[I. Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company provides its unaudited semi-annual performance forecast for 2025, projecting significant net profit growth but a decline in non-recurring net profit [Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) This section specifies the reporting period covered by the company's semi-annual performance forecast for 2025 - The performance forecast period is from January 1 to June 30, 2025[3](index=3&type=chunk) [Core Financial Indicator Forecast](index=1&type=section&id=(II)%20Performance%20Forecast%20Overview) The company anticipates a substantial increase in net profit attributable to shareholders for H1 2025, while non-recurring net profit is expected to decrease Core Financial Indicators Forecast for H1 2025 | Indicator | Estimated Range (10,000 CNY) | YoY Change (10,000 CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 43,900 - 57,100 | Increase 15,853.41 - 29,053.41 | 56.53% - 103.59% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains/Losses | 13,800 - 18,200 | Decrease 404.26 - 4,804.26 | -2.17% - -25.82% | [Unaudited Performance Forecast](index=2&type=section&id=(III)%20Unaudited%20Performance%20Forecast) The performance forecast data is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant - The current period's performance forecast is unaudited by a certified public accountant[6](index=6&type=chunk) [II. Prior Period Performance Overview](index=2&type=section&id=II.%20Prior%20Period%20Performance%20Overview) This section presents the key financial results for the same period of the previous year, including total profit and earnings per share [Total Profit](index=2&type=section&id=(I)%20Total%20Profit) Discloses total profit, net profit attributable to parent company shareholders, and non-recurring net profit for H1 2024 Key Financial Data for H1 2024 | Indicator | Amount (10,000 CNY) | | :--- | :--- | | Total Profit | 99,845.85 | | Net Profit Attributable to Parent Company Shareholders | 28,046.59 | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains/Losses | 18,604.26 | [Earnings Per Share](index=2&type=section&id=(II)%20Earnings%20Per%20Share) Discloses the basic earnings per share for H1 2024 Earnings Per Share for H1 2024 | Indicator | Amount (CNY/share) | | :--- | :--- | | Earnings Per Share | 0.0608 | [III. Key Reasons for Current Period Performance Changes](index=2&type=section&id=III.%20Key%20Reasons%20for%20Current%20Period%20Performance%20Changes) This section details the primary factors contributing to changes in net profit and non-recurring net profit, along with the company's H2 2025 operating strategy [Net Profit Attributable to Listed Company Shareholders Expected to Increase Significantly YoY](index=2&type=section&id=Net%20Profit%20Attributable%20to%20Listed%20Company%20Shareholders%20Expected%20to%20Increase%20Significantly%20YoY) The significant increase in net profit attributable to listed company shareholders is primarily due to a substantial rise in non-recurring gains and losses - Net profit growth is primarily driven by a significant increase in non-recurring gains and losses, specifically due to the increased fair value of the invested company, Sichuan Huafeng Technology Co., Ltd[9](index=9&type=chunk) [Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains/Losses Expected to Decline YoY](index=2&type=section&id=Net%20Profit%20Attributable%20to%20Parent%20Company%20Shareholders%20Excluding%20Non-Recurring%20Gains%2FLosses%20Expected%20to%20Decline%20YoY) The decline in non-recurring net profit is mainly attributed to reduced profitability in real estate and lower gross margins in the home appliance business - Real estate business profit decreased year-over-year due to cyclical revenue recognition, a sustained market downturn, and a 'price-for-volume' strategy, leading to reduced project selling prices and narrower gross profit margins[9](index=9&type=chunk) - Home appliance business experienced a decline in gross profit margins for some domestic products due to factors such as overseas regional conflicts, changes in tariff policies, and intensified industry competition[9](index=9&type=chunk) [H2 2025 Operating Strategy Amidst Complex Environment](index=2&type=section&id=H2%202025%20Operating%20Strategy%20Amidst%20Complex%20Environment) The company plans to maintain strategic focus in H2 2025, prioritizing user-centricity, strengthening core competitiveness, optimizing operations, and fostering new growth drivers - In H2 2025, the company will maintain strategic focus, remain user-centric, and continuously build core competitiveness[9](index=9&type=chunk) - Adhering to the operating principle of 'addressing risks to seize opportunities, strengthening foundations to improve efficiency, and integrating innovation for development'[9](index=9&type=chunk) - Continuously enhancing the competitive advantages of key industries, further optimizing operational efficiency, accelerating the cultivation of new growth drivers, and promoting high-quality sustainable development[9](index=9&type=chunk) [IV. Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) This section provides risk warnings regarding the preliminary nature of the performance forecast and other important explanatory notes for investors [Performance Forecast Risk and Preliminary Data](index=2&type=section&id=Performance%20Forecast%20Risk%20and%20Preliminary%20Data) The performance forecast data is a preliminary estimate by the company's finance department and has not been audited, thus investors should be aware of investment risks - The financial data related to this performance forecast is preliminary, based on the company's finance department's professional judgment, and has not been audited by a certified public accountant[10](index=10&type=chunk) - As of the disclosure date of this announcement, the company has not identified any significant uncertainties affecting the accuracy of this performance forecast[10](index=10&type=chunk) [Other Explanatory Notes](index=2&type=section&id=V.%20Other%20Explanatory%20Notes) The company reminds investors that forecast data is preliminary, and final financial figures will be based on the official semi-annual report, urging caution regarding investment risks - The above forecast data is preliminary, and the specific accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[12](index=12&type=chunk) - Investors are kindly requested to pay attention to investment risks[12](index=12&type=chunk)

证券代码：600839 证券简称：四川长虹 公告编号：临 2025-056 号 四川长虹电器股份有限公司 关于 2024 年年度权益分派实施后 调整回购股份价格上限的公告 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： 回购价格上限调整起始日：2025 年 7 月 18 日（2024 年年度权益分派除 权除息日） 根据公司《关于以集中竞价交易方式回购公司股份的回购报告书》，若公司 在回购实施期限内发生派息、送股、资本公积转增股本等除权除息事项，自股价 除权除息之日起，按照中国证监会及上海证券交易所的相关规定相应调整回购价 格。 三、本次调整回购股份价格上限的具体情况 截至本公告披露日，公司暂未实施股份回购。公司本次以集中竞价交易方式 回购股份价格上限由不超过人民币 14 元/股调整为不超过人民币 13.95 元/股， 调整后的回购价格上限于 2025 年 7 月 18 日（本次权益分派的除权除息日）生效。 具体的价格调整计算如下： 一、回购股份的基本情况 四川长虹电器股份有限公司（以下简称"公司"或"四川长虹" ...

证券代码：600839 证券简称：四川长虹 公告编号：临 2025-059 号 四川长虹电器股份有限公司 关于公司下属控股子公司涉及诉讼的进展公告 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： ●案件所处的诉讼阶段：二审已受理 ●四川长虹电器股份有限公司（以下简称"公司"或"四川长虹"）下属公 司在案件中的当事人地位：被上诉人（原审原告） ●案件的涉案金额（上诉人主张）：撤销或改判一审判决判项一中对资金占 用的损失认定；不承担一审的部分诉讼费；不承担二审诉讼费。 ●是否会对上市公司损益产生负面影响：截至本公告日，本次诉讼案件处于 二审阶段，暂未确定开庭时间，后续案件的判决及执行结果尚存在不确定性，暂 无法预计本案对公司及下属公司四川长虹佳华数字技术有限公司（以下简称"佳 华数字"）本期利润或期后利润的影响。公司及佳华数字将依法主张自身合法权 益，积极采取相关法律措施，维护公司、佳华数字及广大投资者的合法权益。敬 请广大投资者理性投资，注意投资风险。 公司下属上市子公司长虹佳华控股有限公司（股票代码：03991 ...

智通财经7月10日电，四川长虹(600839.SH)发布2025年半年度业绩预告，预计归属于上市公司股东的净 利润为4.39亿元-5.71亿元，同比增长56.53%-103.59%。净利润增长主要因非经常性损益大幅增加，而扣 非净利润下降主要受房地产市场下行、家电业务毛利率下滑等因素影响。 四川长虹：半年度净利同比预增57%-104% ...

Core Viewpoint - China Chengxin International has assigned an "AA+" rating to Sichuan Changhong Electric Holding Group Co., Ltd, highlighting its strong position in the home appliance industry and potential challenges ahead [1][2]. Group 1: Company Overview - Sichuan Changhong Electric Holding Group Co., Ltd, originally known as Sichuan Changhong Electronic Group Co., Ltd, was restructured in June 1995 and renamed in June 2015 [2]. - The company has evolved into a diversified multinational enterprise with business segments including home appliances, IT, communications, military industry, and new energy [2]. - As of 2024, the company achieved a total operating revenue of 111.503 billion yuan [2]. Group 2: Rating and Strengths - The "AA+" rating reflects the company's comprehensive layout in the home appliance industry, high degree of business diversification, strong technical reserves, and brand influence in the terminal field [1]. - The company leads globally in compressor sales and technology, and has made significant contributions to the industrial development and tax revenue of Mianyang City, indicating strong government support [1]. Group 3: Challenges and Risks - The company faces challenges such as low profitability in its main business, intense competition in the home appliance industry, and complex global trade policies affecting business expansion [1]. - Additional concerns include a slowdown in accounts receivable turnover, risks related to customer payments, asset and credit impairment, and the need to reduce financial leverage [1].

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]