Haier Smart Home plans to distribute dividends exceeding 8.2 billion yuan! Also plans to repurchase A-shares worth 3 billion to 6 billion yuan

Haier Smart Home (600690) Latest Announcement

On the evening of March 26, Haier Smart Home released multiple announcements regarding the company’s 2025 performance, profit distribution, share repurchase results, and a new A-share buyback plan.

In terms of performance, in 2025, Haier Smart Home’s global operating revenue exceeded 300 billion yuan for the first time, reaching 302.347 billion yuan, a year-on-year increase of 5.71%. Net profit attributable to the parent company reached 19.553 billion yuan, a 4.39% increase year-on-year. After deducting non-recurring gains and losses under Chinese accounting standards, net profit attributable to the parent was 18.604 billion yuan, up 4.49% year-on-year. The company’s net cash flow from operating activities in 2025 was 26.003 billion yuan, 1.33 times the net profit.

Regarding profit distribution, Haier Smart Home plans to distribute a cash dividend of RMB 8.867 per 10 shares (tax included) to all shareholders, totaling over 8.2 billion yuan (tax included). This dividend payout, combined with the interim dividend already paid in 2025, accounts for 55.0% of the net profit attributable to the parent company’s shareholders.

Haier Smart Home stated that in 2025, while achieving record-high performance, the company continued to enhance shareholder returns. The company’s cash dividend payout ratio for 2025 increased to 55%, up 7 percentage points from 2024. Looking ahead, the company is committed to creating sustainable long-term value for shareholders. The company has set a shareholder return plan for the next three years (2026–2028): a cash dividend payout ratio of no less than 58% in 2026, and no less than 60% in 2027 and 2028. “This plan reflects our confidence in our development prospects and our appreciation for the trust placed in us by shareholders.”

Regarding share repurchases, in 2025, Haier Smart Home repurchased A-shares worth RMB 1.2 billion and H-shares worth HKD 100 million. The company also announced a new share buyback plan, intending to use its own funds and/or raised funds to repurchase A-shares through centralized bidding. The repurchase amount will be no less than 3 billion yuan and no more than 6 billion yuan, with a purchase price not exceeding 35 yuan per share. The repurchased shares will be used for employee stock ownership plans; if not used within 36 months after the buyback, the remaining shares will be legally canceled. The buyback period is within 12 months from the date of board approval.

Source: Company Announcement

(Article from Securities Times)