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 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 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7月2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 1 月，即自 2025 年 7 月 3 日至 20 ...

Core Viewpoint - The extreme heat in Europe has significantly boosted air conditioning sales, with major Chinese companies like Gree, TCL, and Haier experiencing substantial growth in the region due to increased demand driven by high temperatures [1][3][4]. Group 1: Market Demand and Sales Growth - European countries, particularly Spain, France, Italy, and Germany, have reported temperatures exceeding 40°C, leading to a noticeable decrease in air conditioning inventory [1]. - Haier's air conditioning sales in Europe have seen a year-on-year increase of approximately 30% in 2023, with strong performance in Italy and Spain [3]. - From January to May 2025, China's total air conditioning exports reached 49.25 million units, marking an 11.3% year-on-year growth [3]. Group 2: Strategic Responses and Opportunities - Gree Electric plans to consider localized production and operations in Europe to enhance its brand influence in response to changing trade policies [2]. - The demand for air conditioning varies across different regions in Europe, with Southern and Eastern Europe showing strong demand for split air conditioning units due to their hot climate [3]. - The shift towards environmentally friendly refrigerants in Europe has created opportunities for Chinese companies, as older air conditioning units need to be replaced [3]. Group 3: Competitive Landscape and Future Outlook - The European market has high energy efficiency requirements, necessitating that leading Chinese companies like Midea and Haier transition from price competition to value competition [4][5]. - The potential for Chinese air conditioning exports remains significant, with China accounting for nearly 80% of global air conditioning production capacity [3].

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]

Group 1 - BlackRock's stake in Haier Smart Home increased from 6.99% to 7.18% as of June 26 [1]

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 ...

Market Overview - The FTSE China A50 Index components showed mixed performance with sectors like home appliances, liquor, and non-ferrous metals rising, while sectors such as securities, consumer electronics, and logistics declined [1]. Sector Performance Home Appliances - Gree Electric Appliances had a market capitalization of 259.96 billion, with a trading volume of 25.10 billion and an increase of 0.96 (+2.11%) [3]. - Haier Smart Home reported a market cap of 240.01 billion, with a trading volume of 19.79 billion and an increase of 0.82 (+3.31%) [3]. Liquor Industry - Kweichow Moutai had a market capitalization of 1,770.74 billion, with a trading volume of 36.89 billion and an increase of 4.50 (+0.32%) [3]. - Wuliangye Yibin reported a market cap of 214.25 billion, with a trading volume of 11.55 billion and an increase of 1.20 (+0.69%) [3]. Non-Ferrous Metals - The sector showed positive performance, contributing to the overall rise in the index [1]. Securities - CITIC Securities had a market capitalization of 404.30 billion, with a trading volume of 10.59 billion and a decrease of 0.11 (-0.40%) [4]. - Guotai Junan Securities reported a market cap of 338.49 billion, with a trading volume of 15.74 billion and a decrease of 0.07 (-0.36%) [4]. Consumer Electronics - Industrial Fulian had a market cap of 420.21 billion, with a trading volume of 24.20 billion and a decrease of 0.24 (-1.12%) [4]. - Luxshare Precision reported a market cap of 245.97 billion, with a trading volume of 17.15 billion and a decrease of 0.79 (-2.28%) [4]. Logistics - SF Holding had a market capitalization of 272.79 billion, with a trading volume of 17.11 billion and a decrease of 1.51 (-0.67%) [4]. Energy Sector - China Shenhua Energy had a market cap of 190.41 billion, with a trading volume of 8.45 billion and an increase of 0.60 (+1.47%) [3]. - China Petroleum & Chemical Corporation reported a market cap of 1,573.98 billion, with a trading volume of 6.26 billion and a decrease of 0.04 (-0.46%) [3].

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]

Core Viewpoint - Haier Philippines launched a new Mini LED TV series in collaboration with local retailer Abenson, showcasing advanced display technology and enhanced audio features [1]. Group 1: Product Features - The new Mini LED TV series utilizes micron-level Mini LED backlight technology, with evenly distributed light beads on the back panel, allowing for more local dimming zones, which improves brightness and contrast [3]. - The TVs support HDR10 and Dolby Vision, resulting in finer picture quality [3]. Group 2: Audio Experience - Haier partnered with audio brand KEF to equip the TVs with Dolby Atmos and dbx-TV technology, providing a more immersive surround sound experience [4].

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.