海尔智家2025 年报

2 0 2 5 23515266782113157163165167169172316 30LeaderGEAppliancesCandyFisher&PaykelAQUA160 2025528202552820255282025528 Kevin Nolan2025528 202552820255282025528 20255 28202552820255282025528 2025528 202552820255282025528 2025528 Kevin Nolan202552820255282025528 25191908 +86 (532) 8893 1670+852 2169 0000 202552820255282025528 +86 (532) 8893 1689+852 2169 0880 H 1617 600690690D6690 http://smart-home.haier.com 6301231 — 2025 2025 2025 20253,0003,023.295.71%195.534.39% 2025260.031.33 202547.7%47.4%32.5%0.61.820252.6% 20254TC7202510TC57%241,9442025357 4TOP17% 202510% 15%30%40% L+AI VOICE 2025CCR(TSA)202516%Kwikot10%12% 20262026 2025Leader481630 1008,000 2026 AI AI 20252026 2025 1/41/3 AIIOTAgentAIAI20253AIAIAI AI24AI1.5P15754%AIAI+ 7MSCIESGAA 20252050Candy SpASBTi6-Green GE Appliances43 (1)(2)—(3) 2025202555%20247 2026–2028202658%2027202860% 202619841984 56201962019420226281991720141 199120178201931169202012 2320193 20182019202120232024CEO Kevin NolanNolan601989Nolan20255 28 Nolan20012006Nolan150NolanNPI 20062016Nolan10NolanFirstBuild2016Nolan2017NolanNolan Nolan20142018–20232019NolanNolan2022 5120226 2820255282011CIMAICPACFO 7820213540 42686911931841451 722019620255 28International Business Machines CorporationIBMIBMIBMEE 622025528MAMBACPACIACISACRMACRISCDeloitteAKZO Nobel500Trina SolarESG 552022628202552820002007+20192020ACCAIMA 7320213520255 282014 201320201234201120152022 2012202320142019Amcor Limited20112020891 20082009ForbesCNBC2007 69202062018600551201860025520205022386012382021129699017433619807201751992200062008520175 198011198312198391984419906 59202135(Lehigh) (IEEE fellow)Guide2Research1,000202020 582021625199019952002(EMBA)25DXnode600206.SH2018420154.0 4820255281999720066AIMomenta2006920091020182 620188 22 472025528199882015(EMBA)2021ICT2022 45202162520058202072021320255 28 422019120124 200572008122008220255 28 392024620201120117H20255 28 Kevin Nolan 49199719972004202512 30 48200120192001 491998202219982023201920232018 501998201519981998 4720012001 4720012015(INSEAD)EMBA2001 48199820042021ESG 531996201020181996 432005201620058252020CFO20162022CFO 51199820251Kellogg1998CEO20112019 JAMESQUN LIU54ABB20192019KwikotDH2019 591989720028201272015122019201932021420255 28 40202262009201120156 198440 17LeaderGEAppliancesCandyFisher&PaykelAQUA200820251817 MSA799%600mm800mm/900mm00325mmAI 3D AI40%AI ++ POEPOU000PCC100%2024Kwikot2025 200 30201520162018Fisher&Paykel2019Candy2024CCRKwikot2025CCRKwikot 500GE Appliances(Great Placeto Work)2025IoTBreakthrough928.165 ESGESGMSCIAA 12025 (1) 2025(AVC)20253C8,9314.3%4,21416% 2025 LBS 20252025603.2323% 12025 (1) 20252,9833.3%1,3074.6% Gfk2.1%–1.0% Gfk20250.4%10%15% 3.8%3.0%1% Gfk3.0%3.8% 12025 (2) 20251,386.81,125.57.4%261.412.7% (3) 2025 20251303%F-gasGWP2026 20251,8003%3602%2026 12025 (3) PMKSY Micro-fulfillmentCenters 22026 (1) (AVC)408 20262026615%1,5002026 22026 (1) 2026 2025GDP2.2%Q41.4%2026H12026H2 ESG 2026 (2) 2026AI 22026 (2) (3) 2026F-GasESG 7%202525%DTC (TC) 601+1+N AIUhome++ 2025 20253,023.2920245.7%CCRKWIKOT 2025195.5320244.39% (1)202526.1%20241.1 (2)202511.2%20240.5TOC (3)20258.4%20240.2AI 2025260.0320243.15 TCTC20253.1% 1TC202510TC57%241,94497% 2.6% 3.461.12.3TC 2 (SOV)(NPS) 3,18112%17.8%202513.7%24.7% 3 Leader AIAI57020258% AIAI2025144%75%130%1.553% Leader—2025Leader30% Monogram 24GE Profile™UltraFastAISmartHQAI7% GE2025GE 2025 12.0 DTC 2 2025 24% 1+ GRAVITY 2 1+1+N 1 (1) 20251815847.631.4%47.7%3.6 1 (1) 2025106031dB10dBAI 20252.50.810,00053%60TOP1700L40% 2025 1 (2) 2025415.380.9% GE Appliances (GEA)Fisher & Paykel (FPA)GEAProfileCafé7%26.8%41.6% 202527% 1 (2) 2025 2 655.653.5% K15%Leader2.5Leader70%47.4%1.914.4% 30TOP120250.9%2.4%60% F2–56ºC40%30%20255%30% 2 2025TC22%190%1,10025%Leader——— 202525%5%CandyAHAM2025GE26.7%12.5%TOP222%21.2%17.7%TOP3TOP2 3 723.5510%543.919.6%179.6411.1% (1) 202514.8%16.3%12.6% GfK21%1.810.9%0.6 2420255050AIAI2AI46% 3 (1) 20258% 202532.7%SKU22.2%APF6.12160270º60 POPPOP2025POP138%/120%50%38%510% 3 (1) GRAVITY4512%HECCandy45% 830 (2) 20250.511.3%115.2% 3 (2) AI 750RT50%800~1200RT CO2PROFROIDCO2CO2GWP1AI++15%30%50%48HP10% 7.3%+ 3 (2) AI29.21%AI AI100kW50%30%30 3 (2) KLIMAKFT (3) 2025GfK32.5%3.246.9%2.1 + 3 (3) 1.207,000+CCLC15%8RO102,500–3,0003.02025828 2.++++ 3100%CV6Ultra6 3 (3) KOC60%4–5 ++ Top2100+Top5300% 2025Kwikot2Kwikot+KwikotKwikot 4 2025(CCR)60% ERPCCR(CO2) 928.163802,0002025143%176%18%1.560.8% AI AIAI 861 Haismart1(MAU)1,3006,600SmartHQ2,1005006,500 AI APP3D3D 600GE AppliancesFisher&Paykel10+N LeaderGE AppliancesCandyFisher&PaykelAQUALeaderMonogramCaféGEProfileGEHaierHotpointCCRKwikot 2015201620182015Fisher&Paykel2019Candy2024CCRKwikotCCRERP •GEAppliancesProfile&CaféMonogramFisher&Paykel11TTM •GEDP •CandyNew CandyHitlistCandy • •GEAppliancesFisher&Paykel • •MSA79