On May 28, Haier Smart Home (06690.HK) fell 3.05% in regular trading, trading at HKD 19.07 per share, with trading volume of HKD 292 million.

On the news front, JPMorgan recently reduced its long position in Haier Smart Home H-shares from 5.55% to 4.02%, a significant cut. Meanwhile, northbound capital has been continuously reducing its A-share holdings over the past 12 months, with positions dropping from 520 million shares to 334 million shares — nearly halved. The company's Q1 report also showed declines in both revenue and net profit, with rising raw material costs and RMB appreciation continuing to weigh on profitability.

Despite the selling pressure, the company has been actively conducting share buybacks. On May 21, May 25, and May 27, Haier Smart Home repurchased approximately RMB 31 million, RMB 33.4 million, and RMB 30.9 million worth of A-shares respectively, signaling management confidence in the company's long-term value.

Within the Household Appliances sector, the industry was broadly under pressure. Midea Group fell 1.79%, Hisense Home Appliances fell 2.40%, AUX Electric fell 4.21%, and Onerobotics fell 5.02%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)