Core Insights - The black home appliance sector experienced a 1.9% increase on August 22, with Tongzhou Electronics leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Tongzhou Electronics (002052) closed at 20.25, up 5.52% with a trading volume of 815,600 shares and a transaction value of 158.1 million [1] - Jiulian Technology (688609) closed at 12.00, up 3.36% with a trading volume of 325,400 shares and a transaction value of 38.6 million [1] - Sichuan Changhong (600839) closed at 11.93, up 3.02% with a trading volume of 4,688,200 shares and a transaction value of 554.8 million [1] - Other notable stocks include XGIMI Technology (688696) at 121.56, up 0.98%, and Hisense Visual (600060) at 21.67, up 0.79% [1] Capital Flow - The black home appliance sector saw a net outflow of 73.99 million from main funds, while retail funds had a net inflow of 9.99 million [2] - Speculative funds recorded a net inflow of 63.99 million [2]

Core Viewpoint - Suning.com and Hisense have launched the "99 Hi-buy Festival" to promote consumer electronics, focusing on product upgrades and innovative experiences to enhance home consumption quality [1][6]. Group 1: Sales and Product Launches - During the 818 shopping festival, sales of 98-inch and larger TVs increased by 70.9%, while new wind-free air conditioners saw an 80% growth, and multi-tub washing machines grew by 44% [3]. - The 99 Hi-buy Festival will feature new product launches, including RGB-Mini LED 100-inch TVs, C320 Pro new wind air conditioners, and various models of refrigerators, expanding consumer choices for upgrades [3][6]. Group 2: Consumer Experience and Engagement - The festival will incorporate cross-industry experiences such as sports, esports, and talk shows, including a KPL water friend competition with the champion team "Wolf Team" to engage consumers [4]. - Suning.com aims to create immersive shopping experiences by replicating home environments in stores, allowing consumers to interact with new smart appliances [3]. Group 3: Promotions and Services - The festival features significant promotions, including up to 6,000 yuan savings on bundled purchases, large live-streaming coupons, and double points for rewards [6]. - Enhanced service guarantees include zero installation fees and a three-year warranty on all products in the Brilliant series [6].

Core Viewpoint - The article highlights the increasing legal challenges faced by Chinese companies, particularly Hisense, in Europe regarding patent infringements, emphasizing the strategic implications of these lawsuits on their market expansion efforts [1][3]. Group 1: Legal Actions and Implications - NEC has filed two patent infringement lawsuits against Hisense and other companies in Europe, marking the third legal challenge Hisense has faced in the region [1][3]. - The lawsuits focus on essential patents related to the High Efficiency Video Coding (HEVC/H.265) standard, which is critical for Hisense's high-end products like smart TVs and streaming devices [3][7]. - The timing of NEC's lawsuit coinciding with ETRI's lawsuit against Hisense raises questions about potential coordinated enforcement strategies among patent pool members [3][7]. Group 2: Court Details and Proceedings - The lawsuits are being processed in the Mannheim local division of the European Unified Patent Court, known for its rapid adjudication of patent cases [3][6]. - The specific patent numbers involved in the lawsuits include EP2645714 and EP3057321, both related to video decoding technologies [5][6]. Group 3: Hisense's Response and Strategy - In response to Nokia's H.264/H.265 patent lawsuit, Hisense has counter-sued in the UK High Court to establish a fair, reasonable, and non-discriminatory (FRAND) licensing rate [7]. - Hisense may challenge the validity of the patents involved, leveraging past instances where certain patents in the HEVC pool were questioned for their technical contributions [7]. - Hisense's previous licensing agreement with DivX in Brazil indicates a strategy of selective licensing to mitigate litigation risks, which may be applied in the European market as well [7].

Core Insights - The Ministry of Industry and Information Technology has officially announced the first batch of high-level quality management capability enterprises, with Hisense Visual Technology being included due to its comprehensive digital quality management system and AI-enabled smart manufacturing practices [1] Group 1: Quality Management - Hisense Visual Technology has established an advanced Quality Management System (QMS) that integrates AI technology, enhancing quality management from experience-based judgment to data-driven decision-making [1] - The recognition as a high-level enterprise indicates Hisense's leadership in quality management maturity, process control effectiveness, continuous quality improvement, and superior quality performance within the domestic manufacturing sector [1] Group 2: Smart Manufacturing - Hisense Visual Technology has innovatively applied lightweight six-axis collaborative robots in precision operations, increasing the automation rate of production lines from 30% to 71% [2] - The company has developed a strong industry chain integration capability, supported by its position as the second-largest global display technology provider, with a consistent global shipment volume ranking [2]

Core Insights - The Cologne Game Show on August 20 attracted global player attention, showcasing the new title "Black Myth: Zhong Kui" from Game Science, coinciding with the one-year anniversary of "Black Myth: Wukong" [1] - Hisense TV, the global official partner for "Black Myth: Wukong," set up two giant 100-inch screens at the event, enhancing the gaming experience for attendees [1] Group 1 - The "Shadow Blade Zero" exhibition area was lively, with Hisense displaying 10 large-screen TVs for international players to experience the martial arts world [3] - Hisense TVs have established a strong reputation in the gaming community, particularly the E8Q Pro model, known for its "peak picture quality" and advanced gaming features [3] Group 2 - The Hisense H7 AI Picture Quality Chip significantly enhances gaming visuals by optimizing dark and bright scenes, ensuring clarity in details like textures and dynamic effects [5] - The Ultra Black Screen features a low anti-reflective rate of 1.28%, allowing for clear visuals even in bright environments, and offers a wide viewing angle of 178 degrees for group gaming experiences [5] - The combination of "Black Myth: Zhong Kui" and the Hisense E8Q Pro at the Cologne Game Show highlights the trend of upgrading home entertainment setups for immersive gaming experiences, moving beyond traditional viewing [5]

Group 1 - The 2024 Gamescom in Cologne, Germany, officially opened on August 20, showcasing the new game "Black Myth: Zhong Kui" by Game Science, coinciding with the one-year anniversary of its previous title "Black Myth: Wukong" [1] - The game visuals and technical demonstrations received widespread attention from international gaming media and players, reinforcing the position of Chinese game developers in the global AAA game market [1] - Hisense, as the global official partner for "Black Myth: Wukong," showcased two 100-inch televisions at the event to display high-definition game visuals, along with providing 10 large-screen TVs for the demo area of the popular domestic game "Shadow Blade Zero" [4] Group 2 - The Hisense E8Q Pro features the XinXin AI picture quality chip H7, which can intelligently optimize dark details and highlights in real-time, reducing motion blur during dynamic scenes [3] - The E8Q Pro's Ultra Black Screen has a low anti-reflective rate of 1.28%, approximately 75% lower than standard TVs, ensuring good viewing quality in complex lighting environments [6] - The trend of immersive gaming experiences is shifting living room gaming from traditional viewing entertainment, creating new market opportunities for TV manufacturers in gaming display technology [9]

Market Overview - The black home appliance sector experienced a decline of 0.23% on August 21, with Sichuan Changhong leading the drop [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Stock Performance - Notable gainers included: - Feichi Co., Ltd. (002429) with a closing price of 5.47, up 10.06% [1] - XGIMI Technology (688696) at 120.38, up 4.33% [1] - Significant decliners included: - Sichuan Changhong (600839) at 11.58, down 5.00% [1] - Sichuan Jiuzhou (000801) at 17.42, down 1.97% [1] Capital Flow - The black home appliance sector saw a net outflow of 234 million yuan from institutional investors and 315 million yuan from retail investors, while retail investors had a net inflow of 549 million yuan [1] - Detailed capital flow for selected stocks: - Feichi Co., Ltd. had a net inflow of 385 million yuan from institutional investors [2] - Hisense Visual (600060) saw a net outflow of 15.76 million yuan from institutional investors [2] - Sichuan Changhong experienced a net outflow of 470 million yuan from institutional investors [2]

Core Viewpoint - Hisense Visual (600060.SH) is set to launch its AI glasses in the second half of this year [1] Company Summary - Hisense Visual has announced the expected release and market introduction of its AI glasses [1]

Core Insights - The 2024 Gamescom in Cologne, Germany, opened on August 20, showcasing the new game "Black Myth: Zhong Kui" by Game Science, coinciding with the one-year anniversary of "Black Myth: Wukong" [1] - The event highlighted the growing recognition of Chinese game developers in the global AAA game market [1][2] - Hisense, as the global official partner for "Black Myth: Wukong," showcased advanced display technology, including two 100-inch screens for game demonstrations [1] Group 1: Game Development - The international gaming media and players showed significant interest in the technical demonstrations and visuals of "Black Myth: Zhong Kui" [1] - The presence of high-quality Chinese games like "Black Myth: Zhong Kui" and "Shadow Blade Zero" is increasing in the international market, raising the technical requirements for supporting display devices [2] Group 2: Display Technology - Hisense's E8Q Pro features the XinXin AI picture quality chip H7, which optimizes game visuals in real-time, enhancing dark details and highlights [1] - The E8Q Pro's Ultra Black Screen has a 1.28% ultra-low reflectivity, reducing glare by approximately 75% compared to standard TVs, ensuring good viewing quality in complex lighting [1] - The screen supports a 178-degree wide viewing angle, catering to multi-user viewing scenarios [1] Group 3: Market Trends - The shift from traditional viewing to immersive gaming experiences in living rooms presents new market opportunities for TV manufacturers in gaming display technology [2] - The synergy between the Chinese gaming industry and display technology is becoming increasingly evident, fostering a positive cycle of technological advancement that enhances the competitiveness of Chinese tech products in the international market [2]

Group 1 - The core viewpoint of the news highlights a decline in the production of color televisions in China, with a projected output of 16.25 million units by June 2025, representing a year-on-year decrease of 11.1% [1] - In the first half of 2025, the cumulative production of color televisions in China reached 91.871 million units, showing a cumulative decline of 5.5% [1] - The report is based on data from the National Bureau of Statistics and is compiled by Zhiyan Consulting, which specializes in industry research [3] Group 2 - The listed companies in the television industry include TCL Technology, Skyworth Digital, Hisense Visual, Sichuan Changhong, Shenzhen Konka, Zhaochi Co., Hisense Home Appliances, and Rainbow Co. [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and customized services [2]