编辑 杨娟娟 新京报贝壳财经讯 10月29日，海信视像发布公告称，2025年第三季度，公司营收为150.66亿元，同比增 长6.71%；归属于上市公司股东的净利润为5.73亿元，同比增长20.15%。前三季度，公司营收为399.89 亿元，同比增长5.65%；归属于上市公司股东的净利润为16.29亿元，同比增长24.27%。 ...

证券代码：600060 证券简称：海信视像 公告编号： 2025-046 海信视像科技股份有限公司 关于同一控制下企业合并追溯调整财务数据的公告 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。 2025年4月，海信视像科技股份有限公司（以下简称"公司"）以收购方式取得青 岛海信信通电子科技有限公司（以下简称"信通电子"）100%股权，构成同一控制下 的企业合并，根据《企业会计准则第33号——合并财务报表》等的相关规定，需要调 整合并财务报表相关数据，现将相关事宜公告如下： 本次追溯调整对公司 2024 年 1-9 月合并利润表、2024 年 1-9 月合并现金流量表等 的影响请见本公告附件。 一、同一控制下的企业合并情况 公司第十届董事会第十次会议和第十届监事会第七次会议于 2025 年 3 月 27 日审 议通过《关于公司购买资产暨关联交易的议案》，同意公司以自有资金购买青岛海信 通信有限公司（以下简称"海信通信"）持有的信通电子 100%股权，依据经评估的市 场价值定价，本次交易价格为人民币 9,165.02 万元。上述事 ...

证券代码：600060 证券简称：海信视像 公告编号：2025-047 海信视像科技股份有限公司 关于为子公司提供担保的进展公告 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： 担保对象及基本情况 | | 厦门乾照光电科技有限公司（以下简称"乾照科 | | --- | --- | | 被担保人名称 | 技"）、扬州乾照光电有限公司（以下简称"扬 | | | 州乾照"）、江西乾照半导体科技有限公司（以 | | | 下简称"乾照半导体"） | | 被担保人关联关系 | | | | 乾照科技、扬州乾照、乾照半导体均为海信视像 科技股份有限公司（以下简称"公司"）控股子 | | | 公司厦门乾照光电股份有限公司（以下简称"乾 | | | 照光电"）的全资子公司 （1）本次乾照光电为乾照科技提供 1 项最高额 | | | 保证担保，被担保的主债权本金余额在债权确定 期间内最高不超过人民币 8,000 万元；（2）本 | | 担保对象 | 次乾照光电为扬州乾照提供 1 项最高额保证担 | | 本次担保金额 | 保，被担保的 ...

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。 一、董事会会议召开情况 海信视像科技股份有限公司（以下简称"公司"）第十届董事会第十八次会 议（以下简称"会议"或"本次会议"）于2025年10月29日以通讯方式召开。本 次会议由董事长于芝涛先生召集并主持，应出席董事8人，实际出席董事8人。 会议的召集和召开符合《中华人民共和国公司法》《海信视像科技股份有限公司 章程》等法律法规及相关文件的规定，形成的决议合法、有效。 二、董事会会议审议情况 （一）审议通过了《关于公司 2025 年第三季度报告的议案》 证券代码：600060 证券简称：海信视像 公告编号： 2025-045 海信视像科技股份有限公司 第十届董事会第十八次会议决议公告 （二）审议通过了《关于同一控制下企业合并追溯调整财务数据的议案》 公司本次按照同一控制下企业合并的相关规定，对 2024 年 1-9 月合并利润 表、2024 年 1-9 月合并现金流量表相关财务数据进行追溯调整，符合相关法律、 法规以及《企业会计准则》等的相关规定，追溯调整后的财务报表客观、真实 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥15.60 billion, a 2.70% increase compared to ¥15.19 billion in the same period last year[4]. - The net profit attributable to shareholders was ¥572.78 million, reflecting a 20.15% increase from ¥476.32 million year-over-year[4]. - The total profit for the period was ¥778.52 million, marking a significant increase of 34.83% compared to ¥577.02 million in the previous year[4]. - The company reported a 6.71% increase in main business revenue, totaling ¥15.07 billion compared to ¥14.12 billion in the same period last year[4]. - Total operating revenue for the first three quarters of 2025 reached CNY 42.83 billion, an increase of 5.37% compared to CNY 40.65 billion in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 1.90 billion, representing a 21.77% increase from CNY 1.56 billion in 2024[18]. - Earnings per share for the first three quarters of 2025 were CNY 1.254, compared to CNY 1.011 in the same period of 2024, reflecting a growth of 24.06%[19]. - The company reported a comprehensive income total of CNY 1.99 billion for the first three quarters of 2025, compared to CNY 1.53 billion in 2024, reflecting overall growth[19]. Cash Flow - The net cash flow from operating activities was ¥1.63 billion, a decrease of 6.28% from ¥1.74 billion in the same quarter last year[4]. - The net cash flow from operating activities increased to ¥3,430,653,940.32, up from ¥2,950,742,202.99, representing a growth of approximately 16.2% year-over-year[21]. - Total cash inflow from operating activities was ¥47,960,776,509.46, compared to ¥44,305,466,342.43 in the previous period, indicating an increase of about 6.0%[21]. - Cash outflow from investing activities totaled ¥17,478,928,701.25, down from ¥19,305,622,558.68, reflecting a decrease of approximately 9.5%[21]. - The net cash flow from investing activities was negative at -¥2,034,601,207.04, compared to a positive ¥145,401,776.30 in the previous period[21]. - Cash inflow from financing activities decreased to ¥1,543,269,190.79 from ¥1,784,602,996.72, a decline of about 13.5%[21]. - The net cash flow from financing activities was -¥1,318,583,172.64, improving from -¥2,906,762,051.88 year-over-year[21]. - Cash received from operating activities related to other business activities was ¥620,294,638.68, up from ¥479,625,442.28, an increase of about 29.4%[21]. Assets and Liabilities - The company's total assets decreased by 3.11% to ¥45.29 billion from ¥46.66 billion at the end of the previous year[5]. - The total current assets as of September 30, 2025, amount to ¥35,657,220,553.09, a decrease from ¥36,986,117,879.46 as of December 31, 2024[14]. - The company's cash and cash equivalents are reported at ¥2,358,798,017.66, down from ¥2,685,963,882.75 in the previous period[14]. - Total liabilities amount to ¥26,000,000,000, with short-term borrowings at ¥773,920,766.81, up from ¥682,667,537.55[15]. - The total liabilities decreased to CNY 19.15 billion in 2025 from CNY 21.66 billion in 2024, showing a reduction in financial leverage[18]. - The total equity attributable to shareholders increased to CNY 20.44 billion in 2025 from CNY 19.67 billion in 2024, indicating a strengthening of the company's financial position[18]. Shareholder Information - Hisense Group Holdings Co., Ltd. holds 392,505,971 shares, representing 30.08% of total shares[12]. - The company has no pledged, marked, or frozen shares among its top shareholders[12]. - The company does not have any significant changes in the participation of major shareholders in margin trading and securities lending[13]. Expenses - Research and development expenses for the first three quarters of 2025 totaled CNY 1.77 billion, slightly up from CNY 1.71 billion in 2024[18]. - Financial expenses decreased to CNY 27.02 million in 2025 from CNY 60.23 million in 2024, indicating improved cost management[18]. - Cash paid for purchasing goods and services was ¥36,974,700,702.15, compared to ¥34,264,276,454.45, reflecting an increase of approximately 7.9%[21].

海信视像公告，第三季度营收为150.66亿元，同比增长6.71%；净利润为5.73亿元，同比增长20.15%。 前三季度营收为399.89亿元，同比增长5.65%；净利润为16.29亿元，同比增长24.27%。 ...

Group 1: Overview of Manufacturing Developments in Thailand - The Haier air conditioning industrial park in Chonburi, Thailand, officially commenced production on September 23, with an annual planned capacity of 6 million units [1] - Hisense's HHA smart manufacturing industrial park is set to be completed by 2030, with an expected annual production capacity of 2.6 million units [1] - The Thai Investment Promotion Committee approved a 3 billion THB investment for Oma's refrigerator production base, aiming for an annual output of 1.7 million units primarily for the European market [1] Group 2: Chinese Automotive Industry Expansion - Chinese automotive brands have significantly increased their presence in Thailand, with companies like BYD, Changan, and Foton embedding deeply into the local automotive supply chain [2] - In 2024, Thailand is projected to be the fourth largest export market for China's new energy vehicles, with exports expected to reach 178,000 units, a 35% increase year-on-year [2] - By the end of 2024, seven Chinese car manufacturers will have established operations in Thailand, achieving a full cycle from planning to production and sales [2] Group 3: Thailand's Strategic Advantages - Thailand's geographical location and political stability make it an attractive manufacturing hub, connecting to major Southeast Asian markets [4] - The rise of Laem Chabang Port as Southeast Asia's second-largest container port enhances Thailand's manufacturing competitiveness by facilitating international trade [4] - Labor costs in Thailand are lower than in China, with the minimum monthly wage in Thailand being approximately 77% of that in China, making it appealing for foreign investment [4] Group 4: Market Dynamics and Consumer Demand - Thailand's automotive production accounts for 45% of ASEAN's total, positioning it as a key player in the Southeast Asian automotive industry [6] - The local production model has allowed Chinese car manufacturers to rapidly capture market share, especially in the electric vehicle segment [6] - The demand for home appliances in Southeast Asia is growing, with a projected annual growth rate of 5%-10% in the region's appliance market [8][9] Group 5: Chinese Home Appliance Industry Trends - The influx of Japanese home appliance companies into Thailand has inspired Chinese firms to follow suit, capitalizing on the growing demand for appliances [8] - Thailand is now the largest white goods manufacturing country in Southeast Asia, benefiting from the restructuring of the global white goods manufacturing industry [9] - Trade agreements like RCEP and favorable local policies have further incentivized Chinese appliance manufacturers to establish production facilities in Thailand [12][14] Group 6: Evolution of Chinese Manufacturing Strategy - The evolution of Chinese manufacturing overseas can be categorized into three phases: product export, brand export, and capability export [15] - Chinese companies are increasingly focusing on localizing their operations, including R&D and marketing, to better meet local consumer needs [16] - The market share of Chinese brands in Thailand's appliance sector has grown significantly, with Chinese brands capturing two spots in the top five air conditioning brands by 2024 [17] Group 7: Long-term Implications of Manufacturing Shifts - The successful "Thailand model" in the automotive sector is likely to influence other industries, including consumer electronics and renewable energy equipment [18] - The ongoing migration of manufacturing capabilities from China to Southeast Asia is part of a broader trend of global supply chain restructuring [19] - Thailand is positioned as a critical hub for Chinese manufacturing expansion, with the potential for continued growth and investment in the region [19]

Core Insights - The article discusses a comparative test conducted by the China Consumers Association and the Hangzhou Consumer Rights Protection Committee on various washing machines to guide consumers in making informed choices regarding energy-efficient appliances [1] Group 1: Test Overview - A total of 25 washing machines were tested, including 16 drum-type and 9 pulsator-type models from 21 different brands [1] - The testing focused on three main performance areas: usage performance, health and safety performance, and ease of use [1] Group 2: Performance Results - Most samples performed well in terms of energy consumption, cleaning effectiveness, noise during dehydration, and antibacterial performance (for drum-type machines) [1] - Significant differences were noted in the effective volume of washing drums, with some pulsator-type machines showing subpar drum cleaning performance [1] Group 3: Specific Findings - The effective volume of washing drums indicates the internal space available for washing; higher values allow for more laundry [2] - The best-performing drum-type machines had effective volumes of at least 66L, while the best pulsator-type machines had volumes of at least 70L [2] - Seven models demonstrated low energy consumption while achieving high cleaning ratios, indicating superior energy efficiency [2] Group 4: Cleaning and Wear Performance - The cleaning performance was assessed using liquid detergents, with over 50% of drum-type machines achieving a cleaning ratio of at least 1.10 [3] - The wear performance showed that some machines caused minimal damage to fabrics while maintaining high cleaning ratios [3] - Drum-type machines generally outperformed pulsator types in oil stain removal due to their heating capabilities [4] Group 5: Antibacterial Performance - Drum-type washing machines exhibited high antibacterial rates, with most achieving rates of 99.99% or higher [5] Group 6: Consumer Guidance - The China Consumers Association recommends consumers consider four key aspects when purchasing washing machines: capacity, energy efficiency, cleaning performance for specific stains, and noise levels during dehydration [6][7]

Core Insights - Shandong's economy shows resilience with a 5.6% year-on-year growth in total retail sales of consumer goods, outperforming the national average by 1.1 percentage points [3][4] - The province has hosted over 6,000 promotional activities, generating nearly 80 billion yuan in sales, indicating a strong consumer engagement [5][6] - The implementation of the old-for-new subsidy policy has led to significant sales boosts, with 160 billion yuan disbursed, driving an estimated 168 billion yuan in additional sales [7][8] Economic Performance - Total retail sales in Shandong reached 30,386.1 billion yuan in the first three quarters, reflecting a steady growth trajectory [3] - The retail sales growth rate for Shandong's key monitored sectors, including wholesale, retail, accommodation, and catering, was 5.6%, 11.7%, 5.6%, and 10.7% respectively [5] Consumer Trends - The number of online retail stores in Shandong has reached 1.958 million, with a year-on-year growth of 17.1% in physical goods sold online [9] - The shift towards smart and digital products is evident, with significant year-on-year growth in sales of new energy vehicles (25.6%), smart home appliances (44.3%), and wearable devices (116.9%) [7][8] Emerging Retail Models - Instant retail is gaining traction, with major e-commerce platforms actively participating in this market, which is projected to exceed 2 trillion yuan by 2030 [9][10] - Local supermarkets in cities like Zibo and Jinan are expanding their instant retail offerings, enhancing consumer convenience and accessibility [9][10] Policy and Market Opportunities - The old-for-new policy is seen as a catalyst for stimulating consumer demand, particularly in the context of Shandong's manufacturing strengths in smart products [8] - Experts suggest that Shandong should leverage its traditional industries to capitalize on the growth of instant retail and e-commerce, aiming to cultivate influential e-commerce enterprises [10]

Market Overview - The black home appliance sector increased by 1.37% on October 27, with Tongzhou Electronics leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance: - Tongzhou Electronics (002052) closed at 16.37, up 3.61% with a trading volume of 453,300 shares and a turnover of 737 million yuan - Sichuan Changhong (600839) closed at 10.39, up 3.28% with a trading volume of 2,249,600 shares and a turnover of 2.323 billion yuan - Sichuan Jiuzhou (000801) closed at 15.80, up 1.87% with a trading volume of 171,400 shares and a turnover of 270 million yuan - Hisense Visual (600060) closed at 24.67, up 0.98% with a trading volume of 150,600 shares and a turnover of 372 million yuan - XGIMI Technology (688696) closed at 106.90, up 0.85% with a trading volume of 8,412 shares and a turnover of 89.9062 million yuan - Other stocks like ST Gauss (002848) and Skyworth Digital (000810) saw declines of 2.45% and 3.56% respectively [1] Capital Flow - The black home appliance sector experienced a net inflow of 243 million yuan from institutional investors, while retail investors saw a net outflow of 61.9178 million yuan [1] - Detailed capital flow for key stocks: - Sichuan Changhong had a net inflow of 22.6 million yuan from institutional investors but a net outflow of 77.5479 million yuan from retail investors [2] - Tongzhou Electronics saw a net inflow of 87.8210 million yuan from institutional investors but a net outflow of 61.6663 million yuan from retail investors [2] - XGIMI Technology had a net inflow of 11.9228 million yuan from institutional investors but a net outflow of 12.1622 million yuan from retail investors [2] - Skyworth Digital experienced a significant net outflow of 57.3983 million yuan from retail investors [2]