FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 海爾智家股份有限公司 呈交日期： 2025年7月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 600690 | 說明 | | 每股面值人民幣1元之普通股(A股) (於上海證券交易所上市) | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存 ...

Core Insights - The Thai white goods market is experiencing a downturn, with an overall decline of 8.3% from January to May 2025, while Haier's white goods segment has achieved a remarkable growth of 26%, outperforming the industry and competitors [1] - Haier's success in Thailand is attributed to its localized innovation, high-end product offerings, and collaborative supply chain strategies, which have allowed it to capture significant market share [2][3] Market Performance - The overall Thai white goods market is down by 8.3% in early 2025, while Haier's white goods have grown by 26% [1] - In the refrigerator segment, Haier achieved a 40% increase despite a 4.2% decline in the overall market [1] - Haier's washing machines saw a 72% growth, significantly outpacing the market's 5.8% increase [1] - The air conditioning market declined by 21.1%, yet Haier's air conditioning segment maintained a stable performance [1] Product Innovation - Haier has introduced a 520-liter T-door ice water refrigerator in Thailand, featuring Smart Ice technology, which caters to local preferences for ice [2] - The air conditioning units have been optimized for health, energy efficiency, and ease of installation, enhancing market competitiveness [2] High-End Market Strategy - Haier launched three high-end washing machine models in Bangkok, targeting the premium segment traditionally dominated by Japanese and Korean brands [3] - The company is actively engaging with local culture through events like international marathons and badminton championships to strengthen brand recognition [3] Supply Chain Development - Haier's Spring Valley air conditioning industrial park has begun trial production, with a planned capacity of 6 million units, covering a wide range of air conditioning products [3] - This facility is positioned as Haier's largest overseas air conditioning manufacturing base and the first 5G-connected factory in Southeast Asia, enhancing efficiency and supply chain reliability [3] Future Outlook - As Chinese brands continue to gain influence in Southeast Asia, the dominance of Japanese and Korean brands is expected to diminish, providing Haier with further growth opportunities [3]

Core Insights - The extreme heat wave this summer has significantly impacted the hotel industry in Mohe, Heilongjiang, leading to a surge in demand for air conditioning [1][3] - Two hotels, Songying and Blueberry, have both opted for large-scale air conditioning installations from Haier's brands to attract guests [1][3] Group 1: Market Conditions - Mohe has experienced unprecedented high temperatures, with an average increase of 3.2°C compared to historical norms, marking the highest recorded temperatures since 1961 [3] - The ability to provide a cool and comfortable lodging environment has become crucial for hotels to retain customers during this heat wave [3] Group 2: Company Strategies - Songying Hotel chose Haier air conditioners for their established brand reputation, reliability, and quick installation capabilities, which are essential during this peak demand period [3][4] - Blueberry Hotel preferred the Leader brand, targeting a younger demographic that values design and smart technology, aligning with their guests' preferences for modern living [3][4] Group 3: Competitive Advantage - Haier's brands, including Haier and Leader, have a robust logistics and service network that allows for timely delivery and installation in the challenging conditions of northern China [4] - The air conditioning market in Northeast China has seen explosive growth for Haier's brands, with retail sales increasing by over 300% year-on-year [4] - By mid-2025, Haier air conditioners are expected to show significant growth in both retail sales and market share, solidifying their position as one of the top three brands in the industry [4]

Core Viewpoint - Haier's growth in Indonesia is a result of its localized strategy and innovative product offerings, allowing it to capture significant market share despite overall industry decline [1][2][3] Group 1: Market Performance - Indonesia, as Southeast Asia's largest economy, has a population of 271 million, with 66% under the age of 30, presenting a vibrant market for consumer goods [1] - In the first four months, the overall white goods industry in Indonesia declined by 5.9%, while Haier's white goods segment achieved the fastest growth, securing a 12.3% market share as the leading Chinese brand [1] - In the refrigerator sector, where the market declined by 0.7%, Haier Indonesia recorded a 4.2% growth, leading the market [2] - In the home air conditioning sector, which saw a 14.5% decline, Haier Indonesia achieved a 9% growth, further establishing its market leadership [1][2] Group 2: Localization Strategy - Haier's success in Indonesia is attributed to its deep localization strategy, which began with the acquisition of Sanyo's white goods business, transforming its factory into a multi-category manufacturing center with an annual capacity exceeding 2 million units [2] - In April, Haier Indonesia achieved a milestone of producing 10 million home appliances, showcasing its robust local manufacturing capabilities [2] Group 3: Product Innovation - Haier has tailored its products to meet local needs, such as the TM refrigerator that can produce ice in one hour, catering to the high demand for ice in Indonesian households [2] - The company also introduced low-power AI smart air conditioners to address local power limitations and voltage instability, enhancing energy efficiency while maximizing cooling output [2] Group 4: Channel Strategy - Haier's flexible channel strategy includes deep partnerships with local chains like Atlanta to penetrate the mid-to-high-end market [2] - The company has embraced e-commerce by leveraging platforms like Shopee and Lazada, facilitating a synergistic online and offline sales approach that drives rapid growth [2] Group 5: Future Outlook - Haier Indonesia's achievements reflect the strength of Chinese brands in breaking through markets with localized strategies and technological innovations [3] - The company plans to continue focusing on user needs to enhance product competitiveness and explore additional market growth opportunities [3]

Investment Rating - The report maintains a "Buy" rating for Haier Smart Home (600690.SH) with a current price of 26.05 CNY and a target price of 35.54 CNY [1]. Core Views - Haier Smart Home is positioned to benefit from the increasing demand for air conditioning in Europe due to climate change, with the company holding significant market shares in Eastern and Western Europe [5][6]. - The report highlights that the air conditioning penetration rate in Europe is significantly lower than in other major economies, indicating substantial growth potential [5]. - The extreme heat conditions in Europe are expected to further drive the demand for air conditioning, with projections showing a doubling of air conditioning units in the EU by 2050 [5][6]. Summary by Sections Market Performance - The report notes that Haier's air conditioning business is experiencing significant growth, particularly in Eastern Europe where it holds a 34% market share, and 9% in Western Europe, ranking first and second respectively [6]. - The penetration rates for air conditioning in Western and Eastern Europe have increased by 8 and 11 percentage points compared to 2019 [5]. Financial Forecasts - The report projects Haier Smart Home's net profit for 2025 to be 21.5 billion CNY, with a corresponding PE ratio of 11 [7]. - Revenue is expected to grow from 261.43 billion CNY in 2023 to 307.31 billion CNY in 2025, reflecting a growth rate of 7.46% [8]. Competitive Positioning - Haier's competitive advantage in Europe is attributed to its "three-in-one" strategy of localized R&D, manufacturing, and marketing, which has allowed it to adapt products to local needs effectively [6]. - The company has established a strong service network in Russia, with 196 service centers across more than 120 cities [6]. Industry Trends - The report emphasizes that the air conditioning market in Europe is underpenetrated compared to China (97%), the US (92%), and Japan (96%), suggesting a significant opportunity for growth [5][10]. - The International Energy Agency (IEA) predicts that the number of air conditioning units in the EU will increase to 275 million by 2050, more than double the number in 2019 [5].

智通财经7月22日电，香港交易所信息显示，贝莱德在海尔智家的持股比例于07月17日从8.01%降至 7.70%。 ...

Investment Rating - The report maintains a positive outlook on the home appliance sector, indicating a "Buy" rating for key companies in the industry [3][4]. Core Insights - The home appliance sector outperformed the CSI 300 index, with the Shenwan home appliance index rising by 1.9% compared to a 1.1% increase in the CSI 300 index [3][4]. - The issuance of 123 billion yuan in ultra-long-term special bonds is expected to support the "old-for-new" consumption policy, with a total of 300 billion yuan allocated for this initiative [9][62]. - Midea Group has become the official sponsor of the 2025 Africa Cup of Nations, indicating a strategic investment in the African market, which is seen as having strong consumer potential [10][11]. Summary by Sections 1. Market Performance - The home appliance sector has shown resilience, with key companies like Yitian Smart (up 25.0%), Ecovacs (up 20.9%), and Roborock (up 9.7%) leading the gains, while Huaxiang Co. (-4.8%) and Hisense Visual (-2.4%) faced declines [3][6]. 2. Industry Dynamics - The issuance of 123 billion yuan in ultra-long-term special bonds aims to bolster consumer spending through the "old-for-new" policy, with 3 billion yuan allocated for this purpose [9][62]. - Midea's partnership with the African Football Confederation marks a significant step in expanding its investment in Africa, with plans for new manufacturing facilities in Egypt [10][11]. 3. Data Observations - In June, the average retail price of white goods increased, with air conditioners seeing a 10.1% rise in retail volume and a 14.6% increase in retail value [28][30]. - The average price of refrigerators rose by 2.7% to 7,137 yuan, despite a 2.4% decline in retail volume [31][34]. - The kitchen appliance segment also saw growth, with range hoods and gas stoves experiencing retail volume increases of 18.4% and 9.9%, respectively [36][37]. 4. Economic Environment - As of July 18, 2025, the exchange rate of the US dollar against the Chinese yuan has decreased by 0.54% since the beginning of the year [39][40]. - The sales area of commercial housing in June 2025 increased by 11.84% year-on-year, indicating a recovery in the real estate market [41][42].

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 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條由海爾智家股份 有限公司作出。 以下公告的中文版本已於上海證券交易所網站(www.sse.com.cn)刊登，僅供參閱。 特此公告。 承董事會命 海爾智家股份有限公司 董事長 李華剛 中國青島 2025年7月18日 於本公告日期，本公司執行董事為李華剛先生及Kevin Nolan先生；非執行董事為 宮偉先生、俞漢度先生、錢大群先生及李少華先生；獨立非執行董事為王克勤先 生、李世鵬先生、吳琪先生及汪華先生；及職工董事為孫丹鳳女士。 * 僅供識別 北京市中伦律师事务所 关于海尔智家股份有限公司 差异化分红事项的 专项法律意见 2025 年 6 月 1 关于海尔智家股份有限公司 差异化分红事 ...

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。 承董事會命 海爾智家股份有限公司 董事長 李華剛 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條由海爾智家股份 有限公司作出。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 以下公告的中文版本已於上海證券交易所網站(www.sse.com.cn)刊登，僅供參閱。 特此公告。 中國青島 2025年7月18日 证券代码：600690 证券简称：海尔智家 公告编号：临 2025-049 海尔智家股份有限公司 2024年年度A 股权益分派实施公告 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： 每股分配比例 於本公告日期，本公司執行董事為李華剛先生及Kevin Nolan先生；非執行董 ...

Core Viewpoint - Haier Smart Home Co., Ltd. has announced a differentiated cash dividend distribution plan for its shareholders, with a cash dividend of RMB 0.96504 per share for A shares, approved at the 2024 annual general meeting on May 28, 2025 [1][2]. Dividend Distribution Details - The cash dividend distribution is set at RMB 9.65 per 10 shares (including tax), excluding shares held in the company's repurchase account [2]. - The total cash dividend to be distributed to A shareholders amounts to RMB 5,977,681,480.40, based on a total A share capital of 6,254,501,095 shares, after deducting 60,269,270 shares held in the repurchase account [3]. - The A share equity registration date is July 24, 2025, with the last trading day on July 25, 2025, and the ex-dividend date also on July 25, 2025 [3][5]. Implementation Method - Cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch to shareholders registered by the equity registration date [5]. - Shareholders who have not completed designated transactions will have their dividends held by the China Securities Depository and Clearing Corporation until they complete the necessary transactions [5]. Taxation Information - For individual shareholders and securities investment funds, the actual cash dividend received will vary based on the holding period, with a maximum of RMB 0.96504 per share for those holding shares for over one year [6][7]. - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in an actual cash dividend of RMB 0.86854 per share [7][8]. - Hong Kong Stock Exchange investors will also receive dividends after a 10% withholding tax, with the same net amount of RMB 0.86854 per share [8].