自2024年2月深交所启动"质量回报双提升"专项行动以来，该倡议在上市公司中引发广泛响应，为促进增强资本市场内在稳定性作出贡献。 21世纪经济报道记者了解到，截至2025年12月末，已有472家公司发布相关行动方案。其中，消费行业代表性公司如三花智控（002050）、海 信家电（000921）、TCL智家（002668）等积极参与，通过聚焦主业、强化创新、优化回报等多维举措，致力于提升内在价值与投资者获得 感，成效积极。 21世纪经济报道记者杨坪深圳报道 入三花智控坚持"专注领先、创新超越"的经营战略，以热泵技术和热管理系统产品的研究与应用为核心，持续深耕制冷空调电器零部件和汽车 零部件两大核心业务领域，行业领先地位稳固。 2021年至2024年，三花智控实现营业收入分别为160.21亿元、213.48亿元、245.58亿元、279.47亿元，三年复合增长率20.38%，实现归母净利 润分别为16.84亿元、25.73亿元、29.21亿元、30.99亿元，三年复合增长率22.54%；2025年12月23日，公司披露《2025年度业绩预告》，2025 年预计实现归母净利润38.74亿元—46.49亿元，相较上年 ...

数据显示，截至2025年12月末，已有472家公司发布相关行动方案，在聚焦主业、创新发展、回报投资 者等方面发挥示范作用。在这过程中，浙江三花智能控制股份有限公司(以下简称"三花智控 （002050）")、海信家电（000921）集团股份有限公司(以下简称"海信家电")、广东TCL智慧家电股份 有限公司(以下简称"TCL智家（002668）")等深市消费行业龙头主动践行，以深耕细作强根基、科技创 新谋突破、多元回馈显担当，走出了一条质量与回报双向赋能、协同发展的高质量发展之路。 深耕主业提质效筑牢核心竞争力 聚焦主业、做优做强是"质量回报双提升"的核心要求，也是消费企业实现长期发展的根本路径。参与专 项行动的消费企业均坚守主业赛道，通过精细化运营与战略深耕，持续夯实行业地位，以稳健业绩筑牢 投资者信心。 例如，三花智控秉持"专注领先、创新超越"的经营战略，深耕制冷空调电器零部件和汽车零部件两大核 心领域，以热泵技术和热管理系统产品研发应用为核心，稳固行业领先地位。据悉，公司2025年预计实 现归母净利润38.74亿元至46.49亿元，同比增长25%至50%，盈利能力稳步提升。 海信家电同样交出一份亮眼的成长" ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000016 | 深康佳A | 5.09 | 0.59% | 27.19万 | 1.37亿 | | 001387 | 雪祺电气 | 14.79 | -0.14% | 3.46万 | 5045.36万 | | 000333 | 美的集团 | 76.10 | -0.33% | 32.58万 | 24.94亿 | | 600690 | 海尔智家 | 25.50 | -0.39% | - 34.94万 | 8.96亿 | | 000651 | 格力电器 | 38.91 | -0.41% | 46.12万 | 18.03亿 | | 600983 | 惠而浦 | 10.77 | -1.01% | 4.60万 | 4932.39万 | | 000521 | 长郎美菱 | 6.65 | -1.48% | 12.50万 | 8319.74万 | | 002668 | TCL智家 | 9.95 | -1.49% | 13.05万 | 1.30亿 | | 000921 ...

1月23日晚间，TCL智家（002668）发布关于公司与高榕资本的股权转让纠纷暨重大诉讼的进展公告。近日，公司收到南山法院一审判决：公司于判决生 效十日内向高榕资本支付股权转让款2352万元及滞纳金，驳回高榕资本其他诉讼请求。若该案一审判决生效，初步估算预计减少公司利润约2700万元。此 案中TCL智家为被告，高榕资本为原告。 案件一中，TCL智家为原告，高榕资本及赵国栋为被告，公司请求判令高榕资本返还股权转让款本金及利息约1.59亿元，请求判令赵国栋承担连带责任。 2025年12月30日，公司收到广东高院二审判决：驳回公司上诉请求，维持原判。截至本公告披露日，案件一无更新进展。 据悉，上述两起案件案情要回溯至10年前。 2015年3月，赵国栋成为中融金（北京）科技有限公司（已更名为"北京颢融科技有限公司"，简称"中融金"）的实际控制人、董事、法定代表人。2015年5 月，高榕资本（深圳）投资中心（有限合伙）（简称"高榕资本"）以2000万元入股中融金，占其注册资本的5%。2015年10月，高榕资本、赵国栋等以6.12 亿元将中融金51%股权转让给广东奥马电器股份有限公司（已于2024年5月10日正式更名为" ...

证券代码:002668 证券简称:TCL智家 == 公告编号:2026-002 广东 TCL 智慧家申股份有限公司 关于公司与高榕资本的股权转让纠纷 暨重大诉讼的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚 假记载、误导性陈述或重大遗漏。 特别提示: 案件一:公司为原告,高榕资本及赵国栋为被告,公司请求判令高榕资本返 还股权转让款本金及利息158,581,174.51元,请求判令赵国栋承担连带责任。2025 年 12月 30 日,公司收到广东高院二审判决:驳回公司上诉请求,维持原判。案 件一不会对公司本期利润或期后利润产生影响。 案件二:公司为被告,高榕资本为原告,高榕资本请求判令公司支付剩余股 权转让款及滞纳金 55,048,515.06元。近日,公司收到南山法院一审判决:公司 于判决生效十日内向高榕资本支付股权转让款 23,519,980.80 元及滞纳金,驳回 高榕资本其他诉讼请求。若案件二一审判决生效,初步估算预计减少公司利润约 2,700 万元。 一、诉讼的基本情况 (一) 事实情况 2015 年 3 月,赵国栋成为中融金(北京)科技有限公司（已更名为"北京 题融科技有 ...

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]

Core Viewpoint - The white goods sector experienced a rise of 1.72% on January 20, led by Whirlpool, while the overall market indices showed slight declines [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4113.65, down 0.01% [1]. - The Shenzhen Component Index closed at 14155.63, down 0.97% [1]. - The white goods sector saw a net inflow of 844 million yuan from main funds, while retail investors experienced a net outflow of 378 million yuan [1]. Group 2: Individual Stock Performance - Whirlpool (600983) closed at 10.91 yuan, up 3.02%, with a trading volume of 108,100 hands and a transaction value of 116 million yuan [1]. - Gree Electric (000651) closed at 41.28 yuan, up 1.85%, with a trading volume of 906,400 hands and a transaction value of 3.72 billion yuan [1]. - Midea Group (000333) closed at 79.00 yuan, up 1.78%, with a trading volume of 455,400 hands and a transaction value of 3.58 billion yuan [1]. - Haier Smart Home (600690) closed at 26.38 yuan, up 1.70%, with a trading volume of 654,200 hands and a transaction value of 1.71 billion yuan [1]. - Hisense Home Appliances (000921) closed at 24.87 yuan, up 0.85%, with a trading volume of 142,900 hands and a transaction value of 355 million yuan [1]. Group 3: Fund Flow Analysis - Gree Electric saw a main fund net inflow of 4.26 billion yuan, while retail investors had a net outflow of 2.02 billion yuan [2]. - Midea Group had a main fund net inflow of 4.05 billion yuan, with retail investors experiencing a net outflow of 793.78 million yuan [2]. - Haier Smart Home recorded a main fund net inflow of 1.16 billion yuan, while retail investors had a net outflow of 1.58 billion yuan [2]. - Hisense Home Appliances faced a net outflow of 441.9 million yuan from main funds, but retail investors had a net inflow of 258.89 million yuan [2].

Investment Rating - The report maintains an "Outperform the Market" rating for the home appliance industry [5][6][12]. Core Views - The home appliance sector is expected to recover in 2026, driven by the continuation of national subsidies and stabilization of exports, suggesting a positive outlook for leading white goods companies [1][12][18]. - December retail performance for home appliances showed signs of bottoming out, with significant declines in major appliances but a relatively stable performance in small appliances [1][19]. - The report highlights the resilience of leading companies in the home appliance sector, with a focus on white goods, which are expected to maintain steady growth despite high base effects [12][13]. Summary by Sections 1. Key Recommendations - Recommended companies include Midea Group, Haier Smart Home, TCL Smart Home, Gree Electric Appliances, and Hisense Home Appliances for white goods; Hisense Visual for black goods; and Roborock, Bear Electric, and Ecovacs for small appliances [4][12][13]. 2. December Retail Performance - In December, the retail sales of major appliances saw declines exceeding 20%, while small appliances showed slightly better demand, with air fryers experiencing growth [1][19]. - The offline sales channels for major appliances faced declines of over 40%, while kitchen small appliances remained relatively stable [1][19]. 3. Export Performance - In December, China's home appliance exports decreased by 8.1% year-on-year, with air conditioners facing a significant decline of 20.7% [2][37]. - Other categories like refrigerators and washing machines showed modest growth, indicating a mixed performance across different product lines [2][37]. 4. U.S. Market Insights - U.S. retail sales for home appliances showed a slight increase of 0.8% in November, indicating a gradual return to stable growth despite challenges such as tariffs and inflation [3][43]. - The inventory levels in U.S. appliance stores are returning to normal, suggesting improved market conditions [3][43]. 5. Company Earnings Forecasts - The report provides earnings forecasts for key companies, indicating expected EPS growth for Midea Group, Gree Electric Appliances, and Haier Smart Home, among others, with all rated as "Outperform the Market" [5][76].

Investment Rating - The report maintains an "Outperform the Market" rating for the home appliance industry [5][6][12] Core Insights - The home appliance sector is expected to recover in 2026, driven by the continuation of national subsidies and improvements in export performance. It is recommended to actively invest in leading white goods companies [1][12][18] - December retail performance for home appliances showed signs of bottoming out, with major appliances experiencing a decline of over 20% in domestic retail sales, while small appliances showed slightly better demand [1][19] - The report highlights that the U.S. home appliance retail sales saw a slight increase in November, indicating a gradual return to stable growth despite challenges such as tariffs and inflation [3][12] Summary by Sections 1. Core Recommendations - Key recommendations include investing in leading companies in the white goods sector such as Midea Group, Haier Smart Home, TCL Smart Home, Gree Electric, and Hisense Home Appliances. For small appliances, Stone Technology and Bear Electric are recommended [4][12][13] 2. Research Tracking and Investment Thoughts - December retail performance for home appliances continued to face pressure due to high base effects, with significant declines in major appliances. However, small appliances showed relative stability, particularly in air fryers [1][19] - December exports of home appliances decreased by 8.1% year-on-year, with air conditioners facing the most significant pressure, while refrigerators and washing machines showed modest growth [2][37] - U.S. home appliance retail sales increased by 0.8% year-on-year in November, with inventory levels returning to normal [3][12] 3. Key Data Tracking - The home appliance sector achieved a relative return of +0.23% this week compared to the broader market [49] - Raw material prices for copper and aluminum decreased by 0.5% and 0.7% respectively, while cold-rolled steel prices also saw a decline [51] - Shipping indices for routes to the U.S. West Coast, East Coast, and Europe showed slight increases, indicating a stabilization in shipping costs [64] 4. Company Announcements and Industry Dynamics - Notable company announcements include Midea Group's ongoing efforts in overseas markets and Gree Electric's dividend distribution plans [71][72] - The report discusses the structural adjustments in the air conditioning export market and the anticipated trends for 2026, highlighting the challenges and opportunities in the global supply chain [74]

Core Viewpoint - The white goods sector experienced a slight increase of 0.55% on January 19, with Xueqi Electric leading the gains, while the Shanghai Composite Index rose by 0.29% and the Shenzhen Component Index by 0.09% [1] Group 1: Market Performance - The closing price of Xueqi Electric was 14.99, reflecting a rise of 3.52% with a trading volume of 69,200 shares and a transaction value of 103 million yuan [1] - Aokema closed at 8.06, up by 2.68%, with a trading volume of 151,800 shares [1] - TCL Smart Home's closing price was 10.17, increasing by 1.70% with a trading volume of 126,300 shares [1] - Whirlpool closed at 10.59, up by 1.34%, with a transaction value of approximately 64.76 million yuan [1] - Haier Smart Home's closing price was 25.94, reflecting a 0.93% increase with a trading volume of 383,500 shares [1] - Gree Electric's closing price was 40.53, up by 0.45%, with a transaction value of approximately 1.68 billion yuan [1] - Midea Group closed at 77.62, increasing by 0.40%, with a transaction value of approximately 2.61 billion yuan [1] Group 2: Fund Flow Analysis - The white goods sector saw a net inflow of 307 million yuan from institutional investors, while retail investors contributed a net inflow of 211 million yuan [1] - The net outflow from speculative funds was 518 million yuan [1] - Midea Group had a net inflow of 149 million yuan from institutional investors, while it experienced a net outflow of 372 million yuan from speculative funds [2] - Gree Electric saw a net inflow of 121 million yuan from institutional investors, with a net outflow of 117 million yuan from speculative funds [2] - Haier Smart Home had a net inflow of approximately 67.83 million yuan from institutional investors, while it faced a net outflow of 16.48 million yuan from speculative funds [2]