Core Viewpoint - Haier Smart Home announced an adjustment to its profit distribution plan for the first half of 2025, maintaining the cash dividend per share despite changes in the number of repurchased shares [1] Summary by Relevant Sections - **Profit Distribution Adjustment** - The original plan was to distribute a cash dividend of RMB 2.69 per 10 shares (tax included), totaling RMB 25.07 billion (tax included) [1] - Due to changes in the number of repurchased shares, the adjusted plan still maintains a cash dividend of RMB 2.69 per 10 shares (tax included) [1] - **Total Share Capital** - The total share capital eligible for profit distribution has been adjusted to 9.312 billion shares [1]

Group 1: Core Insights - The People's Bank of China and the State Administration of Foreign Exchange in Qingdao are advancing "technology finance" initiatives in alignment with national directives, focusing on enhancing mechanisms, credit supply, direct financing, and service capabilities [1][2][10] Group 2: Strengthening Policy Guidance - The primary task is to establish a technology finance system that aligns with high-quality development, creating a collaborative ecosystem involving government and financial institutions [2][3] - A "1+N" policy framework has been developed, involving 10 departments and 13 specific documents to guide technology finance development [2][3] Group 3: Enhancing Credit Supply - Structural monetary policy tools are being utilized to create a policy-driven technology finance product system, providing significant credit support to innovative enterprises [4][5] - By the end of September, 563 enterprises received loans totaling 6.68 billion yuan through technology innovation and technical transformation re-loans, leading the province in loan issuance [4] Group 4: Promoting Direct Financing - The introduction of a "technology board" in the bond market aims to facilitate the issuance of technology innovation bonds by various market participants [6][7] - As of September 2025, 10 technology innovation bonds were issued, raising 5.59 billion yuan, with significant participation from local enterprises [8][9] Group 5: Improving Financial Services - The establishment of specialized technology financial institutions is underway, with 15 branches already designated as technology finance specialty branches [10][11] - A comprehensive service system for technology enterprises has been created, covering over 20,000 companies and matching them with at least two key banks [11][12] Group 6: Enhancing Foreign Exchange Services - Pilot programs for cross-border financing have been initiated, increasing the facilitation limit for eligible enterprises from 5 million to 10 million USD [14] - By September 2025, 35 foreign debt registrations were completed, amounting to 126 million USD, reflecting the growing demand for cross-border financing among high-tech enterprises [14]

Core Insights - Qingdao's first private equity investment institution has been approved for a technology innovation bond registration quota of 300 million yuan, expanding the issuance of technology innovation bonds to cover all three types of entities in the city [1] Group 1: Technology Innovation Bonds - The People's Bank of China and the China Securities Regulatory Commission established the "technology board" system for the bond market, which supports the issuance of technology innovation bonds [1] - As of the end of September, two technology enterprises and two financial institutions in Qingdao have issued a total of 4.5 billion yuan in technology innovation bonds [1] Group 2: Qingdao Rural Commercial Bank - Qingdao Rural Commercial Bank successfully issued 1 billion yuan in technology innovation bonds on June 23, with an interest rate of 1.75% and a subscription multiple of 4.55, marking the first such bond for a local bank in Shandong province and nationwide for rural commercial banks [2] - The bank has a full license as a primary dealer in the open market and a market maker in the interbank bond market, allowing it to effectively connect policy supply with the needs of technology enterprises [2][3] Group 3: Fund Allocation - The funds raised from the bond issuance have been fully allocated, focusing on three main areas: core technology breakthroughs, results transformation for early-stage startups, and support for the growth of small and micro enterprises, with 97% of the funding directed towards small and micro enterprises [3] Group 4: Haier Smart Home - Haier's innovative product, the Leader three-tube lazy washing machine, has achieved over 200,000 units delivered within two months, supported by the company's emphasis on technology innovation and a competitive funding strategy [4] - The company has utilized technology innovation bonds to diversify its financing channels, which has provided strong support for balancing business development needs and costs [4][5] - Haier successfully issued medium-term notes of 2 billion yuan with a term of 3 years at an interest rate of 1.66%, demonstrating effective low-cost financing [6]

Core Viewpoint - Haier Smart Home has shown a positive market performance with a 1.04% increase in stock price, reaching a market capitalization of 237.95 billion yuan [1] Company Overview - Haier Group, founded in 1984, has expanded from producing refrigerators to a wide range of sectors including home appliances, IT, logistics, finance, real estate, and biopharmaceuticals, becoming a global leader in providing solutions for a better life [2] - The company holds a 10.2% share of the global retail volume in 2014, maintaining its position as the world's leading large home appliance brand for six consecutive years [2] Shareholder Information - Among the top ten circulating shareholders, Central Huijin Asset Management Co., Ltd. and China Securities Finance Corporation Limited are included [3] Technology and Product Focus - The company utilizes Strauss's MAZE technology, leading in the water purifier market [4] - Haier Wireless, a subsidiary of Haier Group, focuses on wireless charging and has participated in setting national industry standards for electromagnetic compatibility and radiation, also investing in Intel's wireless charging technology team [4] - The main business involves the research, production, and sales of home appliances, including refrigerators, kitchen appliances, air conditioners, washing machines, water appliances, and other smart home solutions [4] Financial Performance - For the first half of 2025, Haier Smart Home achieved a revenue of 156.49 billion yuan, a year-on-year increase of 15.39%, and a net profit attributable to shareholders of 12.03 billion yuan, up 15.48% year-on-year [8] Dividend Distribution - Since its A-share listing, Haier Smart Home has distributed a total of 46.155 billion yuan in dividends, with 21.766 billion yuan distributed over the past three years [9] Shareholder Structure - As of June 30, 2025, the number of shareholders reached 207,500, an increase of 9.97% from the previous period [8] - Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 450 million shares, a decrease of 131 million shares from the previous period [9]

据报道，海尔智家(06690)正考虑分拆旗下物联网平台卡奥斯(Cosmoplat)在港上市。 本文作者可以追加内容哦 ! 据报道，海尔智家(06690)正考虑分拆旗下物联网平台卡奥斯(Cosmoplat)在港上市。报道指，海尔正跟 中金公司及汇丰就卡奥斯拟明年在港上市进行磋商，消息人士表示，海尔或透过卡奥斯IPO筹资约5亿 美元，但具体上市规模及时间尚未正式落实。 公开资料显示，卡奥斯是工业互联网平台，为制造业、电子、模具、纺织和化工等产业提供服务；同时 涵盖智能供应链、采购和制造，及企业解决方案等范畴。追加内容 ...

智通财经APP获悉，据报道，海尔智家(06690)正考虑分拆旗下物联网平台卡奥斯(Cosmoplat)在港上市。 报道指，海尔正跟中金公司及汇丰就卡奥斯拟明年在港上市进行磋商，消息人士表示，海尔或透过卡奥 斯IPO筹资约5亿美元，但具体上市规模及时间尚未正式落实。 公开资料显示，卡奥斯是工业互联网平台，为制造业、电子、模具、纺织和化工等产业提供服务；同时 涵盖智能供应链、采购和制造，及企业解决方案等范畴。 该信息由智通财经网提供 ...

Core Viewpoint - Haier Smart Home is considering a spin-off of its IoT platform, Cosmoplat, for a potential IPO in Hong Kong, aiming to raise approximately $500 million [1] Group 1: Company Overview - Haier Smart Home (600690)(06690) is in discussions with China International Capital Corporation and HSBC regarding the IPO of Cosmoplat [1] - Cosmoplat is an industrial internet platform that provides services to various industries including manufacturing, electronics, molds, textiles, and chemicals [1] Group 2: Financial Aspects - The potential IPO is expected to raise around $500 million, although the specific scale and timing of the listing have not been finalized [1] - The discussions regarding the IPO are ongoing, indicating a strategic move to enhance capital through the public market [1] Group 3: Service Offerings - Cosmoplat encompasses smart supply chain, procurement, manufacturing, and enterprise solutions, highlighting its comprehensive service range [1]

Group 1 - Haier Group is in discussions with China International Capital Corporation and HSBC to promote the IPO of its industrial internet platform, COSMOPlat, on the Hong Kong Stock Exchange by 2026, aiming to raise approximately $500 million (about 3.549 billion RMB) [1][3] - COSMOPlat was founded by Haier Group in April 2017, leveraging nearly 40 years of manufacturing experience, and is based on a large-scale customization model with full user participation in the industrial internet [3] - The funds raised from the IPO are intended for technology research and development, market expansion, and ecosystem construction [3] Group 2 - Haier Group currently has seven listed companies, including Haier Smart Home (A-shares and H-shares), Haier Biomedical, and Yinkang Life, covering sectors such as home appliances, biotechnology, and healthcare [3]

Core Viewpoint - Shandong province is establishing a platform for the supply and demand of elderly-friendly products, aiming to promote the development of innovative products with health monitoring and interaction features, benefiting both the elderly and enterprises [1] Group 1: Industry Development - Shandong is focusing on the development of the elderly products industry, leveraging the growing consumer demand among the elderly [1] - The province is encouraging companies in textiles, furniture, home appliances, medical devices, and robotics to accelerate the development of elderly-friendly products [1] - A total of 119 products have been included in the Ministry of Industry and Information Technology's promotion directory for elderly products, ranking second nationally [1] Group 2: Furniture Manufacturing - The furniture manufacturing industry is a traditional strength of Shandong and is a key area for developing light industry [1] - The provincial government is supporting companies to explore new markets for elderly-friendly products through the "chain leader" mechanism [1] - Notable companies such as Shandong Bangjie and Puzhe Health are accelerating their development in elderly-friendly furniture, with major brands like Haier and Wanhuan also entering this sector [1]

Core Insights - Haier's participation in the 138th China Import and Export Fair (Canton Fair) showcases its innovative AI products, particularly the AI refrigerator, which has received multiple prestigious awards [1][2] - The company's success is attributed to localized innovations that cater to the specific needs of different regions, leading to significant market recognition and sales growth [2][3] Group 1: Product Innovation - Haier's AI refrigerator features advanced capabilities such as AI preservation, dietary recommendations, and smart food management, enhancing user experience [1] - The "AI Eye" technology in Europe can identify 210 types of ingredients, providing tailored preservation solutions [2] - The S+ refrigerator in India, designed for local vegetarian preferences, has become Amazon's best-selling model [2] Group 2: Market Performance - Haier has achieved 17 consecutive years of global leadership in refrigerator sales, with significant growth in various regions [2] - In Southeast Asia, Haier refrigerators hold the top sales position, with large refrigerator sales increasing by over 50% [2] - The brand has maintained the top position in Australia for three consecutive years and is experiencing rapid growth in Japan for large refrigerators [2]