Jinwu Financial News | Home appliance stocks rose 4.49%, Skyworth Group (00751) rose 2.14%, VESYNC (02148) rose 1.29%, and Haier Smart Home (06690) rose 1.15%.
Guotai Junan said that by comparing the average sales price of each category during the subsidy period with the cumulative average annual price before the subsidy, the absolute price of online channels increased across the board. Furthermore, under the guidance of subsidies on high energy efficiency standards, the average price increase of categories such as color TV, which originally had a high share of low energy efficiency, was most obvious (the impact of changes in panel prices is not involved here). Air conditioner production and sales data were released in October, and domestic and foreign sales maintained a high year-on-year growth rate. According to industry online monitoring data, in October 2024, 14.057 million household air conditioners were produced, +48.0% year over year; 12.869 million units were sold, +37.9% year over year. Among them, domestic sales shipped 6.289 million units, +24.1% YoY, and 6.58 million units exported, +54.3% YoY. According to the bank, white electricity is the most stable, and it is the direction that benefits most directly from policy incentives.
