海信家电集团股份有限公司 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 环境、社会与管治报告 2024 / 向善共赢 智造绿色未来 / 目录 CONTENT 致利益相关方的信 001 前篇 业务布局 品牌布局 产品布局 002 004 004 走进海信家电 ESG关键绩效 奖项与荣誉 2024里程碑扫描 007 010 内控合规体系 ESG风险管理 020 021 经营韧性·ESG风险与机遇 商业向善·卓越治理 科技向善·技术立企 智造向善·永续发展 生态向善·同创未来 伙伴向善·携手共赢 028 032 042 060 070 向善共赢·ESG行动策略 稳健前行·ESG指标与目标 后篇 | 关于本报告 | 091 | | --- | --- | | 法律法规及主要内部政策 | 092 | | 指标索引表 | 094 | | 读者意见反馈 | 103 | ESG价值承诺 ESG管理方针 ESG治理基石 长期价值·ESG战略蓝图 012 013 016 海信家电集团股份有限公司 前篇 2024 里程碑扫描 长期价值·ESG 战略蓝图 经营韧性·ESG 风险与机遇 向善共 ...

股票代码：000921 股票简称：海信家电 公告编号：2025-024 海信家电集团股份有限公司 第十二届董事会 2025 年第二次会议决议公告 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 1、会议于 2025 年 4 月 28 日以通讯方式召开； 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）审议及批准本公司《2025 年第一季度报告》（本公司《2025 年第一季度报 告》的具体内容已于同日登载在巨潮资讯网）。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 （二）审议及批准本公司《2024 年度环境、社会及管治报告》（本议案的具体内容 请见本公司于同日在巨潮资讯网登载的《2024 年度环境、社会及管治报告》）。 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 4 月 11 日以通 讯方式向全体董事发出召开第十二届董事会 202 ...

Financial Performance - The company's revenue for Q1 2025 was ¥24,838,267,923.53, representing a 5.76% increase compared to ¥23,486,119,294.48 in the same period last year[5]. - Net profit attributable to shareholders was ¥1,127,395,765.82, up 14.89% from ¥981,246,783.99 year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥1,007,755,232.51, reflecting a 20.27% increase from ¥837,889,225.17 in the previous year[5]. - Total operating revenue for the current period reached ¥24,838,267,923.53, an increase of 5.76% compared to ¥23,486,119,294.48 in the previous period[21]. - Net profit for the current period was ¥1,634,181,849.36, compared to ¥1,537,455,169.86 in the previous period, representing a growth of 6.31%[22]. - Basic earnings per share increased to ¥0.83 from ¥0.72, representing a growth of 15.28%[22]. Assets and Liabilities - The company's total assets increased by 4.64% to ¥72,935,577,259.81 from ¥69,701,939,817.33 at the end of the previous year[5]. - The company's total assets increased to ¥72,935,577,259.81 from ¥69,701,939,817.33, marking a growth of 3.20%[19]. - The total liabilities rose to ¥51,952,805,509.16, up from ¥50,327,415,106.20, indicating an increase of 3.22%[19]. - The equity attributable to shareholders of the parent company increased to ¥16,564,755,844.17 from ¥15,455,626,606.63, a growth of 7.15%[19]. Cash Flow - The net cash flow from operating activities was ¥65,075,820.08, down 58.30% from ¥156,049,168.70 in the same period last year[5]. - Operating cash inflow for the current period reached ¥20,551,636,304.13, an increase of 11.1% from ¥18,519,925,149.28 in the previous period[23]. - Cash inflow from investment activities totaled ¥9,485,967,241.79, up 21.8% from ¥7,796,536,903.29 in the previous period[23]. - Cash inflow from financing activities amounted to ¥1,273,215,974.19, slightly down from ¥1,320,262,031.56 in the previous period[24]. - The ending balance of cash and cash equivalents was ¥2,318,304,562.85, down from ¥3,113,769,261.78 in the previous period[24]. Investments and Expenses - Investment income increased by 39.60% to ¥236,083,008.03, compared to ¥169,117,662.26 in the previous year[10]. - Research and development expenses for the current period were ¥824,235,861.44, compared to ¥774,184,218.46 in the previous period, reflecting a rise of 6.46%[21]. - Cash paid for the purchase of fixed assets increased by 49.48% to ¥374,294,311.61, up from ¥250,389,427.74 in the previous year[10]. - Cash paid for purchasing goods and services was ¥14,344,138,537.83, an increase of 14.4% from ¥12,535,385,487.35 in the previous period[23]. Shareholder Information - Qingdao Hisense Air Conditioning Co., Ltd. holds 37.28% of shares, totaling 516,758,670 shares[13]. - Hong Kong Central Clearing (Agent) Co., Ltd. holds 33.11% of shares, totaling 458,962,527 shares[13]. - The company has no significant changes in the top 10 shareholders' participation in margin financing and securities lending[15]. Other Information - The company reported a significant increase in financial liabilities, with trading financial liabilities rising by 540.12% to ¥22,742,352.87 due to fluctuations in forward exchange rates[10]. - The company recorded a 63.01% decrease in other operating income, amounting to ¥28,589,505.45, compared to ¥77,287,462.27 in the previous year[10]. - The company reported no significant new strategies or mergers and acquisitions during the period[16]. - There are no new product developments or technological advancements mentioned in the conference call[16]. - Other comprehensive income after tax for the current period was a loss of ¥81,347,277.16, compared to a gain of ¥11,672,338.90 in the previous period[22].

Financial Performance - The company's operating revenue for Q1 2025 was RMB 24,838,267,923.53, representing a 5.76% increase compared to RMB 23,486,119,294.48 in the same period last year[6] - Net profit attributable to shareholders for Q1 2025 was RMB 1,127,395,765.82, up 14.89% from RMB 981,246,783.99 year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,007,755,232.51, reflecting a 20.27% increase from RMB 837,889,225.17 in the previous year[6] - Basic earnings per share for Q1 2025 were RMB 0.83, a 15.28% increase from RMB 0.72 in the previous year[6] - Investment income for the period was RMB 236,083,008.03, a 39.60% increase compared to RMB 169,117,662.26 in the previous year[9] Cash Flow and Assets - The net cash flow from operating activities decreased by 58.30% to RMB 65,075,820.08, down from RMB 156,049,168.70 in the same period last year[6] - Total assets at the end of Q1 2025 were RMB 72,935,577,259.81, an increase of 4.64% from RMB 69,701,939,817.33 at the end of the previous year[6] - Shareholders' equity attributable to the company at the end of Q1 2025 was RMB 16,564,755,844.17, up 7.18% from RMB 15,455,626,606.63 at the end of the previous year[6] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,391[11] - Qingdao Hisense Air Conditioning Co., Ltd. holds 37.28% of the total issued share capital, amounting to 516,758,670 shares[11] - Hong Kong Central Clearing (Agent) Co., Ltd. holds 33.11% of the total issued share capital, amounting to 458,962,527 shares[11] - The top ten shareholders account for a significant portion of the company's equity, with the largest shareholder holding nearly 70% combined[11] - The company has a structured employee stock ownership plan, with significant holdings from various employee plans[11] - The total shares held by the top ten unrestricted shareholders include 516,758,670 shares from Qingdao Hisense Air Conditioning Co., Ltd.[11] - Hong Kong Central Clearing (Agent) Co., Ltd. represents multiple accounts and holds 12,445,200 shares, which is 8.98% of the total shares[14] Other Financial Metrics - The company reported a significant increase in trading financial liabilities, which rose by 540.12% to RMB 22,742,352.87 due to fluctuations in the fair value of forward foreign exchange contracts[9] - The company experienced a 63.01% decrease in non-operating income, which fell to RMB 28,589,505.45 from RMB 77,287,462.27 in the previous year[9] - The company has confirmed that there are no other shareholders with relationships that would classify them as acting in concert under the relevant regulations[12] - The company has no related party transactions among the top shareholders, except for the relationship between Qingdao Hisense Air Conditioning Co., Ltd. and Hisense (Hong Kong) Co., Ltd.[12] Reporting and Communication - The company plans to release its Q1 2025 report in both Chinese and English, with Chinese taking precedence in case of discrepancies[13]

Core Insights - The Rongsheng Fangtang 515 refrigerator has entered the top 10 in industry sales, highlighting strong demand for innovative home appliances among young consumers [1] - The product was launched on April 13 as a customized refrigerator for the 2025 FIFA™ Club World Cup and has quickly become a "phenomenon" in the market [1] Design and Features - The refrigerator features a French structure with low-saturation color panels in moon rock gray and white, appealing to aesthetic preferences of young consumers [3] - It includes a star track hinge design that allows for a 108° wide-angle door opening and a slim 598mm body, catering to integrated home design needs [3] - The IDP Active Dual Clean 2.0 technology releases 30 million/cm³ high-concentration negative ions, achieving a 99.9999% sterilization rate in refrigeration and freezing spaces [3] Performance and Technology - Third-party testing shows a 99% removal rate of airborne bacteria and a rapid 15-minute odor elimination with a 99% effectiveness, outperforming similar products by 21% [3] - The refrigerator features independent refrigeration and freezing evaporators to prevent flavor mixing, enhancing food preservation [3] Market Impact - The Fangtang series refrigerators have become a key element in young consumers' home ecosystems, providing a joyful experience akin to unwrapping a gift [5] - The 506 Smart Dual Clean Max refrigerator, launched alongside the Fangtang 515, addresses 90% of consumer concerns regarding food health, featuring an AI odor sensor for real-time monitoring and automatic purification [5]

Investment Rating - The industry rating is maintained as "Outperform" [5] Core Viewpoints - In Q1 2025, the home appliance export continued to show double-digit growth, with a notable recovery in export growth in March despite the impact of US tariffs. The export volume maintained a high growth rate of +20%, while the average export price in RMB showed a year-on-year decline of -5% [1][12][16] - The global manufacturing PMI averaged 49.9% in Q1 2025, indicating resilience in international market demand, with exports to over 170 countries and regions achieving growth [1][16] - The North American channel replenishment is expected to support the improvement of domestic home appliance companies' export data [2][25] Summary by Sections Export Data - In March 2025, the domestic home appliance export value was 642 billion RMB, up 14% year-on-year, and 9 billion USD, up 13% year-on-year. In Q1 2025, the export value was 1736 billion RMB, up 10% year-on-year, and 242 billion USD, up 9% year-on-year [1][12] Category Performance - In Q1 2025, major categories such as white goods, kitchen appliances, small appliances, and color TVs maintained positive growth, with white goods leading at a growth rate of 23% [2][20] - In the US, white goods export growth reached 15%, while in Latin America, white goods and small appliances saw impressive growth rates of 46% and 18% respectively [2][22] Inventory and Orders - US durable goods inventory has been declining since Q3 2021, with a year-on-year decrease of about 5% as of Q4 2024, indicating a relatively low inventory level [2][25] Market Trends - The home appliance sector showed a positive performance in the stock market, with the home appliance index rising by 1.89% during the week of April 21-25, 2025 [3][29] - The report suggests that the upcoming peak season for air conditioning and the 618 shopping festival in May will further strengthen retail sales [3][4] Investment Recommendations - Recommended stocks include major appliances like Midea Group, Gree Electric, Haier Smart Home, and Hisense Home Appliances, as well as small appliances like Supor and Feike Electric [4]

Investment Rating - The report maintains a positive outlook on the home appliance industry, particularly in the white goods sector, due to favorable policies and market conditions [2][3]. Core Insights - The report highlights the significant growth in the home appliance replacement program, with over 100 million units exchanged as of April 10, 2025, indicating strong consumer demand and government support [3][9]. - The white goods sector is characterized by low valuations, high dividends, and stable growth, making it an attractive investment opportunity [2]. - The report emphasizes the expected increase in production and sales in the white goods sector, driven by the "old-for-new" policy and rising copper prices, which are boosting market sentiment [2][3]. Summary by Sections A. White Goods Data - In March, air conditioner retail volume decreased by 5.0%, while retail revenue increased by 0.1%, with an average price of 4480 yuan, up 5.34% year-on-year [25][26]. - Refrigerator retail volume and revenue rose by 2.0% and 7.7%, respectively, with an average price of 7237 yuan, up 4.2% year-on-year [26]. - Washing machine retail revenue increased by 4.7%, while retail volume decreased by 2.1%, with an average price of 4586 yuan, up 5.8% year-on-year [26]. B. Kitchen Appliance Data - In March, the retail volume of range hoods increased by 27.1%, and sales revenue rose by 34.4%, with an average price of 4423 yuan, up 4.9% year-on-year [29][30]. - The retail volume and revenue of gas stoves increased by 18.5% and 31.5%, respectively, with an average price of 2308 yuan, up 9.9% year-on-year [29][31]. C. Industry Dynamics - The home appliance sector underperformed compared to the CSI 300 index, with the home appliance index rising by 0.2% while the CSI 300 rose by 0.6% [4][6]. - Key companies such as Rongtai Health and Hisense Home Appliances showed significant gains, while others like Feike Electric and Ecovacs experienced declines [6][4]. D. Macro Economic Environment - As of April 18, 2025, the USD to RMB exchange rate was 7.2069, reflecting a 0.26% increase since the beginning of the year [32].

股票代码：000921 股票简称：海信家电 公告编号：2025-023 海信家电集团股份有限公司 H 股公告-认购理财产品 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 4 月 17 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 4 月 17 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. 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） 須予披露交易 認購理財產品 董事會宣佈，於 2024 年 12 月 17 日至 2025 ...

股票代码：000921 股票简称：海信家电 公告编号：2025-022 海信家电集团股份有限公司 H 股公告-认购理财产品 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 4 月 16 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 HISENSE HOME APPLIANCES GROUP CO., LTD. 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） 須予披露交易 認購理財產品 董事會宣佈，於 2024 年 12 月 27 日至 2025 年 4 月 16 日期間，本公司及本公司的附屬公司 空調營銷公司及冰箱營銷公司（作為認購方）訂立華夏理財協議，以認購華夏理財產品，認 購金額為人民幣 2,340,000,000 元。 本集團使用自有閒置資金支付該等華夏理財協議下的認購金額。 2 ...

Core Viewpoint - China's home appliance industry is leveraging international expansion as a key growth strategy despite uncertainties in the global trade environment, with leading companies like Hisense demonstrating strong performance through diversified global operations [1] Group 1: Financial Performance - Hisense reported an annual revenue of 92.746 billion yuan, representing a year-on-year growth of 8.35%, with overseas revenue exceeding 35.6 billion yuan, up 28% [1] - In the European market, Hisense's smart large-screen refrigerators saw sales increase by over 300% year-on-year from January to November 2024 [3] Group 2: Localization and Product Development - Hisense emphasizes a "localization" strategy by establishing 16 R&D centers and 19 industrial parks overseas to better serve local markets and enhance revenue [1] - The company is focusing on AI upgrades and energy efficiency in product offerings to meet European market preferences, achieving significant improvements in product ratings and energy standards [3] Group 3: Supply Chain and Market Opportunities - Hisense is enhancing its supply chain capabilities, with a 25.8% optimization in core order fulfillment cycles and a 7.5% increase in order assurance rates [4] - The company is expanding its high-end product offerings in Europe, with a 35% increase in revenue, particularly in washing machines, which saw a 48% revenue growth [4] Group 4: Channel Efficiency and Regional Growth - In the Asia-Pacific region, Hisense implemented a multi-dimensional strategy leading to a 15% revenue increase, with significant growth in Australia (15%) and ASEAN markets (32%) [5] - The central air conditioning segment achieved an 80% revenue growth by focusing on professional channels and water machine categories [5] Group 5: Brand Marketing and Recognition - Hisense has utilized sports marketing as a key strategy for brand recognition, sponsoring major events like the UEFA European Championship and the FIFA World Cup, which has significantly boosted its global brand presence [6] - The company ranked first in the smart home appliance sector in the 2024 China Brand Global Trust Index, highlighting its strong market position [6] Group 6: Product Innovation and Technology - Hisense is launching a series of innovative products tailored for the World Cup, integrating advanced AI technology to enhance user experience in various home appliance categories [7] - The company’s long-term global strategy is characterized as a marathon rather than a sprint, emphasizing the importance of sustained efforts in navigating international markets [7]