Accessibility StatementSkip Navigation MADRID, 22. listopadu 2025 /PRNewswire/ -- Spolenost Midea Building Technologies (MBT) pedstavila svá nejnovjšà energeticky úsporná eÅ¡enà pro vytápnÃ, ventilaci a klimatizaci (HVAC), kterými znovu podtrhla svou oddanost udržitelnosti a modernÃm technologiÃm. Mezi hlavnà novinky patà zahraninÃ- debut nové generace systému R32 VRF. Magnetický odstedivý chladi MagBoost Apex Pro a velké tepelné erpadlo Mars R290 ATW zase byly pro svj inovativnà design a ekologické vlastno ...

Accessibility StatementSkip Navigation , 22 2025 . /PRNewswire/ -- Midea Building Technologies (MBT) , . — MBT R32 VRF , MagBoost Apex Pro Mars Large R290 ATW . Continue Reading Also from this source R32 VRF , C&R 2025, . IP68 , 3,5 . 310° G-, 32 % . 25,2 45 . Mars Large R290 ATW, C&R 2025, R290 . 85° C . 1,96 ² 50 70 . , , . Midea R290, . MagBoost Apex Pro , . , , , , . MagBoost Apex Pro , , . , MBT — , . EasyFit VRF Quantum . 150–200° C, . AquaThermal Max R32 , . , , . MBT iEasyEnergy. , , . , , . MBT . M ...

Investment Rating - The report suggests a positive outlook for the home appliance industry, particularly for leading brands that are expected to achieve stable growth due to their integrated advantages and strong pricing power [5]. Core Insights - In October, home appliance exports faced pressure, with a year-on-year decline in quantity and value of -9.2% and -13.3% respectively. However, emerging markets showed robust growth, particularly in Southeast Asia and Africa [12][14]. - The report highlights that air conditioning exports in Southeast Asia led the growth, with a year-on-year increase of 13% in October [17]. - The overall market sentiment is slightly pressured for white goods and black goods, while kitchen and bathroom appliances are stabilizing at the bottom, and vacuum cleaners maintain high prosperity [4]. Summary by Sections 1. Home Appliance Export Performance - October saw a decline in air conditioner exports by 29.3%, while washing machine exports increased by 7.7%. The total export figures for refrigerators and televisions also showed declines of 5.5% and 3.1% respectively [12]. - Southeast Asia and Africa led the growth in exports, with Southeast Asia's cold appliance export value reaching approximately 6.7 billion yuan, up 14% year-on-year [14]. - North America, the Middle East, and Europe experienced significant declines in export values, with North America down 23% and Europe down 8% [15]. 2. Market and Sector Tracking - The Shanghai and Shenzhen 300 Index fell by 3.77%, while the home appliance index decreased by 2.30% during the week [23]. - Key raw material prices showed a slight decline, with copper and aluminum prices down by 1.05% and 1.16% respectively in the week of November 17-21 [25]. - The USD to RMB exchange rate was reported at 7.09, with a weekly increase of 0.21% [30]. 3. Investment Recommendations - The report recommends leading companies such as Hisense, Midea Group, Haier, and TCL Electronics for their potential in both domestic and international markets, especially as the U.S. enters a rate-cutting cycle which may boost demand for home appliances [5][44].

2025 年 11 月 22 日 尔机器人与 INDEMIND i 合作,比依股份定增获批 -《2025/11/17-2025/11/21》家电周报 本期投资提示: 相关研究 证券分析师 刘正 A0230518100001 liuzheng@swsresearch.com 刘嘉玲 A0230522120003 liujl@swsresearch.com 联系人 刘嘉玲 A0230522120003 liujl@swsresearch.com 本周家电板块跑赢沪深 300 指数。本周申万家用电器板块指数下跌 2.3%，同期沪深 ● 300 指数下跌 3.8%，家电板块指数跑赢沪深 300。重点公司方面，奥普科技（6.7%)、 浙江美大 (2.7%)、苏泊尔 (1.5%) 领涨;九阳股份 (-15.6%)、倍轻松 (-9.3%)、比 依股份（-9.2%）领跌。 行业动态：1）海尔机器人与 INDEMIND 达成战略合作。11 月 19 日，海尔机器人与 ● 北京盈迪曼德科技有限公司（INDEMIND）在北京正式签署战略合作协议，共同推动 具身机器人在家庭场景的落地与应用。在具体合作上，INDEMIND 将作为海尔 ...

Investment Rating - The report maintains a positive outlook on the home appliance sector, highlighting that the sector outperformed the CSI 300 index during the week [2][3]. Core Insights - The home appliance sector index fell by 2.3%, while the CSI 300 index dropped by 3.8%, indicating a relative strength in the sector [2][3]. - Key companies such as Aopu Technology, Zhejiang Meida, and Supor showed gains, while companies like Joyoung, Beiqi, and Biyi experienced significant declines [4]. - Haier Robotics and INDEMIND signed a strategic cooperation agreement to advance the application of embodied robots in home settings [8]. - Biyi Electric received approval from the China Securities Regulatory Commission for a specific stock issuance [9]. Sales Data - In October, sales of cleaning appliances increased year-on-year, with robotic vacuum sales rising by 36.01% to 500,900 units and sales revenue increasing by 35.34% to 1.025 billion yuan [29]. - Sales of washing machines also saw a significant increase, with units sold rising by 60.11% to 429,300 and revenue increasing by 60.34% to 756 million yuan [29]. - Personal care products showed mixed results, with hairdryer sales slightly up by 0.31% but revenue down by 18.17%, while electric shaver sales rose by 29.12% with revenue up by 38.05% [34]. Industry Dynamics - The report identifies three main investment themes: 1. The potential of leading white and black appliance companies characterized by low valuations, high dividends, and stable growth [2]. 2. Upstream core component manufacturers are diversifying into emerging tech fields such as robotics and data center cooling [2]. 3. The increasing penetration of new consumer categories like cleaning appliances presents significant growth opportunities [2]. Macro Economic Environment - As of November 21, 2025, the USD to CNY exchange rate was reported at 7.0875, reflecting a year-to-date decrease of 1.40% [40]. - In October 2025, the total retail sales of consumer goods reached 46,291 billion yuan, showing a year-on-year increase of 2.90% [42].

针对这一消息，美的集团回应南都·湾财社记者："相关消息不属实。美的一直将用户体验放在首位，不存在强制 售后服务商进行排他性合作的情况，感谢大家的关注。" 今年9月19日，小米刚刚官宣米家空调由"6年免费包修"升级为"10年免费包修"，但有业内人士告诉南都·湾财社记 者，目前小米空调的安装维修仍然多依赖外包。 11月21日，有不愿透露名字的广州美的售后服务商告诉南都·湾财社记者，以前家电行业很多售后网点会同时挂几 家店的服务，如该售后服务商就接了小米的空调售后与安装维修服务，"现在相当于美的强调不允许旗下网点接私 活"。 今年以来，小米空调业务发展迅猛，给美的带来了一定的竞争压力。根据奥维云网2025年7月全渠道（线上+线下 +下沉市场）数据。美的以29%的份额稳居第一，线下和线上市场均保持领先地位。格力份额为17%，位列第二， 但市场份额较前期有所下滑。海尔份额为15%，排名第三，且是前三名中唯一实现份额同比正增长的品牌。小米 份额为10%，排名第四，奥克斯份额为8%，排名第五。 此外，5月，小米集团董事长兼CEO雷军宣布，家电业务已成为小米的战略业务。而在10月28日，小米武汉智能家 电工厂一期正式竣工投产 ...

Group 1 - Xiaomi Group has made personnel adjustments in its public relations department, with Xu Jieyun taking over as the new head while Wang Hua is reassigned to the Wuhan regional headquarters [4] - Miniso has launched the "IP Genius Youth Plan," offering annual salaries between 1 million to 10 million to attract top IP creators globally, aiming to enhance its original IP incubation [5] - Geely is integrating its intelligent driving teams, with the Zeekr team transitioning to a newly established joint venture focused on intelligent driving solutions [8] Group 2 - Xiaomi's intelligent driving team has grown to over 1,800 members, with significant investment in AI research, exceeding 7 billion in 2025 [8][9] - NIO's CEO Li Bin commented on the competitive landscape of the automotive industry, stating that the competition in smart electric vehicles is entering a critical phase [15] - Genspark has completed a $275 million Series B funding round, achieving a post-money valuation of $1.25 billion [21] Group 3 - The global market for OLED tablet panels is expected to grow by 39% year-on-year by 2026, reaching 15 million units, driven by strong demand [33] - The China Passenger Car Association forecasts that retail sales of narrow passenger vehicles in November will be around 2.25 million units, with new energy vehicles expected to reach 1.35 million units [33]

帮主这就给你整理一份中长线放心拿的低估值高股息核心标的清单，都是经过基本面和估值双重筛选的，咱们做中长线就认"稳"字： 最后是制造板块的优质标的，高股息+低估值，还有产业逻辑支撑。比如福耀玻璃，全球汽车玻璃龙头，股息率3.5%左右，估值15倍上下，新能源汽车渗透 率提升，玻璃需求稳增，而且海外工厂盈利不错，长期逻辑很硬；再就是中国铁建，基建龙头，股息率4%以上，估值不到8倍，稳增长政策下基建订单充 足，现金流稳定，分红也靠谱。 这里帮主得提醒一句，这些标的是中长线布局的方向，不是让你下周一把梭哈，还是按照之前说的分批加仓，结合3850点附近的企稳信号来操作。需要我再 把每个标的的最新估值和股息率数据细化，或者补充对应的加仓节奏吗？ 然后是公用事业板块，刚需属性拉满，不管市场怎么跌，业绩都稳得一批。首选长江电力，水电龙头中的龙头，股息率常年维持在3.5%-4%，现金流稳定得 像"印钞机"，而且水电是清洁能源，政策支持力度大，拿着完全不用慌；再就是中国神华，煤炭+电力双驱动，股息率能到5%以上，资源储备足，分红大 方，属于"高股息+硬资产"双buff加持。 接下来是消费板块里的错杀白马，估值回到合理区间，股息率也 ...

Market Overview - The Shenzhen Leading Index (399653) closed at 2908.89 points, down 2.13%, with a trading volume of 105.46 billion yuan and a turnover rate of 1.31% [1] Stock Performance - Among the index constituents, 5 stocks rose while 43 stocks fell, with Sanhua Intelligent Control leading the gainers at 1.77%, and Ruida Futures leading the decliners at 6.28% [1] - The top ten constituents of the Shenzhen Leading Index are as follows: - Contemporary Amperex Technology Co., Ltd. (Ningde Times) holds a weight of 20.44% with a latest price of 370.00 yuan, down 2.48%, and a total market value of 1688.52 billion yuan [1] - Zhongji Xuchuang has a weight of 8.35%, latest price of 464.01 yuan, down 5.69%, and a market value of 515.57 billion yuan [1] - Midea Group has a weight of 7.67%, latest price of 78.75 yuan, up 1.04%, and a market value of 661.51 billion yuan [1] - Luxshare Precision has a weight of 6.06%, latest price of 52.85 yuan, down 5.20%, and a market value of 384.86 billion yuan [1] - Sungrow Power Supply has a weight of 5.67%, latest price of 167.89 yuan, down 5.34%, and a market value of 348.07 billion yuan [1] - BYD has a weight of 5.25%, latest price of 92.70 yuan, down 0.97%, and a market value of 845.16 billion yuan [1] - Wrigley has a weight of 4.41%, latest price of 119.68 yuan, down 0.47%, and a market value of 464.55 billion yuan [1] - Gree Electric Appliances has a weight of 3.53%, latest price of 40.25 yuan, down 0.25%, and a market value of 225.46 billion yuan [1] - ZTE Corporation has a weight of 2.83%, latest price of 38.07 yuan, down 2.86%, and a market value of 182.11 billion yuan [1] - BOE Technology Group has a weight of 2.75%, latest price of 3.83 yuan, down 1.79%, and a market value of 143.30 billion yuan [1] Capital Flow - The net outflow of main funds from the Shenzhen Leading Index constituents totaled 7.45 billion yuan, while the net inflow from speculative funds was 2.39 billion yuan, and the net inflow from retail investors was 5.06 billion yuan [1]

（图片来源：网络） 出品｜搜狐财经 作者｜李保铭 律师则表示，若该消息为真，美的此举或触发《反垄断法》。不过，律师也表示，触犯该法并非仅凭行为本身，还需满 足两个关键前提。 网传该政策主要针对小米，接近小米的业内人士则告诉搜狐财经，小米内部没有太关注此事。业内人士也解读，此次事 件对小米的影响或有限。 今年以来，家电企业"混战"事件频发，背后既有市场进入存量因素，也与家电行业竞争加剧有关。 消息是真是假？ 近日，网传"美的要求所有售后服务商停止小米和格力业务"，一位业内人士告诉搜狐财经"是真的"，对方还表示是"内部 传递，没有发文"。 不过，一位家电企业区域经理告诉搜狐财经"没有听说过"，也引人思考此次事件是否只是区域性、而非全国性的动作。 他分析："现在的家电市场不敢这么强势，终端销售特别差。"但他也表示，也有可能与相关政策刚出台有关，"估计刚 出，我们还不知道"。 近日，"美的要求所有售后服务商停止小米和格力业务"消息刷屏。 美的方面对此予以否认，但外界传言并未停息。 搜狐财经向多位家电行业人士求证，对于此消息，众说纷纭。有业内人士称传言为真，也有人表示仍未收到相关消息。 但业内人士对此政策合理性提出疑问 ...