董明珠经常在股东大会爆出惊人言论，本次格力股东大会格外受到外界关注。 2025年4月的那次股东大会上，董明珠曾提及某造车新势力汽车事故，强调格力电车"十几年未出火灾事故"； 在品牌节等公开场合，她仍坚持"格力是全 世界最好的空调"；在那次股东大会上，董明珠还抛出了知名的惊人言论，她称"海归派中有间谍"，这句话引发了巨大争议。 据红星新闻报道，近日，格力电器（000651.SZ，以下简称格力）2025年第二次临时股东大会在珠海举行。和以往董明珠在股东大会上语出惊人不同，本 次股东会董明珠已"少说话"，仅在针对分红问题的交流环节称，格力累计分红超1700亿，股东希望"马儿跑"，也请让"马儿有草吃"。似乎确实听劝了此前 格力股东让其"少说话"的建议。 2025年6月30日格力2024年度股东大会上，时任格力电器独立董事的刘姝威提出让董明珠"少说话"的相关建议。刘姝威当时向董明珠提建议称，今后应多 让年轻管理团队走到台前，还建议多宣传管理团队成员的院校背景、专业能力等，让市场对格力管理层有更充分的认知。她认为格力的管理团队多是优秀 的技术型人才，值得被更多人了解。面对该建议，董明珠当场回应称会尽量少说话。核心是希望董 ...

来源：市场资讯 针对上述提问，格力电器回应称："尊敬的投资者，感谢您对公司发展的持续关注、对管理层及全体员 工付出的认可，以及对公司持续稳定分红的肯定。关于市值管理，公司坚持以高质量经营为根基，积极 通过分红、回购等多种方式提升公司投资价值。分红方面，公司近十年、近五年累计分红金额在A股上 市公司（剔除金融石油石化行业）中分别位列第七位、第八位，近10年实施分红15次（含拟实施2025年 中期分配预案），分红水平、分红持续性及稳定性均位于上市公司前列。回购方面，自2020年以来公司 累计回购股份约6.17亿股，回购总金额约300亿元，累计注销约4.15亿股，占注销前总股本的6.89%。关 于股东回报规划，公司董事会将结合市场环境、经营状况及资金规划等因素综合考虑。感谢您对公司的 关注与支持！" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 有投资者在互动平台向格力电器提问："董秘您好，我是一名格力6年的股东，感谢董总及各位同事的辛 苦付出，让股东们每年都有稳定的分红。但是格力确实给人不关心股价的态度，董总也确实表态不关心 股价。但是格力确实是上市公司，应该积极的去 ...

上市企业：美的集团（000333）,海尔智家（600690）,格力电器（000651）,海信家电（000921）,惠而浦 （600983）,创维数字（000810）,TCL科技（000100）,深康佳Ａ（000016）,长虹美菱（000521） 相关报告：智研咨询发布的《2025-2031年中国智能冰箱行业市场全景调研及发展趋向研判报告》 根据国家统计局数据显示：2025年9月中国家用电冰箱(家用冷冻冷藏箱)产量为1013万台，同比下降 2%；2025年1-9月中国家用电冰箱(家用冷冻冷藏箱)累计产量为8035.2万台，累计增长1.5%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 数据来源：国家统计局，智研咨询整理 2020-2025年1-9月中国家用电冰箱(家用冷冻冷藏箱)产量统计图 ...

董明珠经常在股东大会爆出惊人言论，本次格力股东大会格外受到外界关注。 2025年4月的那次股东大会上，董明珠曾提及某造车新势力汽车事故，强调格力电车"十几年未出火灾事故"； 在品牌节等公开场合，她仍坚持"格力是全 世界最好的空调"；在那次股东大会上，董明珠还抛出了知名的惊人言论，她称"海归派中有间谍"，这句话引发了巨大争议。 据红星新闻报道，近日，格力电器（000651.SZ，以下简称格力）2025年第二次临时股东大会在珠海举行。和以往董明珠在股东大会上语出惊人不同，本 次股东会董明珠已"少说话"，仅在针对分红问题的交流环节称，格力累计分红超1700亿，股东希望"马儿跑"，也请让"马儿有草吃"。似乎确实听劝了此前 格力股东让其"少说话"的建议。 2025年6月30日格力2024年度股东大会上，时任格力电器独立董事的刘姝威提出让董明珠"少说话"的相关建议。刘姝威当时向董明珠提建议称，今后应多 让年轻管理团队走到台前，还建议多宣传管理团队成员的院校背景、专业能力等，让市场对格力管理层有更充分的认知。她认为格力的管理团队多是优秀 的技术型人才，值得被更多人了解。面对该建议，董明珠当场回应称会尽量少说话。核心是希望董 ...

Group 1 - The white goods sector increased by 1.29% on December 2, with Midea Group leading the gains [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] - Midea Group's stock price rose by 1.95% to 81.56, with a trading volume of 378,000 shares and a transaction value of 3.072 billion [1] Group 2 - The net inflow of main funds in the white goods sector was 179 million, while retail funds saw a net inflow of 155 million, and speculative funds experienced a net outflow of 334 million [1] - Midea Group had a main fund net inflow of 2.40 billion, but a speculative fund net outflow of 2.721 billion [2] - Gree Electric experienced a main fund net outflow of 523.91 million, while retail funds had a net inflow of 891.30 million [2]

Quantitative Models and Construction Methods 1. Model Name: Liquidity Impact Coefficient Model - **Model Construction Idea**: This model measures the liquidity impact of index adjustments on individual stocks by calculating the ratio of net fund flows to the stock's recent average daily trading volume[12][13] - **Model Construction Process**: The liquidity impact coefficient for a stock is calculated as follows: $$ impact_{i} = \sum_{k=1}^{N} \frac{\Delta weight_{k,i} \times AUM_{k}}{amt\_avg_{i,20}} $$ - \( \Delta weight_{k,i} \): Estimated weight change of stock \( i \) in index \( k \) - \( AUM_{k} \): Total assets under management of passive products tracking index \( k \) as of the end of November - \( amt\_avg_{i,20} \): Average daily trading volume of stock \( i \) over the past 20 trading days as of the end of November[12][13] - **Model Evaluation**: The model provides a quantitative framework to estimate short-term liquidity shocks caused by index adjustments, but it is subject to data discrepancies and assumptions, which may lead to deviations from actual results[13] --- Model Backtesting Results Liquidity Impact Coefficient Model - **Top 5 Stocks with Highest Positive Impact Coefficients**: - Zhangjiagang Bank (002839 CH): 11.55[15] - Jiangzhong Pharmaceutical (600750 CH): 11.44[15] - Tower Group (002233 CH): 11.04[15] - Jichuan Pharmaceutical (600566 CH): 10.14[15] - Zhengbang Technology (002157 CH): 9.99[15] - **Top 5 Stocks with Highest Negative Impact Coefficients**: - Shenzhen Expressway (600548 CH): -24.95[16] - Vanward Electric (002543 CH): -20.90[16] - Aviation Materials (688563 CH): -14.06[16] - Huaxi Biology (688363 CH): -10.81[16] - Ninghu Expressway (600377 CH): -10.54[16] --- Quantitative Factors and Construction Methods 1. Factor Name: Net Fund Flow Factor - **Factor Construction Idea**: This factor estimates the net fund inflow or outflow for stocks due to index adjustments, based on changes in index weights and the total AUM of passive products tracking the index[9][10] - **Factor Construction Process**: - Outflow Amount: Total AUM of linked products multiplied by the stock's actual weight in the index as of the end of November - Inflow Amount: Total AUM of linked products multiplied by the estimated weight of the stock in the index post-adjustment - Weight estimation is based on free-float market capitalization and index-specific weighting rules, such as dividend yield weighting or market capitalization weighting[9][10] - **Factor Evaluation**: The factor provides a transparent and systematic approach to estimate fund flows, but it is sensitive to assumptions about future index weights and AUM changes[9][10] --- Factor Backtesting Results Net Fund Flow Factor - **Top 5 Stocks with Highest Net Fund Inflows**: - Victory Precision (300476 CH): 112.61 billion CNY[10] - Dongshan Precision (002384 CH): 99.32 billion CNY[10] - Guangqi Technology (002625 CH): 77.81 billion CNY[10] - Sugon Information (603019 CH): 65.44 billion CNY[10] - Top Group (601689 CH): 53.07 billion CNY[10] - **Top 5 Stocks with Highest Net Fund Outflows**: - China Mobile (600941 CH): -40.02 billion CNY[11] - CRRC Corporation (601766 CH): -36.40 billion CNY[11] - Aluminum Corporation of China (601600 CH): -34.29 billion CNY[11] - TCL Zhonghuan (002129 CH): -30.07 billion CNY[11] - Huagong Tech (000988 CH): -27.44 billion CNY[11]

Group 1 - The white goods sector increased by 0.36% on December 1, with Aucma leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] - Aucma's stock price rose by 4.01% to 8.05, with a trading volume of 406,800 shares and a transaction value of 322 million yuan [1] Group 2 - The white goods sector saw a net inflow of 165 million yuan from main funds, while retail investors contributed a net inflow of 155 million yuan [2] - However, there was a net outflow of 320 million yuan from speculative funds in the sector [2]

Core Viewpoint - The home appliance industry demonstrated resilience during the Double Eleven shopping festival, supported by policy measures and structural benefits, indicating a positive outlook for demand and growth in the sector [1][2][3] Group 1: Market Performance - The home appliance sector achieved resilient growth during Double Eleven, driven by promotional discounts and the recovery of policy funding, which is expected to support demand for essential appliances and structural upgrades [1] - Major brands like Midea and Haier maintained strong performance, with Midea's COLMO product line seeing over 40% growth in bundled sales, and Haier achieving sales exceeding 4 billion yuan [1] - The trend of younger consumers engaging with home appliances is notable, with Midea's growth in this demographic exceeding 50% and Haier's Z generation growth at 38% [1] Group 2: Export Trends - The home appliance export market is showing signs of improvement, with leading companies experiencing a rebound in overseas business despite high baseline pressures [2] - Positive developments in US-China trade negotiations and ongoing global capacity expansion are expected to enhance the ability of leading companies to manage trade risks and improve profit margins in overseas markets [2] Group 3: Investment Outlook - The home appliance industry is rated as "stronger than the market," with limited pressure on domestic sales and a gradual recovery expected in exports [3] - The sector's valuation has returned to historical lows, presenting investment opportunities, particularly in leading companies such as Midea, Haier, Hisense, and Gree, which are noted for their competitive pricing and strong market positions [3] - Emerging categories like robotic vacuum cleaners are anticipated to have significant growth potential, further enhancing the investment appeal of the sector [3]

Investment Rating - The report assigns an "Outperform" rating to several companies in the discretionary consumption sector, including Pop Mart, Anta Sports, Huazhu Group, Miniso, Li Ning, Atour Group, New Oriental Online, and Xtep International [1][5]. Core Insights - The report highlights the stable long-term growth of Luckin Coffee despite facing short-term margin pressures, indicating resilience in the F&B sector [2]. - The introduction of new children's meal sets by Taier emphasizes the trend towards fresh and healthy dining options, reflecting consumer preferences [2]. - The report notes the expansion of Midea's automotive parts production in Mexico, which supports local manufacturing for North American electric vehicle clients [2]. - The implementation of new national standards for smart home appliances starting May 1, 2026, is expected to enhance product quality and consumer trust in the home appliances sector [2]. Summary by Sections Company Performance - Guming and Pop Mart were the top performers this week, with stock price increases of 12.6% and 12.8% respectively [3][7]. - SuperHi International reported a revenue of $21 million for Q3 2025, a year-on-year increase of 7.8%, but faced a significant drop in net profit due to increased foreign exchange losses [2][5]. - Chagee's Q3 results showed a revenue decline of 9%, with adjusted net profit down 22% [2][5]. Market Trends - The report indicates a growing trend in the F&B sector towards fresh and healthy meal options, as seen with Taier's new children's meal offerings [2]. - The smart home appliance market is set to evolve with the introduction of new standards, which will likely drive innovation and consumer adoption [2].

珠海零边界集成电路有限公司，成立于2018年，位于珠海市，是一家以从事研究和试验发展为主的企 业。企业注册资本100000万人民币。通过天眼查大数据分析，珠海零边界集成电路有限公司参与招投标 项目3次，专利信息514条，此外企业还拥有行政许可8个。 来源：市场资讯 国家知识产权局信息显示，珠海格力电器股份有限公司、珠海零边界集成电路有限公司取得一项名 为"一种波特率的调整方法、装置、电子设备和存储介质"的专利，授权公告号CN119788241B，申请日 期为2024年12月。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 天眼查资料显示，珠海格力电器股份有限公司，成立于1989年，位于珠海市，是一家以从事电气机械和 器材制造业为主的企业。企业注册资本601573.0878万人民币。通过天眼查大数据分析，珠海格力电器 股份有限公司共对外投资了100家企业，参与招投标项目5000次，财产线索方面有商标信息5000条，专 利信息5000条，此外企业还拥有行政许可908个。 ...