Core Insights - The concept of "good housing" is evolving from a mere vision to a national strategy, indicating a profound transformation in future living styles [1] - The real estate industry is shifting from "building houses" to "creating lifestyles," with Haier Smart Home's "smart living solutions" playing a crucial role in this transition [1][3] Policy Guidance - The Ministry of Housing and Urban-Rural Development emphasizes the need for better housing to ensure the public's well-being, marking a shift in the definition of "good housing" to include technology, sustainability, and overall living experience [3] - Traditional builders and developers are urged to find partners who can provide comprehensive living experiences, highlighting the need for a "breaker" that understands both construction and lifestyle [3] Technological Integration - The new definition of "good housing" focuses on how technology enhances living quality, making daily life more convenient, healthy, and enjoyable [5] - Haier's Three Wings Bird creates a smart home that actively serves users rather than passively responding to their needs, showcasing a shift in technology's role in housing [5][6] Personalized Experience - The adaptability of housing to meet individual needs is crucial, with Haier's smart entrance and kitchen systems providing personalized experiences for different family members [6] - Innovative technologies transform houses into homes by alleviating mundane chores, allowing residents to focus on family and quality of life [6] Industry Positioning - Haier Smart Home has transcended traditional appliance manufacturing to become a provider of "smart living infrastructure," showcasing a significant business transformation [8] - The ability to offer customized solutions for various demographics and housing types demonstrates Haier's competitive advantage in the market [8][9] Market Trends - As the real estate market enters a segmentation phase, the personalized capabilities exhibited by Haier's Three Wings Bird highlight the importance of responsive smart spaces [9] - The company is actively participating in defining new standards for "good housing" in China, aiming to turn ideals into tangible living experiences [9]

Core Insights - The rapid development of AI and IoT technologies is transforming smart home experiences from passive control to proactive service [1][2] - The 2025 International (Wuhan) Smart Construction Industry Expo showcased the brand "Sanying Niao," highlighting comprehensive smart home solutions [1][2] Group 1: Smart Home Experience - Smart home devices are evolving to understand user intent and provide proactive services, enhancing user experience [1][2] - At the expo, Sanying Niao demonstrated various smart home scenarios, including smart living rooms and kitchens, showcasing seamless interactions and personalized experiences [2] Group 2: Customization and User Engagement - Sanying Niao introduced an AI customization platform that can generate full home design plans in just three minutes, covering over 15 million home types and producing more than 290,000 plans [2] - The platform offers over 900 professional cabinet and electrical modules for quick personalization based on user needs [2] Group 3: Energy Efficiency and Sustainability - A dedicated area for green low-carbon smart buildings was presented, featuring technologies like magnetic levitation central air conditioning and AI multi-link systems [3] - The new solutions achieve a 50% energy saving through equipment and an additional 20% through AI algorithms that analyze various data points [3] Group 4: Ecosystem Collaboration - Sanying Niao's unique user experience stems from breaking traditional industry silos and fostering cross-industry collaboration [4] - The platform currently has over 13 million active users, connecting more than 6,600 ecosystem partners and over 52 million connected devices [4] - The shift in the smart home industry is driven by technological advancements and market demands, emphasizing the importance of meeting user needs for sustained success [4]

Core Insights - China Unicom made its debut in the Middle East at the GITEX Global 2025, showcasing its upgraded international brand UniCom and emphasizing its transition from a "telecommunications service provider" to a "digital enabler" [2] Group 1: Digital Infrastructure - China Unicom highlighted its global digital information infrastructure, featuring over 60 international submarine cable systems that provide stable and efficient connectivity for global clients [3] - The company offers innovative products such as global dedicated lines, intelligent networking, and IP Transit to facilitate low-latency and high-stability digital channels for Chinese enterprises going abroad [3] Group 2: Cloud and Computing Services - In the cloud and computing services sector, China Unicom has established a "3+N+X" global resource system to enhance international computing supply capabilities [5] - The "Unicom Star Network" advanced computing scheduling platform 2.0 enables intelligent collaboration of massive computing clusters, supporting heterogeneous computing integration and standardized measurement transactions [5] - The "Smart Product Supermarket" has gathered over 150 intelligent products, providing convenient computing services and intelligent solutions to 360,000 enterprise clients [5] Group 3: IoT and AI Applications - China Unicom provides vehicle networking services for automotive companies, utilizing four global nodes for SIM card access and management, along with AI models to optimize design and usage predictions [5] - The company showcased its achievements in 5G and AI across various sectors, including smart manufacturing, logistics, and mining, demonstrating significant efficiency improvements [8] - The introduction of the U PLUS package offers a one-stop service for Chinese enterprises to expand into international markets, covering compliance, resource integration, and localization support [8] Group 4: Smart Applications and Digital Life - China Unicom launched innovative smart applications focusing on smart homes and digital lifestyles, creating a secure and intelligent home digital ecosystem [10] - The company has established a comprehensive global network for international roaming services, providing 5G and HD voice services in major countries and regions [10] Group 5: Cultural Innovation - A dedicated cultural innovation display area was set up to showcase unique cultural products, reflecting China Unicom's efforts to convey brand value and promote Chinese culture [11] - The "Smart Clothing" interactive experience area utilized the Yuanjing model to present traditional culture in a modern context, highlighting the integration of AI technology and cultural confidence [12]

Core Insights - The 2025 China Mobile Global Partner Conference concluded in Guangzhou, focusing on building a new ecosystem for smart homes and promoting growth in family business in the AI era [1][2] - Discussions included topics such as the integration of AI in smart living and the vision for the smart home industry [1][2] Group 1: Technological and Social Trends - The family is becoming the core scene for digital services due to technological innovations like 10G networks and AI models, alongside social changes such as family downsizing and aging [2] - China Mobile aims to promote "Gigabit popularization and 10G leadership" to create exemplary communities with quality products, fast networks, and good services [2] Group 2: Policy and Strategic Initiatives - The State Council's recent directive emphasizes the deep integration of AI across various sectors, aligning with China Mobile's strategic initiatives [2] - China Mobile announced a comprehensive upgrade to its Smart Home Cooperation Alliance and launched the "Mobile Love Home Ecological Cooperation Plan 2026" [2] Group 3: Ecosystem Development - The Smart Home Cooperation Alliance has gathered 620 member units, covering hardware, content, and services, with over 3,300 ecological hardware products and 38,000 pieces of ecological content [5]

Group 1 - The core viewpoint is that "Artificial Intelligence+" is accelerating, with households becoming a crucial platform for the implementation of AI and computing power technologies [1] - The 2025 China Mobile Global Partner Conference highlighted the importance of demand exploration and ecological collaboration in driving breakthroughs in domestic computing power [1] - The future development of AI and computing power should be demand-driven and supported by ecological systems, as the industry enters a critical phase of "scenario-based implementation" [1] Group 2 - The rapid growth of smart home services is supported by the widespread adoption of high-speed networks, with China Mobile reporting over 280 million broadband users and more than 110 million gigabit broadband users in the past year [1] - The technology showcase at the conference featured several computing power products tailored for smart homes and small businesses, emphasizing the need for diverse and scenario-based computing power solutions [2] - The products are designed to be affordable, allowing ordinary users to access computing power for common tasks like video processing and image recognition, which is essential for the widespread adoption of AI technologies in home settings [2] Group 3 - Challenges in the domestic computing power development include insufficient scale and weak collaboration of computing resources, with existing resources often operating as "computing islands" [2] - The industry needs to focus on integrating resources led by major operators to build scalable and collaborative computing power pools that meet diverse industry and scenario needs [2] - The future of the AI and computing power industry relies on deeply understanding user needs and driving the large-scale application of AI and computing technologies, with hardware advancements being a matter of time [3]

Core Viewpoint - China Telecom officially launched the "Tianyi Smart Screen" as part of its strategy to embrace artificial intelligence and enhance its cloud transformation, aiming to create a "smart home" experience through various intelligent services [1][2]. Group 1: Product Features - The Tianyi Smart Screen serves as a central hub for family voice interaction, smart control, and AI ecosystem integration, focusing on providing a comprehensive smart home experience [1]. - Key features include safety monitoring, health management, and travel planning, with capabilities such as remote gas shut-off, fall detection for the elderly, and health data management [2]. - The device supports multiple dialects, including Cantonese and Shanghainese, with plans to expand further, catering to diverse user needs [2]. Group 2: User Experience - During the launch event, attendees experienced live demonstrations of the Tianyi Smart Screen's functionalities, including safety monitoring and health consultations, showcasing the convenience and security of digital living [3]. - The device allows users to perform various tasks through voice commands, such as checking travel information and making video calls, enhancing both convenience and entertainment [2].

Financial Performance - The company's revenue for the first half of 2025 was CNY 3.01 billion, with a net profit attributable to shareholders of CNY 1.47 billion, representing a year-on-year growth of 16.60% [1] - The net profit after deducting non-recurring gains and losses was CNY 1.47 billion, showing a year-on-year increase of 34.45% [1] Stock and Dividend Information - The company has implemented two cash dividends since its listing, totaling approximately CNY 1.58 billion, which accounts for 60.27% of the net profit attributable to shareholders for 2024 [3] - Future cash dividends are planned to be no less than 40% of the net profit attributable to shareholders for the corresponding period [3] Industry Insights - As of June 2025, the number of IPTV users reached 411 million, with a net increase of 3.44 million users compared to the end of the previous year [2] - The IPTV industry is experiencing a slowdown in user growth but still holds significant market potential, driven by technological advancements and diversified content offerings [2] Strategic Initiatives - The company aims to expand its core business from IPTV services to smart home solutions, collaborating with quality partners across various vertical markets [4][5] - Efforts will be made to optimize asset structure, strengthen cost control, and promote technological innovation to solidify the operational foundation [5] Market Management - The company has established a market value management framework to address stock price concerns and enhance shareholder value through compliance with information disclosure and investor relations management [5]

Core Viewpoint - The renaming of home furnishing companies is often seen as a significant event impacting their future development and performance, with various companies undergoing name changes for strategic reasons and experiencing different outcomes in their financial performance post-renaming [1][19]. Group 1: Reasons for Name Changes - Companies change their names primarily due to upgrades in business models and operational strategies, such as embracing smart home trends, as seen with Haier Smart Home and Juran Home [19]. - Transitioning from single-category products to comprehensive home customization solutions is a common reason for renaming, exemplified by companies like Gold Medal Home and Zhihong Home [19]. - Changes in control, such as TCL Smart Home and Diou Water Flower, often lead to name changes, reflecting new strategic directions [19]. - Significant shifts in core business focus, as seen with Keda Manufacturing and Luolai Life, prompt renaming to better align with their evolving business scope [19]. Group 2: Financial Performance Post-Renaming - Juran Home experienced a decline in profits six months after its name change, with a revenue of 6.445 billion yuan, a year-on-year increase of 1.54%, and a net profit of 328 million yuan, a year-on-year decrease of 45.52% [3][4]. - Haier Smart Home has shown consistent growth post-renaming, achieving a revenue of 156.494 billion yuan in the first half of 2025, a year-on-year increase of 10.2%, and a net profit of 12.033 billion yuan, a year-on-year increase of 15.6% [6][8]. - Gold Medal Home reported a revenue of 1.469 billion yuan in the first half of 2025, a year-on-year decrease of 3.37%, and a total profit of 61.24 million yuan, a year-on-year decrease of 13.65% [10][12]. - TCL Smart Home, after its name change, reported a revenue of 9.476 billion yuan in the first half of 2025, a year-on-year increase of 5.74%, and a net profit of 638 million yuan, a year-on-year increase of 14.15% [13][14]. - Keda Manufacturing's revenue reached 8.188 billion yuan in the first half of 2025, a year-on-year increase of 49.04%, with a net profit of 745 million yuan, a year-on-year increase of 63.95% [16][18].

Core Viewpoint - Haier Smart Home has strategically focused on the home robotics industry since 2021, aiming to achieve a vision of "no household chores" through its smart home ecosystem and service robot product matrix [1] Group 1: Company Strategy - The company is committed to providing more intelligent and convenient service robot products and services to assist in the realization of smart homes [1] - Haier's family service robot, HIVA, has reached a mature product form, indicating readiness for market deployment [1] Group 2: Future Plans - Future applications of the family service robot will be gradually advanced in both B-end and C-end life scenarios, contingent upon the maturity of technology and safety [1]

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 2025年8月28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 海尔智家股份有限公司2025 年半年度报告 公司代码：600690 公司简称：海尔智家 海尔智家股份有限公司 2025 年半年度报告 1 / 1 ...