具体来看，MSCI中国指数本次新增14只标的，包括三生制药(01530)、中信金融资产(02799)、地平线机 器人(09660)、万国数据-SW(09698)、老铺黄金(06181)、美图(01357)、网易云音乐(09899)、科伦博泰生 物(06990)、药明合联(02268)等9只港股公司股票，反映出近期港股科技、创新药、新消费等板块强势上 涨，相关上市公司有望迎来更多增量资金。 8月8日，MSCI宣布了8月份的指数季度审议结果。其中，MSCI中国指数新增老铺黄金(06181)等14只股 份，剔出海信家电（00921）、中升控股（00881）等17只股份。变动将于8月26日收市后生效。 至于遭剔的有海信家电(00921)、中升控股(00881)、迎驾贡酒(603198.SH)、东方雨虹(002271.SZ)等17 只。具体名单如下： | 代码 | 公司名称 | | --- | --- | | 00921 | 海信家电 | | 00881 | 中升控股 | | 603198.5H | 迎驾贡酒 | | 002271.SZ | 东方雨虹 | | 002032.SZ | 苏泊尔 | | 600497.SH ...

Core Viewpoint - The announcement details the cash dividend distribution plan for the fiscal year 2024 of Hisense Home Appliances Group Co., Ltd, confirming a fixed cash dividend of 12.30 yuan per 10 shares for eligible A-share shareholders [1][2][3]. Summary by Sections Dividend Distribution Plan - The profit distribution plan approved at the 2024 annual general meeting includes only cash dividends, with no stock dividends or capital reserves being converted into share capital [2][6]. - The total number of shares eligible for the dividend distribution is 924,525,456 A-shares, calculated from the total A-share capital of 925,271,363 shares minus 745,907 shares held in the repurchase account [2][5]. Dividend Amounts - The total cash dividend amount to be distributed is 1,137,166,310.88 yuan, calculated as 924,525,456 shares multiplied by 12.30 yuan per 10 shares [2][6]. - The per-share cash dividend, based on the total A-share capital, is approximately 1.2290084 yuan per share [2][6]. Key Dates - The record date for the dividend distribution is set for August 14, 2025, and the ex-dividend date is August 15, 2025 [8][9]. Dividend Distribution Method - Cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, directly into the accounts of eligible shareholders [10][11]. - The company will bear all legal responsibilities for any discrepancies in the cash dividends due to changes in shareholders' accounts before the record date [12]. Additional Information - The announcement confirms that the dividend distribution plan aligns with the principles approved at the annual general meeting, ensuring that the per-share distribution amount remains fixed [6][7].

证券日报网讯 8月7日晚间，海信家电发布公告称，2024年度权益分派方案为每10股派现金红利12.30元 （含税），股权登记日为2025年8月14日，除权除息日为2025年8月15日。 （文章来源：证券日报） ...

2024 年度 A 股权益分派实施公告 股票代码：000921 股票简称：海信家电 公告编号：2025-058 海信家电集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： | 分红年度：2024年度权益分派 | 分配方案：分配比例固定 | | --- | --- | | 股权登记日：2025年8月14日 | 除权除息日：2025年8月15日 | | 除权前A股总股本：925,271,363股 | 回购专户上已回购的股份数量：745,907股 | | 每10股派息（含税）：12.30元 | A股现金分红总额：1,137,166,310.88元 | | 除权后A股总股本：925,271,363股 | | 按A股除权前总股本（含回购股份及其他不参与分红的股份）计算的每10股派息（含 税）：12.290084元 海信家电集团股份有限公司（「本公司」）回购专用账户持有本公司A股股份745,907 股，根据《公司法》《深圳证券交易所上市公司自律监管指引第9号——回购股份》等 相关规定，上市公司通过回购专户持有的本公司股份，不享有参与利润分配的权利 ...

Core Viewpoint - The competition in China's air conditioning industry for the 2025-2026 cooling year has intensified, with a focus on technology integration, price competition, and channel efficiency as key trends [2][3]. Group 1: Market Dynamics - The air conditioning market is experiencing a slowdown in growth, with domestic retail sales of household air conditioners reaching CNY 126.3 billion, a year-on-year increase of 12.4%, and retail volume at 38.45 million units, up 15.6% in the first half of 2025 [3]. - The export volume of air conditioners is expected to exceed 90 million units for the year, driven by extreme high temperatures [3]. - The competitive landscape is shifting, with Xiaomi gaining market share through low pricing, while Midea and Gree are countering with sub-brands targeting the mid-to-low price segment [3]. Group 2: Technological Advancements - AI technology is becoming a focal point, with companies like Gree and Midea launching AI energy-saving air conditioners and integrating advanced AI models into their products [2][3]. - The demand for energy-efficient and comfortable air conditioning solutions is driving innovation in AI features such as AI energy-saving and AI voice control [2]. Group 3: Supply Chain and Retail Strategies - Companies are focusing on improving supply chain efficiency to cope with profit growth pressures, with Midea and Gree implementing direct-to-consumer (DTC) and new retail strategies [4]. - Retail capabilities are becoming a competitive edge, with various platforms and channels being utilized to enhance consumer engagement and streamline distribution [5]. Group 4: Long-term Strategic Initiatives - Companies are exploring the development of smart home ecosystems, with partnerships aimed at integrating air conditioning with automotive technology [5]. - There is a push for breakthroughs in upstream core components and new materials, with Gree and Midea investing in research for innovative magnetic materials and energy-efficient technologies [5]. Group 5: Competitive Positioning - Despite Xiaomi's close market share to Gree in June, there remains a 9.32 percentage point gap in the online air conditioning market as of August 3, 2025, indicating ongoing competitive pressures [6].

Investment Rating - The report maintains an "Accumulate" rating for Hisense Home Appliances (000921.SZ) with a current price of 25.40 CNY [1]. Core Views - The company's revenue for the first half of 2025 reached 49.34 billion CNY, a year-on-year increase of 1.4%, while the net profit attributable to shareholders was 2.08 billion CNY, up 3.0% year-on-year [5]. - Domestic sales are under pressure in the short term, while overseas sales continue to perform well, with a notable increase in revenue from the Americas and ASEAN markets [6]. - The company has seen improvements in gross margins for overseas sales, with a gross margin of 21.5% overall, and a significant increase in R&D investment [7]. Summary by Sections Financial Performance - In Q2 2025, the company achieved revenue of 24.50 billion CNY, a decrease of 2.6% year-on-year, and a net profit of 0.95 billion CNY, down 8.3% year-on-year [5]. - Domestic sales revenue was 25.25 billion CNY, a slight decline of 0.3% year-on-year, while overseas sales revenue was 20.45 billion CNY, an increase of 12.3% year-on-year [6]. Business Segments - The HVAC segment generated revenue of 23.69 billion CNY in H1 2025, up 4.1% year-on-year, with significant growth in overseas markets [6]. - The home appliance segment, excluding the subsidiary Hisense Hitachi, saw revenue of 13.04 billion CNY, a growth of 14.1% year-on-year, driven by national subsidies [6]. - The washing machine segment also performed well, with domestic revenue growth of 37.6% [6]. Profitability and Margins - The overall gross margin for H1 2025 was 21.5%, with domestic gross margin at 31.0% and overseas gross margin at 12.3% [7]. - The net profit margin for the company was 4.2%, reflecting a slight increase of 0.1 percentage points year-on-year [7]. Forecast and Valuation - The report adjusts the net profit forecast for 2025-2027 to 3.6 billion CNY, 4.0 billion CNY, and 4.5 billion CNY respectively, reflecting a downward adjustment of 5%, 6%, and 4% [8]. - The current price corresponds to a price-to-earnings ratio of 10, 9, and 8 for the years 2025, 2026, and 2027 respectively [8].

Core Viewpoint - The market response to Hisense Home Appliances' mid-year report has been negative, with a significant decline in stock price and market capitalization, indicating investor concerns about the company's performance and future growth prospects [1][3]. Financial Performance - In the first half of 2025, Hisense's revenue slightly increased by 1.44% to 49.34 billion yuan, while net profit grew by 3.01% to 2.077 billion yuan, marking the lowest revenue growth rate since 2020 [3][4]. - The company's revenue growth has significantly slowed down, with historical growth rates of 11.27%, 53.76%, 18.15%, 12.1%, and 13.27% from 2020 to 2024, leading to concerns about its growth potential [3][4]. - Investment income rose by 21.9% to 511 million yuan, contributing significantly to overall profits, with a notable increase in cash flow from operating activities [7][8]. Market Challenges - The home appliance industry is facing challenges such as weak consumer demand and intensified competition, leading to a structural shift in growth dynamics [4][5]. - Despite policies promoting high-end and energy-efficient products, the overall market remains in a transition phase from scale expansion to high-quality development [4][5]. Overseas Market Performance - Hisense's overseas revenue reached 20.45 billion yuan, a year-on-year increase of 12.34%, significantly outperforming domestic growth [5][6]. - Sponsorship of major sports events like the FIFA Club World Cup has been pivotal in enhancing brand exposure and driving sales in international markets, particularly in Europe and the Americas [5][6]. Strategic Focus - The company is focusing on product innovation, supply chain optimization, and channel upgrades to overcome growth bottlenecks during the industry adjustment period [4][5]. - High-quality financial management and investment strategies led by the new chairperson, Gao Yuling, are aimed at maximizing the efficiency of idle funds and supporting core business growth [7][8].

区间跌幅6.62%、市值蒸发近25亿元——这是海信家电中报发布后的五个交易日内，资本市场给出的直 观反馈。 若将时间跨度拉长至"80后"新掌门高玉玲上任至今的近9个月，海信家电A股股价累计跌幅已扩大至约 14.5%，公司市值较其上任前蒸发近60亿元。 2024年11月21日，海信家电发布公告称，公司原董事长代慧忠因达退职年龄并结合个人意愿而不再担任 海信家电董事长等职务，海信家电财务原负责人、总会计师高玉玲接任公司一号位——在家电行业相对 老派的格局下，1981年生人的高玉玲显得颇为年轻。 2025年半年报，是财务出身的高玉玲担任公司董事长后交出的首份中期成绩单，其中既有传统主业的调 整阵痛、海外市场的逆势突围，也有资本运作的"锦上添花"。 只是这份看似平稳向好的业绩，似乎没能完全打动市场。 "当前家电行业正处于调整周期，消费需求释放放缓，头部企业的增长动能普遍承压，资本市场对业绩 的审视也会更加严格。"资深产业经济观察家梁振鹏向北京商报记者表示，股价波动反映出投资者对企 业转型成效的审视和长期增长逻辑的观望。 增长踩刹车 和过去几年的自己相比，2025年上半年的海信失去了高增长。 2025年上半年，海信家电 ...

Core Viewpoint - The market response to Hisense Home Appliances' mid-year report has been negative, with a significant decline in stock price and market capitalization, reflecting investor skepticism about the company's growth prospects and transformation efforts [1][3][10] Financial Performance - In the first half of 2025, Hisense's revenue increased slightly by 1.44% to 49.34 billion yuan, while net profit grew by 3.01% to 2.077 billion yuan, marking the lowest revenue growth rate since 2020 [3][4] - Profit growth rates for 2023 and 2024 were 141.45% and 34.61%, respectively, with the current year's figures representing a significant decline [4] - The company's operating cash flow surged by 153.43% to 5.322 billion yuan, indicating improved cash management under the new leadership [8][9] Market Challenges - The home appliance industry is experiencing a cyclical adjustment, with weakened consumer demand and intensified competition among leading companies, leading to reduced growth momentum [4][5] - Despite policies promoting the replacement of old appliances, the overall market remains constrained by sluggish demand and a shift towards high-quality development [4][5] Overseas Market Expansion - Hisense's overseas revenue reached 20.45 billion yuan in the first half of 2025, a year-on-year increase of 12.34%, significantly outpacing overall revenue growth [5][6] - Sponsorship of major sporting events, such as the FIFA Club World Cup, has been pivotal in enhancing brand exposure and driving sales in international markets [6][7] Investment Strategy - The company reported a 21.9% increase in investment income to 511 million yuan, with a substantial portion derived from low-risk financial products [8][9] - The financial management strategy under the new leadership focuses on optimizing cash flow and utilizing idle funds for investment, contributing significantly to overall profitability [9][10]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 本月底法定/註冊股本總額： RMB 1,384,861,171 FF301 第 1 頁 共 10 頁 v 1.1.1 致：香港交易及結算所有限公司 公司名稱: 海信家電集團股份有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00921 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 459,589,808 | RMB | | | 1 RMB | | 459,589,808 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 459,589 ...