Core Viewpoint - Haier's air conditioning division successfully showcased its innovative products tailored to local needs at the Pakistan dealer summit, emphasizing its commitment to globalization and sustainability [1] Group 1: Globalization Strategy - Haier Air Conditioning has fully implemented its global operational capabilities in Pakistan, launching the T3 air conditioning product matrix designed to maintain strong cooling performance even at extreme temperatures of 70°C, addressing local market demands [2] - The company introduced a five-year "true free" warranty policy in Pakistan, which includes zero labor costs, no hidden fees, and unlimited parts replacement, reflecting its commitment to customer service [2] Group 2: Green Strategy - In response to the high electricity costs in Pakistan, Haier Air Conditioning has developed green energy solutions, including solar-powered air conditioning systems that utilize abundant sunlight to reduce electricity expenses [3] - The company showcased innovations in environmentally friendly refrigerants, such as R32, which enhance energy efficiency while minimizing environmental impact, aligning with its goal of achieving global carbon neutrality by 2050 [3] - Haier Air Conditioning has maintained the number one market share in Pakistan for 18 consecutive years, with a projected revenue growth of 40.3% year-on-year for 2025, achieving 127% of its revenue target [3]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for "Heat Exchanger, Air Conditioning System, and Control Method for Air Conditioning System," with authorization announcement number CN116658988B, applied on March 2023 [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of 9,670.9088914 million RMB and has invested in 14 companies, participated in 4,737 bidding projects, and holds 5000 patents [1] - Qingdao Haier Air Conditioner Co., Ltd., established in 1996, has a registered capital of 93,638.162532 million RMB, invested in 20 companies, participated in 4,894 bidding projects, and holds 5000 patents [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd., established in 2014, has a registered capital of 13,000 million RMB, invested in 9 companies, participated in 7 bidding projects, and holds 5000 patents [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of 943,811.4893 million RMB, invested in 59 companies, participated in 1,898 bidding projects, and holds 5000 patents [2]

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Air Conditioning Outdoor Unit Heat Exchange System and Air Conditioner" to multiple subsidiaries of Haier, with the application date being June 2023 [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd. was established in 1999, has a registered capital of 9,670.9 million RMB, and has participated in 4,737 bidding projects [1] - Qingdao Haier Air Conditioning Co., Ltd. was founded in 1996, has a registered capital of 9,363.8 million RMB, and has engaged in 4,894 bidding projects [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd. was established in 2014, with a registered capital of 130 million RMB, and has participated in 7 bidding projects [2] - Haier Smart Home Co., Ltd. was founded in 1994, has a registered capital of 943,811.5 million RMB, and has engaged in 1,898 bidding projects [2] - All mentioned companies have significant patent portfolios, with each having around 5,000 patent records [1][2]

Group 1 - The Chinese consumer market has shown a steady recovery since 2025, with a year-on-year growth of 6.8% in retail sales of consumer goods in the first three quarters, contributing 53.5% to economic growth [1] - The recovery trend in the consumer sector is not uniform, with traditional brands struggling due to lack of innovation, while new brands are breaking through with technological advancements and innovative models [1] - The need for a quantitative evaluation tool to identify structural opportunities in the market has led to the development of the "China Online Consumption Brand Index (CBI)" and the "Global Brand China Online Top 500 List (CBI500)" by Peking University [2] Group 2 - The CBI500 list is based on real consumer data from Taobao and Tmall, utilizing a comprehensive brand quality indicator that includes new product capability, user reviews, and search popularity [2][5] - The top five brands in the CBI500 list—Apple, Xiaomi, Midea, Huawei, and Haier—demonstrate a "stronger gets stronger" logic, maintaining competitive advantages through balanced performance across various dimensions [6][8] - DJI has achieved significant growth, moving from a score of 78.53 to 85.18, entering the top ten for the first time, driven by continuous technological innovation and market expansion [9][12] Group 3 - Pop Mart has shown strong resilience in the collectible toy sector, climbing from 31st to 12th place in the CBI500 list, with leading scores in loyalty and customer spending [14][17] - The growth logic of Pop Mart is based on deep insights into emotional consumption needs, utilizing an IP matrix and a robust membership system to create a strong emotional connection with consumers [17] - The differentiation in the consumer market has created opportunities for brands that adapt to trends, as seen with Fenjiu's rise in rankings due to its "youthful" strategy targeting younger consumers [22][23] Group 4 - The CBI list serves as a data-driven tool for observing the consumer market, helping investors identify brands that capture product innovation opportunities and possess anti-cyclical potential [27][29] - The evaluation logic of the CBI list helps to avoid misleading short-term sales data, focusing instead on loyalty and reputation metrics to identify brands that achieve sustainable growth [27][29] - The current economic recovery phase presents a critical window for brand restructuring and value selection, emphasizing the importance of understanding consumer behavior changes [26][29]

Core Insights - The article highlights the steady recovery of China's consumer market since 2025, with a year-on-year growth of 6.8% in retail sales of consumer goods in the first three quarters, contributing 53.5% to economic growth [2] - However, the consumer sector faces challenges with increasing internal differentiation, where traditional brands struggle due to lack of innovation while new brands succeed through technological breakthroughs and innovative models [2][3] Group 1: Consumer Brand Landscape - The CBI500 ranking reflects a stable top tier of brands, emphasizing the "stronger get stronger" logic in the consumer market [7] - Leading brands like Apple, Xiaomi, Midea, Huawei, and Haier maintain competitive barriers through balanced performance across four dimensions: brand awareness, innovation, loyalty, and reputation [8][10] - DJI and Pop Mart have shown significant growth, with DJI entering the top ten for the first time, driven by continuous technological innovation and market expansion [11][16] Group 2: Brand Performance and Growth Strategies - DJI's growth is attributed to its focus on technology innovation and creating benchmark products, leading to a 66% market share in the global action camera market as of Q3 2025 [11][14] - Pop Mart's rise in the rankings is due to its strong loyalty metrics and effective IP matrix operation, which resonates with emotional consumer needs [19][20] - The brand's strategy includes a robust membership system that enhances customer loyalty through emotional engagement [19] Group 3: Market Differentiation and Opportunities - The differentiation in the consumer market presents challenges for traditional brands while creating opportunities for those that adapt to trends [21][22] - Brands like Fenjiu have successfully capitalized on changing consumer preferences, with a notable increase in their ranking due to a focus on younger consumers [26] - The article emphasizes the importance of aligning with policy support and consumer trends to identify quality brands that can thrive in a competitive landscape [27][28] Group 4: CBI Index and Its Value - The CBI index serves as a data-driven tool for observing the consumer market, helping investors identify brands that capture product innovation opportunities and possess resilience against economic cycles [30][31] - The index's multidimensional evaluation framework allows for a deeper understanding of consumer demand and brand performance, aiding in long-term investment decisions [32]

Core Viewpoint - Haier Smart Home (06690) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Buyback Details - The company will repurchase 181,000 A-shares at a total cost of 4.6748 million RMB [1] - The buyback price per share ranges from 25.78 to 25.87 RMB [1]

Core Viewpoint - Haier Smart Home (600690)(06690) announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Buyback Details - The company plans to repurchase 181,000 A-shares at a total cost of 4.6748 million RMB [1] - The buyback price per share is set between 25.78 and 25.87 RMB [1]

Group 1 - The company Haier Smart Home (06690.HK) announced a share buyback on January 15, spending 4.675 million yuan to repurchase 181,000 A-shares [1]

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 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 202 ...

Core Viewpoint - The development of smart health and wellness appliances in China is responding to the growing silver economy, with significant innovations aimed at enhancing the quality of life for the elderly population [1][4]. Group 1: Market Potential - China has the largest elderly population globally, with a projected consumption market scale exceeding 100 trillion yuan by 2050 for individuals aged 60 and above [1]. - The "14th Five-Year Plan" emphasizes the development of the silver economy, guiding industry innovation and market growth [1]. Group 2: Product Innovation - Haier launched the Tianyue series, the first comprehensive AI smart health and wellness suite, integrating safety, convenience, and health management into daily life [1][3]. - The suite includes features such as gas stoves that can cut off gas supply in case of dry burning, and smart toilets with emergency call functions, creating a safety net for the elderly [3]. Group 3: User Experience - The Tianyue series aims to bridge the digital divide for the elderly by providing a seamless, intuitive user experience that reduces complexity in operation [3]. - Voice commands replace complicated buttons, and the design is intuitive, eliminating the need for user manuals [3]. Group 4: Health Management - The suite incorporates health monitoring features, such as heart rate tracking and fall risk alerts, into everyday appliances, promoting a proactive approach to health [3]. - Appliances like refrigerators and washing machines are designed to preserve nutrition and ensure hygiene, contributing to a comprehensive health ecosystem [3]. Group 5: Policy Alignment - The development of smart health solutions aligns with national policies aimed at enhancing the quality of life for the elderly, transitioning from mere care to a more enjoyable aging experience [4].