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GF Sec: Domestic sales in the household appliance industry are slowing down, while exports are maintaining a relatively high level of prosperity.
In Q3 24, the performance of white goods online channels is relatively good, both air purifiers and refrigerators achieved growth, with air conditioners performing the best, achieving growth across all channels.
In the second quarter of 2022, Beijing Roborock Technology (stock code: 688169.SH) ranked first both in terms of volume and value in the global floor sweeping robot market, marking the first time for a Chinese manufacturer to reach the top.
Recently, the third-party market consulting firm IDC released the "Global Smart Home Device Market Quarterly Tracking Report, Q2 2024". The report shows that in the second quarter, global shipments of smart floor cleaning robots reached 5.117 million units, a year-on-year increase of 15.7%. Among them, Beijing Roborock Technology had the highest shipment volume this quarter, making it the first Chinese manufacturer to dominate the smart floor cleaning robot market. In the first half of the year, with the upgrade of product functions and the accelerated release of new products, the proportion of high-end products in the shipment of floor cleaning robots has increased, driving up the average unit price, which reached $485 in the domestic market in the second quarter. Chinese manufacturers are also "going global".
Beijing Roborock Technology President Quan Gang was interviewed by the well-known American media Business Insider, talking about how Chinese technology products are changing the lifestyle of global users.
At the just-concluded IFA exhibition, many technology companies from China became the stars of the exhibition, attracting high attention from global media. Beijing roborock technology, as the world's most influential intelligent cleaning appliance company, was certified by a well-known institution in March this year as the global sales leader of floor-sweeping robots in 2023. Over the past ten years, Beijing roborock technology has swept across the globe, entering 15 million households and becoming the most familiar cleaning appliance brand for global consumers. Its remarkable growth story has also been the focus of overseas readers. How to build a globally renowned technology brand in ten years, and what will be the future of smart home cleaning? Recently, the president of Beijing roborock technology
Haitong Securities: In August, the sales volume and price of sweeping robots both increased, and the growth of Beijing Roborock Technology (688169.SH) accelerated quarter-on-quarter. The floor scrubbers are traded for volume based on price.
In the field of sweeping robots, beijing roborock technology accounts for 24.52% and has increased by 3.42 percentage points. The roborock brand's market share continues to be number one.
Beijing Roborock Technology (688169.SH) shines at IFA Centenary Exhibition: wins multiple awards, unanimously praised by global media.
When an exhibition has been around for 100 years, especially a technology exhibition, you will find many things being overturned: appliances have changed from huge boxes to palm-sized smart devices, households have transitioned from the surprise of light bulbs to the seamless experience of siasun robot&automation and smart cleaning.
GF Securities: A new round of cyclical evolution in the home appliance sector, with white goods taking the lead in this stage.
From a long-term perspective, the sector has experienced three complete bull and bear cycles since 2013, and is currently entering a new cycle. From a short-term perspective, the household appliance sector shows significant differentiation.
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