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Consumer Durables

Haier Electronics Group Co., Ltd.

Business Summary

Haier Electronics Group Co., Ltd. is a home appliance manufacturer company, which engages in the research, development, production, and sale of washing machines and water heaters. The firm also engages in the integrated channel services business for other home appliance products, such as refrigerators, televisions, and air-conditioners of both Haier and non-Haier brands. It operates through the following segments: Washing Machine, Water Heater, Integrated Channel Services, and Logistics Business. The Washing Machine segment manufactures and sells top load, front load, agitator, and dual-drive washing machines. The Water Heater segment manufactures and sells various types of water heaters, including electric, gas, solar, and gas boilers in the mechanical, electric, and network-based categories. The Integrated Channel Services segment provides logistics, after-sale and other value-added consumer services, as well as sells and distributes home appliances and other products procured from Haier affiliates and other external parties. The Logistics Business segment provides logistics services. Its brands include Casarte, Haier, and Leader. The company was founded on September 23, 1997 and is headquartered in Hong Kong.

Financial Highlights

Dec 2019 HKDUSD
Revenue86,041.54M10,981.41M
Gross Profit19,055.37M2,432.02M
Operating income3,851.32M491.54M
Income before tax5,659.74M722.34M
Net income4,648.51M593.28M
EBITDA4,268.63M544.80M
Diluted EPS2.700.34
Dividends Per Share0.490.06
Total Assets55,994.52M7,186.34M
Total liabilities22,841.68M2,931.50M
Total equity32,685.56M4,194.86M
Operating cash flow5,521.66M704.72M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 77,494.80M 74,609.22M 90,794.84M 90,416.00M 86,041.54M
Gross Profit 12,653.08M 13,215.35M 16,632.65M 19,396.14M 19,055.37M
Operating income 3,364.00M 3,362.66M 4,133.71M 4,398.61M 3,851.32M
Income before tax 4,110.29M 4,081.69M 4,975.68M 5,367.83M 5,659.74M
Net income 3,334.09M 3,254.46M 3,841.97M 4,308.92M 4,648.51M
EBITDA 3,699.88M 3,714.71M 4,518.33M 4,660.54M 4,268.63M
Diluted EPS 1.19 1.15 1.36 1.61 2.70
Dividends Per Share 0.12 0.17 0.29 0.38 0.49
Total Assets 36,160.04M 40,461.82M 52,405.34M 54,596.59M 55,994.52M
Total liabilities 17,375.31M 19,898.30M 24,758.55M 24,735.54M 22,841.68M
Total equity 17,649.76M 19,534.70M 24,976.97M 27,380.43M 32,685.56M
Operating cash flow 3,115.19M 4,259.76M 4,889.65M 5,373.14M 5,521.66M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 9,996.01M 9,611.54M 11,651.09M 11,536.26M 10,981.41M
Gross Profit 1,632.11M 1,702.47M 2,134.35M 2,474.77M 2,432.02M
Operating income 433.92M 433.19M 530.45M 561.22M 491.54M
Income before tax 530.18M 525.82M 638.49M 684.88M 722.34M
Net income 430.06M 419.25M 493.01M 549.77M 593.28M
EBITDA 477.24M 478.54M 579.80M 594.64M 544.80M
Diluted EPS 0.15 0.14 0.17 0.20 0.34
Dividends Per Share 0.01 0.02 0.03 0.04 0.06
Total Assets 4,665.72M 5,218.75M 6,703.76M 6,973.32M 7,186.34M
Total liabilities 2,241.93M 2,566.47M 3,167.14M 3,159.33M 2,931.50M
Total equity 2,277.34M 2,519.58M 3,195.08M 3,497.15M 4,194.86M
Operating cash flow 401.82M 548.76M 627.45M 685.56M 704.72M

Valuation Measures

Dec 2019
PER8.94
ROA8.40%
ROE15.47%
Operating margin4.47%
Profit margin5.40%

Key executives

  • Chief Executive Officer & Executive Director: Ju Zhi Xie
  • Executive Director: Hua Gang Li
  • Chief Financial Officer: Bo Zhan
  • Deputy General Manager: Xiao Wu Huang
  • GM-Commercial Water Purification Division: Gui Nan Qu

Shareholders

    Contact Details

    • Website:http://www.haier.hk
    • Address: The Center, 99 Queen's Road Central, Hong Kong, Hong Kong
    • Phone: +852.2169.0000

    Related Companies

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    • Jiangsu Goodaymart Huadong Logistic Co. Ltd.
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    • Haier Holdings (BVI) Ltd.
    • Foreland Agents Ltd.
    • Haier Electronics Sales (HK) Co., Ltd.
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    • Chongqing Haier Water Heater Co., Ltd.
    • Qingdao Haier Washing Machine Co., Ltd.
    • Chongqing New Goodaymart Appliance Sales Co., Ltd.
    • Qingdao New Goodaymart Logistics Service Co., Ltd.

    Competitors

    • A. O. Smith Corporation
    • TCL Electronics Holdings Limited
    • Hisense Home Appliances Group Co. Ltd. Class H
    • Guangdong Vanward New Electric Co., Ltd. Class A
    • Noritz Corporation
    • Rinnai Corporation
    • Midea Group Co. Ltd. Class A
    • Panasonic Corporation
    • Whirlpool China Co., Ltd. Class A
    • JD.com, Inc. Class A
    • Xiaomi Corp. Class B
    • Samsung Electronics Co., Ltd.
    • Alibaba Group Holding Ltd.
    • Guangdong Shunna Electric Co., Ltd. Class A
    • Pinduoduo, Inc. Sponsored ADR Class A
    • Siemens AG
    • Unilever PLC
    • Whirlpool Corporation
    • Airmate (Cayman) International Co., Ltd.
    • Skyworth Group Limited
    Last Updated on 23 Dec, 2020

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