Group 1 - The core viewpoint of the article highlights Haier Smart Home's recognition as the "2025 ESG Model Enterprise" due to its comprehensive green development model and social value practices [1] - The company implements a "6-Green" strategy that covers the entire supply chain, transforming ESG concepts into tangible consumer experiences [3][4] - Haier Smart Home has established strict "green rules" for suppliers, prioritizing energy-efficient and environmentally friendly materials in procurement [3] Group 2 - In product design, Haier Smart Home has introduced energy-efficient appliances, such as the Mai Lang refrigerator, which consumes less than 1 kWh per day, and the Leader washing machine, which has become a top seller [4] - The company has built the largest home appliance recycling network in China, recovering nearly 8 million old appliances in 2024, and participates in recycling initiatives in Europe and the US [6] - Haier Smart Home's ESG practices extend to global social responsibility, including building over 400 Hope Schools in China and donating energy-efficient air conditioners in Thailand [6] Group 3 - The company promotes transparency in governance, with public executive compensation, traceable supply chain carbon emissions, and real-time updates on environmental data [6] - Haier Smart Home aims to make ESG principles a part of everyday life, continuing to innovate in sustainable development [6]

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： 2025年6月13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 。 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； (viii) 有關債券、借貸股份、票據或公司債券的信託契約/平邊契據經已製備及簽署，有關詳情已送呈公司註冊處處長存檔（如法律如此規定）。 第一章節註釋： 若股份曾以超過一個每股價格發 ...

Investment Rating - The report maintains a "Positive" investment rating for the home appliance industry, indicating an expectation of returns exceeding the market benchmark by more than 5% [5]. Core Insights - Domestic home appliance sales are expected to benefit from policy support, with the air conditioning peak season anticipated to see high temperatures and low inventory, making the second quarter demand promising. Changes in national subsidy methods are expected to have limited disruption [3][8]. - The online retail performance in May was strong, with significant year-on-year growth in various categories, including a 31.7% increase in TV sales and a 46.0% increase in air conditioning sales [8]. - The report highlights the potential for emerging markets in exports, while concerns regarding exports to the U.S. due to global capacity layout are deemed manageable. The reshaping of the global supply chain presents new opportunities [3][8]. Summary by Sections Domestic Market Performance - In May, online retail sales for home appliances showed impressive growth, with air conditioning sales up 46.0% year-on-year and cumulative growth of 26.9% from January to May [8]. - The average price of air conditioning units decreased slightly by 0.7% in May, but the report predicts that price declines are nearing an end as the peak season approaches [8]. Policy and Subsidy Impact - The report discusses changes in national subsidy methods, suggesting that the new approach will likely alleviate price competition among mid-to-low-end brands. The expected shift to a dual-channel distribution for subsidies is anticipated to maintain consumer spending [8]. Investment Recommendations - The report recommends focusing on quality white goods leaders that benefit from domestic policy continuation and are actively expanding overseas, such as Midea Group and Haier Smart Home [3]. - It also suggests monitoring companies that are likely to benefit from the reshaping of market shares in mature overseas markets, such as Hisense Visual Technology and Ousheng Electric [3].

Group 1 - Haier launched the new brand Haier care at the 2025 Shanghai International Elderly Care, Aids, and Rehabilitation Medical Expo, focusing on the silver economy [1] - The introduction of Haier care is seen as a necessary choice for the company's development, aiming to become a leading global provider of smart elderly care solutions [1] - The aging population is creating challenges in traditional elderly care, such as staff shortages and resource misallocation, which AI technology can help address [1] Group 2 - Haier's brand vision is to create the leading elderly care brand in China, emphasizing continuous user interaction and product innovation [2] - The brand story video showcased real-life stories to illustrate the core concept of "C-A-R-E" [2] - Haier aims to be a significant force in advancing China's elderly care industry [2]

Core Viewpoint - Haier has launched its first smart blood pressure monitor, the M8, during the Shanghai Old Expo, marking a significant milestone in its home healthcare segment, which has achieved cumulative shipments of 5 million units [2] Group 1: Product Features and Innovations - The M8 blood pressure monitor features the Haier V-sense cardiovascular health monitoring system, which allows for early monitoring and alerts for potential cardiovascular issues [2] - The device integrates multiple functionalities, including vital sign monitoring, environmental sensing, smart alarms, and medication reminders, along with a magnetic storage design for seamless integration with Haier's smart home ecosystem [2][3] - User data collected by the M8 will be stored in the Haier Smart Home app and can be synchronized across various devices, enabling a comprehensive and intelligent chronic disease management platform [3] Group 2: Market Potential and Growth - The global home healthcare device market is projected to reach $58.3 billion in 2024, with a year-on-year growth of 23.5%, and is expected to exceed $100 billion by 2028, with a compound annual growth rate of 22.3% [5] - Haier aims to achieve a growth rate of approximately 30% in the blood pressure monitor segment, with aspirations to rank among the top three global brands [5] Group 3: Challenges and Compliance - The integration of smart features into medical devices faces challenges due to compliance requirements, as each new feature necessitates re-certification, leading to longer development cycles and higher costs [5] - Current market competitors, particularly in Japan, have slower product iteration rates, presenting an opportunity for Haier to capitalize on its innovative approach [5] Group 4: Future Developments - Future iterations of Haier's blood pressure monitors are expected to include functionalities for monitoring blood sugar and blood oxygen levels, enhancing the device's capabilities [3] - The company is focusing on AI health management, IoT integration, and data-driven services to accelerate its presence in the smart healthcare market [5][6]

Group 1: Market Overview - The FTSE China A50 index component stocks showed a general decline in bank stocks while the oil industry demonstrated strength [1] Group 2: Insurance Sector - China Life Insurance, China Pacific Insurance, and Ping An Insurance reported market capitalizations of 375.90 billion, 345.08 billion, and 992.28 billion respectively, with trading volumes of 5.26 million, 15.94 million, and 4.92 million [4] - The stock performance for these companies was as follows: China Life -0.19 (-0.53%), China Pacific -0.32 (-0.58%), and Ping An +0.02 (+0.24%) [4] Group 3: Alcohol Industry - Major players in the liquor sector include Kweichow Moutai, Wuliangye, and Shanxi Fenjiu, with market capitalizations of 1795.74 billion, 209.72 billion, and 464.08 billion respectively, and trading volumes of 8.59 million, 30.41 million, and 53.76 million [4] - Stock changes were reported as follows: Kweichow Moutai -29.49 (-2.02%), Wuliangye -2.94 (-2.40%), and Shanxi Fenjiu -1.94 (-1.12%) [4] Group 4: Semiconductor Sector - Key companies include Northern Huachuang, Haiguang Information, and Cambrian Technology, with market capitalizations of 218.37 billion, 251.15 billion, and 316.16 billion respectively, and trading volumes of 13.82 million, 14.05 million, and 13.86 million [4] - Stock performance was as follows: Northern Huachuang +4.57 (+1.13%), Haiguang Information -3.18 (-0.53%), and Cambrian Technology -0.07 (-0.05%) [4] Group 5: Automotive Sector - Notable companies include BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway, with market capitalizations of 280.83 billion, 1039.06 billion, and 185.40 billion respectively, and trading volumes of 49.75 million, 4.26 million, and 2.68 million [4] - Stock changes were reported as follows: BYD -11.34 (-3.21%), Great Wall Motors -0.46 (-2.08%), and Beijing-Shanghai High-Speed Railway +0.02 (+0.35%) [4] Group 6: Oil Industry - Major companies include COSCO Shipping, Sinopec, and China National Petroleum, with market capitalizations of 252.95 billion, 721.41 billion, and 1643.53 billion respectively, and trading volumes of 7.68 million, 15.71 million, and 11.47 million [4] - Stock performance was as follows: COSCO Shipping +0.06 (+1.02%), Sinopec +0.10 (+1.13%), and China National Petroleum +0.41 (+2.58%) [4] Group 7: Coal Industry - Key players include China Shenhua, Shaanxi Coal and Chemical Industry, and CATL, with market capitalizations of 781.23 billion, 192.64 billion, and 1127.70 billion respectively, and trading volumes of 22.00 million, 6.00 million, and 4.30 million [4] - Stock changes were reported as follows: China Shenhua -2.47 (-0.99%), Shaanxi Coal +0.30 (+0.77%), and CATL +0.15 (+0.76%) [4] Group 8: Food and Beverage Sector - Companies such as CITIC Securities, Guotai Junan, and Haitian Flavoring reported market capitalizations of 390.23 billion, 322.27 billion, and 227.37 billion respectively, with trading volumes of 11.01 million, 15.22 million, and 5.98 million [5] - Stock performance was as follows: CITIC Securities -0.11 (-0.42%), Guotai Junan -0.15 (-0.81%), and Haitian Flavoring -0.40 (-0.97%) [5]

Core Insights - The dialogue between Zhou Hongyi, founder of 360 Group, and Zhou Yunjie, Chairman and CEO of Haier Group, highlights the evolving role of entrepreneurs in creating personal brands (IP) and the challenges they face in this new landscape [1][2] - Zhou Yunjie emphasizes the importance of integrating personal branding with corporate strategy and transformation, suggesting that the purpose of creating IP is not just for publicity but to enhance the overall business direction and user experience [1][2] Group 1 - Zhou Hongyi expresses frustration over the misconception that creating IP is merely about becoming an internet celebrity or engaging in live commerce, pointing out that entrepreneurs have historically engaged in public speaking and writing to build their brands [1] - Zhou Yunjie discusses his concept of an IP matrix, which encourages company executives to embrace the internet and utilize new storytelling methods to promote their brand and products [1][2] - Zhou Yunjie notes that while Haier has accumulated over 100 million followers through various IP initiatives, the information is often scattered, and he aims to connect these efforts to drive systemic change within the company [2] Group 2 - Zhou Yunjie believes that the integration of IP with corporate responsibilities allows for better communication of firsthand information from the market, which can inform product design, quality improvement, and user experience [2] - Zhou Hongyi agrees with Zhou Yunjie's perspective, stating that while the methods of creating IP have changed, the fundamental goal remains the same: to engage in dialogue with the public and users [2]

Investment Rating - The industry investment rating is "Positive" and maintained [9] Core Viewpoints - The home appliance industry is witnessing a strategic upgrade with the creation of executive "IP" by leading companies like Haier and Midea, enhancing direct interaction with consumers through social media platforms [2][4][26] - This approach allows for a restructured market research process in product design, providing consumers with a greater sense of participation and improving brand recognition through the personal charisma of executives [2][4][26] Summary by Sections Executive "IP" Development - Haier and Midea are actively developing executive "IP" to enhance brand influence, with executives engaging on social media platforms to connect with consumers [4][16] - The strategy aims to create a more relatable corporate image, allowing consumers to better understand the company's culture and values [4][26] Capturing Consumer Demand - In the current market, home appliance companies face higher demands for product innovation and consumer engagement, with social media providing a platform for direct communication [5][27] - The example of Haier's three-tub washing machine illustrates how consumer feedback can lead to rapid product development, achieving over 88,000 pre-orders within a week of launch [5][30] Brand Image and Trust - The creation of executive "IP" enhances brand image and fosters emotional connections with consumers, breaking down barriers between executives and the public [6][38] - Executives' personal engagement on social media can significantly boost brand recognition and consumer trust, as seen with Haier's CEO gaining popularity through relatable content [6][38] Investment Recommendations - In light of potential uncertainties, the report suggests focusing on companies with lower exposure to U.S. tariffs and strong domestic sales supported by government subsidies, such as Gree Electric, Hisense Home Appliances, and Midea Group [7][41] - Companies with significant domestic production capacity and compliance with trade agreements are also highlighted as strong investment opportunities [7][41]

Core Viewpoint - Haier officially launched its new brand Haier care at the 2025 Shanghai International Elderly Care, Aids, and Rehabilitation Medical Expo, aiming to become the leading brand in China's elderly care industry, showcasing its strategic layout and innovative strength in the smart elderly care sector [1][3]. Industry Context - The elderly care market, valued in the trillions, faces structural challenges such as an incomplete regulatory framework and inconsistent product quality and service standards. The lack of leading brands hampers the market's quality upgrade and affects the consumer experience for the elderly [3]. - In response to these challenges, the State Council issued a document in 2024 to support the incubation of new brands in the elderly care economy, highlighting the importance of Haier's launch of Haier care as a proactive response to national strategies [3]. Company Strategy - Haier has been strategically positioning itself in the elderly care sector since 2022, developing a comprehensive smart elderly care solution known as the 1+5+N model, which includes user interaction, strategic partnerships, and industry positioning [5]. - The introduction of Haier care marks a new journey for Haier in product innovation and ecosystem building, with a commitment to becoming a global leader in smart elderly care solutions [5][6]. Technological Innovation - AI technology is increasingly penetrating various industries, providing new solutions to the challenges posed by an aging population, such as workforce shortages and resource misallocation. Haier is leveraging AI to create smart elderly care solutions [6][8]. - The launch event showcased several AI-powered products, including the AI infrared therapy mat and AI exoskeleton robot, reflecting Haier's deep commitment to innovation in elderly care technology [8]. Brand Values - The Haier care brand emphasizes four core values represented by the acronym C-A-R-E: Convenience, Activity, Responsibility, and Ease, which are illustrated through real-life stories of individuals benefiting from Haier's products [10][11][12]. - The mission of Haier care is to ensure that all parents can enjoy life with dignity, focusing on the needs of various elderly demographics and enhancing their quality of life through technology [12].

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： 2025年6月12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 | | 已發行股份（不包括庫存 ...