Group 1 - The white goods sector experienced a decline of 1.43% on January 23, with Gree Electric leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Major stocks in the white goods sector showed mixed performance, with Aokema rising by 2.20% and Gree Electric falling by 1.05% [1] Group 2 - The net outflow of main funds in the white goods sector was 212 million yuan, while retail investors saw a net inflow of 391 million yuan [1] - Detailed fund flow data indicates that Midea Group had a net outflow of 1.67 billion yuan from main funds, while Haier Smart Home saw a net inflow of 72.47 million yuan [2] - Gree Electric had a significant net outflow of 3.81 billion yuan from main funds, indicating a strong selling pressure [2]

Core Insights - Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Lianyun Technology Co., Ltd. have obtained a patent for "Intelligent Home Device Command Processing Method, Device, Equipment, and Intelligent Home System," with the authorization announcement number CN118938697B, applied on July 2024 [1] Company Overview - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989 and is located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment. The company has a registered capital of 6,015.73 million RMB [1] - The company has invested in 98 enterprises, participated in 5,000 bidding projects, and has 5,000 trademark and patent information records, along with 908 administrative licenses [1] - Zhuhai Lianyun Technology Co., Ltd. was established in 2018 and is also located in Zhuhai City, focusing on software and information technology services. The company has a registered capital of 50 million RMB [1] - The company has participated in 9 bidding projects, holds 4,596 patent information records, and has 14 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Lianyun Technology Co., Ltd. for a method, device, storage medium, and electronic equipment related to seasoning adjustment, with the patent announcement number CN115081234B and application date of June 2022 [1] - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB [1] - Zhuhai Gree Electric Appliances Co., Ltd. has invested in 98 companies, participated in 5,000 bidding projects, and holds 5,000 trademark and patent information records, along with 908 administrative licenses [1] - Zhuhai Lianyun Technology Co., Ltd. was established in 2018, also located in Zhuhai City, primarily engaged in software and information technology services, with a registered capital of 50 million RMB [1] - Zhuhai Lianyun Technology Co., Ltd. has participated in 9 bidding projects, holds 4,596 patent information records, and has 14 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Drilling Tool" to Hefei Lingda Compressor Co., Ltd. and Zhuhai Gree Electric Appliances, Inc., with the announcement number CN115351158B and application date in August 2022 [1] - Hefei Lingda Compressor Co., Ltd. was established in 2009, located in Hefei, and primarily engages in other manufacturing industries, with a registered capital of 100 million RMB. The company has participated in 24 bidding projects and holds 111 patents, along with 17 administrative licenses [1] - Zhuhai Gree Electric Appliances, Inc. was founded in 1989, located in Zhuhai, and focuses on the manufacturing of electrical machinery and equipment, with a registered capital of approximately 6015.73 million RMB. The company has invested in 98 enterprises, participated in 5000 bidding projects, and possesses 5000 trademarks and patent information, in addition to 908 administrative licenses [1]

Group 1 - Gree Electric Appliances (Wuhan) Co., Ltd. and Zhuhai Gree Electric Appliances Co., Ltd. have obtained a patent for "Water Mouth Separation Injection Molding" with authorization announcement number CN115464837B, applied on July 2022 [1] - Gree Electric Appliances (Wuhan) Co., Ltd. was established in 2010, located in Wuhan, primarily engaged in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 100 million RMB [1] - Gree Electric Appliances (Wuhan) Co., Ltd. has participated in 58 bidding projects and holds 2,102 patent records, along with 93 administrative licenses [1] Group 2 - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of approximately 6.02 billion RMB [1] - Zhuhai Gree Electric Appliances Co., Ltd. has made investments in 98 companies, participated in 5,000 bidding projects, and holds 5,000 trademark records and 5,000 patent records, along with 908 administrative licenses [1]

Group 1 - Gree Electric Appliances (Chongqing) Co., Ltd. and Zhuhai Gree Electric Appliances Co., Ltd. have obtained a patent for "a shut-off valve and its air conditioner," with authorization announcement number CN116857419B, applied on June 2023 [1] - Gree Electric Appliances (Chongqing) Co., Ltd. was established in 2001, located in Chongqing, with a registered capital of 230 million RMB, and has invested in 2 companies, participated in 35 bidding projects, and holds 341 patents [1] - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai, with a registered capital of approximately 6015.73 million RMB, has invested in 98 companies, participated in 5000 bidding projects, and holds 5000 patents and trademarks [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Zero Boundary Integrated Circuit Co., Ltd. for "low dropout linear voltage regulator, low dropout linear regulator, and electronic devices" with the authorization announcement number CN119882906B, and the application date is December 2024 [1] - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB [1] - Zhuhai Gree Electric Appliances Co., Ltd. has invested in 98 companies, participated in 5,000 bidding projects, has 5,000 trademark information entries, 5,000 patent information entries, and holds 908 administrative licenses [1] - Zhuhai Zero Boundary Integrated Circuit Co., Ltd. was established in 2018, located in Zhuhai City, primarily engaged in research and experimental development, with a registered capital of 1,000 million RMB [1] - Zhuhai Zero Boundary Integrated Circuit Co., Ltd. has participated in 3 bidding projects, has 538 patent information entries, and holds 8 administrative licenses [1]

Group 1 - In 2025, retail sales of home appliances reached 1.1695 trillion yuan, and communication equipment reached 1.0076 trillion yuan, both surpassing the trillion yuan mark [2] - The shift in consumer structure towards greener products is evident, with over 90% of sales in the 12 categories of appliances under the trade-in policy being energy-efficient or water-efficient products [2] - Major home appliance companies are planning to consolidate their advantages in 2026 through technological innovation, business streamlining, and global expansion [2] Group 2 - Gree Electric's Vice President stated that the company is replacing welding work with self-developed robots and is enhancing its capabilities in smart industrial fields [3] - Midea Group's Chairman emphasized maintaining strategic focus on robotics, energy, and medical businesses, which have vast market potential, while also streamlining redundant operations [3] - Haier Smart Home is committed to a global and high-end strategy, indicating a shift from scale expansion to quality and efficiency [4] Group 3 - The market opportunities created by policies are accelerating the transformation of home appliance companies from scale expansion to quality and efficiency [4] - Leading companies are leveraging the policy window to build core competitiveness through technological innovation and strategic focus, aiming for sustainable development amid intense market competition [4]

Group 1 - The core viewpoint of the article revolves around Gree Electric's response to investor inquiries regarding its financial statements, specifically concerning deferred tax assets and warranty policy costs [1] Group 2 - Gree Electric confirmed that it recognizes deferred tax assets based on temporary differences between the book value of accrued expenses and their tax basis, in accordance with relevant accounting standards [1] - The company stated that it recognizes expenses related to its warranty policy based on the accrual basis of accounting [1]

Market Overview - The white goods sector experienced a slight decline of 0.09% on January 22, with Deep Konka A leading the drop [1] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] Individual Stock Performance - Aokema (600336) saw a significant increase of 7.46%, closing at 8.64 with a trading volume of 529,300 shares and a turnover of 452 million yuan [1] - Whirlpool (600983) and Xueqi Electric (001387) also reported modest gains of 1.11% and 1.08%, respectively [1] - Gree Electric (000651) and Hisense Home Appliances (000921) had minimal changes, with Gree Electric up 0.20% and Hisense up 0.12% [1] - Midea Group (000333) experienced a slight decline of 0.37%, closing at 77.49 with a trading volume of 344,000 shares and a turnover of 2.673 billion yuan [1] Capital Flow Analysis - The white goods sector saw a net inflow of 514 million yuan from institutional investors, while retail investors contributed a net inflow of 41.26 million yuan [1] - However, speculative funds experienced a net outflow of 555 million yuan [1] Detailed Capital Flow for Key Stocks - Midea Group had a net inflow of 47.4 million yuan from institutional investors, but a net outflow of 48.3 million yuan from speculative funds [2] - Gree Electric reported a net inflow of 74.51 million yuan from institutional investors, with a net outflow of 101 million yuan from speculative funds [2] - Haier Smart Home (600690) had a net inflow of 47.07 million yuan from institutional investors, while retail investors saw a net outflow of 60.53 million yuan [2] - Deep Konka A experienced a net outflow of 32.93 million yuan from institutional investors, but a net inflow of 24.88 million yuan from retail investors [2]