Income Statement Haier Smart Home Co., Ltd.

Equities

600690

CNE000000CG9

Appliances, Tools & Housewares

End-of-day quote Shanghai S.E. Other stock markets 18/09/2024			5-day change	1st Jan Change
26.11 ^CNY	+3.28%		+4.02%	+24.33%

08:31am	The Thailand Board of Investment Approves Usd 400 Million Investment by Haier Appliance Manufacture Co., Ltd., A Unit of China's Haier Smart Home Co., Ltd	CI
11/09	Haier Smart Home Co., Ltd. commences an Equity Buyback Plan for 312,956,223 shares, representing 3.37% of its issued share capital, under the authorization approved on June 20, 2024.	CI

bc291fc0a0f365753b659915b5c79cef.f52e8RfN5WusH22O5tHMF8ZY5MVn1mVimgA_Qjxw7j0.MumqyXCvl1v-ayy-joG6JZIR14gptwIbqGdOE1A6hEcKpP2HfZKwIplIDg

Published financial data: HAIER SMART HOME CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	20TCr	21TCr	23TCr	24TCr	26TCr
Other Revenues, Total	129.13Cr	113.26Cr	98Cr	108.23Cr	113.51Cr
Total Revenues	20TCr	21TCr	23TCr	24TCr	26TCr
Cost of Goods Sold, Total	14TCr	15TCr	16TCr	17TCr	18TCr
Gross Profit	5.93TCr	6.12TCr	7TCr	7.51TCr	8.13TCr
Selling General & Admin Expenses, Total	4.38TCr	4.37TCr	4.7TCr	4.94TCr	5.25TCr
Provision for Bad Debts	13Cr	17Cr	46Cr	49Cr	28Cr
R&D Expenses	626.69Cr	686.02Cr	835.73Cr	949.92Cr	1.02TCr
Other Operating Expenses	73Cr	58Cr	89Cr	79Cr	88Cr
Other Operating Expenses, Total	5.09TCr	5.13TCr	5.67TCr	6.02TCr	6.38TCr
Operating Income	839.46Cr	992.67Cr	1.33TCr	1.49TCr	1.74TCr
Interest Expense, Total	-174.71Cr	-132.71Cr	-71Cr	-98Cr	-211Cr
Interest And Investment Income	602.98Cr	454.63Cr	296.77Cr	268.78Cr	339.61Cr
Net Interest Expenses	428.27Cr	321.92Cr	225.52Cr	170.37Cr	128.61Cr
Currency Exchange Gains (Loss)	27Cr	-39Cr	-58Cr	37Cr	14Cr
Other Non Operating Income (Expenses)	3.15Cr	2.97Cr	3.9Cr	-98.88L	2.04Cr
EBT, Excl. Unusual Items	1.3TCr	1.28TCr	1.5TCr	1.7TCr	1.89TCr
Gain (Loss) On Sale Of Investments	2.15Cr	1.89Cr	12Cr	-12Cr	1.98Cr
Gain (Loss) On Sale Of Assets	40Cr	-11Cr	9.03Cr	18Cr	-11Cr
Asset Writedown	-1.46Cr	-4.73Cr	-3.46Cr	-32.99L	-9.17Cr
Other Unusual Items	124.56Cr	90Cr	72Cr	74Cr	102.08Cr
EBT, Incl. Unusual Items	1.46TCr	1.36TCr	1.59TCr	1.78TCr	1.97TCr
Income Tax Expense	229.62Cr	223.19Cr	269.9Cr	305.75Cr	298.02Cr
Earnings From Continuing Operations	1.23TCr	1.13TCr	1.32TCr	1.47TCr	1.67TCr
Net Income to Company	1.23TCr	1.13TCr	1.32TCr	1.47TCr	1.67TCr
Minority Interest	-412.81Cr	-244.6Cr	-15Cr	-2.13Cr	-14Cr
Net Income - (IS)	820.62Cr	887.66Cr	1.31TCr	1.47TCr	1.66TCr
Net Income to Common Incl Extra Items	820.62Cr	887.66Cr	1.31TCr	1.47TCr	1.66TCr
Net Income to Common Excl. Extra Items	820.62Cr	887.66Cr	1.31TCr	1.47TCr	1.66TCr
Per Share Items
Net EPS - Basic	1.29	1.34	1.41	1.58	1.79
Basic EPS - Continuing Operations	1.29	1.34	1.41	1.58	1.79
Basic Weighted Average Shares Outstanding	638.12Cr	663.92Cr	926.74Cr	931.07Cr	927.19Cr
Net EPS - Diluted	1.21	1.31	1.4	1.57	1.78
Diluted EPS - Continuing Operations	1.21	1.31	1.4	1.57	1.78
Diluted Weighted Average Shares Outstanding	677.08Cr	679.68Cr	933.36Cr	937Cr	932.39Cr
Normalized Basic EPS	0.62	0.84	1	1.14	1.26
Normalized Diluted EPS	0.59	0.82	0.99	1.13	1.25
Dividend Per Share	0.38	0.37	0.46	0.57	0.8
Payout Ratio	51.24	48.33	26.51	34.91	43.53
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	1.14TCr	1.33TCr	1.67TCr	1.88TCr	2.16TCr
EBITA	854.08Cr	1.01TCr	1.35TCr	1.51TCr	1.76TCr
EBIT	839.46Cr	992.67Cr	1.33TCr	1.49TCr	1.74TCr
EBITDAR	1.15TCr	1.34TCr	1.68TCr	1.88TCr	2.16TCr
Total Revenues (As Reported)	20TCr	21TCr	23TCr	24TCr	26TCr
Effective Tax Rate - (Ratio)	15.69	16.47	16.96	17.19	15.12
Total Current Taxes	170.83Cr	211.55Cr	250.1Cr	275.17Cr	355.21Cr
Total Deferred Taxes	59Cr	12Cr	20Cr	31Cr	-57Cr
Normalized Net Income	398.51Cr	554.81Cr	923.77Cr	1.06TCr	1.17TCr
Interest on Long-Term Debt	40Cr	13Cr	16Cr	10Cr	14Cr
Non-Cash Pension Expense	55.41L	9L	-13.11L	-8L	19.25L
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.37TCr	3.36TCr	3.66TCr	3.86TCr	4.1TCr
General and Administrative Expenses	1.01TCr	1.01TCr	1.04TCr	1.08TCr	1.15TCr
Research And Development Expense From Footnotes	643.12Cr	702.95Cr	850.95Cr	969.92Cr	1.04TCr
Net Rental Expense, Total	3.41Cr	2.1Cr	7.65Cr	3.14Cr	3.94Cr
Imputed Operating Lease Interest Expense	1.36Cr	58.81L	1.37Cr	91.73L	2.12Cr
Imputed Operating Lease Depreciation	2.05Cr	1.51Cr	6.27Cr	2.22Cr	1.81Cr
Stock-Based Comp., Other (Total)	-	-	26Cr	93Cr	61Cr
Total Stock-Based Compensation	-	-	26Cr	93Cr	61Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.62TCr	4.56TCr	4.57TCr	5.41TCr	5.45TCr
Short Term Investments	398.13Cr	55Cr	32Cr	164.24Cr	153.03Cr
Trading Asset Securities, Total	31Cr	216.52Cr	278.61Cr	52Cr	95Cr
Total Cash And Short Term Investments	4.05TCr	4.84TCr	4.88TCr	5.63TCr	5.7TCr
Accounts Receivable, Total	2.54TCr	3.03TCr	2.83TCr	2.58TCr	2.92TCr
Other Receivables	231.96Cr	189.28Cr	221.17Cr	266.33Cr	299.52Cr
Total Receivables	2.77TCr	3.22TCr	3.05TCr	2.85TCr	3.21TCr
Inventory	2.82TCr	2.94TCr	3.99TCr	4.15TCr	3.95TCr
Restricted Cash	-	83Cr	14Cr	-	-
Other Current Assets, Total	414.07Cr	339.74Cr	428.29Cr	407.16Cr	398.01Cr
Total Current Assets	10TCr	11TCr	12TCr	13TCr	13TCr
Gross Property Plant And Equipment	4.33TCr	4.55TCr	5TCr	5.98TCr	6.8TCr
Accumulated Depreciation	-1.7TCr	-1.82TCr	-2.07TCr	-2.47TCr	-2.86TCr
Net Property Plant And Equipment	2.63TCr	2.73TCr	2.92TCr	3.5TCr	3.94TCr
Long-term Investments	2.22TCr	2.42TCr	2.81TCr	3.14TCr	4.08TCr
Goodwill	2.34TCr	2.25TCr	2.18TCr	2.36TCr	2.43TCr
Other Intangibles, Total	1.07TCr	1TCr	954.96Cr	1.05TCr	1.1TCr
Deferred Tax Assets Long-Term	157.89Cr	220.83Cr	185.48Cr	172.22Cr	180.59Cr
Deferred Charges Long-Term	19Cr	62Cr	82Cr	91Cr	100.82Cr
Other Long-Term Assets, Total	263.93Cr	230.17Cr	250.29Cr	221.15Cr	248.3Cr
Total Assets	19TCr	20TCr	22TCr	24TCr	25TCr
Liabilities
Accounts Payable, Total	5.31TCr	5.75TCr	6.74TCr	6.7TCr	6.93TCr
Accrued Expenses, Total	403.13Cr	464.4Cr	531.74Cr	512.05Cr	617.78Cr
Short-term Borrowings	858.5Cr	1.32TCr	1.12TCr	964.34Cr	1.03TCr
Current Portion of Long-Term Debt	474.41Cr	500.14Cr	676.56Cr	285.44Cr	15Cr
Current Portion of Leases	59Cr	67Cr	69Cr	90Cr	103.97Cr
Current Income Taxes Payable	127.8Cr	137.15Cr	130.53Cr	170.27Cr	155.57Cr
Unearned Revenue Current, Total	558.3Cr	704.86Cr	1TCr	932.96Cr	773.19Cr
Other Current Liabilities	1.77TCr	1.99TCr	2.21TCr	2.21TCr	2.37TCr
Total Current Liabilities	9.56TCr	11TCr	12TCr	12TCr	12TCr
Long-Term Debt	2.03TCr	1.85TCr	337.33Cr	1.36TCr	1.79TCr
Long-Term Leases	198.03Cr	207.27Cr	196.09Cr	282.45Cr	328.68Cr
Unearned Revenue Non Current	71Cr	63Cr	85Cr	95Cr	105.03Cr
Pension & Other Post Retirement Benefits	58Cr	60Cr	52Cr	42Cr	36Cr
Deferred Tax Liability Non Current	115.44Cr	190.04Cr	212.18Cr	235.89Cr	202.84Cr
Other Non Current Liabilities	215.6Cr	221.11Cr	275.37Cr	235.61Cr	282.16Cr
Total Liabilities	12TCr	14TCr	14TCr	14TCr	15TCr
Common Stock, Total	657.96Cr	902.78Cr	939.87Cr	944.66Cr	943.81Cr
Additional Paid In Capital	363.62Cr	1.42TCr	2.15TCr	2.39TCr	2.38TCr
Retained Earnings	3.51TCr	4.15TCr	5.13TCr	6.2TCr	7.34TCr
Treasury Stock	-	-2.89Cr	-242.4Cr	-385.78Cr	-503.41Cr
Comprehensive Income and Other	254.91Cr	213.17Cr	1.6Cr	199.07Cr	196.97Cr
Total Common Equity	4.79TCr	6.68TCr	7.98TCr	9.34TCr	10TCr
Minority Interest	1.71TCr	129.46Cr	127.2Cr	129.09Cr	239.76Cr
Total Equity	6.5TCr	6.81TCr	8.11TCr	9.47TCr	11TCr
Total Liabilities And Equity	19TCr	20TCr	22TCr	24TCr	25TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	657.96Cr	682.66Cr	926.75Cr	924.54Cr	911.03Cr
ECS Total Common Shares Outstanding	657.96Cr	682.66Cr	926.75Cr	924.54Cr	911.03Cr
Book Value / Share	7.28	9.79	8.61	10.1	11.36
Tangible Book Value	1.38TCr	3.43TCr	4.84TCr	5.93TCr	6.82TCr
Tangible Book Value Per Share	2.1	5.02	5.23	6.41	7.49
Total Debt	3.62TCr	3.95TCr	2.4TCr	2.98TCr	3.27TCr
Net Debt	-428.29Cr	-885.14Cr	-2.48TCr	-2.65TCr	-2.42TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.86Cr	1.68Cr	-1.74Cr	-56.16L	-4.49Cr
Debt Equivalent Oper. Leases	27Cr	17Cr	61Cr	25Cr	31Cr
Minority Interest, Total (Incl. Fin. Div)	1.71TCr	129.46Cr	127.2Cr	129.09Cr	239.76Cr
Equity Method Investments, Total	2.05TCr	2.16TCr	2.32TCr	2.45TCr	2.55TCr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	306.83Cr	278.56Cr	516.08Cr	622.03Cr	587.37Cr
Inventories - Work In Process, Total	41Cr	34Cr	12Cr	7.4Cr	4.75Cr
Inventories - Finished Goods, Total	2.57TCr	2.76TCr	3.6TCr	3.69TCr	3.51TCr
Land - (BS)	-	-	-	-	-
Buildings, Total	995.51Cr	1.01TCr	1.13TCr	1.46TCr	1.58TCr
Machinery, Total	2.53TCr	2.55TCr	2.77TCr	3.28TCr	3.71TCr
Full Time Employees	99.76T	99.3T	1L	1L	1L
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	46Cr	45Cr	81Cr	119.72Cr	141.37Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	820.62Cr	887.66Cr	1.31TCr	1.47TCr	1.66TCr
Depreciation & Amortization - CF	376.66Cr	395.02Cr	389.78Cr	456Cr	504.24Cr
Amortization of Goodwill and Intangible Assets - (CF)	15Cr	16Cr	20Cr	18Cr	20Cr
Depreciation & Amortization, Total	391.28Cr	410.56Cr	409.8Cr	473.8Cr	524Cr
Amortization of Deferred Charges, Total - (CF)	75Cr	98Cr	96Cr	130.83Cr	155.96Cr
(Gain) Loss From Sale Of Asset	-40Cr	11Cr	-9.03Cr	-18Cr	11Cr
(Gain) Loss on Sale of Investments - (CF)	-544.4Cr	-402.87Cr	-244.9Cr	-185.41Cr	-192.68Cr
Asset Writedown & Restructuring Costs	2.61Cr	3.8Cr	1.6Cr	1.39Cr	8.89Cr
Provision and Write-off of Bad Debts	14Cr	17Cr	46Cr	49Cr	24Cr
Other Operating Activities, Total	634.01Cr	535.81Cr	-1.52TCr	220.41Cr	336.2Cr
Change In Accounts Receivable	-91Cr	-537.91Cr	502.71Cr	178.13Cr	-411.71Cr
Change In Inventories	-394.9Cr	-311.83Cr	-1.15TCr	-277.37Cr	98Cr
Change In Accounts Payable	570.55Cr	995.48Cr	1.01TCr	-159.78Cr	298.56Cr
Change In Deferred Taxes	59Cr	12Cr	20Cr	31Cr	-57Cr
Change in Other Net Operating Assets	12Cr	41Cr	36Cr	100.84Cr	71Cr
Cash from Operations	1.51TCr	1.76TCr	511.28Cr	2.02TCr	2.53TCr
Capital Expenditure	-619.41Cr	-777.37Cr	-3.95Cr	-820.45Cr	-990.69Cr
Sale of Property, Plant, and Equipment	26Cr	32Cr	4.02Cr	23Cr	17Cr
Cash Acquisitions	-269.55Cr	-31Cr	-	-4Cr	-16Cr
Divestitures	-95Cr	86Cr	-	-20Cr	-
Investment in Marketable and Equity Securities, Total	-196.9Cr	83Cr	-4.95Cr	-139.09Cr	-801.57Cr
Other Investing Activities, Total	59Cr	80Cr	9.66Cr	69Cr	83Cr
Cash from Investing	-1.1TCr	-526.42Cr	4.78Cr	-892.03Cr	-1.71TCr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.85TCr	2.87TCr	-	1.84TCr	2TCr
Total Debt Issued	1.85TCr	2.87TCr	-	1.84TCr	2TCr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-1.99TCr	-2.42TCr	-552Cr	-1.56TCr	-1.96TCr
Total Debt Repaid	-1.99TCr	-2.42TCr	-552Cr	-1.56TCr	-1.96TCr
Issuance of Common Stock	44Cr	133.13Cr	-	99Cr	95Cr
Repurchase of Common Stock	-6.59Cr	-	-	-201.24Cr	-180.18Cr
Common Dividends Paid	-420.45Cr	-429.03Cr	-346.35Cr	-513.5Cr	-722.44Cr
Common & Preferred Stock Dividends Paid	-420.45Cr	-429.03Cr	-346.35Cr	-513.5Cr	-722.44Cr
Other Financing Activities, Total	-73Cr	-256.27Cr	-42Cr	-38Cr	-16Cr
Cash from Financing	-601.3Cr	-102.59Cr	-940.34Cr	-382.21Cr	-784.1Cr
Foreign Exchange Rate Adjustments	29Cr	-64Cr	-3L	76Cr	25Cr
Net Change in Cash	-159.8Cr	1.07TCr	-424.3Cr	817.11Cr	59Cr
Supplemental Items
Cash Interest Paid	9.16Cr	15Cr	14Cr	13Cr	13Cr
Cash Income Tax Paid (Refund)	801.13Cr	699.01Cr	830.91Cr	877.92Cr	1.27TCr
Levered Free Cash Flow	349.2Cr	568.78Cr	1.9TCr	714.17Cr	871.94Cr
Unlevered Free Cash Flow	458.4Cr	651.72Cr	1.95TCr	775.68Cr	1TCr
Change In Net Working Capital	-87Cr	-299.74Cr	-587.98Cr	35Cr	-163.89Cr
Net Debt Issued / Repaid	-145.15Cr	449.57Cr	-552Cr	271.53Cr	40Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.95	3.17	3.95	4.11	4.45
Return on Total Capital	5.49	5.94	7.82	8.12	8.28
Return On Equity %	20.42	17.01	17.72	16.74	16.68
Return on Common Equity	18.73	15.48	17.82	16.97	16.85
Margin Analysis
Gross Profit Margin %	29.55	29.2	30.77	30.86	31.09
SG&A Margin	21.81	20.83	20.65	20.3	20.07
EBITDA Margin %	5.7	6.36	7.35	7.71	8.27
EBITA Margin %