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Investment Rating - The report maintains a "Recommended" rating for the home appliance industry [1] Core Insights - The report highlights that the nominal appreciation of the RMB is expected to have limited impact on export recovery and external sales profitability, as leading brands have strong pricing power, overseas production capacity, and effective foreign exchange hedging [8][11] - The report emphasizes that the home appliance sector is likely to benefit from increased foreign capital inflow due to RMB appreciation, with the sector's valuation and holdings at historical lows, indicating significant upside potential [7][8] Summary by Sections 1. Industry: Nominal Appreciation and Dollar Price Elasticity - Since Q2 2025, the RMB has appreciated approximately 5% due to the easing of trade tensions and economic recovery expectations, with the CFETS index remaining close to its 3-5 year average [11][12] - The report discusses the impact of exchange rates on export volume and pricing, noting that during appreciation phases, exporters may adjust dollar prices or lower RMB prices to mitigate the effects of appreciation [12][22] 2. Financial Statements: External Sales Profitability and Hedging - External sales gross margins have been under pressure, with historical data showing that external sales margins are generally weaker than domestic sales margins [4][6] - The report indicates that major companies have high foreign exchange hedging ratios, which effectively mitigate the impact of exchange rate fluctuations on their financials [4][6] 3. Capital: High Foreign Ownership Proportion - The report notes a strong correlation between RMB appreciation and net inflows of foreign capital, with the home appliance sector consistently attracting significant foreign investment [7][8] - The sector's Northbound trading and public fund holdings are at historical lows, suggesting ample room for upward movement [7] 4. Industry Perspective and Investment Recommendations - The report suggests that under the expectation of moderate appreciation, the competitive edge of leading companies backed by domestic supply chain advantages and proactive overseas capacity expansion will remain intact [8] - Recommended stocks include high-quality white goods leaders such as Midea Group, Haier Smart Home, Gree Electric Appliances, and Hisense Home Appliances, as well as TV leader Hisense Visual and global leaders in robotic vacuum cleaners like Roborock and Ecovacs [8]

证券之星消息，2月4日小家电板块较上一交易日上涨0.89%，富佳股份领涨。当日上证指数报收于 4102.2，上涨0.85%。深证成指报收于14156.27，上涨0.21%。小家电板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603219 | 富佳股份 | 2920.89万 | 15.20% | -66.00万 | -0.34% | -2854.89万 | -14.85% | | 002242 九阳股份 | | 614.97万 | 6.96% | -180.45万 | -2.04% | -434.51万 | -4.92% | | 603355 | 莱克电气 | 443.34万 | 2.87% | 938.93万 | 6.08% | -1382.27万 | -8.95% | | 6610Z6 | 倍益康 | 327.41万 | 3.22% | -278.24万 | -2.73% | -49.15 ...

中国质量新闻网讯 据山东省滨州市人民政府网站消息，近日，滨州市市场监督管理局发布2025年产品质量市级监督抽查统计表（5室内加热器）。 | 受检企业信息 | | 标称生产企业信息 | 抽样信息 | | | 检验报告信息 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 受检单位名称 | 统一社会信用代码 | 标称生产单位 | 抽样 | 生产日期/批 | 产品名 | 商 | 规格型号 检验单位 | | 综合 | 不合格项目 | | | | | 领域 | 号 | 称 | 标 | | | 判定 | （名称） | | 阳信众兴商城有限公司 | 91371622MA3NU5WX4Q 宁波硕度智能电器有 | | 流通 | | 室内加 | 華 | NP180- | 重庆仕益产品质量检 | 合格 | | | | | 限公司 | 领域 | 2024-08// | 热器 | 生 | 10T2 | 测有限责任公司 | | | | 惠民县家和众成家电销 | 91371621MACLYMTK1Q 珠海格力电器股份有 | | 流 ...

近日，贵州省市场监督管理局网站公布2025年流通领域电源适配器等29种产品质量监督抽查结果。其中，电磁灶产品质量监督抽查情况为：共抽查17家销 售者销售的32批次产品。经检验，未发现不合格产品。 | | 序号 样品名称 | | 销售者 | | 标称生产企业/上级供货商 | | | 生产日期 | | | 不合格项目 | 不合格项目 | 备注 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 名称 | 所在地 | 标标间标 | 名称 | 所在地 | 规格型号 | | 检验项目 或批号 | 检验结果 | 实测值 | 标准值 | | | | | | | | | | | | 对触及带电部件的防护、输入功率和电流、发热、工作温度 下的泄漏电流和电气强度、耐潮湿、泄漏电流和电气强度、 | | | | | | | | 兴义市怡明电 | 贵州省黔西南布依族由 | | 广东美的生活 | 广东省佛山市 | MC- | | 非正常工作(不包括第19.11.4条试验)、稳定性和机械危险 | | | ...

从资金流向上来看，当日小家电板块主力资金净流出2287.8万元，游资资金净流入416.44万元，散户资金 净流入1871.36万元。小家电板块个股资金流向见下表： 证券之星消息，2月2日小家电板块较上一交易日下跌0.35%，倍益康领跌。当日上证指数报收于 4015.75，下跌2.48%。深证成指报收于13824.35，下跌2.69%。小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) | | | --- | --- | --- | --- | --- | --- | --- | | 002032 | 苏泊尔 | 44.05 | 2.04% | 4.91万 | | 2.18亿 | | 002005 | ST德豪 | 2.96 | 1.37% | 16.76万 | | 4972.69万 | | 603355 | 莱克电气 | 32.57 | 0.71% | 3.85万 | 1 | 1.25亿 | | 688169 | 石头科技 | 143.00 | 0.27% | - 3.57万 | | 5.15亿 | | 603868 | 飞科申器 | 38.23 | - ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 920926 | 鸡智科技 | 17.80 | -4.35% | 2.34万 | | 4215.81万 | | 603486 | 科沃斯 | 71.82 | -3.47% | 6.77万 | | 4.91亿 | | 300272 | 开能健康 | 7.36 | -2.90% | 19.92万 | | 1.47亿 | | 920199 | 倍益康 | 41.99 | -2.44% | 1.93万 | | 8048.74万 | | 002032 | 苏泊尔 | 43.17 | -2.26% | 2.60万 | | 1.14亿 | | 688169 | 石头科技 | 142.61 | -1.58% | 3.33万 | | 4.77亿 | | 002403 | 爰仕达 | 12.11 | -1.38% | 4.31万 | 5209.47万 | | | 002959 | 小熊电器 | 43.30 | -1.05% | 1.49万 | 6527 ...

当市场增速放缓、消费趋于理性，传统"以价换量"的增长逻辑已难以为继，头部品牌纷纷将目光投向技 术深耕与战略转型的深水区。AI赋能、健康理念、高端化布局、跨界融合……这些关键词正重塑着家 用电器行业的竞争格局。 本期世研指数榜单聚焦家用电器行业，透过热度指数，带你洞察这场由技术驱动、战略引领的产业变革 浪潮。 | 訓讀 排名 | | | 指数 | | | --- | --- | --- | --- | --- | | 01 | Midea | 美的 | 1.92 | ▲ 3 | | 02 | GGREEAP | 格力 | 1.71 | ▲ 6 | | 03 | Panasonic | 松下 | 1.68 | ▲ 9 | | 04 | Haier 124 | 海示 | 1.68 | ▲ J | | 05 | Z | 石头科技 | 1.56 | V 4 | | OR | Skyworth 创维 | છોસ્ | 1.39 | ▲ 5 | | 07 | Hisense | 海信 | 1.34 | ▲ 3 | | 08 | TCL | TCL | 1.31 | ▼ 3 | | 09 | SIEMENS | 西门子 | ...

第一家电网小编认为，厨房小家电产品的质量稳定性已成为亟待解决的关键问题。近年来，有关小家电 爆炸、故障率高等问题的报道频频发出，不仅严重影响消费体验，也加剧了公众对这类产品安全性与可 靠性的忧虑。在此背景下，相关生产企业必须从源头加强质量管理，尤其要加大对下游生产链的管控力 度，推动制造环节严格执行质量标准，确保输出高品质的产品。与此同时，企业还应进一步完善售后服 务体系，增设线下维修网点，提升服务可及性与响应效率，从而构建从生产到服务全流程的质量保障机 制，重塑消费者信心。 厨房小家电市场的消费结构正在向更高价位产品倾斜 厨房小家电市场的消费结构正逐渐向更高价位产品升级。奥维云网（AVC）监测数据显示，2025双十一 （W41-46，10月6日至11月16日）厨小家电在线上全渠道零售额同比下降17.3%，零售量同比下降 22.2%。与此同时，行业整体均价上涨6.4%。由此可看出，消费者对高品质、高性能产品的需求依然强 劲，市场仍具备升级潜力。因此，厨房小家电企业应把握这一趋势，持续加强产品品控，优化功能设计 与用户体验，通过差异化创新推动市场实现结构性增长。 随着消费群体日益年轻化，厨房小家电凭借便捷、时尚 ...

Market Performance - The small home appliance sector increased by 0.65% on January 23, with ST Dehao leading the gains [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] Stock Performance - ST Dehao (002005) closed at 3.14, up 5.02% with a trading volume of 347,600 shares and a transaction value of 108 million yuan [1] - Other notable performers include: - Beiyikang (6610Z6) at 46.52, up 2.65% [1] - Kaineng Health (300272) at 7.98, up 2.31% [1] - Dechang Co. (605555) at 19.16, up 2.30% [1] - Joyoung (002242) at 10.90, up 1.68% [1] Capital Flow - The small home appliance sector experienced a net outflow of 45.04 million yuan from institutional investors, while retail investors saw a net inflow of 82.44 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Lek Electric (603355) had a net inflow of 23.46 million yuan from institutional investors but a net outflow of 10.31 million yuan from retail investors [3] - ST Dehao (002005) saw a net inflow of 19.80 million yuan from institutional investors, with retail investors also showing a net outflow [3] - Other stocks like Dechang Co. (605555) and Kaineng Health (300272) also reflected similar trends in capital flow [3]