海尔智慧家庭将为此次合作提供坚实支撑。海尔智慧家庭生态总经理张华军指出，海尔长期致力于构建 全场景智慧家庭解决方案，优势在于强大的互联互通能力，通过开放的AIoT平台，可以将小牧的AI智 能马桶、智能花洒等产品接入海尔智家大脑，实现数据共享和场景联动。 在家居领域，智能化与场景化已成为流行趋势。用户不再满足于单一产品的功能升级，而是期待家居空 间能够主动理解需求、提供无缝联动的整体体验。 近日，海尔智慧家庭与小牧卫浴达成合作，共同为用户打造智慧、舒适的卫浴体验。此次合作不仅是品 牌联合，更是对未来智能家居的一次深度探索，旨在回应当前用户对智能化和场景化日益增长的需求。 与小牧卫浴达成合作之外，海尔智慧家庭以更开放的姿态联动多元伙伴，不断拓宽生态边界。过去的一 年里，海尔智慧家庭与DeepSeek合作，在底层AI能力上实现关键跨越；联合长安汽车，打造"人-车- 家"无缝互联体验；与小度达成战略合作，推动智慧家庭体验升级；与奇瑞瑞享生活合作，解锁"车上管 家、家中控车"新体验等，不仅在AI上更"主动"，在场景上更"流畅"，也在用户基础上更"坚实"。 在物联网时代，唯有开放协作、能力共享，才能打造真正以人为中心的智 ...

南方财经记者赵晓晨 佛山报道 走进浴室，热水即开即来，语音唤醒灯光、音乐与暖风，花洒与浴霸能默契联动，营造出恰到好处的沐浴氛围……这些曾经存 在于想象的生活片段，正逐渐成为现实。 从二十余年前本土企业家研发生产第一代智能马桶产品，到建立起日益严格的国家标准与品控体系，中国卫浴行业完成了一场 从早期模仿、中期跟跑到在部分领域实现创新引领的"品质逆袭"。 其中，箭牌家居以唯一卫浴行业代表的身份，成为鸿蒙智选的首批生态合作伙伴。这不仅是两家企业的联手，更释放出清晰的 行业信号：智能家居的竞争维度，正从单一产品的功能创新，转向跨系统、跨场景的生态协同能力。 双方合作的核心是专业制造能力与开放技术生态的深度融合。箭牌带来的是对卫浴场景的深刻理解与制造积淀，鸿蒙智选则提 供了统一的连接语言与生态协同能力。 这种跨领域的深度合作，也折射出中国制造业在新时代寻求高质量发展的路径探索。在"好房子"建设与"以旧换新"的政策推动 下，现代住宅正在向更智能、更健康的方向演进。箭牌家居与鸿蒙智选的合作，正是瞄准了卫浴这一尚未被充分开发的关键场 景，通过拥抱开放技术生态，将硬件的专业能力与软件的互联能力结合，最终转化为用户触手可及的便捷 ...

Group 1: Market Strategy and Competition - The company will focus on retail channel construction as the core strategy for 2026, enhancing refined operational management to boost retail channel growth [1] - The implementation of a dual-driven approach in product and marketing aims to optimize product sales structure and improve gross margin [1] - Continuous internal management reform and cost reduction efforts are expected to enhance operational quality and reduce expense ratios [1] Group 2: Product Development and Collaboration - The company is advancing cooperation with Hongmeng Smart Selection to promote new products like smart bath heaters and showers through online and offline channels [1] - Leveraging the ecological resources of the Hongmeng platform will enhance internal operational capabilities in product planning, development, and launch processes [1] Group 3: International Market Expansion - The company has experienced a decline in overseas revenue this year but plans to continue its international strategy with differentiated market approaches [2] - Establishing partnerships with local distributors and expanding offline store layouts in key overseas markets are part of the strategy [2] - The company is also focusing on online sales through major overseas e-commerce platforms and brand collaborations to drive international business growth [2] - Despite a decrease in export revenue to the North American market, there has been significant revenue growth in markets outside North America [2]

将小孩子放到洗衣机洗澡，过去是存在新闻中的恶作剧，但如今可能要成为现实了。日本Science公司早前在世博会关西展会首次展出的「未来人类洗澡 机」，近期计划在东京丰岛区专售店展出，并提供试体验服务。 （图源：Chosun） Science展出的「未来人类洗澡机」让体验者完成从洗澡到烘干的全过程，只需十五分钟，这一过程还会通过背部的传感器收集用户健康数据，给出分析和 洗澡模式的建议等。虽然这听起来更像是一台给人类使用的洗衣机，但这也的确让我们距离全自动洗澡更近了一步。 4万人抢着体验，AI洗澡机到底有何魅力？ Science放出公开招募体验者消息后，短时间内便涌入4万名消费者报名体验。 事实上，能吸引到如此多好奇的消费者，还是与这款产品的设计概念有关。Science的AI洗澡机像是一台被简化过的"个人护理舱"，外形如一个超大号胶 囊，它并不是我们常见的淋浴系统，而是一个封闭式的空间。 用户进入到舱内，所有的操作都会交由机器自动执行。设备内部布置了多组喷头和空气循环模块，系统会根据体温、皮肤湿度、水流接触面积等传感器数 据，自动给出清洁程序。程序上，目前只有洗、冲、烘三个步骤，全程不需要用户调整角度、开关水龙头， ...

Group 1: Retail Channel Development - The company focuses on enhancing retail channel efficiency through the "store efficiency doubling project," which has shown significant improvements in pilot stores, leading to increased revenue from retail channels [1] - Future plans include expanding the project to cover more stores, aiming for broader promotion and sustained efficiency gains [1] Group 2: 2026 Business Strategy - The company will continue leveraging the store efficiency doubling project to drive growth in retail channels while replicating refined management practices across other channels for overall improvement [1] - A dual approach of product and sales enhancement will be implemented, focusing on flagship products to optimize sales structure and improve gross margins [1] - Internal management reforms and cost reduction efforts will be prioritized to enhance operational quality [1] Group 3: International Market Expansion - The company is committed to internationalization, increasing strategic investments in overseas markets while tailoring market strategies to local characteristics [2] - Collaborations with local distributors are being established to accelerate the setup of exclusive stores and sales networks, with several physical stores already opened in key overseas markets [2] - Online sales channels are being expanded through major overseas e-commerce platforms and brand partnerships, although overall overseas revenue has declined due to reduced exports to North America [2] - Future efforts will focus on brand building and channel expansion to ensure sustainable growth in international business [2]

Core Insights - Arrow Home (001322) has reported significant improvements in gross margin for the first three quarters of 2025, with a gross margin of 28.51%, up 2.09 percentage points year-on-year, although net profit remains under pressure due to increased expense ratios [1][4] Group 1: Sales Strategy and Performance - The company focuses on retail channel development, implementing a store efficiency enhancement project to empower distributors and improve retail revenue [1] - The gross margin for Q3 2025 was 26.86%, an increase of 1.52 percentage points year-on-year, while net profit showed a slight increase due to a decline in revenue scale leading to higher expense ratios [1][4] - The company plans to replicate its retail management model across other channels to drive overall channel synergy and improve performance [2] Group 2: Future Initiatives - For Q4 2025, the company will continue to promote the store efficiency project and enhance product and marketing strategies to improve gross margin through optimized product sales structure [2] - The company is also focusing on collaboration with a mainstream smart home ecosystem platform to enhance sales of new products like smart bathroom appliances [2] Group 3: International Expansion - The company is pursuing an international strategy by establishing partnerships with local distributors and expanding its online sales channels through major overseas e-commerce platforms [3] - Despite a decline in revenue from the North American market due to international trade environment changes, the company has seen growth in other overseas markets [3] Group 4: Impact of National Subsidy Policies - National subsidy policies have positively influenced home furnishing consumption, and the company is leveraging these opportunities to optimize its sales structure [4] Group 5: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 4.472 billion yuan, a decrease of 7.45% year-on-year, while net profit was 32.548 million yuan, an increase of 1.74% [4] - The company’s debt ratio stands at 48.68%, with investment income of 7.6 million yuan and financial expenses of 32.4714 million yuan [4]

Group 1: Financial Performance - The company's gross profit margin improved significantly in the first three quarters, with a gross margin of 28.51%, an increase of 2.09 percentage points year-on-year [2] - In Q3, the gross margin was 26.86%, up by 1.52 percentage points year-on-year, while net profit showed a slight year-on-year decline [3] Group 2: Retail Channel Strategy - The company is focusing on the "store efficiency doubling project" to enhance retail channel performance, which has already shown significant improvements in pilot stores [2] - Future plans include expanding this project to more stores to achieve comprehensive promotion and continuous efficiency gains [2] Group 3: Cost Management and Internal Reforms - Continuous internal management reforms and cost reduction efforts are being implemented to further improve gross margins and reduce expense ratios [3] - The company aims to ensure steady improvement in operational quality through these measures [3] Group 4: Product and Marketing Initiatives - The company plans to implement a dual-driven strategy of product and marketing to enhance flagship products and overall product strength [2] - Collaboration with a mainstream smart home ecosystem platform is underway to boost sales of new products like smart bathroom appliances [3] Group 5: International Market Expansion - The company is actively pursuing internationalization strategies, with a focus on establishing partnerships with local distributors and expanding online sales channels [3] - Despite a decline in revenue from the North American market, there has been noticeable growth in other overseas markets [3] Group 6: Impact of National Subsidy Policies - National subsidy policies have positively influenced home furnishing consumption, prompting the company to optimize its sales structure [3] - The clarity of these policies affects the company's operational strategies, but the emphasis remains on continuous refined management [3]

Core Insights - Arrow Home announced its participation in a major smart home ecosystem platform's partner summit and autumn new product launch in September, where it introduced new products like smart bath heaters and smart showerheads [2] - The company is now one of the first ecological partners in the bathroom industry for this platform, aiming to showcase its products in smart home stores and promote sales through online channels [2] - Due to the short time since product launch, the expected contribution to the company's overall revenue for this year is limited, but the collaboration is expected to enhance internal operational capabilities in product planning, development, and market launch processes [2] - The partnership is anticipated to accelerate the development and layout of relevant channel resources, laying a foundation for future expansion in the smart home sector [2] - As the collaboration deepens and products are gradually promoted, it is expected that these products will release market potential over the coming quarters, positively contributing to the company's revenue [2]

Core Insights - JD.com and Haier have established a comprehensive strategic partnership to create a new brand focused on the silver economy, Haier Care, targeting the needs of elderly households [1] - The partnership aims to leverage JD.com's supply chain and marketing resources alongside Haier's core appliance technology to enhance the quality of home care for the elderly [1] - The goal is to achieve a compound annual growth rate of over 55% for Haier Care on JD.com from 2026 to 2028 [1] Product Supply Chain Collaboration - The collaboration will focus on launching new products and creating bestsellers, utilizing JD.com's insights into the pain points and needs of the elderly demographic [1] - The companies plan to explore exclusive product collaborations and upgrade the integrated path of research, production, and sales to drive customized product innovation [1] - They aim to jointly develop multiple industry trend products over the next three years, with a target of doubling sales by 2028 [1] Service Experience Collaboration - The partnership will enhance service experiences by integrating JD.com's one-stop service with Haier's professional bathroom measurement, design, and installation services [2] - Standardized service solutions such as "buy and install immediately," "integrated delivery and installation," and "old-for-new" will be introduced to address long renovation cycles [2] - The goal is to create a worry-free service loop that enhances user experience across purchasing, installation, and after-sales [2] Marketing Collaboration - The companies will utilize JD.com's marketing ecosystem to create a complete marketing chain from content creation to sales conversion [2] - They plan to engage potential customers through scenario-based live streaming and experiential marketing activities, utilizing various content formats like live broadcasts, images, and short videos [2] - This collaboration aims to lead a new trend in smart elderly care consumption [2]

Core Insights - The smart shower market in China is projected to reach approximately 6.09 billion yuan by 2024, driven by advancements in technology and increasing consumer demand for high-quality living experiences [1][16] - Smart showers integrate features such as automatic temperature control, smart cleaning, and automatic drainage, enhancing user comfort and extending product lifespan [1][16] - The industry is experiencing significant growth due to the dual drivers of technological progress and consumption upgrades, particularly with the empowerment of emerging technologies like 5G and IoT [1][16] Industry Overview - Smart showers, also known as showerheads, are categorized by various forms, water output methods, installation heights, and control methods, with smart showers being a key segment [3] - The high-end market for smart showers is dominated by international brands like Kohler and Moen, while domestic brands lead the mid-to-high-end market [19] Market Size and Growth - The demand for smart showers in China has grown from 1.57 million units in 2017 to 5.65 million units in 2024, with a compound annual growth rate (CAGR) of 20.05% [15] - The overall smart home market in China is expected to grow from 325.47 billion yuan in 2017 to 876.74 billion yuan in 2024, with a CAGR of 15.21% [9] Policy Support - The Chinese government has implemented various policies to support the development of smart home products, including smart showers, aiming to enhance consumer spending and promote upgrades in home appliances [7][9] - Specific measures include subsidies for home renovations and the promotion of smart home consumption [7][9] Technological Advancements - Smart showers utilize IoT technology, incorporating devices such as smart temperature and humidity sensors, smart valves, and smart flow meters to enable remote and automated control [5][15] - Future innovations will focus on enhancing core functionalities, such as precise temperature control and the integration of health monitoring features [26] Competitive Landscape - Key players in the smart shower market include Arrow Home, Xiaomi Group, Huida Sanitary Ware, and others, each leveraging unique strengths to capture market share [1][19][20] - The competitive landscape is characterized by a mix of international and domestic brands, with local companies increasingly focusing on innovation and quality to meet consumer demands [19][20] Industry Chain - The smart shower industry chain includes upstream raw materials like copper and aluminum, midstream manufacturing, and downstream applications in home renovation and smart home integration [11][12]