Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Stock Code: 600690 Short Name: Haier Smart Home
Haier Smart Home Co., Ltd.
2022 Third Quarter Report
The Board of Directors (the “Board”) and the Directors of Haier Smart Home Co., Ltd. (the “Company”) hereby
assure that this announcement is free from any false record, misleading representation or material omission and are
legally responsible for the trueness, accuracy and completeness of the content set out herein.
Important Notice:
The board of directors (the “Board”), the board of supervisors, directors, supervisors, and senior management of
the Company hereby assure that the content set out in the quarterly report is true, accurate and complete, and free from
any false record, misleading representation or material omission, and are individually and collectively responsible for
the content set out therein.
The legal representative of the Company, chief financial officer of the Company and person in charge of accounting
department hereby certify that the financial information set out in the quarterly report is true, accurate and complete.
Whether the third quarterly report has been audited or not
□Yes √No
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
I. Key Financial Information
(I) Major accounting data and financial indicators
Unit and Currency: RMB
Year-on-year Year-on-year
increase/decrease increase/decrease
during the from the
For the corresponding period of last year Reporting Period For the corresponding period of last year beginning to the
From the beginning
(%) end of the
During the of the year to the
Items Reporting Period
Reporting Period end of the
(%)
Reporting Period
Before
adjustment After adjustment After adjustment Before adjustment After adjustment After adjustment
Operating
revenue 62,891,243,547.88 58,344,749,484.03 57,902,786,814.05 8.62 184,748,766,010.10 169,963,571,548.76 169,630,543,025.11 8.91
Net profit
attributable to
shareholders 3,716,522,018.59 3,082,339,695.41 3,089,857,630.90 20.28 11,665,606,491.29 9,934,611,508.38 9,948,760,485.45 17.26
of the listed
Company
Net profit after
deduction of
non-recurring
profit or loss
attributable 3,730,558,477.25 2,785,809,654.46 2,785,809,654.46 33.91 11,221,252,182.63 9,055,716,061.18 9,055,716,061.18 23.91
to shareholders
of the listed
Company
Net cash flow
from operating N/A N/A N/A N/A 11,205,073,837.77 13,359,284,075.18 13,431,006,331.74 -16.57
activities
Basic earnings
per share
(RMB per 0.40 0.33 0.33 21.21 1.25 1.07 1.07 16.82
share)
Diluted
earnings per
share (RMB 0.39 0.33 0.33 18.18 1.24 1.06 1.06 16.98
per share)
Weighted
average return Decrease of 0.07 Decrease of 0.12
on net assets 3.91 4.00 3.98 13.15 13.29 13.27
(%) percentage points percentage points
At the end of last year Increase/decrease at the end of the
Reporting Period compared to the end
At the end of the Reporting Period
of last year (%)
Before adjustment After adjustment After adjustment
Total assets 229,607,654,027.10 217,459,494,212.74 217,745,933,577.31 5.45
Owner equity
attributable to
shareholders 91,701,820,532.75 79,810,927,325.55 79,988,404,863.61 14.64
of the listed
Company
Note: “Reporting Period” refers to the three-month period commencing from the beginning of this quarter to the end
of this quarter.
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Reasons for retrospective adjustment or restatement:
During the Reporting Period, the Company had a business combination under common control (acquisition of
the entire equity interest in Qingdao Haier Special Plastics R&D Co. Ltd.), and therefore certain financial
information were adjusted retrospectively in accordance with the Accounting Standards for Business
Enterprises.
During the Reporting Period, the Company seized the growth opportunity from product innovation and model
innovation; leverage high-end brand and three-in-one market layout to grow global market share; accelerated
digital transformation to enhance user experience and operational efficiency throughout the entire value chain;
in order to achieve steady growth with improving profitability despite external uncertainties and challenges.
Key Performance Indicators
I. Revenue and profit
In the first three quarters of 2022, the Company recorded a revenue of RMB184.749 billion, net profit
attributable to the owners of the Company of RMB11.666 billion, net profit after deduction of non-recurring
profit and loss items attributable to the owners of the Company of RMB11.221 billion, representing an increase
of 8.9%, 17.3% and 23.9% respectively, as compared to the corresponding period in 2021.
In the third quarter, the Company recorded a revenue of RMB62.891 billion, net profit attributable to the
owners of the Company of RMB3.717 billion, net profit after deduction of non-recurring profit and loss items
attributable to the owners of the Company of RMB3.731 billion, representing an increase of 8.6%, 20.3% and
33.9% respectively, as compared to the corresponding period in 2021.
（I）Smart Home Businesses in China
During the Reporting Period，the Company achieved solid results by enhancing user experience and
improving operational efficiency.
Firstly, the Company upgraded the high-end brands and scenario solutions to maximize user value: Casarte
brand has been enhancing comprehensive product sets and line-up of solution packages. The Company also
strengthened presence in shopping malls and home building material channel to increase brand
competitiveness, expanded network coverage of Three-Winged Bird scenario brand while establishing user
reputation by improving 1+N service capabilities and smart home scenario experience. The Company also
accelerated development in new categories with 89% year-on-year growth in tumble dryers, over 20% growth
in dishwashers and 120% growth in robotic cleaners.
Secondly, the Company promoted efficient traffic-acquisition and conversion to improve users’ loyalty with
greater rate of repeated purchase and pressed ahead with integration of distribution network, sales network,
logistics network and service network, while focusing on platform-based digital transformation to improve
user experience and operational efficiency.
1. Household Food Freshness and Cooking Solutions (Internet of Food)
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Refrigerator and Freezer business
According to CMM, the Company strengthened the leadership in refrigerators, with 43.8% retail sales market
share offline in the first three quarters of 2022, up by 2.4 percentage points year-on-year, and with 39.1% retail
sales market share online.
During the Reporting Period，the refrigerator segment continued technology innovations in preservation and
home furnishing integration. Seamless built-in technology helped the sales of built-in refrigerators increase
by 180% year-on-year in the third quarter. Based on the concept of complete integration with cabinet, the
Company launched Casarte 505 series with 6 built-in designs that perfectly fit cabinets and cupboards, creating
a new generation of kitchen design standards and contributing to high-end market share growth. According to
CMM, Casarte’s market share in refrigerators priced above RMB15,000 increased by 3.3 percentage points to
45% offline.
Kitchen Appliance Business
According to CMM, by retail revenues, the Company’s market share in kitchen appliance was 8.3% offline in
the first three quarters of 2022, up by 1.2 percentage points year-on-year, while Casarte’s market share grew
by 69% to 5.2% offline.
During the Reporting Period, the Company focused on strengthening the competitiveness of the high-end
product set solutions. Casarte brand accelerated expansion in home improvement channels by establishing 274
new Three-Winged Bird smart kitchen stores to capture the growth opportunity from consumption upgrade.
Haier brand focused on online channels, lower-tier e-commerce channels and rural channels by entering 1,900
stores in towns and villages, seizing the opportunities from kitchen appliances penetration increase and
product replacement.
2. Household Laundry Solutions (Internet of Clothing)
According to CMM, the Company continued to lead the industry in the first three quarters of 2022: Haier’s
retail sales market share reached 46.3% offline, up by 2.7 percentage points year-on-year while market share
reached 40.2% online; and high-end market share (units priced above RMB10,000) reached 76.8%. Market
share of tumble dryers amounted to 39.3% offline and 29.6% online, up by 5.8 and 4.1 percentage points year-
on-year, respectively.
During the period, the Company committed to product innovation focusing on user demand and rapidly
expanded into new channels. The Company launched Essence washing machine equipped with a mixing
chamber for optimal dispensing and mixing of of detergent and water, this liquid is immediate sprayed to
penetrate fabric fibres using high-pressure technology to achieve effective dirt removal, thus saves time,
reduce water and electricity consumption, as well as wear& tear. Xinxiannuo (新纤诺) dryer drove the
Company’s market share in tumble dryers priced above RMB10,000 to 47.2%. The Company concentrated
on expanding into building materials channel, shopping malls, and new e-commerce platforms to capture
growth opportunities.
3. Air Solutions
Residential air conditioning segment
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
According to CMM, in the first three quarters of 2022, the Company’s share increased rapidly: with 19.9%
retail sales share offline and 14.5% online, increase by 2.9 and 1.0 percentage points respectively; in particular,
the Company’s high-end market share (wall-mounted units priced above RMB4,000 and standing units priced
above RMB10,000) recorded a significant increase of 4 percentage points reaching 24.8%.
During the period, the Company’s residential air conditioners focused on whole-process transformation to
enhance long-term competitiveness. In the domestic market, the Company improve users interaction by adding
in-store product demonstrations, and actively expanded the network with the addition of more than 3,800 sales
outlets to improve customer acquisition. In the overseas market, leveraging local user recognition, distribution
network and tailored new products for the local demand, such as split air conditioners that are quick to
disassemble and clean, and saddle inverter window air conditioners, the Company realized sales revenue
growth of 38% in the first three quarters. Meanwhile, the Company has improved its research and development
capabilities and cost competitiveness. In September, Casarte launched Yunding luxury air conditioner
featuring the world's first water-oxygen air washing technology. This technology can remove 7 types of
pollutants including PM2.5 using nano molecular water film while releasing negative oxygen ions, providing
smart and healthy air solutions. The Company continued cost optimization through measures such as
technological innovation and increasing proportion of modules manufactured in-house.
Commercial air conditioning segment
During the period, the Company provided customized air and energy solutions through continuous
technological breakthroughs and product and service upgrades.
In September, the Company launched smart laminar wind built-in products, equipped with industry’s first C-
bionic deflectors that supply air at 10° angle creating comfortable surrounding without direct blow, it also
meets demand for customized air solutions using four-sided air deflectors to separate air supply in different
spaces.
The Company strengthened heat pump products to seize growth opportunities. During the first three quarters,
heat pumps revenue grew by over 30%, with over 300% growth from overseas market. Within the domestic
market, the Company launched water heaters designed for small and medium-sized venues, featuring easy
installation, low noise level and 12% saving in energy consumption compared with previous models. In
European market, the Company capitalized localized facilities to develop new products with enhancement in
energy efficiency and connectivity, while expanding distribution network coverage with focus on heating
products specialist channels to capture growth opportunity.
4. Household water solutions
According to CMM, in the first three quarters of 2022, the Company’s share continued to lead the industry:
electric water heater’s retail sales market share amounted to 40% offline and 41.4% online, representing
year-on-year growth of 1.7 and 2.7 percentage points, respectively; gas water heater’s retail sales market
share reached 22.5% offline and 24.1% online, representing year-on-year growth of 2.6 and 2.3 percentage
points, respectively.
The Company’s water heater business enhanced user experience through technological innovations and
product structure upgrades: following the success of Casarte’s Crystal Tank Galaxy series, a new series of
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
double-tank electric water heaters were launched to cater to user demand for small size, appealing design and
large capacity; Haier's air-sourced heat pump water heater accelerated the development of products with high
water temperature, disinfection, variable frequency and energy conservation realizing over 300% revenue
growth overseas in the first three quarters. The zero cold water, air-sourced water heater LE1 heats up cold
water using air, which could save up to 76% electricity, it became number one in market share of units priced
above RMB 7,000 soon after launch. At the same time, the Company increased customer acquisition and
explored growth potential with expansion into home improvement channels and service offerings in local
communities.
(II) Overseas Home Appliance and Smart Home Business
In the first three quarters of 2022, the Company’s overseas business grew by 8.7% year-on-year. The steady
growth was attributable to the adherence to the “RenDanHeYi (人单合一)” Model; the efficient localized
R&D, manufacturing and marketing operations; seizing the growth opportunities of energy-efficient products,
heat pump and built-in products; brand premiumization to capture high-end market growth opportunities; and
the acceleration of localized supply chain development unlocking global synergies while coping with high
inflation and components shortage.
The American market: During the period, the Company continued to focus on high-end brands and high-end
differentiated new products, revenue of the Company’s high-end brands increased by over 40% in local
currency. Rapid development of new segments has been driven through continuously expanding the Air &
Water professional channel and competitive product mix. GEA was once again awarded Great Place to Work
Certification and was successfully listed among the “20 Best Large Workplaces in Manufacturing and
Production” by the Fortune Magazine.
The European market: During the period, the Company continued high-end transformation while seizing the
opportunity of energy-saving product and accelerating the development of localized supply chain to realize
high-end revenue growth of over 30% in local currency. During the period, the Company increased the price
index by launching new products such as Haier905CD refrigerators, new ultra-thin Ipro7plus washing
machines and 939 washing machines to meet demand for energy saving products, meanwhile the Company
quicky responded to market demand leveraging facilities from dishwasher, tumble dryer and kitchen appliance
factory in Turkey and the gradually ramped-up the refrigerator factories in Romania.
The Australian and New Zealand market: During the period, FPA focused on high-end transformation, its ultra-
premium products grew by over 40% in local currency; Haier’s high-end products grew over 55% in local
currency.
The South Asian market: The Company remained number one in Pakistan market, accelerated retail
transformation with increasing revenue contribution from mid-to-high-end products.
The Southeast Asian market: The Company adhered to its high-end brand strategy and accelerated Casarte’s
global expansion. In August, the first full-scenario smart home experience centre in the Southeast Asian market
was set up at Central World in Bangkok, Thailand, displaying a full house high-end smart home scenario
including smart kitchen, smart living room, smart bedroom, smart closet and smart bathroom.
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
The Japanese market: The Company continued high-end transformation with sales volume market share gains
in refrigerators, freezers and washing machines among which the share of retail sales volume of both
refrigerators and freezers became number one in the industry.
（III）Digital Transformation
During the period, the Company continued digital transformation to enhance user experience and operational
efficiency.
The digital user operation platform facilitates user scenarios and demand profiling, to iterate scenario
experience and improve recognition as well as rate of repeated purchase. In the first three quarters, 32.25
million new user members were added, representing year-on-year increase of 64%.
The lean manufacturing platform continuously improved efficiency in smart manufacturing, procurement,
supply chain and logistics. The Company initiated the transformation to a technology-based digital
procurement service platform and increased the proportion of components used on three or more SKUs;
utilizing automated production scheduling, precise planning and end-to-end information integration to match
vehicles, goods and materials, to achieve 30% improvement in efficiency level of logistics management in the
Company’s industrial parks.
The digital R&D platform promoted digital simulation design through the establishment of a global industrial
design platform. Meanwhile, the acceleration of module iteration, application of new materials and new
process has shortened new product design cycle by 30% globally with over 0.9% design cost optimization in
the third quarter.
II. Gross Profit Margin
The gross profit margin in the first three quarters of 2022 reached 30.5%, representing an increase of 0.2
percentage points as compared with the same period in 2021. Increase in gross profit margin was mainly
attributable to product mix upgrade with enhanced competitiveness, effective implementation of whole
process cost management in the supply chain and streamline of SKUs through R&D and whole process
collaboration in sales; improvement of management of tier 2 & 3 suppliers and increase of level of in-house
produced components, all of which aimed at improving the Company’s competitiveness of the entire value
chain.
III. Operating Expenses Ratio
1. The selling expense ratio in the first three quarters of 2022 was 14.9%, representing an improvement of
0.5 percentage points as compared with the same period in 2021. The improvement in selling expense ratio
was attributable to digitalization aiming at improving marketing precision and efficiency; integrating
manufacturing, distribution & logistics to improve fulfilment efficiency; transforming from indirect delivery
of service requirements by suppliers to system’s direct matching of user request and maintenance personnel;
accurate prediction of manufacturing and storage of spare parts & components using algorithm to reduce
spare parts expense ratio.
2. The administrative expense ratio in the first three quarters of 2022 was 4.2%, representing an
improvement of 0.3 percentage points as compared with the same period in 2021. The improvement in
administrative expense ratio was attributable to the digital transformation of the Company and our business
process redesign, which improved the efficiency of operation and personnel.
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
3. The research and development expense ratio in the first three quarter of 2022 was 4.0%, representing an
increase of 0.4 percentage points as compared with the same period in 2021. The increase in the research
and development expense ratio was mainly due to the strengthening of the core technology for the smart
home segment and efforts in our core capabilities to promote the advanced technology layout and product
innovation of various industries, and the construction of technical capabilities in the Three-Winged Bird
scenario brand.
4. The financial expense ratio in the first three quarters of 2022 was -0.3% (“+” as expense, “-” as revenue),
representing an improvement of 0.5 percentage points as compared with the same period in 2021. The
improvement of the financial expense ratio was attributable to the increase in interest income resulting from
the Company’s enhanced capital management efficiency and the increase in exchange gain resulting from
optimized foreign exchange management strategies.
IV. Working Capital
1. Trade and bill receivable turnover days
The trade and bill receivable turnover days of the Company was 43 days in the first three quarters of 2022,
representing a decrease of 3.6 days as compared to the end of 2021, which was attributable to the effective
control over trade and bill receivables of the Company.
2. Inventory turnover days
The inventory turnover days of was 84.3 days in the first three quarters of 2022, representing an increase of
3.5 days as compared to the end of 2021, demonstrating a positive trend as compared to the first two quarters,
which was mainly attributable to the increase in inventory costs in overseas markets due to the high cost of
bulk raw materials, inflation and surge in freight costs, as well as the shortage of labour in major regions
affecting port efficiency, and ports and warehouses affecting the speed of inventory turnover.
3. Trade and bill payable turnover days
In the first three quarters of 2022, trade and bill payable turnover days was 141.2 days, representing a decrease
of 4.5 days as compared to the end of 2021, which was attributable to the change in payment cycle arising
from the switch of procurement method.
V. Cash Flow Analysis
1. Net cash flow from operating activities for the first three quarters of 2022 amounted to RMB11.205 billion,
representing a decrease of RMB2.226 billion as compared to the corresponding period of 2021; among which,
the Company’s net cash flow from operating activities in the third quarter of 2022 amounted to RMB5.241
billion, representing an increase of 5.1% as compared to the corresponding period of 2021, achieving a quarter-
on-quarter improvement. This was due to the optimization of inventory turnover in the Company’s domestic
market through digital transformation and the sharing of channel inventory to improve order forecast accuracy
and trunk line shipment efficiency.
2. Net cash outflow from investing activities for the first three quarters of 2022 amounted to RMB7.262 billion,
representing an increase of RMB2.057 billion as compared to the corresponding period of 2021, which was
due to the cash outflow from the purchase of wealth management products and increase in industrial
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
investments for the period and cash inflow from the redemption of wealth management products in the same
period.
3. Net cash outflows from financing activities for the first three quarters of 2022 amounted to RMB3.148
billion, while net cash outflows in financing activities for the corresponding period of 2021 amounted to
RMB13.101 billion, which was due to the cash inflow from the additional issuance of H Shares and new
borrowings and the repayment of ultrashort-term facilities for the period.
VI. Capital Expenditure
The Company assesses its capital expenditure and investments in each segment in China and overseas from
time to time. The capital expenditure in the first three quarters of 2022 was RMB5.638 billion, of which
RMB2.845 billion and RMB2.793 billion were used in China and overseas, respectively, primarily for plant
and equipment construction, property rental, and digital infrastructure.
VII. Asset-liability Ratio
At the end of the third quarter in 2022, the Company’s asset-liability ratio was 59.5%, representing a decrease
of 3.2 percentage points as compared to the end of 2021, which was due to the increase in net profit and the
increase in total asset as a results of foreign currency translation.
(II) Non-recurring profit or loss items and amounts
Unit and Currency: RMB
Amounts from the beginning
Amounts in the Reporting
Items of the year to the end of the
Period
Reporting Period
Profit or loss from disposal of non-current assets 5,366,706.46 39,174,199.85
Government grants included in current profit or 167,361,833.42 602,192,298.85
loss, except that closely related to the normal
operating business, complied with requirements
of the national policies, continued to be granted
with the amount and quantity determined under
certain standards
Net profit or loss incurred by subsidiaries formed 8,461,133.81 12,934,615.51
by the consolidation of entities under common
control for the period from the beginning of the
period to the date of consolidation
Profit or loss on the changes in fair value -154,715,497.95 -95,465,761.41
generated from financial assets held for trading,
derivative financial assets, financial liabilities
held for trading and derivative financial liabilities
and the investment income received from
disposal of financial assets held for trading,
derivative financial assets, financial liabilities
held for trading, derivative financial liabilities
and other debt investment, other than the
effective hedging business relating to the
ordinary operating business of the Company
Other non-operating income and expenses other -18,004,247.28 16,278,064.98
than the above items
Less: amount of effect on income tax 13,077,224.68 111,128,082.03
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Amount of effect on minority interests (after tax) 9,429,162.44 19,631,027.09
Total -14,036,458.66 444,354,308.660
Description on categorizing the non-recurring profit or loss items listed in the Interpretative Announcement No. 1
of the Information Disclosure of the Companies Public Offering Securities — Non-recurring Profit or Loss (公开发行
证券的公司信息披露解释性公告第 1 号—非经常性损益) as recurring profit or loss item
□Applicable √Not Applicable
(III) Changes in major accounting data and financial indicators and reasons
√Applicable □Not Applicable
Percentage of
Items Main reasons
change (%)
Net profit after deduction of non-
recurring profit or loss attributable Mainly because of revenue growth and improved
33.91
to shareholders of the listed profitability of the Company
company for the Reporting Period
II. PARTICULARS OF SHAREHOLDERS
(I) Total number of ordinary shareholders and the number of preferential shareholders with restored voting rights and
the shareholdings of the top 10 shareholders
Unit: share
Total number of ordinary Total number of preferential shareholders with
shareholders as of the end of 138,374 restored voting rights as of the end of the N/A
the Reporting Period Reporting Period (if any)
Shareholdings of the top 10 shareholders
Number of Pledged, marked or
Percentage of shares held frozen
Nature of Number of
Name of shareholders shareholdings subject to
shareholders shares held
(%) trading
moratorium Status Number
HKSCC NOMINEES
Unknown 2,241,389,565 23.72 Unknown
LIMITED (Note)
Domestic non-
Haier COSMO Co., Ltd. state-owned 1,258,684,824 13.32 Nil
legal entity
Domestic non- Nil
Haier Group Corporation state-owned 1,072,610,764 11.35
legal entity
Hong Kong Securities Clearing Nil
Unknown 649,492,574 6.87
Company Limited
HCH (HK) INVESTMENT Nil
Foreign legal
MANAGEMENT CO., 538,560,000 5.70
entity
LIMITED
China Securities Finance Nil
Unknown 182,592,654 1.93
Corporation Limited
Qingdao Haier Venture & Domestic non- Nil
Investment Information Co., state-owned 172,252,560 1.82
Ltd. legal entity
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Qingdao Haichuangzhi Domestic non- Nil
Management Consulting state-owned 120,622,416 1.28
Enterprise (Limited Partnership) legal entity
Securities account for
repurchase of Haier Smart Others 85,342,743 0.90 Nil
Home Co., Ltd.
ALIBABA INVESTMENT
Unknown 83,823,993 0.89 Unknown
LIMITED
Shareholdings of the top 10 shareholders not subject to trading moratorium
Number of listed shares not subject to trading Class and number of shares
Name of shareholders
moratorium held Class Number
Overseas
HKSCC NOMINEES
2,241,389,565 listed foreign 2,241,389,565
LIMITED
shares
RMB ordinary
Haier COSMO Co., Ltd. 1,258,684,824 1,258,684,824
shares
RMB ordinary
Haier Group Corporation 1,072,610,764 1,072,610,764
shares
Hong Kong Securities Clearing RMB ordinary
649,492,574 649,492,574
Company Limited shares
HCH (HK) INVESTMENT Overseas
MANAGEMENT CO., 538,560,000 listed foreign 538,560,000
LIMITED shares
China Securities Finance RMB ordinary
182,592,654 182,592,654
Corporation Limited shares
Qingdao Haier Venture &
RMB ordinary
Investment Information Co., 172,252,560 172,252,560
shares
Ltd.
Qingdao Haichuangzhi
RMB ordinary
Management Consulting 120,622,416 120,622,416
shares
Enterprise (Limited Partnership)
securities account for repurchase RMB ordinary
85,342,743 85,342,743
of Haier Smart Home Co., Ltd. shares
Overseas
ALIBABA INVESTMENT
83,823,993 listed foreign 83,823,993
LIMITED
shares
Explanation of associations or (1) Haier COSMO Co., Ltd. is a holding subsidiary of Haier Group Corporation.
actions in concert among the Haier Group Corporation holds 51.20% of its equity. Each of Qingdao Haier Venture
above shareholders & Investment Information Co., Ltd., HCH (HK) INVESTMENT MANAGEMENT
CO., LIMITED and Qingdao Haichuangzhi Management Consulting Enterprise
(Limited Partnership) is a party acting in concert with Haier Group Corporation;
(2) The Company is not aware of the existence of any connections of other
shareholders.
Explanation of the top 10
shareholders and the top 10
shareholders not subject to
trading moratorium engaging in None
the margin trading and short
selling and refinancing business
(if any)
Note: HKSCC NOMINEES LIMITED is the collective nominee account for the shareholders of H shares of the
Company, which is the original data provided by China Hong Kong securities registration agency to the Company after
consolidation of figures according to local market practices and technical settings, not representing the ultimate
shareholder.
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
III. Miscellaneous
Other significant information regarding the Company’s operations during the Reporting Period should be brought
to the attention of investors
√ Applicable □Not Applicable
(1) External guarantees: As at the end of the Reporting Period, the external guarantees provided by the Company
and its subsidiaries were guarantees between the Company and its subsidiaries, the total balance of which
amounted to RMB9.936 billion, accounting for 10.84% of the Company’s latest net assets and 4.33% of the
latest total assets.
(2) Foreign exchange derivative: As at the end of the Reporting Period, the aggregate balance of the Company’s
foreign exchange derivative transaction amounted to approximately US$1.484 billion.
(3) Entrusted wealth management: By the end of the Reporting Period, the balance of the Company’s entrusted
wealth management amounted to RMB3.750 billion, including two parts: ① temporarily-idle fundraising wealth
management: at the end of December 2018, the Company’s proceeds for the issuance of convertible corporate
bonds were fully landed. To improve the yield of temporarily-idle funds, the Company intended to conduct cash
management with the amounts not exceeding RMB0.5 billion after approved by the Board. By the end of the
Reporting Period, the balance of the entrusted wealth management amounted to RMB175 million; ②
Temporary-idle funds wealth management by the Company and certain subsidiaries of the Company: Under the
premise of ensuring sufficient capital for the principal operating activities and daily operations, the Company
and some subsidiaries of the Company purchased some low risk wealth management products and structured
deposits from major commercial banks to improve the yield of temporarily-idle funds and the return for
shareholders within the authority of the general manager’s office meeting and under the condition of ensuring
fund safety. By the end of the Reporting Period, the balance of the entrusted wealth management amounted to
RMB3.575 billion.
(4) Progress of Employee Stock Ownership Plans and Share Option Incentive Scheme:
Progress of Employee Stock Ownership Plans: ①Completion of shares pool building of the A-share and
H-share Employee Stock Ownership Plans (2022): The Company introduced the H-share Core Employee
Stock Ownership Plan of Haier Smart Home Co., Ltd. for year 2022 (Draft) (“2022 H-share Employee Stock
Ownership Plan”), A-share Core Employee Stock Ownership Plan of Haier Smart Home Co., Ltd. for year 2022
(Draft) (“2022 A-share Employee Stock Ownership Plan”) at the 28th meeting of the 10th session of the Board
convened on 28 April 2022 upon the approval and authorization by the 2020 Annual General Meeting convened
on 25 June 2021. During the Reporting Period, the Company completed opening of accounts, and shares pool
12
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
building and other related work of the A-share and H-share Employee Stock Ownership Plan for year 2022. For
details, please refer to the Announcement of Haier Smart Home Co., Ltd. on the Completion of the Non-trading
Transfer of Shares for the 2022 A-share Core Employee Stock Ownership Plan and Announcement of Haier
Smart Home Co., Ltd. on the Completion of Share Purchase under the 2022 H-share Core Employee Stock
Ownership Plan disclosed on 22 July 2022 and 26 July 2022 respectively. ② Vesting of the 2021 A-share and
H-share Employee Stock Ownership Plans: According to relevant arrangement of the 2021 Plan under the A-
share Core Employee Stock Ownership Plan of Haier Smart Home Co., Ltd. (2021-2025) (Draft) (“2021 A-
share Employee Stock Ownership Plan”) and the 2021 Plan under the H-share Core Employee Stock Ownership
Plan of Haier Smart Home Co., Ltd. (2021-2025) (Draft) (“2021 H-share Employee Stock Ownership Plan”),
during the Reporting Period, the Company has completed relevant vesting of interests in the 2021 A-share and
H-share Employee Stock Ownership Plans: 1,500 participants under the 2021 A-share Employee Stock
Ownership Plan vested 7,617,080 shares (and the dividends received in respect of corresponding Shares) in
accordance with the 2021 annual results and the results of their individual appraisals; and 32 participants under
the 2021 H-share Employee Stock Ownership Plan vested 1,292,349 shares in accordance with the 2021 annual
results and the results of their individual appraisals. The asset management authority will dispose of H shares
held under the asset management plan in due course and allocate cash to the participants after considering the
dividends received in respect of H-share Stock Ownership Plan. For details, please refer to the announcement
on Vesting of Interests in A-share and H-share Core Employee Stock Ownership Plans (2021) of Haier Smart
Home Co., Ltd. disclosed by the Company on 27 July 2022.
Progress of Share Option Incentive Scheme: During the Reporting Period, there was no further progress on
the existing share option incentive scheme.
(5) Progress of the A-share repurchases: On 30 March 2022, the Company convened the 27th meeting of the
10th session of the Board, which considered and approved the Resolution in Relation to the Repurchase Plan of
a Portion of Public A Shares of Haier Smart Home Co., Ltd. It approved the Company to use its own funds to
repurchase a portion of A shares of the Company by way of centralised bidding. The repurchase price is no more
than RMB35 per share and the proposed total repurchase amount is no more than RMB3.0 billion and no less
than RMB1.5 billion. The period of this repurchase is within 12 months from the date the Board considered and
approved the resolution of repurchase of shares. As at the end of the Reporting Period, the Company had
repurchased a total of 58,105,239 shares. The highest price purchased was RMB 26.60 per share and the lowest
price was RMB 23.50 per share, and the amount paid was RMB 1,468,222,587.93. For details, please refer to
the announcement on the relevant progress disclosed by the Company monthly.
(6) Progress of the H-share repurchases: The Company convened the 2021 Annual General Meeting and related
Class Meetings on 28 June 2022, at which “Haier Smart Home Co., Ltd.’s Resolution on the General Meeting
to Grant a General Mandate to the Board to Decide to Repurchase Not More Than 10% of the Total Number of
H Shares of the Company in Issue” was passed after consideration and approval. According to the proposal, as
13
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
at the end of the Reporting Period, the Company repurchased a total of 5,855,600 H shares, with the highest
purchase price of HK$27.80 per share and the lowest price of HK$23.55 per share. The total amount (handling
charges inclusive) was HK$ 148,466,555.35. As at the end of the Reporting Period, 1,435,600 shares were
cancelled. For details, please refer to the announcement on the relevant progress disclosed by the Company
monthly.
IV. Quarterly Financial Statements
(I) Type of Audit Opinion
□Applicable √Not Applicable
(II) Financial Statements
Consolidated Balance Sheet
30 September 2022
Prepared by: Haier Smart Home Co., Ltd.
Unit and Currency: RMB Type of Audit: Unaudited
Items 30 September 2022 31 December 2021
Current assets:
Cash at bank and on hand 47,248,210,131.55 46,097,333,903.45
Provision of settlement fund
Funds lent
Financial assets held for trading 2,430,357,646.19 2,786,075,529.09
Derivative financial assets 223,930,355.88 79,819,974.01
Bills receivable 11,864,254,740.46 13,354,791,068.29
Accounts receivable 18,127,157,925.72 14,625,260,856.04
Financing receivables
Prepayments 945,347,513.93 863,748,085.06
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserves receivable
Other receivables 2,137,642,231.21 1,965,924,388.85
Including: Interest receivable
Dividend receivable
Financial assets purchased under resale
agreements
Inventories 39,247,697,712.06 39,913,949,898.86
Contract assets 448,578,618.99 304,434,294.70
Assets held for sale
Non-current assets due in one year
Other current assets 4,636,788,558.50 3,920,750,476.57
Total current assets 127,309,965,434.49 123,912,088,474.92
Non-current assets:
Loans and advances granted
Debt investments
Other debt investments
Long-term receivables 302,838,595.26 308,998,755.30
14
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Long-term equity investments 24,985,216,465.45 23,200,884,340.57
Investments in other equity instruments 4,856,952,963.09 4,856,684,944.63
Other non-current financial assets
Investment properties 26,740,710.42 24,964,888.48
Fixed assets 24,514,888,907.20 22,308,014,224.98
Construction in progress 5,484,675,628.20 4,183,263,398.79
Biological assets for production
Oil and gas assets
Right-of-use assets 3,832,330,605.00 2,734,678,906.53
Intangible assets 9,825,054,563.68 9,550,384,743.90
Development cost 311,359,410.10 227,892,229.13
Goodwill 23,908,333,847.12 21,827,103,060.76
Long-term prepaid expenses 830,170,726.95 589,143,077.89
Deferred income tax assets 1,576,303,757.83 1,857,448,518.29
Other non-current assets 1,842,822,412.31 2,164,384,013.14
Total non-current assets 102,297,688,592.61 93,833,845,102.39
Total assets 229,607,654,027.10 217,745,933,577.31
Current liabilities:
Short-term borrowings 14,122,160,966.11 11,226,212,134.39
Borrowings from central bank
Due to banks and other financial institutions
Financial liabilities held for
201,552,862.07 6,294,014.40
trading
Derivative financial liabilities 123,011,278.66 80,212,433.24
Bills payable 26,870,409,222.95 25,023,238,406.72
Accounts payable 38,240,800,953.92 42,363,218,840.33
Receipts in advance
Contract liabilities 6,137,137,399.15 10,027,091,593.60
Disposal of repurchased financial assets
Absorbing deposit and deposit in inter-bank
market
Customer deposits for trading in securities
Amounts due to issuer for securities
underwriting
Payables for staff's remuneration 3,282,617,260.03 4,119,425,287.60
Taxes payable 3,445,551,740.54 2,607,822,656.37
Other payables 19,257,476,634.31 17,570,339,925.76
Including: Interest payable
Dividend payable
Fees and commissions payable
Reinsurance Accounts payables
Liabilities held for sale
Non-current liabilities due within one year 8,666,272,603.12 9,624,339,170.46
Other current liabilities 1,526,463,705.53 2,238,767,551.40
Total current liabilities 121,873,454,626.39 124,886,962,014.27
Non-current liabilities:
Deposits for insurance contracts
Long-term borrowings 5,535,539,882.98 3,038,573,824.53
Bonds payable 334,730,048.82
Including: Preference shares
Perpetual bonds
Lease liabilities 2,897,775,841.92 1,960,894,981.47
Long-term payables 50,404,024.41 99,602,707.76
15
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Long-term payables for staff’s remuneration 1,229,249,288.57 1,173,151,761.64
Estimated liabilities 1,584,131,400.90 1,948,565,477.11
Deferred income 992,622,971.39 852,794,567.20
Deferred income tax liabilities 2,380,823,541.47 2,121,803,173.83
Other non-current liabilities 53,283,297.87 49,461,683.90
Total non-current liabilities 14,723,830,249.51 11,579,578,226.26
Total liabilities 136,597,284,875.90 136,466,540,240.53
Owners' equity (or shareholders' equity):
Paid-in capital (or share capital) 9,448,979,251.00 9,398,704,530.00
Other equity instruments 61,522,911.21 118,017,507.59
Including: Preference shares
Perpetual bonds
Capital reserve 23,701,273,706.03 22,665,374,739.46
Less: treasury stock 3,933,963,675.76 2,424,038,819.70
Other comprehensive income 3,488,428,803.28 -1,176,851,699.92
Special reserve
Surplus reserve 3,438,615,909.84 3,438,615,909.84
General risk provisions
Undistributed profits 55,496,963,627.15 47,968,582,696.34
Total equity attributable to
owners (or shareholders) of the Parent 91,701,820,532.75 79,988,404,863.61
Company
Minority shareholders' interests 1,308,548,618.45 1,290,988,473.17
Total owners' equity (or shareholders'
93,010,369,151.20 81,279,393,336.78
equity)
Total liabilities and owners' equity (or
229,607,654,027.10 217,745,933,577.31
shareholders' equity)
Person in charge of the Company: Li Huagang
Person in charge of accounting function: Gong Wei
Person in charge of accounting department: Ying Ke
Consolidated Profit Statement
January-September 2022
Prepared by: Haier Smart Home Co., Ltd.
Unit and Currency: RMB Type of Audit: Unaudited
2022 First Three Quarters 2021 First Three Quarters
Items
(January-September) (January-September)
Ⅰ. Total operating revenue 184,748,766,010.10 169,630,543,025.11
Including: Operating revenue 184,748,766,010.10 169,630,543,025.11
Interest income
Insurance premiums earned
Fee and commission income
Ⅱ. Total cost of operations 171,059,935,566.06 158,989,409,056.10
Including: Operating cost 128,420,660,940.15 118,237,307,500.10
Interest expenses
Fee and commission expenses
Insurance withdrawal payment
Net payment from indemnity
Net provisions withdrew for
insurance liability
16
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Insurance policy dividend paid
Reinsurance cost
Taxes and surcharges 586,645,797.49 563,493,265.16
Selling expenses 27,495,171,353.69 26,105,893,471.52
Administrative expenses 7,730,615,601.97 7,581,414,926.55
R&D expenses 7,454,325,650.86 6,204,376,866.04
Financial expenses -627,483,778.10 296,923,026.73
Including: Interest expenses 608,790,686.91 542,545,167.05
Interest income 585,949,999.41 402,091,166.02
Add: other income 773,917,912.51 636,325,315.35
investment income (losses are
1,510,411,067.36 1,663,997,957.58
represented by “-”)
Including: Investment income
of associates and joint ventures
Income generated from
the derecognition of financial assets
measured at amortized cost
Exchange gain (losses are
represented by “-”)
Gains on net exposure hedges
(losses are represented by “-”)
Income from change in fair
-272,599,270.19 39,767,883.33
value (losses are represented by “-”)
Loss on credit impairment
-328,043,205.17 -141,683,845.18
(losses are represented by “-”)
Loss on assets impairment
-916,823,397.27 -728,421,071.61
(losses are represented by “-”)
Gain from disposal of assets
36,559,385.16 207,581,603.71
(losses are represented by “-”)
Ⅲ. Operating profit (losses are
14,492,252,936.44 12,318,701,812.19
represented by “-”)
Add: non-operating income 104,463,851.85 148,079,082.27
Less: non-operating expenses 97,149,423.40 104,871,380.73
Ⅳ. Total profit (total losses are
14,499,567,364.89 12,361,909,513.73
represented by “-”)
Less: income tax expense 2,788,108,728.73 2,281,611,404.20
Ⅴ. Net profit (net losses are
11,711,458,636.16 10,080,298,109.53
represented by “-”)
(I) Classification by continuous operation
1.Net profit from continuous
operation (net losses are 11,711,458,636.16 10,080,298,109.53
represented by “-”)
2. Net profit from discontinued
operation (net losses are represented by
“-”)
(II) Classification by ownership of the equity
1. Net profit attributable to
shareholders of the Parent
11,665,606,491.29 9,948,760,485.45
Company (net losses are
represented by “-”)
2. Profit or loss attributable to
minority shareholders (net losses are 45,852,144.87 131,537,624.08
represented by “-”)
17
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
VI. Other comprehensive income, net
4,664,174,077.37 768,015,269.00
of tax
(I) Other comprehensive income
attributable to shareholders of the 4,665,280,503.20 776,465,493.58
Parent Company, net of tax
1. Other comprehensive income
that cannot be reclassified into the -115,981,350.82 1,180,689,883.33
profit or loss
(1) Changes arising from re-
9,178,508.68 -355,977.81
measurement of defined benefit plans
(2) Other comprehensive income
that cannot be transferred into profit or
loss under equity method
(3) Changes in fair value of
-125,159,859.50 1,181,045,861.14
investments in other equity instruments
(4) Changes in fair value of credit
risks of the enterprise
2. Other comprehensive income to
4,781,261,854.02 -404,224,389.75
be reclassified into the profit or loss
(1) Other comprehensive income
that can be transferred into profit or 254,600,418.32 37,327,753.73
loss under equity method
(2) Changes in fair value of other
debt investments
(3) Reclassified financial assets
that are credited to other
comprehensive income
(4) Credit impairment provision
for other debt investments
(5) Reserve for cash flow hedging 17,514,162.27 116,947,915.82
(6) Exchange differences on
translation of financial statements 4,509,147,273.43 -558,500,059.30
denominated in foreign currencies
(7) Others
(II) Other comprehensive income
attributable to minority shareholders, -1,106,425.83 -8,450,224.58
net of tax
Ⅶ. Total comprehensive income 16,375,632,713.53 10,848,313,378.53
(I) Total comprehensive income
attributable to the owners of Parent 16,330,886,994.49 10,725,225,979.03
Company
(II) Total comprehensive income
attributable to the minority 44,745,719.04 123,087,399.50
shareholders
Ⅷ. Earnings per share:
(I) Basic earnings per share
1.25 1.07
(RMB/share)
(II) Diluted earnings per share
1.24 1.06
(RMB/share)
For the business combinations under common control in the Period, the net profit of the parties consolidated before
consolidation was: RMB12,934,615.51 and the net profit of the parties consolidated in the Previous Period was:
RMB14,148,977.07.
18
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Person in charge of the Company: Li Huagang
Person in charge of accounting function: Gong Wei
Person in charge of accounting department: Ying Ke
Consolidated Cash Flow Statement
January-September 2022
Prepared by: Haier Smart Home Co., Ltd.
Unit and Currency: RMB Type of Audit: Unaudited
Items 2022 First Three Quarters 2021 First Three Quarters
(January-September) (January-September)
I. Cash flow from operating activities:
Cash received from the sale of goods and
193,014,949,639.46 173,785,216,616.87
rendering services
Net increase in customer and inter-bank
deposits
Net increase in borrowing from the central
bank
Net cash increase in borrowing from other
financial institutes
Cash received from premiums under original
insurance contract
Net cash received from reinsurance business
Net increase in deposits of policy holders and
investment
Cash received from interest, fee and
commissions
Net increase in placement from banks and
other financial institutions
Net increase in cash received from repurchase
operation
Net cash received from customer deposits for
trading in securities
Refunds of taxes 1,659,267,644.41 1,376,835,032.38
Cash received from other related operating
1,877,509,284.85 1,626,620,923.35
activities
Sub-total of cash inflows from operating
196,551,726,568.72 176,788,672,572.60
activities
Cash paid on purchase of goods and services 137,882,924,979.87 118,834,422,942.06
Net increase in loans and advances of
customers
Net increase in deposits in the PBOC and
inter-bank
Cash paid for compensation payments under
original insurance contract
Net increase in cash lent
Cash paid for interest, bank charges and
commissions
Cash paid for insurance policy dividend
Cash paid to and on behalf of employees 20,337,615,411.35 18,927,171,597.36
Cash paid for all types of taxes 7,941,937,191.26 7,599,356,867.59
Cash paid to other operation related activities 19,184,175,148.47 17,996,714,833.85
19
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Sub-total of cash outflows from operating
185,346,652,730.95 163,357,666,240.86
activities
Net cash flow from operating activities 11,205,073,837.77 13,431,006,331.74
II. Cash flow from investing activities:
Cash received from recovery of investments 8,170,465,135.63 4,665,552,636.62
Cash received from return on investments 483,988,185.56 580,120,778.24
Net cash received from the disposal of fixed
assets, intangible assets and other long-term 224,933,210.37 42,303,385.93
assets
Net cash received from disposal of subsidiaries
and other operating entities
Other cash received from investment activities
Sub-total of cash inflows from investing
8,879,386,531.56 5,287,976,800.79
activities
Cash paid on purchase of fixed assets,
5,638,070,348.20 4,909,673,638.17
intangible assets and other long-term assets
Cash paid for investments 10,460,343,361.49 5,582,993,847.32
Net increase in secured loans
Net cash paid on acquisition of subsidiaries
42,709,125.00
and other operating entities
Other cash paid on investment activities 250,000.00
Sub-total of cash outflows from investing
16,141,122,834.69 10,492,917,485.49
activities
Net cash flow from investing activities -7,261,736,303.13 -5,204,940,684.70
III. Cash flow from financing activities:
Cash received from capital contributions 988,339,004.94 39,420,000.00
Including: Cash received from capital
contributions by minority shareholders of
subsidiaries
Cash received from borrowings 10,842,224,965.32 7,143,577,184.22
Other cash received from financing activities 1,027,793.89
Sub-total of cash inflows from financing
11,831,591,764.15 7,182,997,184.22
activities
Cash paid on repayment of loans 7,537,727,848.91 12,788,537,940.13
Cash paid on distribution of dividends, profits
4,920,351,111.41 3,872,132,619.21
or repayment of interest expenses
Including: Dividend and profit paid to
minority shareholders by subsidiaries
Other cash paid to financing activities 2,521,143,250.83 3,622,853,443.72
Sub-total of cash outflows from financing
14,979,222,211.15 20,283,524,003.06
activities
Net cash flow from financing activities -3,147,630,447.00 -13,100,526,818.84
IV. Effect of fluctuations in exchange rates on
587,737,106.90 -19,753,211.46
cash and cash equivalents
V. Net increase in cash and cash equivalents 1,383,444,194.54 -4,894,214,383.26
Add: balance of cash and cash equivalents at
45,197,664,411.15 45,790,589,785.11
the beginning of the period
VI. Balance of cash and cash equivalents at
46,581,108,605.69 40,896,375,401.85
the end of the period
Person in charge of the Company: Li Huagang
Person in charge of accounting function: Gong Wei
Person in charge of accounting department: Ying Ke
20
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
BALANCE SHEET OF THE PARENT COMPANY
30 September 2022
Prepared by: Haier Smart Home Co., Ltd.
Unit and Currency: RMB Type of Audit: Unaudited
Items 30 September 2022 31 December 2021
Current Assets:
Monetary funds 5,791,229,255.11 4,043,535,735.48
Financial assets held for trading
Derivative financial assets
Bills receivable
Accounts receivable 780,498,930.45 546,532,442.90
Financing receivables
Prepayments 3,615,344.36 275,052,864.92
Other receivables 17,069,176,344.85 16,245,280,168.41
Including: Interests receivable
Dividends receivable
Inventories 4,163,975.06 1,139,135.32
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 1,545,071,814.68 337,476,209.01
Total current assets 25,193,755,664.51 21,449,016,556.04
Non-current assets:
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 52,693,182,918.25 52,513,760,277.77
Investments in other equity instruments 1,615,450,032.92 1,615,450,032.92
Other non-current financial assets
Investment properties
Fixed assets 174,728,769.16 179,789,817.34
Construction in progress 8,671,974.80 17,569,516.17
Biological assets for production
Oil and gas assets
Right-of-use assets 572,793.64 1,217,186.49
Intangible assets 49,972,506.09 55,171,485.39
Development cost
Goodwill
Long-term prepaid expenses 4,125,658.11 3,781,398.54
Deferred income tax assets 159,338,211.77 159,338,211.77
Other non-current assets 1,294,805,641.19 803,323,404.28
Total non-current assets 56,000,848,505.93 55,349,401,330.67
Total assets 81,194,604,170.44 76,798,417,886.71
Current liabilities:
Short-term borrowings
Financial liabilities held for trading
Derivative financial liabilities
Bills payable
Accounts payable 400,898,107.13 183,690,889.86
Receipts in advance
Contract liabilities 12,605,139.93 12,605,139.93
Payables for staff’s remuneration 472,772.21 12,323,670.21
21
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Taxes payable 1,815,444.38 1,747,023.87
Other payables 40,258,012,985.69 34,484,355,762.60
Including: Interests payable
Dividends payable
Liabilities held for sale
Non-current liabilities due within one
897,357.83 877,995.65
year
Other current liabilities 10,962,218.09 5,420,156.55
Total current liabilities 40,685,664,025.26 34,701,020,638.67
Non-current liabilities:
Long-term borrowings 2,095,000,000.00
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 35,174.64
Long-term payable
Long-term payables for staff’s
remuneration
Estimated liabilities
Deferred income 11,730,000.00 19,270,000.00
Deferred income tax liabilities 448,965,654.25 448,965,654.25
Other non-current liabilities
Total non-current liabilities 2,555,730,828.89 468,235,654.25
Total liabilities 43,241,394,854.15 35,169,256,292.92
Owners’ equity (or shareholders’ equity):
Paid-in capital (or share capital) 9,448,979,251.00 9,398,704,530.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserve 27,127,336,363.07 25,802,279,483.13
Less: treasury stock 2,384,298,464.51 1,495,170,675.08
Other comprehensive income 628,672,092.39 621,302,944.83
Special reserve
Surplus reserve 2,833,469,684.39 2,833,469,684.39
Undistributed profits 299,050,389.95 4,468,575,626.52
Total owners’ equity (or
37,953,209,316.29 41,629,161,593.79
shareholders’ equity)
Total liabilities and owners’
81,194,604,170.44 76,798,417,886.71
equity (or shareholders’ equity)
Person in charge of the Company: Li Huagang
Person in charge of accounting function: Gong Wei
Person in charge of accounting department: Ying Ke
INCOME STATEMENT OF THE PARENT COMPANY
January-September 2022
Prepared by: Haier Smart Home Co Ltd
Unit and Currency: RMB Type of Review: Unaudited
2022 First Three Quarters 2021 First Three Quarters
Items
(January-September) (January-September)
I. Operating revenue 274,409,829.17 282,627,387.89
Less: operation cost 237,958,102.39 250,796,772.51
22
Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Taxes and surcharges 1,502,873.54 1,351,608.50
Selling expenses 8,343,662.82 7,478,824.40
Administration expenses 623,648,918.13 146,787,481.58
R&D expenses 9,536,280.96 21,112,507.42
Financial expenses -93,676,340.74 -35,035,017.13
Including: Interest expenses 19,056,720.15 7,418,669.79
Interest income 107,726,590.75 45,197,307.08
Add: other income 29,030,565.58 44,167,407.90
Investment income (losses are
601,413,493.57 155,190,804.76
represented by “-”)
Including: Investment income
of associates and joint ventures
Derecognition income on
financial assets measured at amortized
cost
Gains on net exposure hedges
(losses are represented by “-”)
Income from change in fair
value (losses are represented by “-”)
Loss on credit impairment
116,780.20 -6,483,242.76
(losses are represented by “-”)
Loss on assets impairment
(losses are represented by “-”)
Gain from disposal of assets
35,074,022.45 142,444,000.00
(losses are represented by “-”)
II. Operating profit (losses are
152,731,193.87 225,454,180.51
represented by “-”)
Add: non-operating income 208,515.11 825,303.28
Less: non-operating expenses 28,698.02 50,687.25
III. Total profit (total losses are
152,911,010.96 226,228,796.54
represented by “-”)
Less: income tax expenses -12,574,040.98
IV. Net profit (net losses are
152,911,010.96 238,802,837.52
represented by “-”)
(I) Net profit from continuous
operation (net losses are represented by 152,911,010.96 238,802,837.52
“-”) -
(II) Net profit from discontinued
operation (net losses are represented by
“-”)
V. Other comprehensive income net of
7,369,147.56 623,136,686.70
tax
(I) Other comprehensive income that
cannot be reclassified into the profit or 602,410,858.54
loss
1.Changes arising from re-
measurement of defined benefit plans
2.Other comprehensive income
that cannot be transferred into profit or
loss under equity method
3. Changes in fair value of
602,410,858.54
investments in other equity instruments
4. Changes in fair value of credit
risks of the enterprise
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
(II) Other comprehensive income to
7,369,147.56 20,725,828.16
be reclassified into the profit or loss
1. Other comprehensive income
that can be transferred into profit or 7,369,147.56 20,725,828.16
loss under equity method
2.Changes in fair value of other
debt investments
3. Reclassified financial assets that
are credited to other comprehensive
income
4.Credit impairment provision for
other debt investments
5.Reserve for cash flow hedging
6.Exchange differences on
translation of financial statements
denominated in foreign currencies
7. Others
VI. Total comprehensive income 160,280,158.52 861,939,524.22
VII. Earnings per share:
(I) Basic earnings per share
(RMB/share)
(II) Diluted earnings per share
(RMB/share)
Person in charge of the Company: Li Huagang
Person in charge of accounting function: Gong Wei
Person in charge of accounting department: Ying Ke
CASH FLOW STATEMENT OF THE PARENT COMPANY
January-September 2022
Prepared by: Haier Smart Home Co., Ltd.
Unit and Currency: RMB Type of Review: Unaudited
Items 2022 First Three Quarters 2021 First Three Quarters
(January-September) (January-September)
I. Cash flow from operating activities:
Cash received from the sale of goods and
364,344,810.90 5,212,025,027.75
rendering of services
Refunds of taxes 19,589,497.52 43,690,364.62
Other cash received from operating
235,437,891.28 223,792,006.86
activities
Sub-total of cash inflows from operating
619,372,199.70 5,479,507,399.23
activities
Cash paid on purchase of goods and
189,272,450.16 82,561,899.07
services
Cash paid to and on behalf of employees 33,298,564.72 149,711,180.55
Cash paid for all types of taxes -16,023,080.78 38,215,278.27
Other cash paid to operation activities 244,978,820.70 118,400,474.19
Sub-total of cash outflows from
451,526,754.80 388,888,832.08
operating activities
Net cash flow from operating activities 167,845,444.90 5,090,618,567.15
II. Cash flow from investing activities:
Cash received from recovery of
2,529,920,000.00 429,100,000.00
investments
Cash received from return on investments 101,858,820.49 181,712,675.53
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Haier Smart Home Co., Ltd. 2022 Third Quarter Report
Net cash received from the disposal of
fixed assets, intangible assets and other long- 35,206,354.85 6,626,677.00
term assets
Net cash received from disposal of
subsidiaries and other operating entities
Other cash received from investment
8,456,180.95
activities
Sub-total of cash inflows from investing
2,675,441,356.29 617,439,352.53
activities
Cash paid on purchase of fixed assets
23,441,195.66 35,030,633.27
intangible assets and other long-term assets
Cash paid for investments 4,064,405,507.20 356,500,000.00
Net cash paid on acquisition of
subsidiaries and other operating entities
Other cash paid on investment activities 1,964,600,000.00 110,618,996.43
Sub-total of cash outflows from
6,052,446,702.86 502,149,629.70
investing activities
Net cash flow from investing
-3,377,005,346.57 115,289,722.83
activities
III. Cash flow from financing activities:
Cash received from capital contributions 940,041,004.94
Cash received from borrowings 2,100,000,000.00
Other cash received from financing
7,841,605,940.88 274,916,813.36
activities
Sub-total of cash inflows from financing
10,881,646,945.82 274,916,813.36
activities
Cash paid on repayment of borrowings 5,000,000.00 5,520,000,000.00
Cash paid on distribution of dividends,
4,330,409,094.41 3,446,302,068.48
profits or interest expenses
Other cash paid on financing activities 1,604,643,065.80 3,085,941,189.00
Sub-total of cash outflows from
5,940,052,160.21 12,052,243,257.48
financing activities
Net cash flow from financing
4,941,594,785.61 -11,777,326,444.12
activities
IV. Effect of fluctuations in exchange rates
15,258,635.69 -91,028.42
on cash and cash equivalents
V. Net increase in cash and cash equivalents 1,747,693,519.63 -6,571,509,182.56
Add: balance of cash and cash equivalents
4,043,535,735.48 8,286,549,909.64
at the beginning of the period
VI. Balance of cash and cash equivalents at
5,791,229,255.11 1,715,040,727.08
the end of the period
Person in charge of the Company: Li Huagang
Person in charge of accounting function: Gong Wei
Person in charge of accounting department: Ying Ke
The adjustments of the relevant items of the financial statements at the beginning of the year due to the first
implementation of new accounting standards or interpretations to accounting standards since 2022
□Applicable √Not Applicable
The Board of Haier Smart Home Co., Ltd.
28 October 2022
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