Market Overview - The white goods sector experienced a slight decline of 0.1% on November 4, with Changhong Meiling leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable stock performances in the white goods sector included: - Snowman Electric (001387) closed at 14.07, up 0.64% with a trading volume of 23,100 shares - TCL Smart Home (002668) closed at 11.10, up 0.63% with a trading volume of 348,200 shares - Gree Electric (000651) closed at 39.71, up 0.48% with a trading volume of 398,200 shares - Haier Smart Home (600690) closed at 26.65, down 0.26% with a trading volume of 447,900 shares - Midea Group (000333) closed at 75.16, down 0.31% with a trading volume of 302,600 shares [1] Capital Flow - The white goods sector saw a net inflow of 177 million yuan from institutional investors, while retail investors experienced a net outflow of 77.63 million yuan [1] - Detailed capital flow for key companies included: - Midea Group (000333) had a net inflow of 97.02 million yuan from institutional investors, while retail investors had a net outflow of 13.1 million yuan [2] - Gree Electric (000651) saw a net inflow of 74.56 million yuan from institutional investors, with retail investors experiencing a net outflow of 3.70 million yuan [2] - Haier Smart Home (600690) had a net inflow of 54.68 million yuan from institutional investors, while retail investors had a net inflow of 617,320 yuan [2]

Market Overview - The white goods sector experienced a decline of 0.85% on November 3, with Midea Group leading the drop [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Aokema (600336) saw a closing price of 7.30, with an increase of 3.11% and a trading volume of 241,300 shares, totaling 174 million yuan [1] - TCL Smart Home (002668) closed at 11.03, up 1.29%, with a trading volume of 419,700 shares, amounting to 459 million yuan [1] - Midea Group (000333) closed at 75.39, down 1.32%, with a trading volume of 282,000 shares, totaling 2.132 billion yuan [1] Capital Flow Analysis - The white goods sector saw a net outflow of 559 million yuan from institutional investors, while retail investors contributed a net inflow of 510 million yuan [1] - Among individual stocks, Hisense Home Appliances (000921) experienced a net outflow of 35.42 million yuan from institutional investors [2] - Aokema (600336) had a net inflow of 17.79 million yuan from institutional investors, while retail investors contributed a net inflow of 4.70 million yuan [2]

Core Viewpoint - Whirlpool, a well-known global home appliance company, has shown competitive performance in terms of revenue and net profit within the industry, ranking sixth in revenue and fourth in net profit among its peers in the third quarter of 2025 [2][3]. Group 1: Company Overview - Established on March 30, 2000, and listed on the Shanghai Stock Exchange on July 27, 2004, Whirlpool is headquartered in Hefei, Anhui Province, China [1]. - The company's core business includes the production, sales, and service of washing machines, refrigerators, microwaves, motors, and controllers, with significant technological expertise and brand influence [1]. Group 2: Financial Performance - In Q3 2025, Whirlpool's revenue was 3.297 billion yuan, ranking sixth among seven companies in the industry, with the industry leader, Haier Smart Home, generating 234.054 billion yuan [2]. - The net profit for the same period was 317 million yuan, placing Whirlpool fourth in the industry, while Haier Smart Home led with a net profit of 17.842 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Whirlpool's debt-to-asset ratio was 51.26%, an increase from 48.68% year-on-year, but still below the industry average of 65.32%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 17.24%, up from 14.13% year-on-year, surpassing the industry average of 15.61%, reflecting improved profitability [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.08% to 16,700, while the average number of circulating A-shares held per shareholder decreased by 10.78% to 45,900 [5]. - Hong Kong Central Clearing Limited emerged as the eighth largest circulating shareholder with 2.7807 million shares, while a previous major shareholder,招商量化精选股票发起式A, exited the top ten list [5].

证券代码：600983 证券简称：惠而浦 公告编号：2025-028 惠而浦（中国）股份有限公司 关于股东签署《股东协议修订案》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 惠而浦（中国）股份有限公司（以下简称"公司"或"上市公司"）收到控 股股东广东格兰仕家用电器制造有限公司（以下简称"格兰仕"）通知，格兰仕 与惠而浦（中国）投资有限公司（以下简称"惠而浦投资"）于近日签署《股东 协议修订案》。现将有关情况公告如下： 一、《股东协议》修订概述 2021 年 5 月 6 日，就格兰仕对公司要约收购完成后的公司治理架构安排，格 兰仕与惠而浦投资签署《股东协议》。具体详见公司于 2021 年 5 月 8 日披露的 《关于拟签署商业协议暨关联交易及股东签署<股东协议>的公告》（公告编号： 2021-042）。 经格兰仕与惠而浦投资协商，双方于近日签署《股东协议修订案》，将《股 东协议》的部分条款予以修订。 1、《股东协议修订案》 特此公告。 惠而浦（中国）股份有限公司董事会 格兰仕与惠而浦投资签署《股东协议修订案》，双方同意 ...

证券代码：600983 股票简称：惠而浦 公告编号：2025-027 惠而浦（中国）股份有限公司 关于2025年第三季度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 4.格兰仕是否有计划把部分资产注入惠而浦？ 惠而浦(中国)股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日 15:00-16:00 通过价值在线（https://www.ir-online.cn/），以网络文字互动的 方式召开了公司 2025 年第三季度业绩说明会。关于本次业绩说明会的召开事项， 详见公司于 2025 年 10 月 22 日在上海证券交易所网站（www.sse.com.cn）披露 的《惠而浦关于召开 2025 年第三季度业绩说明会的公告》（公告编号：2025-026）。 现将召开情况公告如下： 一、本次说明会召开情况 公司总裁梁惠强先生，独立董事王泽莹女士，财务负责人王沙女士，董事会 秘书孙亚萍女士共同出席了本次业绩说明会。公司与投资者进行了互动交流和沟 通，在信息披露允许的范围内就投资者普遍关 ...

Market Overview - The white goods sector experienced a slight decline of 0.01% on October 29, with Whirlpool leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Individual Stock Performance - Hisense Electric (000921) closed at 25.61, up 0.91% with a trading volume of 142,800 shares and a turnover of 361 million yuan [1] - TCL Smart Home (002668) closed at 9.79, up 0.72% with a trading volume of 84,900 shares and a turnover of 82.27 million yuan [1] - Haier Smart Home (600690) closed at 25.60, up 0.20% with a trading volume of 215,100 shares and a turnover of 549 million yuan [1] - Midea Group (000333) closed at 74.40, down 0.01% with a trading volume of 273,600 shares and a turnover of 2.025 billion yuan [1] - Gree Electric (000651) closed at 40.69, down 0.07% with a trading volume of 287,400 shares and a turnover of 1.167 billion yuan [1] - Whirlpool (600983) closed at 10.37, down 3.71% with a trading volume of 61,100 shares and a turnover of 63.54 million yuan [1] Capital Flow Analysis - The white goods sector saw a net outflow of 27.26 million yuan from institutional investors and a net outflow of 189 million yuan from speculative funds, while retail investors had a net inflow of 217 million yuan [1] - Midea Group had a net inflow of 82.14 million yuan from institutional investors, while it faced a net outflow of 1.1 billion yuan from speculative funds [2] - Haier Smart Home experienced a net inflow of 9.90 million yuan from institutional investors, with a net outflow of 29.42 million yuan from speculative funds [2] - Gree Electric saw a significant net outflow of 82.46 million yuan from institutional investors [2] - Whirlpool had a minor net inflow of 233,800 yuan from institutional investors, but faced a net outflow of 3.90 million yuan from retail investors [2]

Core Insights - Whirlpool (600983.SH) reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [1] Financial Performance - The total operating revenue for the first three quarters of 2025 reached 3.297 billion yuan, representing a year-on-year growth of 30.61% [1] - The net profit attributable to shareholders of the parent company was 317 million yuan, showing a remarkable year-on-year increase of 496.88% [1] - The basic earnings per share stood at 0.41 yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,106,528,471.27, representing a year-on-year increase of 24.21%[4] - The total profit for the period was ¥106,818,659.37, a significant increase of 309.82% compared to the same period last year[4] - Net profit attributable to shareholders was ¥101,124,490.23, reflecting a remarkable growth of 360.03% year-on-year[4] - The net profit after deducting non-recurring gains and losses for the period was ¥94,131,162.47, up 503.49% from the previous year[4] - The company's operating profit for the current period is 343,271,735.09 CNY, a significant increase from 77,037,424.55 CNY in the previous period, representing a growth of approximately 345%[19] - Net profit attributable to the parent company is 316,776,988.75 CNY, compared to 53,072,010.10 CNY in the same period last year, marking an increase of about 497%[20] - The total comprehensive income for the current period is 316,806,226.06 CNY, compared to 52,624,172.78 CNY in the previous period, representing an increase of about 501%[20] Earnings and Returns - The basic earnings per share for the period was ¥0.13, a rise of 360.03% compared to the same period last year[4] - The basic and diluted earnings per share are both 0.41 CNY, up from 0.07 CNY in the previous year, indicating a growth of approximately 485.7%[20] - The weighted average return on net assets was 3.71%, an increase of 2.84 percentage points from the previous year[4] Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached RMB 3,297,128,670.85, an increase of 30.5% compared to RMB 2,524,448,719.99 in the same period of 2024[18] - Total operating costs for the first three quarters of 2025 were RMB 2,959,473,783.94, up from RMB 2,439,742,718.48 in 2024, reflecting a year-on-year increase of 21.3%[18] - The increase in revenue was primarily driven by strong overseas market demand and a rise in export orders[8] - Total revenue from sales of goods and services received in cash is 3,098,760,438.21 CNY, compared to 2,645,038,630.47 CNY in the previous year, reflecting an increase of about 17.1%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,688,817,429.37, an increase of 8.47% compared to the end of the previous year[5] - Current assets as of September 30, 2025, totaled RMB 4,110,785,212.78, compared to RMB 3,616,655,820.15 at the end of 2024, indicating a growth of 13.7%[15] - Total liabilities as of September 30, 2025, amounted to RMB 2,916,206,052.03, compared to RMB 2,569,500,317.76 at the end of 2024, reflecting an increase of 13.5%[17] - Total assets reached RMB 5,688,817,429.37, up from RMB 5,244,580,448.95, indicating a growth of 8.5%[17] - The company's equity attributable to shareholders increased to RMB 2,772,611,377.34 from RMB 2,675,080,131.19, a rise of 3.6%[17] Cash Flow - The company reported a net cash flow from operating activities of ¥659,460,286.20, reflecting a year-on-year increase of 390.74%[8] - Cash flow from operating activities for the first three quarters of 2025 is 659,460,286.20 CNY, up from 134,380,804.88 CNY in the previous year, indicating a growth of approximately 390%[23] - The cash and cash equivalents at the end of the period amount to 1,690,934,769.16 CNY, an increase from 1,514,357,833.39 CNY in the previous year, reflecting a growth of about 11.6%[25] - Cash and cash equivalents increased to RMB 1,698,687,492.43 from RMB 1,316,540,931.52, representing a rise of 28.9%[15] Research and Development - The company reported a decrease in research and development expenses to 120,063,340.92 CNY from 122,025,467.27 CNY, a reduction of approximately 1.6%[19] Financial Expenses - The company incurred financial expenses of -21,886,986.73 CNY, an improvement from -39,558,234.20 CNY in the previous year, indicating a reduction in financial costs[19] - The total cash outflow from financing activities is 222,529,210.01 CNY, compared to 63,669,918.40 CNY in the previous year, showing an increase of approximately 249%[25]

Core Insights - The article discusses a comparative test conducted by the China Consumers Association and the Hangzhou Consumer Rights Protection Committee on various washing machines to guide consumers in making informed choices regarding energy-efficient appliances [1] Group 1: Test Overview - A total of 25 washing machines were tested, including 16 drum-type and 9 pulsator-type models from 21 different brands [1] - The testing focused on three main performance areas: usage performance, health and safety performance, and ease of use [1] Group 2: Performance Results - Most samples performed well in terms of energy consumption, cleaning effectiveness, noise during dehydration, and antibacterial performance (for drum-type machines) [1] - Significant differences were noted in the effective volume of washing drums, with some pulsator-type machines showing subpar drum cleaning performance [1] Group 3: Specific Findings - The effective volume of washing drums indicates the internal space available for washing; higher values allow for more laundry [2] - The best-performing drum-type machines had effective volumes of at least 66L, while the best pulsator-type machines had volumes of at least 70L [2] - Seven models demonstrated low energy consumption while achieving high cleaning ratios, indicating superior energy efficiency [2] Group 4: Cleaning and Wear Performance - The cleaning performance was assessed using liquid detergents, with over 50% of drum-type machines achieving a cleaning ratio of at least 1.10 [3] - The wear performance showed that some machines caused minimal damage to fabrics while maintaining high cleaning ratios [3] - Drum-type machines generally outperformed pulsator types in oil stain removal due to their heating capabilities [4] Group 5: Antibacterial Performance - Drum-type washing machines exhibited high antibacterial rates, with most achieving rates of 99.99% or higher [5] Group 6: Consumer Guidance - The China Consumers Association recommends consumers consider four key aspects when purchasing washing machines: capacity, energy efficiency, cleaning performance for specific stains, and noise levels during dehydration [6][7]

Market Overview - The white goods sector increased by 0.76% on October 27, with Shenzhen Konka A leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Shenzhen Konka A (000016) closed at 5.92, up 5.53% with a trading volume of 1.9258 million shares and a turnover of 1.117 billion yuan [1] - Hisense Home Appliances (000921) closed at 25.39, up 2.30% with a trading volume of 167,300 shares and a turnover of 423 million yuan [1] - Gree Electric Appliances (000651) closed at 40.97, up 1.16% with a trading volume of 616,500 shares and a turnover of 2.522 billion yuan [1] - Other notable performances include Whirlpool (600983) at 10.67, up 1.14%, and Haier Smart Home (600690) at 25.90, up 1.05% [1] Capital Flow - The white goods sector experienced a net outflow of 19.1781 million yuan from institutional investors, while retail investors saw a net inflow of 193 million yuan [1] - Detailed capital flow for key stocks shows that Shenzhen Konka A had a net inflow of 157 million yuan from institutional investors, while Gree Electric Appliances had a net outflow of 117 million yuan [2] - Haier Smart Home saw a significant net outflow of 92.9406 million yuan from institutional investors, but a net inflow of 99.8541 million yuan from retail investors [2]