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Every Jiang AI newsletter, Pacific released a research report on November 1, giving Haier Smart Home (600690.SH) a "buy" rating. The main reasons for the rating include: 1) On October 30, Haier Smart Home released its third quarter report for 2025. The company's revenue for the first three quarters of 2025 was 234.054 billion yuan (+15.31%), with a net profit attributable to the parent company of 17.373 billion yuan (+14.64%) and a non-IFRS net profit attributable to the parent company of 16.892 billion yuan (+15.03%). Looking at a single quarter, in 2025Q3, the company's revenue was 77.560 billion yuan (+15.16%), with a net profit attributable to the parent company of 5.340 billion yuan (+12.79%) and a non-IFRS net profit attributable to the parent company of 5.190 billion yuan (+14.70%); 2) Emerging markets are experiencing high growth, and the air conditioning business is strengthening; 3) AI and digitization are driving deep transformation, optimizing operations and improving efficiency. (Daily Economic News)