2025.07. 02 产业在线分析师龙飞向第一财经记者透露，在欧洲市场，不同区域对空调的需求不同。从出口数据 看，南欧、东南欧市场一直不错，主要是由于当地气候炎热，对分体式空调的需求较高。欧洲近两年 加速推进环保制冷剂的切换，原有的部分空调需要淘汰，并且由于经济下行，对高性价比产品需求较 大。这些都是中国企业的机会。 据产业在线数据，2025年1-5月，中国家用空调累计出口4925万台，同比增长11.3%。龙飞认 为，龙头企业并购欧洲暖通空调公司主要是便于参与当地竞争，尤其是切入商用空调领域。 中国机电进出口商会家电分会秘书长周南告诉第一财经记者，受欧洲气候变暖影响，今年1-5月，中 国空调对欧洲市场出口额约14亿美元，同比增长约20%。空调业向低碳方向发展，中国占全球空调 产能近八成，能够提供低碳高效的空调。未来，中国空调出口潜力仍然很大。 本文字数：845，阅读时长大约2分钟 作者 | 第一财 经 王珍 封图 | 任玉明 步入7月，欧洲的高温天气仍在持续。第一财经记者从多家空调企业处获悉，欧洲炎热的天气让空调 旺销。 格力电器（000651.SZ）总裁助理白荣耀7月2日向记者表示，受极端天气影响，欧洲近 ...

Core Viewpoint - The CS Internet of Things Index (CS IoT, 930712) experienced a decline of 1.66%, closing at 2889.9 points, with a trading volume of 43.852 billion yuan, indicating a volatile market environment for IoT-related stocks [1] Group 1: Index Performance - The CS IoT Index has increased by 5.70% over the past month, decreased by 1.97% over the last three months, and has seen a slight increase of 0.23% year-to-date [1] - The index was established on June 29, 2012, with a base point of 1000.0 [1] Group 2: Index Composition - The top ten weighted stocks in the CS IoT Index are: Luxshare Precision (8.64%), Zhongji Xuchuang (6.2%), Huichuan Technology (6.1%), OmniVision Technologies (5.33%), ZTE Corporation (5.18%), Midea Group (4.98%), Haier Smart Home (4.82%), Hikvision (4.78%), iFlytek (4.77%), and Zhaoyi Innovation (4.03%) [1] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (69.63%) and the Shanghai Stock Exchange (30.37%) [1] Group 3: Sector Allocation - The sector allocation of the CS IoT Index includes: Information Technology (63.41%), Communication Services (17.77%), Consumer Discretionary (9.80%), and Industrials (9.02%) [1] Group 4: Index Adjustment and Tracking Funds - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the CS IoT Index include: E Fund CS IoT Theme Connection A, E Fund CS IoT Theme Connection C, Huaxia CS IoT Theme Connection A, Huaxia CS IoT Theme Connection C, and several ETFs [2]

Core Viewpoint - The Guozheng Hong Kong Stock Connect Consumer Index has updated its constituent stocks, highlighting leading companies in various consumer sectors, including Pop Mart, Anta Sports, and Haier Smart Home, which is the only home appliance company in the top ten [1][2]. Group 1: Company Performance - Haier Smart Home's overseas revenue surged from 18.65 billion in 2015 to 143.8 billion in 2024, marking an almost eightfold increase, with overseas revenue now accounting for over 50% of total revenue [3]. - In 2024, Haier's revenue from North America was 79.53 billion, remaining stable year-on-year, while revenue from Europe reached 32.09 billion, reflecting a 12.4% increase [5]. - The company adopted a "difficult first, easy later" strategy, entering developed markets first before expanding into developing countries, achieving significant growth in South Asia (21.1%), Southeast Asia (14.75%), and the Middle East and Africa (38.3%) [6]. Group 2: Innovation and Market Strategy - Haier Smart Home focuses on product innovation tailored to new consumer demands, particularly targeting Generation Z, exemplified by the launch of the "lazy washing machine" and the "Milan refrigerator," which have gained significant market traction [8][9]. - The company leverages AI and cutting-edge technologies to develop new products that meet user needs, such as the X11 washing machine, which exceeds European energy efficiency standards by 60% and captures 10% of the mid-to-high-end market in Europe [9]. - Haier's innovative products have led to strong market performance, achieving the highest online market share in categories like refrigerators and washing machines during major sales events [8][10].

智通财经7月2日电，香港交易所信息显示，贝莱德在海尔智家的持股比例于06月26日从6.99%升至 7.18%。 ...

股票简称：海尔智家 股票代码：600690 公告编号：临2025-047 海尔智家股份有限公司 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。 公司将按照相关法律法规的规定及时履行后续的信息披露义务。敬请广大投资 者注意投资风险。 特此公告。 海尔智家股份有限公司（以下简称"公司"）于 2025 年 5 月 28 日召开公司 2024 年年度股东大会，审议通过了《海尔智家股份有限公司 2025 年度 A 股核心员工持 股计划（草案）及摘要》（以下简称"2025 年度 A 股核心员工持股计划"）、《海尔 智家股份有限公司 2025 年度 H 股核心员工持股计划（草案）及摘要》（以下简称 "2025 年度 H 股核心员工持股计划"）等相关议案，同意实施公司 2025 年度 A 股 核心员工持股计划和 2025 年度 H 股核心员工持股计划，具体内容详见公司分别于 2025 年 4 月 30 日、2025 年 5 月 29 日在上海证券交易所网站（www.sse.com.cn） 披露的员工持股计划方案及股东会决议公告等相关内容。 根 ...

金十图示：2025年07月02日（周三）富时中国A50指数成分股今日收盘行情一览：家电、白酒、有色金属等板块收高，证券、消 费电子、物流等板块收低 富时中国A50指数连续 0.00(0.00%) -0.09(-1.05%) +0.02(+0.48%) 保险 中国太保 12.00 中国人保 中国平安 电机 3843.06亿市值 3571.07亿市值 10163.13亿市值 5.73亿成交额 22.04亿成交额 4.55亿成交额 55.81 37.12 8.69 -0.29(-0.78%) +0.11(+0.20%) -0.02(-0.23%) 酸酒行业 贵州茅台 五粮液 山内对酒 17707.36亿市值 2142.50亿市值 4626.10亿市值 36.89亿成交额 11.55亿成交额 18.41亿成交额 119.18 175.62 1409.60 +4.50(+0.32%) +1.20(+0.69%) +0.55(+0.46%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2280.43亿市值 2336.50亿市值 3150.87亿市值 13.00亿成交额 35.10亿成交额 13.95亿成交额 13 ...

Group 1 - The core viewpoint of the article highlights the emergence of 10 unicorn companies from Shandong province, with a focus on new industries such as semiconductors, software services, industrial internet, and renewable energy [3][4] - Qingdao has the highest number of unicorns in Shandong, with 6 companies listed, including GoerTek Microelectronics, which has a valuation of 20.5 billion yuan, ranking 395th globally [4] - Other notable companies from Qingdao include Nengchain Group with a valuation of 18.5 billion yuan, and Kaos, Teld, and others, showcasing a diverse range of sectors [4] Group 2 - The Hurun Research Institute identified a total of 1,523 unicorn companies globally, an increase of 70 companies (approximately 5%) from the previous year, with China ranking second with 343 companies [5] - The report indicates that 77% of unicorns are focused on software and services, particularly in fintech, software services, and AI, while 23% are in physical products, mainly in semiconductors, renewable energy, and health technology [5] - SpaceX is noted as the highest-valued unicorn globally, with a valuation increase of 1.2 trillion yuan, reaching 2.6 trillion yuan, while OpenAI has the fastest growth rate for the second consecutive year [5] Group 3 - The 2025 "China's 500 Most Valuable Brands" report lists 22 brands from Qingdao, with 5 entering the top 100, including Haier, Qingdao Beer, and Hisense [6] - Haier leads with a brand value of 573.517 billion yuan, ranking 3rd overall, while Qingdao Beer maintains its position as the top beer brand in China with a value of 280.355 billion yuan [6] - Other brands like Kaos and Double Star Tire also feature prominently, indicating strong brand presence and value in the Qingdao region [6]

Group 1 - The core viewpoint is that Haier refrigerators are successfully penetrating the international market, particularly in Spain, achieving significant sales growth and market share [1][2] - In May, Haier's refrigerator sales share reached 13.3%, making it the top player in the refrigerator industry, with notable performance in both high-end and mainstream markets [1] - Haier's multi-door refrigerators excel in the high-end segment, capturing 35% market share with a premium positioning index (PI) of 146, driven by innovative features such as advanced preservation technology [1] Group 2 - The success of Haier refrigerators in Spain exemplifies the company's globalization strategy, focusing on local R&D, manufacturing, and service to enhance market integration [2] - Haier aims to continue deepening its presence in the Spanish market by offering higher quality products and services to solidify and expand its leading position [2]

Summary of Haier Smart Home Conference Call Company Overview - **Company**: Haier Smart Home - **Industry**: Home Appliances Key Points and Arguments Market Impact and Challenges - The North American market is minimally affected by U.S. tariffs due to local production in the U.S. and Mexico, where Mexico enjoys zero tariffs. However, overall Chinese appliance exports have declined since April and are expected to continue this trend in the coming months [2][3] - Domestic market faces challenges from reduced subsidy intensity and a price war in the air conditioning sector. The gradual implementation of the old-for-new subsidy may be controlled, raising market concerns, especially with recent adjustments in Jiangsu province's air conditioning subsidy policy [2][4] - In Q1 2025, Haier's refrigerator business grew by 8%, washing machines by over 10%, and air conditioning by 15%, outperforming industry averages [2][5] Strategic Initiatives - Haier is enhancing operational efficiency through digital inventory management, accelerating inventory turnover, and expanding online channels, particularly targeting younger consumers. The air conditioning business added 150 top customers, resulting in a 60% increase in retail volume [2][8] - The company launched the "Lazy Wash" washing machine, which has seen significant pre-sale success, with orders fully booked until July [2][9] Competitive Landscape - The recent price decline in air conditioning products, led by the Hualing brand, is not expected to last as long as previous price wars in 2019 and 2020. Prices have already begun to recover post-618 shopping festival [6][10] - Haier's air conditioning business is performing better than expected despite price war pressures, with significant improvements in product quality and cost efficiency achieved through increased R&D and self-manufacturing of core components [10][11] Regional Performance - Haier has shown strong performance in Southeast Asia and South Asia, with market shares nearing 40% in Turkey and Pakistan, and ranking third in India with a 7% market share. The company has improved profitability through product structure enhancements and digital transformation [3][18] - The company’s global building business unit achieved a significant milestone by surpassing 10 billion yuan in revenue for the first time in 2024, driven by self-manufacturing of key components and new product launches [12] Future Outlook - The overall home appliance market is expected to remain stable in 2025, despite a potential slowdown in growth rates due to high base effects from 2024. Haier aims to maintain its market share without engaging in price competition [21][22] - Investors express concerns about the cyclical nature of the appliance industry, but long-term stability is expected due to strong replacement demand for refrigerators, washing machines, and air conditioners [22] Valuation and Investment Perspective - Haier's current valuation is at a near ten-year low, with a dividend yield at a ten-year high, presenting an attractive investment opportunity. The company’s transformation and execution capabilities are expected to drive future profit and dividend growth [23][24] Conclusion - Haier Smart Home is navigating a complex market landscape with strategic initiatives aimed at enhancing operational efficiency and product offerings. The company is well-positioned to leverage its global production capabilities and local market insights to sustain growth and profitability in the home appliance sector.

证券代码：600690 证券简称：海尔智家 公告编号：临 2025-046 海尔智家股份有限公司 关于以集中竞价交易方式回购 A 股股份的进展公告 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。 重要内容提示： | 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 | 年 月 2025 3 3 | 月 | 28 | 日~2026 | 年 | 日 27 | | 预计回购金额 | 100,000万元~200,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | 累计已回购股数 | □为维护公司价值及股东权益 31,830,800股 | | | | | | | 累计已回购股数占总股本比例 | 0.339% | | | | | | | 累计已回购金额 | 794,354,695.20元 | | | | ...