Core Insights - Haier has maintained its position as the world's largest home appliance brand by retail volume for 17 consecutive years, with significant growth in market share from 6.3% to 12.1% since 2009, demonstrating strong resilience and stability [1] - The company's growth is attributed to its smart home strategy, transitioning from merely selling appliances to providing a platform service ecosystem that enhances user experience through software-defined scenarios [1] Group 1: Performance and Strategy - Haier's global market share has seen a consistent increase, achieving five consecutive years of growth [1] - The "126" strategy focuses on user-centric innovation, establishing a smart home channel, two major platforms for customer engagement, and six core capabilities including globalization and digitalization [3][4] Group 2: Globalization and High-End Positioning - Haier's globalization involves enhancing capabilities across sales, marketing, service, logistics, procurement, R&D, and manufacturing, with successful product iterations tailored to local markets [4] - The high-end strategy is exemplified by successful product launches, such as the "Lazy Three-Tub Washing Machine," which achieved over 1 million units sold in three quarters [6] Group 3: Digitalization and Smart Technology - Haier aims for "extreme efficiency" through full-process digital transformation, improving operational efficiency and customer satisfaction with 80% of products delivered directly to users [6] - The company is advancing from product intelligence to scenario intelligence, integrating AI capabilities into home appliances for enhanced user interaction [7] Group 4: Ecosystem and Sustainability - Haier's smart home ecosystem connects over 66 million resources, providing comprehensive services across various life scenarios, including a new "people-car-home" ecosystem [9] - The company is committed to ESG principles, with initiatives aimed at achieving carbon neutrality by 2050 and offering energy-efficient products that exceed current standards [9]

Group 1 - The company Haier Smart Home (600690)(06690) announced a share buyback plan, intending to repurchase 100,000 A-shares at a total cost of RMB 2.6243 million [1] - The buyback price is set between RMB 26.16 and 26.29 per share [1]

智通财经APP讯，海尔智家(06690)发布公告，于2026年1月7日该公司斥资人民币262.43万元回购10万股 A股，回购价格为每股人民币26.16-26.29元。 ...

格隆汇1月7日丨海尔智家(06690.HK)发布公告，2026年1月7日耗资人民币262.4万元回购10万股A股，回 购价格每股26.16-26.29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) 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： 2026年1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 | | 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 ...

清晨阳光斜照进飘窗，床边衣物堆成小山的日子终于可以画上句号。对许多租房族而言，生活品质的提 升往往始于一台靠谱的洗衣机——不仅是清洗衣物的工具，更是节省时间、守护健康的隐形帮手。在有 限的预算中精挑细选，2000至2500元价位段正涌现出一批兼具性能、颜值与智能体验的优质机型，专为 都市年轻租客量身打造。 LG WD-N12430D 到手价2499元，是追求稳定品质与精致细节用户的理想之选。这款6公斤容量的前开 式滚筒洗衣机，搭载DD变频直驱电机，运行更平稳、噪音更低，特别适合夜间洗衣不扰邻。洗净比高 达1.03，配合1200转/分钟高速脱水，衣物干爽迅速。支持冷水至95℃宽幅水温调节，深层去污同时有效 杀菌。LED屏显清晰直观，童锁和智能断电记忆功能贴心实用，尤其适合合租或临时搬家场景。珍珠内 筒搭配仿生鱼尾提升器，减少衣物缠绕损伤，呵护日常穿搭。一级能效设计兼顾节能省电，对于电费敏 感的租房用户尤为友好。 清晨阳光斜照进飘窗，床边衣物堆成小山的日子终于可以画上句号。对许多租房族而言，生活品质的提 升往往始于一台靠谱的洗衣机——不仅是清洗衣物的工具，更是节省时间、守护健康的隐形帮手。在有 限的预算中精挑细选 ...

Core Viewpoint - The home appliance industry is facing challenges in traditional retail efficiency and customer experience, prompting Haier Smart Home to transform its stores into digital outlets to enhance service and operational efficiency [1][2]. Group 1: Challenges in Traditional Retail - Traditional retail stores have long struggled with low operational efficiency, high customer acquisition costs, and fragmented customer experience [2]. - Haier Smart Home is addressing these challenges by building intelligent retail stores based on digital AI capabilities, aiming for integrated, intelligent, and platform-based operations [2]. Group 2: Digital Store Transformation - The transformation involves integrating the entire process from product selection, design, transaction, delivery, to settlement on a single platform, significantly improving store operational efficiency [2]. - Digital stores have already covered nearly a thousand brand stores, leading to tangible benefits, including a 27.2% increase in overall customer satisfaction [2]. Group 3: Performance Metrics - The integrated operation of digital stores allows for the consolidation of online and offline traffic, enhancing user conversion and repurchase rates [2]. - From January to June 2025, digital stores generated 526,400 business opportunities, resulting in a retail conversion of 1.49 billion yuan [2]. Group 4: Future Implications - The shift towards digital stores may signify a new beginning for the home appliance retail industry in the AI era, focusing on the essence of service in retail [3].

Core Viewpoint - Haier Smart Home's stock experienced a slight decline of 0.38% on January 7, with a trading volume of 1.097 billion yuan and a market capitalization of 246.632 billion yuan [1] Group 1: Company Overview - Haier Group, founded in 1984, has expanded from producing refrigerators to a wide range of sectors including home appliances, IT, logistics, finance, real estate, and biopharmaceuticals, becoming a global leader in providing solutions for a better life [2] - The company holds a 10.2% share of the global retail volume in 2014, maintaining its position as the world's largest home appliance brand for six consecutive years [2] - Haier Smart Home's main business includes the research, production, and sales of home appliances such as refrigerators, kitchen appliances, air conditioners, washing machines, and water appliances, along with providing comprehensive smart home solutions [4][8] Group 2: Financial Performance - For the period from January to September 2025, Haier Smart Home achieved a revenue of 234.054 billion yuan, representing a year-on-year growth of 15.31%, and a net profit attributable to shareholders of 17.373 billion yuan, up 14.64% year-on-year [8] - The company has distributed a total of 48.662 billion yuan in dividends since its A-share listing, with 24.273 billion yuan distributed over the past three years [9] Group 3: Shareholder Structure - Among the top ten circulating shareholders, Central Huijin Asset Management and China Securities Finance Corporation are included [3] - As of September 30, 2025, the number of shareholders for Haier Smart Home was 190,600, a decrease of 8.15% from the previous period [8]

Core Viewpoint - The development of the A-share market in Shandong has significantly contributed to the high-quality economic growth of the region, with a notable increase in both the number and market capitalization of listed companies over the past 32 years [1][7]. Group 1: Historical Development - The first A-share company in Shandong, Qingdao Beer, was listed in 1993, marking the beginning of a rapid expansion in the region's capital market [5]. - By the end of 1993, the market capitalization of Shandong listed companies was 9.6 billion yuan, which has grown to 4.79 trillion yuan by December 2025 [5][1]. - The number of A-share companies in Shandong reached 310 by 2023, with a market capitalization of 3.46 trillion yuan, reflecting a significant increase in both quantity and quality [7]. Group 2: Economic Contributions - In the first three quarters of 2025, Shandong A-share companies collectively achieved revenue of 2.30 trillion yuan, contributing to regional economic development [1][11]. - The total market capitalization of Shandong state-owned A-share companies reached 1.85 trillion yuan, accounting for nearly 40% of the overall market capitalization of the Shandong sector [10]. Group 3: Performance Metrics - In 2025, Shandong A-share companies reported a net profit of 737 billion yuan, representing 46% of the total net profit of the Shandong sector [10]. - Among the 310 listed companies, 251 were profitable, with 63 companies achieving profit growth year-on-year [11][10]. Group 4: Innovation and R&D - Shandong listed companies have increased their R&D investments, with 173 companies reporting a year-on-year increase in R&D expenses in 2025 [12]. - Notable companies such as Haier Smart Home and Weichai Power have significantly increased their R&D expenditures, with Haier reaching 10.74 billion yuan [13][14]. Group 5: Future Outlook - The continuous growth and innovation of Shandong listed companies are expected to drive further economic development and industrial upgrades in the region [15].

Group 1 - The core viewpoint is that leading white goods companies are at a convergence point of strong fundamentals, positive capital feedback, and historically low valuations, making them highly strategic for investment [1] - The report suggests focusing on Midea Group (000333.SZ), Haier Smart Home (600690.SH), and Gree Electric Appliances (000651.SZ) as key investment opportunities [1] Group 2 - Changes in capital structure are shifting pricing power towards insurance capital and passive funds, indicating that leading white goods companies are on the verge of valuation reconstruction, with a potential annualized value uplift of 10% [2] - The report estimates that in pessimistic, neutral, and optimistic scenarios, public and insurance funds could bring net inflows of 110 billion, 154.4 billion, and 222.8 billion yuan to the home appliance sector over the next three years [2] Group 3 - The combination of public fund recovery and expansion of passive investments is a significant marginal variable, with public funds benefiting from both passive growth and active recovery, potentially adding 213 billion yuan to the home appliance sector [3] - The report highlights that insurance capital's allocation to FVOCI stocks is expected to increase from 27% in H1 2024 to 40%, injecting 99.9 billion yuan into the home appliance sector over the next three years under neutral assumptions [3] Group 4 - Leading white goods companies exhibit significant safety margins, with projected returns for Gree Electric, Midea Group, and Haier Smart Home reaching 7.2%, 7.1%, and 4.5% respectively by 2025, indicating strong investment potential [4] - The analysis shows that even without considering performance growth and valuation expansion, leading white goods companies can still provide annualized returns of 4%-8%, offering a clear safety cushion compared to ten-year government bonds [4]