<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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海尔智家报告称，2025 年净利润增长 4.4%，达到 195.5 亿元，但由于中国零售需求疲软，第四季度利润预计下降 39%。全年收入增长 5.7%，达到 3023.3 亿元，但第四季度收入可能下降 7.0%，未能达到市场预期。公司计划提高现金分红支付比例，并回购价值 30 亿至 60 亿元的股份。公告发布后，海尔的股价下跌

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

MorningStar

海尔智家 2025 年利润有所增长，但季度净利润可能出现下降