Core Viewpoint - The establishment of the "Freshness Quality Evaluation Standard for Household Refrigerators" marks a significant advancement in the refrigerator industry's ability to preserve meat freshness, transitioning from conceptual promotion to a scientifically validated stage [1][3]. Industry Summary - The new standard fills a gap in consumer understanding of refrigerator preservation capabilities, providing a multi-dimensional evaluation method that includes sensory evaluation, weight loss rate, color difference, texture, and key biochemical indicators such as Total Volatile Basic Nitrogen (TVB-N) [3][5]. - The standardization is seen as a crucial step for the home appliance industry, which is currently facing a pivotal moment of consumption upgrade and technological innovation, guiding high-quality development and meeting consumer expectations for quality living [3][5]. Company Summary - Hisense, as a key drafting unit, has contributed significantly to the standard with its vacuum preservation technology, particularly the newly launched vacuum magnetic field preservation technology [5]. - The vacuum magnetic field preservation technology combines a constant temperature and humidity, low pressure, and low oxygen vacuum environment with a specific magnetic field, effectively delaying food oxidation and preserving freshness at a molecular level [5]. - The successful approval and release of the standard signify a new phase of standardization and technological advancement in the meat preservation sector of China's refrigerator industry, showcasing Hisense's commitment to innovation and consumer upgrade [5].

Core Viewpoint - Hisense's heat pump washing and drying technology is fundamentally transforming the laundry care industry, showcasing significant advancements in product functionality and user experience [1][2]. Technology Breakthrough - The heat pump washing and drying integrated technology saves space and simplifies the laundry process by allowing clothes to transition directly from washing to drying without manual transfer, providing a convenient experience [1]. - Hisense's Zeus integrated heat pump drying system operates at a precise temperature of 42°C, consuming about 50% less energy compared to traditional methods, thus redefining drying efficiency [2]. - The technology excels in wrinkle prevention, utilizing a three-variable frequency system to gently smooth out wrinkles, achieving results comparable to manual ironing [2]. Competitive Advantage - The market for multi-tub washing machines is becoming increasingly competitive, yet few brands possess the core technology for heat pump systems, leaving a gap in addressing key issues like health isolation and energy efficiency [3]. - Hisense's Ultra family tub technology, while more complex and costly, creates a significant technological barrier that enhances its competitive edge in the market [3]. - Users are willing to pay for tangible technological benefits, which Hisense's products deliver through reduced wrinkles, no deformation, effective lint removal, and energy efficiency [3]. Innovative Value - Since launching the world's first three-tub washing machine in 2017, Hisense has developed a complete ecosystem of heat pump washing and drying products, receiving multiple awards for its innovation [4]. - The Ultra family tub has achieved recognition as the top-selling heat pump washing and drying machine in its price category, reflecting consumer trust in Hisense's technology [4]. - Hisense is expanding the application of heat pump technology across various product lines and price ranges, promoting a lifestyle of "wash and wear" for more households, which signifies a strategic move towards industry-wide technological advancement [4].

Core Insights - Hisense has launched the world's first air conditioner equipped with the Star Flash Human Sensing 2.0 technology, which allows for intelligent wind control based on human movement, enhancing user comfort and energy efficiency [3][5] - The new Hisense air conditioners, including the Brilliant U6 and Deep Sleep X5, feature advanced technologies such as CO₂ sensors for real-time air quality monitoring and AI-driven voice control capabilities [6][9] Group 1: Product Features - The Brilliant U6 air conditioner can adjust wind direction and intensity based on user presence, providing a customized experience [3][5] - The Deep Sleep X5 model includes a CO₂ sensor that actively monitors indoor carbon dioxide levels and adjusts air quality accordingly, maintaining a stable CO₂ concentration below 800 ppm for optimal sleep [6][8] - Both models utilize a three-stage purification system to effectively remove pollutants and allergens, ensuring a healthy breathing environment [8] Group 2: Technological Innovations - The Star Flash SLP human sensing technology operates like a precise "bat echolocation" system, allowing for accurate detection of human presence without the use of cameras [5] - The Deepseek voice control model can understand multiple commands simultaneously and recognizes six dialects, enhancing user interaction [9][12] Group 3: Market Positioning - Hisense has a long history of innovation in air conditioning, having introduced the first fresh air conditioner in China in 2008, and continues to evolve its product offerings to meet diverse consumer needs [13] - The new air conditioners are set to be available for purchase through various channels, including online platforms and physical stores, starting from the National Day holiday [13]

Core Insights - Hisense launched two new refrigerators, the Hisense Brilliant Vacuum Refrigerator and the Hisense Little Durian 500 Refrigerator, featuring advanced vacuum preservation technology that prevents flavor mixing and enhances food freshness [1][5]. Group 1: Vacuum Preservation Technology - The Hisense Brilliant Vacuum Refrigerator utilizes a vacuum magnetic preservation technology that controls temperature, humidity, low oxygen, and magnetic fields to create an optimal preservation environment [4]. - A demonstration showed that meat stored for 7 days in the vacuum refrigerator retained its fresh appearance and quality, outperforming standard refrigeration methods [2][4]. - The TVB-N value of the meat stored in the vacuum refrigerator exceeded national first-grade fresh meat standards, indicating superior freshness [4]. Group 2: Flavor Preservation - The Hisense Little Durian 500 Refrigerator addresses the challenge of flavor mixing by creating independent vacuum spaces for different food items, effectively preventing odor transfer [5][7]. - A live demonstration highlighted that durians stored in the vacuum system showed negligible odor changes compared to those stored in conventional methods, which exhibited significant odor increases [5][7]. - The refrigerator boasts a net flavor rate of over 99.9%, allowing strong-smelling foods to coexist with milder items without affecting their taste [7]. Group 3: Design and Aesthetics - The design of the Hisense Brilliant Vacuum Refrigerator is inspired by "Sea Rising Moon," combining Eastern aesthetics with modern craftsmanship, making it adaptable to various home decor styles [7]. - The Little Durian 500 Refrigerator features a compact design that is ideal for efficient space utilization, measuring only 60CM in depth [7]. - Both refrigerators aim to enhance the consumer experience by providing a fresh and flavorful food storage solution [7].

Core Viewpoint - The Hisense Super New Product Launch showcased the Hisense Little Durian 500 refrigerator, which effectively addresses the common issue of food odor mixing, particularly with strong-smelling ingredients like durian and stinky tofu, achieving authoritative certification from CCTV for its performance [1][8]. Group 1: Product Features - The Little Durian 500 refrigerator utilizes original vacuum ice temperature technology and a vacuum cube that creates a dedicated storage environment for various ingredients, ensuring no odor transfer [7]. - The refrigerator features independent cooling and freezing systems, preventing interference between the two and eliminating the risk of odor mixing [7]. - The product boasts a high odor removal rate of over 99.9%, ensuring food retains its original flavor without mixing [7]. Group 2: Demonstration and Validation - During the live demonstration, the refrigerator was tested with challenging ingredients, and it was confirmed that there was no odor present despite the strong-smelling items stored inside [3][4]. - A visual experiment using a professional odor detection device showed that the vacuum cube effectively contained odors, while traditional storage methods resulted in a rapid increase in odor levels [4]. Group 3: Market Positioning and Consumer Appeal - The launch event highlighted the innovative vacuum preservation technology and the refrigerator's ability to solve long-standing food storage issues, redefining health preservation standards in the appliance market [8]. - The product's design and functionality align with modern consumer demands for quality living, offering both aesthetic appeal and practical benefits [8].

海信视像科技股份有限公司 2025 年第一次临时股东会会议资料 二〇二五年九月 | | | 海信视像科技股份有限公司 2025 年第一次临时股东会会议资料 海信视像科技股份有限公司 2025 年第一次临时股东会会议须知 为了维护全体股东的合法权利，确保股东会的正常秩序和议事效率，保证 会议的顺利进行，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》《上市公司股东会规则》以及《海信视像科技股份有限公 司章程》（以下简称"《公司章程》"）等相关规定，海信视像科技股份有限公司 （以下简称"公司"），特制定 2025 年第一次临时股东会会议须知如下： 一、为保证股东会的严肃性和正常秩序，切实维护与会股东及股东代理人 的合法权益，除出席会议的股东及股东代理人、公司董事、高级管理人员、见 证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员进入会场。 二 、出 席 会议 的股 东 及股 东 代理 人 须在现 场 会 议召 开前 半小 时 内 （13:30-14:00）到会议现场办理签到手续，并请按规定出示身份证明文件或法人 单位证明、授权委托书、证券账户卡等文件，经验证后领取会议资料 ...

Core Viewpoint - Hisense has launched its new RGB Mini LED flagship TVs, the U7S Pro and E8S Pro, along with the high-end E7Q series, showcasing advancements in display technology and sound quality [2][5][14]. Group 1: E8S Pro RGB Mini LED TV - The E8S Pro TV is designed for audio and gaming, featuring a maximum refresh rate of 330Hz and an RGB Mini LED panel with 9360 local dimming zones [4][5]. - It includes the "SUPER Movie Mode" for 4K viewing experience with a transmission bitrate of up to 160Mbps, and a native refresh rate of 170Hz [5]. - The sound system is a 4.2.2 configuration with a maximum power output of 270W, tuned in collaboration with Devialet [5][10]. - Pre-orders for the E8S Pro have started on JD.com, with sales beginning on October 14 [6]. Group 2: U7S Pro RGB Mini LED TV - The U7S Pro features the Ultra Black Crystal screen and the AI picture quality chip H7, achieving a peak brightness of 4700 nits and 5760 color zones [9]. - It boasts a unique dual-layer anti-reflective technology with a reflectivity of 1.28%, enhancing clarity during daytime viewing [9]. - The U7S Pro is equipped with four HDMI 2.1 ports and has a memory/storage configuration of 4GB + 128GB, supporting full 4K UI and director mode [11]. - Pricing for the U7S Pro starts at 15,999 yuan for the 75-inch model, with higher prices for larger sizes [11]. Group 3: E7Q Mini LED TV - The E7Q TV features a U+ Mini LED panel with 4224 local dimming zones and a peak brightness of 7000 nits, supporting XDR Pro features [16]. - It includes the AI picture quality chip H6, enhancing light control precision by 16 times [16]. - The E7Q is available for pre-order with prices ranging from 7,999 yuan for the 65-inch model to 18,999 yuan for the 100-inch model [16]. Group 4: Competitive Landscape - Other brands such as TCL and Samsung have also launched RGB Mini LED backlight TV product lines this year, indicating a competitive market landscape [12].

Core Viewpoint - Hisense Visual's stock price has shown a significant increase this year, with a year-to-date rise of 27.44%, indicating positive market sentiment despite recent fluctuations in trading volume and net capital outflow [1][2]. Financial Performance - For the first half of 2025, Hisense Visual reported a revenue of 27.231 billion yuan, representing a year-on-year growth of 6.95%, while the net profit attributable to shareholders was 1.056 billion yuan, up 26.59% compared to the previous year [2]. - Cumulatively, since its A-share listing, Hisense Visual has distributed a total of 6.970 billion yuan in dividends, with 3.039 billion yuan distributed over the last three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Hisense Visual increased by 6.22% to 32,800, while the average circulating shares per person decreased by 5.86% to 39,482 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 56.7045 million shares, a decrease of 2.421 million shares from the previous period, while Southern CSI 500 ETF is a new entrant with 11.5978 million shares [3]. Market Activity - On September 29, Hisense Visual's stock price fell by 2.02% to 24.29 yuan per share, with a trading volume of 97.0659 million yuan and a turnover rate of 0.30% [1]. - The stock experienced a net capital outflow of 5.6378 million yuan, with large orders showing a buy of 17.1975 million yuan and a sell of 20.2835 million yuan [1]. Business Overview - Hisense Visual, established on April 17, 1997, primarily engages in the manufacturing and sales of television sets, broadcasting equipment, refrigerators, communication products, and various electronic devices, with smart display terminals accounting for 79.68% of its revenue [1]. - The company operates within the home appliance sector, specifically in the black home appliance and color TV segments, and is involved in several concept sectors including LED, smart home, and robotics [1].

Core Viewpoint - The three-tub washing machine is an innovative high-end product in the global home appliance sector, designed for high-income households and tech-savvy consumers seeking efficiency and space optimization. It allows simultaneous washing of different types of clothing, significantly enhancing convenience and saving time [2][10]. Market Overview - The global market for three-tub washing machines is in its emerging stage, with a projected market size of $126 million in 2024, expected to grow to $209 million by 2031, reflecting a compound annual growth rate (CAGR) of 7.4% from 2025 to 2031 [2][10]. Industry Development Trends - **Continuous Technological Innovation**: The technology of three-tub washing machines is evolving, with features like independent operation of each tub, specialized water intake, drainage systems, and washing programs. High-end models also include drying functions, improving washing efficiency and reducing noise [7]. - **User-Centric Design Philosophy**: There is a growing demand for health-conscious washing solutions that prevent cross-contamination. The three-tub washing machine meets this need by allowing for categorized washing based on fabric type and dirt level [7]. - **Intensifying Market Competition**: The market is becoming increasingly competitive, with brands like Haier, Little Swan, and Hisense entering the fray, leading to heightened competition in technology, pricing, and marketing strategies [7]. Development Opportunities - **Growing Demand for Healthy Washing**: As consumer awareness of hygiene increases, the ability of three-tub washing machines to isolate different types of clothing presents a significant market opportunity [8]. - **Addressing Space Constraints in Small Homes**: The compact design of three-tub washing machines offers a solution for small households, combining washing and drying functions in a space-efficient manner [8]. - **Expansion into Commercial Applications**: Beyond residential use, there is potential for three-tub washing machines in commercial settings such as hotels and laundromats, further expanding market opportunities [8]. Challenges in the Industry - **High Production Costs**: The complexity of manufacturing three-tub washing machines results in higher production costs compared to single-tub models, which may limit market penetration, especially among price-sensitive consumers [8]. - **Intense Market Competition**: The market is characterized by fierce competition, with many products lacking genuine innovation beyond the additional tub feature, necessitating continuous improvement in service quality and product offerings [8]. - **Technological Limitations**: Current models face challenges related to noise reduction, vibration control, and space utilization, indicating a need for further technological advancements [8]. Future Outlook - The future development of three-tub washing machines is expected to be influenced by advancements in compact design, inverter and direct-drive motor technologies, AI-based washing cycle optimization, and eco-friendly water and energy-saving systems. The demand for smart, time-saving appliances in urban areas is likely to drive growth beyond the luxury market segment [10].

Core Viewpoint - Hisense's launch of new products featuring RGB-MiniLED technology marks a significant advancement in the global display industry, pushing this technology further into the mainstream consumer market [1] Group 1: Product Launch and Technology - Hisense introduced the flagship models U7SPro and E8SPro, along with high-end MiniLED TV E7Q, wall-mounted A7Q, and 3A original display monitor G7Ultra [1] - The U7SPro features the world's first AI picture quality chip H7, supporting the highest 3×10240 color zones and achieving 108 bits color precision, enhancing image detail and vibrancy [2] - The new RGB-MiniLED light-emitting chip reduces harmful blue light by 42% and lowers energy consumption by over 40% compared to QD-MiniLED TVs [2] Group 2: Viewing Experience and Design - U7SPro has received dual certifications from Pantone and IMAX, supporting high-quality streaming services and 4KMAX content [2] - The U7SPro is designed with a thickness of only 50mm and features a narrow bezel, making it adaptable to various home styles [3] - E8SPro is tailored for both gaming and film, featuring a native refresh rate of 4K170Hz and 0 delay backlight technology for smoother dynamic scenes [3] Group 3: Pricing and Pre-sale Policies - U7SPro is available for pre-sale with prices starting at 15,999 yuan for the 75-inch model, with additional energy efficiency subsidies [3] - E8SPro will begin pre-sale on October 14, with promotional offers including a maximum discount of 2,000 yuan [3] Group 4: Additional Products and Market Positioning - The high-end MiniLED TV E7Q features 4,224 physical backlight zones and peak brightness of XDRPro7000 nits, with prices starting at 7,999 yuan [4] - The A7Q wall-mounted TV emphasizes "life aesthetics" with a thickness of 2.99cm and a magnetic frame for art content [5] - The G7Ultra monitor incorporates TV-level display technology with a peak brightness of XDR2000 nits and covers 99% of the DCI-P3 color gamut, priced at 3,299 yuan [5] - Hisense's product launch enhances its display product matrix, promoting high-end display technology and offering diverse options for consumers across different scenarios and price points [5]