Haier Smart Home HK slips most in nearly 4 weeks as H1 profit dips

Haier Smart Home

28/08/2026 02:47

** Hong Kong shares of Haier Smart Home 6690.HK slip 4% to HK$20.56, on track for the biggest one-day pct drop since August 3
** Stock hit the lowest level since August 19 in the third straight declining session
** Top pct loser in Hang Seng TECH Index .HSTECH, which is down 0.02%
** Shanghai-listed stock 600690.SS> declines 2.2% to 20.66 yuan, the lowest level since July 15
** Chinese home appliance manufacturer said its H1 net profit dropped 14.3% y/y, revenue fell 2.8% y/y, while gross profit margin up 0.4 percentage points y/y to 26.8% 
** Diminishing impact of the home appliance trade-in policy and subdued consumer willingness to spend left the industry under pressure overall, while the industry's year-on-year decline is expected to narrow gradually in the second half - Co 
** YTD, Hong Kong stock down 13.8%, Shanghai shares down 19.1%, benchmark Hang Seng Index .HSI down 0.4%
     

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))