Home appliance stocks are generally up, as of press time, Hisense Ha (00921) rose 4.13%, to HKD 23.95; Haier SmartHome (06690) rose 3.43%, to HKD 25.6; Skyworth Group (00751) rose 2.18%, to HKD 2.81.
According to the Wisdom Finance app, home appliance stocks are generally up, as of press time, Hisense Ha (00921) rose 4.13%, to HKD 23.95; Haier SmartHome (06690) rose 3.43%, to HKD 25.6; Skyworth Group (00751) rose 2.18%, to HKD 2.81; TCL Electronics (01070) rose 1.4%, to HKD 5.06.
In terms of news, the National Development and Reform Commission recently issued a policy to promote the replacement of old household appliances with new ones. Compared to the policies of promoting household appliances to rural areas and replacing old with new ones in China from 2007 to 2010, this policy provides greater subsidies for high energy-efficiency rated household appliances. In addition, according to the latest report on major white goods production plans by Industry Online, the total production capacity of air conditioners, refrigerators and washing machines in August 2024 will be 26.72 million units, an increase of 1.1% compared to the same period last year. Among them, the production of household air conditioners in August was 11.989 million units, an increase of 5.3% compared to the same period last year.
China Great Wall Securities believes that in the short term, it is expected to boost consumers' willingness to purchase and unleash purchasing power, driving sales of high-quality products of leading enterprises in related industries from 2024H2 to 2025. In the long term, it is expected to encourage both home appliance companies and consumers to pay attention to and value high-quality, cost-effective and energy-saving and emissions-reducing products that are iteratively upgraded; promote the further development of the home appliance industry towards the common direction of market trends, consumer demands and national expectations, further enhance the global competitiveness of domestic enterprises, and provide assistance to expanding domestic demand and overseas brand-building.