Haier Smart Home Co.,Ltd.
Haier Smart Home Co.,Ltd.: 9M 2019 with accelerated roll-out of smart home promoting sustainable growth
DGAP-News: Haier Smart Home Co.,Ltd.
/ Key word(s): 9 Month figures
Haier Smart Home: 9M 2019 with accelerated roll-out of smart home promoting sustainable growth – Continuous revenue growth of 7.7% to RMB 148.9 billion (9M/2018: RMB 138.2 billion) – Net profit up 26.2% to RMB 7.8 billion (9M/2018: RMB 6.2 billion) – Smart home ecosystems revenues increased by 55% to RMB 3.4 billion (9M/2018: RMB 2.2 billion) Qingdao / Shanghai / Frankfurt, 30 October 2019 – Haier Smart Home Co., Ltd. (formerly known as Qingdao Haier Co., Ltd.) (D-Share ISIN CNE1000031C1, A-Share ISIN CNE000000CG9, “Haier Smart Home” or the “Company”) successfully continued to grow in the first nine months 2019. The accelerated roll-out of its smart home ecosystem promoted sustainable revenue growth in a weak industry environment. From January to September 2019, the Company achieved an increase in revenues of 7.7% to RMB 148.9 billion (9M/2018: RMB 138.2 billion). With a view to Haier Smart Home’s global market coverage, 53% of revenues was generated in China and 47% in the rest of the world. The share of revenues generated in overseas markets rose by 5 percentage points. Compared to the same period of the previous year, the largest growth was recorded in Europe (+225%) and Southeast Asia (+22%). Net profit attributable to the parent company increased by 26.2% to RMB 7.8 billion. By consistently developing individual products into smart home ecosystems throughout the entire house, Haier Smart Home, as the market leader in the area of household-based Internet of Things (IoT), meets the individual adaptation needs of users for smart home solutions. In the reporting period, Haier Smart Home actively contributed to the development of IoT ecosystems such as the Internet of Food, the Internet of Clothing and the Internet of Air. The increased use-value also increases consumer demand for comprehensive premium solutions, complete smart home sets and after-sales services. Haier Smart Home further expanded its market leadership in the area of IoT standards, particularly in the Internet of Food segment, by developing international food traceability standards. In this way, also Haier’s Internet of Clothing offers users the best experience during the entire wearing, based on the IoT Life Cycle Management platform. By connecting raw material fields, factories, shops and houses to label garments with RFID “chip cards” and collaborating with the garment, textile, laundry and dye industries to create a shared smart ecosystem, Haier offers digital management of smart garments. Users thus receive solutions for the entire life cycle from purchase to washing, caring for, managing and matching garments. At the same time, the apparel industry is experiencing a boost to the value chain as a result of the IoT transformation. The Internet of Clothing promoted the use of IoT technologies in the apparel and textile industries, which improved the efficiency of commodities management companies using natural resources, increasing the productivity of input and output tenfold and reducing personnel costs by 50%.
31.10.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Haier Smart Home Co.,Ltd. |
Haier Industrial Park, Laoshan District | |
266101 Qingdao | |
China | |
Phone: | +49 6172 9454 143 |
Fax: | +49 6172 9454 42143 |
E-mail: | y.sun@haier.de |
Internet: | www.haier.net |
ISIN: | CNE1000031C1, CNE000000CG9 (A-share), |
WKN: | A2JM2W |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 901169 |
End of News | DGAP News Service |