海信家电集团股份有限公司 市值管理制度 （经第十二届董事会 2025 年第一次会议审议通过） 第一章 总则 第一条 为加强上市公司市值管理工作，进一步规范海信家电集团股份有限 公司（以下简称"公司"）的市值管理行为，维护公司、投资者及其他利益相关 者的合法权益，积极响应《国务院关于进一步促进资本市场健康发展的若干意见》 中关于鼓励上市公司建立市值管理制度的号召，根据《中华人民共和国公司法》 《中华人民共和国证券法》《深圳证券交易所股票上市规则》《深圳证券交易所 上市公司自律监管指引第 1 号——主板上市公司规范运作》《上市公司监管指引 第 10 号——市值管理》及其他有关法律法规，制订本制度。 第二条 本制度所指市值管理，是指公司以提高公司质量为基础，为提升公 司投资价值和股东回报能力而实施的战略管理行为。 第三条 市值管理是公司的战略管理的重要内容，只要公司持续经营，就应 持续保障市值管理工作的开展，市值管理是董事会的核心工作内容之一。 第二章 市值管理的目的与基本原则 第四条 市值管理主要目的是通过推动经营水平和发展质量提升，增强信息 披露的质量和透明度，推动公司投资价值合理反映上市公司质量。同时，利用资 ...

海信家电集团股份有限公司 董事会关于独立董事独立性情况的专项意见 根据《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳证券交 易所上市公司自律监管指引第 1 号—主板上市公司规范运作》《香港联合交易所有限公 司证券上市规则》等要求，海信家电集团股份有限公司(「本公司」)董事会就本公司在 任独立董事李志刚、蔡荣星、徐国君的独立性情况进行评估并出具如下专项意见： 本公司董事会认为独立董事李志刚、蔡荣星、徐国君未在本公司担任除独立董事以 外的任何职务，也未在本公司主要股东公司担任任何职务，与本公司以及主要股东之间 不存在利害关系或其他可能妨碍其进行独立客观判断的关系，不存在影响独立董事独立 性的情况，符合《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》《香港联合交易所有限公司证券上市规则》中对 独立董事独立性的相关要求。 海信家电集团股份有限公司董事会 2025 年 3 月 28 日 1 ...

（一）基本情况 蔡荣星先生，美国加州国际大学荣誉博士学位，历任启星投资有限公司董事， 启星实业(国际)有限公司董事。现任常州启发鞋业有限公司、常州启辰投资有限 公司、应星控股集团有限公司执行董事，合诚有限公司董事，莆田启明鞋业有限 公司监事，公司独立非执行董事。 海信家电集团股份有限公司 独立非执行董事 2024 年度述职报告 作为海信家电集团股份有限公司(「公司」)的独立非执行董事，2024 年度， 本人严格按照《公司法》《证券法》《上市公司独立董事管理办法》等相关法律 法规和制度规定，以及公司《公司章程》、公司《独立非执行董事工作制度》、 公司《独立非执行董事年报工作制度》的相关规定，忠实履行职责，对董事会各 项议案认真审议并对相关事项发表专项意见，充分发挥独立非执行董事的独立作 用，促进了公司的规范运作，维护了公司整体利益和全体股东尤其是中小股东的 合法权益。现将有关工作情况报告如下： 一、独立非执行董事的基本情况 （二）独立性情况 本人不在海信家电担任除董事外的其他职务，与海信家电及其主要股东不存 在直接或者间接利害关系，或者其他可能影响其进行独立客观判断关系；独立履 行职责，不受海信家电及其主要股东 ...

海信家电集团股份有限公司 独立非执行董事 2024 年度述职报告 作为海信家电集团股份有限公司(「公司」)的独立非执行董事，2024 年度， 本人严格按照《公司法》《证券法》《上市公司独立董事管理办法》等相关法律 法规和制度规定，以及公司《公司章程》、公司《独立非执行董事工作制度》、 公司《独立非执行董事年报工作制度》的相关规定，忠实履行职责，对董事会各 项议案认真审议并对相关事项发表专项意见，充分发挥独立非执行董事的独立作 用，促进了公司的规范运作，维护了公司整体利益和全体股东尤其是中小股东的 合法权益。现将有关工作情况报告如下： 一、独立非执行董事的基本情况 （一）基本情况 徐国君，中国人民大学经济学（会计学）博士，非执业注册会计师。历任青 岛国信发展（集团）有限责任公司总会计师、副总经理、总经理及董事；中国海 洋大学会计学教授、博士生导师及人本价值管理研究所所长（已退休）；青岛双 星股份有限公司独立董事（股票代码：000599）；中电科思仪科技股份有限公司 独立董事；青岛青铁金汇控股有限公司外部董事；青岛英派斯健康科技股份有限 公司独立董事（股票代码：002899）等。现任百洋产业投资集团股份有限公司独 ...

Financial Performance - In 2024, Hisense achieved a revenue of 92.746 billion RMB, representing a year-on-year growth of 8.35%[12] - The net profit attributable to shareholders reached 3.348 billion RMB, with a growth rate of 17.99%[12] - The compound annual growth rate (CAGR) for revenue over the past decade was 16%, while the CAGR for net profit was 21%[12] - Hisense Home Appliances reported a revenue of ¥92.75 billion in 2024, an increase of 8.35% compared to ¥85.60 billion in 2023[29] - The net profit attributable to shareholders reached ¥3.35 billion in 2024, reflecting a growth of 17.99% from ¥2.84 billion in 2023[29] - The basic earnings per share increased to ¥2.46 in 2024, up 18.27% from ¥2.08 in 2023[29] - The total operating revenue for 2024 reached ¥92.75 billion, an increase of 8.35% compared to ¥85.60 billion in 2023[100] - The manufacturing sector contributed ¥83.62 billion, accounting for 90.16% of total revenue, with a year-on-year growth of 8.66%[100] - The HVAC segment generated ¥40.28 billion, representing 43.43% of total revenue, with a growth of 4.22% year-on-year[100] - Overseas revenue increased significantly by 27.59% to ¥35.63 billion, while domestic revenue decreased by 2.12% to ¥47.99 billion[100] Dividend and Shareholder Returns - The company implemented a cash dividend of 12.30 RMB per 10 shares, based on a total share capital of 1,385,264,498 shares[3] - The company plans to increase the dividend per share to ¥1.23 in 2024, a year-on-year increase of 21.4%[21] - The company has cumulatively distributed approximately ¥5.05 billion in dividends to shareholders over the past ten years[21] - The company has returned approximately 5.05 billion yuan to minority shareholders over the past decade, increasing the dividend payout ratio from 30% to 50% in 2022[162] - The company has repurchased A-shares worth 550 million yuan by 2024 to support employee stock ownership plans, reinforcing long-term incentives[162] Market Expansion and Sales Growth - Overseas revenue exceeded 35.6 billion RMB, marking a 28% increase year-on-year, with the market share of Hisense refrigerators in Europe reaching 10.3% and in South Africa surpassing 34%[17] - The home air conditioning business achieved online and offline retail sales growth of 10.8% and 21.2% respectively in 2024, surpassing industry growth rates[53] - Hisense's refrigerator retail sales increased by 21% year-on-year in 2024, with market share rising by 0.8 percentage points[58] - In 2024, the overseas white goods revenue of the company increased by 36% year-on-year, with improved sales structure and profitability[74] - In the European region, the white goods business revenue grew by 35% year-on-year, with refrigerator sales up by 23% and market share increasing by 2.3 percentage points to 10.3%[75] - In the Americas, the appliance revenue surged by 46.5% year-on-year, with refrigerator sales increasing by 70.7% and washing machine revenue up by 70%[76] - The Middle East and Africa region saw a revenue increase of 27% year-on-year, with refrigerator sales growing by 19.7% and air conditioning revenue up by 27%[77][78] - The Asia-Pacific region's revenue grew by 15% year-on-year, focusing on air conditioning, washing machines, and kitchen appliances[79] - The ASEAN region's revenue increased by 32% year-on-year, with air conditioning revenue up by 45% and washing machine revenue growing by 58.2%[80] Innovation and Technology Development - The company launched a new air conditioning product, the "AI Air Butler," which focuses on personalized indoor air quality, achieving the highest sales and revenue in the industry[14] - Hisense's digital transformation efforts led to a 37.59% reduction in material numbers and a 25.8% decrease in order fulfillment cycle time[18] - The "ECO-B Smart Building System" was developed to enhance green and intelligent living environments[15] - Hisense's Yellow Island factory was recognized as a global "Lighthouse Factory," being the first in the world for multi-connected central air conditioning[20] - The company committed to achieving carbon peak by 2026 and carbon neutrality by 2050, aligning with national dual carbon strategies[20] - The company continues to focus on technology innovation, establishing multiple research centers and achieving breakthroughs in low-carbon, intelligent, and health-oriented technologies[86] - The company achieved a 36% energy efficiency improvement in air conditioning systems through innovative technologies, including precise temperature control and a wide operating temperature range from -36℃ to 66℃[88] - In the refrigerator segment, the company introduced a vacuum magnetic field preservation technology that maintains fresh meat for up to 7 days, while achieving a 30% increase in overall energy efficiency to meet European A-level standards[89] Corporate Governance and Management - The company has implemented 22 leadership principles to enhance the strategic execution capabilities of its management team[97] - The company aims to build a world-class enterprise and brand, driving organizational transformation and employee growth[98] - The company is focusing on enhancing its governance structure with the appointment of new independent directors and financial leadership[171] - The financial head, Sun Changchun, has a background as a senior accountant, indicating a strong focus on financial management[178] - The company is actively restructuring its board to align with strategic goals and improve oversight[171] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,968.80 million[186] - The chairman, Gao Yuling, received a pre-tax remuneration of CNY 235.66 million[186] - The president and director, Hu Jianrong, received a pre-tax remuneration of CNY 406.13 million[186] Strategic Initiatives and Future Plans - The company aims to achieve a sustainable and healthy development by advancing its green and low-carbon transformation initiatives[140] - The company plans to implement stock incentive and employee shareholding programs to align the interests of stakeholders and improve operational performance[147] - The company is focusing on expanding its market presence and enhancing product development strategies[195] - The company is set to appoint a new auditing firm for the 2024 fiscal year[196] - The company is revising its articles of association and shareholder meeting rules[196] - The company plans to conduct a risk assessment report for financial business deposits at Hisense Group Financial Co., Ltd.[198] Challenges and Risks - The company recognizes risks such as macroeconomic fluctuations, rising costs, and trade protectionism that could impact its operations and profitability[140]

在 2024 年度的审计工作中，信永中和遵循独立、客观、公正、公允的原则，较好完 成了公司 2024 年度财务报告及内部控制报告的审计工作，表现了良好的职业操守和业务 素质，本公司支付给信永中和的财务报表审计费为人民币 210 万元、内部控制审计费为 人民币 90 万元，相关业务及差旅费用由本公司承担。 为保持审计工作的连续性与稳定性，结合本公司未来业务发展和审计需要，经综合 考虑，本公司拟继续聘请信永中和担任本公司 2025 年度审计机构，负责审计本公司 2025 年度财务报告以及内部控制。 本事项尚需提交本公司股东大会审议通过。 证券代码：000921 证券简称：海信家电 公告编号：2025-014 海信家电集团股份有限公司 关于拟续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 海信家电集团股份有限公司(「本公司」)于 2025 年 3 月 28 日召开第十二届董事会 2025 年第一次会议，审议通过了《关于续聘信永中和会计师事务所（特殊普通合伙）担 任本公司 2025 年度审计机构的议案》，本公司董事会同意继续聘请信永中和会计师事 ...

Financial Performance - The total operating revenue for the year 2024 reached RMB 92.75 billion, an increase of 8.5% compared to RMB 85.60 billion in 2023[7]. - The total operating costs for 2024 were RMB 88.81 billion, up from RMB 81.46 billion in 2023, reflecting a growth of 9.5%[7]. - The net profit attributable to the parent company for 2024 was RMB 11.30 billion, up from RMB 9.36 billion in 2023, showing a growth of 20.8%[6]. - Operating profit for the period was RMB 5,679,142,269.33, an increase from RMB 5,248,016,394.49 in the previous period, representing a growth of approximately 8.2%[8]. - Total profit amounted to RMB 5,966,389,023.89, compared to RMB 5,684,557,420.82 in the prior period, reflecting an increase of about 5.0%[8]. - The net profit attributable to shareholders of the parent company reached RMB 3,347,881,773.89, up from RMB 2,837,322,754.58, indicating a growth of approximately 18.0%[9]. - Basic and diluted earnings per share were both RMB 2.46, compared to RMB 2.08 in the previous period, marking an increase of around 18.3%[9]. - The total comprehensive income attributable to the parent company's owners was RMB 3,321,630,998.81, compared to RMB 2,943,053,128.82, showing an increase of about 12.8%[9]. - The company reported a decrease in other comprehensive income after tax, with a net amount of RMB -10,567,861.70 compared to RMB 107,901,029.90 in the previous period[9]. - The net profit for the year was RMB 5.97 billion, a rise from RMB 5.68 billion in 2023, indicating a growth of 5.1%[17]. - The company's total assets increased by 5.69% year-on-year to approximately RMB 69.70 billion by the end of 2024[6]. - The company's debt-to-asset ratio increased to 72.20% as of December 31, 2024, compared to 70.59% in 2023[117]. Research and Development - Research and development expenses increased significantly to RMB 3.45 billion in 2024, compared to RMB 2.78 billion in 2023, marking a rise of 24%[7]. - The company aims to enhance product competitiveness through breakthroughs in core technologies and innovative design[109]. - The company is committed to a digital transformation of its manufacturing processes, utilizing AI to enhance smart manufacturing capabilities and reduce costs[111]. Market Expansion and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[7]. - The company aims to enhance profitability by aggressively developing overseas markets and leveraging its resources, including overseas R&D centers and talent support[110]. - The company plans to strengthen its brand and marketing capabilities to boost domestic sales, particularly through sponsorship of the World Cup, aiming to increase market share in mid-to-high-end products[110]. - The company is focused on expanding its international marketing efforts through Hisense International Marketing Co., Ltd.[126]. Product Performance and Innovation - The company is engaged in the research, manufacturing, and marketing of various home appliances, including refrigerators and air conditioning systems, indicating a focus on product innovation and market expansion[12]. - Hisense's new air conditioning products achieved the highest sales volume and revenue in the industry for 2024, with the C3 series leading the market[61]. - The washing machine segment achieved a global shipment ranking of third in China and the fastest growth among the top 10 brands[69]. - Hisense's kitchen appliance business achieved a year-on-year growth of 72%, with high-end product sales increasing by 110%[71]. - The "Brilliant" high-end series saw a year-on-year growth of 52%, with a 120% increase driven by the trade-in policy[76]. Financial Management and Risks - The company faces risks from macroeconomic fluctuations, rising costs, currency exchange rate volatility, and trade protectionism, which could impact demand and profitability[112]. - The company has implemented financial instruments to hedge against currency exchange rate risks associated with foreign currency transactions[115]. Dividend and Shareholder Information - The board proposed a cash dividend of RMB 12.30 per 10 shares, subject to approval at the 2024 annual general meeting, with a total distribution of approximately RMB 1,703,875,332.54[113][114]. - Hisense achieved a significant market presence with approximately 37.28% of shares held by Hisense Air Conditioning[126].

Summary of Key Points from Conference Call Industry Overview - The conference call primarily discusses the **apparel and home textile industry** in China, with a focus on retail performance and emerging trends in consumer behavior [2][4][6]. Core Insights and Arguments - **Retail Performance**: In January-February 2025, retail sales of clothing, shoes, and textiles from key enterprises increased by **3.3% year-on-year**, showing improvement compared to declines of **4.5%** in November 2024 and **0.3%** in December 2024. This indicates a recovery in the apparel and home textile consumption [2][3]. - **Online vs. Offline Sales**: Offline retail is outperforming online sales, suggesting a shift in consumer preference towards physical shopping experiences [2]. - **Children's Apparel Market**: The introduction of child-rearing subsidies in Hohhot is expected to positively impact the children's clothing market, with approximately **33 provinces and cities** implementing similar policies. In 2021, clothing and footwear accounted for **26%** of the maternal and infant consumption market, indicating significant growth potential in children's apparel [6]. - **Discount Retail Sector**: The discount retail sector is thriving, with strategic partnerships, such as that between **Hailan Home** and **JD.com**, expected to drive growth. The government’s consumer stimulus policies are also beneficial for the apparel and home goods sectors [7][9]. - **Investment Recommendations**: Companies like **Semir Apparel**, which leads in the children's clothing market, are recommended due to their strong brand positioning and expansion strategies. Other notable companies include **Anta Sports**, **Li Ning**, and **361 Degrees**, which have significant children's apparel lines [8]. Emerging Trends - **Demand for UHMWPE**: The demand for **Ultra-High-Molecular-Weight Polyethylene (UHMWPE)** is projected to grow at approximately **20% annually**, with applications expanding across various sectors. Companies involved in UHMWPE production, such as **Nanshan Zhishang** and **Henghui Security**, are recommended for investment [4][5]. - **Consumer Behavior**: There is a notable trend towards value-for-money products, with consumers increasingly seeking high-quality items at lower prices, particularly in the apparel sector [9]. - **Social Consumption Trends**: The total retail sales of consumer goods in January-February 2025 grew by about **4% year-on-year**, indicating a stabilization in consumer spending [2][10]. Additional Important Insights - **Market Dynamics**: The apparel and home textile industry is expected to see a gradual acceleration in performance due to low base effects from previous years, despite potential fluctuations in end-demand [4]. - **Investment Strategy**: The focus should be on companies that can adapt to changing consumer preferences, particularly those that emphasize quality and affordability. The potential for growth in the children's apparel segment is significant, driven by demographic policies and changing consumer habits [6][8]. - **Discount Retail Viability**: The discount retail model is positioned to thrive in economic downturns, as consumers become more price-sensitive. This sector is expected to benefit from existing inventory pressures among apparel brands [9]. This summary encapsulates the key points discussed in the conference call, highlighting the current state and future outlook of the apparel and home textile industry in China.

Summary of Conference Call on Home Appliance Industry Industry Overview - The conference call primarily discusses the home appliance industry in the context of recent government policies aimed at boosting consumer spending in 2025 [2][3][12]. Key Points and Arguments 1. **Government Policies**: The Chinese government has introduced measures to stabilize the stock and real estate markets, increase minimum wage standards, and allocate 300 billion yuan for long-term mergers and acquisitions to support home appliance subsidies [2][4]. 2. **Support for Home Appliance Sector**: The home appliance industry will receive 300 billion yuan in special government bonds in 2025, doubling the amount from 2024, with the addition of four new product categories [2][4]. 3. **Market Performance**: The home appliance sector showed strong performance in January and February 2025, with air conditioning installation growth rates of 6%-8%, surpassing the normal growth of 3%-5% [5][7]. 4. **Sales Improvement**: March 2025 saw significant month-on-month sales improvements, aided by effective two-wheeler subsidies, with average subsidies ranging from 600 to 800 yuan [5][6]. 5. **Price Increases**: There has been a noticeable increase in the price range for standard products, with prices rising by approximately 10%-20% [6][12]. 6. **Performance of Leading Companies**: Major white goods companies like Midea are expected to achieve double-digit growth in Q1 2025, indicating positive consumer sentiment and stable end-consumer demand [7][9]. 7. **Valuation Insights**: Midea has the highest certainty in performance, while Gree Electric and Hisense have significant potential for valuation recovery, with Gree's valuation currently below 7 times earnings [9][11]. 8. **Investment Recommendations**: The call suggests actively investing in leading white goods companies due to their strong performance and recovery potential, particularly Midea, Gree, and Hisense [9][12]. 9. **Two-Wheeler Market Growth**: Leading two-wheeler companies like Yadea and Aima are projected to grow by 25%-30% in 2025, benefiting from new policies and market conditions [10][15]. 10. **Consumer Confidence**: The introduction of consumer promotion policies is expected to restore consumer confidence, positively impacting spending and market dynamics [12][16]. Other Important Insights - **Long-term Growth Potential**: The home appliance and two-wheeler industries are seen as relatively mature, with stable market structures and continuous performance growth expected [11][12]. - **Focus on Innovation**: Companies like Anker Innovations are highlighted for their strong global presence and AI product development, indicating a trend towards technological advancement in the industry [13][14]. - **Market Trends**: The call emphasizes the importance of monitoring consumer sentiment and market conditions, as these factors will significantly influence investment strategies in the home appliance sector [12][16]. This summary encapsulates the key insights and recommendations from the conference call regarding the home appliance industry and its investment landscape for 2025.

股票代码：000921 股票简称：海信家电 公告编号：2025-009 海信家电集团股份有限公司 H 股公告-认购理财产品 海信家電集團股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00921） 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。 海信家电集团股份有限公司（「本公司」）于 2025 年 3 月 18 日在香港联合交易所有 限公司披露易网站（www.hkexnews.hk）刊登了公告。根据《深圳证券交易所股票上市 规则》关于境内外同步披露的要求，特将公告内容披露如下，供参阅。 特此公告。 海信家电集团股份有限公司董事会 2025 年 3 月 18 日 1 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産生或 因依賴該等內容而引致的任何損失承擔任何責任。 HISENSE HOME APPLIANCES GROUP CO., LTD. 須予披露交易 認購理財產品 董事會宣佈，於 2025 年 2 月 27 日至 2025 ...