Core Viewpoint - The "Quality Return Dual Improvement" initiative launched by the Shenzhen Stock Exchange in February 2024 has garnered widespread response among listed companies, contributing to the stability of the capital market [1] Group 1: Company Participation and Performance - As of December 2025, 472 companies have released related action plans, with notable participation from consumer industry leaders such as Sanhua Intelligent Controls, Hisense Home Appliances, and TCL Smart Home [1] - Sanhua Intelligent Controls has achieved revenue growth from 160.21 billion yuan in 2021 to an estimated 279.47 billion yuan in 2024, with a compound annual growth rate (CAGR) of 20.38% and a projected net profit of 38.74 billion to 46.49 billion yuan for 2025, reflecting a year-on-year growth of 25% to 50% [3][4] - Hisense Home Appliances reported revenue growth from 741.15 billion yuan in 2022 to 927.46 billion yuan in 2024, with a CAGR of 11.87% and net profit increasing from 14.35 billion yuan to 33.48 billion yuan, achieving a CAGR of 52.74% [4] - TCL Smart Home's revenue grew from 78.43 billion yuan in 2022 to 183.61 billion yuan in 2024, with net profit rising from 4.24 billion yuan to 10.19 billion yuan [4] Group 2: Focus on Core Competencies - Companies are committed to focusing on their core businesses to enhance investor confidence, with Sanhua emphasizing its leadership in heat pump technology and automotive components [3] - Hisense is dedicated to providing smart home solutions and has established a global strategy centered on user experience and appliance intelligence [4] - TCL has been expanding its overseas market presence while advancing product sophistication and digital management [4] Group 3: Technological Innovation - Sanhua Intelligent Controls has increased its R&D investment to 7.05 billion yuan in the first half of 2025, accounting for 4.34% of its revenue, and holds 4,387 patents [5] - Hisense Home Appliances focuses on smart, healthy, and energy-efficient innovations, with multiple leading products in air conditioning and refrigeration [5] - TCL Smart Home has invested 5.17 billion yuan in R&D in the first three quarters of 2025, representing 3.61% of its revenue, and has over 2,000 patents [6] Group 4: Shareholder Returns - Sanhua Intelligent Controls plans to distribute approximately 9.32 billion yuan in cash dividends for the 2024 fiscal year and has repurchased shares worth about 3.03 billion yuan [6][7] - Hisense Home Appliances has conducted share buybacks totaling 5.54 billion yuan and has increased its cash dividend payout ratio from 30% to 50% of net profit, with significant increases in dividends over the past two years [8] - The consumer sector leaders are demonstrating a systematic approach to enhancing long-term competitiveness and contributing to a stable capital market through the "Quality Return Dual Improvement" initiative [8]

Group 1 - The "Qihang·2025 Financial Summit" was successfully held in Beijing, focusing on the theme of "New Starting Point, New Momentum, New Journey," gathering hundreds of leaders and guests from regulatory bodies, industry associations, financial institutions, listed companies, and media [1] - The 14th "Jinzhi Award" results were announced, with TCL Smart Home winning the "Outstanding Investor Relations (IR) Team Award" [1][2] Group 2 - The "Jinzhi Award" aims to set benchmarks for high-quality development, guiding listed companies to focus on their core businesses, continue innovation, and fulfill social responsibilities, thereby promoting capital to gather towards quality enterprises [2] - The evaluation covered over 8,000 companies in A-shares, Hong Kong stocks, and Chinese concept stocks, with nearly 200 companies awarded based on a quantitative analysis model [2] Group 3 - TCL Smart Home views investor relations management as a core bridge connecting the company with the capital market, establishing a comprehensive IR management system [3] - The IR team adheres to compliance in information disclosure, focusing on timely and accurate communication, and aims to enhance investor confidence through effective communication channels [3][4] - The team customizes communication strategies to match the diverse needs of domestic and international investors, improving value transmission efficiency and maintaining shareholder rights [4] - TCL Smart Home plans to use this award as an opportunity to further enhance its IR management capabilities and improve the quality of information disclosure [4]

Financial Performance - In Q1 2025, the company achieved revenue of 4.6 billion CNY, a year-on-year increase of 9.58%, marking nine consecutive quarters of positive growth [2] - The net profit attributable to shareholders reached 302 million CNY, up 33.98% year-on-year, with 15 consecutive quarters of double-digit growth [2] - The net cash flow from operating activities was 578 million CNY, reflecting a year-on-year growth of 33.33% [2] Debt and Financial Health - As of March 31, 2025, the company's asset-liability ratio was 72.76%, a decrease of 3.45 percentage points from the end of 2024, indicating a stable financial condition [2] Production Capacity - The company's production capacity is primarily located in Zhongshan and Hefei, with a high utilization rate [3] - The annual production capacity of the subsidiary, Oma Refrigerator, is 2.8 million high-end refrigerators, with the first phase achieving 85% of its designed capacity [3] - A new investment of up to 153 million CNY for upgrading refrigerator and washing machine production capacity was completed in April 2025 [3] Global Strategy - The company aims to enhance its global presence by focusing on AI smart home appliances and expanding into emerging and mid-to-high-end markets [4] - Strategies include launching innovative products and increasing brand awareness through international exhibitions and sports marketing [4] Dividend Policy - The company currently has negative retained earnings and does not meet the profit distribution conditions as per the Company Law and Articles of Association [5] - Future dividends will be considered once the company meets the necessary conditions, with a commitment to return value to shareholders [5] Shareholder Relations - The decision not to repurchase shares from minority shareholders of Oma Refrigerator is based on maintaining current equity arrangements to incentivize management and achieve mutual benefits for all stakeholders [6]