Haier Electronics Group Co., Ltd.

Haier Electronics Group Co., Ltd.

Haier Electronics Group Co., Ltd.

Overview
Date Founded

1997

Headquarters

Unit 3513, 35/F, The Center,99 Queen's Road,Central,Hong Kong

Type of Company

Public

Employees (Worldwide)

16.8K

Industries

Appliances & Electronics
Wholesale: Industrial Products & Manufacturing
Wholesale: Consumer Durables
Other Manufacturing
Electrical Products

Company Description

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. It 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.

Executives & Employees

Chief Executive Officer & Executive Director

Executive Chairman

Executive Director

Chief Financial Officer

General Manager-Electrothermal Product Division

General Manager-Washing Machine Division

Deputy General Manager

Director of Logistics Division

Secretary

GM-Commercial Water Purification Division

Board of Directors

Executive Chairman at Haier Electronics Group Co., Ltd.

Executive Director at Our Hong Kong Foundation Limited

Vice Chairman at MCL Capital Ltd.

Executive Director at Haier Electronics Group Co., Ltd.

Chairman & General Manager at Qingdao Haier Co., Ltd.

Chief Executive Officer & Executive Director at Haier Electronics Group Co., Ltd.

Chairman at China Merchants Securities Co., Ltd.

Former General Manager-Supply Chain Innovation at Alibaba Group Holding Ltd.

Independent Non-Executive Director at Haier Electronics Group Co., Ltd.

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Haier Electronics Group Co., Ltd.
Owners & Shareholders
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BCIM seeks to provide capital growth over the long-term through investments in common equities. The firm specializes in the management of global equities and they offer both global and international (EAFE) management capabilities. BCIM strive to buy good businesses with high-quality management at fair or attractive prices. They are neither growth nor value investors. The firm invests in individual business ideas for a client’s portfolio, and do not try to time markets, trade for short-term gains, or alter the portfolio significantly for any particular economic or interest rate outlook. They also refrain from taking sector views and bets, either by industry or geography.

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Price Hong Kong is an active, long-term, risk-aware manager which performs in-house fundamental research to identify investment opportunities for clients. They utilize a bottom-up investment process to construct diversified portfolios, which aims to avoid uncompensated risk and to capture long-term sources of excess return. The firm's global teams exchange ideas across strategies, styles, and asset classes that lead to informed decisions in the portfolio construction process. Price Hong Kong’s specialized fixed-income professionals seek to add value through individual security selection, sector rotation, yield curve, and duration management. They integrate top-down and bottom-up analysis to help manage portfolio risk while adding value to portfolios constructed of a variety of instruments including core, high yield, US, global, corporate and government. Their global credit research and analysis capabilities help drive the management of each investment strategy.

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FMR-HK provides regional expertise to Fidelity Management & Research Co. As a group, Fidelity believes that investment markets are not completely efficient and that securities can sometimes be mispriced and they aim to take advantage of such mispricing to add value to the clients’ investments. The firm uses their first-hand research for their decision making. The use a bottom-up process in selecting securities and are supported by the parent group's research capabilities shared through a global research platform, in particular Fidelity International Ltd. and their subsidiaries worldwide. For their equity, fixed income and money market securities, FMR-HK uses the same fundamental approach. Their research process includes company visits.

Recent Transactions
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Qingdao Haier Co., Ltd., Qingdao New Goodaymart Logistics Service Co., Ltd. purchase Qingdao Goodaymart Electronics Service Co., Ltd. from Haier Group Corp.

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Qingdao Haier Co., Ltd., Chongqing New Goodaymart Appliance Sales Co., Ltd. purchase Hefei Goodaymart Electric Appliance Co. Ltd. from Qingdao Haier Investment & Development Co., Ltd., Hefei Xin Biao Bing Electronic Ltd.

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Haier Electronics Group Co., Ltd., Haier Electronics Sales (HK) Co., Ltd. purchase Sunlit Enterprise International Ltd. from Phoenix View Ltd.

Transaction Advisors
Accountant

Advised onHaier Electronics Group Co., Ltd. purchases Haier Electrical Appliances Fourth Holdings (BVI) Ltd. from Haier Group Corp.

Investment Advisor

Advised onHaier Electronics Group Co., Ltd., Chongqing New Goodaymart Appliance Sales Co., Ltd. purchase Yantai Goodaymart Electric Appliance Co., Ltd. from Qingdao Haier Investment & Development Co., Ltd.

Investment Advisor

Advised onQingdao Haier Co., Ltd., Qingdao New Goodaymart Logistics Service Co., Ltd. purchase Qingdao Goodaymart Electronics Service Co., Ltd. from Haier Group Corp.

Advisors & Consultants
Advisor

Professional at Haier Electronics Group Co., Ltd.

Clients

Neusoft Corp. provides information technology solutions and education services. It offers engineering, management consultation, information technology education and training, and business process outsourcing services. The company also offers industry and product engineering solutions. Neusoft was founded by Ji Ren Liu in 1991 and is headquartered in Shenyang, China.

Ollie's Bargain Outlet Holdings, Inc. is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys. Ollie's Bargain Outlet Holdings was founded by Mark Butler, Mort Bernstein, Oliver Rosenberg and Harry Coverman on July 29, 1982 and is headquartered in Harrisburg, PA.

VSTECS Holdings Ltd. is an investment company, which engages in the provision of Information Technology products, enterprise system tools for IT infrastructure and IT infrastructure design and implementation, training, maintenance and support services, as well as the provision of network security hardware and software required for big data and cloud computing. It operates through the following segments: Components Products, Mobility Digital Devices, Cloud and Big Data Analytics, and Network and data Security. The Components Products segment includes the provision of IT component products and provision of supply chain solutions for the Original Equipment Manufacturer. The Mobility Digital Devices segment comprises the provision of finished IT products. The Cloud and Big Data Analytics segment refers to the provision of enterprise system tools for IT infrastructure and IT infrastructure design and implementation, training, maintenance and support services. The Network and data Security segment includes the provision of network security hardware and software required for big data and cloud computing. The company was founded by Jia Lin Li in 1991 and is headquartered in Hong Kong.

Key Stats and Financials As of 2019
Market Capitalization
$9.72B
Total Enterprise Value
$6.18B
Earnings Per Share
$0.35
EBITDAMargin
4.96%
Enterprise Value Sales
0.56x
Enterprise Value EBITDAOperating
11.34x
TEVNet Income
6.36x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
4.87%
Revenue
$11B
EBITDA
$545M
Total Debt
$19.2M
Total Equity
$4.23B
Net Profit
$972M
Suppliers
Tongda Group Holdings Ltd. Other Manufacturing | Hong Kong

Tongda Group Holdings Ltd. operates as an investment company, which engages in the distribution of electronic, appliance products, metal parts, and digital receiver of television. It operates through the following business segments: Electrical Fittings; Ironware Parts; and Communication. The Electrical Fittings segment produces accessories for electrical, including handsets, notebook computers, and other electrical appliance products. The Ironware Parts segment is a supplier of metallic casings and other ironware parts for electrical and electronic appliances. The Communication Facilities segment comprises of a supply of electronic components and trades electrical appliances. The company was founded by Ya Hua Wang, Ah Yeung Wong, and Ah Yu Wong in 1978 and is headquartered in Hong Kong.

Huntsman Corp. Agriculture & Mills | The Woodlands, Texas

Huntsman Corp. engages in the manufacturing of chemicals for the plastics, automotive and construction industries. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. The Performance Products segment produces and sells amines, surfactants, LAB, and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment provides basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic, and polyurethane based polymer products. The Textile Effects segment consists market share for textile chemicals and dyes. Its products include Methoxypropylamine, Isocyanate, Nonylphenol, and Alkylalkanolamines. The company was founded by Jon Meade Huntsman Sr. in 1970 and is headquartered in The Woodlands, TX.

Eternal Asia Supply Chain Management Ltd. Other Business & Consulting Services | Shenzhen, China

Eternal Asia Supply Chain Management Ltd. engages in the operation of supply chain businesses. It provides the following service platforms: business to business and online to offline sourcing, distribution and retail; online to offline financial services; online to offline terminal marketing; and online to offline value-added services. The company was founded by Guo Hui Zhou on November 10, 1997 and is headquartered in Shenzhen, China.

Competitors
Alibaba Group Holding Ltd. Retail: Other - Hangzhou, China

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Xiaomi Corp. Other Manufacturing - Beijing, China

Xiaomi Corp. engages in the design, manufacture and sale of smartphone, hardware and software products. Its business covers power bank, audio, camera and lifestyle. Xiaomi doing business through three business segments-Hardware, E-commerce & New Retail and Internet services. Its products include power bank pro, headphones, in-ear headphones pro, bluetooth headset basic with dock, bluetooth speaker, sphere camera, home security camera, action camera, robot builder, electric scooter, bedside lamp, and body composition scale. The company was founded by Jun Lei, Bin Lin, Wan Qiang Li, Feng Hong, De Liu, Chuan Wang, and Jiang Ji Huang on March 3, 2010 and is headquartered in Beijing, China.

JD.com, Inc. Retail: Other - Beijing, China

JD.com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business. The New Businesses segment includes logistic services provided to third parties, technology services, overseas business, insurance and O2O. It also provides an online marketplace, whereby third-party sellers sell products to customers primarily through its websites and mobile apps. The company offers advertising, logistics and other value-added services. JD com was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.

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