FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 海信家電集團股份有限公司 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00921 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 459,589,808 | RMB | | | 1 RMB | | 459,589,808 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 459,589,808 | RMB | | | 1 RMB | | 459,589,808 | | 2. 股份分類 | ...

Core Insights - The report by Zhiyan Consulting highlights the current state and future trends of the refrigerator industry in China from 2025 to 2031 [1] Industry Overview - In July 2025, the production of household freezers in China reached 2.05 million units, marking a year-on-year increase of 2.9% [1] - From January to July 2025, the cumulative production of household freezers was 15.512 million units, reflecting a cumulative decline of 1.3% [1] Companies Mentioned - The report references several companies in the industry, including Midea Group (000333), Haier Smart Home (600690), Aucma (600336), and Hisense Home Appliances (000921) [1]

Interim Report 2025 中期報告 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 3 | | 其他資料 | 33 | | 釋義 | 41 | | 按中國企業會計準則編製的財務報表 | 42 | | 財務報表附註 | 60 | 公司資料 海信家電集團股份有限公司（「本公司」或「公司」，連同其附屬公司「本集團」）主要從事冰箱、家用空調、中央空調、冷櫃、洗衣機、廚房電器 等電器產品以及模具、汽車空調壓縮機及綜合熱管理系統的研發、製造和營銷業務，並提供圍繞家電智能化升級為核心的全場景智慧家庭解 決方案。 中國註冊辦事處 中國廣東省佛山市順德區容桂街道容港路8號 香港辦事處 香港幹諾道西148號成基商業中心3101-3105室 董事會秘書及公司秘書 董事會秘書：張裕欣女士 公司秘書：黃德芳女士 授權代表 高玉玲女士 殷必彤先生 投資者通訊中心 香港中央證券登記有限公司 香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 電話 (852) 2593 5622 (86-757) 2836 2866 傳真 (852) 2802 8085 (86-757) 2836 ...

Market Performance - The market saw an increase last week, with the China Securities Xinhua National Brand Index rising by 1.10% to 2019.88 points [1] - The Shanghai Composite Index rose by 0.21%, the Shenzhen Component Index by 1.06%, the ChiNext Index by 1.96%, and the CSI 300 Index by 1.07% [1] Strong Performing Stocks - Notable strong performers included Hu Silicon Industry, which increased by 19.75%, and Anji Technology, which rose by 19.05% [1] - Other significant gainers included Xinlitai (up 15.81%), Yangguang Power, and Zhongwei Company (both over 14%) [1] Year-to-Date Performance - Since the beginning of the second half of the year, Zhongji Xuchuang has surged by 183.63%, leading the gains [2] - Yangguang Power and Kewo Si have also shown substantial increases of 132.40% and 82.81%, respectively [2] Market Outlook - Starstone Investment suggests that the market's trading sentiment has declined due to risk aversion ahead of the long holiday, but this may indicate that funds are waiting for clearer policy and fundamental information [2] - The overall market remains strong, with no systemic risks identified, and various sectors are expected to present opportunities [2] Sector Rotation - Source Le Sheng Asset notes a clear rotation pattern this year, with sectors such as new consumption, innovative pharmaceuticals, technology, and high-dividend stocks experiencing alternating rises [3] - The investment strategy has been adjusted to reduce the proportion of technology stocks while increasing exposure to the manufacturing sector, focusing on technology, non-ferrous metals, manufacturing, and innovative pharmaceuticals [3]

Group 1 - Hisense Home Appliances has approved a proposal to purchase shares from Hisense Visual Technology to integrate injection molding and stamping businesses, optimize subsidiary business positioning, and enhance internal management efficiency [1] - Hisense Mould intends to acquire a 26.0006% stake in Hisense (Guangdong) Kitchen and Bath Systems Co., Ltd. from Hisense Visual Technology, resulting in Hisense Mould holding 100% of Hisense Kitchen and Bath [1] - The transaction price is based on the assessed market value, with the total equity value of Hisense Kitchen and Bath estimated at RMB 150,503,900, minus dividends already received by Hisense Visual Technology, leading to a final price of RMB 94,290,516.95 [1] Group 2 - The company has approved a proposal to sell non-core manufacturing assets related to television structure components to focus on its main business and optimize asset structure [2] - Hisense Mould and Hisense Kitchen will sell a set of injection and stamping assets to Hisense Visual Technology, with the transaction price set at RMB 140,593,300 based on assessed market value [2] - The transaction aims to enhance asset operation efficiency and does not harm the interests of the company or its shareholders [2] Group 3 - The company has approved a proposal to sell non-core manufacturing assets related to injection molding to focus on its main business and optimize asset structure [3] - Hisense (Guangdong) Moulding Co., Ltd. and Rongsheng Plastic Co., Ltd. will sell a set of injection and stamping assets to Guangdong Hisense Electronics Co., Ltd., with the transaction price set at RMB 14,195,100 based on assessed market value [3] - The transaction is aimed at improving asset operation efficiency and will not adversely affect the company's financial status or operating results [3]

Investment Rating - The report indicates a cautious outlook for the home appliance sector, with the sector underperforming compared to the CSI 300 index, as evidenced by a 0.7% decline in the SWS home appliance index while the CSI 300 rose by 1.1% [3][4]. Core Insights - The report highlights three main investment themes: 1. **White Goods**: The reversal of real estate policies is expected to boost the white goods sector, which is characterized by undervaluation, high dividends, and stable growth. The report anticipates a volume and price increase in the white goods supply chain, recommending companies like Hisense, Midea, Haier, and Gree [3][4]. 2. **Exports**: Companies with significant customer orders, such as Ousheng Electric and Dechang Shares, are expected to see revenue growth driven by overseas demand recovery and new domestic products [3]. 3. **Core Components**: The report notes that the demand for core components in the white goods sector is exceeding expectations, recommending companies like Huaxiang and Shun'an Environment for their competitive advantages and growth potential in thermal management components [3]. Industry Dynamics - Haier's air conditioning industrial park in Thailand has officially commenced production, with an annual planned capacity of 6 million units, making it the largest air conditioning manufacturing base for Chinese brands in Southeast Asia. The facility covers a wide range of air conditioning products and incorporates multiple intelligent production lines [9][56]. - Hisense's HHA smart manufacturing industrial park has begun construction, which is set to be the largest overseas industrial park for Hisense, aiming for completion by 2030. The park will utilize advanced technologies to enhance production efficiency and environmental standards [10][56]. Data Observations - In August, sales of cleaning appliances such as vacuum and washing machines saw significant year-on-year increases, with vacuum sales rising by 45.13% to 275,700 units and sales revenue increasing by 57.96% to 326 million yuan. The average price for vacuum cleaners rose by 8.84% to 1,181 yuan per unit [29][30]. - Conversely, sales of hair dryers declined by 19.04% to 1,160,500 units, with revenue dropping by 22.79% to 27 million yuan. The average price for hair dryers fell by 4.64% to 232.3 yuan per unit [37][38].

Investment Rating - The report maintains a positive outlook on the home appliance sector, highlighting potential investment opportunities in leading companies such as Hisense, Midea, and Gree [2][29]. Core Insights - The home appliance sector underperformed compared to the CSI 300 index, with a decline of 0.7% while the index rose by 1.1% [2][3]. - Key developments include the official launch of Haier's air conditioning industrial park in Thailand, which has an annual planned capacity of 6 million units, making it the largest air conditioning manufacturing base for Chinese brands in Southeast Asia [8][57]. - Hisense's HHA smart manufacturing industrial park has commenced construction, aiming to enhance its presence in Thailand and the ASEAN market [9][58]. - Sales data for August shows a significant increase in the sales volume and revenue of cleaning appliances like vacuum cleaners and floor washers, while sales of hair dryers and electric shavers declined [29][35]. Summary by Sections Industry Dynamics - Haier's Thailand air conditioning industrial park officially started production on September 23, with a capacity of 6 million units annually, covering various air conditioning products [8][57]. - Hisense's HHA smart manufacturing industrial park is set to be the largest overseas facility for the company, with plans for completion by 2030 [9][58]. Sales Data Observations - In August, vacuum cleaner sales increased by 45.13% year-on-year, with revenue rising by 57.96%, while the average price increased by 8.84% to 1181.00 CNY per unit [29][30]. - Floor washer sales also saw a year-on-year increase of 38.07% in volume and 43.66% in revenue, with an average price of 1443.30 CNY per unit [29][31]. - Conversely, hair dryer sales fell by 19.04% in volume and 22.79% in revenue, with an average price decrease of 4.64% to 232.3 CNY per unit [35][36]. - Electric shaver sales increased by 9.79% in volume and 13.11% in revenue, with an average price increase of 3.04% to 206.5 CNY per unit [35][36]. Investment Highlights - The report identifies three main investment themes: 1. White goods sector benefiting from favorable real estate policies and potential for price and volume growth, recommending stocks like Hisense and leading companies such as Midea, Haier, and Gree [2][29]. 2. Export opportunities driven by large customer orders, highlighting companies like Ousheng Electric and Dechang Shares [2][29]. 3. Core components demand exceeding expectations due to the white goods sector's performance, recommending companies like Huaxiang and Shun'an Environment [2][29].

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：000921 股票简称：海信家电 公告编号：2025-063 海信家电集团股份有限公司 第十二届董事会2025年第五次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 （一）会议通知的时间和方式 海信家电集团股份有限公司(「本公司」)第十二届董事会于2025年9月24日以通讯方式向全体董事发出 召开第十二届董事会2025年第五次临时会议的通知。 （二）会议召开的时间、地点和方式 1、会议于2025年9月26日以书面议案方式召开。 2、董事出席会议情况 会议应到董事9人，实到9人。 （三）会议的召开及表决符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事认真审议，会议形成以下决议： （一）审议及批准《关于向海信视像科技股份有限公司购买股权暨关联交易的议案》（董事贾少谦先 生、于芝涛先生、方雪玉女士、代慧忠先生作为关联董事回避表决本项议案，本议案具体内容详见本公 司与本公告同日于巨潮资讯网登载的《关于购买股权、出售资产暨关联交易公告》）。 ...

Group 1 - Hisense Home Appliances announced a conditional equity transfer agreement where its wholly-owned subsidiary, Qingdao Hisense Mould, will acquire a 26.0006% equity stake in Hisense (Guangdong) Kitchen and Bath Systems from Hisense Visual, with a transaction price of RMB 94.2905 million [1] - Following the acquisition, the company's stake in the target company will increase from 73.9994% to 100.00%, and the target company will continue to be a subsidiary, with its financial performance included in the group's financial statements [1] - The acquisition aims to integrate injection molding and stamping businesses, optimize the business positioning of subsidiaries, and enhance internal management synergies [1] Group 2 - On the same date, Qingdao Hisense Mould and the target company signed an asset group transfer agreement I, where Qingdao Hisense Mould and the target company agreed to sell, and Hisense Visual agreed to purchase asset group I for RMB 140.6 million [2] - Asset group I consists of current assets, fixed assets, construction in progress, and current liabilities, primarily used for producing injection molded parts and stamped back panels for televisions [2] - The sale of these assets will help focus on core business development, divest non-core manufacturing assets related to television structure components, and optimize asset structure and operational efficiency [2]

Group 1 - The company Hisense Home Appliances announced a conditional equity transfer agreement where its wholly-owned subsidiary Qingdao Hisense Mould will acquire a 26.0006% equity stake in Hisense (Guangdong) Kitchen and Bath Systems from Hisense Visual, with a transaction price of RMB 94.2905 million [1] - Following the acquisition, the company's stake in the target company will increase from 73.9994% to 100.00%, and the target company will continue to be a subsidiary, with its financial performance included in the group's financial statements [1] - This acquisition aims to integrate injection molding and stamping businesses, optimize the business positioning of its subsidiaries, and enhance internal management synergies [1] Group 2 - On the same date, an asset group transfer agreement was signed involving assets held jointly by Qingdao Hisense Mould and the target company, which includes current assets, fixed assets, construction in progress, and current liabilities, primarily used for producing injection molded parts and stamped back panels for televisions [2] - Another asset group transfer agreement was signed for assets held by Hisense (Guangdong) Mould and Shunde Rongsheng Plastics, with a transaction price of RMB 14.1951 million, focusing on injection molded parts for televisions [2] - The sale of these assets will help the company focus on core business development, divest non-core manufacturing assets related to television assembly structure components, and optimize asset structure to enhance operational efficiency [2]