Core Insights - Haier Smart Home officially entered the South African market with a product launch event in Johannesburg on February 2, showcasing a high-end product series tailored for local consumers [1] Group 1: Market Entry - The launch event was themed "Zero Distance, Infinite Possibilities," highlighting various product categories including washing machines, air conditioners, refrigerators, and small appliances [1] - Haier's investment in South Africa includes the acquisition of local companies, amounting to approximately 2.4 billion Rand, marking it as one of the most significant industrial investments in the province in recent years [1] Group 2: Economic Impact - The investment has secured over 700 existing jobs and further enhanced local manufacturing capabilities in South Africa [1]

Core Viewpoint - Recent fluctuations in copper prices indicate a complex interplay between industrial and financial attributes, with short-term price movements influenced more by financial factors than by supply-demand fundamentals [1][2]. Supply and Demand Dynamics - Copper prices have recently experienced volatility, with a notable drop of over 9% to 98,500 yuan/ton on February 2, following a peak of 110,000 yuan/ton on January 30 [1]. - The domestic air conditioning industry consumes approximately 850,000 tons of copper annually, highlighting the metal's critical role in manufacturing [1][3]. - Major copper suppliers face limited short-term production increases, with declining ore grades impacting output, particularly in Chile's Mantoverde mine and Southern Copper [2]. Industry Performance - Despite rising copper prices, leading air conditioning companies have reported revenue growth. For instance, Midea Group achieved a revenue of 363.06 billion yuan in the first three quarters of 2025, a year-on-year increase of 13.82% [3]. - Haier Smart Home reported a revenue of 234.05 billion yuan during the same period, with a net profit increase of 14.68% [4]. Risk Management Strategies - Companies are increasingly engaging in commodity hedging to mitigate the impact of raw material price fluctuations. Midea Group has initiated hedging activities to counteract raw material price volatility [4][5]. - Haier Smart Home plans to conduct hedging for copper, aluminum, and other raw materials, with a contract value not exceeding 5.46 billion yuan [6]. - Research indicates that appliance manufacturers can offset rising raw material costs through price increases, with a 3%-5% price hike potentially covering the impact of copper prices at 105,000 yuan/ton [6].

Group 1 - Recent fluctuations in copper prices have seen a peak of 110,000 yuan/ton on January 30, followed by a decline of 2.82%, and a further drop to 98,500 yuan/ton by February 2, marking a decrease of over 9% [1][2] - The demand for copper remains strong in the medium to long term, driven by sectors such as renewable energy, electricity, and AI computing, with the domestic air conditioning industry consuming approximately 850,000 tons of copper annually [1][4] - The supply side shows limited short-term increases from major copper suppliers, with declining ore grades affecting production, particularly at the Mantoverde copper mine in Chile and Southern Copper [3] Group 2 - The copper market's medium to long-term outlook remains unchanged, with expectations of gradual price recovery, although not as rapid as before [3] - The overall price trend for non-ferrous metals is projected to rise significantly by 2025, influenced by capital flows and market sentiment [2] - Major air conditioning companies, such as Midea Group and Haier, have reported revenue growth despite rising copper prices, with Midea achieving 363.06 billion yuan in revenue, a 13.82% increase year-on-year [5][6] Group 3 - Companies are actively engaging in commodity hedging to mitigate cost pressures from fluctuating raw material prices, with Midea and Haier planning to conduct hedging activities valued at up to 6 billion yuan and 5.46 billion yuan, respectively [6][7] - The industry is witnessing a consensus on price increases to offset rising raw material costs, with estimates suggesting a 3%-5% price hike could cover the impact of copper prices at 105,000 yuan/ton [7]

转自：新华社 "豪登省具备完善的制造业基础和区位优势，是出口导向型制造业和区域总部企业的重要落地平台。省 政府通过投资促进体系、经济特区和工业园区发展，为企业提供可预期、积极响应的合作环境。"拉莫 豪帕说。 数据显示，中国是南非最大的贸易伙伴，近年来两国经贸合作持续发展。拉莫豪帕表示，南非向中国出 口煤炭等工业基础原材料，而从中国进口的机械设备、电子产品、家电等先进工业产品，推动了南非制 造业、物流和消费领域现代化。 新华社约翰内斯堡2月3日电 （记者 杭泽波 樊浩宇）南非豪登省政府执委会成员武伊斯瓦·拉莫豪帕2日 表示，中国企业的投资正有力推动南非工业化进程及制造业转型升级。 当天，中国家电企业海尔集团旗下子公司海尔智家在南非最大城市约翰内斯堡举行产品发布活动，宣布 正式进入南非市场。拉莫豪帕在活动上接受新华社记者采访时说，海尔在南非的布局是该省近年来最重 要的工业投资项目之一，为制造业和工业升级注入新动力。 拉莫豪帕指出，豪登省是南非经济和工业中心，国内生产总值约占南非全国的55%。自2014年以来已吸 引大量来自中国的直接投资，涵盖通信、能源、制造、物流及先进工业设备等领域，创造数千个就业岗 位。 ...

智通财经APP讯，海尔智家(06690)发布公告，于2026年2月2日，该公司斥资8.87万欧元回购4.36万股股 份，每股回购价2.025-2.04欧元。 ...

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： 2026年2月3日 第 2 頁 共 7 頁 v 1.3.0 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 | 其他類別 (請註明) | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 690D | 說明 | | 普通股- D股面值每股人民幣1元 (於法蘭克福證劵交易所上市) | | | | | 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 ...

Core Insights - The Guizhou Provincial Market Supervision Administration recently announced the results of quality supervision inspections for 29 types of products, including electromagnetic stove products, revealing that no non-compliant products were found among the 32 batches tested from 17 sellers [2]. Group 1: Quality Inspection Results - A total of 32 batches of electromagnetic stove products were inspected, and all were found to be compliant with quality standards [2]. - The inspection covered various safety and performance criteria, including protection against electric shock, input power and current, heating, leakage current under working temperature, and electrical strength [3]. Group 2: Compliance and Manufacturers - The inspected products included those from well-known manufacturers such as Midea and Haier, indicating a strong adherence to quality standards in the industry [3][4]. - Specific models tested included various electromagnetic stoves, with all passing the required safety and performance tests [4].

2月3日，海尔智家涨0.80%，成交额9.77亿元，换手率0.62%，总市值2363.16亿元。 来源：新浪证券-红岸工作室 主力持仓 异动分析 超级品牌+证金持股+无线充电+家用电器 1、海尔集团创立于1984年，从开始单一生产冰箱起步，拓展到家电、通讯、IT数码产品、家居、物 流、金融、房地产、生物制药等领域，成为全球领先的美好生活解决方案提供商。2014年海尔品牌全球 零售量份额为10.2%，连续六年蝉联全球大型家电第一品牌。 2、公司前十大流通股东中包含中央汇金资产管理有限责任公司或中国证券金融股份有限公司。 3、控股股东海尔集团旗下的海尔无线专注无线充电,参与制定了无线电能传输在电磁兼容性电磁辐射等 方面的国家行业标准,并投资前Intel无线充电技术团队成为其控股股东 4、公司的主营业务是家电的研发、生产及销售工作，涉及冰箱/冷柜、厨电、空调、洗衣设备、水家电 及其他智能家庭业务，以及提供智能家庭全套化解决方案。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入3940.30万，占比0.05%，行业排名2/10，连续2日被主力资金增仓；所属行 ...

1月27日，QuestMobile发布《2025中国互联网价值榜》，海尔智家（600690）App荣获2025智能生活人 群首选App。作为国内权威移动互联网大数据研究机构，QuestMobile榜单数据源自真实市场调研分析， 客观反映了各品牌App在行业的活跃渗透水平。此次获奖，不仅印证海尔智家App的用户规模优势，也 体现其在智慧家庭领域的行业领先地位。 海尔智家App还打造开放式生态能力，链接不同行业的丰富智能设备。目前，海尔智慧家庭已接入 6600+生态资源方、55+品牌、167+品类设备，连接智能设备总量超过5200万台，月活用户达到1300多 万。例如通过与长安、奇瑞等车企合作，打造"人车家"全场景解决方案，带来车上管家、家中控车的无 缝智慧体验，让智慧生活从家延伸至家外。 在智慧生活服务体系方面，海尔智家App实现智慧家庭全生命周期服务。在App上，可实现从物流订单 全程跟踪，用户能实时查看订单位置和状态，服务进程一目了然。通过故障AI自诊断，智能设备发生 故障触发自检，还能一键报单，一次上门就解决麻烦。为带来更方面的售后体验，还内置AI语音助 手"小优"，只需像聊天一样，就能完成咨询、报单与预 ...

Market Overview - The white goods sector increased by 0.05% on February 3, with Whirlpool leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up by 1.29%, while the Shenzhen Component Index closed at 14127.1, up by 2.19% [1] Stock Performance - Whirlpool (600983) closed at 11.15, with a rise of 2.39% and a trading volume of 77,200 shares, amounting to a transaction value of 85.91 million yuan [1] - Snowball Electric (001387) closed at 14.80, up by 1.86%, with a trading volume of 34,200 shares and a transaction value of 50.25 million yuan [1] - Hisense Home Appliances (000921) closed at 23.94, increasing by 1.70%, with a trading volume of 76,300 shares and a transaction value of 182 million yuan [1] - Haier Smart Home (600690) closed at 25.20, up by 0.80%, with a trading volume of 388,500 shares and a transaction value of 977 million yuan [1] - Midea Group (000333) closed at 77.91, with a slight increase of 0.08%, trading 345,000 shares for a total of 2.692 billion yuan [1] - Other notable performances include Gree Electric (000651) down by 0.47% and TCL Smart Home (002668) down by 0.81% [1] Capital Flow - The white goods sector saw a net inflow of 137 million yuan from institutional investors, while retail investors experienced a net outflow of 61.62 million yuan [1] - The capital flow for major stocks indicates that Midea Group had a net inflow of 26.3 million yuan from institutional investors, but a net outflow of 79.25 million yuan from retail investors [2] - Haier Smart Home had a net inflow of 38.57 million yuan from institutional investors, with a net outflow of 1.88 million yuan from retail investors [2] - Gree Electric experienced a significant net outflow of 143 million yuan from institutional investors [2] - Deep Kangjia A (000016) faced a substantial net outflow of 15.33 million yuan from institutional investors, while retail investors had a net inflow of 1.22 million yuan [2]