Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for "Control Method, Device, Equipment, Storage Medium, and Air Conditioner" with authorization announcement number CN119532936B, applied on August 2023 [1] - Qingdao Haier Air Conditioning Co., Ltd., established in 1996, has a registered capital of 9,363.8162532 million RMB and has invested in 20 companies, participated in 4,621 bidding projects, and holds 5000 patents [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of 9,670.9088914 million RMB, invested in 15 companies, participated in 4,634 bidding projects, and holds 5000 patents [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd., established in 2014, has a registered capital of 1,300 million RMB, invested in 9 companies, participated in 7 bidding projects, and holds 5000 patents [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of 94,381.14893 million RMB, invested in 60 companies, participated in 1,769 bidding projects, and holds 5000 patents [2]

Group 1 - The core point of the article is that Ningbo Aux Electric Co., Ltd. has obtained a patent for a method related to compressor oil level judgment, which indicates the company's focus on innovation in the air conditioning sector [1] - The patent, titled "Method for Judging Oil Level of Compressor, Air Conditioner, Controller and Storage Medium," was granted with the announcement number CN116972519B, and the application date was August 2023 [1] - Ningbo Aux Electric Co., Ltd. was established in 2003 and is located in Ningbo City, primarily engaged in general equipment manufacturing [1] Group 2 - The company has a registered capital of 1.36 billion RMB [1] - According to data analysis, the company has invested in 18 enterprises and participated in 219 bidding projects [1] - The company holds 427 trademark records and 5,000 patent records, along with 16 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Midea Group's Wuhan HVAC Equipment Co., Ltd. and Guangdong Midea Refrigeration Equipment Co., Ltd. for a method of operating air conditioners, with the patent number CN117053340B, applied for on May 2022 [1] - Midea Group's Wuhan HVAC Equipment Co., Ltd. was established in 2020, located in Wuhan, with a registered capital of 500 million RMB. The company has participated in 244 bidding projects and holds 658 patent records, along with 23 administrative licenses [1] - Guangdong Midea Refrigeration Equipment Co., Ltd. was founded in 2004, located in Foshan, with a registered capital of 854 million RMB. The company has invested in 5 enterprises, participated in 5,000 bidding projects, holds 332 trademark records, and has 5,000 patent records, along with 242 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Air Outlet Device, Air Conditioner" to multiple subsidiaries of Haier, with the patent announcement number CN118998963B and application date of May 2023 [1] - Qingdao Haier Air Conditioner Co., Ltd. was established in 1996, located in Qingdao, with a registered capital of 9,363.8162532 million RMB. The company has invested in 20 enterprises and participated in 4,891 bidding projects, holding 259 trademark records and 5,000 patent records [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd. was founded in 1999, also in Qingdao, with a registered capital of 9,670.9088914 million RMB. The company has invested in 14 enterprises and participated in 4,731 bidding projects, holding 124 trademark records and 5,000 patent records [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd. was established in 2014, located in Qingdao, with a registered capital of 130 million RMB. The company has invested in 9 enterprises and participated in 7 bidding projects, holding 22 trademark records and 5,000 patent records [2] - Haier Smart Home Co., Ltd. was founded in 1994, located in Qingdao, with a registered capital of 943,811.4893 million RMB. The company has invested in 59 enterprises and participated in 1,896 bidding projects, holding 289 trademark records and 5,000 patent records [2]

Group 1 - The State Intellectual Property Office of China has granted a patent titled "A Wind Sweeping Structure for Air Conditioners" to Ningbo Aux Electric Co., Ltd. and Aux Air Conditioning Co., Ltd., with the authorization announcement number CN119713554B and application date of September 2023 [1] - Ningbo Aux Electric Co., Ltd. was established in 2003, located in Ningbo, and primarily engages in general equipment manufacturing. The company has a registered capital of 1.35 billion RMB and has made investments in 18 companies, participated in 217 bidding projects, and holds 427 trademark records and 5,000 patent records, along with 16 administrative licenses [1] - Aux Air Conditioning Co., Ltd. was founded in 2016, also located in Ningbo, focusing on other manufacturing sectors. The company has a registered capital of approximately 2.43 billion RMB, has invested in 4 companies, participated in 798 bidding projects, and possesses 13 trademark records and 5,000 patent records, in addition to 9 administrative licenses [1]

Group 1 - Haier Smart Home Co., Ltd. has obtained a patent for "a control method and air conditioner" with authorization announcement number CN118998957B, applied on May 2023 [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd., established in 1999, has a registered capital of 9,670.9088914 million RMB and has invested in 14 companies, participated in 4,702 bidding projects, and holds 127 trademark records and 5,000 patent records [1] - Qingdao Haier Air Conditioner Co., Ltd., established in 1996, has a registered capital of 93,638.162532 million RMB, invested in 20 companies, participated in 4,864 bidding projects, and holds 259 trademark records and 5,000 patent records [1] Group 2 - Qingdao Haier Intelligent Technology Research and Development Co., Ltd., established in 2014, has a registered capital of 130 million RMB, invested in 9 companies, participated in 7 bidding projects, and holds 22 trademark records and 5,000 patent records [2] - Haier Smart Home Co., Ltd., established in 1994, has a registered capital of 943,811.4893 million RMB, invested in 59 companies, participated in 1,887 bidding projects, and holds 285 trademark records and 5,000 patent records [2]

Core Insights - Qingdao Haier has recently obtained a patent for a self-diagnosis method and device for motors and air conditioners, with the patent announcement number CN119901041B, applied for on October 2023 [1] Company Summaries - Qingdao Haier Smart Building Technology Co., Ltd. was established in 2003, located in Qingdao, primarily engaged in general equipment manufacturing, with a registered capital of 100 million RMB. The company has invested in 1 enterprise, participated in 1,031 bidding projects, holds 436 patents, and has 15 administrative licenses [1] - Qingdao Haier Air Conditioning Electronics Co., Ltd. was founded in 1999, also in Qingdao, focusing on specialized equipment manufacturing, with a registered capital of approximately 967.09 million RMB. The company has invested in 14 enterprises, participated in 4,702 bidding projects, holds 127 trademarks, 5,000 patents, and has 29 administrative licenses [2] - Qingdao Haier Air Conditioner Co., Ltd. was established in 1996, located in Qingdao, primarily engaged in electrical machinery and equipment manufacturing, with a registered capital of approximately 936.38 million RMB. The company has invested in 20 enterprises, participated in 4,864 bidding projects, holds 259 trademarks, 5,000 patents, and has 19 administrative licenses [2] - Qingdao Haier Intelligent Technology Research and Development Co., Ltd. was founded in 2014, located in Qingdao, focusing on research and experimental development, with a registered capital of 130 million RMB. The company has invested in 9 enterprises, participated in 7 bidding projects, holds 22 trademarks, 5,000 patents, and has 4 administrative licenses [2] - Haier Smart Home Co., Ltd. was established in 1994, located in Qingdao, primarily engaged in electrical machinery and equipment manufacturing, with a registered capital of approximately 943.81 million RMB. The company has invested in 59 enterprises, participated in 1,887 bidding projects, holds 285 trademarks, 5,000 patents, and has 10 administrative licenses [2]

Core Viewpoint - Aokema's stock price has shown fluctuations, with a recent decline of 2.08%, while the company has experienced a year-to-date increase of 11.56% in stock price [1] Financial Performance - For the period from January to September 2025, Aokema reported a revenue of 5.671 billion yuan, representing a year-on-year decrease of 11.14% [2] - The net profit attributable to shareholders was -9.0591 million yuan, a significant decline of 420.49% compared to the previous period [2] Shareholder Information - As of September 30, Aokema had 47,100 shareholders, a decrease of 10.48% from the previous period [2] - The average number of circulating shares per shareholder increased by 11.71% to 16,939 shares [2] Dividend Distribution - Aokema has cumulatively distributed 538 million yuan in dividends since its A-share listing, with 104 million yuan distributed over the past three years [3] Company Overview - Aokema, established on December 28, 1998, and listed on December 29, 2000, is located in Qingdao, Shandong Province [1] - The company's main business includes the production and operation of refrigeration appliances, with a revenue composition of 65.82% from refrigeration equipment, 16.15% from other products, and smaller contributions from various categories [1]

Group 1 - The core viewpoint of the news is that Hisense Home Appliances has experienced a decline in stock price and significant net outflow of funds, indicating potential market challenges [1] - As of November 17, the stock price of Hisense Home Appliances was 26.20 yuan per share, with a total market capitalization of 36.283 billion yuan [1] - The company has seen a year-to-date stock price decrease of 5.32%, with a 2.38% decline over the last five trading days, but a 4.51% increase over the last 20 days and a 7.55% increase over the last 60 days [1] Group 2 - For the period from January to September 2025, Hisense Home Appliances achieved operating revenue of 71.533 billion yuan, representing a year-on-year growth of 1.35%, and a net profit attributable to shareholders of 2.812 billion yuan, with a growth of 0.67% [2] - The company has distributed a total of 6.964 billion yuan in dividends since its A-share listing, with 3.823 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders increased by 12.25% to 46,300, while the average circulating shares per person remained at 0 [2][3]

Company Overview - Haier Smart Home (SH 600690) announced on October 31 that it did not implement A-share buybacks in October 2025. From the start date of the buyback on April 7, 2025, to the end of October 2025, the company repurchased approximately 40.48 million shares, accounting for 0.431% of the total share capital, with a total expenditure of about 1.017 billion yuan [1]. Financial Performance - For the first half of 2025, Haier Smart Home's revenue composition was as follows: refrigerators accounted for 27.17%, air conditioners 20.94%, washing machines 20.22%, kitchen and bathroom appliances 13.1%, channel comprehensive services and others 11.97%, and water appliances 6.11% [1]. Market Capitalization - As of the report date, Haier Smart Home's market capitalization was 251.5 billion yuan [2].