China Securities Co.,Ltd. stated that the year-end market is an important investment opportunity period for the home appliance Industry, where the essence of valuation switching lies in steady performance growth digesting valuation. The home appliance Sector is recognized as a stable performance industry, with excellent fundamentals forming the first condition for valuation switching in the home appliance Sector, while another fundamental condition is low or not overvalued valuations. By reviewing the cross-year market of the home appliance Industry in previous years, it was found that when there is no systemic risk in the market, if steady performance growth expectations + low valuations, the probability of stock price increases during this period is high. Looking forward to 2025, it is believed that with national subsidies for the home appliance fundamentals continuing, there will be significant growth, and there is no need to worry too much about overseas demand; the valuation in 2025 is still at a low level and not overvalued. Considering the rhythm of the fundamentals in 2025, it is believed that the first quarter of 2025 will be a good investment opportunity for valuation switching in the home appliance Sector.