-- Haier Smart Home (HKG:6690, SHA:600690) posted a 15% drop in net profit attributable to shareholders in the first quarter to 4.65 billion yuan from 5.49 billion yuan a year prior, according to filings with the Hong Kong and Shanghai bourses on Monday.
Earnings per share edged down to 0.50 yuan from 0.59 yuan in the year-ago period.
The household appliance maker's revenue slipped 6.9% to 73.7 billion yuan from 79.1 billion yuan a year earlier.
Haier attributed its lackluster Q1 performance to extreme weather events such as blizzards in the North American market, which caused a 10% decline in the industry, as well as to higher tariff costs.
Excluding the impact of the North American market, Haier said its operating profit in Q1 grew by over 10%.