（文章来源：每日经济新闻） 8月28日，海尔智家公告称，2025年上半年营业收入1564.9亿元，同比增长10.22%；归母净利润120.3亿 元，同比增长15.59%。 ...

Financial Performance - The company's operating revenue for the first half of 2025 reached CNY 156.49 billion, a year-on-year increase of 10.22% compared to CNY 141.98 billion in the same period last year[20]. - The total profit for the first half of 2025 was CNY 14.99 billion, reflecting a 15.53% increase from CNY 12.98 billion in the previous year[20]. - The net profit attributable to shareholders was CNY 12.03 billion, up 15.59% from CNY 10.41 billion in the same period last year[20]. - The net cash flow from operating activities increased by 32.23% to CNY 11.14 billion, compared to CNY 8.42 billion in the previous year[20]. - The basic earnings per share for the first half of 2025 was CNY 1.30, representing a 15.04% increase from CNY 1.13 in the same period last year[21]. - In the first half of 2025, the company achieved a net profit attributable to shareholders of 12.033 billion RMB, a 15.6% increase compared to the same period in 2024[54]. - The gross profit margin for the first half of 2025 reached 26.9%, an increase of 0.1 percentage points year-on-year, driven by cost efficiency improvements in both domestic and overseas markets[54]. - The company's operating cash flow for the first half of 2025 was 11.139 billion RMB, an increase of 2.715 billion RMB compared to the same period in 2024, attributed to increased operating profit and improved efficiency[55]. Market Overview - The domestic home appliance market's retail sales reached CNY 453.7 billion in the first half of 2025, showing a year-on-year growth of 9.2%[30]. - The retail volume of household air conditioners in the first half of 2025 was 38.45 million units, a 15.6% increase year-on-year[30]. - The retail sales of household air conditioners reached CNY 126.3 billion, reflecting a 12.4% year-on-year growth[30]. - The refrigerator industry in China achieved retail sales of 67.28 billion yuan, a year-on-year increase of 3.5%, with retail volume reaching 19.889 million units, up 2.7%[32]. - The laundry care industry saw retail sales of 47.6 billion yuan in the first half of 2025, growing 11.5% year-on-year, with retail volume at 21.03 million units, an increase of 10.1%[32]. - The kitchen appliance market experienced a retail sales growth of 3.9% year-on-year, with retail volume increasing by 5.4% in the first half of 2025[32]. - The water heater market showed a retail sales figure of 10.6 billion yuan for storage electric water heaters, down 1.0% year-on-year, while gas water heaters saw sales of 13.1 billion yuan, up 2.3%[33]. Strategic Acquisitions and Investments - The company completed the acquisition of Kaos Mould (Qingdao) Co., Ltd. in March 2025, which is classified as a business combination under common control[22]. - The company acquired the South African water heater brand Kwikot in 2024, enhancing its market presence and brand recognition in the region[47]. - The company has made significant acquisitions to expand its overseas business, including CCR and Kwikot, enhancing its capabilities in commercial refrigeration and water heater markets[48]. - The company plans to invest 1.784 billion RMB in a new project for 3 million washing machines[134]. - The company has invested 12.6 billion RMB in Haier Group Financial Co., holding a 42% stake[133]. Risk Management - The company faces risks from macroeconomic slowdown affecting market demand, particularly in the white goods sector, which is sensitive to consumer income levels and real estate market performance[145]. - Increased competition in the white goods industry may lead to price wars due to high product homogeneity and rising inventory levels in certain sub-sectors[146]. - The company is exposed to raw material price fluctuations, particularly for metals like steel, aluminum, and copper, which could pressure production costs[146]. - The potential for increased tariffs from major economies could impact the company's supply chain and profit margins, necessitating a reevaluation of supply chain strategies[147]. - Currency exchange rate fluctuations pose a financial risk as the company engages in international trade, with measures in place to hedge against such risks[147]. - The company has implemented risk control measures to manage market, liquidity, credit, operational, and legal risks associated with its derivative investments[141]. Corporate Governance and Compliance - The report indicates that the board of directors has ensured the authenticity, accuracy, and completeness of the financial report, with no significant omissions or misleading statements[4]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company guarantees the continuous and stable use of leased properties by Haier Smart Home and its subsidiaries[161]. - The company will take all reasonable measures to assist affected parties in restoring normal operations if any economic losses occur due to property ownership issues[162]. - The company has committed to ensuring fair pricing and compliance in related transactions, adhering to legal and regulatory requirements[161]. Research and Development - The company is actively investing in research and development to innovate and maintain brand influence amidst rapid technological advancements[145]. - Haier Smart Home has applied for over 116,000 patents globally, including over 75,000 invention patents, and ranked first in the "Global Smart Home Invention Patent Ranking" with 2,208 published patent applications as of June 2025[119]. - Haier's R&D expenses rose by 11.73% to ¥5.79 billion, reflecting the company's commitment to innovation[123]. Shareholder Information - The company plans to distribute cash dividends of RMB 2.69 per 10 shares, totaling RMB 2,506,684,210.62, which represents 20.83% of the net profit attributable to shareholders of the parent company[5]. - The total number of ordinary shareholders as of the end of the reporting period is 207,505[184]. - The largest shareholder, HKSCC NOMINEES LIMITED, holds 2,313,497,562 shares, representing 24.66% of the total shares[186]. - Haier Kaos Co., Ltd. holds 1,258,684,824 shares, accounting for 13.41% of the total shares[186]. - Haier Group Company owns 1,072,610,764 shares, which is 11.43% of the total shares[186]. Environmental and Social Responsibility - The company spent approximately 6.78 million yuan on targeted poverty alleviation in the first half of 2025, focusing on technology innovation and education support[157]. - The company has six subsidiaries included in the environmental information disclosure list, demonstrating compliance with environmental reporting requirements[156]. - Haier's ESG rating has improved to AA by MSCI, indicating strong performance in environmental, social responsibility, and corporate governance[120].

Group 1 - The core viewpoint of the article highlights Haier Smart Home's financial performance in the first half of the year, showcasing significant growth in both revenue and net profit [1] - The company's operating revenue reached 156.49 billion RMB, reflecting a year-on-year increase of 10.22% [1] - Net profit amounted to 12.03 billion RMB, with a year-on-year growth of 15.59% [1] Group 2 - Earnings per share (EPS) stood at 1.29 RMB [1] - The gross profit margin was reported at 26.9% [1]

海尔智家股份有限公司 关于海尔集团财务有限责任公司 2025 年半年度风险持续评估报告 金融许可证机构编码：L0049H237020001 统一社会信用代码：91370200737299246X 法定代表人：尚慎子 注册地址：山东省青岛市崂山区海尔路 178-2 号 1 号楼裕龙国际中心，现有 注册资本人民币 1,000,000 万元，其中：青岛海科达电子有限公司出资 530,000 万元，持股比例 53%；青岛海尔空调器有限总公司出资 300,000 万元，持股比例 30%；青岛海尔空调电子有限公司出资 120,000 万元，持股比例 12%；海尔集团 公司出资 50,000 万元，持股比例 5%。 业务经营范围为：吸收成员单位存款；办理成员单位贷款；办理成员单位票 据贴现；办理成员单位资金结算与收付；提供成员单位委托贷款、债券承销、非 融资性保函、财务顾问、信用鉴证及咨询代理业务;从事同业拆借；办理成员单 位票据承兑；办理成员单位产品买方信贷和消费信贷；从事固定收益类有价证券 投资；从事套期保值类衍生产品交易；银行业监督管理机构批准的其他业务。 1 二、 海尔财务公司内部控制的基本情况 按照《上海证券交易 ...

证券代码：600690 证券简称：海尔智家 编号：临 2025-055 海尔智家股份有限公司 关于收购青岛海云联产业发展有限公司全部股权 暨关联交易的公告 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： 一、关联交易概述 为满足海尔开利业务发展的需要，海尔开利拟向海尔产业发展购买海云联 的全部股权。 2025 年 8 月 28 日，海尔开利与海尔产业发展签署《股权转让协议》，海尔 开利拟向海尔产业发展购买海云联的全部股权（以下简称"交易标的"），交易 对价为 68,316,905.46 元。交易对价比海云联净资产 1,412.51 万元溢价 5,419.18 1 海尔智家股份有限公司（以下简称"海尔智家"或"公司"）的控股子 公司青岛海尔开利冷冻设备有限公司（以下简称"海尔开利"）为业务 发展需要，拟向青岛海尔产业发展有限公司（以下简称"海尔产业发 展"）收购青岛海云联产业发展有限公司（以下简称"海云联"）全部 股权（以下简称"本次交易"或"本次关联交易"）。 根据《上海证券交易所股票上市规则》及《上海证券交易 ...

证券代码：600690 证券简称：海尔智家 公告编号：临 2025-054 海尔智家股份有限公司 关于 "提质增效重回报"行动方案的公告 本公司董事会、全体董事及相关股东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。 为践行"以投资者为本"的发展理念，推动公司实现高质量发展，提升投资价 值，维护投资者尤其是中小投资者的合法权益，结合公司实际，海尔智家股份有 限公司（以下简称"公司"）召开第十二届董事会第二次会议，审议通过了《海尔 智家股份有限公司 2025 年度"提质增效重回报"行动方案》，方案具体内容如下： 一、围绕"世界一流智慧住居生态企业"的战略目标，公司将通过体系化变革 驱动创新突破，实现稳健、有质量、可持续的发展。 自 1984 年成立以来，本公司始终致力于成为时代的企业，持续推出引领市 场的创新产品，把握行业发展机遇；目前形成了以白色家电（制冷、洗护、厨电）、 暖通（家用空调、智慧楼宇、水产业）及智慧家庭（智能小家电等）为核心的业 务布局，已成为全球大家电行业的领导者和智慧家庭解决方案的引领者。受益于 数字化变革、海外创牌及国内高端品牌 ...

香港交易所信息显示，贝莱德在美团-W的持股比例于08月22日从5.96%升至6.22%；在海尔智家的持股 比例于08月22日从7.04%降至6.88%；在李宁的持股比例于08月22日从5.39%降至4.55%。 ...

Core Insights - The Haier Leader three-tub washing machine achieved over 20,000 orders within 16 hours of its launch and reached 100,000 units delivered in just four months, marking it as the first washing machine to surpass 100,000 sales in 2025 [1][3] Market Demand and Product Features - The success of the Haier Leader three-tub washing machine is attributed to the dual drivers of consumer demand for health-oriented washing and government subsidies, alongside the unique advantages of "co-creation in production and research + marketing breakthrough" between JD.com and Haier [3][4] - The multi-tub washing function addresses the rising health care needs in the washing machine market, effectively solving issues related to bacterial cross-contamination from traditional washing methods, particularly appealing to younger consumers who prefer dedicated washing for intimate apparel [3][4] Consumer Insights and Product Development - JD.com identified key consumer demands, including effective cleaning, avoidance of excessive water and electricity usage, affordability, and suitability for small living spaces, leading to the development of a high-cost performance product that resonates with young consumers [4][5] - The new washing machine features a standard size of 850mm, a total washing capacity of 10.5KG in the large tub and 1KG in each of the two small tubs, and includes drying functions, catering to typical household washing needs [5][6] Marketing Strategy and Sales Performance - JD.com leveraged its platform advantages to launch the washing machine as a "global first release," engaging in innovative marketing strategies such as live-streaming factory tours to enhance consumer connection [6][9] - The washing machine market saw a retail volume of 21.03 million units and a retail value of 47.6 billion yuan in the first half of 2025, with a notable growth in the multi-tub washing machine segment, indicating a rapid increase in online penetration from 3.2% to 9.5% [4][6] Collaborative Success and Future Outlook - The collaboration between JD.com and Haier exemplifies a successful model of "demand insight - proactive cooperation - explosive product launch," positioning JD.com as a key player in the home appliance market with numerous new products achieving record sales [9]

Core Viewpoint - Haier Smart Home experienced a decline of 1.83% on August 27, with a trading volume of 1.591 billion yuan and a market capitalization of 241.892 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 largest home appliance brand for six consecutive years [2] Shareholder Structure - Among the top ten circulating shareholders, Central Huijin Asset Management and China Securities Finance Company are included [3] - The controlling shareholder, Haier Group, has invested in wireless charging technology and has been involved in setting national industry standards for wireless energy transmission [3] Business Operations - Haier Smart Home's main business includes the research, production, and sales of home appliances such as refrigerators, kitchen appliances, air conditioners, washing machines, and smart home solutions [3][7] - The revenue composition is as follows: refrigerators 29.11%, washing machines 22.04%, air conditioners 17.15%, kitchen appliances 14.38%, equipment and channel services 11.33%, water appliances 5.51%, and other businesses 0.49% [7] Financial Performance - For the period from January to March 2025, Haier Smart Home achieved a revenue of 79.118 billion yuan, representing a year-on-year growth of 14.70%, and a net profit attributable to shareholders of 5.487 billion yuan, up 14.95% year-on-year [7] 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 in the last three years [8] Institutional Holdings - As of March 31, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 581 million shares, and several ETFs, with notable reductions in holdings compared to the previous period [9]

Group 1 - The core viewpoint of the news is that the home appliance sector in Hong Kong is experiencing a general increase, driven by government subsidies and consumer demand [1] - TCL Electronics leads the rise with an increase of over 6%, followed by Hisense Home Appliances with a 3% increase, Skyworth Group with over 1%, and slight increases in Midea Group and Haier Smart Home [2] - The government has initiated a third batch of subsidies for the "old-for-new" program, effective from August 26, allowing consumers to receive up to 20% subsidies for first-level energy/water efficiency products and 15% for second-level products, with a 30% subsidy for home modification products aimed at elderly care [1] Group 2 - According to Guojin Securities' research report, the outlook for the appliance sector is as follows: white goods are slightly under pressure, black goods are steadily rising, kitchen and bathroom appliances are stabilizing at the bottom, and vacuum cleaners maintain high prosperity [1] - Year-to-date, retail sales of home appliances have shown strong growth, supported by domestic subsidies, indicating resilient demand, while external demand from emerging markets continues to show high prosperity, which is expected to drive good export growth [1]