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。 承董事會命 海爾智家股份有限公司 董事長 李華剛 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條由海爾智家股份 有限公司作出。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 以下公告的中文版本已於上海證券交易所網站(www.sse.com.cn)刊登，僅供參閱。 特此公告。 中國青島 2025年7月18日 证券代码：600690 证券简称：海尔智家 公告编号：临 2025-049 海尔智家股份有限公司 2024年年度A 股权益分派实施公告 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： 每股分配比例 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 ...

Core Viewpoint - Chinese home appliance companies are increasingly gaining market share in Europe, prompting Korean companies to adopt new strategies to compete effectively [4][5][10]. Group 1: Market Dynamics - Haier, Midea, and other Chinese companies are expanding their presence in the European market, with Haier's market share in the UK reaching 9% [10]. - Midea's MBT Climate has established a new R&D center in Italy, investing €12 million to focus on environmentally friendly technologies [5][11]. - Chinese air conditioning exports to Europe reached $1.557 billion in the first five months of 2025, marking a 12.3% year-on-year increase [6][10]. Group 2: Competitive Strategies - LG Electronics plans to launch jointly developed washing machines and refrigerators priced around $500 in Europe, moving from OEM to JDM collaboration with Chinese firms [6][7]. - LG's strategy aims to capture the mid-to-low price market segment, which has been increasingly dominated by Chinese brands [9]. - Chinese companies are not only competing on price but are also moving towards the mid-to-high-end market, creating a diverse brand matrix [10][11]. Group 3: Financial Performance - Midea reported a record revenue of 407.1 billion RMB in 2024, with a significant portion coming from its home appliance segment [8]. - LG Electronics' revenue for 2024 was $62.893 billion, with a notable decline in profit margins compared to Chinese competitors [8][9]. - Haier and Hisense also reported record performances, indicating a strong competitive position against LG and other traditional players [8][10].

Core Viewpoint - The article discusses the competitive landscape of the robotic vacuum cleaner market in Russia, highlighting the rapid rise of Chinese brands following the exit of Western brands due to the Russia-Ukraine conflict, and the challenges these brands face as the market matures and competition intensifies [2][8]. Group 1: Market Dynamics - The exit of Western brands has created a significant market vacuum in Russia, which Chinese sellers have quickly filled, with local stores now featuring 90% Chinese-made products [2][8]. - The profit margins in the robotic vacuum market have drastically decreased from 60% to around 20% due to increased competition and the end of the "pure dividend era" [2][9]. - Major players like Xiaomi, Roborock, and Midea have emerged, with Xiaomi leading the market with over 30% share, while other brands like Dreame and Ecovacs struggle to maintain their positions [22]. Group 2: Entry Strategies - Companies entering the Russian market must act quickly, as delays can exponentially increase competition and difficulty [4][10]. - A successful entry strategy involves understanding local market dynamics, leveraging existing supply chains, and adapting products to meet local consumer preferences [10][11]. - The current market is still in a phase where competitive products can succeed without significant upfront investment in marketing or promotions [11]. Group 3: Product Localization - Russian consumers have shown a preference for high-quality, aesthetically pleasing products, indicating a need for localized design and marketing strategies [19]. - There is a significant opportunity for small household appliances in the Russian market, as evidenced by successful local brands that have gained traction [23]. - Products that do not consider local consumer habits, such as size and functionality differences, may struggle to succeed [17]. Group 4: Regulatory and Operational Challenges - The Russian market is characterized by complex regulations and a rapidly changing policy environment, which requires companies to stay informed and adaptable [39]. - Companies must navigate various tax regimes and compliance requirements, with a focus on establishing local entities to optimize tax benefits [31][34]. - The choice of service providers is critical, as companies must evaluate the reliability and reputation of logistics and financial service providers to avoid costly pitfalls [35][37].

Core Viewpoint - Haier Smart Home Co., Ltd. has announced a differentiated cash dividend distribution plan for its shareholders, with a cash dividend of RMB 0.96504 per share for A shares, approved at the 2024 annual general meeting on May 28, 2025 [1][2]. Dividend Distribution Details - The cash dividend distribution is set at RMB 9.65 per 10 shares (including tax), excluding shares held in the company's repurchase account [2]. - The total cash dividend to be distributed to A shareholders amounts to RMB 5,977,681,480.40, based on a total A share capital of 6,254,501,095 shares, after deducting 60,269,270 shares held in the repurchase account [3]. - The A share equity registration date is July 24, 2025, with the last trading day on July 25, 2025, and the ex-dividend date also on July 25, 2025 [3][5]. Implementation Method - Cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch to shareholders registered by the equity registration date [5]. - Shareholders who have not completed designated transactions will have their dividends held by the China Securities Depository and Clearing Corporation until they complete the necessary transactions [5]. Taxation Information - For individual shareholders and securities investment funds, the actual cash dividend received will vary based on the holding period, with a maximum of RMB 0.96504 per share for those holding shares for over one year [6][7]. - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in an actual cash dividend of RMB 0.86854 per share [7][8]. - Hong Kong Stock Exchange investors will also receive dividends after a 10% withholding tax, with the same net amount of RMB 0.86854 per share [8].

Core Viewpoint - The legal opinion from Beijing Zhonglun Law Firm confirms that Haier Smart Home Co., Ltd.'s differentiated dividend distribution plan for 2024 complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [8]. Group 1: Differentiated Dividend Distribution - The differentiated dividend distribution is based on the company's 2024 profit distribution plan, which proposes a cash dividend of RMB 9.65 per 10 shares (including tax) for all shareholders, excluding shares held in the repurchase account [5][6]. - As of the date of the legal opinion, the company has repurchased a total of 59,919,870 shares, with 31,481,400 shares held in the repurchase account, which do not participate in the profit distribution [3][4]. Group 2: Impact on Ex-Dividend Price - The actual cash dividend per share is RMB 9.65, and the total number of shares eligible for distribution is 6,194,231,825 shares after excluding repurchased shares [6]. - The ex-dividend reference price calculated based on actual distribution is approximately RMB 23.96 per share, while the virtual distribution reference price is approximately RMB 23.97 per share, indicating a minimal impact of 0.0388% on the ex-dividend price due to the shares in the repurchase account not participating in the dividend [6][7]. Group 3: Legal Compliance - The legal opinion asserts that the differentiated dividend distribution adheres to the Company Law, Securities Law, and other relevant regulations, confirming that it does not infringe upon the rights of the company or its shareholders [8].

北京市中伦律师事务所 关于海尔智家股份有限公司 差异化分红事项的 专项法律意见 2025 年 6 月 1 北京市中伦律师事务所 关于海尔智家股份有限公司 差异化分红事项的 专项法律意见 致：海尔智家股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受海尔智家股份有限公司（以 下简称"海尔智家"或"公司"）的委托，根据《中华人民共和国公司法》（以 下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上 市公司股份回购规则》（以下简称《回购规则》）、《上海证券交易所上市公司 自律监管指引第 7 号——回购股份》（以下简称《自律监管指引第 7 号》）、《上 海证券交易所股票上市规则》等法律法规、其他规范性文件以及《海尔智家股份 有限公司章程》（以下简称《公司章程》）的规定，就公司 2024 年度利润分配 所涉及的差异化分红特殊除权除息处理（以下简称"本次差异化分红"）的相关 事宜进行专项核查并出具本法律意见。 为出具本法律意见，本所律师审查了公司本次差异化分红的有关文件和材料， 就相关事项向公司进行了必要的询问。本所律师得到公司如下保证，即其已提供 了本所律师认为作为出具本法律意见所必需的材 ...

证券代码：600690 证券简称：海尔智家 公告编号：临 2025-049 海尔智家股份有限公司 2024年年度A 股权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.96504元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/24 | － | 2025/7/25 | 2025/7/25 | 一、 通过分配方案的股东会届次和日期 本次利润分配方案经海尔智家股份有限公司（简称"公司"、"本公司"）2025 年 5 月 28 日 的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等有关规定，公司 差异化分红送转： 是 ...

Core Insights - The Chinese television market is experiencing a significant concentration of market share among domestic brands, with the top seven brands accounting for 92.6% of total shipments in Q1 2023, marking a historical high [1][2] Group 1: Market Performance - In Q1 2023, the total shipment volume of televisions in China reached 8.52 million units, a slight decrease of 0.6% year-on-year and an 8.9% decline compared to 2021 [1] - The top seven domestic brands, including Xiaomi, Hisense, TCL, Skyworth, Changhong, Haier, and Konka, shipped a total of 7.89 million units, representing a year-on-year growth of 2.5% [2] - Hisense and its sub-brand Vidda achieved nearly 2 million units in shipments, with a year-on-year growth of 13% [2] - TCL, including its sub-brands, saw a remarkable 37% increase in shipments, the highest growth rate in the industry [2] Group 2: Competitive Landscape - The competition among leading brands is intensifying, with the first-tier brands like Hisense and TCL maintaining strong growth, while the second-tier brands are facing pressure [3] - Huawei's shipments dropped over 50% due to internal adjustments, highlighting the need for improved sales performance post-adjustment [3] - Foreign brands like Sharp, Sony, Samsung, and Philips have seen their combined market share fall below 10%, indicating a significant decline [2][3] Group 3: Strategic Directions - Domestic brands are focusing on high-end market segments and expanding into commercial and automotive sectors, indicating a shift towards diversification [3][4] - Companies are investing in OLED and miniLED technologies and are entering vertical integration phases by expanding into display, operating systems, and chip industries [4] - As the domestic market becomes saturated, companies like Hisense and TCL are increasingly targeting international markets, with strategies aimed at significant overseas expansion [5][6]

Core Insights - The article highlights the unprecedented high temperatures in Northeast China this summer, challenging the perception of the region as cool and requiring no air conditioning [1] - Harbin Finance University has responded by purchasing 3,371 units of Haier air conditioners to enhance student comfort [1] - Haier's air conditioners are favored for their strong cooling capabilities and comprehensive service system, making them a preferred choice for educational institutions [2] Group 1: Market Demand and Response - The demand for cooling solutions in universities has surged due to extreme heat, with "no air conditioning in schools" becoming a hot topic [1] - Haier has secured significant contracts with various universities, including 4,600 units for Qilu University of Technology, 8,000 units for North China Institute of Science and Technology, and 2,400 units for Hunan University of Commerce [2] - As of mid-June, the total value of public bidding for air conditioning installation projects in universities across the country exceeded 450 million yuan, with Haier capturing over 50% market share [2] Group 2: Product Features and Performance - Haier's air conditioners are designed to withstand prolonged high temperatures, ensuring rapid and stable cooling performance [1] - The company has implemented measures to reduce operational noise, such as adding professional shock-absorbing pads, to minimize disruption to students [1] - According to GfK and CMMI data, Haier's online sales surged by 63% year-on-year in the first half of 2025, while offline sales increased by 27%, solidifying its position as a top brand in the industry [2]

Market Overview - The FTSE China A50 Index components showed strong performance in sectors such as banking, insurance, and liquor, while the consumer electronics sector underperformed [1][6]. Banking Sector - Everbright Bank had a market capitalization of 254.068 billion with a trading volume of 609 million, closing at 4.30, up by 0.03 (+0.70%) [3]. Insurance Sector - China Ping An and China Life Insurance had market capitalizations of 1,039.258 billion and 356.818 billion respectively, with trading volumes of 24.93 billion and 6.12 billion. Their stock prices increased by 0.42 (+1.15%) and 0.03 (+0.36%) [3]. Liquor Industry - Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,805.156 billion, 220.936 billion, and 480.465 billion respectively. Their trading volumes were 59.85 billion, 25.98 billion, and 30.62 billion, with stock price increases of 5.03 (+2.86%), 20.65 (+1.46%), and 1.13 (+0.92%) [3]. Semiconductor Sector - Northern Huachuang, Cambricon Technologies, and Hygon had market capitalizations of 234.658 billion, 243.739 billion, and 318.365 billion respectively. Their trading volumes were 26.40 billion, 29.85 billion, and 16.55 billion, with stock price changes of +6.59 (+2.07%), -1.03 (-0.75%), and +0.22 (+0.04%) [3]. Oil Industry - Sinopec and PetroChina had market capitalizations of 271.538 billion and 705.647 billion respectively, with trading volumes of 8.53 billion and 6.48 billion. Their stock prices increased by 0.09 (+1.57%) and remained unchanged [3]. Coal Industry - China Shenhua and Shaanxi Coal and Chemical Industry had market capitalizations of 743.083 billion and 185.562 billion respectively, with trading volumes of 7.78 billion and 9.61 billion, with stock price increases of 0.27 (+0.73%) and 0.17 (+0.90%) [3]. Automotive Sector - BYD had a market capitalization of 1,808.349 billion with a trading volume of 44.82 billion, closing at 329.11, up by 1.09 (+0.33%) [3]. Shipping and Port Sector - No specific data provided for this sector in the document [4]. Power Industry - No specific data provided for this sector in the document [4]. Securities Sector - CITIC Securities had a market capitalization of 420.014 billion with a trading volume of 18.87 billion, closing at 28.34, up by 0.09 (+0.32%) [4]. Battery Sector - CATL had a market capitalization of 1,236.485 billion with a trading volume of 59.82 billion, closing at 271.20, up by 5.70 (+2.15%) [4]. Consumer Electronics - Industrial Fulian and Luxshare Precision had market capitalizations of 538.390 billion and 280.871 billion respectively, with trading volumes of 35.27 billion and 53.15 billion, with stock price decreases of -0.39 (-1.42%) and -0.67 (-1.70%) [4]. Home Appliances - Haidilao and Gree Electric Appliances had market capitalizations of 268.195 billion and 241.985 billion respectively, with trading volumes of 10.06 billion and 8.44 billion, with stock price changes of +0.32 (+0.67%) and -0.02 (-0.08%) [4]. Chemical and Pharmaceutical Sector - Hengrui Medicine had a market capitalization of 251.506 billion with a trading volume of 38.81 billion, closing at 47.71, up by 1.35 (+2.91%) [4]. Logistics Sector - SF Holding had a market capitalization of 241.541 billion with a trading volume of 11.63 billion, closing at 46.04, up by 0.76 (+1.68%) [4]. Non-ferrous Metals - Mindray Medical had a market capitalization of 273.187 billion with a trading volume of 25.08 billion, closing at 225.32, up by 8.14 (+3.75%) [4].