Group 1 - The core point of the article is that BlackRock's long position in Haier Smart Home Co., Ltd. (H-shares) decreased from 8.3% to 7.52% as of March 6, 2026 [1]

Core Viewpoint - The 2026 China Household Appliances and Consumer Electronics Expo (AWE2026) commenced in Shanghai, showcasing cutting-edge AI achievements and new products from various home appliance and home furnishing companies [1] Group 1: Company Highlights - Haier Smart Home presented five major brands including Casarte, Leader, and Fisher & Paykel [1] - TCL showcased multiple new products across its three business segments [1] - Fotile, after upgrading its "Smart Kitchen Expert and Leader" strategy, provided a panoramic display and introduced its first kitchen cooking robot [1] - Stone Technology and Ecovacs unveiled new core category products [1] - Huida Sanitary displayed a comprehensive intelligent bathroom solution centered on "Smart and Healthy Living" [1]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for "methods and devices for controlling water heaters, electronic devices, and storage media," with authorization announcement number CN115164410B, applied for on July 2022 [1] - Chongqing Haier Air Conditioning Co., Ltd., established in 2006, has a registered capital of 130 million RMB and has participated in 3,058 bidding projects, holds 582 patents, and has 100 administrative licenses [1] - Qingdao Haier Air Conditioning Co., Ltd., established in 1996, has a registered capital of approximately 936.38 million RMB, has invested in 20 companies, participated in 4,621 bidding projects, holds 259 trademarks and 5,000 patents, and has 20 administrative licenses [1] Group 2 - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of approximately 967.09 million RMB, has invested in 15 companies, participated in 4,634 bidding projects, holds 129 trademarks and 5,000 patents, and has 29 administrative licenses [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of approximately 943.81 million RMB, has invested in 60 companies, participated in 1,769 bidding projects, holds 289 trademarks and 5,000 patents, and has 10 administrative licenses [2]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent titled "Method, Device, Storage Medium, and Electronic Device for Determining Verification Results," with authorization announcement number CN116563976B, applied for on March 2023 [1] - Qingdao Haier Technology Co., Ltd., established in 2000, is primarily engaged in the manufacturing of instruments and meters, with a registered capital of 80 million RMB. The company has participated in 75 bidding projects, has 193 trademark information entries, 3,976 patent information entries, and holds 7 administrative licenses [1] - Haier U+ Smart Technology (Beijing) Co., Ltd., established in 2015, focuses on technology promotion and application services, with a registered capital of 143 million RMB. The company has participated in 16 bidding projects, has 1 trademark information entry, 2,146 patent information entries, and holds 2 administrative licenses [1] Group 2 - Haier Smart Home Co., Ltd., founded in 1994, is primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of approximately 943.81 million RMB. The company has invested in 60 enterprises, participated in 1,769 bidding projects, has 289 trademark information entries, 5,000 patent information entries, and holds 10 administrative licenses [2]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for a control method and device for variable capacity compressor air conditioning, with the authorization announcement number CN116951846B, applied on July 2023 [1] - Qingdao Haier Air Conditioning Co., Ltd., established in 1996, has a registered capital of 9,363.8162532 million RMB and has invested in 20 companies, participated in 4,621 bidding projects, and holds 5000 patents [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of 9,670.9088914 million RMB, invested in 15 companies, participated in 4,634 bidding projects, and holds 5000 patents [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd., established in 2014, has a registered capital of 130 million RMB, invested in 9 companies, participated in 7 bidding projects, and holds 5000 patents [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of 943,811.4893 million RMB, invested in 60 companies, participated in 1,769 bidding projects, and holds 5000 patents [2]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent titled "Method and Device for Determining Data Information, Storage Medium, and Electronic Device," with authorization announcement number CN116521767B, applied on March 2023 [1] - Qingdao Haier Technology Co., Ltd., established in 2000, is primarily engaged in the manufacturing of instruments and meters, with a registered capital of 80 million RMB. The company has participated in 75 bidding projects and holds 3,976 patent information [1] - Haier U+ Smart Technology (Beijing) Co., Ltd., established in 2015, focuses on technology promotion and application services, with a registered capital of 143 million RMB. The company has participated in 16 bidding projects and holds 2,146 patent information [1] Group 2 - Haier Smart Home Co., Ltd., founded in 1994, is primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of approximately 943.81 million RMB. The company has invested in 60 enterprises and participated in 1,769 bidding projects, holding 5,000 patent information [2] - The company has 289 trademark information and 10 administrative licenses [2]

Core Viewpoint - Haier Smart Home has shown a positive market performance with a 1.93% increase in stock price, reaching a market capitalization of 233.22 billion yuan [1] Company Overview - Founded in 1984, Haier Group has expanded from producing refrigerators to a wide range of sectors including home appliances, IT, logistics, finance, real estate, and biopharmaceuticals, becoming a global leader in providing solutions for a better life [2] - The company is recognized as the world's largest home appliance brand, holding a global retail market share of 10.2% in 2014 and maintaining this position for six consecutive years [2] Shareholder Structure - The top ten circulating shareholders include Central Huijin Asset Management and China Securities Finance Corporation [3] - Haier Wireless, a subsidiary focused on wireless charging, has invested in Intel's wireless charging technology team and is involved in setting national industry standards for electromagnetic compatibility and radiation [3] Business Operations - Haier Smart Home's main business includes the research, production, and sales of home appliances such as refrigerators, kitchen appliances, air conditioners, washing machines, and smart home solutions [3][7] - The revenue composition is as follows: refrigerators 27.17%, air conditioners 20.94%, washing machines 20.22%, kitchen appliances 13.10%, equipment and channel services 11.97%, water appliances 6.11%, and others 0.48% [7] Financial Performance - For the period from January to September 2025, Haier Smart Home achieved a revenue of 234.05 billion yuan, representing a year-on-year growth of 15.31%, and a net profit attributable to shareholders of 17.37 billion yuan, up 14.64% year-on-year [7] - The company has distributed a total of 48.66 billion yuan in dividends since its A-share listing, with 24.27 billion yuan distributed over the past three years [8] Institutional Holdings - As of September 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 361 million shares, a decrease of 89.04 million shares from the previous period [9] - China Securities Finance Corporation remains stable with 183 million shares, while Huatai-PineBridge CSI 300 ETF has exited the top ten circulating shareholders [9]

Core Insights - Haier Smart Home has been recognized as the global leader in smart home sales, according to Euromonitor International, based on projected sales figures for 2025 [1] - This achievement follows Haier's 17 consecutive years of leadership in the home appliance sector, marking a significant milestone in the smart living domain [1] Group 1: Company Strategy and Development - Haier Smart Home has been proactive in recognizing the evolving needs of consumers, transitioning from traditional appliances to smart living solutions over the past 20 years [3] - The company initiated its smart home strategy in 2006 with the Uhome platform, aiming to provide a seamless connection between users and their homes [3] - By 2021, Haier introduced the Haier Smart Home Brain, which offers personalized smart living solutions based on user needs [3] Group 2: Technological Innovations - Haier Smart Home is advancing product intelligence through a comprehensive software-defined approach, achieving 100% smart product integration and enhancing user interaction [4] - The company has developed over 70 smart living solutions across 11 spaces, utilizing AI technology to alleviate household burdens [4] - Upcoming innovations include the Seeker series featuring AI Eye 2.0 technology, set to be unveiled at the 2026 AWE, promising a comprehensive smart living experience [4] Group 3: Global Expansion and Ecosystem - Haier Smart Home operates two major AIoT platforms, HaiSmart and SmartHQ, facilitating smart home integration in over 70 countries and regions [4] - The HaiSmart platform connects over 100 million devices in China and Belt and Road Initiative countries, collaborating with over 6,600 ecosystem partners [4] - In Europe and the Americas, the SmartHQ platform boasts over 5 million active users and connects more than 21 million devices [4] Group 4: Future Outlook - Haier Smart Home is committed to continuous exploration in the smart home sector, focusing on technological innovation to enhance user experience [5] - The company has developed the UHomeOS, an AI-native operating system for smart homes, which adapts to user needs and promotes industry-wide capabilities [5] - Haier aims to provide intelligent space solutions that are responsive and intuitive, ensuring a comprehensive technological framework from hardware to software [5]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for "Control Method, Device, Equipment, Storage Medium, and Air Conditioner" with authorization announcement number CN119532936B, applied on August 2023 [1] - Qingdao Haier Air Conditioning Co., Ltd., established in 1996, has a registered capital of 9,363.8162532 million RMB and has invested in 20 companies, participated in 4,621 bidding projects, and holds 5000 patents [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of 9,670.9088914 million RMB, invested in 15 companies, participated in 4,634 bidding projects, and holds 5000 patents [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd., established in 2014, has a registered capital of 1,300 million RMB, invested in 9 companies, participated in 7 bidding projects, and holds 5000 patents [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of 94,381.14893 million RMB, invested in 60 companies, participated in 1,769 bidding projects, and holds 5000 patents [2]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for "Control Method, Control Device, and Air Conditioner for Smart Home Interaction," with authorization announcement number CN116678084B, applied on May 2023 [1] - Qingdao Haier Air Conditioning Co., Ltd., established in 1996, has a registered capital of 9,363.8162532 million RMB and has invested in 20 companies, participated in 4,621 bidding projects, and holds 5000 patents [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of 9,670.9088914 million RMB, invested in 15 companies, participated in 4,634 bidding projects, and holds 5000 patents [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd., established in 2014, has a registered capital of 130 million RMB, invested in 9 companies, participated in 7 bidding projects, and holds 5000 patents [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of 943,811.4893 million RMB, invested in 60 companies, participated in 1,769 bidding projects, and holds 5000 patents [2]