近日，由日本电机工业会(JEMA)主办的"2025年度(第74届)电机工业技术功绩者表彰"结果揭晓，海尔日 本研发中心凭借在技术创新与产品实力上的突出表现，一举斩获1项优良奖及2项鼓励奖。这一荣誉不仅 是对海尔日本研发团队的高度肯定，更印证了其技术成果在推动行业可持续(SDGs)发展中的重要价 值。 "电机工业技术功绩者表彰"设立于1952年，历经74届发展，已成为日本电机、家电、能源及相关机电产 业领域极具权威性的技术奖项。该奖项由汇聚日本顶尖家电企业的JEMA组织评审，评选流程严谨规 范，需经会员企业推荐、JEMA技术评审委员会多轮审查，从技术创新性、社会影响力及量产实用性等 核心维度进行综合考量。因其评选标准严苛，获奖成果往往被视为当年电机产业的技术风向标与行业标 杆，具备极高的行业认可度。 在本次表彰中，优良奖授予了海尔日本研发中心开发"搭载LED保鲜技术冰箱"的团队。该技术应用于 AQUA高端冰箱TX、TZ等系列中，它能帮助蔬菜和水果长期保存，为减少食物浪费作出贡献。此外， TZ和TX系列除了此次获奖的技术外，还采用了智能恒温技术和超薄型设计，能够精确控制温度，减少 能源浪费，同时提升空间利用率等， ...

Core Insights - The report emphasizes a strategic shift towards financial and consumer sectors, indicating a positive market outlook following the resolution of tariff impacts and a rebound after initial panic [4][7] - The report highlights the importance of new economic technologies and service consumption, alongside traditional resource industries, as key investment themes for the upcoming quarter [4][7] - The report identifies a favorable environment for investment, driven by domestic policy shifts and international cooperation, particularly in consumption and technology sectors [4][7] Company Summaries - **Haier Smart Home (600690)**: The company is positioned as a global leader in home appliances, focusing on digital transformation and supply chain optimization. It aims to enhance its global competitiveness through increased self-sufficiency in core components and overseas expansion [12] - **Lixing Shares (300421)**: As a leader in the rolling body industry, the company is expanding into high-end products like ceramic rolling bodies, benefiting from the recovery in high-speed rail and wind power sectors, with steady growth expected [13] - **China National Glass (600176)**: The company is experiencing improved profitability due to product price recovery and cost reductions. Its gross margin for Q3 2025 was 32.8%, reflecting a 4.6 percentage point increase year-on-year [14] - **Lihigh Food (300973)**: The company is leveraging management efficiency, channel benefits, and product upgrades to enhance performance [15] - **Muyuan Foods (002714)**: As a leading player in pig farming, the company maintains a solid cost advantage and is committed to high-quality development [16] - **Landai Technology (002765)**: The company is rapidly expanding its new energy business, with significant growth in sales and revenue share expected from 2022 to 2024 [17] - **Hui Electric (002463)**: The company is increasing capital expenditure to support growth, with a focus on AI servers and switches, and is expected to reach a reasonable economic scale by the end of 2025 [19] - **Xiechuang Data (300857)**: The company is investing heavily in computing power, with strong demand for AI computing services driving growth [20] - **Tencent Holdings (00700)**: The company has established a robust user base through its social networks, enabling it to build a diverse ecosystem across various sectors, including digital content and financial technology [21] - **Greentown Service (02869)**: The company is focusing on its core business and reforming its operations, resulting in rapid profit growth and improved financial metrics [22]

证券代码：600690 证券简称：海尔智家 公告编号：临2025-067 海尔智家股份有限公司 每股分配比例 A股每股现金红利0.2692元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/6 | － | 2025/11/7 | 2025/11/7 | 一、 通过分配方案的股东会届次和日期 本次利润分配方案经海尔智家股份有限公司（简称"公司"、"本公司"）2025年10月16日 的2025年第一次临时股东会审议通过。 二、 分配方案 2025年半年度A股权益分派实施公告 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： 放于回购专用证券账户中的股份不参与本次利润分配。 3. 差异化分红送转方案： （1）本次差异化分红方案 根据公司2025年第一次临时股东会审议通过的《海尔智家股份有限公司2025半年度利润 分配预案》，除回购账户内已回购股份外，公司拟向股东每10股 ...

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 | 2025 年 3 月 28 3 | 日~2026 | 年 | 月 | 27 日 | | 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 | | | | | | | □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 40,482,500股 | | | | | | 累计已回购股数占总股本比例 | 0.431% | | | | | | 累计已回购金额 | 1,016,824,165.24元 | | | | | | 实际回购价格区间 | 23.60元/股~26.64元/股 | | | ...

Company Overview - Haier Smart Home (SH 600690) announced on October 31 that it did not implement A-share buybacks in October 2025. From the start date of the buyback on April 7, 2025, to the end of October 2025, the company repurchased approximately 40.48 million shares, accounting for 0.431% of the total share capital, with a total expenditure of about 1.017 billion yuan [1]. Financial Performance - For the first half of 2025, Haier Smart Home's revenue composition was as follows: refrigerators accounted for 27.17%, air conditioners 20.94%, washing machines 20.22%, kitchen and bathroom appliances 13.1%, channel comprehensive services and others 11.97%, and water appliances 6.11% [1]. Market Capitalization - As of the report date, Haier Smart Home's market capitalization was 251.5 billion yuan [2].

Core Viewpoint - Haier Smart Home has demonstrated resilience in overseas markets despite ongoing global uncertainties, as evidenced by its third-quarter report for 2025, which shows significant revenue and profit growth [1] Financial Performance - For the first three quarters of 2025, Haier Smart Home reported revenue of 234.05 billion yuan and a net profit attributable to shareholders of 17.37 billion yuan, representing year-on-year growth of 10% and 14.7% respectively [1] - Overseas market revenue grew by 10.5% year-on-year, outperforming the industry average [1] Market Performance - North America showed stable operations, while market share in Europe expanded steadily [1] - Southeast Asia experienced growth exceeding 15%, South Asia over 25%, and the Middle East and Africa over 60% [1] Localization Strategy - Haier Smart Home has implemented a differentiated product strategy tailored to local market demands, enhancing its high-end product line in North America through GE Appliances [1] - In Europe, the company introduced energy-efficient products that exceed local energy standards, addressing regional energy cost concerns [1] Service Localization - The company has advanced its "four networks integration" strategy (logistics, information, service, and marketing networks) to improve local market responsiveness and service efficiency [2] - In Europe, Haier Smart Home optimized its logistics network, resulting in increased retail market share for refrigerators and washing machines in key markets [2] Supply Chain Localization - Haier Smart Home has adopted a diversified global supply chain strategy, enhancing local supply chain management [2] - The company increased production capacity in North America and launched a new air conditioning manufacturing base in Thailand, which is set to produce 6 million units annually [2] Industry Trends - The home appliance industry is shifting from a "contract manufacturing + shipping" model to a "local supply + long-term operation" model [2] - The adaptability of companies, organizational capabilities, and long-term strategic abilities will become critical evaluation metrics in the new phase of the industry [2]

Core Insights - The smart home industry is transitioning from single-device intelligence to comprehensive home intelligence, with user experience becoming a key measure of brand value [1] - Haier Smart Home reported a revenue of 234.05 billion yuan for the first three quarters of 2025, a 10% year-on-year increase, and a net profit of 17.37 billion yuan, up 14.7%, marking a historical high [1] - The "Three Wings Bird" platform has over 13 million monthly active users, more than 6,600 ecological resources, and connects over 52 million smart devices [1] Online Strategy - The industry is moving from "device networking" to "scene linkage," with users seeking systems that proactively understand their intentions and provide seamless experiences [2] - The "Three Wings Bird" platform integrates AI into products and scenarios, allowing devices to better understand user needs, such as recommending pizza recipes based on voice commands in the kitchen [2] - A new all-in-one smart home package starting at 3,999 yuan has been launched, lowering the budget barrier for users and simplifying operations through natural voice commands [2] Offline Strategy - User decision-making heavily relies on actual experience, prompting "Three Wings Bird" to enhance offline presence with experiential centers like the recently opened Beijing Boloni Experience Center [3] - The center showcases ten scenarios, providing immersive experiences that convert technological advantages into trustworthy consumer decision-making [3] - A customized platform has been launched to streamline the design process into five self-service steps, allowing users to co-create solutions, with AI generating integrated design plans in three minutes [3] - The platform connects to over 6,600 ecological resources, ensuring that design solutions can be accurately implemented, addressing the industry's "what you see is not what you get" pain point [3]

北京市中伦律师事务所 关于海尔智家股份有限公司 差异化分红事项的 专项法律意见 2025 年 10 月 1 北京市中伦律师事务所 专项法律意见 关会计、审计、验资等专业事项和报告发表意见。本法律意见中对有关审计报告、 验资报告中某些数据和结论的引述，并不意味着本所对这些数据、结论的真实性 和准确性做出任何明示或默示的保证。对于该等数据、报告的内容，本所以及本 所律师并不具备核查和做出评价的适当资格。 本所及经办律师依据《证券法》、《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则》等规定及本法律意见书出具日以前已经 发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则， 进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整，所发 表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承 担相应法律责任。 关于海尔智家股份有限公司 差异化分红事项的 专项法律意见 致：海尔智家股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受海尔智家股份有限公司（以 下简称"海尔智家"或"公司"）的委托，根据《中华人民共和国公司法》（以 下简称《公司法》） ...

Core Viewpoint - Haier Smart Home (600690.SH) announced a share buyback plan, indicating a commitment to enhancing shareholder value through capital return strategies [1] Summary by Categories Share Buyback Details - The buyback period is from April 7, 2025, to the end of October 2025 [1] - A total of 40.4825 million shares have been repurchased, representing 0.431% of the company's total share capital [1] - The highest purchase price was 26.64 CNY per share, while the lowest was 23.60 CNY per share [1] - The total amount spent on the buyback reached 1.017 billion CNY [1]

海尔智家公告称，公司于2025年3月28日开启回购计划，实施期限至2026年3月27日，预计回购1亿-2亿 元用于员工持股计划或股权激励。截至2025年10月底，公司累计回购股份4048.25万股，占总股本的 0.431%，累计已回购金额1.02亿元，实际回购价格区间为23.60-26.64元/股。 ...