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“中国第一、世界第二”!中国品牌刷屏欧洲杯,这些巨头火了!

"China is first in China, second in the world!" Chinese brands are all over the European Cup, these giants are hot!

Securities Times ·  Jun 16 10:25

On the early morning of June 15, 2024 Beijing time, the opening game of the 2024 European Cup was held in Munich, Germany. At this highly anticipated sports event, there were many Chinese companies, and "Chinese-language dominates European Cup" became a hot search topic.

Hisense "World No.2" Makes a Splash Again At this year's European Cup, the most prominent Chinese brand is the one that displayed "China No.1, More Than World No.2" on the sidelines. Hisense Home Appliances (00921.HK). It is understood that as a regular participant in football events, Hisense is the official sponsor of the 2024 European Cup, and this is the fifth time that Hisense has appeared on the European Cup stage and the fifth sponsorship of the world's top football events. In recent years, the slogan "China No.1, World No.2" for Hisense has caused a lot of discussion. According to public reports, in 2022, Hisense shouted the slogan "World No.2, China No.1", and with the year-over-year growth of global shipments by 18%, it became the first Chinese TV brand with the second largest shipping volume in the world. According to Ovum's all-channel monitoring data, Hisense TV retail sales volume share and retail sales share in the domestic market in 2023 were 26.86% and 29.05% respectively, both ranking first in the industry; in the market for 98 inches and above large screens, Hisense TV volume and share of revenue rank first. In overseas markets, according to Omdia data, Hisense TV overseas shipments increased by 13.9% year-on-year in 2023. In addition, according to market research agency Ovum's data released, Hisense TV's market share of shipments in the first four months of 2024 reached 14.26%, ranking stable at second place in the world. According to Hisense, as of May this year, sales of Hisense TV products priced 500+ US dollars grew by 101% year-on-year; sales of Hisense refrigerators priced 500+ US dollars grew by 91% year-on-year, and sales of Hisense Germany increased by 52% year-on-year. In the overall European market, Hisense TV's shipping volume increased by 35.9% in the first quarter of this year, outperforming the industry, and its sales volume share ranks first among Chinese companies. In addition, in the first match of Germany vs Scotland in this year's European Cup, the Hisense VAR assistant referee technology gave the first red card and the first penalty of this year's European Cup, which attracted attention to the brand. According to the "Global TV Brand Monthly Data Report", this year, the TV industry has shown a characteristic of scale growth driven by structural upgrading. In the first quarter of this year, the global overall color TV market declined by 0.8%, but overseas key markets such as Europe maintained continuous growth. At the same time, the large-screen TV market for 85 inches and 100 inches is growing rapidly, which is driving the upgrade of product structure. On the Hong Kong stock market, the home appliance sector has performed well this year, and the home appliance sector (BK1236.HK) has rebounded by more than 40% since the beginning of this year. In terms of individual stocks, TCL Electronics (01070.HK) has risen by 154.51% since the beginning of the year, Hisense Home Appliances has risen by 99.58%, and Haier Smart Home (06690.HK) has risen by 30.39%. BYD and AliExpress have joined the European Cup for the first time. There are five Chinese companies that have become official sponsors of the European Cup in this year's event, setting a new record for the most sponsors in history, namely: BYD, AliExpress, Alipay, Hisense, and vivo.

At this year's European Cup, the most prominent Chinese brand is the one that displayed "China No.1, More Than World No.2" on the sidelines.$HISENSE HA (00921.HK)$It is understood that as a regular participant in football events, Hisense is the official sponsor of the 2024 European Cup, and this is the fifth time that Hisense has appeared on the European Cup stage and the fifth sponsorship of the world's top football events.

In recent years, the slogan "China No.1, World No.2" for Hisense has caused a lot of discussion. According to public reports, in 2022, Hisense shouted the slogan "World No.2, China No.1", and with the year-over-year growth of global shipments by 18%, it became the first Chinese TV brand with the second largest shipping volume in the world.

According to Ovum's all-channel monitoring data, Hisense TV retail sales volume share and retail sales share in the domestic market in 2023 were 26.86% and 29.05% respectively, both ranking first in the industry; in the market for 98 inches and above large screens, Hisense TV volume and share of revenue rank first.

In overseas markets, according to Omdia data, Hisense TV overseas shipments increased by 13.9% year-on-year in 2023. In addition, according to market research agency Ovum's data released, Hisense TV's market share of shipments in the first four months of 2024 reached 14.26%, ranking stable at second place in the world.

According to Hisense, as of May this year, sales of Hisense TV products priced 500+ US dollars grew by 101% year-on-year; sales of Hisense refrigerators priced 500+ US dollars grew by 91% year-on-year, and sales of Hisense Germany increased by 52% year-on-year. In the overall European market, Hisense TV's shipping volume increased by 35.9% in the first quarter of this year, outperforming the industry, and its sales volume share ranks first among Chinese companies.

In addition, in the first match of Germany vs Scotland in this year's European Cup, the Hisense VAR assistant referee technology gave the first red card and the first penalty of this year's European Cup, which attracted attention to the brand.

According to the "Global TV Brand Monthly Data Report", this year, the TV industry has shown a characteristic of scale growth driven by structural upgrading. In the first quarter of this year, the global overall color TV market declined by 0.8%, but overseas key markets such as Europe maintained continuous growth. At the same time, the large-screen TV market for 85 inches and 100 inches is growing rapidly, which is driving the upgrade of product structure.

On the Hong Kong stock market, the home appliance sector has performed well this year, and the home appliance sector (BK1236.HK) has rebounded by more than 40% since the beginning of this year.$Home Appliances (LIST1236.HK)$In terms of individual stocks, TCL Electronics (01070.HK) has risen by 154.51% since the beginning of the year, Hisense Home Appliances has risen by 99.58%, and Haier Smart Home (06690.HK) has risen by 30.39%.$TCL ELECTRONICS (01070.HK)$Hisense Home Appliances has risen 99.58% since the beginning of the year.$HAIER SMARTHOME (06690.HK)$Increased by 30.39%.

This year's European Cup has five Chinese companies that have become official sponsors of the European Cup, setting a new record for the most sponsors in history, namely: BYD, AliExpress, Alipay, Hisense, and vivo.

In this year's Europe Cup, five Chinese companies became official sponsors, setting a new record for the most sponsors in history. They are:$BYD COMPANY (01211.HK)$- AliExpress, Alipay, Hisense and Vivo.

Byd company limited's new energy autos will serve as the official vehicles of the current UEFA Euro championship, providing green mobility services for the event. At the same time, Byd will showcase multiple models of its cars at the event venues and official fan squares. It is worth mentioning that this is the first time that a Chinese auto brand has served as the official top-level auto sponsor of the European Championship since it was founded in 1958. Previously, this role was held by Volkswagen of Germany.

Alibaba's AliExpress has become the first e-commerce sponsor of the European Cup. During the European Cup, AliExpress will provide global consumers with discounted commodities, interactive games, surprise prizes including match tickets and more. According to UEFA's official statement: "AliExpress is a leading online retail platform in the world, and we will work closely together to provide a new digital experience for this summer's football event."

In addition, TCL, a domestic appliance manufacturer, has recently announced that it will be the official partner of Spain, Italy, Germany, Poland, and Slovakia in the 2024 European Championship. Guangdong Vanward New Electric Corporation, a kitchen and bathroom brand, has also announced that it will be the broadcast partner of iqiyi sports for the 2024 European Championship.

What is the earning power of brand sponsorship? In recent years, the European Championship has shown significant earning power. According to UEFA's 2016 financial report, the 2016 European Championship received a total of 483 million euros in commercial sponsorship and licensing, accounting for 25% of the event's total revenue. According to data from the Football Benchmark website, sponsorship and licensing revenues for the 2020 European Championship were approximately 500 million euros. The sponsorship amount for the 2024 European Championship has not yet been disclosed, but based on past data, it is estimated that five Chinese companies will each have to pay UEFA at least 40-50 million euros to secure one of the 13 sponsorship positions. $Guangdong Vanward New Electric (002543.SZ)$Guangdong Vanward New Electric Corporation has announced that it will be the broadcast partner of iqiyi sports for the 2024 European Championship.

What is the earning power of brand sponsorship?

In recent years, the European Championship has shown significant earning power. According to UEFA's 2016 financial report, the 2016 European Championship received a total of 483 million euros in commercial sponsorship and licensing, accounting for 25% of the event's total revenue. According to data from the Football Benchmark website, sponsorship and licensing revenues for the 2020 European Championship were approximately 500 million euros. The sponsorship amount for the 2024 European Championship has not yet been disclosed, but based on past data, it is estimated that five Chinese companies will each have to pay UEFA at least 40-50 million euros to secure one of the 13 sponsorship positions.

What is the earning power of brand sponsorship? Based on rough estimates from past data, five Chinese companies will need to pay UEFA at least 40-50 million euros to secure one of the 13 sponsorship positions for the 2024 European Championship.

What is the earning power of brand sponsorship? Taking Hisense as an example, the Chinese electronics company that sponsored the European Championship for the first time in 2016 saw a roughly 35% average increase in sales in the European market. Sales in France, which hosted the European Championship in 2016, increased by nearly 300%.

In addition, Chinese brand sponsorship of overseas events is seen as a great opportunity to expand overseas markets. Byd has stated publicly that it hopes to "create a new benchmark for Chinese new energy cars going abroad and to lead Chinese new energy cars 'out' towards the global market."

Editor/tolk

The translation is provided by third-party software.


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