Haier(海尔)
Fast facts
- Year Founded
- 1984
Source: Haier Company Overviewsmart-home.haier.com/en/gsgk/
- HQ Location
- Qingdao, Shandong, China
- Publicly Traded?
- Yes
Source: Hong Kong Stock Exchangewww.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote
- Overseas Operations
- Yes
Haier manufactures and sells a comprehensive portfolio of home appliance products as well as provides value-added services to users in more than 160 countries and regions including North America, Europe, South Asia and Southeast Asia, Australia, New Zealand, Japan, Middle East, and Africa.Source: Haier Annual Report 2020smart-home.haier.com/en/gpxx/iv/P020210429639454409151.pdf
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
2020 revenue was reported in RMB and was converted to dollars using the exchange rate from November 15, 2021.Source: Haier Annual Report 2020smart-home.haier.com/en/gpxx/iv/P020210429639454409151.pdf
*2020 revenue was reported in RMB and was converted to dollars using the exchange rate from November 15, 2021.
Valuation
Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:49:59.Source: Yahoo Financefinance.yahoo.com/quote/6690.HK/key-statistics
*Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:49:59.
Employees
Source: Haier Company Overviewsmart-home.haier.com/en/gsgk/
Haier Smart Home Co., LTD. (formerly known as “Qingdao Haier”), headquartered in Qingdao, China, is a smart home ecological brand that customizes better life solutions for global users. The company mainly engages in the research, development, production and sales of smart home appliances such as refrigerators/freezers, washing machines, air conditioners, water heaters, kitchen appliances, small home appliances and smart home scene solutions. Its oversea business covers five continents, namely Asia, Europe, America, Australia, and Africa.
With support from Huawei and China Mobile, Haier, China’s largest consumer electronics and home appliance producer, successfully applied innovative manufacturing solutions combining 5G and mobile edge computing in its smart factories. The three announced the breakthroughs in Qingdao, China on November 12, 2021.
Source: Haier Company Overviewsmart-home.haier.com/en/gsgk/Source: Huawei Newswww.huawei.com/en/news/2021/11/huawei-haier-joint-innovation-5g-edge-computing
-
- Name
- Ownership
-
- HKSCC Nominees
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 23.3%
- HKSCC Nominees
-
- Haier Electric Appliances Internation
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 13.4%
- Haier Electric Appliances Internation
-
- Haier Group
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 11.42%
- Haier Group
-
- Hong Kong Securities Clearing Company Limited (HKSCC)
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 5.91%
- Hong Kong Securities Clearing Company Limited (HKSCC)
-
- HCH (HK) Investment Management
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 5.73%
- HCH (HK) Investment Management
-
- China Securities Finance
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 1.94%
- China Securities Finance
-
- Qingdao Haier Venture Capital Consulting
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 1.83%
- Qingdao Haier Venture Capital Consulting
-
- Qingdao Haichuangzhi Management Consulting
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 1.04%
- Qingdao Haichuangzhi Management Consulting
-
- China Merchants Bank Co., Ltd.-Xingquan Herun Hybrid Securities Investment Fund
Source: Qichachawww.qcc.com/firm/811db4809c44214dbece8e32bb31dd08.html
- 0.98%
- China Merchants Bank Co., Ltd.-Xingquan Herun Hybrid Securities Investment Fund
- LIANG Haishan (梁海山), Chairman
- LI Huagang (李华刚), Chief Executive Officer
- XIE Juzhi (解居志), Vice Chairman
- WU Changqi (武常岐), Non-executive Director
- LIN Sui (林绥), Non-executive Director
- YU Hon To, David (俞汉度), Non-executive Director
- Eva LI Kam Fun (李锦芬), Non-executive Director
Source: Haier Annual Report 2020smart-home.haier.com/en/gpxx/iv/P020210429639454409151.pdf
Haier manufactures and sells a comprehensive portfolio of home appliance products as well as provides value-added services to users in more than 160 countries and regions including North America, Europe, South Asia and Southeast Asia, Australia, New Zealand, Japan, Middle East, and Africa.
Source: Haier Annual Report 2020smart-home.haier.com/en/gpxx/iv/P020210429639454409151.pdf
Haier Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies’ affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company’s full sanctions status.
Haier Reputational Disclosures
China fined Haier Group $1.9 M for monopolistic behaviour
Source: Reuterswww.reuters.com/article/china-haier-fine-idUSL3N1AT386
The latest news on Haier from SupChina
Air conditioner giant Gree is poorly prepared for China’s long white goods winter
China’s three largest white goods manufacturers are in for a long economic winter. Gree’s lack of diversification makes it the worst prepared for the tough times ahead.
The latest news on Haier from across the web
Haier Founder Zhang Ruimin to Step Down as Chairman
Zhāng Ruìmǐn 张瑞敏, the founder of Haier, China’s top home appliance conglomerate, announced on November 5 that he would be stepping down as chairman.
SAIC and Haier Said to Unite in Latest Push Into Smart Cars
Chinese carmaker SAIC Motor Corp. and appliance giant Haier Group Corp. signed a preliminary agreement to jointly develop intelligent transportation systems and smart homes, according to two people familiar with the matter.
Doors Slam Shut for China Deals Around the World
Tighter rules for CFIUS are echoed in great scrutiny from Europe to Australia.