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Guolian Securities: Policy catalyzes domestic sales prosperity, and kitchen appliances and white goods deserve attention.
Guolian research reports indicate that this round of subsidies for replacing old with new cars is on par with the initiative for rural household appliances. Starting in September, the policy implementation has entered the redemption phase. Since late August, weekly retail sales growth has been on the rise, with demand bottoming out and improving, contributing to incremental growth in emerging markets and OBM; the policy is bullish on structural upgrades, with domestic average prices steadily increasing.
Research reports focus | Changjiang Securities: gree electric appliances,inc.of zhuhai profit significantly improved, maintaining a 'buy' rating
On November 12th, according to the research report by Changjiang Securities, gree electric appliances,inc.of zhuhai (000651.SZ) faced short-term pressure on revenue scale in the third quarter, with a significant optimization of gross sales margin and a substantial improvement in profitability. Based on the industry chain, in September 2024, the company's air conditioner shipments decreased by 28.9% year-on-year. The bank believes that with the clearance of channel inventory, coupled with government subsidies driving sales and structure, the company's domestic shipments in the fourth quarter of 2024 may recover, potentially leading to a rebound in scale. The company has formed multiple industrial brand matrices, with business covering both household consumer goods and industrial equipment fields, and achieved upstream and downstream extension layout of the industry chain.
Gree Electric Appliances, Inc. of Zhuhai (000651): Short-term revenue scale under pressure, significant improvement in profitability.
The company disclosed its third quarter report: In the first three quarters of 2024, the company achieved revenue of 146.722 billion yuan, a year-on-year decrease of 5.34%, achieving a net income attributable to the parent of 21.961 billion yuan, a year-on-year increase of 9.30%.
Guotou Securities: Q3 home appliance subsidy policies promote economic improvement, while exports continue to grow rapidly.
Since the end of August, various provinces and cities have successively implemented detailed rules for the 'old for new' subsidy for household appliances, effectively boosting the consumer electronics consumption sentiment. With the continuous efforts of the subsidy policy, the domestic sales outlook for household appliances is expected to bottom out and rebound.
5 consecutive boards, Shanghai Highly (600619.SH): gree electric appliances,inc.of zhuhai (000651.SZ) reduced its shareholding by 0.63%, bringing its stake to below 5%.
shanghai highly (600619.SH) announced that the company received a notice from shareholder gree electric appliances, inc. of zhuhai on November 8, 2024...
Guolian Securities: Domestic sales of household appliances may be entering a crucial moment of shifting gears, with the advantage of 'price bands + channels'.
Driven by the "trade-in old for new" policy, domestic appliance sales may be entering a crucial moment, with significant subsidy sales scale and prominent elasticity of off-season categories.
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