Whirlpool China Co Ltd

Whirlpool China released its 2026 interim report, with net profit attributable to the parent company at 177 million yuan, down 17.79% from the same period last year. Total operating revenue was 1.917 billion yuan, down 12.50% year on year. Net cash inflow from operating activities was 164 million yuan, down 74.16% year on year. The latest asset-liability ratio was 54.45%, gross margin was 16.12%, ROE was 6.71%, and diluted earnings per share was 0.23 yuan.

Whirlpool disclosed its 2026 interim report. In the first half, it achieved operating revenue of 1.917 billion yuan, down 12.5% year on year. Net profit attributable to shareholders of the listed company was 177 million yuan, down 17.79% year on year. Basic earnings per share were 0.23 yuan. During the reporting period, the company's foreign trade business faced relatively obvious pressure, and revenue scale declined. Domestic sales also declined year on year, but the special recovery of overdue receivables achieved initial results.

Whirlpool released its 2026 half-year report, showing first-half net profit attributable to the parent of 177 million yuan, down 17.8% year on year. Operating revenue was 1.92 billion yuan, down 12.5% year on year. Net profit attributable to the parent after deducting non-recurring items was 96.98 million yuan, down 52.7% year on year. Net operating cash flow was 164 million yuan, down 74.2% year on year. Second-quarter operating revenue was 951 million yuan, down 2.6% year on year, and net profit attributable to the parent was 82.09 million yuan, down 17.7% year on year. The company noted that overall retail sales in the domestic home appliance market fell year on year and industry competition intensified, but overseas markets achieved steady growth against the trend.

Whirlpool has been downgraded to a Zacks Rank #5 (Strong Sell) after analysts slashed earnings estimates by 26.6% for this year and 25.5% for next year. The company reported second-quarter revenue of $3.77 billion, down 5.4% year-over-year and missing expectations, while adjusted EPS fell to $1.34 from $2.39 a year ago. Net income tumbled 70% to $65 million, and sales are projected to decline 7.2% in 2025 and another 3.6% in 2026 amid higher costs, intensifying Asian import competition, and soft consumer demand. The stock is down 28% year-to-date and trades at 13.6 times forward earnings, above the industry average of 11.2 times and its own 10-year median of 9.4 times, leaving room for further downside. Investors are advised to avoid the stock until earnings stabilize and margin recovery becomes visible.