BUZZ-China's Haier Smart Home fall on Q4 profit miss

Reuters2025-03-28
BUZZ-China's Haier Smart Home fall on Q4 profit miss

** HK shares of Haier Smart Home 6690.HK drop 7.5% to HK$24.7; set for biggest one-day pct decline since October 8, 2024

** Stock touches lowest since March 13; top pct loser on Hang Seng Index .HSI, which is down 0.9%

** Shanghai-listed stock 600690.SS falls 4.1 to 26.92 yuan, lowest since March 14

** Chinese home appliances maker posts 12.9% y/y rise in 2024 net profit

** Jefferies ("hold") says Q4 FY24 net profit missed market consensus by 10%-15%, with operating cash flow declining

** YTD, HK stock down 10.2%, Shanghai shares sheds 5.4%

($1 = 7.2647 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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