<div id="readability-page-1"><div> By Megan Cheah <pre></pre> Haier Smart Home reported a rise in 2025 net profit, but its fourth-quarter profit is estimated to have declined amid weak retail demand in China. The Chinese home appliance maker's net profit for the year gained 4.4% to 19.55 billion yuan, equivalent to $2.83 billion, the company said Thursday. Revenue added 5.7% to 302.33 billion yuan. Despite the full-year gains, the results implied that Haier's fourth-quarter revenue and earnings missed market consensus estimates, said Jefferies analysts in a note. The analysts estimate revenue for the three months ended December fell 7.0% compared with the same period a year earlier, and the market's expectations for an around 5.0% rise. Net profit for the period likely plunged 39% on year, which Jefferies sees as a major miss of a flattish consensus forecast. The quarterly revenue decline was partly driven by weak retail demand in China, Jefferies reckons. U.S. demand pull-forward effects and new capacity likely also caused a price war, it added. Haier's board has proposed a final dividend of 8.867 yuan for every 10 shares held. Its total cash dividend payout ratio was around 55% of profit attributable, the company said. The board's chair Li Huagang said the company planned to raise its 2026 cash dividend payout ratio to no less than 58%, and lift it further to no less than 60% for 2027 and 2028. The company is also seeking to buy back between 3.0 billion yuan and 6.0 billion yuan worth of Shanghai-listed shares as part of its employee share ownership plans or equity incentives. Haier set its maximum repurchase price at 35.0 yuan a share, which implies around 0.91% to 1.83% of its total share capital, it said. The buy backs will be funded internally, it said. Haier's Hong Kong shares last closed 3.55% lower at 22.82 Hong Kong dollars, while its China-listed shares ended 2.0% lower at 23.11 yuan, before the results. <pre></pre> Write to Megan Cheah at megan.cheah@wsj.com <pre></pre> (END) Dow Jones Newswires March 26, 2026 20:55 ET (00:55 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

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Haier Smart Home reported a 4.4% increase in 2025 net profit to 19.55 billion yuan, but its fourth-quarter profit is expected to have declined by 39% due to weak retail demand in China. Revenue for the year rose 5.7% to 302.33 billion yuan, yet fourth-quarter revenue likely fell 7.0%, missing market expectations. The company plans to increase its cash dividend payout ratio and buy back shares worth 3.0 to 6.0 billion yuan. Haier's shares closed lower following the announcement.

Haier Smart Home 2025 Profit Rose, But Quarterly Net Likely Declined