登录新浪财经APP 搜索【信披】查看更多考评等级 本公司于2025年5月30日召开第十二届董事会2025年第三次临时会议、第十二届监事会2025年第三次会 议，审议通过了《关于回购注销部分A股限制性股票的议案》，同意本公司回购注销A股限制性股票 755,634股。本公司已于近日在中国证券登记结算有限责任公司深圳分公司办理完上述部分限制性股票 的回购注销事宜。现对相关事项说明如下： 一、2022年限制性股票激励计划已履行的相关审批程序 股票代码：000921 股票简称：海信家电 公告编号：2025-053 海信家电集团股份有限公司 关于部分A股限制性股票回购注销完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1、海信家电集团股份有限公司(「本公司」)本次回购注销限制性股票755,634股，占本公司2022年A股 限制性股票授予总量的2.97%，约占本公司本次回购注销限制性股票前总股本的0.05%，回购价格为 5.157元/股，涉及激励对象人数96人，本次限制性股票的回购总金额为3,896,804.54元。 2、本次回购注销事项已于20 ...

格力电器7月29日报收46.12元，较前一交易日下跌1.09%。当日成交金额达19.78亿元，成交量42.76万 手。 格力电器属于家电制造行业，是国内领先的空调生产企业。公司业务涵盖家用空调、商用空调、智能装 备、生活电器等多个领域，拥有完整的空调产业链。 公司最新研发的"新型高效转缸容积式制冷剂泵及机房空调"与"多适应宽频高效转子压缩机及空调器"两 项技术近日通过中国轻工业联合会鉴定，均获评"国际领先"水平。其中转缸容积式制冷剂泵为国际首 创，可使数据中心空调节能效率显著提升。 7月29日格力电器主力资金净流出2.92亿元，占流通市值的0.11%。 风险提示：市场有风险，投资需谨慎。 来源：金融界 ...

据财富中文网披露，今年世界500强排行榜企业的营收总和约为41.7万亿美元，超过全球GDP的三分之 一。500家上榜公司的资产总额和净资产总额均达到排行榜创立以来的最高峰，但雇佣员工总数相比去 年有所下降。 整体榜单中，沃尔玛连续第十二年成为全球最大公司，亚马逊保持第二。前十名有三家中国企业，分别 是国家电网排在第三，中石油、中石化位列第五、第六位。 从榜单来看，美国今年共有138家公司上榜，比上一年减少1家。中国共有130家企业上榜，蝉联全球第 二。日本上榜公司数量排第三，一共38家上榜公司，比去年减少2家。美国、中国和日本三国为榜单贡 献的公司数量、营收和利润均超过上榜企业总量的六成。 大湾区上榜企业总数达23家 | 排名 ^ | 公司名称 C | 营业收入 C | 利润 ℃ | 国家 | 关键 | | --- | --- | --- | --- | --- | --- | | | (中文) | (百万美元) | (百万美元) | | 数据 | | 1 | 沃尔玛 (WALMART) | 680,985 | 19,436 | 美国 | + | | 2 | 亚马逊 (AMAZON.COM) | 637,95 ...

诺和诺德大跌21.6%，这家丹麦制药巨头下调全年销售额和利润预期。惠而浦大跌12.9%，这家家电企 业Q2业绩不及预期。生物技术公司Sarepta Therapeutics涨35.7%，公司获FDA批准恢复基因疗法Elevidys 用于杜氏肌营养不良症(DMD)治疗。大全新能源涨4.7%，光伏行业迎来情绪范式转变，小摩看好。 ...

Core Viewpoint - The article discusses the challenges faced by Chinese enterprises in a highly competitive environment characterized by homogenization, price wars, and rising costs, emphasizing the need for a systematic methodology to navigate these challenges and achieve sustainable growth [1][5]. Group 1: The Need for Systematic Methodology - The concept of "cost reduction and efficiency enhancement" has shifted from a strategic choice to a survival necessity for enterprises [1]. - The high failure rate of mergers and acquisitions highlights the urgency for Chinese companies to adopt a comprehensive approach to overcome cyclical challenges [1]. Group 2: The Danaher Model - The book "The Danaher Model" dissects the success strategies of Danaher, known as the "king of mergers and acquisitions," showcasing the Danaher Business System (DBS) as a key driver of its success [1][10]. - Danaher's approach to mergers evolved from opportunistic acquisitions to a strategy focused on industry upgrades, demonstrating that a company's boundaries are defined by its core capabilities rather than capital [7][11]. Group 3: Midea Group's Implementation - Midea Group began learning from international best practices, specifically the Toyota Production System, but found limited success until adopting the DBS framework [3]. - Midea established its own Midea Business System (MBS) to enhance operational efficiency, achieving significant improvements in factory performance and efficiency, with an average annual increase of approximately 15% [4][3]. Group 4: Globalization and Local Adaptation - Midea's global strategy involves establishing 17 R&D centers and 22 manufacturing bases, focusing on local needs while integrating global resources [8]. - The article emphasizes the importance of balancing localization and integration in a globalized business environment, as demonstrated by Midea's efforts to create a "second home market" [8][10]. Group 5: Lessons for Chinese Enterprises - The Danaher Group serves as both a mirror and a measuring stick for Chinese companies, illustrating the importance of adhering to fundamental principles such as process efficiency and factual respect [11]. - The article concludes that embracing change, maintaining common sense, and undergoing global refinement are essential for Chinese enterprises to navigate future uncertainties [11].

Core Viewpoint - The economic competition among major Chinese cities, particularly Qingdao, Ningbo, and Tianjin, is intensifying as Qingdao aims to improve its GDP ranking by 2025, with a focus on industrial and service sector growth [1][6][10]. Economic Performance - Qingdao's GDP for the first half of 2025 reached 858.73 billion yuan, showing a year-on-year growth of 5.3% [1]. - Ningbo's GDP was 886.1 billion yuan with a growth rate of 5.1%, while Tianjin's GDP was 870.66 billion yuan, also growing at 5.3% [2][6]. - The gap between Qingdao and Tianjin has narrowed to 11.9 billion yuan, a reduction of approximately 10 billion yuan compared to the previous year [6]. Strategic Planning - Qingdao is designated as a "strong leader" in Shandong's three-year action plan aimed at achieving high-quality, low-carbon development by 2025 [6][10]. - The plan emphasizes the need for Qingdao to enhance its economic position among major cities in China [6]. Industrial Development - Qingdao's manufacturing sector is showing signs of recovery, with a significant increase in industrial output, particularly in advanced manufacturing [12][14]. - The city aims for manufacturing value-added to account for approximately 29% of its GDP by 2025 [12]. - In the first half of 2025, Qingdao's industrial output grew by 7.7%, outperforming both Ningbo and Tianjin [14]. Service Sector Growth - The service sector in Qingdao accounted for 64.6% of the GDP, contributing 62.7% to economic growth in the first half of 2025 [17]. - The city is focusing on developing productive service industries, which are crucial for supporting manufacturing and enhancing overall economic efficiency [19][20]. Competitive Landscape - Historically, Qingdao has faced challenges in maintaining its economic ranking, having been surpassed by cities like Chengdu and Wuhan since 2011 [6][7]. - Experts suggest that Qingdao should benchmark against Ningbo, particularly in terms of business environment and private sector activity [10].

近日，家住山东德州的张先生称，其遭遇了格力空调售后服务的"踢皮球"。2017年，他趁着格力"红四 月"促销活动购买了三台格力空调，当时商家赠送了三张四年延保卡，每张延保卡价值980元，每台空调 可"质保十年"。然而，当今年7月空调出现出风小、制冷差的问题时，格力的售后回应却让张先生既困 惑又愤怒。 7月27日，张先生拨打格力官方客服热线400-836-5315报修。客服人员查询后告知，空调整机六年质保 期已过。张先生当即说明当初购买时获赠了延保卡，应享受十年保修。客服仅表示"会和上门师傅沟 通"，并未在系统内核实或认可延保信息。 当日下午，维修师傅上门检查后判定"空调没故障"，仅建议清洗，并收取了50元上门费。张先生拿出保 存完好的三张红色延保卡，师傅却表示："我们只看后台系统数据，延保卡的事你得自己找厂家。"无奈 之下，张先生只得先支付了费用。 凭证有效，系统却"查无此保"？ 记者见到了张先生提供的延保卡实物，卡片背面清晰注明："此卡价值980元，在整机六年保修基础上延 长保修期四年。"三张卡累计为这三台空调提供了价值近三千元的额外保障。 张先生对此十分不解："厂家自己搞的活动，自己却没有记录？如果我不小心 ...

Summary of Conference Call on Home Appliances and Retail Industry Industry Overview - The conference focused on the home appliances and retail industry in the United States, particularly the performance of tool categories, outdoor power equipment (OPE), and home appliances during the first half of 2025 [1][3][16]. Key Points and Arguments Sales Performance - Tool categories showed strong growth with hand tools increasing by 3.54% in May and 2.48% in June, while electric tools grew by 6.48% in May and 2.35% in June [3][4]. - OPE sales declined, with handheld devices dropping 14.46% in May and 5.68% in June, and riding equipment decreasing by 23.18% and 9.10% respectively [4]. - Home appliances experienced a surge in sales due to anticipated tariff increases, with refrigerators up 10.83% and washing machines up 17.12% in May, but saw a decline in June [4][16]. Tariff and Cost Implications - Procurement costs have risen by approximately 10%, leading retailers to increase overseas sourcing to mitigate tariff impacts, resulting in a final store price increase of only about 3% [1][5][6]. - New tariffs on goods from Vietnam have increased from 10% to 20%, raising import costs significantly [7]. - A new round of price increases is anticipated due to rising supplier and procurement costs, with tariffs expected to rise to 15%-20% for Vietnam and Indonesia [8]. Inventory and Market Outlook - As of June 2025, inventory levels have increased significantly, with tool inventory up by about 18% and home appliance inventory up by 15% in preparation for the fourth quarter sales peak [18]. - The overall outlook for the fourth quarter remains optimistic, particularly for electric tools, which are closely tied to the real estate market [19]. Supplier Dynamics - The core supplier, Techtronic Industries (TTI), has maintained strong performance, contributing significantly to procurement shares [20]. - The Nuoki brand has increased its market share in electric tools from 41% to 45% between February and June 2025 [21][22]. - The Giant Star company has captured over 60% of the market share in tool cabinets, with plans to shift production to Thailand to address capacity constraints [23]. Challenges and Adjustments - The Daya company faced challenges in sales due to adverse weather conditions affecting lawn growth, leading to a strategic shift towards promoting the Muray brand [24][25]. - The overall market for lithium battery products has seen positive growth, while traditional brands like Honda have experienced significant declines [25]. Future Projections - The U.S. real estate market is expected to rebound following the resolution of tariff uncertainties and potential interest rate cuts, which could drive demand for tools and appliances [16][17]. - The anticipated recovery in the real estate market is expected to enhance sales, particularly for electric tools, which have a replacement cycle of 3-5 years [19]. Additional Important Insights - The impact of customs policies remains relatively stable, with suppliers often underreporting costs to navigate tariff implications [13][14]. - The interplay between Section 232 tariffs and counterpart tariffs continues to complicate the cost structure for imported goods [12]. - The overall sentiment in the retail market remains cautious but optimistic, with expectations of a strong sales season in the fourth quarter of 2025 [19].

Investment Rating - The report maintains a positive outlook on the home appliance sector, particularly highlighting the white goods segment as undervalued with high dividend yields and stable growth potential [5]. Core Insights - The report emphasizes the impact of government subsidies, with the third batch of 690 billion yuan allocated to support the consumption of old appliances, which is expected to stimulate demand in the home appliance market [4][11]. - The introduction of DJI's first robotic vacuum cleaner, ROMO, marks a significant entry into the market, indicating competitive dynamics in the home appliance sector [12]. - The report notes a general increase in sales volume across various appliance categories, with a particular focus on air conditioners and kitchen appliances, despite a decline in average selling prices [2][3][30][34][36]. Summary by Sections Air Conditioning Data - Online sales of air conditioners reached 9.18 million units in June 2025, a year-on-year increase of 27.9%, while offline sales were 1.032 million units, up 40.4% [2][30]. - The average online price decreased by 5.6% to 2,429 yuan per unit, and the offline average price fell by 2.5% to 4,031 yuan per unit [2][30]. Kitchen Appliance Data - Sales of range hoods increased, with online sales at 565,000 units (up 13.7%) and offline sales at 180,000 units (up 32.8%) in June 2025 [3][34]. - The average online price for range hoods decreased by 2.0% to 1,662 yuan, while the offline price increased by 4.8% to 4,674 yuan [3][34]. - Dishwasher sales also saw growth, with online sales at 192,000 units (up 8.9%) and offline sales at 49,000 units (up 24.3%) [3][36]. Industry Dynamics - The home appliance sector underperformed compared to the CSI 300 index, with the sector index remaining flat while the CSI 300 rose by 1.7% [4][6]. - Key companies such as Marsman and Lek Electric showed significant gains, while others like Huaxiang and Supor faced declines [4][8]. Investment Highlights - The report identifies three main investment themes: 1. White goods benefiting from favorable real estate policies and government incentives [5]. 2. Export-oriented companies like Ousheng Electric and Dechang Co. that are seeing stable income growth [5]. 3. Core component manufacturers like Huaxiang and Sanhua Intelligent Control, which are expected to benefit from increased demand in the white goods sector [5].

Core Insights - The emergence of the 5G-A smart dark factory, a collaboration between China Unicom, Gree Electric, and Huawei, is redefining traditional manufacturing processes and setting a direction for future industry development [1][3] - The factory boasts an impressive annual production capacity of 12 million air conditioners, achieving fully automated operations without human intervention, which has significantly increased production efficiency by 86% [3][4] - The factory's success has garnered international recognition, winning two awards at the Global Mobile Awards in 2025 for "Best Dedicated Network Solution" and "Best Mobile Economy Innovation" [1] Group 1 - The Gree Electric high-lan port factory exemplifies the concept of a "dark factory," showcasing complete automation and intelligence from raw material intake to finished product delivery [3] - Huawei's deterministic IP network solution addresses the challenges of traditional industrial control systems, ensuring stable control of production sites over long distances with latency fluctuations kept within 30 microseconds [3][4] - The integration of 5G-A networks, RedCap terminals, and management platforms in Gree's factory provides a comprehensive model for intelligent upgrades that can be replicated by other enterprises [4] Group 2 - The Chongqing Changan Automobile factory, developed in collaboration with China Unicom and Huawei, has become Asia's largest unmanned factory, producing up to 280,000 vehicles annually with a new car rolling off the line every 60 seconds [4] - The rise of intelligent factories is transforming job roles, with engineers operating robots earning annual salaries of up to one million, and workers being liberated from hazardous environments [6] - The global influence of China's intelligent manufacturing solutions is expanding, allowing engineers to control machinery remotely with minimal latency, enhancing production efficiency and resource utilization [6]