Core Insights - Haier Smart Building is enhancing its global presence while implementing localized operational strategies, focusing on tailored solutions for different markets [1][9] - The company emphasizes energy efficiency and sustainability across its product offerings, aligning with global energy standards and carbon reduction goals [6][7] Group 1: Global Strategy and Localization - Haier Smart Building is committed to a global layout and localized operations, launching customized products for various countries and regions [1] - The company aims to be seen as a local partner rather than just a Chinese brand, achieving double-digit growth overseas [1] Group 2: Product Innovation and Efficiency - The product matrix includes high-efficiency solutions tailored to different market needs, such as the upgraded MRV7 multi-connected unit and compact air duct units [3][5] - The company is focusing on oil-free technology for large spaces, with innovations like the magnetic levitation water machine and comprehensive heat pump solutions [5] Group 3: Sustainability and Carbon Reduction - Haier Smart Building integrates green energy practices throughout its R&D, production, and service processes, ensuring compliance with the highest energy efficiency standards [6] - The company has set long-term carbon reduction targets of 20% by 2030, 30% by 2040, and 40% by 2050 [6][7] Group 4: Market Performance - The company has reported significant growth in specific regions, with a 33% increase in Europe and a 54% increase in the Middle East compared to the previous year [9]

智通财经APP讯，海尔智家(06690)发布公告，于2025年9月23日该公司斥资1037.35万港元回购40万股， 回购价格为每股25.76-26.16港元。 ...

Core Viewpoint - Haier Smart Home (600690)(06690) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company plans to repurchase 400,000 shares at a total cost of HKD 10.3735 million [1] - The buyback price ranges from HKD 25.76 to HKD 26.16 per share [1] - The buyback is scheduled for September 23, 2025, reflecting the company's strategic financial management [1]

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9月23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 | | | 庫存股份變動 | | | | | 事件 | ...

Core Viewpoint - Haier's new air conditioning production base in Thailand officially commenced operations, marking it as the largest air conditioning manufacturing base for a Chinese brand in Southeast Asia, with an annual planned capacity of 6 million units [1][5]. Group 1: Scale and Capacity - The Haier Thailand air conditioning base is the largest for a Chinese brand, covering approximately 324,000 square meters and featuring multiple intelligent production lines and a large logistics center [3]. - The planned annual production capacity of the base is 6 million units, making it the highest capacity manufacturing base for Chinese air conditioning companies in Thailand [5][6]. Group 2: Product Line and Market Position - The product line at the base includes 14 categories and over a thousand models, catering to various air conditioning needs such as residential, commercial, and specialized applications [5]. - Haier has maintained the number one sales position in the Thai market for four consecutive years, supported by a fully digitalized end-to-end OPSI (Order, Production, Supply Chain) process [5][8]. Group 3: Technological and Environmental Innovations - The factory incorporates advanced quality inspection systems using AI for visual detection and noise recognition, ensuring high product quality [3]. - The facility utilizes a photovoltaic power generation system for zero carbon operation and has received Thailand's BOI highest level A2+ certification, reflecting a commitment to sustainable development [3]. Group 4: Global Strategy and Market Expansion - The establishment of the Thailand base is a strategic move in Haier's global air conditioning industry layout, filling regional capacity gaps and supporting global growth [6]. - The base enhances Haier's ability to respond to Southeast Asian demand while also supplying North America, Europe, Japan, and South Korea, thus optimizing supply chain costs and improving gross margins [8]. Group 5: Overall Impact on Business - The operationalization of the Thailand base is expected to strengthen Haier's market position in Southeast Asia and enhance its competitiveness in overseas markets [8]. - As of now, Haier has established 35 industrial parks and 163 manufacturing centers globally, with the Thailand base serving as a key node in its global supply chain [8].

Group 1 - BlackRock's stake in Haier Smart Home increased from 6.99% to 7.14% as of September 17 [1]

Core Viewpoint - The air conditioning market shows stable domestic sales with slight growth in August, driven by policy support and the implementation of local replacement standards for 2024, leading to a narrowing of the sales decline [1][2]. Group 1: Domestic Sales Performance - In August, the production of household air conditioners reached 12.88 million units, a year-on-year increase of 9.43%, while sales totaled 13.02 million units, a slight decline of 1.04% year-on-year [1]. - Domestic sales amounted to 7.74 million units, up 1.22% year-on-year, while exports were 5.29 million units, down 4.18% year-on-year [1]. - Major manufacturers showed varied performance: Gree's sales decreased by 3.39%, Midea's by 9.21%, Haier's increased by 15.63%, and Hisense's by 6.71% [1]. Group 2: Future Outlook - The air conditioning market is expected to see a year-on-year sales increase of 20% from September to December 2024, although the base is high, leading to a projected decline of 6%-7% in domestic sales during this period [2]. - The overall performance of the white goods sector has been weak since Q3, with pricing strategies and policy impacts likely having been fully reflected in current valuations [5]. Group 3: Export Sales Trends - In August, external sales of household air conditioners decreased by 4%, but the decline is narrowing, indicating a potential recovery phase [4]. - The recent suspension of the 24% tariff increase for 90 days may positively impact export orders, with expectations of a 47% year-on-year increase in external sales from September to December 2024 [4]. Group 4: Industry Recommendations - The air conditioning sector maintains a "stronger than market" rating, with a focus on leading companies such as Midea, Haier, Hisense, and Gree, which are expected to perform well due to their resilience and high dividend yields [5].

Core Viewpoint - Haier's new air conditioning production base in Thailand marks a significant expansion in Southeast Asia, positioning the company as a leader in the region's air conditioning market, with a planned annual capacity of 6 million units, making it the largest manufacturing base for Chinese brands in Southeast Asia [1][3][5]. Group 1: Production Capacity and Market Position - The Thailand air conditioning base has a planned annual capacity of 6 million units, making it the highest capacity manufacturing base for Chinese air conditioning companies in Thailand [5]. - The base covers 14 product categories and over a thousand models, catering to various air conditioning needs, including residential, commercial, and specialized applications [5]. - Haier has maintained the number one sales position in the Thai market for four consecutive years, supported by the new base's digital transformation that enhances production efficiency by 20% and reduces operational costs by 15% [5][8]. Group 2: Technological and Environmental Advancements - The production facility incorporates advanced technologies such as AI visual inspection and noise recognition systems to ensure high product quality [3]. - The factory utilizes a photovoltaic power system for zero-carbon operations and has received Thailand's highest BOI A2+ certification, reflecting a commitment to sustainable manufacturing practices [3][5]. Group 3: Strategic Global Positioning - The establishment of the Thailand base fills a regional production gap and supports Haier's global growth strategy, enabling local production for Southeast Asian demand and proximity supply for North America and Europe [6][8]. - Haier has built a global network with 35 industrial parks and 163 manufacturing centers, with the Thailand base serving as a key node in its global supply chain [8].

Core Insights - Chinese home appliance brands have historically focused on performance growth and factory production in overseas markets, neglecting service system development, leading to a perception of a service void in these markets [1] - Haier Smart Home is breaking this perception by achieving the highest user satisfaction on Vietnam's largest appliance retail platform DMX by July 2025, through digital service models and optimized dispatch systems [3] Group 1: Service Efficiency Improvements - Haier Smart Home is addressing slow service times in Vietnam by implementing digital collaboration to enhance service efficiency, achieving nearly a 20% improvement in service timeliness through pilot projects and system integration with DMX [3] - The company has initiated a direct dispatch model for service orders, achieving a 98% direct dispatch rate, with plans to expand this model to third-party networks and other regional countries [3] Group 2: Enhanced User Experience - The introduction of the "5S" service standard across five Southeast Asian countries has improved user satisfaction, with over 40,000 users benefiting and a 70% improvement in user reputation [4] - In the first half of the year, despite market pressures, Haier Smart Home experienced an 18.29% growth in the Southeast Asian market, maintaining its position as the top player in the white goods sector, particularly in Vietnam [4] - The company's experience indicates a shift in overseas market competition from sales to service, suggesting that a digital and localized service system may become a new pillar for brand premiumization [4]

Core Viewpoint - Haier Smart Home experienced a decline of 2.36% on September 22, with a trading volume of 1.326 billion yuan and a market capitalization of 241.141 billion yuan [1] Company Overview - Haier Group, founded in 1984, has expanded from producing refrigerators to a wide range of sectors including home appliances, IT, logistics, finance, real estate, and biopharmaceuticals, becoming a global leader in providing solutions for a better life [2] - The company holds a 10.2% share of the global retail volume in 2014, maintaining its position as the world's largest home appliance brand for six consecutive years [2] Shareholder Structure - Among the top ten circulating shareholders, Central Huijin Asset Management Co., Ltd. and China Securities Finance Corporation Limited are included [3] - Haier Wireless, a subsidiary focused on wireless charging, has participated in setting national industry standards for electromagnetic compatibility and radiation, and has invested in Intel's wireless charging technology team [3] Business Operations - The main business of the company includes the research, production, and sales of home appliances, covering refrigerators, kitchen appliances, air conditioners, washing machines, water appliances, and other smart home products, as well as providing comprehensive smart home solutions [3] Financial Performance - For the first half of 2025, Haier Smart Home achieved operating revenue of 156.494 billion yuan, a year-on-year increase of 15.39%, and a net profit attributable to shareholders of 12.033 billion yuan, up 15.48% year-on-year [7] - The revenue composition includes refrigerators (27.17%), air conditioners (20.94%), washing machines (20.22%), kitchen appliances (13.10%), equipment and channel services (11.97%), water appliances (6.11%), and others (0.48%) [7] Dividend Distribution - Since its A-share listing, Haier Smart Home has distributed a total of 46.155 billion yuan in dividends, with 21.766 billion yuan distributed over the past three years [8] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder with 450 million shares, a decrease of 131 million shares from the previous period [9] - Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF are also among the top ten circulating shareholders, with respective holdings of 73.637 million shares and 66.918 million shares [9]