中国青年报客户端讯（中青报·中青网记者 慈鑫）12月21日，备受关注的"大力神杯来中国暨海信2026世 界杯定制产品展"在青岛奥帆中心举行。 来源：中国青年报客户端 展出现 场。活动主办方供图 "大力神杯"是国际足联世界杯冠军奖杯，象征着世界足坛的至高荣耀。 此次活动反响火爆，预约人数超出预期，活动主办方紧急增加参观名额。此次"大力神杯"的真身展览仅 持续一天，是中国球迷近距离欣赏世界杯冠军奖杯的难得机会。 作为2026年世界杯全球官方赞助商，海信为顶级赛事量身定制的全系列科技产品也在本次活动期间亮 相。 ...

Group 1: Industry Trends - 2025 marks a pivotal year for the global technology industry, transitioning from "smart connectivity" to "intelligent autonomy" [1] - Hardware products are entering a new era of "edge AI explosion," driven by advancements in AI technology, the proliferation of 5G-A, and sustainable development [1] - The transformation of smart hardware is shifting from "single hardware parameters" to a "full-scenario intelligent ecosystem" [1] Group 2: Consumer Electronics and Innovations - Seamless integration between different types of devices is becoming more common, enhancing user experience across smartphones, computers, and tablets [1] - The rise of smart home appliances, automotive technology, and drones is significantly transforming lifestyles and industrial models [1] - The automotive sector is redefining its role, moving beyond being just a transportation tool to becoming part of a broader economic opportunity in low-altitude airspace [1] Group 3: 2025 EDGE Awards - The 2025 EDGE Awards will recognize outstanding technological products that have made significant contributions in functionality, design, user experience, and market performance [3] - Award-winning products are expected to address industry pain points, optimize user experiences, and explore new scenarios, setting market benchmarks and driving innovation [3] - The awards will highlight the most innovative products of the year, showcasing the profound impact of technological innovation on human life [3]

今天上午，象征着世界足球最高荣誉的世界杯冠军奖杯——大力神杯在青岛奥帆中心迎来了首秀，数千 名岛城球迷有幸来到现场，与大力神杯近距离接触。而作为这次活动的主办方，2026年美加墨世界杯官 方赞助商海信，在现场展出了世界杯定制产品的全套阵容，800多人组成的方阵，挑战最多人组成的大 力神杯图形，从而创下吉尼斯世界纪录，更是让本次活动写进了历史。 自从1970年世界杯上，巴西第三次夺冠，从而永久保留了雷米特杯后，国际足联于1974年德国世界杯 上，正式启用了意大利艺术家加扎尼加设计的新奖杯。该奖杯高36.8厘米，重6.175公斤，主体以4.97公 斤18K黄金铸造，基座宽13厘米并嵌有孔雀石雕刻的"FIFA"字样，其造型为两名运动员托举地球，在奖 杯基座镌刻夺得冠军的国家名称。由于造型的两个运动员看上去很像是大力士，所以被命名为大力神 杯。 当天，在活动现场，海信展出了世界杯官方定制产品的全套阵容，包括电视、冰箱、空调、洗衣机等家 电产品，球迷现场体验了世界杯定制家电的黑科技，享受了顶级看球体验。值得一提的是，当天在奥帆 中心，800多人组成的方阵，摆出了大力神杯造型，挑战最多人的吉尼斯世界纪录成功，让本次活动进 ...

Core Viewpoint - Hisense, as the global official sponsor of the 2026 World Cup, showcased a range of customized technology products at the "Hercules Cup Comes to China" event, highlighting the integration of sports IP and technology products, while also setting a Guinness World Record for the largest human Hercules Cup formation [1][2][3] Group 1: Event Highlights - The event took place at the Qingdao Olympic Sailing Center and attracted significant attention, with pre-registration numbers exceeding expectations, prompting Hisense to increase visitor capacity [1] - Attendees included fans and technology enthusiasts eager to experience the Hercules Cup and the innovative World Cup customized products [1] Group 2: Product Innovations - Hisense introduced the world's first RGB-Mini LED TV, which accurately replicates the passionate atmosphere of the World Cup [2] - The Hercules air conditioner features a starry human-sensing smart wind technology with an industry-leading fresh air volume of 270m³/h, ensuring a comfortable viewing environment [2] - The refrigerator utilizes pioneering vacuum magnetic field preservation technology to keep fruits and beverages fresh, catering to various viewing scenarios [2] - The large mint washing machine offers a segmented washing function, enhancing the consumer experience during the events [2] Group 3: Brand and Market Strategy - Hisense's collaboration with FIFA is seen as a way to merge sports spirit with technological innovation, enhancing the brand's global presence [3] - The company aims to deepen its sports IP layout and strengthen its global technology brand image through product innovation and brand activities [3] - With the approach of the 2026 World Cup, Hisense is positioned to expand its global market presence, showcasing the international influence of Chinese technology companies [3]

Group 1 - The core event showcased the FIFA World Cup trophy, the Jules Rimet Cup, in Qingdao, highlighting the intersection of technology and sports through Hisense's specially designed refrigerators for the 2026 World Cup [1][2] - Hisense presented three models of refrigerators: the Hisense Brilliant Vacuum First-Class 501, the Hisense Brilliant Vacuum First-Class 650, and the Hisense Big Mint 509, emphasizing their innovative vacuum preservation technology [2][4] - The vacuum preservation technology creates a sealed environment that prevents oxidation and inhibits enzyme activity, achieving superior freshness, as demonstrated by the 7-day storage test of beef in the Hisense Brilliant Vacuum First-Class 501 refrigerator [2][4] Group 2 - Hisense refrigerators are leading the vacuum preservation market in China, with sales data from Aowei Cloud Network indicating they hold the top position in 2024 [4] - Internationally, Hisense refrigerators ranked first in sales across 13 countries, including Canada, France, and Mexico, and achieved dual victories in markets like the Czech Republic and South Africa [4] - The exhibition linked the pursuit of peak performance in sports with the need for maintaining food freshness, reinforcing the brand's commitment to high-quality and healthy living through technological innovation [4]

Group 1 - The core event was the Guinness World Record challenge for the "largest human formation of the Hercules Cup," successfully initiated by Hisense, the global official sponsor of the 2026 World Cup [1][8] - The Hercules Cup symbolizes the highest honor in football, representing the pursuit of dreams and excellence, as demonstrated by the coordinated efforts of nearly a thousand participants [3][8] - Hisense showcased a full range of products customized for the 2026 World Cup, including the innovative RGB-Mini LED TV, enhancing the viewing experience for consumers [6][8] Group 2 - Hisense's products, such as the Hercules air conditioner and refrigerators utilizing advanced technologies, aim to provide a healthy and comfortable viewing environment for fans [5] - The successful Guinness World Record challenge reflects Hisense's brand vitality and technological strength, closely linking the brand with the enthusiasm for football [8]

Core Viewpoint - The event "Hercules Cup Comes to China and Hisense 2026 World Cup Customized Product Exhibition" was held in Qingdao, showcasing Hisense's technology products as the official global sponsor for the 2026 World Cup, providing an immersive experience for thousands of attendees [1][3]. Group 1: Event Highlights - The Hercules Cup symbolizes the pinnacle of world football, and the event saw overwhelming interest, leading to an increase in visitor slots due to high pre-registration numbers [3]. - Attendees eagerly awaited the exhibition, which opened at 10 AM, demonstrating the strong enthusiasm among fans and technology enthusiasts to experience the Hercules Cup and Hisense's future technologies [3]. Group 2: Product Offerings - Hisense unveiled a full range of products tailored for the 2026 World Cup, including the globally innovative RGB-Mini LED TV, which enhances the viewing experience with vibrant displays [5]. - The Hisense Hercules Air Conditioner features a starry human-sensing wind technology with an industry-leading fresh air volume of 270m³/h, designed to create a comfortable viewing environment for fans [5]. - Hisense refrigerators utilize vacuum magnetic field preservation and WILL natural fresh-keeping technology to provide fresh fruits and beverages, ensuring energy for fans during late-night matches [7]. Group 3: Consumer Engagement - The event allowed Chinese fans to closely interact with the Hercules Cup and experience the excitement of the upcoming 2026 World Cup through innovative technology [9]. - Hisense launched multiple exclusive benefits for consumers during the event, including discounts on World Cup customized products available online and in physical stores [13]. - Promotions included up to 40% off on purchases, with additional bundle discounts and opportunities to win prizes related to the World Cup [14].

Group 1: Legal Framework Development in Shandong - The Shandong Provincial Committee held a meeting to promote comprehensive rule of law in the province, focusing on legislative, administrative, and judicial improvements [1][2] - Emphasis was placed on scientific legislation, optimizing the business environment, and enhancing public legal services [1][2] - The meeting aims to strengthen the rule of law as a foundation for high-quality economic and social development in Shandong [2] Group 2: Government Investment Fund Development - Shandong issued implementation opinions to promote the high-quality development of government investment funds, aligning with national guidelines [3] - The opinions stress a structured approach to fund management, emphasizing risk-sharing and regulatory compliance [3] - The initiative aims to enhance the effectiveness of government investment funds in supporting economic and social development [3] Group 3: Shandong's Top Enterprises - The 2025 list of Shandong's top 200 enterprises shows a total revenue of 10.34 trillion, with Shandong Energy Group leading at 866.48 billion [4][5] - The top ten companies include major players like Weiqiao Pioneering Group and Haier Group, reflecting a strong industrial base [4][5] - Industrial enterprises contribute 76.8% of the revenue among the top 200, highlighting the industrial characteristics of Shandong's economy [4] Group 4: Innovation in Power Generation - The world's first commercial supercritical carbon dioxide power generation unit was successfully commissioned in Guizhou, marking a significant technological milestone [6][7] - This technology improves efficiency by over 50% and reduces water consumption by 50%, showcasing advancements in energy generation [6][7] - The project represents a key step for Jinan Steel Group in transitioning from traditional manufacturing to green technology [7]

Investment Rating - The industry investment rating is "Overweight" [5] Core Insights - The home appliance industry is experiencing pressure in both domestic and international sales, with iRobot announcing bankruptcy restructuring, which will be acquired by Chinese manufacturer Shanjun Robotics [2][5] - In November, the retail sales of home appliances and audio-visual equipment reached 100 billion yuan, a year-on-year decline of 19.4%, while the cumulative annual sales reached 1,074.9 billion yuan, with a year-on-year increase of 14.8% [5] - The production and sales data for home air conditioners in November showed a production of 10.577 million units, a year-on-year decrease of 36.7%, and sales of 10.492 million units, a year-on-year decrease of 31.8% [5] Summary by Sections Investment Recommendations - Key drivers for investment include overseas expansion and smart home technology, recommending leading companies in the robotic vacuum sector: Roborock (21.1X 2025 PE) and Ecovacs (21.5X) [5] - Companies with stable performance and upward potential include Ninebot (20.6X), Anfu Technology (41.7X), Hailong Cold Chain (14.6X), and Beiding Co. (30.4X) [5] - For companies with robust operations and high dividends, recommendations include TCL Electronics (12.2X), Hisense Visual (12.9X), Midea Group (13.5X), and Haier Smart Home (12.2X) [5] - Companies diversifying into new sectors include Rongtai Health (18.7X) and Wanlong Magnetic Plastic (18.9X) [5] Market Performance - The retail sales growth rate further narrowed in November, with the total retail sales of consumer goods reaching 43,898 billion yuan, a year-on-year increase of 1.3% [5] - The domestic market faces pressure from the decline in national subsidies and high base effects, while the export market is constrained by high base effects and inventory reduction in some overseas markets [5] Company Developments - iRobot has announced its bankruptcy and will be acquired by Shanjun Robotics, with the restructuring process expected to be completed by February 2026 [5] - The founder of Chasing Technology, Yu Hao, plans to acquire 54.90% of Jiamei Packaging, with a total transaction value of approximately 2.282 billion yuan [5]

Investment Rating - The report maintains a positive investment outlook for companies focusing on overseas markets, particularly in the Americas and emerging markets, despite challenges in domestic sales [4][5]. Core Insights - The report emphasizes the importance of "going abroad" as a key strategy for growth, with expectations for better investment returns from overseas-focused companies in 2026, especially as domestic demand faces pressures from policy and market conditions [4][5]. - It identifies three main factors suppressing domestic sales of durable goods: the depletion of government subsidies, high base effects, and weak housing transaction demand [5][6]. - The report suggests that companies with strong operational performance and low valuations, as well as those benefiting from policy or technological catalysts, are potential investment opportunities [5][6]. Summary by Sections 2025 Review - The report notes that the home appliance and light industry sectors have underperformed compared to the CSI 300 index, primarily due to weakening domestic demand and external tariff disruptions [9][11]. - It highlights that the home appliance sector has faced challenges from declining government subsidies and ongoing tariff issues, leading to a significant drop in export performance [9][10]. 2026 Outlook - The report anticipates that domestic housing demand will continue to decline, with new housing starts and sales expected to drop by 4.8% in 2026 [36][39]. - It predicts that the overseas sales performance of home appliance and furniture companies may improve in the second quarter of 2026, driven by base effects and potential recovery in the U.S. housing market [78][80]. - The report emphasizes that companies with significant exposure to the U.S. and emerging markets are likely to benefit from improving demand conditions [80][81]. Recommended Stocks - The report recommends furniture companies with a presence in the U.S., Latin America, and Europe, such as Kuka Home, which are expected to benefit from a recovery in U.S. housing transactions [7]. - It also suggests consumer electronics and home appliance companies with operations in Latin America, North America, and Southeast Asia, including Anker Innovations and Haier Smart Home, ranked by their exposure to these markets [7]. - Lastly, it highlights export-oriented companies in Europe, such as Ecovacs and Roborock, noting that while growth potential is strong, profitability may be pressured by increased competition [7].