广东TCL智慧家电股份有限公司 委托理财内控制度 第一章 总则 第一条 为加强与规范广东TCL智慧家电股份有限公司（以下简称 "公司"） 及其控股子公司委托理财业务的管理，有效控制风险，提高投资收益，维护公司 及股东利益，依据《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7号——交易与关联交易》等法律、法规、规范性文 件的有关规定及《广东TCL智慧家电股份有限公司章程》（以下简称"《公司章 程》"），结合公司的实际情况，特制定本制度。 第二章 基本定义及规定 第二条 本制度所称委托理财是指在国家政策允许的情况下，公司在控制投 资风险的前提下，以提高资金使用效率、增加现金资产收益为原则，委托商业银 行、信托公司等金融机构进行短期低风险投资理财的行为，包括银行理财产品、 信托产品、委托贷款、债券投资、本外币定期存款、协定存款、结构性存款、存 贷无风险套利和外汇理财（套汇）等产品。 公司投资的委托理财产品，不得用于股票及其衍生产品、证券投资基金、以 证券投资为目的的委托理财产品等。 第三条 公司从事委托理财遵循"规范运作、防范风险、谨慎投资、保值增 值"的原则，以不影响公司流动性和 ...

第三条 总经理人选由公司董事会选聘或解聘，副总经理或总经理助理由董 事会根据总经理的提名决定聘任或者解聘。 广东 TCL 智慧家电股份有限公司 广东 TCL 智慧家电股份有限公司 总经理工作细则 第一章 总则 第一条 为建立健全广东 TCL 智慧家电股份有限公司（以下简称"公司"）法 人治理结构，规范总经理、副总经理、总经理助理的工作行为，保证总经理、副 总经理、总经理助理依法行使职权、履行职责、承担义务，根据《中华人民共和 国公司法》和其他有关法律法规，以及本公司《公司章程》（以下简称"《公司 章程》"）规定，特制定本细则。 第二章 人选及任期 第二条 本公司设总经理 1 名。根据经营管理需要，可设立若干副总经理或 总经理助理职位。董事可受聘兼任总经理、副总经理或者其他高级管理人员，但 兼任总经理、副总经理或者其他高级管理人员职务的董事以及由职工代表担任的 董事人数总计不得超过公司董事总数的二分之一。 第四条 总经理、副总经理、总经理助理每届任期为三年，可以连聘连任。 第五条 总经理、副总经理、总经理助理在聘任期届满前，公司不得无故解 除其总经理、副总经理或总经理助理职务，自动辞职者除外。有关总经理、副总 ...

第二条 公司董事及高级管理人员在买卖本公司股票及其衍生品种前，应知 悉《中华人民共和国公司法》《中华人民共和国证券法》等法律、法规关于内幕 交易、操纵市场等禁止行为的规定，不得进行违法违规的交易。 第三条 公司董事及高级管理人员在买卖本公司股票及其衍生品种前，应当 将其买卖计划以书面方式通知董事会秘书，董事会秘书应当核查公司信息披露及 重大事项等进展情况，如该买卖行为可能违反法律法规、深圳证券交易所相关规 定和《公司章程》的，董事会秘书应当及时书面通知相关董事、高级管理人员。 第四条 公司董事及高级管理人员拟通过集中竞价交易减持股份的，应当在 首次卖出的十五个交易日前向公司董事会报告减持计划，公司董事会将提交深圳 证券交易所备案并予以公告。减持计划的内容包括但不限于拟减持股份的数量、 来源、减持原因、减持方式、减持时间区间、减持价格区间等信息，以及不存在 规定不得减持情形的说明。 每次披露的减持时间区间不得超过三个月。在减持时间区间内，董事及高级 管理人员在减持数量过半或减持时间过半时，应当及时向公司报告减持进展情况， 公司将及时予以披露。在前款规定的减持时间区间内，公司发生高送转、并购重 组等重大事项的，已 ...

广东 TCL 智慧家电股份有限公司 广东 TCL 智慧家电股份有限公司 内幕信息及知情人管理制度 第一章 总则 第一条 为规范广东 TCL 智慧家电股份有限公司（以下简称"公司"）的内幕 信息管理，加强内幕信息保密工作，维护信息披露公平原则，根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《上市公 司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》《深圳证券交易 所股票上市规则》等有关法律、法规、规范性文件、《广东 TCL 智慧家电股份有 限公司公司章程》（以下简称"《公司章程》"）及《广东 TCL 智慧家电股份有限 公司信息披露管理制度》的有关规定，制定本制度。 第二条 公司内幕信息管理工作由董事会统一领导和管理。董事会秘书为公 司内部信息保密工作负责人，董事会办公室为公司内幕信息的监督、管理、登记、 披露及备案的日常工作部门，统一负责公司作为上市公司对监管机构、新闻媒体、 股东的接待、咨询（质询）和服务工作。 第三条 未经董事会批准同意，公司任何部门和个人不得向外界泄露、报道、 传送涉及公司的内幕信息和信息披露内容。对外报道、传送的文件、软（磁）盘、 录音（像） ...

Core Insights - TCL Smart Home (002668.SZ) reported a revenue of 4.869 billion yuan for Q3 2025, a year-on-year decrease of 2.30% [1] - The net profit attributable to shareholders for Q3 was 339 million yuan, reflecting a year-on-year increase of 27.51% [1] - For the first three quarters, the company achieved a total revenue of 14.346 billion yuan, representing a year-on-year growth of 2.87% [1] - The net profit attributable to shareholders for the first three quarters was 977 million yuan, showing a year-on-year increase of 18.45% [1]

广东 TCL 智慧家电股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 证券代码：002668 证券简称：TCL 智家 公告编号：2025-042 广东 TCL 智慧家电股份有限公司 2025 年第三季度报告 除上述说明外，公司不涉及会计估计变更及会计差错更正，不影响下表的主要会计数据和财务指标。 | 项目 | 本报告期 | 上年同期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末比 上年同期 | | | --- | --- | --- | --- | --- | --- | --- | | | | | 同期增减 | | 上年同期增减 | | | 营业收入（元） | 4,869,052,17 ...

Group 1: Overview of Manufacturing Developments in Thailand - The Haier air conditioning industrial park in Chonburi, Thailand, officially commenced production on September 23, with an annual planned capacity of 6 million units [1] - Hisense's HHA smart manufacturing industrial park is set to be completed by 2030, with an expected annual production capacity of 2.6 million units [1] - The Thai Investment Promotion Committee approved a 3 billion THB investment for Oma's refrigerator production base, aiming for an annual output of 1.7 million units primarily for the European market [1] Group 2: Chinese Automotive Industry Expansion - Chinese automotive brands have significantly increased their presence in Thailand, with companies like BYD, Changan, and Foton embedding deeply into the local automotive supply chain [2] - In 2024, Thailand is projected to be the fourth largest export market for China's new energy vehicles, with exports expected to reach 178,000 units, a 35% increase year-on-year [2] - By the end of 2024, seven Chinese car manufacturers will have established operations in Thailand, achieving a full cycle from planning to production and sales [2] Group 3: Thailand's Strategic Advantages - Thailand's geographical location and political stability make it an attractive manufacturing hub, connecting to major Southeast Asian markets [4] - The rise of Laem Chabang Port as Southeast Asia's second-largest container port enhances Thailand's manufacturing competitiveness by facilitating international trade [4] - Labor costs in Thailand are lower than in China, with the minimum monthly wage in Thailand being approximately 77% of that in China, making it appealing for foreign investment [4] Group 4: Market Dynamics and Consumer Demand - Thailand's automotive production accounts for 45% of ASEAN's total, positioning it as a key player in the Southeast Asian automotive industry [6] - The local production model has allowed Chinese car manufacturers to rapidly capture market share, especially in the electric vehicle segment [6] - The demand for home appliances in Southeast Asia is growing, with a projected annual growth rate of 5%-10% in the region's appliance market [8][9] Group 5: Chinese Home Appliance Industry Trends - The influx of Japanese home appliance companies into Thailand has inspired Chinese firms to follow suit, capitalizing on the growing demand for appliances [8] - Thailand is now the largest white goods manufacturing country in Southeast Asia, benefiting from the restructuring of the global white goods manufacturing industry [9] - Trade agreements like RCEP and favorable local policies have further incentivized Chinese appliance manufacturers to establish production facilities in Thailand [12][14] Group 6: Evolution of Chinese Manufacturing Strategy - The evolution of Chinese manufacturing overseas can be categorized into three phases: product export, brand export, and capability export [15] - Chinese companies are increasingly focusing on localizing their operations, including R&D and marketing, to better meet local consumer needs [16] - The market share of Chinese brands in Thailand's appliance sector has grown significantly, with Chinese brands capturing two spots in the top five air conditioning brands by 2024 [17] Group 7: Long-term Implications of Manufacturing Shifts - The successful "Thailand model" in the automotive sector is likely to influence other industries, including consumer electronics and renewable energy equipment [18] - The ongoing migration of manufacturing capabilities from China to Southeast Asia is part of a broader trend of global supply chain restructuring [19] - Thailand is positioned as a critical hub for Chinese manufacturing expansion, with the potential for continued growth and investment in the region [19]

Core Viewpoint - TCL Smart Home's stock experienced a decline of 1.32% on October 28, with a trading volume of 75.39 million yuan and a total market capitalization of 10.54 billion yuan [1] Business Overview - The company's main business includes the research, production, and sales of household refrigerators, freezers, and washing machines [3] - As of June 30, the company reported a revenue of 9.48 billion yuan for the first half of 2025, representing a year-on-year growth of 5.74%, and a net profit attributable to shareholders of 638 million yuan, up 14.15% year-on-year [8] Market Position - TCL has maintained the position of the largest exporter of refrigerators in China for 14 consecutive years, serving over 130 countries and regions, including those along the Belt and Road Initiative [3] - The company's overseas revenue accounted for 73.50% of total revenue, benefiting from the depreciation of the Chinese yuan [4] Technological Development - The company has made advancements in AI voice control and AI intelligent dual-inverter technology, enhancing the intelligence level of its products to meet customer demands [4] Shareholder Information - As of June 30, the number of shareholders was 37,000, a decrease of 0.54% from the previous period, with an average of 29,302 circulating shares per person, an increase of 0.54% [8] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 26.43 million shares, a decrease of 8.60 million shares from the previous period [10] Financial Performance - The company has distributed a total of 224 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [9]

Market Overview - The white goods sector increased by 0.76% on October 27, with Shenzhen Konka A leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Shenzhen Konka A (000016) closed at 5.92, up 5.53% with a trading volume of 1.9258 million shares and a turnover of 1.117 billion yuan [1] - Hisense Home Appliances (000921) closed at 25.39, up 2.30% with a trading volume of 167,300 shares and a turnover of 423 million yuan [1] - Gree Electric Appliances (000651) closed at 40.97, up 1.16% with a trading volume of 616,500 shares and a turnover of 2.522 billion yuan [1] - Other notable performances include Whirlpool (600983) at 10.67, up 1.14%, and Haier Smart Home (600690) at 25.90, up 1.05% [1] Capital Flow - The white goods sector experienced a net outflow of 19.1781 million yuan from institutional investors, while retail investors saw a net inflow of 193 million yuan [1] - Detailed capital flow for key stocks shows that Shenzhen Konka A had a net inflow of 157 million yuan from institutional investors, while Gree Electric Appliances had a net outflow of 117 million yuan [2] - Haier Smart Home saw a significant net outflow of 92.9406 million yuan from institutional investors, but a net inflow of 99.8541 million yuan from retail investors [2]

Core Viewpoint - TCL Smart Home's stock experienced a slight decline of 0.81% on October 24, with a trading volume of 102 million yuan and a total market capitalization of 10.646 billion yuan [1] Group 1: Business Overview - The company's main business includes the research, production, and sales of household refrigerators, freezers, and washing machines [3] - TCL has maintained the position of the largest exporter of refrigerators in China for 14 consecutive years, serving over 130 countries and regions, including those along the Belt and Road Initiative [3] - As of the 2024 annual report, overseas revenue accounted for 73.50% of the company's total revenue, benefiting from the depreciation of the RMB [4] Group 2: Financial Performance - For the first half of 2025, TCL Smart Home achieved a revenue of 9.476 billion yuan, representing a year-on-year growth of 5.74%, and a net profit attributable to shareholders of 638 million yuan, up 14.15% year-on-year [8] - The company has distributed a total of 224 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [9] Group 3: Market Dynamics - The company has engaged in AI voice control and AI intelligent dual-frequency technology, indicating a focus on product intelligence to meet customer demands [4] - The stock's average trading cost is 10.43 yuan, with the current price fluctuating between resistance at 10.13 yuan and support at 9.59 yuan, suggesting potential for range trading [7]