[Table_Page] 季报点评|家用电器 证券研究报告 [海Table_尔Title] 智家(600690.SH/06690.HK) 公[Ta司ble评_Inv级est ] 买入-A/买入-H 当前价格 28.80元/27.10港元 Q1 利润超预期，期待持续提效 合理价值 36.41元/35.28港元 前次评级 买入/买入 [Table_Summary] 核心观点： 报告日期 2024-04-29 ⚫ 公司披露2024年一季报。24Q1实现收入689.8亿元（YoY+6.0%)， [相Tab对le_P市icQ场uote表] 现 归母净利润47.7亿元（YoY+20.2%），毛利率29.0%（YoY+0.3pct）， 归母净利率 6.9%（YoY+0.8pct）。销售/管理/财务/研发费用率分别同 30% 20% 比-0.5pct/-0.3pct/-0.01pct/+0.1pct。公司费用率有所改善，国内市场 9% 主要因公司采购端、研发端的数字化变革、产销协同体系构建等因素； -1% 05/23 07/23 09/23 10/23 12/23 02/24 04/24 海外市场主要因产品结构优化、产能利用 ...

公司研 究 证 券研究 报 告 白色家电Ⅲ 2024年04月30日 海 尔智家（600690）2024年一季报点评 强 推 （维持） 目标价：32元 业绩表现超越预期，再推员工持股计划 当前价：28.80元 事项： 华创证券研究所  公司发布2024年一季度报告，24Q1公司实现营业收入689.8亿元，同增6.0%， 归母净利润47.7亿元，同增20.2%，扣非归母净利润46.4亿元，同增25.4%。 证券分析师：秦一超 评论： 邮箱：qinyichao@hcyjs.com  公司营收稳健增长，外销增速小幅收窄。24Q1 公司实现营收 689.8 亿元，同 执业编号：S0360520100002 比+6.0%，收入环比略有降速但整体增长仍属稳健。分地区看，国内市场收入 证券分析师：樊翼辰 同比+ 8.1%，其中冰洗业务作为公司传统强势主业大概率保持稳定增长，表现 或优于行业（产业在线数据24M1-M2冰箱/洗衣机同比+6.0%/-1.0%），空调业 邮箱：fanyichen@hcyjs.com 务在行业高景气度加持下实现双位数以上增长，厨电、水家电等其他品类收入 执业编 号：S0360523080004 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [8] Core Views - The company's Q1 2024 performance exceeded expectations, with revenue of 68.98 billion yuan, a year-on-year increase of 6%, and a net profit attributable to shareholders of 4.77 billion yuan, up 20% year-on-year [8] - The company has launched A/H share equity incentives, with an A-share incentive amount of 712 million yuan and an H-share incentive amount of 69 million yuan, focusing on non-net profit and ROE as key performance indicators [8] - The domestic market showed strong performance with an 8.1% revenue growth, while overseas revenue grew by 4% despite challenges in major markets [8] Financial Summary - Total revenue for 2023 was 261.43 billion yuan, with a projected increase to 284.37 billion yuan in 2024, representing an 8.8% year-on-year growth [7][10] - The net profit attributable to shareholders for 2023 was 16.60 billion yuan, expected to rise to 19.11 billion yuan in 2024, reflecting a 15.1% year-on-year growth [7][10] - The company's gross profit margin for Q1 2024 was 29.0%, a year-on-year increase of 0.3 percentage points, contributing to a net profit margin of 7.04%, the highest in nearly seven years [9][8] Earnings Forecast - The earnings forecast for 2024-2026 has been raised to 19.1 billion, 21.9 billion, and 25.2 billion yuan respectively, with a consistent year-on-year growth of 15% [8] - The corresponding PE ratios for 2024, 2025, and 2026 are projected to be 14x, 12x, and 11x respectively [8]

Investment Rating - The investment rating for Haier Smart Home is "Buy - A" with a target price of 34.51 CNY for the next six months, which corresponds to a PE valuation of 17x for 2024 [3][7]. Core Insights - Haier Smart Home reported a revenue of 68.98 billion CNY for Q1 2024, representing a year-over-year increase of 6.0%, and a net profit attributable to shareholders of 4.77 billion CNY, up 20.2% year-over-year [1]. - The company's domestic revenue grew by 8.1% year-over-year, with significant growth in home appliances, kitchen appliances, and smart building sectors, all exceeding 10% [1]. - The gross margin for Q1 2024 was 29.0%, an increase of 0.3 percentage points year-over-year, driven by digital transformation in procurement and R&D, as well as product structure improvements [1]. - The net profit margin for Q1 2024 was 6.9%, up 0.8 percentage points year-over-year, attributed to improved efficiency and cost management [1]. - Operating cash flow for Q1 2024 increased to 1.72 billion CNY, reflecting enhanced operational efficiency and profit growth [1]. Financial Performance Summary - The projected revenue for Haier Smart Home is expected to grow from 243.51 billion CNY in 2022 to 315.29 billion CNY by 2026, with a compound annual growth rate (CAGR) of approximately 7.0% [8]. - The net profit is projected to increase from 14.71 billion CNY in 2022 to 23.86 billion CNY by 2026, indicating a strong growth trajectory [8]. - The earnings per share (EPS) is expected to rise from 1.56 CNY in 2022 to 2.53 CNY by 2026, reflecting a positive outlook for shareholder returns [8]. - The return on equity (ROE) is projected to improve from 15.7% in 2022 to 17.1% by 2026, indicating enhanced profitability and efficiency [8]. Market Position and Strategy - Haier's management has shown confidence in long-term performance through an employee stock ownership plan, which aims for a compound annual growth rate of at least 15% in net profit for 2024 and 2025 [2]. - The company is focusing on expanding its market share in overseas markets, particularly in the segments of dryers, air conditioners, and small appliances, which are expected to drive domestic growth [2].

[Table_Title] 证券研究报告 海尔智家:Q1 业绩超预期，盈利能力持续改善 公司研究 [Table_ReportDate] 2024年04月29日 [Table_ReportType] 公司点评报告 [T事ab件le：_S Qu 1mm公ar司y]实 现营业收入689.78亿元，同比+6.01%，实现归母净利润 [海Ta尔bl智e_家Sto(c6k0A0n6d9R0an)k ] 47.73 亿元，同比+20.16%，实现扣非后归母净利润 46.40 亿元，同比 +25.41%。 投资评级 买入 点评： 上次评级 买入 ➢ Q1国内增速高于海外，经营利润表现亮眼 [罗Ta岸b阳le _ A u t h o家r]电 行业首席分析师 国内市场：24Q1中国市场收入分别同比+8.1%，经营利润增长超30%。 执业编号：S1500520070002 水产业实现两位数增长，家空、厨电、智慧楼宇等产业收入增长均超 邮 箱：luoanyang@cindasc.com 10%。卡萨帝Q1收入增长14%，三翼鸟门店数量同比+85%，零售额 同比增长30%，前置类产品占比提升8pct至38%。 尹圣迪 家电行业分析师 ...

证券研究报告 | 季报点评 2024年04月29日 海尔智家（600690.SH） 业绩超预期，持续推出员工持股计划 事件：公司发布2024年一季报。2024Q1实现营业收入689.78亿 买入（维持） 元，同比增长 6.01%；实现归母净利润 47.73 亿元，同比增长 股票信息 20.16%。 行业 白色家电 内销市场拉动整体增长，外销表现稳健。从内销表现来看，收入增 前次评级 买入 长8.1%，经营利润增长超30%。从细分板块收入表现来看，公司 4月29日收盘价(元) 28.80 总市值(百万元) 271,817.71 制冷、洗护稳健增长，水产业两位数增长；家空、厨电、智慧楼宇 总股本(百万股) 9,438.11 等增长均超 10%。卡萨帝增长 14%。从外销表现来看，收入增长 其中自由流通股(%) 66.84 4%，经营利润增长超两位数。 30日日均成交量(百万股) 32.51 毛利率及费用率均有优化。毛利率：2024Q1公司毛利率同比提升 股价走势 0.26pct 至 28.95%，国内外毛利率均同步提升。费率端：2024Q1 销售/管理/研发/财务费率为13.09%/3.22%/4.27%/0.3 ...

[Table_Title] 业绩稳健增长，分红比例增加 [ 海Ta 尔bl 智e_ 家Rep (6or 0t 0D 6a 9t 0e )] 公 司简评报告 | 2024.04.29 [评Ta级ble：_R an买k]入 核心观点 [ Table_Authors] [Tabl e_Summary] 陈梦 ⚫ 事件：公司发布2023年年度报告，全年实现营业收入2614.28亿元，同 首席分析师 比+7.33%；实现归母净利润165.97亿元，同比+12.81%；实现扣非后归 SAC执证编号：S0110521070002 母净利润158.24亿元，同比+13.33%。拟每10股派发现金红利8.04元 chenmeng@sczq.com.cn 电话：010-81152649 （含税）。 点评： 潘美伊 ⚫ 各品类齐头并进，海内外并驾齐驱。2023年公司收入及业绩稳定增长， 家电分析师 体现龙头经营韧性。分品类来看，2023 年公司冰箱/洗衣机/空调/厨电/ SAC执证编号：S0110524010001 水家电营收为 816.41/612.72/456.60/415.89/150.11 亿元，同比分别 panmeiyi ...

Financial Performance - In Q1 2024, Haier Smart Home achieved revenue of RMB 68.98 billion, a 6.01% increase compared to RMB 65.07 billion in the same period last year[5] - The net profit attributable to shareholders reached RMB 4.77 billion, reflecting a 20.16% growth from RMB 3.97 billion year-on-year[5] - The net profit after deducting non-recurring gains and losses was RMB 4.64 billion, up 25.41% from RMB 3.70 billion in the previous year[5] - Total operating revenue for Q1 2024 reached ¥68,977,513,890.10, an increase of 5.9% compared to ¥65,067,820,534.08 in Q1 2023[27] - Operating profit for Q1 2024 was ¥5,785,602,389.21, compared to ¥4,832,011,147.02 in Q1 2023, indicating a growth of 19.7%[27] - Net profit for Q1 2024 was CNY 4.85 billion, compared to CNY 4.03 billion in Q1 2023, reflecting a year-over-year increase of about 20.5%[28] - Basic earnings per share for Q1 2024 were CNY 0.52, up from CNY 0.43 in Q1 2023, indicating a growth of 20.9%[28] Cash Flow and Investments - Operating cash flow net amount was RMB 1.72 billion, an increase of 27.31% compared to RMB 1.35 billion in the same period last year[3] - The net cash flow from operating activities in Q1 2024 was RMB 1.725 billion, an increase of RMB 370 million compared to Q1 2023, driven by higher operating profits and improved efficiency[14] - The net cash outflow from investing activities in Q1 2024 was RMB 2.212 billion, an increase of RMB 756 million year-over-year, primarily due to higher cash payments for long-term deposits and fixed asset acquisitions[14] - The cash outflow from investing activities for Q1 2024 was CNY 2.21 billion, compared to CNY 1.46 billion in Q1 2023, indicating an increase in investment expenditures[30] - The company reported a significant investment income of RMB 385.53 million from joint ventures in Q1 2024, compared to RMB 92.76 million in the same period last year[34] Market Performance - Revenue growth in the Chinese market was 8.1%, with significant contributions from the refrigeration, washing, and aquatic industries[6] - Overseas revenue grew by 4%, with operating profit increasing by double digits despite challenges in the European and American markets[8] - Haier's market share in Europe increased by 0.9 percentage points to 9.0% in the first two months of 2024, driven by product innovation and brand rejuvenation[8] Expenses and Ratios - In Q1 2024, the sales expense ratio was 13.1%, optimized by 0.5 percentage points compared to Q1 2023, due to digital transformation improvements in marketing resource allocation and logistics efficiency[10] - The management expense ratio in Q1 2024 was 3.2%, optimized by 0.3 percentage points year-over-year, attributed to the application of digital tools and enhanced organizational efficiency[10] - The R&D expense ratio increased to 4.3% in Q1 2024, up by 0.1 percentage points from Q1 2023, reflecting the company's focus on core technologies in the smart home sector[11] - Research and development expenses in Q1 2024 amounted to ¥2,942,378,189.55, compared to ¥2,739,021,316.21 in Q1 2023, representing an increase of 7.4%[27] Assets and Liabilities - The asset-liability ratio at the end of Q1 2024 was 57.3%, a decrease of 0.9 percentage points from the end of 2023, mainly due to profit growth[16] - The company's total assets increased to RMB 103.98 billion as of March 31, 2024, up from RMB 96.43 billion at the end of 2023, representing a growth of approximately 7.9%[32] - Total liabilities rose to ¥147,846,712,310.78, compared to ¥147,468,116,628.46, reflecting a year-over-year increase of 0.3%[26] - The company's total current assets reached RMB 41.54 billion, an increase of 20.6% from RMB 34.39 billion in the previous year[32] Shareholder Information - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 4.16 billion, up from CNY 3.26 billion in Q1 2023, a growth of about 27.5%[28] - The total equity attributable to shareholders was RMB 45.91 billion, slightly up from RMB 45.88 billion, indicating a stable equity position[33] - As of the end of the reporting period, the company has repurchased a total of 83,349,394 shares at a maximum price of RMB 24.96 per share and a minimum price of RMB 20.15 per share, totaling RMB 1.88 billion[22]

Financial Performance - Global revenue reached 261.422 billion yuan, a year-on-year increase of 7.3%, and net profit attributable to shareholders reached 16.597 billion yuan, a year-on-year increase of 12.8%[6] - Revenue in 2023 reached 261.422 billion yuan, a year-on-year increase of 7.3%[25] - Net profit attributable to shareholders in 2023 was 16.597 billion yuan, up 12.8% year-on-year[25] - Gross profit margin in 2023 was 30.9%, an increase of 0.3 percentage points compared to 2022[25] - Sales and distribution expense ratio in 2023 was 15.7%, optimized by 0.1 percentage points year-on-year[25] - Operating cash flow in 2023 was 25.262 billion yuan, an increase of 5.007 billion yuan compared to 2022[26] - Revenue in 2023 reached RMB 261,422 million, a 7.3% increase compared to RMB 243,550 million in 2022[87] - Net profit attributable to shareholders in 2023 was RMB 16,597 million, up 12.8% from RMB 14,712 million in 2022[87] - Revenue from the air energy solutions segment grew by 13.1% to RMB 46,104 million in 2023[88] - Overseas revenue accounted for RMB 136,412 million, representing 7.6% growth compared to 2022[89] - The company's gross profit margin improved due to product mix optimization and cost control measures[90] - Revenue from the home appliance segment in China increased by 7.0% to RMB 125,010 million[89] - The company's operating profit margin expanded to 6.6% in 2023, up from 6.2% in 2022[88] - The company's overseas operating profit reached RMB 6,370 million in 2023[90] - The company's EPS increased by 13.3% to RMB 1.79 in 2023[88] - Refrigerator/Freezer revenue increased by 5.2% from RMB 77,842 million in 2022 to RMB 81,910 million in 2023[91] - Kitchen appliance revenue rose by 6.9% from RMB 38,953 million in 2022 to RMB 41,654 million in 2023[91] - Air energy solutions revenue grew by 13.1% from RMB 40,758 million in 2022 to RMB 46,104 million in 2023[92] - Home laundry solutions revenue increased by 6.2% from RMB 57,909 million in 2022 to RMB 61,492 million in 2023[93] - Whole-house water solutions revenue rose by 8.5% from RMB 14,134 million in 2022 to RMB 15,336 million in 2023[94] - Net profit attributable to the company's owners increased by 12.8% from RMB 14,712 million in 2022 to RMB 16,597 million in 2023[95] - Adjusted operating profit grew by 14.9% from RMB 15,014 million in 2022 to RMB 17,250 million in 2023[96] - The company's overall gross margin increased by 0.3 percentage points to 30.9% in 2023[98] - Sales and distribution expenses as a percentage of revenue decreased by 0.1 percentage points to 15.7% in 2023[99] - Net asset value increased by 11.8% from RMB 94,750 million in 2022 to RMB 105,912 million in 2023[105] - Trade receivables and bills turnover days decreased to 38 days in 2023, down by 2 days compared to 2022, due to effective management[106] - Inventory turnover days decreased to 82 days in 2023, down by 6 days compared to 2022, driven by optimized inventory control[107] - Trade payables and bills turnover days decreased to 138 days in 2023, down by 7 days compared to 2022, due to improved payment efficiency[107] - Net cash flow from operating activities in 2023 was RMB 25,262 million, with a net profit cash content of 1.51, reflecting increased operating profit and efficiency[109] - Net cash outflow from investing activities in 2023 was RMB 17,085 million, a 91.4% increase compared to 2022, primarily due to increased payments for non-current assets and financial products[109][110] - Net cash outflow from financing activities in 2023 was RMB 7,841 million, a 101.1% increase compared to 2022, mainly due to higher repayments of borrowings and dividends paid[111] - The company's cash and cash equivalents, along with financial assets in wealth management products, amounted to RMB 27,599 million at the end of 2023, a 4.5% decrease from 2022, due to increased debt investments[112][113] - The return on cash and cash equivalents and financial assets in wealth management products increased by 62.9% to RMB 1,497 million in 2023, driven by improved fund management efficiency[113] - The company's net profit for the year ended December 31, 2023, is detailed in the financial statements on pages 141 to 295[187] - The company proposed a final dividend of RMB 8.04 per 10 shares for the year ended December 31, 2023, compared to RMB 5.6692 per 10 shares in 2022[187] - The company repurchased 8,483,600 H shares in 2023, with a total payment of HKD 199.14 million[192] - The company repurchased 63,980,252 A shares in 2023, with a total payment of RMB 1,431.95 million[194] - As of December 31, 2023, the company's distributable reserves amounted to approximately RMB 7.48 billion, with RMB 7.47 billion proposed as the final dividend for the year[197] Market Share and Sales Performance - Over 100 million home appliances were sold in more than 200 countries and regions globally[7] - Haier's refrigerator and washing machine market share in China exceeds 40%, with embedded refrigerators creating new consumer demand and integrated washer-dryers leading the industry in the US[9] - Haier's dishwasher business in China is expected to grow rapidly as the market penetration rate is currently less than 4%[9] - Haier's home air conditioning and central air conditioning businesses are in the second tier domestically, with significant development opportunities ahead[10] - Haier's water heater business leads domestically but lacks international presence, with plans to expand into emerging markets[10] - Haier's IoT strategy focuses on integrating home appliances and smart home solutions, with the acquisition of Carrier's global commercial refrigeration business to enhance its cold chain capabilities[11] - Haier's "Three-Winged Bird" platform supports integrated design and transparent shopping experiences, driving adoption of smart small appliances[11] - Haier's magnetic levitation and air suspension technologies in commercial applications have a design lifespan of 30 years with low maintenance costs[10] - Haier's global R&D platform and local supply chain layout aim to expand market share in Europe and Southeast Asia, where it currently ranks outside the top three[9] - The company's high-end market share in the domestic market has significantly increased, with the sales of Casarte's flat-embedded refrigerators growing by 120% year-on-year[28] - The company's refrigerator products achieved a retail sales share of 52.8% in the 10,000 RMB price segment, an increase of 4 percentage points year-on-year[28] - The company's user conversion efficiency improved by 8% through enhanced retail capabilities and digital marketing[28] - The company's production efficiency increased by over 10% through the integration of manufacturing and digital technologies[28] - The company's kitchen appliance business achieved global revenue of 41.654 billion RMB, a year-on-year increase of 6.9%[31] - The company's washing machine business achieved global revenue of 61.492 billion RMB, a year-on-year increase of 6.2%[34] - The company's dryer revenue increased by 20% year-on-year, with a production capacity increase of 2 million units[35] - The company's air energy solutions business achieved revenue of 46.104 billion RMB, a year-on-year increase of 13.1%[37] - The company's high-end product strategy in the North American market led to a 4 percentage point increase in the market share of products priced above 599 euros[36] - The company's high-end air conditioner, Casarte Nebula, sold 110,000 units in its first year, driving the high-end market share above 10,000 RMB to 37%, ranking first in the high-end market[38] - The company's smart building industry achieved global revenue growth of over 14% in 2023, with domestic market revenue exceeding 5 billion RMB, and domestic market share increased by 0.8 percentage points to 9.5%, ranking fourth[40] - The company's water industry achieved global revenue of 15.336 billion RMB in 2023, an 8.5% increase compared to 2022, with domestic revenue exceeding 12 billion RMB[43] - The company's gas water heater business achieved a compound annual growth rate of over 20% from 2021 to 2023[44] - The company's heat pump business saw product revenue growth of 20% in 2023, with the launch of a fully variable frequency high-temperature heat pump product capable of producing 90℃ hot water[41] - The company's self-made core module rate increased by 10%, achieving self-production of 19 core modules, reducing costs[44] - The company's new factory in Zhengzhou for self-made computer boards started mass production in March 2023, with an annual output of 2 million units, expected to optimize costs by over 10 million RMB[38] - The company's compressor joint venture with Haili Co., Ltd. is expected to start production in Q1 2024, further enhancing the supply chain integration[38] - The company's market share in Pakistan and Thailand ranked first in 2023, with brand share growth in Southeast Asia and Western Europe retail channels[39] - The company acquired Tongfang Energy Technology Development Co., Ltd. in September 2023, enhancing integrated heating and cooling operation services and clean energy utilization capabilities[41] - China market share reached 28%, up 1 percentage point year-over-year[46] - Online retail sales achieved double-digit growth in 2023, with customer acquisition costs optimized by 7%[46] - Casarte retail sales increased by 14% in 2023, ranking first in high-end home appliance user attention on Xiaohongshu[47] - Sanyingniao store retail sales surged by 84% in 2023, with over 60% of sales coming from complete sets[47] - Overseas market revenue reached 136.412 billion yuan, a 7.6% increase from 2022[48] - North America market revenue grew by 4.1% to 79.751 billion yuan in 2023[49] - Europe market sales revenue increased by 23.9% to 28.544 billion yuan, with retail volume share rising by 1 percentage point to 9.1%[50] - In Australia, the company's sales volume share increased by 1 percentage point, and retail sales share grew by 0.7 percentage points[51] - In New Zealand, market share for kitchen appliances and dishwashers increased by 4% and 2%, respectively[51] - South Asia market achieved revenue of 9.521 billion yuan, a year-on-year increase of 14.9%[52] - In India, the market share of high-end products increased by 4 percentage points, and the cumulative sales of the side T refrigerator reached 30,000 units[52] - In Pakistan, the company established over 300 exclusive stores, achieving a local currency revenue growth of 20% and a market share of 40%[52] - Southeast Asia market contributed revenue of 5.78 billion yuan, a year-on-year increase of 11.6%[53] - In Vietnam, the Color AI washing machine achieved a price index exceeding 150 and a market share of over 20%[53] - Japan market achieved revenue of 3.662 billion yuan, a year-on-year increase of 2.6% (5.1% in local currency)[54] - The number of active users in the community washing business exceeded 2 million, with over 53,000 devices[54] - User complaints decreased by 24% through the user experience cloud platform[55] - Domestic market single-model output efficiency increased by 19%, and material model numbers decreased by 8%[55] - Domestic factory manufacturing cost rate optimized by 4%, and per capita efficiency increased by 16%[55] - The retail sales of the water heater industry in 2023 reached 50.5 billion yuan, a year-on-year increase of 7.4%, with electric water heaters at 23.3 billion yuan (up 4.0%) and gas water heaters at 27.2 billion yuan (up 10.4%)[57] - The retail sales of the water purifier industry in 2023 reached 20.5 billion yuan, a year-on-year increase of 10.7%[57] - The global home appliance retail market size in 2023 reached 530.106 billion USD, with core appliances at 287.023 billion USD (flat YoY) and small appliances at 243.084 billion USD (up 3.3%)[58] - In 2023, the refrigerator and air conditioning retail sales on the Douyin platform increased by 121% and 164%, respectively[57] - The global home appliance retail market size is expected to reach 540.6 billion USD in 2024, with core appliances at 292.5 billion USD (up 1.9%) and small appliances at 248.2 billion USD (up 2.1%)[61] - The company has been the global leader in large home appliance retail volume for 15 consecutive years, with Haier brand refrigerators and washing machines ranking first globally for 16 and 15 consecutive years, respectively[62] - Global smart home solutions leader with a comprehensive product portfolio, including smart kitchen, laundry, air, and water solutions, supported by the Haier Smart Home App and offline experience centers[63] - In 2023, the company ranked first in Asia with a 26% market share, second in the Americas with 15.8%, first in Australia and New Zealand with 14.6%, and fourth in Europe with 8.8% in the major home appliance market (retail volume)[64] - The Casarte brand dominates China's high-end home appliance market, with a 50% share in refrigerators and 28% in air conditioners priced above 15,000 RMB, and an 84% share in washing machines priced above 10,000 RMB[67] - The company has expanded its overseas operations through acquisitions, including GE Appliances in 2016 and Fisher & Paykel in 2018, enhancing its global presence[64] - The company's smart air solutions include interconnected products for multi-room air conditioning, air purification, and smart air quality monitoring, catering to diverse user needs[64] - The company's water solutions feature interconnected products for hot water, water purification, and soft water treatment, addressing comprehensive household water needs[64] - The company's high-end brand strategy includes Monogram, Café, and GE Profile in North America, with products like the Combo washer-dryer boosting brand image[67] - The company's smart laundry solutions, such as the Zhongzi Mei washing machine, offer integrated washing, drying, and garment care, enhancing user convenience[63] - The company's smart building solutions align with China's "dual carbon" strategy, focusing on energy efficiency and green building technologies[64] - The company has established a global presence with 10+N innovation ecosystems, 122 manufacturing centers, and 108 marketing centers, covering nearly 230,000 sales outlets worldwide[69] - The company operates seven major brand clusters, including Haier, Casarte, Leader, GE Appliances, Candy, Fisher & Paykel, and AQUA, catering to diverse consumer segments across global markets[70] - The company has successfully integrated multiple acquisitions, such as GE Appliances (2016), Fisher & Paykel (2018), and Candy (2019), leveraging its "Rendanheyi" model to enhance post-acquisition performance[71] - The company has developed a global collaborative R&D system, exemplified by the H20 spray technology for dishwashers, co-developed with FPA and CANDY teams, achieving leading product performance[72] - The company has implemented a global supply chain digital management system, using intelligent algorithms to optimize global production capacity and enhance manufacturing competitiveness[72] - The company has introduced innovative technologies, such as magnetic-controlled fresh-keeping technology for refrigerators and 3D透视烘干技术 for dryers, addressing user pain points and setting industry benchmarks[75] - The company has achieved 16 National Science and Technology Progress Awards, ranking first in the industry, and won the highest award in the Ministry of Science and Technology's Disruptive Technology Innovation Competition for two consecutive years[76] - The company holds over 103,000 global patent applications, including 67,000 invention patents, and has been ranked first in the "Global Smart Home Invention Patent Rankings" for ten consecutive years with 6,152 patent applications in 2023[77] - The company has launched the X11 washing machine, meeting Europe's highest energy efficiency standard of A-40%, and developed the first vertical domain model for smart homes, earning the industry's highest "Double 4+" rating[75] - The company has established a global procurement committee, creating a digital procurement platform to enhance supply chain resilience and achieve cost efficiency through shared resources and unified procurement rules[72] - Haier Smart Home has led and participated in the release of 97 international standards and 678 national/industry standards by the end of 2023, making it the only company in the industry to comprehensively cover smart home standards of international organizations such as IEC, ISO, IEEE, OCF, and Matter[78] - Haier has won over 600 international design awards, including 6 international design gold awards, the most in the industry, and 3 "China Excellent Industrial Design Gold Awards" from the Ministry of Industry and Information Technology, making it the only company to win three consecutive gold awards[79] - Haier Smart Home has established a global ESG governance framework, including a Board ESG Committee, a Global ESG Execution Office, and a Global ESG Execution Working Group

股票简称：海尔智家 股票代码：600690 公告编号：临 2024-019 海尔智家股份有限公司 关于召开 2023 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于本公告披露日至 2024 年 5 月 15 日（星期三）16:00 前通过公司邮箱 finance@haier.com 进行提问，或于 2024 年 5 月 9 日 （星期四）至 5 月 15 日（星期三）16:00 前登录上证路演中心网站首 页点击"提问预征集"栏目进行提问。公司将在说明会上对投资者普遍 关注的问题进行回答。 海尔智家股份有限公司（以下简称"公司"）已于 2024 年 3 月 28 日发布公司 2023 年年度报告，为便于广大投资者更全面深入地了解 公司 2023 年度经营成果、财务状况，公司计划于 2024 年 5 月 16 日 下午 15:00-16:00 举行 2023 年度业绩说明会，就投资者关 ...