Haier Smart Home continues A-share repurchase, spends over 1 bn yuan

Haier Smart Home Co., Ltd. (SSE:600690) announced its ongoing A-share repurchase program, with a total of 40,902,500 shares acquired as of the end of November 2025. This represents 0.436% of the company's total share capital. The aggregate amount spent on these repurchases stands at 1,028,188,547.24 yuan, with share prices ranging from 23.60 yuan to 27.53 yuan per share.

During November 2025 alone, the company repurchased 420,000 A-shares, accounting for 0.004% of its total share capital. These November transactions occurred at prices between 26.82 yuan and 27.53 yuan per share, totaling 11,364,382.00 yuan (excluding transaction fees). The repurchase program commenced on April 7, 2025, and is scheduled to run for 12 months from its approval on March 27, 2025.

The board-approved plan allows for a total repurchase value of 1 bn yuan to 2 bn yuan, with a maximum repurchase price of 40 yuan per share. The primary purpose of these repurchases is to facilitate employee stock ownership plans or equity incentives, thereby aligning employee interests with company performance and value creation for shareholders.