Core Insights - The pharmaceutical industry is increasingly focused on the adoption of Haier's smart building solutions, which address core user pain points and provide comprehensive low-carbon solutions across production and auxiliary scenarios [1][10] Group 1: Precision Environment Control - The stability of the production environment, particularly the precise control of temperature and humidity, is crucial for the quality, purity, and safety of pharmaceuticals [3] - Haier's smart building solutions feature a precision environment control system, including magnetic levitation air conditioning that achieves energy savings of approximately 50% compared to traditional systems [3] Group 2: Air Purity and GMP Standards - Pharmaceutical production facilities have strict requirements for air cleanliness and microbial control, with any deviations potentially leading to product contamination and compliance issues [5] - Haier offers customized air purification solutions, achieving energy savings of 30% for large cleanrooms and 40% for smaller ones, while maintaining precise temperature and humidity control [5] Group 3: Comprehensive Energy Efficiency - In the context of carbon neutrality goals, green and low-carbon production is a key focus for pharmaceutical companies, necessitating a shift from single equipment solutions to comprehensive system approaches [7] - Haier's energy-saving strategies encompass all areas of pharmaceutical facilities, including office buildings and logistics, with a unified "building brain" for centralized energy management [8]

格隆汇10月16日丨海尔智家(06690.HK)宣布，本公司谨订于2025年10月30日（星期四）举行董事会会 议，以考虑及批准（其中包括）本公司及其附属公司截至2025年9月30日止9个月的第三季度业绩及其发 布。 ...

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。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 董事會會議召開日期 承董事會命 海爾智家股份有限公司 董事長 李華剛 中國青島 2025年10月16日 於本公告日期，本公司執行董事為李華剛先生及Kevin Nolan先生；非執行董事為 宮偉先生、俞漢度先生、錢大群先生及李少華先生；獨立非執行董事為王克勤先 生、李世鵬先生、吳琪先生及汪華先生；及職工董事為孫丹鳳女士。 * 僅供識別 海爾智家股份有限公司（「本公司」）董事會（「董事會」）宣佈，本公司謹訂於2025年10 月30日（星期四）舉行董事會會議，以考慮及批准（其中包括）本公司及其附屬公司截 至2025年9月30日止9個月之第三季度業績及其發佈。 ...

Market Overview - The white goods sector experienced a slight decline of 0.02% on October 16, with Aucma leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Individual Stock Performance - Midea Group (000333) closed at 73.18, with a slight increase of 0.36% and a trading volume of 346,800 shares [1] - Gree Electric (000651) closed at 40.77, down 0.12%, with a trading volume of 397,500 shares and a transaction value of 1.619 billion [1] - Haier Smart Home (600690) closed at 25.25, down 0.63%, with a trading volume of 321,500 shares and a transaction value of 813 million [1] - Whirlpool (600983) closed at 10.46, down 0.76%, with a trading volume of 31,200 shares and a transaction value of 33.05 million [1] - TCL Smart Home (002668) closed at 9.61, down 0.93%, with a trading volume of 89,300 shares and a transaction value of 86.25 million [1] - Hisense Home Appliances (000921) closed at 25.80, down 1.04%, with a trading volume of 76,300 shares and a transaction value of 198 million [1] - Changhong Meiling (000521) closed at 7.12, down 1.11%, with a trading volume of 90,300 shares and a transaction value of 64.49 million [1] - Deep Blue Konka A (000016) closed at 5.08, down 1.17%, with a trading volume of 233,200 shares and a transaction value of 119 million [1] - Snowman Electric (001387) closed at 13.36, down 1.26%, with a trading volume of 14,300 shares and a transaction value of 1.919 million [1] - Aucma (600336) closed at 6.92, down 2.12%, with a trading volume of 161,500 shares and a transaction value of 113 million [1] Capital Flow Analysis - The white goods sector saw a net outflow of 706 million from institutional investors, while retail investors contributed a net inflow of 417 million [1] - The following stocks had notable capital flows: - Hisense Home Appliances (000921) had a net inflow of 2.3026 million from institutional investors, but a net outflow of 19.2985 million from speculative funds [2] - Snowman Electric (001387) experienced a net outflow of 373,900 from institutional investors, with a net inflow of 95,500 from speculative funds [2] - Whirlpool (600983) had a net outflow of 1.1962 million from institutional investors, but a net inflow of 1.0942 million from speculative funds [2] - TCL Smart Home (002668) saw a net outflow of 6.4928 million from institutional investors, with a net inflow of 2.6876 million from speculative funds [2] - Aucma (600336) had a net outflow of 7.5552 million from institutional investors, but a net inflow of 2.1876 million from speculative funds [2] - Changhong Meiling (000521) experienced a net outflow of 9.0440 million from institutional investors, with a net inflow of 5.0717 million from speculative funds [2] - Deep Blue Konka A (000016) had a significant net outflow of 15.6153 million from institutional investors, but a net inflow of 6.8073 million from speculative funds [2] - Haier Smart Home (600690) had a net outflow of 1.21 million from institutional investors, with a net inflow of 54.5379 million from speculative funds [2] - Gree Electric (000651) had a net outflow of 1.33 million from institutional investors, but a net inflow of 1.44 million from retail investors [2] - Midea Group (000333) had a net outflow of 1.67 million from institutional investors, with a net inflow of 2.47 million from retail investors [2]

Core Insights - Haier launched its 2026 Water Heater and Water Purification Annual Summit, showcasing three major technological innovations in the water industry and introducing multiple new products, including gas water heaters, electric water heaters, and drinking water machines, aimed at enhancing home water usage scenarios [1] Group 1: Technological Innovations - The introduction of the magnesium-free water heater represents a significant shift from traditional electric water heaters, eliminating issues such as magnesium sediment and reduced thermal efficiency, thus lowering maintenance costs for users [3] - The upgraded crystal tank in the Casarte water heater targets the health needs of mothers and infants, providing a gentle and clean bathing experience with a non-metallic inner tank that achieves 99.5% scale prevention and 99.99% sterilization [5] - The new gas water heater V10 series utilizes aerospace-level centrifugal atomization technology to achieve 100% external discharge of condensate water, exceeding national energy efficiency standards with a thermal efficiency of 107.3% [7] Group 2: Product Offerings - The upgraded Casarte golden mineral water purifier can output water rich in eight minerals and provide instant boiled water, addressing diverse drinking water needs [9] - Haier's comprehensive product matrix aims to reconstruct the home water experience, responding to consumer demands for health, convenience, and diverse water usage through technological innovation and industry standards [9]

10月15日，第138届中国进出口商品交易会(广交会)在广州正式启幕。作为全球领先的家电与智慧家庭 生态品牌，海尔全屋用水现场系统化展出涵盖热水、净水及采暖在内的智慧用水解决方案，为全球用户 带来覆盖多场景用水的一站式升级体验。 热水方案：恒温舒适，满足全家多元需求 有孩家庭担忧沐浴水质，频繁更换镁棒增加维护成本；家中多点用水，水温波动大，热水排队等；遇上 大宅户型，热水更是要费时等待。对此，海尔在热水领域实现全品类覆盖与持续创新。其中，电热水器 采用高品质金刚无缝胆与搪瓷加热管技术，结合BPS杀菌系统，构筑安全、健康的热水使用基础。搭载 的电子阳极技术可实时监测水质与腐蚀因子，实现镁棒终身免更换，有效降低用户维护成本。电即热 4D恒温系统通过动态功率调节，保障洗浴全程温度稳定，兼顾舒适与安全。燃气热水器则配备稳定直 流变频风机与无氧铜换热器，辅以智能分段燃烧技术，提供可定制化的热水输出方案，满足多样化使用 需求。 此次广交会，海尔通过 "以用户需求为原点"构建的全场景用水方案，升级覆盖家庭全场景的智慧用水 体验，重新定义全屋用水体验的行业标准，向全球市场传递未来家居水生活的全新可能。 净水方案：即滤即饮，覆 ...

Core Insights - The 138th China Import and Export Fair showcased Haier's AI-driven washing machine, which became a focal point for attendees and attracted international buyers [1] - The Haier three-tub washing machine has demonstrated strong market performance, with nearly 200,000 units delivered since its launch in April, and close to one million orders received at the IFA exhibition in September [1][2] - The product's design and functionality are centered around user needs, featuring a unique three-tub design that allows for efficient washing of different clothing types simultaneously, saving approximately 50% of washing time [1] Product Innovation - Haier's product innovation is rooted in localized research and development, integrating resources from ten global R&D centers to meet diverse user demands [2] - The three-tub washing machine's development involved collaboration with over 100 external partners to enhance product functionality [2] - Previous models, such as the Haier X11 washing machine, have also achieved significant market success and international recognition, further establishing Haier's presence in high-end markets [2] Global Expansion - The three-tub washing machine is set to enter European and Middle Eastern markets, reinforcing Haier's global strategy [2] - Differentiated innovative products like the three-tub and X11 washing machines are expected to enhance user experience and solidify Haier's leading position in the global market [2]

Core Insights - Haier washing machines hold a market share of 41.1% in the domestic market and have been the global sales leader for 16 consecutive years, according to GfK and Euromonitor International data [1][3]. Group 1: Innovation and Product Development - Haier's innovation journey is driven by user needs, starting with the launch of the world's first mini fully automatic washing machine in 1997, which achieved sales of 110,000 units in just one month [3]. - The introduction of the dual-power washing machine in 2002 addressed long-standing issues with traditional washing machines, contributing to Haier's global sales leadership [3]. - In 2015, Haier launched the world's first dual-drum washing machine, marking a significant technological advancement in the industry [3]. Group 2: Technological Leadership - Haier has established itself as a leader in the IoT era, holding 6,313 global invention patents and participating in the formulation of 99 international standards [5]. - The company operates 10 major R&D centers and over 150 certified laboratories globally, employing more than 2,800 R&D engineers [5]. - Haier's innovative rhythm includes leading, reserving, pre-researching, and exploring future technologies, supported by 24 smart factories worldwide [5]. Group 3: New Product Launches - In July 2023, Haier introduced the world's first four-drum washing machine, designed to meet the diverse needs of modern households [6]. - The "Fusion Washing and Care" product integrates various functionalities, including quiet operation and aesthetic design, positioning itself as a "home AI washing center" [6][8]. Group 4: Key Features of New Products - The new washing machine features "suspension vibration intelligent balance technology" for stable operation, utilizing a unique structure and AI algorithms for real-time adjustments [8]. - It incorporates "AI human sensing" technology, allowing for automatic activation and voice command capabilities, enhancing user interaction [8]. - The design allows for seamless integration into kitchen cabinetry, addressing space constraints and simplifying installation with a streamlined water and power system [8]. Group 5: Future Outlook - Haier aims to continue innovating in the multi-drum washing machine category and has played a key role in establishing international standards for this product type [10]. - The company is committed to deepening user engagement and creating enhanced washing experiences through ongoing technological advancements [10].

Core Viewpoint - Haier's new washing machine, featuring a groundbreaking four-tub design, represents a significant innovation in the industry, moving beyond traditional competition focused on the number of tubs to a new standard of differentiated washing and care [1][3]. Group 1: Product Innovation - The "Fusion Washing and Care Home" integrates a 10KG washing tub, a 10KG drying tub, and two 1KG specialized washing tubs, allowing for simultaneous washing of different types of clothing, thus enhancing user convenience and care standards [3][5]. - The machine's design occupies only 0.36 square meters, demonstrating efficient use of space while providing comprehensive washing and drying capabilities for various fabric types [3]. Group 2: Technology and Performance - Haier employs original suspension vibration balancing technology, ensuring that the four tubs can operate simultaneously with a vibration amplitude controlled within 0.3mm, addressing common concerns about noise and stability [5]. - The washing tub utilizes AI direct drive technology for optimal cleaning performance, while the drying tub can dry 4KG of clothes in just 45 minutes, showcasing advanced efficiency [5]. Group 3: User Experience - The machine features a smart control interface that allows users to set different tasks for each tub simultaneously, enhancing usability and comfort with a 1.4-meter operational height [5][7]. - Haier's commitment to user experience is evident in its design choices, such as a unique drainage system that prevents cross-contamination of water, ensuring a tailored washing experience [7]. Group 4: Market Position and Impact - Haier has established itself as a leader in the multi-tub washing machine market, having pioneered innovations from dual to triple and now quadruple tub designs, consistently responding to evolving consumer needs [6][9]. - The company holds a 41.1% market share in the domestic market and has been the global sales leader for 16 consecutive years, reflecting its strong competitive position and brand recognition [9].

中信建投指出，家电行业正经历从"大规模制造+大规模分销"向"品牌制造+高效零售"的商业模式转 型。伴随市场成熟，竞争环境对企业经营提出更高要求，部分企业通过资本运作优化治理结构，如海尔 智家通过整合实现费用率精简、业务协同及智慧家庭战略加速落地。整合后，企业销售费用率因渠道优 化显著下降，管理费用率通过数字化决策体系稳步降低，同时全球化协同推动海外收入占比提升至50% 以上。行业整体面临原材料价格波动、市场竞争加剧等风险，但头部企业通过治理改善与效率提升，展 现出盈利韧性与估值修复潜力。 每日经济新闻 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 家电ETF（159996）跟踪的是家用电器指数（930697），该指数从沪深市场中选取涉及空调、冰 箱、洗衣机等白色家电及厨房小家电制造与销售业务的上市公司证券作为指数样本，以反映家电行业相 关上市公司证券的整体表现。该指数具有较强的消费 ...