Jefferies cut Haier target to CNY 18: Haier stock gained 2.23 percent

Published on 10/08/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 2.8 percent in the first half of 2026. Haier stock was EUR 2.29 on October 8, 2026, up 2.23 percent.

Haier, CNE1000048K8, Illustration mit AI erstellt.

Jefferies cut its Haier Smart Home A-share target from CNY 19.00 to CNY 18.00 and maintained a Hold rating in a report dated October 2, 2026, while Haier stock was up 2.23 percent at Lang & Schwarz on October 8, 2026. The target reduction places margin recovery at the center of the investment debate.

Jefferies lowers the target

According to Futu on October 2, 2026, Jefferies forecast third-quarter 2026 revenue growth of 0.60 percent but a 7.20 percent year-over-year decline in net profit. The research note also cut its 2026 earnings-per-share forecast to CNY 1.95, an 8.00 percent reduction from the previous estimate.

The report connected the valuation change to price pressure in China, weaker U.S. demand and an unfavorable international product mix. Its CNY 18.00 target for the A-shares was accompanied by a CNY 21.00 target for the Hong Kong shares, reduced from HKD 22.00.

First-half revenue declines

Haier's first-half 2026 revenue reached CNY 152.1 billion, down 2.80 percent year over year, while profit attributable to shareholders was CNY 10.316 billion, down 14.30 percent. Futubull reported that basic earnings per share fell to CNY 1.12 from CNY 1.30 in the comparable period.

Margin performance provided a counterweight. First-half gross margin rose to 26.80 percent, up 0.40 percentage points year over year, while smart HVAC solutions revenue increased 6.10 percent to CNY 45.362 billion. The contrast between softer total revenue and faster HVAC growth gives investors a clear operating marker for the second half.

Shanghai listing and euro quote

Haier Smart Home is listed on the Shanghai Stock Exchange under ticker 600690 and operates in the consumer cyclical sector, specifically furnishings, fixtures and appliances, according to InvestPane. The Shanghai quote was CNY 20.43 on October 8, 2026 at 3:00 p.m. CST, while the 52-week range was CNY 19.25 to CNY 28.31.

Haier stock was trading at EUR 2.29 at Lang & Schwarz on October 8, 2026 at 10:03 a.m. CEST, plus 2.23 percent versus the EUR 2.24 prior close of October 7, 2026. The company had a market capitalization of CNY 188.4 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Haier stock.