Zheng Quan Shi Bao Wang·2026-01-21 02:13Core Viewpoint - Haier Smart Home has announced a D-share repurchase plan, aiming to enhance its capital structure and reduce registered capital through the buyback of up to 1 million shares, with a total funding cap of 2 million euros [1][2] Group 1: D-Share Buyback Plan - The repurchase plan will commence around January 21 and continue until February 13, executed through the Frankfurt Stock Exchange and EU multilateral trading facilities [1] - The buyback is authorized by the 2024 annual general meeting, allowing the board to repurchase up to 30% of the total issued D-shares, with the current plan representing approximately 0.369% of D-share capital and 0.011% of total share capital [1][2] Group 2: Historical Context and Market Performance - Haier's D-shares were listed in October 2018 at a price of 1.05 euros per share, primarily to fund global R&D, market expansion, and supply chain optimization [2] - The D-share performance has been influenced by external market fluctuations, exchange rate changes, and industry cycles, with recent trends showing increased trading activity and a generally upward price movement [2] Group 3: Strategic Growth and Market Position - The company has maintained growth resilience in the North American market through local factory efficiency and capacity expansion, while also experiencing rapid growth in emerging markets such as South Asia and Southeast Asia [3] - Haier's strategy includes a high-end brand focus and global digital transformation, enhancing product structure and operational efficiency through a digital procurement platform [3] Group 4: Industry Outlook - Analysts predict that the home appliance industry will experience a balance of controlled domestic pressure and resilient growth in exports by 2026, with emerging markets being a key growth driver [4] - The easing of US-China tariffs and a recovering US real estate market are expected to create additional opportunities for global home appliance companies [4]