海尔智家：海尔智家股份有限公司2025年年度报告（英文版）

Important Notice I.The Board of Directors, directors and senior management of Haier Smart Home Co., Ltd. (the“Company”) hereby assure that the content set out in the annual report is true, accurate andcomplete, and free from any false record, misleading representation or material omission, andare individually and collectively responsible for the content set out therein. II.All Directors of the Company have attended the board meetings. III.Hexin Certified Public Accountants Limited LLP has issued a standard and unqualified auditreport for the Company. IV.Li Huagang (legal representative of the Company), Sun Jiacheng (chief financial officer of theCompany) and Ying Ke (the person in charge of accounting department) hereby certify thatthe financial report set out in the annual report is true, accurate and complete. V.Proposal of profit distribution or proposal of capitalizing capital reserves for the reportingperiod resoluted and adopted by the Board Proposal of profit distribution for the reporting period are examined and reviewed by the Board: todeclare a cash dividend of RMB8.867 per 10 shares (tax inclusive) to all shareholders based on thetotalnumber of shares held on record date and after deducting the repurchased shares from therepurchase account upon the execution of distribution proposal, with proposed distribution amountingto RMB8,248,280,749.27 (tax inclusive). Together with the 2025 interim dividend, The proportion ofcashdistribution is 55.0%of the net profit attributable to shareholder of parent company of theCompany for the year. If there is any change in the total share capital of the Company during theperiod from the date of this report to the record date of the equity distribution, the total distributionamount will be remained unchanged with corresponding adjustment to the proportion of distribution pershare. As of the end of the reporting period, the parent company had accumulated losses that had not beenoffset, and the impact on matters such as the Company’s dividend distribution. □Applicable√Not Applicable VI.Disclaimer in respect of forward-looking statements √Applicable□Not Applicable Forward-looking statements such as future plans, development strategies as set out in this report donotconstitute the Company’s substantial commitment to investors.Investors are advised to payattention to investment risks. VII.Isthere any fund occupation by controlling shareholders and other related parties fornon-operational purposes? No Important Notice VIII.Is there any provision of external guarantee in violation of the prescribed decision-makingprocedures? No IX.Arethere more than half of the Directors who are unable to guarantee the truthfulness,accuracy and completeness of the annual report disclosed by the Company? No X.Important Risk Warnings For the possible risks which the Company may encounter, please refer to the relevant information setout in the section of ‘MANAGEMENT DISCUSSION AND ANALYSIS’ in this report. XI.Others □Applicable√Not Applicable Chairman of the Board: Li HuagangHaier Smart Home Co., Ltd26 March 2026 Contents CONSUMER FIRST. EMBRACING CHANGE. FORGING A SUSTAINABLE FUTURE.4SECTION I9SECTION II11SECTION III19SECTION IV75SECTION V120SECTION VI138151155SECTION VIISECTION VIIIDEFINITIONSGENERAL INFORMATION OF THE COMPANY AND KEY FINANCIAL INDICATORSMANAGEMENT DISCUSSION AND ANALYSISCORPORATE GOVERNANCE, ENVIRONMENT AND SOCIETYSIGNIFICANT EVENTSCHANGES IN SHARES AND INFORMATION ABOUT SHAREHOLDERSRELEVANT INFORMATION OF BONDSFINANCIAL REPORT CONSUMER FIRST. EMBRACING CHANGE.FORGING A SUSTAINABLE FUTURE. — LETTER TO SHAREHOLDERS Dear Shareholders, As I reflect on 2025, it stands out as one of the most challenging business environments in ourcompany’shistory—andone in which Haier Smart Home proved its resilience.Shifting tradepolicies and rising protectionism disrupted supply chains and made overseas markets harder to navigate,whileregional conflicts added further uncertainty.On the demand side,high interest rates and costpressuresweighed on U.S.consumption,European recovery remained sluggish,and in China,a softproperty market and fading appliance subsidies put downward pressure on demand and pricing. Wedelivered solid results with meaningful progress in 2025,driven by the contributions of 130,000employeesacross our global operations.In North America,a challenging trade environment pressuredoperating performance. Across our other markets, however, we gained share, strengthened our competitiveposition — even after absorbing significant disruption costs. Record Revenue and Earnings in 2025 In2025,Haier Smart Home’s global revenue surpassed RMB300 billion for the first time,reachingRMB302.35 billion, an increase of 5.71% year-on-year. Net profit attributable to shareholders of the parentcompany reached RMB19.55 billion, up 4.39% year-on-year. Under PRC GAAP, net profit attributable toshareholders — excluding non-recurring items — totaled RMB18.60 billion, a 4