Core Insights - The report highlights that in 2024, the total salary of A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the white goods sector, the average annual salary for company secretaries is 843,100 yuan, with 8.33% earning over 1 million yuan [9] - The age distribution of secretaries in the white goods sector shows that 41.7% are aged 40-50, while 33.3% are over 50 [1][3] Salary and Employment Data - The average salary for white goods company secretaries decreased by 19.11% compared to 2023, with the median salary dropping by 12.80% [9] - The highest-paid secretary is from Midea Group, earning 3.36 million yuan, while the lowest is from Xueqi Electric, earning 366,400 yuan [9][10] - The tenure distribution indicates that 41.7% of secretaries have served for 1-3 years, while 25% have been in their roles for less than a year [3] Educational Background - In the white goods sector, 50% of company secretaries hold a bachelor's degree, while the other 50% have a master's degree [5] - Secretaries with a master's degree earn an average salary of 1.1631 million yuan, which is 38.36% higher than their counterparts with a bachelor's degree [9] Engagement and Interaction - Approximately 41.7% of secretaries in the white goods sector receive fewer than 10 investor meetings annually, with some, like Whirlpool's secretary, not conducting any meetings [7] - The highest engagement is seen with Longhong Meiling's secretary, who conducted 242 meetings in a year, averaging one per day [7]

Core Insights - The report highlights that in 2024, the total salary of A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the white goods sector, the average salary for company secretaries was 843,100 yuan, with 8.33% earning over 1 million yuan [9] - The age distribution of secretaries shows that 41.7% are aged 40-50, while 33.3% are over 50 [1][3] Salary and Employment Data - The average annual salary for white goods company secretaries is 843,100 yuan, with a median salary of 677,150 yuan [9] - There is a significant salary disparity, with the highest earning secretary at 3.36 million yuan and the lowest at 366,400 yuan [9][10] - Compared to 2023, the average and median salaries for white goods company secretaries decreased by 19.11% and 12.80%, respectively [9] Age and Gender Distribution - The average age of secretaries in the white goods sector is 45.42 years, with 58.3% being female [1] - The oldest secretary is 56 years old, while the youngest is 32 years old [1] Tenure and Educational Background - The majority of secretaries (41.7%) have a tenure of 1-3 years, while 25% have been in their roles for less than a year [3] - In terms of education, 50% of the secretaries hold a bachelor's degree, and 50% hold a master's degree [5] Engagement and Interaction - Approximately 41.7% of secretaries receive fewer than 10 inquiries per year, with some, like Whirlpool's secretary, not engaging at all [7] - The highest engagement recorded was 242 inquiries in a year by Changhong Meiling's secretary [7]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600983 | 惠両浦 | 11.22 | 1.91% | 7.50万 | 8357.12万 | | 001387 | 雪祺电气 | 14.48 | 1.83% | 4.59万 | 6594.47万 | | 000651 | 格力电器 | 46.12 | 0.50% | 21.08万 | 9.71亿 | | 600336 | 澳柯玛 | 6.97 | 0.43% | 9.51万 | 6602.08万 | | 600690 | 海尔智家 | 24.96 | 0.24% | 19.99万 | 4.98 Z | | 000333 | 美的隻厨 | 70.94 | 0.21% | 19.78万 | 13.98亿 | | 000016 | 深康佳A | 4.84 | -0.21% | 19.45万 | 9372.97万 | | 000921 | 海信家电 | 25.42 | -0.31% | 15.47万 | 3.92亿 | | 000521 | 长虹美菱 ...

Group 1: Market Overview - The home appliance market is expected to show resilient growth in the first half of 2025, driven by the trade-in policy, although significant differentiation among industry players is evident [1][2] - The color TV market is experiencing a steady recovery, with both volume and revenue growth in the first half of 2025 [2] Group 2: Company Performance - Sichuan Changhong's net profit, excluding non-recurring gains, is expected to decline year-on-year, while the company anticipates a net profit of 4.39 billion to 5.71 billion yuan, an increase of 56.53% to 103.59% due to significant non-recurring gains [2][3] - Skyworth Group expects a nearly 50% decline in after-tax net profit, primarily due to the ongoing downturn in the real estate market and sluggish sales [3] - Konka Group forecasts a narrowed loss, with a net profit ranging from -500 million to -360 million yuan, despite a year-on-year increase of 54.03% to 66.90% in net profit [3] Group 3: Sector-Specific Insights - The kitchen appliance sector is heavily impacted by the real estate market and export policies, with Supor experiencing revenue growth without profit increase, and major players like Liren Technology and Shuaifeng Electric facing significant profit declines [1][5] - TCL Technology expects revenue between 82.6 billion to 90.6 billion yuan, with a net profit of 1.8 billion to 2 billion yuan, driven by strong growth in its semiconductor display business [2] - The air conditioning, refrigerator, and washing machine markets are undergoing deep adjustments, with Hisense Home Appliances reporting a slight revenue increase of 1.44% to 49.34 billion yuan and a net profit increase of 3.01% [5][6] Group 4: Emerging Trends - XGIMI Technology anticipates a revenue of 1.626 billion yuan, a year-on-year increase of 1.63%, and a net profit of 88.66 million yuan, reflecting a significant growth of 2062.33% [4] - The small appliance sector remains sluggish, with Supor's revenue increasing by 4.68% to 11.478 billion yuan, but net profit declining slightly by 0.07% [6][7] - Companies like Beiding and Aishida are showing signs of recovery, with Beiding's revenue growing by 34.05% to 430 million yuan and net profit increasing by 74.92% [7]

证券之星消息，8月1日白色家电板块较上一交易日上涨0.65%，TCL智家领涨。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。白色家电板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002668 | TCL智家 | 10.33 | 1.87% | 20.84万 | 2.16亿 | | 001387 | 雪祺电气 | 14.22 | 1.79% | 5.49万 | 7758.03万 | | 000333 | 美的集团 | 70.79 | 0.85% | 28.64万 | 20.19亿 | | 600336 | 澳柯玛 | 6.94 | 0.73% | 8.63万 | 5977.68万 | | 600983 | 惠而浦 | 11.01 | 0.64% | 5.54万 | 6092.05万 | | 000651 | 格力电器 | 45.89 | 0.59% | 23.40万 | 10.73亿 | | 000521 | 长虹美菱 ...

Market Overview - The white goods sector increased by 0.94% on July 30, with Shenzhen Konka A leading the gains [1] - The Shanghai Composite Index closed at 3615.72, up 0.17%, while the Shenzhen Component Index closed at 11203.03, down 0.77% [1] Stock Performance - Shenzhen Konka A (000016) closed at 5.00, up 1.83% with a trading volume of 819,900 shares [1] - Hisense Home Appliances (000921) closed at 27.20, up 1.64% with a trading volume of 179,800 shares [1] - Midea Group (000333) closed at 72.11, up 1.22% with a trading volume of 411,300 shares [1] - TCL Smart Home (002668) closed at 10.35, up 0.98% with a trading volume of 148,100 shares [1] - Haier Smart Home (600690) closed at 25.58, up 0.67% with a trading volume of 313,400 shares [1] - Gree Electric Appliances (000651) closed at 46.37, up 0.54% with a trading volume of 320,200 shares [1] Capital Flow - The white goods sector saw a net inflow of 307 million yuan from institutional investors, while retail investors experienced a net outflow of 189 million yuan [1] - Midea Group had a net inflow of 14.5 million yuan from institutional investors, but retail investors had a net outflow of 82 million yuan [2] - Gree Electric Appliances experienced a net inflow of 68.42 million yuan from institutional investors, with retail investors also seeing a net outflow of 18.42 million yuan [2] - Haier Smart Home had a net inflow of 32.30 million yuan from institutional investors, while retail investors had a net outflow of 21.02 million yuan [2]

Core Viewpoint - Whirlpool (WHR.US) shares fell over 10% to $88 following the release of its second-quarter earnings, which showed a decline in sales and earnings that missed analyst expectations [1] Financial Performance - Sales decreased by 5.4% year-over-year to $3.77 billion, falling short of the analyst forecast of $3.85 billion [1] - Adjusted earnings per share were $1.34, also below the expected $1.68 [1] - Sales in North America and Asia declined by 4.7% and 5.9% year-over-year, respectively [1] Future Guidance - The company maintained its full-year sales guidance at $15.8 billion [1] - Adjusted earnings per share guidance was lowered to a range of $6 to $8, below the analyst expectation of $8.96 [1] Dividend Changes - Whirlpool plans to reduce its quarterly dividend from $1.75 per share to $0.90 per share [1]

Market Overview - US stock index futures are all up, with Dow futures rising by 0.13%, S&P 500 futures by 0.30%, and Nasdaq futures by 0.47% [1] - European indices also show positive movement, with Germany's DAX up 1.17%, UK's FTSE 100 up 0.55%, France's CAC40 up 1.10%, and the Euro Stoxx 50 up 1.02% [2][3] - WTI crude oil increased by 0.07% to $66.76 per barrel, while Brent crude oil rose by 0.13% to $69.41 per barrel [3][4] Federal Reserve Insights - The Federal Reserve is not yet prepared to lower interest rates, with officials divided on the timing and evidence needed for such a decision [5] - The upcoming cryptocurrency policy report from the White House is anticipated to be a catalyst for the crypto market, alongside the Fed's interest rate decision [5] Company News - Oppenheimer raised its year-end target for the S&P 500 to 7100 points, citing easing trade tensions and strong corporate earnings, indicating an 11% upside from the latest closing price [6] - Novo Nordisk lowered its 2025 sales growth and profit expectations, projecting sales growth of 8%-14% compared to a previous forecast of 13%-21% [7] - UnitedHealth's second-quarter earnings guidance fell short of expectations, forecasting adjusted EPS of at least $16, significantly below the analyst consensus of $20.40 [8] - UPS refrained from providing earnings guidance due to market volatility, reporting Q2 revenue of $21.2 billion, a 2.8% year-over-year decline [8][9] - Stellantis restored its earnings guidance but warned of a €1.2 billion (approximately $1.4 billion) tariff impact in the second half of the year [9] - Nomura Holdings reported a 52% year-over-year increase in Q1 net profit, driven by strong trading and investment banking performance [10] - Barclays announced a 23% increase in first-half profits and a $1.3 billion stock buyback plan, benefiting from market trading activity [11] - Whirlpool's Q2 sales fell 5.4% to $3.77 billion, below market expectations, and it lowered its full-year EPS guidance [12] - Philips slightly raised its adjusted operating margin forecast for the year, indicating that the impact of trade tensions was less severe than previously feared [13] Economic Data and Events - Upcoming economic data includes the US wholesale inventory month-on-month change and the Conference Board Consumer Confidence Index [14][15] - Earnings reports are expected from Visa, Booking, Starbucks, UBS, Rio Tinto, UMC, New Oriental, and HSBC [17]

Core Insights - The white goods sector experienced a decline of 0.98% on July 29, with Changhong Meiling leading the drop [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Company Performance - Hisense Home Appliances (000921) closed at 26.76, with a slight increase of 0.04% and a trading volume of 86,100 shares [1] - Deep Blue Technology (000016) closed at 4.91, down 0.61%, with a trading volume of 309,400 shares [1] - Whirlpool (600983) closed at 10.87, down 0.82%, with a trading volume of 36,600 shares [1] - Haier Smart Home (600690) closed at 25.41, down 0.94%, with a trading volume of 316,000 shares [1] - Midea Group (000333) closed at 71.24, down 0.97%, with a trading volume of 398,400 shares [1] - Gree Electric Appliances (000651) closed at 46.12, down 1.09%, with a trading volume of 427,600 shares [1] - TCL Smart Home (002668) closed at 10.25, down 1.16%, with a trading volume of 140,900 shares [1] - Xuqiqi Electric (001387) closed at 14.35, down 1.17%, with a trading volume of 45,700 shares [1] - Aucma (600336) closed at 7.09, down 1.25%, with a trading volume of 207,300 shares [1] - Changhong Meiling (000521) closed at 7.45, down 1.59%, with a trading volume of 161,200 shares [1] Capital Flow - The white goods sector saw a net outflow of 727 million yuan from institutional investors, while retail investors contributed a net inflow of 681 million yuan [1] - The table of capital flow indicates varying levels of net inflow and outflow among individual stocks, with Haier Smart Home experiencing a net inflow of 9.97 million yuan from institutional investors [2] - Changhong Meiling had the highest net outflow from institutional investors at 19.80 million yuan, indicating significant selling pressure [2]

展望未来，惠而浦维持全年销售额为158亿美元的预期;全年调整后每股收益预期为6-8美元(低于此前预 期的10美元)，不及市场普遍预期的8.96美元。该公司还计划将季度股息从每股1.75美元削减至每股90美 分。 惠而浦表示，正在采取措施抵消增加的关税成本，并计划实施约2亿美元的结构性成本削减措施。尽管 如此，该公司仍然预计美国贸易政策最终会带来提振，因为随着下半年更高的关税税率生效，其竞争对 手将提高其外国制造的洗衣机、冰箱和洗碗机的价格。 惠而浦还预计从更健康的房地产市场中受益。该公司表示，现房销售的复苏应该会在中期到长期推动家 电的更高可支配需求，而美国在多年供应不足后进行多年的住房扩建应提供进一步的长期增长空间。 由于第二季度业绩未能达到市场预期，截至发稿，惠而浦（600983）(WHR.US)周二美股盘后大跌超 13%。财报显示，惠而浦Q2销售额同比下降5.4%至37.7亿美元，不及市场普遍预期的38.5亿美元;调整后 的每股收益为1.34美元，同样不及市场普遍预期的1.68美元。 北美地区销售额同比下降4.7%至24.46亿美元，拉丁美洲销售额同比下降10%至8.06亿美元，亚洲地区销 售额同比下降 ...