每经头条（nbdtoutiao）——美伊战争，"吞噬"山东地炼企业利润，加工一吨倒亏153元！以前每桶省20 美元，现在油价上百折扣一夜归零 （记者 曾健辉） 每经AI快讯，海尔智家（SH 600690，收盘价：22.23元）3月27日晚间发布公告称，2026年3月27日，公 司通过集中竞价交易方式首次回购A股股份765万股，占公司总股本的比例为0.082%，回购最高价格 22.4/股，回购最低价格21.55元/股，已支付的总金额约为1.68亿元。 ...

海尔智家股份有限公司 关于开展外汇衍生品交易业务的可行性分析报告 一、业务背景 随着海尔智家股份有限公司（以下简称"海尔智家"或"公司"）海外业务 规模不断扩大，汇率波动对公司经营成果的影响较大。为保证公司持续稳健发展、 加速公司与境外子公司经营管理及业务实现融合及协同效应、规避和降低公司因 国际贸易业务所面临的汇率风险，降低汇率波动对公司业绩的影响，实现外汇衍 生品业务的规模与公司实际进出口业务量、海外资产/负债规模等相适应，不以 投机为目的，严守套期保值原则，开展外汇衍生品交易。 二、基本情况 （一）交易工具及交易品种 公司及下属子公司拟开展的外汇衍生品交易工具及品种包括但不限于以下 类别： 1、外汇远期 针对公司进、出口业务，与银行（或其他依法可从事相关业务的金融机构） 签订远期结/购汇合约，锁定未来外汇兑本币的结/购汇汇率，消除汇率波动的影 响。 2、外汇掉期 针对公司的近远端现金流的不同需求，与银行（或其他依法可从事相关业务 的金融机构）签订掉期合约，规避汇率波动的影响。 1 增加对冲的措施和有效规避汇率风险，公司将尝试通过其他 NDF、低风险的简 单期权组合作为补充及备用对冲手段。 4、货币、利率 ...

一、套期保值的目的和必要性 铜为公司生产所需的主要原材料之一，由于国内外经济形势复杂多变，铜的 市场价格波动较大，为减少因原材料价格波动造成的产品成本波动，保证产品成 本的相对稳定，降低对公司正常经营的影响，公司及子公司拟开展大宗原材料套 期保值业务。 二、套期保值业务概述 1、交易品种 公司及子公司拟开展的套期保值业务品种只限于与生产经营相关的铜的商 品品种。交易方式不限于期货及远期、掉期、期权等衍生品形式，不进行单纯以 营利为目的的投机和套利交易。 2、投资金额、资金来源 海尔智家股份有限公司 关于开展大宗原材料套期保值业务的可行性分析报 告 海尔智家股份有限公司（以下简称"公司"）及子公司拟开展铜的大宗原材 料套期保值业务。现就相关可行性分析说明如下： 所。 三、套期保值可行性分析 由于铜为公司生产所需的主要原材料之一，且铜与期货品种具有高度相关性， 受市场波动影响比较大，在原料采购到产品销售期间，铜的价格大幅波动时将对 公司盈利能力带来较大的压力。公司认为通过开展大宗原材料套期保值业务规避 价格波动风险是切实可行的，对生产经营是有利的。实际操作时，结合原材料点 价、产品交货情况及市场行情，实施具体套期 ...

Core Viewpoint - The report from Citi indicates a downward revision of Haier Smart Home's net profit forecasts for the next two years by 25% and 21% due to weakening demand in China and the United States [1] Group 1: Financial Projections - Haier Smart Home's A-share target price has been reduced from 34 RMB to 28 RMB [1] - The H-share target price has been lowered from 32 HKD to 25 HKD [1] Group 2: Market Performance - As of March 27, 2026, Haier Smart Home's stock closed at 21.88 HKD, down 4.12%, with a trading volume of 59.7053 million shares and a turnover of 1.286 billion HKD [1] - The stock has not received any ratings from investment banks in the past 90 days, indicating low attention from analysts [1] Group 3: Company Positioning - Haier Smart Home holds a market capitalization of 65.119 billion HKD, ranking second in the white goods industry [1] - The company maintains a positive outlook on its high-end positioning but needs to navigate through the cyclical downturn in China and the U.S. to realize its value [1]

MACD金叉信号形成，这些股涨势不错！ 格隆汇3月27日丨海尔智家(600690.SH)公布，2026年3月27日，公司通过集中竞价交易方式首次回购A股 股份765万股，占公司总股本的比例为0.082%，回购最高价格22.40/股，回购最低价格21.55元/股，已支 付的总金额为167,748,739.87元(不含交易费用)。 ...

格隆汇3月27日丨海尔智家(600690.SH)公布，2026年3月27日，公司通过集中竞价交易方式首次回购A股 股份765万股，占公司总股本的比例为0.082%，回购最高价格22.40/股，回购最低价格21.55元/股，已支 付的总金额为167,748,739.87元(不含交易费用)。 ...

证券代码：600690 证券简称：海尔智家 公告编号：临 2026-020 海尔智家股份有限公司 关于以集中竞价交易方式首次回购 A 股股份的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2026/3/27，由董事会提议 | | --- | --- | | 回购方案实施期限 | 第十二届董事会第四次会议审议通过后 12 个月 | | 预计回购金额 | 30亿元~60亿元 | | 回购资金来源 | 其他：公司自有资金和/或自筹资金（含股票回购 | | | 专项贷款资金等） | | 回购价格上限 | 35元/股 | | | □减少注册资本 | | 回购用途 | √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 回购股份方式 | 集中竞价交易方式 | | 回购股份数量 | 8,571万股~17,143万股（依照回购价格上限测算） | | 回购股份占总股本比例 | 0.91%~1.83% | | 累计已回购股数 | 7 ...

Core Viewpoint - The company is expanding its overseas business and aims to mitigate foreign exchange risks by engaging in foreign exchange derivative trading, with a planned operational balance of up to $6.5 billion by 2026 [1] Group 1: Foreign Exchange Derivative Trading - The company and its subsidiaries plan to conduct foreign exchange derivative trading to reduce the impact of exchange rate fluctuations on performance [1] - The trading instruments will include foreign exchange forwards, swaps, non-deliverable forwards (NDF), options for hedging, and currency and interest rate swaps [1] - The primary funding for these transactions will come from the company's own funds, and the trading will occur in the over-the-counter market with banks and financial institutions as counterparties [1] Group 2: Risk Management - The company has established a risk management system and internal control mechanisms to oversee the foreign exchange derivative trading activities [1] - Various risk prevention measures will be implemented to safeguard against potential financial risks associated with these transactions [1]

Group 1 - The company and its subsidiaries plan to engage in copper commodity hedging activities with a contract value not exceeding 5.63 billion yuan, which will be valid for a rolling period of 12 months [1] - The hedging activities will be limited to copper products related to production and operations, utilizing futures and derivatives, without engaging in speculative or arbitrage trading [1] - The company believes that this business will help mitigate price volatility risks and has analyzed market, policy, and funding risks, implementing corresponding control measures [1]

Core Viewpoint - The report from Citi indicates a downward revision of Haier Smart Home's net profit forecasts for the next two years by 25% and 21% due to weakening demand in China and the United States, while maintaining a "outperform" rating on the stock [1] Financial Performance - Haier Smart Home's revenue in the fourth quarter of last year decreased by 7% year-on-year to 68 billion RMB [1] - The net profit for the same period fell by 39% to 2.2 billion RMB, which was below the bank's expectations [1] Market Analysis - Revenue from the Chinese market dropped by 15% year-on-year, primarily due to the early release of demand driven by the trade-in policy [1] - Sales in the United States remained relatively stable, but the company was unable to pass on rising costs, including tariffs, to consumers, resulting in a significant decline in profit margins [1] Target Price Adjustments - The target price for Haier Smart Home's A-shares was lowered from 34 RMB to 28 RMB [1] - The target price for its H-shares was reduced from 32 HKD to 25 HKD [1] Strategic Outlook - Despite the current challenges, the company is still viewed positively for its high-end positioning, but it needs to navigate through the cyclical downturn in the two major markets to realize its value [1]