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： 2026年2月3日 第 2 頁 共 7 頁 v 1.3.0 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 | 其他類別 (請註明) | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 690D | 說明 | | 普通股- D股面值每股人民幣1元 (於法蘭克福證劵交易所上市) | | | | | 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 ...

Core Insights - The Guizhou Provincial Market Supervision Administration recently announced the results of quality supervision inspections for 29 types of products, including electromagnetic stove products, revealing that no non-compliant products were found among the 32 batches tested from 17 sellers [2]. Group 1: Quality Inspection Results - A total of 32 batches of electromagnetic stove products were inspected, and all were found to be compliant with quality standards [2]. - The inspection covered various safety and performance criteria, including protection against electric shock, input power and current, heating, leakage current under working temperature, and electrical strength [3]. Group 2: Compliance and Manufacturers - The inspected products included those from well-known manufacturers such as Midea and Haier, indicating a strong adherence to quality standards in the industry [3][4]. - Specific models tested included various electromagnetic stoves, with all passing the required safety and performance tests [4].

2月3日，海尔智家涨0.80%，成交额9.77亿元，换手率0.62%，总市值2363.16亿元。 来源：新浪证券-红岸工作室 主力持仓 异动分析 超级品牌+证金持股+无线充电+家用电器 1、海尔集团创立于1984年，从开始单一生产冰箱起步，拓展到家电、通讯、IT数码产品、家居、物 流、金融、房地产、生物制药等领域，成为全球领先的美好生活解决方案提供商。2014年海尔品牌全球 零售量份额为10.2%，连续六年蝉联全球大型家电第一品牌。 2、公司前十大流通股东中包含中央汇金资产管理有限责任公司或中国证券金融股份有限公司。 3、控股股东海尔集团旗下的海尔无线专注无线充电,参与制定了无线电能传输在电磁兼容性电磁辐射等 方面的国家行业标准,并投资前Intel无线充电技术团队成为其控股股东 4、公司的主营业务是家电的研发、生产及销售工作，涉及冰箱/冷柜、厨电、空调、洗衣设备、水家电 及其他智能家庭业务，以及提供智能家庭全套化解决方案。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入3940.30万，占比0.05%，行业排名2/10，连续2日被主力资金增仓；所属行 ...

1月27日，QuestMobile发布《2025中国互联网价值榜》，海尔智家（600690）App荣获2025智能生活人 群首选App。作为国内权威移动互联网大数据研究机构，QuestMobile榜单数据源自真实市场调研分析， 客观反映了各品牌App在行业的活跃渗透水平。此次获奖，不仅印证海尔智家App的用户规模优势，也 体现其在智慧家庭领域的行业领先地位。 海尔智家App还打造开放式生态能力，链接不同行业的丰富智能设备。目前，海尔智慧家庭已接入 6600+生态资源方、55+品牌、167+品类设备，连接智能设备总量超过5200万台，月活用户达到1300多 万。例如通过与长安、奇瑞等车企合作，打造"人车家"全场景解决方案，带来车上管家、家中控车的无 缝智慧体验，让智慧生活从家延伸至家外。 在智慧生活服务体系方面，海尔智家App实现智慧家庭全生命周期服务。在App上，可实现从物流订单 全程跟踪，用户能实时查看订单位置和状态，服务进程一目了然。通过故障AI自诊断，智能设备发生 故障触发自检，还能一键报单，一次上门就解决麻烦。为带来更方面的售后体验，还内置AI语音助 手"小优"，只需像聊天一样，就能完成咨询、报单与预 ...

Market Overview - The white goods sector increased by 0.05% on February 3, with Whirlpool leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up by 1.29%, while the Shenzhen Component Index closed at 14127.1, up by 2.19% [1] Stock Performance - Whirlpool (600983) closed at 11.15, with a rise of 2.39% and a trading volume of 77,200 shares, amounting to a transaction value of 85.91 million yuan [1] - Snowball Electric (001387) closed at 14.80, up by 1.86%, with a trading volume of 34,200 shares and a transaction value of 50.25 million yuan [1] - Hisense Home Appliances (000921) closed at 23.94, increasing by 1.70%, with a trading volume of 76,300 shares and a transaction value of 182 million yuan [1] - Haier Smart Home (600690) closed at 25.20, up by 0.80%, with a trading volume of 388,500 shares and a transaction value of 977 million yuan [1] - Midea Group (000333) closed at 77.91, with a slight increase of 0.08%, trading 345,000 shares for a total of 2.692 billion yuan [1] - Other notable performances include Gree Electric (000651) down by 0.47% and TCL Smart Home (002668) down by 0.81% [1] Capital Flow - The white goods sector saw a net inflow of 137 million yuan from institutional investors, while retail investors experienced a net outflow of 61.62 million yuan [1] - The capital flow for major stocks indicates that Midea Group had a net inflow of 26.3 million yuan from institutional investors, but a net outflow of 79.25 million yuan from retail investors [2] - Haier Smart Home had a net inflow of 38.57 million yuan from institutional investors, with a net outflow of 1.88 million yuan from retail investors [2] - Gree Electric experienced a significant net outflow of 143 million yuan from institutional investors [2] - Deep Kangjia A (000016) faced a substantial net outflow of 15.33 million yuan from institutional investors, while retail investors had a net inflow of 1.22 million yuan [2]

Core Viewpoint - Recent increases in raw material prices, particularly copper and aluminum, have raised concerns about the profitability of leading white goods companies, but historical data suggests that the negative impact on gross margins may diminish over time [1][2] Group 1: Raw Material Price Impact - Since 2008, the home appliance industry has experienced three significant raw material price increase cycles, with the impact on gross margins decreasing over time: the highest quarterly gross margin decline was 5-7 percentage points during 2009-2011, around 5 percentage points in 2016-2017, and approximately 2 percentage points from 2020-2022 [1] - In January 2026, copper and aluminum prices increased by 36.7% and 20.9% year-on-year, respectively, which is lower than the increases seen from 2020-2022, suggesting that the current raw material cost impact on white goods companies may be less severe [2] Group 2: Production and Demand Trends - In February, the total production of white goods in China reached 23.79 million units, a 22.1% decrease compared to the same period last year, with a projected 5.0% decline for January-February combined [3] - The production performance of white goods has shown signs of recovery, with the impact of the Spring Festival timing affecting February production, but cumulative growth for January-February has slightly improved [3] Group 3: Retail Market Performance - In 2025, the retail scale of China's home appliance market is expected to decline by 4.3% year-on-year to 893.1 billion yuan, with specific categories like air conditioners and refrigerators experiencing declines of 0.4% and 11.5%, respectively [4] - Small home appliances are expected to perform better, with an overall retail growth of 3.8%, indicating a relative resilience compared to larger appliances [4] Group 4: Key Data Tracking - In January, the home appliance sector experienced a relative return of -2.6%, with raw material prices for copper and aluminum increasing by 7.8% and 4.8% month-on-month, respectively [5] Group 5: Investment Recommendations - Recommended stocks in the white goods sector include Midea Group, Haier Smart Home, TCL Smart Home, and Hisense Home Appliances, while TCL Electronics and Hisense Visual are recommended in the black goods sector [6]

Core Viewpoint - Kaos IoT Technology Co., Ltd., a subsidiary of Haier Group, has shifted its focus from A-share to Hong Kong stock market for its IPO, aiming to become the "first AI + industrial internet stock" [1][2]. Group 1: Company Overview - Kaos is a leading provider of industrial intelligence products and solutions in China, having developed the COSMOPlat industrial internet platform [2]. - The company has over 9,500 paying customers in key sectors such as home appliances, machinery, and automotive [2]. - As of January 30, 2024, Kaos submitted its listing application to the Hong Kong Stock Exchange [1]. Group 2: Financial Performance - Financial data shows that Kaos generated revenues of approximately CNY 4.994 billion, CNY 5.069 billion, and CNY 4.421 billion for the first three quarters of 2023, 2024, and 2025, respectively [3]. - The net profits for the same periods were approximately -CNY 82.72 million, CNY 65.14 million, and CNY 176 million [3]. - The company expects to turn profitable in 2024 due to increased gross margins and improved operational efficiency [4]. Group 3: Funding and Use of Proceeds - The funds raised from the IPO will be allocated to the development of next-generation industrial software and the iteration of the Tianzhi industrial model [2]. - Specific projects include the development of new simulation algorithms and advanced manufacturing algorithms to support real-time simulation and precise reasoning [2]. Group 4: Customer Dependency and Risks - Kaos has a high dependency on its top five customers, with revenues from them accounting for 81.7%, 80.2%, and 69.7% of total revenues for the respective years [6]. - The largest customer, Haier Group, contributed revenues of CNY 3.6074 billion, CNY 3.4211 billion, and CNY 2.5486 billion, representing 72.2%, 67.5%, and 57.7% of total revenues [6]. - The company acknowledges the risk of not maintaining relationships with existing customers and suppliers, which could adversely affect its business and financial performance [6][7].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600690 证券简称：海尔智家 公告编号：临2026-004 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： ★ 回购D股股份的进展情况：自2026年1月21日至2026年1月31日，公司已累计回购D股股份422,000股， 占公司总股本的比例为0.0045%，购买的最高价为2.1025欧元/股、最低价为2.07欧元/股，支付的金额 （含手续费）为 884,105欧元，该等回购股份将全部注销。 一、 回购D股股份的进展情况 2025年5月28日，公司2024年年度股东大会、2025年第一次A股类别股东大会、2025年第一次D股类别股 东大会、2025年第一次H股类别股东大会审议通过了《海尔智家关于提请股东大会给予董事会一般性授 权以决定回购不超过公司已发行D股股份总数30%股份的议案》。2026年1月21日，公司发布《海尔智 家股份有限公司回购境外上市外资股（D股）的提示性公告》，披露了拟开展回购D股股份的相关安 排。 自2026年1月21日（本次回 ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the home appliance industry, specifically the performance of major appliance segments including white goods, black goods, kitchen appliances, and small appliances [1][2][5]. Core Insights - **Fund Holdings in Home Appliances**: In Q4 2025, the proportion of actively managed equity funds holding home appliances increased, but it remains at a historically low level [1][3]. - **White Goods Performance**: The proportion of funds invested in white goods has seen a recovery, with a notable increase in the number of funds holding these stocks [5]. The market anticipates a continuation of national subsidies in 2026, which is expected to support domestic demand [5]. - **Black Goods Stability**: The proportion of funds in black goods remained stable, attributed to significant pressure on domestic sales due to the depletion of demand from previous subsidies [6][7]. - **Diverse Segment Performance**: Kitchen appliances, small appliances, and lighting segments are experiencing varied levels of attention, with some remaining underweight due to weak demand in the real estate sector [8]. Financial Metrics - **Fund Holdings Data**: - In Q4 2025, the proportion of actively managed equity funds in home appliances was 2.05%, up by 0.11 percentage points from the previous quarter [5]. - The allocation to white goods was 1.58%, an increase of 0.23 percentage points, with a significant rise in the number of funds holding these stocks [5]. - The underweight status for kitchen appliances, small appliances, and lighting was noted, with respective allocations of 0.03%, 0.03%, and 0.02% [8]. Future Outlook - **Market Expectations**: The outlook for leading home appliance companies is positive, with expectations of steady growth in performance [2][5]. - **Investment Recommendations**: - Focus on leading white goods companies that are expected to benefit from continued national subsidies in 2026 [8]. - Consider companies with manufacturing and brand advantages in overseas markets, such as Midea Group, Haier Smart Home, and TCL Electronics [8]. - Opportunities in MiniLED technology and commercial cold chain sectors are highlighted, with specific companies like Hisense and TCL leading in these areas [8][9]. Risks and Considerations - Potential risks include geopolitical trade risks, intensified industry competition, significant fluctuations in raw material prices, and the possibility of market demand recovery falling short of expectations [11].

Core Insights - Kaos IoT Technology Co., Ltd. (Kaos) is set to become the 9th listed company under Haier Group, having submitted its IPO application to the Hong Kong Stock Exchange on January 30, 2024, after previously pursuing an A-share listing [2][3] - The company, established in 2017 and incubated by Haier, aims to expand Haier's capital landscape, which already includes eight listed companies [2][3] - Kaos is recognized as the leading provider in China's industrial data intelligence solutions market, with over half of its revenue currently derived from Haier Group [3][10] Company Overview - Kaos was founded in April 2017 in Qingdao, initially named Haier Industrial Holdings Co., Ltd., focusing on digital transformation services for industries through advanced technologies like AI and IoT [4] - The company is led by Chen Lucheng, a long-time Haier employee with extensive experience in various senior positions within the group [4] - Kaos has developed the COSMOPlat industrial internet platform, integrating industrial software, operating systems, and IoT solutions [4] Financial Performance - Kaos has completed five rounds of financing from 2020 to 2022, raising a total of 2.555 billion yuan, with approximately 81% of the funds utilized for capital expenditures, R&D, and business expansion [5][14] - As of 2022, the post-investment valuation of Kaos reached 16.405 billion yuan [6] - The company reported revenues of 4.994 billion yuan in 2023, with projections of 5.070 billion yuan in 2024 and 4.420 billion yuan in the first three quarters of 2025 [10][11] Revenue Composition - The revenue from data intelligence solutions is expected to grow from 9.13 billion yuan in 2023 to 12.80 billion yuan in 2025, while IoT solutions are projected to decline from 40.80 billion yuan to 31.40 billion yuan during the same period [12] - A significant portion of Kaos's revenue is derived from related party transactions, with over 80% of sales attributed to its top five customers, primarily Haier Group [13] Strategic Focus - The IPO proceeds will be used to enhance core platform capabilities, market expansion, and potential acquisitions, as well as to supplement operational funds [14] - Kaos is also exploring opportunities in overseas markets, with revenue from non-mainland China customers accounting for approximately 12.5% to 14% of total revenue in recent years [13]