Core Insights - Haier Smart Home won two prestigious awards at the 2025 High-Quality Development Forum, reflecting strong recognition of its investment value and shareholder return capabilities [1][2] Investment Value - Haier Smart Home demonstrated robust growth resilience in the global market, achieving a revenue of 156.49 billion yuan in the first half of 2025, a year-on-year increase of 10.2%, and a net profit of 12.03 billion yuan, up 15.6% [2] - The company's overseas market revenue grew by 11.66% year-on-year, driven by a "global diversification + localization" strategy, contributing significantly to overall performance [2] Awards and Evaluation Process - The "Most Investment Value Award" was based on six dimensions, extracting 18 key indicators to select 120 winning companies, while the "Golden Bull Company Dividend Return Award" considered total dividends, dividend yield, and frequency, resulting in 60 awardees [3] Shareholder Returns - Haier Smart Home's dividend payout ratio reached 48.01% in 2024, significantly above the market average of 37.78%, with cumulative cash dividends of approximately 37.2 billion yuan since its A-share listing in 1993 [4] - The company's dual approach of value creation and shareholder return sets a benchmark for other listed companies, promoting a healthy ecosystem in the capital market [4]

Core Viewpoint - The integration of corporate social responsibility with business models is essential for companies to gain respect, which in turn can enhance brand influence and market competitiveness, ensuring long-term sustainability [1][3]. Group 1: National Economic Development - The "14th Five-Year Plan" emphasizes focusing on the real economy, promoting intelligent, green, and integrated development, and aims to build a strong manufacturing, quality, aerospace, transportation, and network nation [2]. - The development of the real economy is fundamental to national growth, and companies play a crucial role in advancing commercial civilization and social progress [2]. Group 2: Characteristics of Respected Enterprises - Respected companies are distinguished not only by their successful business operations but also by their social responsibility, corporate culture, and brand value [3]. - The ongoing global business environment changes and increasing public expectations highlight the importance of earning respect over short-term profits for long-term survival [2][3]. Group 3: Expert Recommendations - BYD has been highly recommended by experts for its rapid global expansion and local production strategies, positioning itself among the top four global car manufacturers [9]. - Other companies like Keda Xunfei, Fuyao Glass, Haier Group, JD.com, Weichai Power, New Oriental, and Cambricon have also received expert recognition for their contributions and innovations [9][10][11]. - Experts noted that Keda Xunfei is leading in AI integration across various sectors, while Haier is recognized for its global outreach and commitment to sustainable practices [10][11]. Group 4: Public Perception of Respected Enterprises - The public identifies five key internal qualities for companies to be considered respected: establishing correct values, building a robust management system, continuous innovation, shaping a positive corporate citizen image, and providing high-quality products and services [15][16]. - Companies like Beijing Rural Commercial Bank, JD.com, and McDonald's exemplify these qualities through their commitment to social responsibility and brand value enhancement [16][17]. Group 5: Additional Notable Companies - Other respected companies include Moutai Group, Yili Group, and Nestle China, recognized for their high product quality and low carbon emissions [13]. - Traditional companies like Tongrentang and Li Ning have also been highlighted for their commitment to quality and innovation, contributing to their respected status [18].

智通财经APP讯，海尔智家(06690)发布2025年前三季度业绩，该集团取得营业收入2340.54亿元，同比 增长9.98%;归属于上市公司股东的净利润为173.73亿元，同比增长14.68%。基本每股收益1.89元。 ...

Core Insights - Haier Smart Home (06690.HK) reported a revenue of approximately RMB 77.56 billion for Q3 2025, representing a year-on-year increase of 9.51% [1] - The net profit for the same period was around RMB 5.34 billion, reflecting a year-on-year growth of 12.69% [1] - Basic earnings per share stood at RMB 0.59 [1] Financial Performance - For the first three quarters, the total revenue reached approximately RMB 202.97 billion, marking a year-on-year increase of 9.98% [1] - The net profit for the first three quarters was about RMB 17.37 billion, which is a year-on-year rise of 14.86% [1]

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 2025年第三季度報告 本公告乃海爾智家股份有限公司（「本公司」）根據香港法例第571章《證券及期貨條例》 第XIVA部項下內幕消息條文及香港聯合交易所有限公司證券上市規則第13.09(2)條及 第13.10B作出。 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。 – 2 – 一、主要財務數據 （一） 主要會計數據和財務指標 單位：元 幣種：人民幣 本公司於2025年第三季度之財務數據乃根據中國企業會計準則編製並未經審計。合併 財務報表所載歸屬於母公司所有者的淨利潤及歸屬於母公司所有者權益與該等根據國 際財務報告準則編製的財務資料並無差異。 – 1 – 重要內容提示： 公司董事會及董事、高級管理人員保證季度報告內容的真實、準確、完整，不存在虛假記載、誤 導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 公司負責 ...

Financial Performance - In Q3 2025, the company achieved revenue of CNY 77.56 billion, a year-on-year increase of 9.51%, and a net profit attributable to shareholders of CNY 5.34 billion, up 12.69% compared to the same period last year[5]. - For the first three quarters of 2025, the company reported total revenue of CNY 234.05 billion, with a net profit attributable to shareholders of CNY 17.37 billion, reflecting growth rates of 9.98% and 14.68% respectively compared to the previous year[8]. - The gross margin for the first three quarters of 2025 reached 27.2%, an increase of 0.1 percentage points compared to the same period in 2024[22]. - Net profit for the first three quarters of 2025 was ¥17.84 billion, compared to ¥15.71 billion in 2024, representing a growth of about 13.5%[48]. - The company reported a total comprehensive income of ¥18.44 billion for the first three quarters of 2025, compared to ¥14.24 billion in 2024, marking an increase of about 29%[49]. Market Performance - The Chinese home appliance market saw a decline in retail sales of 3.2% in Q3 2025, while the company’s revenue in the Chinese market grew by 10.8% in the same period[9]. - The company’s high-end brand Casarte experienced a revenue growth of 18%, while the Leader brand saw a 25% increase in revenue during the first three quarters of 2025[9]. - The air and water business in North America saw over 20% year-on-year growth in Q3 2025, driven by new product launches and market expansion[16]. - In Europe, the HVAC business experienced over 30% year-on-year revenue growth in Q3 2025, with market share leading in Italy and Spain[18]. - South Asia's revenue grew over 25% year-on-year in the first three quarters of 2025, with significant brand engagement through local sports sponsorships[20]. Operational Efficiency - The company's gross profit margin improved to 4.63% in Q3 2025, an increase of 0.16 percentage points from the previous year[6]. - The digital inventory model has been implemented in 86% of county-level specialty stores, improving operational efficiency and increasing direct delivery orders from 26% to 74%[12]. - The inventory turnover days improved by 2.6 days to 70.4 days in the first three quarters of 2025, reflecting effective inventory management[26]. - The sales expense ratio for the first three quarters of 2025 was 10.6%, optimized by 0.1 percentage points compared to the same period in 2024[23]. Cash Flow and Investments - The company’s operating cash flow for the first three quarters of 2025 was CNY 17.49 billion, a 21.24% increase compared to the previous year[5]. - The cash inflow from investment activities significantly increased to ¥36.19 billion in 2025, compared to ¥14.27 billion in 2024, marking a growth of 153.5%[52]. - The cash paid for purchasing goods and services in the first three quarters of 2025 was ¥171.84 billion, an increase of 10.3% from ¥155.85 billion in the same period of 2024[51]. - The company reported a net cash outflow from investing activities of CNY 5,605,338,096.76, an improvement from a net outflow of CNY 10,216,384,728.25 in the same period last year[61]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 190,587[35]. - HKSCC NOMINEES LIMITED holds 2,313,404,393 shares, accounting for 24.66% of total shares[35]. - The company has repurchased 40,482,500 A shares, with a total repurchase amount of approximately 1.017 billion RMB[39]. Assets and Liabilities - The asset-liability ratio at the end of Q3 2025 was 56.5%, a decrease of 2.6 percentage points from the end of 2024[30]. - The total liabilities decreased to ¥164.66 billion in 2025 from ¥171.93 billion in 2024, a reduction of about 4.2%[45]. - The total assets increased slightly to ¥291.52 billion in 2025 from ¥290.74 billion in 2024, showing a marginal growth of 0.3%[45]. - The company's total liabilities increased to ¥119.85 billion as of September 30, 2025, compared to ¥71.77 billion at the end of 2024, representing a rise of 67.1%[55]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[63].

Core Viewpoint - The article emphasizes the importance of brand innovation in breaking traditional consumer expectations and enhancing experiences through emotional engagement and diverse offerings [6][10]. Brand Innovation - The "Zhou Tongxue" IP by Juxing Legend has generated over 1 billion yuan in sales through collaborations with over 200 brands across five core sectors, showcasing the commercial value of strong IP [6][7]. - Kudi Coffee has established a global supply chain base exceeding 400,000 square meters, focusing on high-quality Arabica beans and achieving multiple awards at the IIAC International Coffee Tasting Competition [8]. - UR has successfully transformed the fashion experience by integrating live performances with shopping, achieving a transaction volume of 168 million yuan, a 49% year-on-year increase [9]. Technological Advancements - Kohler has introduced the "Bionic Water Control" technology, enhancing shower experiences by addressing common issues like water pressure fluctuations and ensuring efficient water usage [10][11]. - Nintendo's "Drag x Drive" game redefines sports gaming by focusing on inclusivity and innovative control methods, despite some content limitations [11]. - Apple's iPhone Air, with its ultra-thin design and eSIM technology, is set to revolutionize the mobile industry and accelerate the adoption of eSIM in China [12]. Breakthrough Innovations - Deep Seek has emerged in the AI sector, significantly reducing development costs and promoting accessibility in AI technology [13]. - LG's new lithium battery technology addresses dendrite formation, allowing electric vehicles to charge in 12 minutes and achieve a range of 804 kilometers [14]. - Haier's Lead three-tub washing machine caters to diverse laundry needs, reducing wash time by over 50% and responding to consumer demands for efficiency [15][16].

Core Insights - The "2025 (Fourth) Human Settlements Health Conference" was held in Beijing, focusing on creating a new paradigm for healthy living environments through cross-industry collaboration [1][5] - The "Health Home Industry Innovation Alliance" was established to promote innovation in health-oriented home products and services [1][5] Group 1: Event Highlights - Jomoo was awarded the "Top Ten Brands in Human Settlements Health" and the "Recommended Brand for Overseas Health Home Platforms," showcasing its leadership in smart health home technology [3] - The conference emphasized three core areas: urban renewal, construction of "good houses," and the application of health-oriented building materials technology [5] Group 2: Industry Perspectives - Officials from the Ministry of Housing and Urban-Rural Development highlighted the need for a systematic approach to enhance the demand for "good houses" [6] - The president of the China Building Materials Market Association called for a collaborative ecosystem across standards, technology innovation, and market cooperation in the health home industry [6] Group 3: Jomoo's Initiatives - Jomoo launched a nationwide renovation initiative in May, providing a one-stop service platform for home improvement, including rapid product replacement and comprehensive renovation services [8] - The company introduced several innovative health-focused products, such as the i60 smart toilet with self-cleaning technology and the K9 intelligent sink capable of removing pesticide residues [10] Group 4: Technological Advancements - Jomoo pioneered the "AI BATH" scene brand, integrating advanced technologies like AI voice interaction and health monitoring to enhance user experience in smart bathrooms [11] - The company aims to create a harmonious living environment by continuously developing solutions that prioritize user health and well-being [11]

海尔智家10月29日大宗交易平台出现一笔成交，成交量117.75万股，成交金额3014.40万元，大宗交易成 交价为25.60元。该笔交易的买方营业部为中信证券股份有限公司北京天通苑证券营业部，卖方营业部 为中国国际金融股份有限公司北京建国门外大街证券营业部。 （文章来源：证券时报网） 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为7680.51万元。 10月29日海尔智家大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 117.75 | 3014.40 | 25.60 | 0.00 | 中信证券股份有限公司 | 中国国际金融股份有限公司北 | | | | | | 北京天通苑证券营业部 | 京建国门外大街证券营业部 | 证券时报·数据宝统计显示，海尔智家今日收盘价为25.60元，上涨0.20%，日换手率为0.34%，成交额为 5.49亿元，全天主力资金净流入 ...

Core Insights - The air conditioning industry has evolved from "mechanical obedience" to "humanized service," with Haier playing a pivotal role as an "inventor" [1][3] - The launch of the Haier Mairang Comfortable Wind Pro series marks a significant technological leap, featuring UWB human perception radar and WiFi sensing technology, enhancing user comfort through "active perception" [1][3] Innovation Pathway - Haier's innovation strategy is driven by a "dual helix" of user demand for "healthy wind quality" and "comfortable wind sensation," positioning the company at the forefront of industry advancements [3][6] - The introduction of self-cleaning air conditioners in 2015 and subsequent iterations have led to Haier maintaining the top global sales position in this category for seven consecutive years [3][6] - The Mairang Comfortable Wind Pro is recognized as the industry's first air conditioner capable of perceiving breathing, representing a shift from "wind avoiding people" to "wind understanding people" [3][6] Product Evolution - The Mairang Comfortable Wind Pro signifies the transition of air conditioners from "functional machines" to "intelligent entities," incorporating a complete "perception-decision-execution" system [6][9] - The UWB human perception radar enables rapid response and high precision in detecting human movements, covering an extensive area within a living space [6][9] Redefining Human-Machine Relationship - Haier's technological advancements redefine the relationship between users and air conditioners, transforming them from mere machines into intelligent partners that understand user states [8][9] - The "self-adaptive air supply" feature achieves a balance between energy efficiency and user comfort, embodying the vision of "active care" through intelligent decision-making [9] Industry Leadership - Haier's 40-year history in the air conditioning sector reflects a continuous evolution of technology, from the first split air conditioner in 1985 to the latest innovations in heat exchanger technology [9][10] - The company leads in shaping industry standards, having influenced 31 out of 34 major national standards for room air conditioners and participating in international standard development [10] - Haier emphasizes user experience over technical prowess, demonstrating that technology can be intuitive and responsive to user needs [10]