Haier Smart Home Co., Ltd. reported third-quarter 2026 revenue of RMB 69.70 billion and net profit attributable to shareholders of the parent company of RMB 4.68 billion, according to the company’s quarterly results announcement distributed via NEWMEDIAWIRE. For the nine months ended September 30, revenue reached RMB 221.82 billion, with net profit attributable to shareholders of RMB 15.00 billion and a gross margin broadly stable year-on-year at 27.2%.
The results matter for investors and industry watchers because they show the world’s largest home appliance maker holding profitability even as it absorbs the costs of a major US supply-chain restructuring and invests in more productive facilities. Chairman and CEO Li Huagang said the US restructuring is “nearly complete and has met its objectives,” while the company is reorganizing around AI and closer integration to improve efficiency over the next two to three years.
In China, Haier Smart Home’s retail value share reached 20.6% online and 25.0% offline in the first nine months, up 2.9 and 1.7 percentage points year-on-year, respectively. The company is upgrading refrigeration and laundry products with proprietary innovations, including AI-enabled thawing technology and a four-drum AI laundry system that allows separate washing of different clothing types.
Internationally, GE Appliances gained core appliance market share in North America, with small appliances growing strongly under the Cafe and GE Profile brands. In Europe, retail value shares in refrigeration and laundry rose in core markets such as Italy, Spain, the UK and France, supported by product innovation and a global product platform. Revenue in India grew at three times the industry rate, and unit sales of solar-powered air conditioners doubled in Pakistan. Premium washing machines were introduced in Vietnam, and revenue in the Middle East and Africa grew steadily in US dollar terms in the third quarter.
The company’s HVAC integration is reducing costs through coordinated procurement and in-house manufacturing, making its commercial air-conditioning business in China more cost-competitive. In North America, GE Appliances reported strong growth in Air & Water Solutions and introduced a new variable refrigerant flow system for commercial customers. In Europe, Haier is accelerating research and development for air conditioners and heat pumps, including models using R290 refrigerant to meet demand for improved environmental performance.
For readers, the announcement signals that Haier Smart Home is prioritizing HVAC and emerging-market businesses to increase their share of revenue and profit, while betting that AI-enabled products and local supply chains will help it compete more effectively. The full release is available at www.newmediawire.com.
