Haier Smart Home posted Q1 2026 revenue of 73,687 million yuan, a 7% YoY decline, amid weak China and US demand.
Net profit fell 15% YoY to 4,652 million yuan, matching estimates while operating profit excluding FX losses beat forecasts.
Europe, South Asia and Southeast Asia delivered double‑digit percentage growth, offsetting some of the revenue weakness.
US market was the largest negative contributor to both revenue and profit in the quarter.