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： 2025年6月18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 | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 600690 | 說明 | 每股面值人民幣1元之普通股(A股) (於上海證券交易所上市) | | | | | 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）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存 ...

Group 1 - The core viewpoint of the article highlights how the integration of industrial internet and AI can enhance brand value, exemplified by the Kaos COSMOPlat platform, which has achieved a brand value of 116.335 billion yuan, an increase of 13.558 billion yuan from the previous year [1] - The World Brand Laboratory's report emphasizes that AI is now a central driving force in global brand strategy and digital supply chain management, facilitating a shift from product-centric to consumer-centric approaches [1] - The Kaos COSMOPlat platform has been recognized as a leading case in the development of industrial AI models, supporting over 45 high-value scenarios across nine industries, including home appliances and energy [3] Group 2 - The Kaos COSMOPlat platform has collaborated with Yanchang Petroleum to create an energy and chemical model, resulting in the development of 38 intelligent agents that enhance efficiency by an average of 20% in oil extraction and refining processes [3] - The platform's smart chemical park solutions have been implemented in over 30 chemical parks across more than 10 provinces, serving over 400 chemical enterprises [4] - In the Anhui Changfeng County industrial park, the energy utilization efficiency has improved by 20% and carbon emissions have been reduced by 15%, equivalent to the carbon absorption capacity of an additional 2,000 acres of forest [4]

智通财经6月18日电，香港交易所信息显示，摩根大通（JPMorgan）在海尔智家的持股比例于06月12日 从5.03%降至4.99%，平均股价为23.4057港元。 ...

Core Viewpoint - The rise of the "lazy economy" is evident, with services like home cooking gaining popularity among busy individuals, particularly young people, who are willing to pay for convenience [8][10][29]. Group 1: Home Cooking Services - A woman in Hangzhou is making nearly 20,000 yuan a month by providing home cooking services, charging 88 yuan for three dishes and a soup per order [3][5]. - Despite skepticism from some netizens regarding the feasibility of completing six orders a day, the demand for such services is high, indicating a busy schedule for the service provider [5][8]. - The trend of hiring cooks for home meals is not new but has gained traction beyond traditional occasions, reflecting a shift in consumer behavior [7][8]. Group 2: Lazy Economy Growth - The "lazy economy" is characterized by a surge in demand for services that save time and effort, such as meal preparation, grocery shopping, and cleaning [10][11]. - Young people are the primary drivers of this trend, seeking convenience in their busy lives [9][10]. - The market for lazy services is expanding rapidly, with various offerings available, from meal delivery to professional cleaning and pet care [16][19]. Group 3: Consumer Behavior and Preferences - Consumers are increasingly opting for services that allow them to reclaim their time, especially in urban settings where long commutes and work hours leave little room for household chores [29][32]. - The perception of "laziness" is evolving, with many viewing it as a rational response to time scarcity rather than a lack of ambition [28][29]. - The demand for convenience is leading to innovative service offerings, such as pre-prepared meals and specialized cleaning services, which cater to the needs of busy individuals [19][24]. Group 4: Market Potential - The lazy economy represents a multi-trillion yuan market, driven by the desire for convenience and efficiency in daily life [10][26]. - The growth of this sector is not limited to food services; it encompasses a wide range of industries, including home appliances and personal services [26][27]. - As consumer preferences shift towards convenience, businesses that adapt to these changes are likely to thrive in the competitive landscape [27][28].

Group 1 - The article discusses the impact of the conflict between Israel and Iran on global energy markets, highlighting that a strike on Iranian nuclear facilities led to a significant spike in Brent crude oil prices by 13%, the highest since the Russia-Ukraine conflict [5][7] - The importance of the Strait of Hormuz is emphasized, as it is a critical passage for 20% of the world's oil and 25% of liquefied natural gas (LNG) trade, with major implications for global energy supply if it were to be blocked [12][9] - The article outlines the vulnerabilities of modern industrial supply chains, particularly how disruptions in the Strait of Hormuz can affect various sectors, including energy-intensive manufacturing in Germany and the solar glass industry in China [8][7] Group 2 - The article details the potential for crisis arbitrage, noting that companies like LONGi Green Energy are capitalizing on the situation by securing contracts for solar projects in the Middle East, reflecting a shift towards energy independence in the region [18][19] - There is a surge in demand for safe-haven assets such as gold and U.S. Treasury bonds, indicating a strong market reaction to geopolitical tensions [22][24] - The military sector is also seeing increased interest, with companies like Hongdu Aviation receiving orders for military equipment from Middle Eastern countries, showcasing a growing demand for defense capabilities [25][27] Group 3 - The article suggests that China should consider a "dual-loop design" for energy supply routes to mitigate risks associated with the Strait of Hormuz, including potential pipeline projects to bypass the strait [29][30] - It highlights the need for technological advancements and local supply chain adaptations in response to potential disruptions, such as the reliance on strontium ore from Iran for manufacturing permanent magnet motors [30][17] - The article concludes that the ongoing conflict is reshaping global business dynamics, emphasizing the importance of energy sovereignty and the need for companies to possess physical, financial, and political capital to survive in a changing landscape [34][33]

Core Viewpoint - Chinese home appliance companies are increasingly investing in Southeast Asia, transitioning from initial market entry to comprehensive investment strategies that balance local production and international trade risks [4][5][17]. Group 1: Investment Trends - Companies like Weili and Haier are establishing local operations in Southeast Asia, with Haier aiming for a 30% market share in the region [4][6]. - Weili has expanded its production capacity in Thailand, launching new production lines for microwaves and cooling products, while also enhancing its warehousing facilities [5][6]. - Other companies such as Aishida, TCL, and BOE are also making significant investments in Southeast Asia, with Aishida planning to invest up to 150 million yuan in Vietnam for a new manufacturing base [6][10]. Group 2: Market Dynamics - The Southeast Asian market is characterized by a diverse cultural landscape, which influences product design and marketing strategies [10][15]. - Despite fluctuating U.S. tariffs, Southeast Asia remains an attractive manufacturing hub due to its growing local market potential and favorable demographic factors [10][12]. - The commercial air conditioning market in Vietnam, Thailand, and Indonesia is showing resilience, with Vietnam's market reaching $123 million, a year-on-year increase of 13.9% [11][12]. Group 3: Competitive Landscape - Chinese brands are gradually increasing their market share in Southeast Asia, with companies like Haier and Midea making significant strides in the high-end appliance segment [10][12]. - The competitive landscape includes established brands like Samsung and LG, which continue to strengthen their presence in the region [12][15]. - The cost of industrial land in Thailand has doubled over the past year, yet it remains relatively affordable compared to other regions, while labor costs are also competitive [15][16]. Group 4: Supply Chain Challenges - A major challenge for companies establishing operations in Southeast Asia is the underdeveloped local supply chain, which can lead to higher production costs compared to China [16][17]. - Companies are expected to gradually improve local supply chain capabilities as more Chinese firms invest in the region, potentially equalizing production costs over time [16][17]. - The current production strategy for many companies still relies heavily on Chinese manufacturing for core components, even as they expand their overseas operations [16][17].

FF305 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 | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 600690 | 說明 | 每股面值人民幣1元之普通股(A股) (於上海證券交易所上市) | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | | | 於下列日期開始時的結存(註1) ...

沪指6月17日下跌0.04%，申万所属行业中，今日上涨的有14个，涨幅居前的行业为煤炭、公用事业， 涨幅分别为0.89%、0.82%。家用电器行业今日上涨0.48%。跌幅居前的行业为医药生物、美容护理，跌 幅分别为1.44%、1.24%。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 000333 | 美的集团 | 1.12 | 0.47 | 29092.48 | | 603215 | 比依股份 | 6.13 | 17.67 | 9597.08 | | 600690 | 海尔智家 | 2.01 | 0.68 | 8985.90 | | 603579 | 荣泰健康 | 10.01 | 6.24 | 4534.79 | | 300342 | 天银机电 | 2.99 | 8.92 | 4486.90 | | 002402 | 和而泰 | 1.63 | 4.33 | 3637.89 | | 300403 | 汉宇集团 | 1.06 | 5.44 | 1730.93 | | 300911 | 亿田智能 | ...

Core Viewpoint - The main challenge for building factories in Southeast Asia is the lack of a well-developed local supply chain, resulting in higher overall production costs compared to domestic production in China [1][12]. Group 1: Company Strategies and Developments - Weili has invested in a factory in Thailand to mitigate trade risks and has trained 38 key personnel in Thai language to ensure efficient operations [3][4]. - Haier aims to capture a 30% market share in Southeast Asia and is focusing on building a comprehensive marketing and service network [3][4]. - Companies like Aishida, TCL, and BOE are expanding their presence in Southeast Asia, with significant investments in local production facilities [5][6]. Group 2: Market Trends and Opportunities - The trend of Chinese companies investing in Southeast Asia has evolved through three phases, from initial exploration to full-scale investment for both trade risk mitigation and local market opportunities [13][14]. - The Southeast Asian market is seen as a new growth point for Chinese brands, with a population of 670 million, which is about half of China's population [11]. - The commercial air conditioning market in Southeast Asia is projected to grow, with Vietnam, Thailand, and Indonesia showing resilience despite global economic fluctuations [9]. Group 3: Challenges and Supply Chain Issues - The primary challenge remains the underdeveloped local supply chain, which leads to higher production costs compared to China [1][12]. - Industrial land costs in Thailand have increased significantly, from 400,000 RMB per mu last year to 800,000-1,000,000 RMB this year, although overall land costs remain relatively low [11]. - Labor costs in Thailand and Indonesia are competitive, with monthly wages for workers in Thailand around 3,000 RMB and in Indonesia ranging from 1,500 to 2,300 RMB [11].

Market Overview - The FTSE China A50 Index showed mixed performance among its constituent stocks, particularly in the banking and liquor sectors [1] Insurance Sector - China Pacific Insurance had a market capitalization of 381.21 billion, with a trading volume of 1.04 billion, closing at 54.23, down by 0.30 (-0.82%) [3] - China Life Insurance reported a market cap of 348.16 billion and a trading volume of 0.72 billion, closing at 36.19, down by 0.09 (-0.17%) [3] - Ping An Insurance had a market cap of 987.54 billion, with a trading volume of 2.75 billion, closing at 8.62, down by 0.09 (-1.03%) [3] Liquor Industry - Kweichow Moutai had a market cap of 1,792.59 billion, with a trading volume of 3.87 billion, closing at 117.71, up by 2.53 (+1.47%) [3] - Shanxi Fenjiu reported a market cap of 213.19 billion, with a trading volume of 2.32 billion, closing at 1427.00, down by 0.56 (-0.47%) [3] - Wuliangye Yibin had a market cap of 456.90 billion, with a trading volume of 1.49 billion, closing at 174.75, up by 4.71 (+0.33%) [3] Semiconductor Sector - Northern Huachuang had a market cap of 222.16 billion, with a trading volume of 1.30 billion, closing at 135.70, down by 24.25 (-4.06%) [3] - Cambricon Technologies reported a market cap of 239.33 billion, with a trading volume of 3.79 billion, closing at 415.90, down by 2.65 (-1.92%) [3] - Haiguang Information had a market cap of 315.41 billion, with a trading volume of 1.79 billion, closing at 573.30, up by 3.51 (+0.85%) [3] Automotive Sector - BYD had a market cap of 1,888.74 billion, with a trading volume of 2.41 billion, closing at 5.76, down by 0.69 (-0.20%) [3] - Great Wall Motors reported a market cap of 183.59 billion, with a trading volume of 0.30 billion, closing at 343.74, down by 0.01 (-0.05%) [3] - Shanghai-Kunming High-Speed Railway had a market cap of 281.81 billion, with a trading volume of 0.37 billion, closing at 21.45, up by 0.01 (+0.17%) [3] Oil and Shipping Sector - Sinopec had a market cap of 722.62 billion, with a trading volume of 1.50 billion, closing at 5.96, up by 0.16 (+1.77%) [3] - COSCO Shipping reported a market cap of 1,680.13 billion, with a trading volume of 1.71 billion, closing at 9.18, up by 0.05 (+0.85%) [3] - China National Petroleum Corporation had a market cap of 253.10 billion, with a trading volume of 1.44 billion, closing at 16.34, up by 0.22 (+1.36%) [3] Coal Sector - Shaanxi Coal and Chemical Industry had a market cap of 195.35 billion, with a trading volume of 2.41 billion, closing at 246.26, up by 0.46 (+1.18%) [3] - China Shenhua Energy reported a market cap of 784.81 billion, with a trading volume of 0.98 billion, closing at 39.50, up by 0.37 (+1.87%) [3] - Contemporary Amperex Technology Co. Ltd. had a market cap of 1,122.78 billion, with a trading volume of 0.73 billion, closing at 20.15, down by 0.40 (-0.16%) [3] Other Sectors - Long江电力 had a market cap of 195.19 billion, with a trading volume of 2.40 billion, closing at 21.71, up by 0.21 (+0.69%) [4] - China Nuclear Power reported a market cap of 343.11 billion, with a trading volume of 0.75 billion, closing at 9.49, up by 0.08 (+0.85%) [4] - Dongfang Fortune had a market cap of 750.44 billion, with a trading volume of 4.33 billion, closing at 30.67, down by 0.02 (-0.09%) [4]