Haier SmartHome Co., Ltd. announced plans to invest approximately 2.494 billion RMB in the construction of a new project with an annual production capacity of 5 million sets of air conditioners in the Shanghai Cooperation Organization Economic Demonstration Zone in Jiaozhou, Qingdao. The project is expected to have a payback period of 4.98 years and is scheduled to be put into operation in two phases in September 2026 and December 2027. The purpose of this move is to enhance Haier's air conditioning product R&D capabilities, optimize the global supply chain layout, and meet the needs of consumers in different regions around the world. The board of directors approved the relevant proposal on August 27, 2024, without the need for approval by the shareholders' meeting. The...Show More

Haier SmartHome Co., Ltd. announced plans to invest approximately 2.494 billion RMB in the construction of a new project with an annual production capacity of 5 million sets of air conditioners in the Shanghai Cooperation Organization Economic Demonstration Zone in Jiaozhou, Qingdao. The project is expected to have a payback period of 4.98 years and is scheduled to be put into operation in two phases in September 2026 and December 2027. The purpose of this move is to enhance Haier's air conditioning product R&D capabilities, optimize the global supply chain layout, and meet the needs of consumers in different regions around the world. The board of directors approved the relevant proposal on August 27, 2024, without the need for approval by the shareholders' meeting. The investment will be supported by the company's own funds and self-raised funds, and is not expected to have a significant adverse impact on the company's financial and operational status. However, the investment project still needs to go through the preliminary approval process of relevant government departments and may face risks such as changes in the macroeconomic environment, market competition, and fluctuations in raw material prices.