On August 28, HAIER SMARTHOME fell 3.55% at open, trading at HK$20.66 with turnover of HK$5.19 million. The decline follows the company's interim results released the prior evening showing a significant profit shortfall.

The company reported H1 revenue of RMB 152.1 billion, down 2.8% year-over-year, while net profit attributable to shareholders fell 14.27% to RMB 10.3 billion. The profit decline was primarily driven by a RMB 15.86 billion adverse swing in foreign exchange effects — the company recorded RMB 7.04 billion in FX losses versus RMB 8.82 billion in FX gains in the prior-year period. Domestically, appliance industry retail declined 9.9% as trade-in subsidy effects faded, while the U.S. market faced pressure from high inflation and weak housing demand. Operating cash flow fell 12.45% to RMB 9.75 billion. Separately, two vice presidents resigned on the same day citing role changes, though the company stated operations remain unaffected.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)