HAIER SMARTHOME (06690) has announced its financial results for the first quarter of 2026. The company recorded revenue of 73.687 billion yuan, a decrease of 6.86% compared to the same period in 2025. Net profit attributable to shareholders of the listed company was 4.652 billion yuan, declining by 15.22% year-on-year, though it showed a sequential improvement from the fourth quarter of 2025.

Profitability in the first quarter of 2026 faced temporary pressure, primarily due to extreme snowstorm weather in the North American market, where the industry experienced a decline of approximately 10%. This was compounded by a significant year-on-year increase in tariff costs, which adversely affected the company's performance in North America. Excluding the impact of the North American market, the company's total operating profit for the quarter grew by more than 10%, demonstrating strong operational resilience.