Haier Smart Home unveiled its performance report for the first three quarters of 2021 on October 29, 2021. According to the report, the company posted revenue of 169.96 billion Yuan for the first three quarters, up by 10.1% year over year, net profit attributable to the parent company 9.93 billion Yuan, up by 57.7% year over year, net profit after non-recurring profit and loss deduction 9.06 billion Yuan, up by 121.3% year over year. The surge was made mainly due to the 0.88 billion RMB that came from government subsidy received in the same period as well as the company’s investment income.
Excluding COSMO Plat business and the influence of the privatization of Haier Electric Group, revenue of Hair Smart Home for the first three quarters grew by 20.4% year over year for the first three quarters, and net profit attributable to the parent company grew by 60.2% year over year. For Q3 alone, the revenue came to 58.34 billion Yuan, down by 0.6% year over year, net profit attributable to the parent company 3.08 billion Yuan, down by 12.4% year over year, and net profit attributable to the parent company after non-recurring profit and loss deduction 2.79 billion Yuan, up by 82.9% year over year. Excluding COSMO Plat business and the influence of the privatization of Haier Electric Group, the revenue growth and net profit growth for Q3 alone was 9.2% and 14.6% respectively.