HK Stock Market Move | HAIER SMARTHOME (06690) once fell more than 8%. The net profit attributable to the parent in the fourth quarter of last year decreased by 39.2% year-on-year.

HAIER SMARTHOME (06690) fell more than 8% this morning, and as of press time, it was down 5.78%, at 21.5 Hong Kong dollars, with a turnover of 6.03 billion Hong Kong dollars. On the news front, HAIER SMARTHOME released its 2025 annual performance, with a group revenue of 302.329 billion RMB, an increase of 5.7% year-on-year; net profit attributable to shareholders was 19.553 billion RMB, an increase of 4.39% year-on-year. Looking at the fourth quarter alone, the company achieved revenue of 68.3 billion RMB, a decrease of 6.7% year-on-year, and net profit attributable to shareholders was 2.2 billion RMB, a decrease of 39.2% year-on-year. Sinolink pointed out that increased domestic competition, rising commodity prices, and the impact of tariffs have slightly reduced profitability. The company's gross profit margin in 2025 was 26.7%, a decrease of 1.1 percentage points compared to the same period in 2024, mainly due to increased competition domestically leading to a decline in industry average prices, coupled with rising commodity costs and the impact of North American tariffs.