Group 1 - The core message of the article highlights Ronshen's innovative approach to food preservation, emphasizing its ability to extend the freshness of ingredients for an additional seven days [1][5] - Ronshen has evolved from being a quality assurance provider to a leader in healthy food preservation lifestyles, responding to the growing consumer demand for food quality and health [3][5] - The Ronshen WILL series introduces a revolutionary "natural growth chamber" that simulates optimal growth conditions for food, enhancing the preservation of nutrients and freshness [5][7] Group 2 - The SUPL Pro multi-frequency lighting technology used in Ronshen refrigerators mimics natural sunlight, allowing fruits and vegetables to continue their metabolic processes, resulting in a 256% increase in vitamin C retention and a 27% increase in reducing sugar retention [5][7] - The smart dynamic moisture retention system effectively maintains the moisture of fruits, preventing them from drying out, while the high-energy negative ion sterilization system ensures a clean and bacteria-free environment [7] - Ronshen's collaboration with the film "The Lychee of Chang'an" showcases its preservation technology, demonstrating that lychees can maintain or even enhance their sweetness and quality after seven days in the Ronshen WILL refrigerator [8]

海信家电集团股份有限公司 股票代码：000921 股票简称：海信家电 公告编号：2025-045 关于公司董事股份减持计划期限届满未实施减持的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 海信家电集团股份有限公司(「本公司」)于 2025 年 2 月 26 日披露了《关于公司董 事股份减持计划的预披露公告》，本公司董事贾少谦先生持有本公司股份 404,360 股（占 剔除回购专用账户股份后本公司总股本的 0.029%），计划在减持计划公告之日起十五 个交易日后的三个月内（即 2025 年 3 月 20 日至 2025 年 6 月 19 日）以集中竞价方式减 持本公司股份不超过 101,090 股（占剔除回购专用账户股份后本公司总股本的 0.007%）。 近日，本公司收到贾少谦先生出具的《关于股份减持计划期限届满未实施减持的告 知函》，截至本公告披露日，本次减持计划期限已届满，贾少谦先生未在减持区间内减 持本公司股份。现将具体情况公告如下： 注：上述减持主体无一致行动人。 二、本次减持计划的主要内容 （一）减持原因：个人资金需要。 （二）股份 ...

海信家电（000921）公告，公司董事贾少谦持有公司股份40.44万股，占剔除回购专用账户股份后公司 总股本的0.029%。贾少谦计划在2025年3月20日至2025年6月19日期间以集中竞价方式减持不超过10.11 万股，占剔除回购专用账户股份后公司总股本的0.007%。截至公告披露日，减持计划期限已届满，贾 少谦未在减持区间内减持公司股份。 ...

Group 1 - The report highlights the significant improvement in demand and the rebound in valuation for the white goods sector, with a notable increase in air conditioning sales driven by the "trade-in" policy [6][19][34] - In 2024, the cumulative domestic sales volume of household air conditioners reached 104.45 million units, a year-on-year increase of 5%, with Q4 showing a remarkable 24% growth compared to Q3 [19][20] - The report emphasizes the strong performance of the kitchen appliance sector, which was included in the subsidy list for the first time in 2024, leading to high retail growth [34][35] Group 2 - The white goods sector is characterized by low valuation, high dividends, and stable growth, making it an attractive investment opportunity [2][9] - The report identifies three main investment themes: the stability of the white goods sector, the growth potential of new consumer categories like clean appliances, and the second growth curve for upstream core component manufacturers [9][10] - The report notes that the export demand remains robust, particularly in emerging markets such as Southeast Asia, South America, and Africa, which are expected to significantly boost appliance sales [2][9] Group 3 - The report indicates that the overall valuation of the white goods sector is at a near-bottom level, providing a high cost-performance ratio for investors [8][39] - Institutional holdings in the sector are strong, with public funds maintaining a high allocation to white goods stocks, reflecting continued optimism in the sector's performance [43][44] - The report forecasts a favorable outlook for 2025, driven by domestic policy support and strong demand from emerging markets [50]

证券代码：000921 证券简称：海信家电 海信家电集团股份有限公司投资者关系活动记录表 编号：2025-001 | 投资者关 | □机构调研 □分析师会议 | | --- | --- | | 系活动类 | □媒体采访 √业绩说明会 | | 别 | □新闻发布会 □路演活动 | | | □现场参观□投资者日 | | | □其他 | | 参与单位 | | | 名称及人 | 公司投资者 | | 员姓名 | | | 时间 | 2025 年 6 月 20 日 | | 地点 | 线上业绩说明会 | | 上市公司 | | | 接待人员 | 公司管理层 | | 姓名 | | | | 一、1、公司股价被市场严重低估，是否有市值管理方案；2、公司的 | | | 股息率还比较高，对于证监会提出的低息再贷款增持方案公司是否考虑 | | | 过；3、今年二季度公司是否还是产销两旺？ | | | 答：投资者您好：1、公司高度重视市值管理，通过回购股份、员工 | | 投资者关 | 持股计划及股权激励、分红等手段增强市场信心。2、2025 年 5 月 8 日， | | 系活动主 | 公司发布《关于控股股东一致行动人增持股份及后续增持计划的 ...

股票代码：000921 股票简称：海信家电 公告编号：2025-044 海信家电集团股份有限公司 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重点内容提示： 于控股股东一致行动人增持股份及后续增持计划的公告》，本公司控股股东一致行动人 青岛海信通信有限公司(「海信通信」)计划于2025年5月7日至2025年11月6日期间，使 用 自 有 或 自 筹 资 金 以 集 中 竞 价 交 易 方 式 增持 本 公 司 股 份 ， 累 计增 持 股 份 不 低 于 集中竞价方式累计增持本公司股份13,860,028股，占本公司总股本的1.00%，累计增持 股份金额376,660,000元，本次增持计划已提前实施完毕。本次增持后，本公司控股股 东青岛海信空调有限公司(「青岛海信空调」)及其一致行动人合计持有本公司的股份比 例从46.28%增加至47.28%，适用权益变动触及1%整数倍的情形。 股，H股股本459,589,808股。 本公司于 2025 年 6 月 19 日收到海信通信出具的《青岛海信通信有限公司增持计 划完成的告知函》，现将有关情况公告如下： 一、增持主体的基本情况 股份有限公司( ...

海信家电（000921）公告，截至本公告披露日，海信通信已通过深圳证券交易所交易系统，以集中竞价 方式累计增持本公司股份1386万股，占本公司总股本的1.00%，累计增持股份金额3.77亿元，本次增持 计划已提前实施完毕。本次增持后，海信家电控股股东青岛海信空调及其一致行动人合计持有本公司的 股份比例从46.28%增加至47.28%，适用权益变动触及1%整数倍的情形。本次增持股份的资金来源为海 信通信自有或自筹资金。 ...

股票代码：000921 股票简称：海信家电 公告编号：2025-044 2．本次增持计划实施前，增持主体海信通信未持有本公司股份。本公司间接控股 股东海信集团控股公司合计持有本公司641,210,670股股份，占本公司当时总股本的 46.28%，其中，通过本公司控股股东青岛海信空调持有516,758,670股，占本公司当时 海信家电集团股份有限公司 关于控股股东一致行动人增持股份计划实施完成暨触及1%整数倍的公告 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重点内容提示： 1．增持计划：海信家电集团股份有限公司(「本公司」)于2025年5月8日披露了《关 于控股股东一致行动人增持股份及后续增持计划的公告》，本公司控股股东一致行动人 青岛海信通信有限公司(「海信通信」)计划于2025年5月7日至2025年11月6日期间，使 用自有或自筹资金以集中竞价交易方式增持本公司股份，累计增持股份不低于 6,930,052股（含），且不超过13,860,104股（含）。 2．增持结果：截至本公告披露日，海信通信已通过深圳证券交易所交易系统，以 集中竞价方式累计增持本公司股份13,860,028股，占 ...

海信家电（000921）公告，截至2025年6月19日，控股股东一致行动人青岛海信通信有限公司已通过深 圳证券交易所交易系统，以集中竞价方式累计增持公司股份1386万股，占公司总股本的1.00%，累计增 持股份金额3.77亿元。本次增持计划已提前实施完毕。增持后，公司控股股东青岛海信空调及其一致行 动人合计持有公司股份比例从46.28%增加至47.28%，适用权益变动触及1%整数倍的情形。 ...

Investment Rating - The report maintains a "Buy" rating for Hisense Home Appliances [6][78]. Core Views - The company is expected to benefit from the new round of "old-for-new" policies in China, alongside a recovery in export chains and relaxed tariff policies, leading to a sustained recovery in white goods demand [6][75]. - Hisense's central air conditioning segment continues to solidify its leading position in multi-split systems, while traditional large appliances are achieving deeper mid-to-high-end market penetration through differentiated competition strategies [6][75]. - The integration of Sanden, acquired in 2021, is anticipated to drive growth in the new energy thermal management business, contributing positively to the company's revenue performance [6][75]. Summary by Sections Basic Business - Hisense leads the domestic multi-split air conditioning market with a 23.1% share in 2024, maintaining its position for six consecutive years [4][24]. - The company has launched innovative products such as the first domestic 5G integrated central air conditioning series and a comprehensive solution for engineering applications [4][24]. - The overseas business is expanding through product development, channel expansion, and sports marketing, diversifying revenue sources and enhancing global presence [4][5]. Emerging Business - Following the acquisition of Sanden, Hisense has entered the new energy thermal management market, with investment returns from Sanden increasing from 0.88 billion to 2.23 billion CNY from 2021 to 2024, reflecting a CAGR of 36.14% [5][50]. - Sanden's strong technical foundation in compressors and its ability to maintain existing customer relationships while expanding new orders are expected to support future revenue growth [5][57]. Investment Recommendations - The report forecasts net profits for Hisense of 36.54 billion, 37.46 billion, and 38.93 billion CNY for 2025-2027, with corresponding EPS of 2.64, 2.70, and 2.81 CNY, indicating a PE ratio of 10.21, 9.96, and 9.59 times [6][78]. - The company is well-positioned to leverage the benefits of the "old-for-new" policy and the recovery of the export chain, which are expected to enhance white goods demand [6][75].