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 董事會會議召開日期 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10月16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 海爾智家股份有限公司（「本公司」）董事會（「董事會」）宣佈，本公司謹訂於2025年10 月30日（星期四）舉行董事會會議，以考慮及批准（其中包括）本公司及其附屬公司截 至2025年9月30日止9個月之第三季度業績及其發佈。 ...

Market Overview - The white goods sector experienced a slight decline of 0.02% on October 16, with Aucma leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Individual Stock Performance - Midea Group (000333) closed at 73.18, with a slight increase of 0.36% and a trading volume of 346,800 shares [1] - Gree Electric (000651) closed at 40.77, down 0.12%, with a trading volume of 397,500 shares and a transaction value of 1.619 billion [1] - Haier Smart Home (600690) closed at 25.25, down 0.63%, with a trading volume of 321,500 shares and a transaction value of 813 million [1] - Whirlpool (600983) closed at 10.46, down 0.76%, with a trading volume of 31,200 shares and a transaction value of 33.05 million [1] - TCL Smart Home (002668) closed at 9.61, down 0.93%, with a trading volume of 89,300 shares and a transaction value of 86.25 million [1] - Hisense Home Appliances (000921) closed at 25.80, down 1.04%, with a trading volume of 76,300 shares and a transaction value of 198 million [1] - Changhong Meiling (000521) closed at 7.12, down 1.11%, with a trading volume of 90,300 shares and a transaction value of 64.49 million [1] - Deep Blue Konka A (000016) closed at 5.08, down 1.17%, with a trading volume of 233,200 shares and a transaction value of 119 million [1] - Snowman Electric (001387) closed at 13.36, down 1.26%, with a trading volume of 14,300 shares and a transaction value of 1.919 million [1] - Aucma (600336) closed at 6.92, down 2.12%, with a trading volume of 161,500 shares and a transaction value of 113 million [1] Capital Flow Analysis - The white goods sector saw a net outflow of 706 million from institutional investors, while retail investors contributed a net inflow of 417 million [1] - The following stocks had notable capital flows: - Hisense Home Appliances (000921) had a net inflow of 2.3026 million from institutional investors, but a net outflow of 19.2985 million from speculative funds [2] - Snowman Electric (001387) experienced a net outflow of 373,900 from institutional investors, with a net inflow of 95,500 from speculative funds [2] - Whirlpool (600983) had a net outflow of 1.1962 million from institutional investors, but a net inflow of 1.0942 million from speculative funds [2] - TCL Smart Home (002668) saw a net outflow of 6.4928 million from institutional investors, with a net inflow of 2.6876 million from speculative funds [2] - Aucma (600336) had a net outflow of 7.5552 million from institutional investors, but a net inflow of 2.1876 million from speculative funds [2] - Changhong Meiling (000521) experienced a net outflow of 9.0440 million from institutional investors, with a net inflow of 5.0717 million from speculative funds [2] - Deep Blue Konka A (000016) had a significant net outflow of 15.6153 million from institutional investors, but a net inflow of 6.8073 million from speculative funds [2] - Haier Smart Home (600690) had a net outflow of 1.21 million from institutional investors, with a net inflow of 54.5379 million from speculative funds [2] - Gree Electric (000651) had a net outflow of 1.33 million from institutional investors, but a net inflow of 1.44 million from retail investors [2] - Midea Group (000333) had a net outflow of 1.67 million from institutional investors, with a net inflow of 2.47 million from retail investors [2]

Core Insights - Haier launched its 2026 Water Heater and Water Purification Annual Summit, showcasing three major technological innovations in the water industry and introducing multiple new products, including gas water heaters, electric water heaters, and drinking water machines, aimed at enhancing home water usage scenarios [1] Group 1: Technological Innovations - The introduction of the magnesium-free water heater represents a significant shift from traditional electric water heaters, eliminating issues such as magnesium sediment and reduced thermal efficiency, thus lowering maintenance costs for users [3] - The upgraded crystal tank in the Casarte water heater targets the health needs of mothers and infants, providing a gentle and clean bathing experience with a non-metallic inner tank that achieves 99.5% scale prevention and 99.99% sterilization [5] - The new gas water heater V10 series utilizes aerospace-level centrifugal atomization technology to achieve 100% external discharge of condensate water, exceeding national energy efficiency standards with a thermal efficiency of 107.3% [7] Group 2: Product Offerings - The upgraded Casarte golden mineral water purifier can output water rich in eight minerals and provide instant boiled water, addressing diverse drinking water needs [9] - Haier's comprehensive product matrix aims to reconstruct the home water experience, responding to consumer demands for health, convenience, and diverse water usage through technological innovation and industry standards [9]

Core Viewpoint - Haier showcases its comprehensive smart water solutions at the 138th China Import and Export Fair, aiming to redefine the home water experience for global users [1] Group 1: Hot Water Solutions - Haier addresses concerns of families with children regarding bathing water quality and maintenance costs by offering a full range of innovative hot water solutions [3] - The electric water heater features high-quality seamless tanks and enamel heating tubes, combined with a BPS sterilization system for safe and healthy water use [3] - The instant heating 4D constant temperature system ensures stable water temperature throughout bathing, enhancing comfort and safety [3] Group 2: Water Purification Solutions - Haier's upgraded water purification products meet diverse instant drinking needs and address health concerns related to household drinking water [6] - New products feature a UV sterilization module and an intelligent purification system for direct drinking without tanks [6] - The hot drink machine offers rapid heating and precise temperature control, improving water retrieval efficiency while ensuring drinking health [6] Group 3: Heating Solutions - Haier provides a diverse range of heating options, including heat pumps, electric heating, and boilers, tailored to different regional needs [7] - The heat pump heating system uses environmentally friendly refrigerants and maintains stable operation in low-temperature environments [7] - Electric heating products focus on multiple safety protection systems, while boiler products are designed for efficient combustion and customized solutions [7] Group 4: Overall Strategy - At the fair, Haier emphasizes a user-centered approach to develop comprehensive water solutions, aiming to enhance the smart water experience across all household scenarios [9] - The company seeks to set new industry standards for home water experiences and convey innovative possibilities for future home water lifestyles to the global market [9]

Core Insights - The 138th China Import and Export Fair showcased Haier's AI-driven washing machine, which became a focal point for attendees and attracted international buyers [1] - The Haier three-tub washing machine has demonstrated strong market performance, with nearly 200,000 units delivered since its launch in April, and close to one million orders received at the IFA exhibition in September [1][2] - The product's design and functionality are centered around user needs, featuring a unique three-tub design that allows for efficient washing of different clothing types simultaneously, saving approximately 50% of washing time [1] Product Innovation - Haier's product innovation is rooted in localized research and development, integrating resources from ten global R&D centers to meet diverse user demands [2] - The three-tub washing machine's development involved collaboration with over 100 external partners to enhance product functionality [2] - Previous models, such as the Haier X11 washing machine, have also achieved significant market success and international recognition, further establishing Haier's presence in high-end markets [2] Global Expansion - The three-tub washing machine is set to enter European and Middle Eastern markets, reinforcing Haier's global strategy [2] - Differentiated innovative products like the three-tub and X11 washing machines are expected to enhance user experience and solidify Haier's leading position in the global market [2]

Core Insights - Haier washing machines hold a market share of 41.1% in the domestic market and have been the global sales leader for 16 consecutive years, according to GfK and Euromonitor International data [1][3]. Group 1: Innovation and Product Development - Haier's innovation journey is driven by user needs, starting with the launch of the world's first mini fully automatic washing machine in 1997, which achieved sales of 110,000 units in just one month [3]. - The introduction of the dual-power washing machine in 2002 addressed long-standing issues with traditional washing machines, contributing to Haier's global sales leadership [3]. - In 2015, Haier launched the world's first dual-drum washing machine, marking a significant technological advancement in the industry [3]. Group 2: Technological Leadership - Haier has established itself as a leader in the IoT era, holding 6,313 global invention patents and participating in the formulation of 99 international standards [5]. - The company operates 10 major R&D centers and over 150 certified laboratories globally, employing more than 2,800 R&D engineers [5]. - Haier's innovative rhythm includes leading, reserving, pre-researching, and exploring future technologies, supported by 24 smart factories worldwide [5]. Group 3: New Product Launches - In July 2023, Haier introduced the world's first four-drum washing machine, designed to meet the diverse needs of modern households [6]. - The "Fusion Washing and Care" product integrates various functionalities, including quiet operation and aesthetic design, positioning itself as a "home AI washing center" [6][8]. Group 4: Key Features of New Products - The new washing machine features "suspension vibration intelligent balance technology" for stable operation, utilizing a unique structure and AI algorithms for real-time adjustments [8]. - It incorporates "AI human sensing" technology, allowing for automatic activation and voice command capabilities, enhancing user interaction [8]. - The design allows for seamless integration into kitchen cabinetry, addressing space constraints and simplifying installation with a streamlined water and power system [8]. Group 5: Future Outlook - Haier aims to continue innovating in the multi-drum washing machine category and has played a key role in establishing international standards for this product type [10]. - The company is committed to deepening user engagement and creating enhanced washing experiences through ongoing technological advancements [10].

Core Viewpoint - Haier's new washing machine, featuring a groundbreaking four-tub design, represents a significant innovation in the industry, moving beyond traditional competition focused on the number of tubs to a new standard of differentiated washing and care [1][3]. Group 1: Product Innovation - The "Fusion Washing and Care Home" integrates a 10KG washing tub, a 10KG drying tub, and two 1KG specialized washing tubs, allowing for simultaneous washing of different types of clothing, thus enhancing user convenience and care standards [3][5]. - The machine's design occupies only 0.36 square meters, demonstrating efficient use of space while providing comprehensive washing and drying capabilities for various fabric types [3]. Group 2: Technology and Performance - Haier employs original suspension vibration balancing technology, ensuring that the four tubs can operate simultaneously with a vibration amplitude controlled within 0.3mm, addressing common concerns about noise and stability [5]. - The washing tub utilizes AI direct drive technology for optimal cleaning performance, while the drying tub can dry 4KG of clothes in just 45 minutes, showcasing advanced efficiency [5]. Group 3: User Experience - The machine features a smart control interface that allows users to set different tasks for each tub simultaneously, enhancing usability and comfort with a 1.4-meter operational height [5][7]. - Haier's commitment to user experience is evident in its design choices, such as a unique drainage system that prevents cross-contamination of water, ensuring a tailored washing experience [7]. Group 4: Market Position and Impact - Haier has established itself as a leader in the multi-tub washing machine market, having pioneered innovations from dual to triple and now quadruple tub designs, consistently responding to evolving consumer needs [6][9]. - The company holds a 41.1% market share in the domestic market and has been the global sales leader for 16 consecutive years, reflecting its strong competitive position and brand recognition [9].

Group 1 - The home appliance industry is transitioning from a "mass manufacturing + mass distribution" model to a "brand manufacturing + efficient retail" model, driven by market maturity and increased competition [1] - Companies like Haier Smart Home are optimizing governance structures through capital operations, achieving cost reductions and accelerating smart home strategies [1] - After integration, Haier's sales expense ratio significantly decreased due to channel optimization, while management expense ratio steadily declined through a digital decision-making system, with overseas revenue now accounting for over 50% [1] Group 2 - The home appliance ETF (159996) tracks the home appliance index (930697), which includes listed companies involved in the manufacturing and sales of white goods and kitchen appliances, reflecting the overall performance of the home appliance sector [1] - The index exhibits strong consumer attributes and cyclical characteristics, providing a comprehensive view of the market trends in China's home appliance manufacturing industry [1]

Market Overview - The white goods sector increased by 0.44% on October 15, with Whirlpool leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Key stocks in the white goods sector showed the following closing prices and percentage changes: - Whirlpool: 10.54, up 1.35% [1] - TCL Smart Home: 9.70, up 1.25% [1] - Hisense Home Appliances: 26.07, up 1.20% [1] - Gree Electric: 40.82, up 0.59% [1] - Midea Group: 72.92, up 0.44% [1] - The trading volume and turnover for these stocks varied, with Gree Electric having a turnover of 1.79 billion yuan [1] Capital Flow - The white goods sector experienced a net inflow of 117 million yuan from institutional investors, while retail investors saw a net inflow of 11.55 million yuan [1] - The capital flow for individual stocks indicated: - Midea Group: Net outflow of 828.19 million yuan from retail investors [2] - TCL Smart Home: Net inflow of 1.01 million yuan from institutional investors [2] - Gree Electric: Net outflow of 40.32 million yuan from institutional investors [2]

Core Insights - The Shanghai Municipal Market Supervision Administration conducted a quality inspection of household air conditioning products, revealing that all 20 sampled products met quality standards [2] Group 1: Inspection Results - A total of 20 batches of air conditioning products were inspected, with no non-compliant products found [2] - The inspection included 2 batches from production, 14 batches from physical sales, and 4 batches from e-commerce sales [2] - The sampled products originated from 7 provinces and cities, with 3 batches produced in Shanghai and 17 batches from other provinces [2] Group 2: Compliance Standards - The inspection was conducted based on the SHSSXZ0033-2025 guidelines for room air conditioners in Shanghai [2] - All inspected products conformed to relevant quality standards as per the 2025 Shanghai household air conditioning product quality supervision inspection criteria [2]