All Brands Owned by Haier Smart Home Co., Ltd.

What does Haier own?
Haier Smart Home owns a portfolio of seven major home appliance brands: Haier, Casarte, GE Appliances (including GE, GE Profile, Cafe, Monogram, and Hotpoint), Fisher and Paykel, AQUA, Candy, and Leader. The company manufactures refrigerators, washing machines, air conditioners, water heaters, dishwashers, and kitchen appliances across these brands globally.

Is Haier publicly traded?
Yes. Haier Smart Home Co., Ltd. is publicly traded on the Shanghai Stock Exchange under ticker 600690. The company also has D-shares listed on the Frankfurt Stock Exchange. Haier Group Corporation, the parent company, is the controlling shareholder.

What is Haier's annual revenue?
In FY2024, Haier Smart Home reported global revenue of RMB 285.98 billion (approximately $39.5 billion USD), with net profit of RMB 18.74 billion (up 12.92% year-over-year). The refrigeration segment was the largest revenue contributor at RMB 83.56 billion.

Who founded Haier?
Haier was founded in 1984 in Qingdao, China, as Qingdao Refrigerator Co. Zhang Ruimin was appointed director in 1984 and transformed the struggling state-owned enterprise into a global appliance leader. Zhang led the company for nearly four decades before stepping down as CEO in 2021.

How did Haier acquire GE Appliances?
Haier acquired GE Appliances from General Electric in June 2016 for $5.6 billion. GE was divesting its appliance business as part of a broader portfolio restructuring. The acquisition gave Haier a major position in the U.S. home appliance market and access to GE's manufacturing facilities, distribution network, and brand portfolio. The transaction underwent CFIUS review and was approved.

What is the RenDanHeYi model?
RenDanHeYi is a management philosophy developed by Haier founder Zhang Ruimin that decentralizes organizational decision-making into small, autonomous entrepreneurial teams aligned with specific user needs. The model aims to eliminate traditional hierarchical management layers and align employee incentives directly with the value created for users. It has been studied by business schools globally.