Haier Smart Home Co., Ltd. reported third-quarter 2026 revenue of RMB 69.70 billion and net profit attributable to shareholders of RMB 4.68 billion, according to the company's earnings release distributed via NEWMEDIAWIRE. For the nine months ended September 30, revenue reached RMB 221.82 billion with net profit of RMB 15.00 billion, while the nine-month gross margin remained broadly stable year-on-year at 27.2%. The results matter because they signal that Haier is holding profitability steady despite persistent cost pressures and shifting global trade conditions, a key test for a company that derives a substantial share of sales outside China.
Chairman and CEO Li Huagang said the company gained share in core markets and that its US supply-chain restructuring is nearly complete and has met its objectives. He added that Haier is investing in more productive facilities and changing how it runs the business, using AI and closer integration to improve efficiency and compete more effectively over the next two to three years. The emphasis on AI and integration is significant because it suggests Haier is moving beyond cost-cutting toward a productivity-driven model that could protect margins if input costs rise or demand softens in major markets.
In China, Haier'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 technology that improves thawing of frozen food and a four-drum AI laundry system that lets consumers wash different types of clothing separately. These product moves matter because they support premium positioning in a highly competitive domestic market and help justify higher price points as consumers trade up.
Internationally, GE Appliances gained core appliance market share in North America in the first nine months, with small appliances growing strongly through an expanded range of countertop products under Cafe and GE Profile. In Europe, retail value shares in refrigeration and laundry increased in core markets, supported by product innovation and Haier's global product platform. Revenue in India grew at three times the industry rate, and the company expanded its premium washing-machine range there. 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 Q3. These gains indicate that Haier's localized approach is producing results in emerging markets where rising incomes and hot climates create durable demand for cooling and laundry products.
Haier is prioritizing its HVAC and emerging-market businesses, confident that local expertise and regional supply chains can increase their share of revenue and profit. In HVAC, integration is reducing costs and improving efficiency, with coordinated procurement and in-house manufacturing making the 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 R&D and market development for air conditioners and heat pumps, including models using R290 refrigerant to meet demand for improved environmental performance. The HVAC push matters because it diversifies Haier beyond traditional appliances into higher-margin, specification-driven categories where commercial customers and energy-efficiency rules can create stickier revenue.
Investors can view the original release on www.newmediawire.com. The forward-looking statements in the release note risks including currency fluctuations, tariffs and export controls, shifts in consumer demand, and raw-material volatility. Those caveats are important because Haier's global footprint exposes it to trade-policy changes and currency swings that can quickly alter the economics of its international gains.
