海尔智家（600690）(06690)发布公告，2026年1月当月，公司通过集中竞价交易方式已累计回购A股(下 同)股份475万股，占公司总股本的比例为0.051%，购买的最高价为26.29元/股、最低价为25.08元/股，支 付的金额为1.22亿元(不含手续费等，下同);本次回购实施起始日(2025年4月7日)至2026年1月底，公司已 累计回购股份4757.57万股，占公司总股本的比例为0.507%，购买的最高价为27.54元/股、最低价为 23.60元/股，支付的金额为12.01亿元。 ...

智通财经APP讯，海尔智家(06690)发布公告，2026年1月当月，公司通过集中竞价交易方式已累计回购 A股(下同)股份475万股，占公司总股本的比例为0.051%，购买的最高价为26.29元/股、最低价为25.08 元/股，支付的金额为1.22亿元(不含手续费等，下同);本次回购实施起始日(2025年4月7日)至2026年1月 底，公司已累计回购股份4757.57万股，占公司总股本的比例为0.507%，购买的最高价为27.54元/股、最 低价为23.60元/股，支付的金额为12.01亿元。 ...

海尔智家（600690）(06690)发布公告，关于回购境外上市外资股(D股)股份进展，自2026年1月21日至 2026年1月31日，公司已累计回购D股股份42.2万股，占公司总股本的比例为0.0045%，购买的最高价为 2.1025欧元/股、最低价为2.07欧元/股，支付的金额(含手续费)为88.41万欧元，该等回购股份将全部注 销。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 海爾智家股份有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600690 | 說明 | | 普通股- A股面值每股人民幣1元 (於上海證券交易所上市) | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,253,028,411 | RMB | | 1 RMB | | 6,253,028,411 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 6,253,028,411 | RMB | | 1 RMB | | 6,253,028 ...

智通财经APP讯，海尔智家(06690)发布公告，关于回购境外上市外资股(D股)股份进展，自2026年1月21 日至2026年1月31日，公司已累计回购D股股份42.2万股，占公司总股本的比例为0.0045%，购买的最高 价为2.1025欧元/股、最低价为2.07欧元/股，支付的金额(含手续费)为88.41万欧元，该等回购股份将全部 注销。 ...

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 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條由海爾智家股份 有限公司作出。 以下公告的中文版本已於上海證券交易所網站(www.sse.com.cn)刊登，僅供參閱。 特此公告。 承董事會命 海爾智家股份有限公司 董事長 李華剛 中國青島 2026年2月2日 於本公告日期，本公司執行董事為李華剛先生及Kevin Nolan先生；非執行董事為 宮偉先生、俞漢度先生、錢大群先生及李少華先生；獨立非執行董事為王克勤先 生、李世鵬先生、吳琪先生及汪華先生；及職工董事為孫丹鳳女士。 * 僅供識別 证券代码：600690 证券简称：海尔智家 公告编号：临 2026-003 海尔智家股份有限公司 | 回购方案首次披露日 | 2025/3/28， ...

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 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 海外監管公告 中國青島 2026年2月2日 於本公告日期，本公司執行董事為李華剛先生及Kevin Nolan先生；非執行董事為 宮偉先生、俞漢度先生、錢大群先生及李少華先生；獨立非執行董事為王克勤先 生、李世鵬先生、吳琪先生及汪華先生；及職工董事為孫丹鳳女士。 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條由海爾智家股份 有限公司作出。 以下公告的中文版本已於上海證券交易所網站(www.sse.com.cn)刊登，僅供參閱。 特此公告。 承董事會命 海爾智家股份有限公司 董事長 李華剛 证券代码：600690 证券简称：海尔智家 公告编号：临2026-004 * 僅供識別 海尔智家股份有限公司 关于回购境外上市外资股（D股）股份的进展公告 本公 ...

Core Views - The report maintains an "Outperform" rating for the home appliance industry, indicating a positive outlook despite challenges from rising raw material prices and market competition [1][5][11]. Raw Material Price Impact - Recent increases in copper and aluminum prices have raised concerns about the profitability of leading white goods manufacturers. However, historical analysis shows that the negative impact of raw material cost increases on gross margins has diminished over time. For instance, during previous cycles from 2008 to 2022, the maximum quarterly gross margin decline for leading white goods companies was 5-7 percentage points in 2009-2011, around 5 percentage points in 2016-2017, and only about 2 percentage points in 2020-2022. The current price increases are expected to have a lesser impact, with an anticipated gross margin decline of less than 2 percentage points [1][17][18]. Production and Demand Trends - In January and February 2026, the total production of white goods in China was 23.79 million units, reflecting a year-on-year decline of 22.1%. However, the cumulative production decline for the first two months is expected to be around 5%. The production performance has shown signs of recovery compared to a more than 10% decline in Q4 2025. The demand is expected to stabilize due to the effects of national subsidy policies [2][24]. Retail Market Performance - The retail market for home appliances in China is projected to decline by 4.3% in 2025, with a total retail scale of 893.1 billion yuan. Specific categories such as air conditioners and refrigerators are expected to see declines of 0.4% and 11.5%, respectively, while small kitchen appliances are expected to grow by 3.8% [2][31]. Investment Recommendations - The report recommends several companies for investment based on their performance and market position. For white goods, companies like Midea Group, Haier Smart Home, TCL Home, and Hisense Home Appliances are highlighted. In the small appliance sector, Stone Technology, Bear Electric, and New Treasure are recommended. For black goods, TCL Electronics and Hisense Visual are suggested [3][12][50]. Company Earnings Forecasts - The report provides earnings forecasts for key companies, indicating that Midea Group is expected to have an EPS of 5.84 yuan in 2025 and 6.43 yuan in 2026, with a PE ratio of 13 for 2025. Haier Smart Home is projected to have an EPS of 2.27 yuan in 2025 and 2.53 yuan in 2026, with a PE ratio of 11 for 2025 [4][50].

Group 1 - The "Xiehe Innovation Port" project was officially launched on February 2, with a cooperation agreement signed between the Chinese Academy of Medical Sciences Peking Union Medical College and the Dongcheng District government [2][3] - The project aims to focus on key areas such as innovative drugs, new vaccines, high-end medical devices, and artificial intelligence in healthcare, creating a benchmark innovation platform that integrates achievement transformation, industry incubation, resource docking, talent cultivation, and professional services [6] - The cooperation agreement includes five core components: provision of physical space and supporting services by Dongcheng District, special support policies, establishment of an integrated platform for technology breakthroughs and achievement transformation, creation of a talent cultivation base, and a governance model ensuring efficient operation [6][7]

Core Viewpoint - Kaos IoT Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to enhance its global expansion strategy and strengthen its core platform capabilities [1][5]. Group 1: Company Overview - Kaos was established in April 2017 and is an industrial internet platform under Haier Group, having developed the COSMOPlat platform to assist enterprises in digital transformation [1]. - The company has achieved large-scale commercial application of its products and solutions across various verticals, serving over 9,500 paying customers [3]. Group 2: Financial Performance - Kaos's revenue is projected to increase from RMB 49.94 billion in 2023 to RMB 50.69 billion in 2024, with a revenue of RMB 44.21 billion reported for the first nine months of 2025 [3]. - The company has turned a net loss of RMB 82.72 million in 2023 into a profit of RMB 65.14 million in 2024, with a significant increase in net profit to RMB 17.6 million in the first three quarters of 2025, representing a 393% year-on-year growth [3][4]. - The net profit margin is expected to improve from -1.7% in 2023 to 4.0% by the end of September 2025, attributed to increased gross profit and operational efficiency [3]. Group 3: Market Strategy and Global Expansion - Kaos has shifted its listing strategy from A-shares to Hong Kong due to regulatory uncertainties in the A-share market and aims to leverage Haier Group's international network for global expansion [5]. - The company plans to enhance its market penetration in key industries and regions, focusing on emerging markets in the Americas, Southeast Asia, and the Middle East [5]. - As of September 2025, Kaos's solutions have been promoted in over 20 countries, serving more than 50 overseas enterprises [6]. Group 4: Shareholding Structure - Haier Group is the controlling shareholder of Kaos, holding approximately 78.04% of the voting rights, with direct ownership of 10.83% and additional stakes through subsidiaries [3]. Group 5: Industry Context - The listing of Kaos on the Hong Kong Stock Exchange is expected to expand the "Haier system," which currently includes multiple listed companies under Haier Group [7].