格隆汇8月7日丨海尔智家(06690.HK)公告，8月7日耗资752万元回购30万股A股。 ...

海尔智家（600690）(06690)发布公告，于2025年8月7日该公司斥资人民币752.47万元回购30万股A股， 回购价格为每股人民币25.05-25.10元。 ...

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) 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； 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8月7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 ...

Core Viewpoint - The competition in China's air conditioning industry for the 2025-2026 cooling year has intensified, with a focus on technology integration, price competition, and channel efficiency as key trends [2][3]. Group 1: Market Dynamics - The air conditioning market is experiencing a slowdown in growth, with domestic retail sales of household air conditioners reaching CNY 126.3 billion, a year-on-year increase of 12.4%, and retail volume at 38.45 million units, up 15.6% in the first half of 2025 [3]. - The export volume of air conditioners is expected to exceed 90 million units for the year, driven by extreme high temperatures [3]. - The competitive landscape is shifting, with Xiaomi gaining market share through low pricing, while Midea and Gree are countering with sub-brands targeting the mid-to-low price segment [3]. Group 2: Technological Advancements - AI technology is becoming a focal point, with companies like Gree and Midea launching AI energy-saving air conditioners and integrating advanced AI models into their products [2][3]. - The demand for energy-efficient and comfortable air conditioning solutions is driving innovation in AI features such as AI energy-saving and AI voice control [2]. Group 3: Supply Chain and Retail Strategies - Companies are focusing on improving supply chain efficiency to cope with profit growth pressures, with Midea and Gree implementing direct-to-consumer (DTC) and new retail strategies [4]. - Retail capabilities are becoming a competitive edge, with various platforms and channels being utilized to enhance consumer engagement and streamline distribution [5]. Group 4: Long-term Strategic Initiatives - Companies are exploring the development of smart home ecosystems, with partnerships aimed at integrating air conditioning with automotive technology [5]. - There is a push for breakthroughs in upstream core components and new materials, with Gree and Midea investing in research for innovative magnetic materials and energy-efficient technologies [5]. Group 5: Competitive Positioning - Despite Xiaomi's close market share to Gree in June, there remains a 9.32 percentage point gap in the online air conditioning market as of August 3, 2025, indicating ongoing competitive pressures [6].

Group 1 - The current valuation of leading white goods companies is at a low level not seen since 2010, while the valuation of the CSI 300 index has been rising, indicating a potential "high cut low" rebound opportunity for the white goods sector [1] - Despite a marginal decline in short-term industry prosperity, the long-term growth potential remains intact, supported by expectations of increased dividend rates and declining government bond yields, which may lead to a phase-wise recovery in valuations [1] - Historical performance during the last A-share bull market shows that leading white goods companies underperformed the CSI 300 and Shanghai Composite Index, but they exhibited excess returns during rapid index upswings [2] Group 2 - The new regulations for public funds may enhance their preference for white goods, with over 10% of holdings in leading companies, and a significant portion being passive index funds, indicating room for increased allocation [3] - The current dividend yield of white goods companies is attractive, with Gree at 7% and Midea at 5%, which is significantly higher than that of banks and non-bank financials, suggesting a favorable investment opportunity [4] - The insurance sector is expected to allocate 30% of new premiums to A-shares starting in 2025, which could further boost investment in white goods due to their stable dividend yields and higher return on equity compared to banks [4]

Group 1 - The event "Exploring Yunnan's Slow Life" organized by Haier Brothers will take place from August 8 to 10 at Kunming 1903 Yunhu Square, focusing on the theme of Yunnan's unique lifestyle during the rainy season [1] - Activities include showcasing the authentic Dai ethnic culture, revealing hidden cultural treasures of Yunnan, and offering mushroom classes to explore the local culinary delights [1][7] - Interactive experiences such as a market visit, postcard delivery, and DIY plant dyeing will enhance visitor engagement and appreciation of Yunnan's culture [5][7] Group 2 - Attendees will receive a "Haier Brothers Take You to Yunnan" map to collect stamps at various exhibition areas, which can be exchanged for customized gifts, promoting memorable experiences [7] - A special area featuring Haier's smart home appliances will be set up, allowing visitors to experience the convenience and comfort of technology while enjoying the slow lifestyle [7] - The event aims to blend nature, culture, and technology, encouraging participants to embrace a more relaxed and beautiful way of life [8]

Core Insights - The air conditioning market is experiencing significant growth due to high temperatures and the "old-for-new" policy, with Haier Air Conditioning being the only brand among the top three to achieve positive growth in both sales volume and revenue share [1] - Haier's new AI air conditioning solutions focus on addressing user pain points and enhancing air quality, marking the company's entry into the AI air conditioning era [3] Market Performance - Haier Air Conditioning's installation volume increased by over 50%, with online market share rising by 2.3% and offline share growing by 2% [1] - In the high-end air solution sector, the Casarte brand saw revenue growth exceeding 50%, with a 120% year-on-year increase in sales of air solution products [1] - Global retail volume for Haier's products grew by 20%, with a net increase of 1.2 percentage points in global market share [1] Product Innovations - The newly launched Yunxi air conditioner features advanced technologies that ensure strong cooling performance even in extreme temperatures of up to 70°C and stable heating in conditions as low as -35°C [4] - The Yunxi air conditioner boasts an APF value of up to 6.03, indicating a potential annual electricity savings of 40.3%, particularly effective in hotter weather [6] - The product incorporates "sound source positioning" technology to avoid direct airflow on users, enhancing comfort [6] AI and Standards - Haier introduced the first industry standard for AI air conditioning, aiming to distinguish genuine smart features from superficial claims, thereby improving user experience [7] - The Haier brand emphasizes "healthy air," Casarte focuses on "extreme comfort," and Leader is dedicated to "smart energy saving," showcasing a comprehensive approach to AI integration across its product lines [9] Comprehensive Solutions - Haier's "one machine, three systems" solution simplifies home climate control by combining cooling, heating, and air exchange functions into a single device, saving space and reducing installation complexity [12] - The "dynamic five-constant system" from Casarte maintains temperature fluctuations within 0.5°C, ensuring consistent comfort [12] - Haier offers an "8-hour rapid replacement" service for central air conditioning systems, minimizing disruption to existing home decor during upgrades [12] User-Centric Approach - Haier's strategic launch event highlighted its commitment to user value, showcasing innovations that enhance comfort and air quality, thus redefining the home breathing experience [13]

Group 1 - The State Intellectual Property Office of China has reported that Qingdao Haier Special Refrigerator Co., Ltd., Qingdao Haier Intelligent Technology Research and Development Co., Ltd., and Haier Smart Home Co., Ltd. have applied for a patent titled "Refrigeration Equipment" with publication number CN120426672A, filed on February 2024 [1] - The patent application relates to the field of refrigeration technology, disclosing a refrigeration device that includes an inner container designed to hold items in a low-temperature storage space, an outer shell covering the inner container, and a stacked refrigeration system with multiple heat exchange units arranged in the interlayer space [1] - The design of the refrigeration device aims to create a temperature gradient from the inside to the outside, which can reduce the thermal conductivity between the components and slow down the loss of cold energy, thereby improving refrigeration efficiency and achieving energy-saving effects [1] Group 2 - Qingdao Haier Special Refrigerator Co., Ltd. was established in 2001, located in Qingdao, with a registered capital of 401.30 million RMB, and has invested in 4 companies and participated in 1,133 bidding projects [2] - Qingdao Haier Intelligent Technology Research and Development Co., Ltd. was founded in 2014, also located in Qingdao, with a registered capital of 13 million RMB, having invested in 9 companies and participated in 7 bidding projects [2] - Haier Smart Home Co., Ltd. was established in 1994, located in Qingdao, with a registered capital of 9,438.11 million RMB, having invested in 58 companies and participated in 1,712 bidding projects [2]

Core Insights - Haier Air Conditioning achieved a 20% global sales growth and a net increase of 1.2 percentage points in global market share, demonstrating the resonance of its "Good Air" strategy among users [1][3] - The company is the only brand among the top three in the air conditioning industry to experience positive growth in both sales volume and revenue, with installation volume increasing by over 50% [3] Product Innovations - Haier launched three major innovative products at the Zhengzhou event, focusing on creating an ultimate "Good Air" experience for users [3][10] - The Yunxi air conditioner sets a new benchmark for comfort and energy efficiency, featuring technologies that ensure stable cooling and heating performance even in extreme weather conditions [5][9] - The "AI Energy-Saving Brain" and "Variable Flow Technology" in the Yunxi model can achieve an APF value of up to 6.03, with potential annual electricity savings of 40.3% [5] AI Standards and User Experience - Haier introduced the industry's first group standard for AI air conditioners, addressing user pain points related to smart technology [7][10] - The standard aims to distinguish "true intelligence" from "fake AI," ensuring that smart technologies genuinely enhance user convenience and comfort [7] Comprehensive Solutions - Haier's "One Machine, Three Systems" solution simplifies the installation process by combining cooling, heating, and fresh air exchange into a single device [9] - The "Dynamic Five Constant System" maintains temperature fluctuations within 0.5℃ across spaces, ensuring a consistently fresh air environment [9] - The company offers an "8-hour rapid replacement" service for old units, minimizing disruption to users' lives during upgrades [9]

Group 1 - The core viewpoint emphasizes the continuous innovation in China's light industry, with new technologies, equipment, materials, and products driving structural optimization and upgrades [1] - The China Light Industry Federation is enhancing the authority and credibility of technology achievement identification to support the transformation and promotion of technological achievements [1] - In the second quarter of 2025, the Federation will evaluate the latest achievements from 19 sectors, including home appliances, plastics, food, and more, contributing to consumption and industrial upgrades [1] Group 2 - In the home appliance sector, Midea's new refrigerant system significantly improves reliability in high-pressure and high-humidity environments, enhancing kitchen air conditioning [2] - Gree Electric Appliances has developed a new heat pump air conditioner that operates efficiently in extreme conditions, addressing consumer needs [2] - The food industry has seen advancements with the Inner Mongolia National Dairy Technology Innovation Center improving infant formula protein's nutritional efficacy [2] Group 3 - Guangdong Academy of Microbiology has developed a networked prevention theory for food safety, integrating big data and AI for rapid detection and control [3] - Angel Yeast has focused on high-value yeast processing technologies, expanding applications in liquid food systems [3] - The China Meat Research Center has established a cell-cultured meat production line, creating sustainable pathways for the meat industry [3] Group 4 - Haier has made breakthroughs in home design technology, providing a one-stop digital service platform for home decoration [4] - Luzhou Laojiao has innovated an automated high-speed bottling system, significantly increasing production efficiency [4] - Southeast University has developed a skin chip that replaces animal testing, enhancing the efficiency of cosmetic product development [4] Group 5 - The technological achievements are recognized for meeting national strategies and consumer needs, contributing positively to industry advancements [5] - The China Light Industry Federation aims to enhance mechanisms for promoting technological innovation and ensure efficient conversion of technological achievements into productive forces [6]