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Unusual direct hit | Home appliance stocks rose across the board, with Hisense Haier and Haier SmartHome rising more than 5%. The implementation of the trade-in subsidy.
The National Development and Reform Commission and two other departments recently released several measures to coordinate and arrange approximately 300 billion yuan of long-term special national bond funds to provide increased support for large-scale equipment upgrades and consumer goods trade-ins.
Hong Kong stocks fluctuations | Home appliances stocks are trending lower in the morning, with sector valuation falling back. In the first half of the year, the market structure and prices of household appliances have both declined.
At midday, shares of home appliances showed a downward trend. As of press time, Hisense Ha (00921) fell by 3.30%, closing at HKD 21.95; vesync (06690) fell by 1.62%, closing at HKD 4.26; Skyworth Group (00751) fell by 1.07%, closing at HKD 2.77.
CEO & Executive Director of Skyworth Group Chi Shi Buys 3.0% More Shares
Investors One-year Losses Continue as Skyworth Digital (SZSE:000810) Dips a Further 7.0% This Week, Earnings Continue to Decline
China International Capital Corporation: Short-term adjustments and long-term comparative advantages help improve the valuation of the home appliance sector.
The global market has broad space, and the domestic appliance leader is globally leading in efficiency, research and development, online channels, and governance mechanisms. The global growth of China's home appliances comes from the increase of existing market share, the market growth driven by the introduction of China's technological innovation products in Europe and America, and the increase in penetration rate of entry-level home appliances in emerging markets.
Omdia: Chinese panel manufacturers dominate the 98 and 100-inch television panel market, promoting the development of China's television industry.
According to the latest analysis by Omdia, LCD television displays have become an oligopoly industry controlled by a few powerful Chinese panel manufacturers such as BOE, CSOT, and HKC.
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