Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the household appliance sector, 103 companies disclosed their secretaries' information, with 9 being in the kitchen and bathroom appliance segment [1] - The average age of kitchen and bathroom appliance company secretaries is 43.11 years, with the largest age group being 30-40 years at 44.4% [1][6] Salary Insights - The average annual salary for kitchen and bathroom appliance company secretaries is 680,300 yuan, with a median of 655,100 yuan, indicating a concentrated salary distribution [10] - Approximately one-third (33.3%) of secretaries earn over 1 million yuan annually, and 44.4% earn above the industry average [10] - The salary structure has seen a decrease compared to 2023, with an average salary drop of 3.61% and a median salary drop of 18.03% [10] Educational Background - The educational background of secretaries shows a high level of education, with 77.8% holding a master's degree, while only 11.1% have a bachelor's or associate degree [6][10] - The only secretary with an associate degree is Mao Weiping from Mars Company [6] Tenure and Age Distribution - The majority of secretaries have a tenure of 3-5 years and 5-10 years, each accounting for 33.3%, while those with over 10 years of service are the least at 11.1% [4] - The oldest secretary in the kitchen and bathroom appliance sector is Mao Weiping at 52 years, while the youngest is Wang Zhongjie, born in 1991, who is under 35 [2] Engagement and Interaction - 55.6% of secretaries conduct fewer than 10 investor meetings annually, while 22.2% have between 50-100 meetings [8] - The highest engagement recorded was by Shen Haiping from Yitian Intelligent, who conducted 103 meetings in a year [8]

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经 《2024年度A股 CFO数据报告》 显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 分行业来看，2024年A股市场共有99家家用电器上市公司公开披露了CFO信息，其中8家为厨卫家电上 市公司。 2024年厨卫家电上市公司CFO群体的年龄结构呈现以下特征：整体平均年龄为53.63岁，其中75.0%的 CFO年龄在50岁以上，25%处于40至50岁区间。值得注意的是，男性CFO占比高达75.0%，平均年龄 56.17岁；女性CFO占比25%，平均年龄为46岁，两者存在显著差距。 年度薪酬变动数据显示，在8位CFO样本中呈现分化态势：4位实现薪酬增长，3位出现下降，另有1位薪 酬持平。其中，浙江美大CFO王培飞的薪酬降幅最为显著，较上年减少29万元；而日出东方CFO徐忠的 薪酬连续两年稳定维持在40万元水平。 浙江美大CFO王培飞以135.02万元薪酬位居第一。财报显示，财务总监王培飞的年 ...

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经 《2024年度A股 CFO数据报告》 显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 分行业来看，2024年A股市场共有99家家用电器上市公司公开披露了CFO信息，其中8家为厨卫家电上 市公司。 2024年厨卫家电上市公司CFO群体的年龄结构呈现以下特征：整体平均年龄为53.63岁，其中75.0%的 CFO年龄在50岁以上，25%处于40至50岁区间。值得注意的是，男性CFO占比高达75.0%，平均年龄 56.17岁；女性CFO占比25%，平均年龄为46岁，两者存在显著差距。 浙江美大的王培飞和帅丰电器的丁寒忠以61岁并列成为该行业最年长的男性CFO。年龄最大的女性CFO 为供职于华帝股份的何淑娴，现已52岁。40岁的亿田智能陈洪，是目前该行业最年轻的CFO。 就任职期限而言，2024年厨卫家电上市公司CFO任职期在5-10年的占比最高，达到50%；任期大于10年 和1-3年的CFO各 ...

2025年已经过半，热水器市场的压力依然严峻。奥维云网(AVC)数据显示，2025年1-6月，燃热市场零售 额虽然录得2.3%的同比增长，但规模增速明显放缓。特别是在"618"期间，各企业为争夺市场份额，频 频祭出价格"杀器"，一级能效的燃热产品在千元价格附近"低空飞行"。 长期来看，虽然第三批"国补"已经在七月到位，但热水器市场要走出价格困局，必须紧扣品质升级的消 费需求，开拓出新的增长赛道。 "以水养肤"，这种一边沐浴一边做皮肤SPA的体验准确俘获了爱美人士的心。小红书上，不少美妆和生 活博主在笔记中分享了使用心得，她们惊喜地称呼华帝美肌浴热水器是"护肤辅助神器"。 面对行业发展的结构性难题，高端厨电领军品牌华帝瞄准"沐浴=美肤养肤"这一市场空缺，通过技术创 新和产品迭代，以"美肌浴"热水器打破同质化僵局，在高端市场撕开突破口。 从洗净到养肤的跨越 一个成功的产品，一定是做到了"体验革命"。华帝美肌浴热水器也不例外。 权威机构对华帝美肌浴热水器的开箱测评中，在体验环节，测试人员的第一感受是"水流特别丝滑，柔 柔的，打在身上特别舒服"；另外一位"干皮"肤质的女士在用水洗脸后表示："最让我满意的是洗完脸后 一 ...

Group 1: Market Overview - The water heater market is facing significant pressure in 2025, with retail sales in the gas water heater segment showing only a 2.3% year-on-year growth, indicating a slowdown in growth rate [1] - During the "618" shopping festival, companies engaged in aggressive price competition, with first-level energy-efficient gas water heaters priced around 1,000 yuan [1] - The introduction of the third batch of national subsidies in July is not sufficient to resolve the pricing dilemma; the market needs to focus on quality upgrades to explore new growth avenues [1] Group 2: Product Innovation - Vatti has identified a market gap by positioning its "Beauty Bath" water heater as a product that combines bathing with skincare, aiming to break the homogenization in the high-end market through technological innovation [1] - The "High-Permeability Active Skin Technology" developed by Vatti reduces water molecule size to 1-2 nm, allowing for deep cleansing and hydration, resulting in a 29.89% increase in skin moisture and a 55.82% reduction in oil after 28 days of use [2] - The "Healthy Bath Water System" is a comprehensive solution that includes a 100-mesh ultra-fine filter, MSAP scale-inhibiting filter, and self-cleaning technology, ensuring clean water throughout the bathing process [3] Group 3: Industry Evolution - The Chinese water heater industry has undergone four demand upgrades: safety, constant temperature, efficiency, and now health and skincare [5] - Vatti has consistently led industry upgrades through technological innovations, such as the development of the down-draft fan technology in 2002 and the introduction of personalized bathing in 2021 [5] - The industry is currently facing structural challenges, and traditional strategies like price wars and parameter competitions are proving ineffective; innovation-driven structural upgrades are seen as the only solution for market recovery [8]

证券之星消息，8月5日厨卫电器板块较上一交易日上涨0.6%，亿田智能领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。厨卫电器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) | | --- | --- | --- | --- | --- | --- | | 300911 | 亿出響能 | 51.31 | 1.02% | 2.36万 | 1.21亿 | | 002677 | 浙江美大 | 7.04 | 1.00% | 3.08万 | 2158.98万 | | 603366 | 日出东方 | 9.63 | 0.94% | 8.58万 | 8247.70万 | | 002543 | 万和电气 | 11.79 | 0.94% | 2.92万 1 | 3428.66万 | | 002508 | 老板电器 | 19.44 | 0.83% | 4.72万 | 9130.15万 | | 605336 | 帅幸电器 | 16.11 | 0.75% | 2.45万 | 3934.64万 | | 002035 | रूझाव ...

| 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300911 亿田智能 | | 2428.81万 | 13.04% | -310.36万 | -1.67% | -2118.45万 | -11.38% | | 603551 | 奥普科技 | 336.80万 | 9.24% | -368.21万 | -10.10% | 31.40万 | 0.86% | | 002035 华帝股份 | | -11.11万 | -0.19% | 477.23万 | 8.16% | -466.13万 | -7.97% | | 300894 | 火星人 | -22.94万 | -0.31% | -209.78万 | -2.81% | 232.73万 | 3.12% | | 002677 浙江美大 | | -57.11万 | -2.85% | -86.14万 | -4.30% | 143.25万 | 7.15% | | 002543 万和电气 | ...

Investment Insights - The report highlights that the subsidy for replacing old appliances is continuing as expected, which supports domestic demand in the white goods sector [6] - Leading companies in the white goods sector, such as Midea Group, Gree Electric, and Haier Smart Home, are expected to show strong performance due to their robust overseas production capacity and market expansion strategies [6] - The two-wheeler sector is anticipated to benefit from accelerated national subsidies, with leading companies like Yadea Holdings expected to outperform the industry [6] - The black goods segment is seeing improvements in profitability driven by the old-for-new policy and structural upgrades, with a recommendation for Hisense Visual and a watch on TCL Electronics [6] Market Review - In July, the home appliance index showed a slight increase of 0.92%, but underperformed compared to the broader market indices, indicating a challenging environment for the sector [13] - The report notes that the home appliance sector's performance has been affected by fluctuating subsidy policies and tariff expectations, leading to a mixed market sentiment [12][13] - The overall market sentiment improved in July due to expectations of fiscal easing and a focus on "anti-involution" policies, which positively impacted the sector's absolute returns [13] Key Data Tracking - The report tracks significant price movements in raw materials, noting that copper and aluminum prices increased by 3% and 8% year-on-year, respectively, while cold-rolled steel prices decreased by 6% [20] - Retail sales of air conditioners showed strong growth in June, with online and offline sales increasing by 28% and 40% year-on-year, respectively, indicating a robust demand environment [27] - The report also highlights that the average selling prices of air conditioners have seen a slight decline, suggesting a competitive pricing environment [27][30]

Core Insights - The global economic landscape is undergoing significant changes, with challenges such as de-globalization, industrial decoupling, and increasing trade barriers impacting various industries, including the kitchen and bathroom sector [1] - The kitchen and bathroom industry is expected to see a retail sales growth of 3.9% year-on-year in the first half of 2025, indicating a shift from rapid growth to a more gradual "stair-step" growth model [1] - Long-termism is emerging as a key consensus among leading companies across industries, with firms like Huawei and BYD exemplifying this approach through sustained investment in foundational research and technology [1] Company Focus - Vatti, a leading high-end kitchen appliance brand in China, has embedded "long-termism" into its development strategy, emphasizing user needs, innovation, and differentiated value [1] - Over the past 33 years, Vatti has focused on research and innovation, achieving 4,416 patent technologies by the end of 2024, which strengthens its long-term development foundation [4] - Vatti has pioneered safety innovations in kitchen appliances, such as the ion flame-out protection technology, and has improved energy efficiency with its energy-efficient combustion technology, achieving a thermal efficiency of 84% [4] Product Innovation - Vatti has developed 543 patented technologies under its "Good Cleaning" strategy, creating a three-tier "clean" system that enhances kitchen experience by making cleaning easier and integrating appliances into home spaces [5] - The company launched the "Beauty Skin" water heater in 2025, utilizing self-developed high-activity water technology to provide deep cleaning and hydration, marking a significant advancement in the water heater industry [6] Market Positioning - Vatti has established a strong presence in the high-end kitchen appliance market, capturing nearly 45% of the online market share for range hoods in China from January to April 2025 [9] - The company has positioned itself as a high-end smart kitchen appliance brand, launching innovative products like the voice-controlled range hood and award-winning cooking stoves, enhancing its premium image [9] - Vatti actively engages younger consumers through modern marketing strategies, including collaborations with popular media and cultural events, to promote a new Chinese culinary lifestyle [12][11] Financial Performance - Vatti achieved growth in both revenue and net profit in 2024, contributing to the upward momentum of the kitchen appliance industry as it transitions into a "stair-step" growth phase [12]

Group 1 - The company, Vatti Corporation (002035), reported that as of July 31, 2025, it will have a total of 36,230 accounts combining both ordinary and margin trading accounts [1]