Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>
Global Leader with a Diversified Brand Portfolio: <a href="https://smartkarma.com/entities/haier-smart-home-co-ltd">Haier Smart Home</a> is the world's largest home appliance manufacturer by retail volume for 16 consecutive years, leveraging a multi-brand strategy (including Haier, Casarte, GE Appliances, Fisher &amp; Paykel, Candy) to target diverse consumer segments and geographies. Approximately 50% of its revenue is generated outside of China, highlighting its successful global expansion.</li>
 <li>
Strategic Focus on Premiumization and Smart Home Ecosystem: The company is successfully driving margin expansion through a focus on high-end products, led by its premium brand Casarte, which dominates the luxury appliance market in China. Concurrently, Haier is transforming into a smart home ecosystem leader, integrating IoT and AI into its products to create interconnected living solutions and new revenue streams.</li>
 <li>
Consistent Financial Performance and Shareholder Returns: Haier has demonstrated a strong track record of revenue and net income growth, supported by operational efficiency gains from digitalization. The company maintains a strong commitment to shareholder returns, evidenced by a high dividend score and a consistent, growing dividend payout.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Global Leader with a Diversified Brand Portfolio: Haier Smart Home is the world's largest home appliance manufacturer by retail volume for 16 consecutive years, leveraging a multi-brand strategy (including Haier, Casarte, GE Appliances, Fisher &amp; Paykel, Candy) to target diverse consumer segments and geographies. Approximately 50% of its revenue is generated outside of China, highlighting its successful global expansion.
  
Strategic Focus on Premiumization and Smart Home Ecosystem: The company is successfully driving margin expansion through a focus on high-end products, led by its premium brand Casarte, which dominates the luxury appliance market in China. Concurrently, Haier is transforming into a smart home ecosystem leader, integrating IoT and AI into its products to create interconnected living solutions and new revenue streams.
  
Consistent Financial Performance and Shareholder Returns: Haier has demonstrated a strong track record of revenue and net income growth, supported by operational efficiency gains from digitalization. The company maintains a strong commitment to shareholder returns, evidenced by a high dividend score and a consistent, growing dividend payout.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Haier Smart Home (600690 CH) - Sep 2025

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 10 stocks in China that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Three stocks remain, seven new join the fray</li>
<li>Since inception, it has gained 160% versus the CSI 300 Index’s return of 97%</li>
</ul>


We highlight 10 stocks in China that look interesting to us based on our FVMR methodology
Portfolio changes: Three stocks remain, seven new join the fray
Since inception, it has gained 160% versus the CSI 300 Index’s return of 97%


HK/China Equity Long-Short

Osbert Tang, CFA

<ul>
<li>
<a href="https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e" target="_blank" data-smartkarma-citation="entities:31105:1" rel="noopener">Haier Smart Home (6690 HK)</a> is less exposed to China's real estate market than one would have thought. Despite poor property industry, HSH still generated 12.9% earnings growth in 3Q23.</li>
<li>We are delighted to see further margin pick-up in 2Q23-3Q23, thanks to digitalisation and better efficiency. We believe such a trend can be sustained over the next 12-18 months. </li>
<li>More innovative products will drive market share, and better margin can support a 13% 3-year earnings CAGR. ROE is high at 17-8% despite net cash (8.8% of share price).   </li>
</ul>



Haier Smart Home (6690 HK) is less exposed to China's real estate market than one would have thought. Despite poor property industry, HSH still generated 12.9% earnings growth in 3Q23.
We are delighted to see further margin pick-up in 2Q23-3Q23, thanks to digitalisation and better efficiency. We believe such a trend can be sustained over the next 12-18 months. 
More innovative products will drive market share, and better margin can support a 13% 3-year earnings CAGR. ROE is high at 17-8% despite net cash (8.8% of share price).   


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Midea Group Co Ltd A / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/midea-group-co-ltd-a" target="_blank" data-smartkarma-citation="entities:16185:1" rel="noopener">Midea Group Co Ltd A (000333 CH)</a>, one of the world’s largest home appliance producers, aims to raise up to  US$5bn in its H-share listing.</li>
<li>Midea Group is one of the world’s largest home appliance manufacturing companies with a presence in over 200 countries. Its A-shares have been listed since 2013.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Midea Group Co Ltd A (000333 CH), one of the world’s largest home appliance producers, aims to raise up to  US$5bn in its H-share listing.
Midea Group is one of the world’s largest home appliance manufacturing companies with a presence in over 200 countries. Its A-shares have been listed since 2013.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Midea A/H Listing - Early Look - Probably Raising Acquisition Currency

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

<ul>
<li>We compile our selection of companies across Japan, China and India based on bottom-up triggers in each company. </li>
<li>Top-Picks in China are <a href="https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e" target="_blank" data-smartkarma-citation="entities:31105:1" rel="noopener">Haier Smart Home (6690 HK)</a> , <a href="https://www.smartkarma.com/entities/midea-group-co-ltd" target="_blank" data-smartkarma-citation="entities:43993:1" rel="noopener">Midea Group (300 HK)</a> and <a href="https://www.smartkarma.com/entities/yadea-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:22706:1" rel="noopener">Yadea Group Holdings (1585 HK)</a>.</li>
<li>Our top picks in Japan are <a href="https://www.smartkarma.com/entities/suzuki-motor-corp" target="_blank" data-smartkarma-citation="entities:732:1" rel="noopener">Suzuki Motor (7269 JP)</a> and <a href="https://www.smartkarma.com/entities/rohm-co-ltd" target="_blank" data-smartkarma-citation="entities:2953:1" rel="noopener">ROHM Co Ltd (6963 JP)</a> and in India-Auto it is <a href="https://www.smartkarma.com/entities/mahindra-mahindra-ltd" target="_blank" data-smartkarma-citation="entities:16441:1" rel="noopener">Mahindra &amp; Mahindra (MM IN)</a> &amp;<a href="https://www.smartkarma.com/entities/ashok-leyland-ltd" target="_blank" data-smartkarma-citation="entities:20104:1" rel="noopener">Ashok Leyland (AL IN)</a>
</li>
</ul>


We compile our selection of companies across Japan, China and India based on bottom-up triggers in each company. 
Top-Picks in China are Haier Smart Home (6690 HK) , Midea Group (300 HK) and Yadea Group Holdings (1585 HK).
Our top picks in Japan are Suzuki Motor (7269 JP) and ROHM Co Ltd (6963 JP) and in India-Auto it is Mahindra &amp; Mahindra (MM IN) &amp;Ashok Leyland (AL IN)



Shortlist Of High Conviction Ideas Across China, Japan, India - November 2025

China

Haier Smart Home Co. Ltd. manufactures and distributes appliances. The Company produces air conditioners, refrigerators, freezers, small household electrical appliances, and other related products. Haier Smart Home markets its products domestically and internationally.

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Haier Smart Home (600690 CH)

Primer: Haier Smart Home (600690 CH) - Sep 2025

Global Leader with a Diversified Brand Portfolio: Haier Smart Home is the world's largest home appliance manufacturer by retail volume for 16...

αSK

The Stocks to Own in China – Vol. 38

We highlight 10 stocks in China that look interesting to us based on our FVMR methodology. Portfolio changes: Three stocks remain, seven new join...

A. Stotz Investment Research

Haier Smart Home (6690 HK): Stays Smart

Haier Smart Home is less exposed to real estate market than expected. Digitalisation and efficiency improvements are driving margin; and...

Osbert Tang, CFA

Midea A/H Listing - Early Look - Probably Raising Acquisition Currency

Midea officially filed for an H-share listing yesterday. As per media reports the company is looking to raise up to US$3bn in Hong Kong.

Sumeet Singh

Shortlist Of High Conviction Ideas Across China, Japan, India - November 2025

Mahindra and Mahindra continued with its strong sales momentum in November - 1)Within auto it achieved SUV sales of 56,336 units, a growth of...

Sreemant Dudhoria,CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Primer: Haier Smart Home (600690 CH) - Sep 2025

Global Leader with a Diversified Brand Portfolio: Haier Smart Home is the world's largest home appliance manufacturer by retail volume for 16...

αSK

The Stocks to Own in China – Vol. 38

We highlight 10 stocks in China that look interesting to us based on our FVMR methodology. Portfolio changes: Three stocks remain, seven new join...

A. Stotz Investment Research

Haier Smart Home (6690 HK): Stays Smart

​Haier Smart Home is less exposed to real estate market than expected. Digitalisation and efficiency improvements are driving margin; and...

Osbert Tang, CFA

Midea A/H Listing - Early Look - Probably Raising Acquisition Currency

Midea officially filed for an H-share listing yesterday. As per media reports the company is looking to raise up to US$3bn in Hong Kong.

Sumeet Singh

Shortlist Of High Conviction Ideas Across China, Japan, India - November 2025

Mahindra and Mahindra continued with its strong sales momentum in November - 1)Within auto it achieved SUV sales of 56,336 units, a growth of...

Sreemant Dudhoria,CFA

Haier Smart Home is less exposed to real estate market than expected. Digitalisation and efficiency improvements are driving margin; and...