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Guolian Securities: Valuation repair of the home appliance late cycle needs to be tracked, and the impact of channel changes on market share is worth paying attention to.
The impact of channel changes on market share is worthy of attention, and leading household appliance companies may gain incremental growth in the process of sinking channels and emerging in the whole-house channel, with new categories expected to achieve better growth.
Tianfeng Securities: Continuous improvement in the profitability of household appliances, domestic sales expectations may reverse.
Recently, the central government has implemented a policy of trading in old for new, with subsidies comparable to those for rural household appliances. The domestic sales are currently in a major renewal cycle, and the policy's elasticity in implementation can be expected, potentially leading to a reversal in domestic sales expectations.
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Gree Electric: 2024 Semi-Annual Report
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