海尔智家（600690）(06690)发布公告，于2025年12月4日该公司斥资1088.32万港元回购40万股，回购价 格为每股27.08-27.3港元。 ...

FF305 FF305 第 2 頁 共 7 頁 v 1.3.0 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： 2025年12月4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 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 06690 | 說明 | 普通股- H股面值每股人民幣1元 (於香港聯交所上市) | | | | | | 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 ...

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 证券代码：600690 证券简称：海尔智家 公告编号：临2025-071 海尔智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 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。 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。 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12月4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 海尔智家股份有限公司（以下简称"公司"或"海尔智 ...

证券代码：600690 证券简称：海尔智家 公告编号：临2025-071 海尔智家股份有限公司 关于部分回购股份注销完成暨股份变动的公告 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。 特别提示： 一、回购股份的基本情况 海尔智家股份有限公司（简称"公司"）于2022年3月30日召开第十届董事 会第二十七次会议，审议通过了《海尔智家股份有限公司关于回购部分A股社 会公众股份方案的议案》（简称"2022年度回购计划"），同意公司使用自有 资金以集中竞价交易方式回购部分A股社会公众股股份，用于实施公司员工持 股计划或股权激励。公司于2022年4月13日披露了《海尔智家股份有限公司关于 回购部分A股社会公众股份方案报告书》。 自2022年4月13日首次回购股份至2023年1月31日，公司通过2022年度回购 计划专用证券账户在二级市场以集中竞价交易方式累计回购股票59,768,139股， 约占当时公司总股本的0.63%，支付总金额为人民币1,510,100,758.93元（不含交 易费用）。 前述回购股份中的58,295,455股已 ...

Core Viewpoint - The Shanghai Composite Index experienced a slight decline of 0.06% on December 4, with nine out of the sectors rising, particularly the machinery and electronics sectors, which increased by 0.90% and 0.78% respectively. The household appliance sector saw a modest rise of 0.21% [1]. Industry Summary - The household appliance industry recorded a 0.21% increase with a net inflow of 2.44 billion yuan in capital. Out of 94 stocks in this sector, 24 rose while 67 fell. Notably, 38 stocks experienced net capital inflows, with ten stocks seeing inflows exceeding 10 million yuan. The top inflow was from Sanhua Intelligent Control, which attracted 2.65 billion yuan [2][3]. - The leading stocks in the household appliance sector included Sanhua Intelligent Control (up 7.51%), Tianyin Electromechanical (up 2.97%), and Xiaosong Co. (up 7.91%). Conversely, major outflows were seen in Midea Group, Haier Smart Home, and Gree Electric, with outflows of 1.42 billion yuan, 742.95 million yuan, and 639.29 million yuan respectively [2][3][4]. Capital Flow Analysis - The machinery equipment sector led the net capital inflow with 2.91 billion yuan, while the household appliance sector followed with 2.44 billion yuan. In contrast, the power equipment sector faced the highest net outflow of 4.11 billion yuan, followed by the electronics sector with an outflow of 3.87 billion yuan [1][2].

Core Insights - The home appliance industry is undergoing a transformation from hardware competition to a focus on "smart ecosystems" and "green low-carbon technology" as new competitive barriers are established [1] Group 1: Industry Trends - Leading brands are shifting from single product functionality to building comprehensive smart ecosystems and emphasizing green technology [1] - The industry is moving towards a competitive phase characterized by "ecosystem collaboration + green technology + global layout" [6] - Companies are leveraging smart ecosystems to break category boundaries and are focusing on sustainable growth through low-carbon technologies and global expansion [6] Group 2: Key Players - Midea is focusing on ecosystem collaboration, with its Midea Home app connecting over 118.6 million devices as of June this year [6] - Daikin is recognized as a foreign brand leader, emphasizing low-carbon technology and global expansion, having received CDP climate change A-level certification [6] - Stone Technology, Hualing, and Haier ranked as the top three brands in the latest consumer index with comprehensive heat index scores of 1.76, 1.49, and 1.39 respectively [5] Group 3: Product Innovations - The washing and display sectors are experiencing deep integration of technological iteration and demand upgrades, with a shift towards multi-tub washing machines and Mini LED technology [7] - Haier launched a four-tub washing machine that integrates AI features for enhanced user experience, while brands like Little Swan and Xiaomi are also entering the multi-tub market [7] - TCL reported a 176.1% year-on-year increase in Mini LED TV shipments, showcasing significant advancements in display technology [7]

Core Insights - Haier's L+ washing machine has achieved significant sales success in Thailand, becoming the only Chinese brand to rank among the top three in the ultra-high-end segment and the fastest-growing brand in the high-end market, breaking the long-standing dominance of Korean brands in this sector [1][2] Group 1 - The L+ washing machine was launched in Thailand in July, priced at over 60,000 Thai Baht [1][2] - Market research conducted in September included visits to local stores to understand market conditions [1][2] - The company emphasizes the ongoing journey of global high-end brand creation, indicating that there is still a long way to go [1][2]

Core Insights - The report highlights that the home appliance industry is expected to face a slowdown in growth due to high base effects from national subsidies in 2026, but leading companies are projected to maintain stable performance [2] - The small appliance sector is anticipated to see continued improvement in average prices due to ongoing policy support, with significant growth potential in the robotic vacuum cleaner market [2] - The black appliance segment is expected to benefit from product upgrades leading to higher average prices and improved profitability, with overseas market share likely to continue increasing [2] - The two-wheeler market is projected to grow in 2026 with the full implementation of new regulations, as smaller manufacturers exit the market, allowing leading companies to gain market share, particularly in overseas markets [2] 2025 Annual Summary - The home appliance sector underperformed overall, with an 8.1% increase from January 1 to November 28, 2025, ranking 27th among all industries and lagging behind the CSI 300 index by 10.4 percentage points [17] - The appliance components sector outperformed with a 64.7% increase, while white goods and kitchen appliances saw declines of 1.1% and 0.7%, respectively [17] - Domestic retail sales of home appliances showed a cumulative year-on-year increase of 20.1% from January to October 2025, but growth slowed in September and October due to high base effects [35] 2026 Outlook - Domestic sales are expected to slow down due to high base effects from the previous year's subsidy policies, but leading companies are likely to outperform the industry due to their channel and brand advantages [53] - Export performance is anticipated to remain stable despite short-term concerns over tariffs, as many companies have adapted their overseas production strategies since 2018-2019 [56] - The report emphasizes the importance of monitoring policy changes that could impact both domestic and international sales in 2026 [56] Investment Recommendations - The report recommends investing in leading companies in the white goods sector such as Midea Group and Haier Smart Home, which are expected to deliver stable returns and high dividends [7] - For the black appliance segment, companies like Hisense and TCL are highlighted as beneficiaries of global market share growth and product upgrades [7] - The report also suggests considering companies like Ninebot and Roborock, which are positioned for share gains and category expansion [7]

12月1日，海尔智家公布了A股股份回购的最新进展。截至2025年11月底，公司已累计回购股份 4090.25万股，总共花费约10.28亿元。这些回购的股份将用于员工持股计划或股权激励。 | 回购方案首次披露日 | 2025/3/28,由董事会提议 | | --- | --- | | 回购方案实施期限 | 2025年3月28日~2026年3月27日 | | 预计回购金额 | 100.000万元~200.000万元 | | 回购用途 | 曰减少注册资本 v用于员工持股计划或股权激励 | | | o用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 40.902.500股 | | 累计已回购股数占总股本比例 | 0.436% | | 累计已回购金额 | 1.028.188.547.24元 | | 实际回购价格区间 | 23.60元/股~27.53元/股 | 对于此次回购进展，市场分析认为， 这一方面显示出海尔智家对自身价值的认同和对未来发展的信 心，有利于稳定市场预期；另一方面，通过将回购股份用于员工激励，也能更好地调动员工的积极性 与创造力，为公司持续发展增添动力。 广告 ...

Core Insights - Haier Smart Home has achieved double-digit growth in net profit attributable to shareholders for five consecutive years, outperforming 98% of listed companies in A-shares, making it the only company in the home appliance industry to reach this milestone [1][2] Group 1: Market Transformation - The company is implementing a comprehensive transformation centered on user needs, including changes in market, service, and management systems [1] - Through deepening digital inventory transformation, Haier has achieved a fully unified warehouse system, with 74% of products in county specialty stores delivered directly to users in the first three quarters [1] - This direct delivery model reduces financial and storage pressures for the company while enhancing turnover efficiency and lowering operational costs [1] Group 2: Service Transformation - Haier has established a user lifecycle closed-loop platform to retain users, allowing for real-time responses to user needs and enabling precise services [1][2] Group 3: Management Transformation - The management platform created in response to user demands has resulted in higher management efficiency [1] Group 4: User Engagement - Haier aims to establish a permanent connection with users through its smart home initiatives, with over 13 million active users on the domestic San Yi Niao platform, over 6 million users on the US Smart HQ platform, and over 10 million registered users on the European hOn platform [2] - The company's user-centric approach demonstrates that businesses focused on user needs can find stable growth paths even in uncertain times [2]