Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for a refrigerator and its hinge component, with the authorization announcement number CN116146062B, applied on January 2023 [1] - Hefei Haier Refrigerator Co., Ltd., established in 2007, is primarily engaged in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 49 million RMB [1] - Qingdao Haier Refrigerator Co., Ltd., founded in 1994, focuses on the manufacturing of electrical machinery and equipment, with a registered capital of approximately 2.12 billion RMB [1] Group 2 - Haier Smart Home Co., Ltd. has invested in 59 companies and participated in 1,894 bidding projects, holding 289 trademark records and 5,000 patent records, along with 10 administrative licenses [2] - Hefei Haier Refrigerator Co., Ltd. has made investments in 2 companies, participated in 729 bidding projects, and holds 236 patent records and 13 administrative licenses [1] - Qingdao Haier Refrigerator Co., Ltd. has invested in 2 companies, participated in 631 bidding projects, and holds 161 trademark records and 5,000 patent records, along with 10 administrative licenses [1]

Core Viewpoint - Ningbo Aux Electric Co., Ltd. and Aux Air Conditioning Co., Ltd. have obtained a patent for an air conditioner and its air guiding device, with the patent announcement number CN119573121B, applied for on August 2023 [1] Company Overview - Ningbo Aux Electric Co., Ltd. was established in 2003 and is located in Ningbo City, primarily engaged in general equipment manufacturing. The company has a registered capital of 1.35 billion RMB [1] - Aux Air Conditioning Co., Ltd. was founded in 2016 and is also based in Ningbo City, focusing on other manufacturing sectors. The company has a registered capital of approximately 2.43 billion RMB [1] Investment and Business Activities - Ningbo Aux Electric Co., Ltd. has invested in 18 companies and participated in 217 bidding projects. The company holds 427 trademark records and 5,000 patent records, along with 16 administrative licenses [1] - Aux Air Conditioning Co., Ltd. has invested in 4 companies and engaged in 798 bidding projects. The company possesses 13 trademark records and 5,000 patent records, in addition to 9 administrative licenses [1]

Group 1 - The article discusses the growing demand for dedicated spaces for mothers and infants, highlighting a trend in the market [1] - It emphasizes the importance of creating environments that cater specifically to the needs of mothers and their children, which can enhance customer experience and satisfaction [1] - The article suggests that businesses focusing on this niche market may find significant investment opportunities as consumer preferences shift towards more specialized services [1]

Core Insights - The collaboration between Haier Smart Home and Xiaomu Sanitary Ware aims to create a smart and comfortable bathroom experience, addressing the growing demand for intelligent and scenario-based home solutions [1][2] - Haier Smart Home emphasizes its commitment to building comprehensive smart home solutions, leveraging its strong interconnectivity capabilities through an open AIoT platform [1] - The partnership will extend the functionality of bathroom spaces from mere cleaning to health management, making it a crucial part of smart homes [1] Group 1 - The collaboration is a deep exploration of future smart home trends, focusing on user needs for intelligent and scenario-based experiences [1] - Haier Smart Home will integrate Xiaomu's smart products, such as AI intelligent toilets and smart showers, into its ecosystem for data sharing and scenario linkage [1] - The smart bathroom will provide users with proactive services, such as voice interaction and automatic adjustments of temperature and humidity based on user habits [1] Group 2 - Haier Smart Home has adopted a more open approach by collaborating with various partners to expand its ecosystem, including partnerships with DeepSeek, Changan Automobile, Baidu, and Chery [2] - The focus on open collaboration and shared capabilities is essential for creating a truly user-centered smart living experience [2] - The ongoing collaboration is expected to lead to smarter bathroom scenarios that will gradually enter households, showcasing the technological advancements of both leading brands [2]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：情报员 国家知识产权局信息显示，宁波奥克斯电气有限公司、奥克斯空调股份有限公司取得一项名为"一种扫 风结构、空调器"的专利，授权公告号CN119713554B，申请日期为2023年9月。 天眼查资料显示，宁波奥克斯电气有限公司，成立于2003年，位于宁波市，是一家以从事通用设备制造 业为主的企业。企业注册资本135000万人民币。通过天眼查大数据分析，宁波奥克斯电气有限公司共对 外投资了18家企业，参与招投标项目217次，财产线索方面有商标信息427条，专利信息5000条，此外企 业还拥有行政许可16个。 奥克斯空调股份有限公司，成立于2016年，位于宁波市，是一家以从事其他制造业为主的企业。企业注 册资本243462.7564万人民币。通过天眼查大数据分析，奥克斯空调股份有限公司共对外投资了4家企 业，参与招投标项目798次，财产线索方面有商标信息13条，专利信息5000条，此外企业还拥有行政许 可9个。 ...

国家知识产权局信息显示，青岛海尔空调器有限总公司、青岛海尔空调电子有限公司、青岛海尔智能技 术研发有限公司、海尔智家股份有限公司取得一项名为"用于换热系统的控制方法和装置、换热系统"的 专利，授权公告号CN119334018B，申请日期为2023年7月。 青岛海尔智能技术研发有限公司，成立于2014年，位于青岛市，是一家以从事研究和试验发展为主的企 业。企业注册资本13000万人民币。通过天眼查大数据分析，青岛海尔智能技术研发有限公司共对外投 资了9家企业，参与招投标项目7次，财产线索方面有商标信息22条，专利信息5000条，此外企业还拥有 行政许可4个。 海尔智家股份有限公司，成立于1994年，位于青岛市，是一家以从事电气机械和器材制造业为主的企 业。企业注册资本943811.4893万人民币。通过天眼查大数据分析，海尔智家股份有限公司共对外投资 了59家企业，参与招投标项目1894次，财产线索方面有商标信息289条，专利信息5000条，此外企业还 拥有行政许可10个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 天眼查资料显示，青岛海尔空调器 ...

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Air Conditioning Control Method, Electronic Device, Storage Medium, and Air Conditioner" to Qingdao Haier Air Conditioning Co., Ltd., Qingdao Haier Air Conditioning Electronics Co., Ltd., and Haier Smart Home Co., Ltd. The patent authorization announcement number is CN119508974B, with an application date of September 2024 [1] - Qingdao Haier Air Conditioning Co., Ltd. was established in 1996 and is primarily engaged in the manufacturing of electrical machinery and equipment. The company has a registered capital of 9,363.8162532 million RMB and has invested in 20 enterprises, participated in 4,888 bidding projects, and holds 259 trademark records and 5,000 patent records [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd. was founded in 1999 and focuses on the manufacturing of specialized equipment. The company has a registered capital of 9,670.9088914 million RMB, has invested in 14 enterprises, participated in 4,723 bidding projects, and holds 124 trademark records and 5,000 patent records [1] Group 2 - Haier Smart Home Co., Ltd. was established in 1994 and is also engaged in the manufacturing of electrical machinery and equipment. The company has a registered capital of 94,381.14893 million RMB, has invested in 59 enterprises, participated in 1,894 bidding projects, and holds 289 trademark records and 5,000 patent records [2]

Group 1 - Qingdao Haier Air Conditioning Co., Ltd., Qingdao Haier Air Conditioning Electronics Co., Ltd., Qingdao Haier Intelligent Technology Research and Development Co., Ltd., and Haier Smart Home Co., Ltd. have obtained a patent titled "Elevator System, Elevator System Control Method and Device," with authorization announcement number CN116608562B, applied on April 2023 [1] - Qingdao Haier Air Conditioning Co., Ltd. was established in 1996, located in Qingdao, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 9,363.8162532 million RMB. The company has invested in 20 enterprises, participated in 4,886 bidding projects, has 259 trademark records, 5,000 patent records, and holds 19 administrative licenses [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd. was established in 1999, also located in Qingdao, focusing on the manufacturing of specialized equipment, with a registered capital of 9,670.9088914 million RMB. The company has invested in 14 enterprises, participated in 4,721 bidding projects, has 124 trademark records, 5,000 patent records, and holds 29 administrative licenses [2] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd. was established in 2014, located in Qingdao, primarily engaged in research and experimental development, with a registered capital of 1,300 million RMB. The company has invested in 9 enterprises, participated in 7 bidding projects, has 22 trademark records, 5,000 patent records, and holds 4 administrative licenses [2] - Haier Smart Home Co., Ltd. was established in 1994, located in Qingdao, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 943,811.4893 million RMB. The company has invested in 59 enterprises, participated in 1,894 bidding projects, has 289 trademark records, 5,000 patent records, and holds 10 administrative licenses [2]

国家知识产权局信息显示，合肥海尔电冰箱有限公司、青岛海尔电冰箱有限公司、海尔智家股份有限公 司取得一项名为"冰箱"的专利，授权公告号CN116182494B，申请日期为2023年1月。 青岛海尔电冰箱有限公司，成立于1994年，位于青岛市，是一家以从事电气机械和器材制造业为主的企 业。企业注册资本21171.126379万人民币。通过天眼查大数据分析，青岛海尔电冰箱有限公司共对外投 资了2家企业，参与招投标项目631次，财产线索方面有商标信息161条，专利信息5000条，此外企业还 拥有行政许可10个。 来源：市场资讯 天眼查资料显示，合肥海尔电冰箱有限公司，成立于2007年，位于合肥市，是一家以从事计算机、通信 和其他电子设备制造业为主的企业。企业注册资本4900万人民币。通过天眼查大数据分析，合肥海尔电 冰箱有限公司共对外投资了2家企业，参与招投标项目729次，专利信息236条，此外企业还拥有行政许 可13个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 海尔智家股份有限公司，成立于1994年，位于青岛市，是一家以从事电气机械和器材制造业为主的企 业。企业注 ...

Summary of Haier Smart Home Conference Call Company Overview - **Company**: Haier Smart Home - **Industry**: Home Appliances Key Points Business Growth and Strategy - Haier Smart Home is laying the foundation for business growth by implementing digital reforms and adjusting overseas strategies for 2026 [2] - The air conditioning industry has seen effective changes in products, channels, and cost management, while the HVAC sector is accelerating its integration [2][3] - Despite uncertainties in demand and costs, the company remains confident about future performance [2] Competitive Positioning - To enhance efficiency and user experience amidst fierce market competition, Haier is adopting measures such as digital inventory transformation and order forecasting systems [2][3] - The Leader brand air conditioners and refrigerators have shown significant growth, indicating the company's proactive stance in competition [2][6] Product and Supply Chain Management - The company aims to increase the self-manufacturing ratio of air conditioners, with compressor production capacity reaching 6 million units, to mitigate raw material cost fluctuations [2][7] - The internal target for air conditioning business is to maintain double-digit growth by 2027 through disruptive products and direct-to-consumer models [2][10] Profitability and Financial Goals - Domestic household air conditioning profit margins are approximately 3-4%, while overall air conditioning business margins are around 5.2%, with a future target of over 7% [2][11] - The net profit growth target for 2026 is expected to outpace revenue growth, with emerging market profit margins not lower than those in Europe and the U.S. [22] Market Dynamics and Forecasts - The home appliance market remains highly competitive, with brands like Xiaomi showing growth, while Haier's Leader brand air conditioners grew over 50% and refrigerators over 90% in Q3 [6] - The company anticipates a stable demand outlook for the U.S. home appliance market in 2026, with a trend of low initial demand followed by recovery [24] Emerging Markets Performance - Haier's products, including refrigerators, washing machines, and air conditioners, are performing strongly in emerging markets, particularly in Southeast Asia, South Asia, and the Middle East [20][21] - The company is focusing on enhancing its business scale in the Middle East and Africa, where it currently has a weaker presence [20] Capital Expenditure and Future Plans - The capital expenditure plan for 2027 includes an increase of 1 billion RMB to enhance supply chain resilience and diversification, focusing on overseas factory construction and potential acquisitions [27] - The company plans to increase its dividend payout ratio to at least 50% in 2026 [26] Conclusion - Haier Smart Home is optimistic about future growth, driven by internal reforms and strategic adjustments in response to market challenges faced from 2022 to 2024 [28] - The company is committed to improving operational efficiency and maintaining a competitive edge in the home appliance industry [28]