Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 海爾智家股份有限公司 董事會提名委員會實施細則 （2025年修訂） 第一章 總則 第一條 為規範公司領導人員的產生，優化董事會組成，完善公司治理結構，根據 《中華人民共和國公司法》、《香港聯合交易所有限公司證券上市規則》（以下簡稱 「《香港上市規則》」）、《上市公司治理準則》、《海爾智家股份有限公司章程》（以下簡 稱「《公司章程》」）及其他有關規定，公司特設立董事會提名委員會，並制定本實施 細則。 第二條 董事會提名委員會是董事會按照股東會決議設立的專門工作機構，主要負 責對公司董事和高級管理人員的人選、選擇標準和程序進行選擇並提出建議。 第三章 職責權限 – 2 – 第二章 人員組成 第三條 提名委員會委員由三至七名董事組成，獨立董事應佔多數。 第四條 提名委員會委員由董事長、二分之一以上獨立董事或者全體董事的三分之 一提名，並由董事會選舉產生。 * 僅供識別 – 1 – 第五條 提名委員會設主任委員（召集人）一名，由獨立董事委員擔任，負責主持委 員會工作；主任委員在 ...

Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 海爾智家股份有限公司 董事會審計委員會實施細則 （2025年修訂） 第一章 總則 第一條 為強化董事會決策功能，做到事前審計、專業審計，確保董事會對經理層 的有效監督，完善公司治理結構，根據《中華人民共和國公司法》《香港聯合交易所 有限公司證券上市規則》（以下簡稱「《香港上市規則》」）《上市公司治理準則》、《上海 證券交易所上市公司自律監管指引第1號 — 規範運作》《海爾智家股份有限公司章 程》（以下簡稱「《公司章程》」）及其他有關規定，公司特設立董事會審計委員會，並 制定本實施細則。 第二條 董事會審計委員會是董事會按照股東會決議設立的專門工作機構，主要負 責公司內、外部審計的溝通、監督和核查工作。 第三條 公司為審計委員會提供必要的工作條件，公司董事會秘書承擔審計委員會 的工作聯絡、會議組織、材料準備和檔案管理等日常工作。審計委員會履行職責 時，上市公司管理層及相關部門須給予配合。 * 僅供識別 – 1 – 第二章 人員組成 第四條 審計委員會委員由三至五名董事組成 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 公告 建議修訂公司章程 海爾智家股份有限公司（「本公司」）董事會（「董事會」）宣佈： 為進一步完善公司治理，促進本公司規範運作、穩健經營，根據《中華人民共和國 公司法》《中華人民共和國證券法》《上市公司章程指引》《上海證券交易所股票上市規 則》《上海證券交易所上市公司自律監管指引第1號 — 規範運作》等有關法律法規、 規範性文件的相關要求，並結合本公司實際情況，本公司擬對現行有效的《海爾智 家股份有限公司章程》（「公司章程」）進行修改。本次章程修改生效後，本公司將不 再設置監事會，監事會的職權由董事會審計委員會等行使，《海爾智家股份有限公 司監事會議事規則》相應廢止。在本公司第十二屆董事會審計委員會成立之前，本 公司第十一屆監事會應當繼續遵守中國證監會等原有制度規 ...

本公司董事會於2025年4月29日召開會議審議通過了《海爾智家股份有限公司2025 年度A股核心員工持股計劃（草案）及摘要》及《海爾智家股份有限公司2025年度H股 核心員工持股計劃（草案）及摘要》，受益人李華剛、邵新智、宮偉三名董事於審議 該議案時回避表決。2025年度A股核心員工持股計劃及2025年度H股核心員工持股 計劃將提交股東大會審批。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 公告 2025年度A股核心員工持股計劃及 2025年度H股核心員工持股計劃 茲提述海爾智家股份有限公司（「公司」、「本公司」）日期為2021年5月25日的公告及 2021年6月4日的通函，內容有關（其中包括）A股核心員工持股計劃（2021年–2025 年）及H股核心員工持股計劃（2021年–2025年）（合稱「2021– ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 註銷2021年A股股票期權激勵計劃、2022年A股股票期權激勵計劃 部分股票期權 茲提述海爾智家股份有限公司（「本公司」或「公司」）日期為2021年7月29日及2022年4 月28日之公告，日期為2021年8月31日及2022年6月7日之通函（「通函」）以及日期為 2021年9月15日及2022年6月28日之投票結果公告，內容有關（其中包括）本公司建議 採納2021年A股股票期權激勵計劃（「2021年激勵計劃」）及2022年A股股票期權激勵 計劃（「2022年激勵計劃」）。除非在本公告中另有定義，本公告所用詞彙與通函所界 定者具有相同涵義。 – 1 – 一、 2021年激勵計劃部分股票期權註銷 – 2 – 二、 2022年激勵計劃部分股票期權註銷 1、 部分激勵對 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 公告 董事會換屆選舉 及 選舉職工董事 海爾智家股份有限公司（「本公司」）董事會（「董事會」）於2025年4月29日召開會議， 審議並一致通過（其中包括）《海爾智家股份有限公司關於董事會換屆暨選舉非獨立 董事的議案》《海爾智家股份有限公司關於董事會換屆暨選舉獨立董事的議案》，提 名第十二屆董事會非職工董事候選人。同日，本公司召開2025年第一次職工代表大 會（「職工代表大會」），選舉孫丹鳳女士（「孫女士」）為第十二屆董事會職工董事。 董事會換屆選舉 鑒於第十一屆董事會將於2025年6月屆滿，根據《中華人民共和國公司法》《海爾智家 股份有限公司章程》的有關規定以及董事會提名委員會的意見，董事會審議通過第 十二屆董事會董事候選人名單如下： – 1 – 1. 執行董事候 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 經修訂2024年年度股東大會通告 – 2 – 9. 審議及批准關於續簽《海爾智家股份有限公司與海爾集團公司之產品及物料採 購框架協議》的議案 10. 審議及批准關於2025年度公司及子公司預計擔保額的議案 11. 審議及批准關於開展外匯資金衍生品業務的議案 12. # 審議及批准關於提請股東大會給予董事會一般性授權以決定發行境內外債務 融資工具的議案 13. # 審議及批准關於提請股東大會給予董事會增發公司A股股份的一般性授權的議 案 14. # 審議及批准關於提請股東大會給予董事會增發公司H股股份的一般性授權的議 案 15. # 審議及批准關於提請股東大會給予董事會增發公司D股股份的一般性授權的議 案 16. # 審議及批准關於提請股東大會給予董事會一般性授權以 ...

Core Insights - Haier Smart Home reported a revenue increase of 10.06% year-on-year for Q1 2025, reaching approximately 79.12 billion yuan, with a net profit growth of 15.09% to about 5.49 billion yuan [1][5] - The company is actively pursuing digital transformation in the Chinese market, focusing on digital inventory and marketing strategies, which have contributed to a 7.8% revenue growth in this segment [2][5] - The high-end brand Casarte has shown significant growth, exceeding 20%, indicating strong performance in the premium market [2][3] Chinese Market Performance - Revenue in the Chinese market grew by 7.8%, with the high-end brand Casarte being a key driver of this growth [2] - The gross margin slightly increased to 25.4%, reflecting effective cost control measures amidst rising raw material costs [2][5] - The introduction of over 60 new professional customers in the digital inventory sector and a retail sales increase of over 100% in the POP channel highlight the success of digital initiatives [2] Overseas Market Performance - Haier Smart Home's overseas revenue grew by 12.6%, showcasing effective strategies in high-end branding and localization [3] - The company is leveraging "technology + brand + digitalization" to drive product upgrades and channel innovation, aligning with industry trends towards high-end and intelligent products [3] - Significant growth was observed in North America, with double-digit increases in high-end brand revenue and triple-digit growth in emerging sectors like HVAC [6] Regional Highlights - In Europe, market share for refrigerators and washing machines has improved in countries such as Italy, France, the UK, and Spain [6] - Emerging markets in South Asia, Southeast Asia, and the Middle East and Africa have also shown rapid growth, particularly in India, Vietnam, Thailand, and Egypt, where market share has significantly increased [6]

Financial Performance - In 2024, Haier Smart Home achieved a global revenue of CNY 285.971 billion, representing a year-on-year growth of 4.3%, and a net profit attributable to shareholders of CNY 18.741 billion, up 12.9% year-on-year[11]. - The net cash flow from operating activities for 2024 was CNY 26.543 billion, which is 1.4 times the net profit[12]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[1]. - The company provided an optimistic outlook, projecting a revenue growth of 25% for the next quarter, aiming for $1.875 billion[3]. - The company achieved a revenue of 285.971 billion yuan in 2024, representing a 4.3% increase compared to the same period in 2023[60]. - The net profit attributable to shareholders of the parent company for 2024 was 18.741 billion yuan, an increase of 12.9% year-on-year[60]. - The adjusted operating profit for 2024 is forecasted at RMB 20,437 million, reflecting a 14.9% increase from RMB 17,793 million in 2023[173]. - The gross profit margin for 2024 was approximately 27.2%, an increase of 0.3 percentage points year-on-year[184]. Market Expansion - In the U.S. market, GE Appliances' HVAC revenue grew by 70%, and the company achieved double-digit growth in RV appliances[15]. - Haier's revenue in India surpassed USD 1 billion for the first time in 2024, with a year-on-year growth of over 30%[17]. - The company completed the acquisition of Kwikot, a leading water heater manufacturer in South Africa, to accelerate the globalization of its water industry[23]. - The company completed the acquisition of Carrier's commercial refrigeration business, expanding into retail refrigeration and cold storage, creating new growth points[25]. - The company is focused on expanding its overseas business operations, achieving notable results in management and operations[39]. - The company plans to enter three new international markets by Q3 2024[6]. - The company has expanded its manufacturing capabilities in Indonesia and Bangladesh, and the efficiency of the Egypt factory has rapidly improved since its launch in March 2024[82]. Product Innovation - The company launched new products such as the Apex oven and a new generation of stainless steel dishwashers, which received widespread recognition[15]. - The company introduced a new washing machine design that quickly pre-sold over 88,000 units within a week, showcasing its engagement with younger consumers[35]. - The company launched innovative products, including the TX refrigerator series with industry-leading preservation technology and a compact 8kg washing machine, which has significantly boosted sales[109]. - The company has successfully integrated advanced technologies from GE Appliances and others, enhancing user experience and energy efficiency in kitchen appliances[70]. - The company has introduced innovative laundry solutions, including a washing machine that combines washing, drying, and garment care[136]. Sustainability and ESG - The company launched numerous energy-saving and carbon-reducing green products globally in 2024, enhancing its commitment to sustainable development[31]. - The company was recognized as one of the "World's Best Employers" by Forbes for eight consecutive years and achieved an MSCI ESG rating upgrade to AA[32]. - Haier is committed to a "6 Green" strategy for sustainable development, integrating low-carbon and circular economy principles into its operations[161]. - The company is focusing on upgrading its smart heating and cooling solutions, enhancing its global market competitiveness in the HVAC sector[164]. Digital Transformation - The company has implemented a digital transformation strategy, enhancing operational efficiency and optimizing costs[39]. - The company aims to enhance its global supply chain resilience and efficiency by optimizing its supply chain network and establishing a diversified supplier system[168]. - The company has established a digital transformation strategy, enhancing operational efficiency and user experience, with a 24.7% conversion rate for new media marketing[110]. - The company is leveraging digital inventory systems to improve product turnover and reduce operational costs, enhancing overall business competitiveness[167]. Awards and Recognition - The company has won 17 national science and technology progress awards, with its home preservation technology recognized as the only award-winning technology in its category in 40 years[27]. - The company has received multiple awards for leadership and contributions to the home appliance industry, enhancing its brand reputation[39]. - The company has been recognized in multiple rankings, including Fortune's Global 500 and BrandZ's Top 100 Most Valuable Global Brands, highlighting its influence and leadership in the industry[142]. Strategic Acquisitions - The company completed a strategic acquisition of a tech startup for $100 million, enhancing its product offerings[7]. - The company has completed the acquisition of Electrolux's leading water heater business in South Africa, which will enhance its market presence in the region[108]. - The acquisition of the century-old South African water heater brand Kwikot expanded the company's market presence in Africa, significantly increasing brand awareness and market share[147]. Consumer Engagement - The Leader brand's market retail sales increased by 26% year-on-year in 2024, driven by innovative product design and marketing strategies targeting young consumers[26]. - The company has seen significant growth in both online and offline business revenues due to marketing channel reforms and the high-end brand strategy[39]. - A new marketing strategy was introduced, focusing on digital channels, which is expected to increase customer engagement by 30%[8]. Operational Efficiency - The company’s management expense ratio is expected to improve by 0.1 percentage points to 8.6% in 2024, benefiting from digital tools that enhance organizational efficiency[62]. - The company aims to optimize its supply chain with an agile response model, improving order response time by 13% and reducing customer capital occupation time by 7 days[111]. - The company has established a financial shared service center, pioneering a "cloud + end" financial management innovation model[42].

Core Viewpoint - The new trade-in policy, supported by a 300 billion subsidy, is reshaping three major industries: home appliances, automobiles, and consumer electronics, presenting investment opportunities for medium to long-term investors [1] Group 1: Home Appliances - The home appliance sector receives the largest subsidy, with up to 20% off for 12 product categories, capped at 2000 yuan per item. Sales surged by 23% year-on-year in the first four months of this year, with leading companies like Midea and Gree operating at full capacity [3] - High-end smart products, such as the Casarte series, have seen sales double post-subsidy, indicating a long-term trend of consumption upgrading [3] Group 2: Automotive Sector - The new energy vehicle segment is the biggest beneficiary, with a 20,000 yuan trade-in subsidy boosting sales. BYD's Han series orders exceeded 80,000 units in April [3] - The battery supply chain, including companies like CATL and Purtai, is also benefiting from this trend. The automotive aftermarket is highlighted as a promising area, with Tianqi's dismantling equipment orders extending to Q4 and Gree's battery recycling business achieving a gross margin of 28% [3] Group 3: Consumer Electronics - Although the subsidies in consumer electronics are smaller, they cover a wide range of products, including mobile phones and tablets. The Honor 90 series has over 40% of its sales through trade-in channels, and the inventory turnover days for core distributor Aishide have decreased to 15 days [3] - VR device manufacturer GoerTek has secured new orders from Meta, with expectations for Q3 performance to exceed forecasts [3] Group 4: Investment Strategy - Investment should focus on three dimensions: core leaders, supporting supply chains, and regional leaders. Recommended stocks include Midea Group and Haier Smart Home in home appliances, BYD and Top Group in new energy vehicles, and Luxshare Precision and Shenzhen South Circuit in consumer electronics [4] - Key timelines for investment include the release of home appliance energy-saving subsidy details in June, the launch of new energy vehicles in August, and the consumer electronics exhibition in November. Early positioning can capture policy-driven benefits [4] Group 5: Market Trends - The policy is expected to accelerate the concentration of the three industries. The market share of the top five companies in the home appliance sector has increased from 68% in 2019 to 79% currently, while the top ten automotive companies now hold over 92% market share [4] - The focus should be on companies with stable cash flow and a dividend yield exceeding 3% to seize structural opportunities [4]