Core Viewpoint - The air conditioning market in China is experiencing a significant surge in sales due to extreme heat, with various companies reporting record sales and installation numbers. However, there are concerns about potential demand exhaustion and price competition in the future [1][5][6]. Group 1: Domestic Market Dynamics - The air conditioning sales have seen a dramatic increase, with some brands reporting sales volumes doubling compared to previous years due to high temperatures [2][3]. - Companies like Hisense and Midea are operating at full production capacity, with Midea achieving a record installation rate of 245,000 units in a single day [4][1]. - The introduction of government subsidies has further stimulated demand, with companies like Sichuan Changhong reporting a 20.9% increase in offline sales from January to June [5][6]. Group 2: Price Competition and Market Challenges - There is a notable decline in prices, with online air conditioning prices dropping by 9.12% year-on-year, leading to increased competition and uncertainty in the market [6][7]. - Companies are facing challenges with inventory management due to fluctuating prices, which has resulted in a shortage of stock to meet the sudden surge in demand [7][6]. - Analysts warn that the current high growth rates may not be sustainable without continued government support and that the market may revert to more stable growth patterns [5][6]. Group 3: International Market Opportunities - The European market is witnessing a shift in consumer behavior towards air conditioning, driven by extreme heat, with Chinese brands like Midea and Gree reporting significant sales increases [8][9]. - Midea's air conditioning sales in Europe grew by 35% in the first half of the year, with some products selling out due to high demand [8][9]. - The potential for future exports remains strong, with projections indicating that the number of air conditioning units in the EU could more than double by 2050, presenting a significant opportunity for Chinese manufacturers [9][10].

Core Viewpoint - Sichuan Changhong Electric Co., Ltd. plans to repurchase its shares through a centralized bidding method, with a total repurchase fund of no less than RMB 250 million and no more than RMB 500 million, aimed at enhancing investor confidence and optimizing corporate governance [1][2][4]. Summary by Sections Repurchase Plan Overview - Total repurchase amount: RMB 250 million to RMB 500 million [1][4]. - Source of funds: Company’s own funds and a special loan for stock repurchase [1][7]. - Purpose of repurchase: For equity incentives [1][4]. - Maximum repurchase price: Not exceeding RMB 14 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][7]. Implementation Details - Repurchase method: Centralized bidding trading method [2][4]. - Repurchase period: From June 26, 2025, to June 25, 2026 [4][6]. - Estimated number of shares to be repurchased: Between 17,857,143 and 35,714,286 shares, accounting for 0.39% to 0.77% of the total share capital [4][6]. Financial Impact - The repurchase funds will account for approximately 0.25% to 0.50% of the company's total assets and 1.71% to 3.41% of the net assets attributable to shareholders [8]. - The company believes that the repurchase will not adversely affect its ongoing operations or financial capabilities [8]. Governance and Compliance - The board of directors has authorized the management to handle the repurchase within the approved framework [11]. - There are no plans for share reduction by major shareholders or executives in the next three to six months [2][10]. Future Adjustments - If the company undergoes significant changes such as capital increases or stock dividends, the repurchase quantity and price will be adjusted accordingly [6][7]. - Unused repurchased shares will be canceled if not utilized within 36 months after the repurchase [12].

证券代码：600839 证券简称：四川长虹 公告编号：临 2025-054 号 四川长虹电器股份有限公司 关于以集中竞价交易方式回购公司股份的回购报告书 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份金额：本次回购资金总额不低于人民币 25,000 万元（含）且不超 过人民币 50,000 万元（含），具体回购资金总额以回购期限届满时实际回购股份使 用的资金总额为准。 ● 回购股份资金来源：四川长虹电器股份有限公司（以下简称"四川长虹" 或"公司"）自有资金及股票回购专项贷款资金。公司已取得中国邮政储蓄银行股 份有限公司绵阳市分行出具的《贷款承诺函》，贷款将专项用于回购公司 A 股股份， 贷款具体事宜以双方正式签署的借款合同为准。 ● 回购股份用途：用于股权激励。 ● 回购股份价格：不超过人民币 14 元/股，该价格不高于公司董事会审议通过 回购股份决议前 30 个交易日公司股票交易均价的 150%。 ● 回购股份方式：集中竞价交易方式。 ● 回购股份期限：自公司股东会审议通过本次回购方案之日 ...

Core Viewpoint - The article emphasizes the transformation of Changhong Group towards a green development model, integrating digitalization and ESG management to achieve energy conservation and carbon reduction in manufacturing [1][5][14]. Group 1: Digital Transformation and Energy Management - Changhong Energy Power Center utilizes digital transformation for energy and carbon management, enabling precise monitoring of energy consumption anomalies [1]. - The company implements a "strategic planning - technological innovation - full-chain collaboration" model to navigate energy conservation and carbon reduction [1]. Group 2: ESG Management System - Changhong has established a comprehensive ESG management system that integrates strategy, governance, execution, and disclosure, with the board of directors overseeing ESG operations [5][6]. - The company’s green development strategy includes a focus on "green recycling and resource regeneration," supported by a smart recycling system covering 15 cities and 200 collection points [6]. Group 3: Technological Innovations - The company employs thousands of sensors in its smart manufacturing park to monitor energy efficiency, enabling a shift towards automated management and data-driven decision-making [9]. - Significant improvements in energy efficiency have been achieved, such as a 50% reduction in water usage in automated processes and a 39% increase in transmission efficiency from hydraulic motor upgrades [10][11]. Group 4: Circular Economy and Resource Reuse - Changhong's circular economy model integrates product lifecycle management, from design to recycling, achieving both environmental and economic benefits [13]. - The company aims to establish five national-level green factories and twelve provincial-level green factories by 2027, with a long-term goal of carbon neutrality by 2049 [14]. Group 5: Achievements and Future Goals - The company has reported a 0.09% decrease in annual comprehensive energy consumption intensity and a 7.94% reduction in greenhouse gas emissions intensity [6]. - Changhong plans to leverage the upcoming Chengdu World Sports Games to enhance its carbon reduction efforts and market carbon asset operations [14].

Group 1 - The company announced a share repurchase plan with a total expected amount between RMB 250 million and RMB 500 million [1] - The repurchase period is set from June 26, 2025, to June 25, 2026 [1] - The repurchased shares will be used for employee stock ownership plans or equity incentives [1] Group 2 - As of June 30, 2025, the company has not yet initiated the share repurchase due to the ongoing process of opening a dedicated securities account [2] - The company will comply with relevant regulations and disclose the progress of the share repurchase on a monthly basis [2]

四川长虹电器股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 证券代码：600839 证券简称：四川长虹 公告编号：临 2025-053 号 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，回购期间公司应当在每个月的前 3 个交易日内披 露截至上月末的回购进展情况。公司回购股份的进展情况如下： 截至 2025 年 6 月 30 日，公司尚在进行回购专用证券账户的开立，暂未实施 股份回购。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 | 回购方案首次披露日 | 2025/5/9 | | | | | | | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - Sichuan Changhong has announced a share repurchase plan with a total fund amounting to no less than RMB 250 million and no more than RMB 500 million, with a maximum repurchase price of RMB 14 per share, intended for equity incentives. As of June 30, 2025, the company has not yet implemented the share repurchase [1]. Summary by Relevant Sections - **Repurchase Plan Details** - Total repurchase fund is set between RMB 250 million and RMB 500 million [1] - Maximum repurchase price is capped at RMB 14 per share [1] - The purpose of the repurchase is to implement equity incentives [1] - **Implementation Timeline** - The implementation period for the repurchase is within 12 months from the approval date by the company's shareholders [1] - As of June 30, 2025, the company is still in the process of opening a dedicated securities account for the repurchase [1]

每经记者｜胥帅 每经编辑｜陈俊杰 2024年，四川长虹抓住国内"以旧换新"国补政策机遇，拥抱AI（人工智能）前沿技术，不断提升产品 力、市场力和服务力。同时，公司在海外加强渠道开拓，推动国内外业务协同。作为四川长虹最大的业 务板块，其家电业务2024年营收占比高达43.49%，实现营收450.92亿元，同比增长15.29%，增速亮眼。 在行业竞争激烈的背景下，这一成绩充分彰显了长虹在智慧家居领域的实力与增长韧性。 以电视业务为例，2024年，四川长虹以AI技术革新为引擎，电视业务实现收入约160.37亿元，同比增长 约10.27%。在国内，四川长虹旗下云帆AI大模型率先成为四川省首个通过国家网信办备案的大模型平 台，为长虹电视业务注入强大"AI"动力。2024年9月，四川长虹全球首发的AI TV——Q10T MAX搭 载"沧海智能体"，以自然流畅的人机交互体验引领智能视听新时代。 2024年，四川长虹营业收入首次突破千亿元大关，达到1036.91亿元，同比增长6.40%。这一成就标志着 长虹作为中国制造业巨头的体量地位。 然而，2024年归属于上市公司股东的净利润为7.04亿元，同比增长2.30%，公司的盈利 ...

Core Viewpoint - Sichuan Changhong's 2024 annual shareholder meeting highlighted the company's recovery in core business demand, driven by government policies and improved market conditions, with all proposed resolutions approved unanimously by shareholders [2][3]. Financial Performance - In 2024, Sichuan Changhong achieved approximately 103.7 billion yuan in revenue, a 6.4% increase year-on-year, and a net profit exceeding 700 million yuan, up 2.3% year-on-year [3]. - The company's core appliance business generated revenue of 45.09 billion yuan, reflecting a 15.29% year-on-year growth [3]. - The television segment produced about 16.54 million units, with sales of approximately 16.30 million units, resulting in revenue of around 16.04 billion yuan, a 10.27% increase [3]. - The refrigerator segment produced 8.97 million units, achieving revenue of 10.19 billion yuan, a 5.53% increase [3]. - The air conditioning segment saw production of 12.43 million units, with revenue of 15.55 billion yuan, a 33.23% increase [3]. - The washing machine segment's production increased by 30.99%, generating revenue of 1.91 billion yuan, up over 32% [3]. Strategic Initiatives - Sichuan Changhong is leveraging AI technologies and government subsidies to enhance product and market capabilities, achieving over 20% improvement in production efficiency [4]. - The company is expanding into the electric vehicle compressor market, focusing on core product development, with production in general equipment manufacturing reaching 86.11 million units, a nearly 17% increase, and revenue exceeding 10.11 billion yuan, up 14.2% [4]. - The ICT service segment, under Changhong Jiahua, reported revenue of approximately 36.88 billion yuan, an 8.28% increase, driven by investments in AI and cloud computing [4]. Market Outlook - Sichuan Changhong acknowledges the need for cautious observation regarding the sustainability of market recovery, influenced by policy effects and consumer confidence [5]. - The company plans to navigate the complex macroeconomic environment and competitive market landscape by focusing on user-centric strategies and enhancing core competitive capabilities [5]. - For 2025, Sichuan Changhong aims to capitalize on domestic policy opportunities while addressing challenges posed by de-globalization, adhering to a strategy of risk management and innovation for development [5].

本次会议是否有否决议案：无 证券代码：600839 证券简称：四川长虹 公告编号：临 2025-052 号 四川长虹电器股份有限公司 2024年年度股东大会决议公告 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： (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席9人（含通讯方式）。 2、公司在任监事5人，出席5人。 3、董事会秘书赵其林先生出席了会议；副总经理吴定刚先生、副总经理张 英女士、财务总监茆海云女士列席了会议。 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 6 月 26 日 (二)股东大会召开的地点：四川省绵阳市高新区绵兴东路 35 号公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 9,271 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,177,869,876 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 25.5157 ...