Household appliance stocks rise, Haier Smart Home up more than 6%, TCL Electronics up about 1%.

Hong Kong-listed household appliance stocks generally rose, with Haier Zhijia up more than 6%, Hisense Home Appliances up nearly 3%, Skyworth Group and Midea Group up nearly 2%, and TCL Electronics up about 1%. In terms of news, Haier Zhijia released its semi-annual report for 2025 yesterday evening, achieving operating income of 156.494 billion yuan in the first half of the year, a year-on-year increase of 10.2%; net profit of 12.033 billion yuan, a year-on-year increase of 15.6%, reaching a historical high. In the second quarter alone, a net profit of 6.546 billion yuan was achieved, an increase of 16.14% year-on-year. In addition, Haier Zhijia plans to distribute a cash dividend of 2.69 yuan per 10 shares to all shareholders, with a total distribution amount of 2.507 billion yuan, accounting for 20.83% of net profit. In addition, the third batch of government subsidies for "Replacing Old with New" has been issued, starting from August 26th, Taobao and Tmall will first launch the opportunity to receive subsidies! In addition to the new categories, consumers can receive subsidies of up to 20% for purchasing household appliances and home improvement products with first-class and above energy efficiency/water efficiency ratings, 15% for second-class energy efficiency/water efficiency products, and up to 30% for home adaptation products for the elderly.