证券代码：600839 证券简称：四川长虹 公告编号：临 2025-094 号 四川长虹电器股份有限公司 第十二届董事会第四十次会议决议公告 根据公司下属子公司业务发展计划，结合子公司资源状态，为进一步支持下 属子公司良性发展，推进相关业务开展，会议同意公司及下属子公司 2026 年度 为下属部分控股子公司提供不超过 980,298.97 万元人民币担保额度、为各地产项 目购房客户提供不超过 227,844.80 万元人民币担保额度。上述担保额度有效期均 为 2026 年 1 月 1 日至 2026 年 12 月 31 日，在担保额度有效期内，担保额度可循 环使用。在上述担保额度范围内，会议同意公司不再就实际发生的担保事项提交 董事会或股东会审议。同意授权公司经营管理层在股东会审议通过后具体办理相 关担保协议签署等事项。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 根据《上海证券交易所股票上市规则》《公司章程》等相关规定，本议案尚 需提交公司股东会审议。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 四川长虹电器股 ...

Market Overview - The black home appliance sector experienced a slight increase of 0.02% on December 8, with Jiulian Technology leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up by 0.54%, while the Shenzhen Component Index closed at 13329.99, up by 1.39% [1] Stock Performance - Jiulian Technology (688609) closed at 10.05, with a rise of 3.29% and a trading volume of 114,700 shares, amounting to a transaction value of 115 million yuan [1] - Other notable performers included Tongzhou Electronics (002052) with a 1.43% increase, and Zhaochi Co., Ltd. (002429) with a 1.17% increase [1] - Conversely, companies like XGIMI Technology (688696) and Hisense Visual (600060) saw declines of 0.81% and 1.66%, respectively [1] Capital Flow - The black home appliance sector saw a net outflow of 127 million yuan from institutional investors, while retail investors contributed a net inflow of 89.67 million yuan [1] - Notably, Jiulian Technology experienced a net outflow of 17.14 million yuan from institutional investors, despite a retail net inflow of 13.58 million yuan [2] - Other companies like Sichuan Changhong (600839) and *ST Gauss (002848) also faced significant net outflows from institutional investors, amounting to 39.53 million yuan and 17.11 million yuan, respectively [2]

快闪店内，全面满足《百吋电视选购白皮书》8大标准的长虹百吋新品，如100Q10Air、100U7H Mini及 85吋Q10T Ultra等AI TV齐亮相。其中，长虹AI TV追光Q10Air的全维控光Mini LED画质让雪地亮而不 曝，保留细节处的阴影。再辅以云帆AI影像的逐帧精修与330Hz极致高刷，即便高速空翻，也能清晰呈 现滑雪动作的每一处细节。 面对冬日严寒，长虹空调则以聚焦不同生活场景的三大明星空调产品，为用户筑起温暖屏障。长虹客餐 厅Pro共享空调以"远投近柔"技术和1880m /h的超大风量，轻松覆盖大空间，实现远距离送暖不直吹； 全无尘智慧风LD挂机凭借"地毯式制热"和360°密闭无尘设计，兼顾了均匀暖流与空气洁净；而"熊猫 懒"系列，则以一键智能的便捷操作，提供快速温暖的极致"懒人体验"。 长虹厨卫AI家电则为冰雪运动后的舒适生活提供解决方案。长虹AI烹饪中心智慧变频，呼应滑雪运动 员对赛道多变环境的从容适应；专利九腔猛火火力全开展现运动员对速度极致的执着追求；恒温零冷水 热水器的毫秒响应如滑雪运动员比赛时的顷刻速达与平稳发挥；长虹净水器的"鲜活净滤"亦如冰雪环境 中运动员竞技的活力特 ...

Core Viewpoint - Sichuan Changhong is leveraging digital transformation to redefine its position in the traditional manufacturing sector, achieving significant revenue growth and aiming to become a leader in global consumer electronics and smart manufacturing during the "14th Five-Year Plan" and beyond [1][2]. Group 1: Financial Performance - Sichuan Changhong's revenue surpassed 100 billion yuan, with a net profit of 5.01 billion yuan in the first half of 2025, marking a year-on-year increase of 78.6%, the highest in nearly four years [2]. - The company has achieved a commercial inventory turnover rate improvement of 145%, saving nearly 100 million yuan in annual inventory costs [2]. Group 2: Technological Advancements - The company has integrated AI technology across its entire value chain, establishing a comprehensive innovation system that includes R&D, production, and products [1]. - The "Changhong Yunfan AI Model Platform" became the first AI model platform in Sichuan Province to be registered with the National Cyberspace Administration, enhancing the AI capabilities of its home appliances [1]. Group 3: Smart Manufacturing - Sichuan Changhong's smart display factory was selected as one of the first batch of excellent smart factories in the country, featuring 18 smart production lines that fully automate key processes [2]. - The factory can handle 6 million personalized orders annually, showcasing its advanced manufacturing capabilities [2]. Group 4: Global Expansion - The company has adopted a localization strategy for its products, focusing on high-end design and energy efficiency for the European market, while emphasizing cost-effectiveness in Southeast Asia [2]. - Sichuan Changhong's products are now available in over 160 countries and regions, reflecting its successful internationalization efforts [2]. Group 5: Future Outlook - For the "15th Five-Year Plan," Sichuan Changhong aims to achieve an 80% coverage rate of advanced smart factories and enhance its integrated manufacturing capabilities [3]. - The company plans to deepen its presence in key international markets, including Europe, Australia, and Indonesia, to increase market share [3].

Core Insights - Changhong is transforming its traditional manufacturing core through an AI and data revolution, achieving a systematic leap from scale expansion to quality improvement with a revenue of over 152.6 billion yuan [1] - The company has built 22 global smart manufacturing bases, forming a full-process manufacturing system with product reliability exceeding industry levels by 12.7% [2] - Changhong's digital transformation extends beyond internal efficiency, as it was selected for the national data bureau's high-quality data set initiative, becoming the only manufacturing enterprise from Sichuan to be included [2] Group 1 - The intelligent energy management center at Changhong's smart manufacturing industrial park utilizes over 6,000 sensors to detect potential leaks within 3 seconds, showcasing the company's commitment to smart manufacturing [1] - Changhong's AI visual system in its smart display factory achieves near-zero defect rates and improves efficiency by over 70% through the conversion of expert judgment into replicable algorithm models [1] - The integration of AI algorithms in the air conditioning compressor assembly line has increased the average fault-free operation time by 18.7% [2] Group 2 - Changhong's self-developed "Hongyan" trusted data space platform activates data value in the supply chain while ensuring data privacy, allowing collaborative analysis without exchanging raw data [2] - The company has created an industrial app "Light Application Supermarket" to assist small and medium enterprises in their transformation, significantly improving order accuracy and efficiency [3] - Changhong's industrial internet platform has empowered nearly 3,000 enterprises and facilitated over 80,000 supply chain partners to adopt cloud solutions, with an annual supply chain financing scale exceeding 10 billion yuan [3]

Core Viewpoint - Sichuan Changhong is leveraging digital transformation to break through as a traditional manufacturing enterprise, achieving significant revenue growth and aiming to become a leader in global consumer electronics and smart manufacturing during the "14th Five-Year Plan" and beyond [1] Group 1: AI and Digital Transformation - Over the past five years, Sichuan Changhong has positioned AI technology as the core engine for transformation, establishing a comprehensive innovation system covering R&D, production, and products [1] - The "Changhong Yunfan AI Model Platform," developed by the company, became the first AI model platform in Sichuan Province to be filed with the National Cyberspace Administration, laying a solid technological foundation for the comprehensive AI integration of home appliances [1] - The AI TV voice interaction system achieves millisecond-level response times with a multi-turn interaction understanding accuracy of 91%, receiving widespread acclaim for its AI home appliance solutions both domestically and internationally [1] Group 2: Smart Manufacturing Upgrade - The smart manufacturing upgrade is another key strategy for Sichuan Changhong, with its smart display factory recognized as one of the first batch of excellent smart factories in the country [2] - The factory integrates industrial robots, 5G, and industrial internet technologies across 18 smart production lines, achieving full automation of key processes and the ability to handle 6 million personalized orders annually [2] - The commercial inventory turnover rate has improved by 145%, resulting in nearly 100 million yuan in annual inventory cost savings [2] Group 3: Globalization and Market Strategy - Sichuan Changhong's globalization efforts have significantly supported its revenue growth, focusing on a "localization" strategy for product offerings tailored to different markets [2] - The company emphasizes high-end design and energy efficiency for the European market, while targeting cost-effective solutions for Southeast Asia [2] - The brand strategy incorporates "sports IP + panda IP" dual-driven marketing and a "online + offline" dual-channel approach to further expand international presence, with products now covering over 160 countries and regions [2] Group 4: Future Outlook - Looking ahead to the "15th Five-Year Plan," Sichuan Changhong aims to deepen its smart transformation, targeting an 80% coverage rate of advanced-level smart factories to solidify high-quality integrated manufacturing capabilities [2] - The company plans to enhance data value extraction and strengthen data analysis applications in decision-making and early warning systems to improve quality, reduce costs, and increase efficiency [2] - On the global market front, Sichuan Changhong will focus on deepening its presence in flagship markets such as Europe, Australia, and Indonesia to increase market share [2]

Core Viewpoint - The 2025-2026 season Longhong International Ski Federation Snowboard and Freestyle Skiing Big Air World Cup serves as a key event for qualification points for the 2026 Milan Winter Olympics, showcasing the integration of Chinese technology and international sports [2][10]. Group 1: Event Overview - The event features top athletes from China and abroad, including Su Yiming and Liu Mengting, and is held at Beijing Shougang Park [2]. - Longhong serves as the exclusive title sponsor, highlighting the company's commitment to the ice and snow economy and its innovative capabilities in smart home appliances [2][10]. Group 2: Longhong's Strategic Positioning - Longhong's partnership with the Snowboard World Cup has evolved from being an official partner in 2023 to the title sponsor in 2025, aligning with China's national strategy of promoting ice and snow sports [4]. - The ice and snow industry in China is projected to exceed 1 trillion yuan, reaching 10,053 billion yuan this year, indicating significant market potential [4]. Group 3: Product Showcase - Longhong showcased its AI home appliances, including AI TVs and air conditioners, at the event, creating an immersive experience for attendees [5]. - The presence of other brands like Meiling with their fresh kitchen series further emphasizes the innovation and competitive spirit in the home appliance sector [5]. Group 4: Brand Expansion and Recognition - Longhong has accelerated its international presence through sponsorship of global sports events, enhancing brand recognition and consumer affinity [8]. - The company has established a footprint in over 160 countries, with manufacturing bases in Indonesia and the Czech Republic, covering a full range of home appliances [8]. Group 5: Financial Performance - In Q3 2023, Longhong reported revenue of 81.889 billion yuan, a year-on-year increase of 5.94%, and a net profit of 1.008 billion yuan, up 192.49% [9]. - Longhong ranked 51st in the 2025 Asia Brand 500 list, improving by two positions from the previous year, and holds a brand value of 252.139 billion yuan, ranking 35th in the 2025 China 500 Most Valuable Brands [9].

Group 1 - The core event of the 2025-2026 season Longjiang International Snow Federation Snowboard and Freestyle Skiing Big Air World Cup concluded in Beijing, with Chinese athlete Su Yiming winning the men's snowboard event [1] - Changhong, as the exclusive title sponsor, showcased its full range of AI home appliance products, marking a shift in its sports marketing strategy from being a mere "official partner" to a deep event co-builder [1] - The event highlighted Changhong's latest technological achievements in display technology and environmental control, demonstrating the performance of home appliances in extreme scenarios [1] Group 2 - Changhong's air conditioning technology was demonstrated, showcasing its full DC inverter technology that can operate stably in ultra-low temperatures of minus 35°C and achieve rapid heating in 60 seconds [2] - The "Kecanting Pro" series features a wind volume of 1880m/h, while the dust-free smart wind LD wall-mounted unit emphasizes "carpet heating" and dust prevention [2] - The marketing strategy combined "sports + e-commerce," featuring live streaming from Changhong's pop-up store with the participation of champions, aiming to connect the event with home life scenarios [2] Group 3 - Changhong's strategic moves in the ice and snow sector include providing special new energy power systems in 2022, partnering with the International Snow Federation in 2023, and acquiring exclusive naming rights for this event, indicating its efforts to accelerate the implementation of "Chinese intelligence" and AI technology in the high-end consumer market [2]

Group 1 - The company, Sichuan Changhong, primarily focuses on smart home business represented by products such as televisions, refrigerators, air conditioners, and washing machines [2] - The company also engages in general equipment manufacturing, highlighted by closed piston compressors [2] - Additionally, the company provides ICT comprehensive services represented by ICT product distribution and professional ICT solutions [2] Group 2 - The company is involved in electronic manufacturing services (EMS) as part of its intermediate products business [2] - Other business segments include specialized operations [2]

Core Viewpoint - Sichuan Changhong (600839) is actively engaging with investors and clarifying its diverse business operations, which include smart home appliances, general equipment manufacturing, ICT services, and electronic manufacturing services [1] Group 1: Business Segments - The company primarily operates in the smart home business, which includes products like televisions, refrigerators, air conditioners, and washing machines [1] - It also has a general equipment manufacturing segment represented by closed piston compressors [1] - The ICT services segment includes product distribution and professional ICT solutions [1] - Additionally, the company engages in electronic manufacturing services (EMS) and other specialized business activities [1] Group 2: Investor Engagement - The company conducts periodic shareholder feedback activities to enhance shareholder experience with its products and services [1]