Haier Electronics Group Q1 Report 2024

Haier Smart Home Co., Ltd, a global leader in smart home solutions, announced its financial results for the first quarter of 2024.

Building on the momentum from its 2023 annual report, Haier Smart Home delivered a strong start to 2024, achieving a notable increase in total revenue and profit. Revenue reached RMB 68.98 billion, marking a 6.01% increase compared to the same period of the previous year. Net profit attributable to the owners of the parent company climbed to RMB 4.77 billion, up 20.16% year-over-year, while net profit after adjusting for non-recurring items grew by 25.41% to RMB 4.64 billion.

Highlights

• Total Revenue of RMB 68.98 billion, a 6.01% increase year-over-year (Q1 2023: RMB 65.07)
• Net Cash Flow from operating activities rose by 27.31% to RMB 1.72 billion
• Enhanced process efficiency and cost reductions through digitalization