Haier Smart Home posted revenue of 121.86 billion Yuan, up 9.1% YoY, net profit attributable to the parent company 7.95 billion Yuan, up 15.9% YoY, and net profit after deducting non-recurring profit or loss attributable to the parent company 7.49 billion Yuan, up 19.5% YoY, according to the company’s 2022 interim report released on August 29, 2022. The profit growth rate has been higher than the revenue growth rate and the gross profit margin for H1 came to 30.2%, up 0.2% YoY.
It is learned that the company’s revenue from refrigerator and freezer business stood at 21.744 billion Yuan, up 13.3% YoY, washing machine business 14.784 billion Yuan, up 14.1% YoY, air conditioner business 19.46 billion Yuan, up 10.3% YoY, water heater and water purifier business 6.786 billion Yuan, up 15.3% YoY, and domestic kitchen appliance business 1.988 billion Yuan, up 11.4% YoY.