Market Overview - The white goods sector experienced a decline of 1.61% on September 22, with Changhong Meiling leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Whirlpool (600983) closed at 10.62, with a slight increase of 0.76% and a trading volume of 23,700 shares [1] - Aokema (600336) closed at 6.63, down 0.90%, with a trading volume of 89,300 shares [1] - Deep Blue Technology (000016) closed at 5.52, down 1.25%, with a trading volume of 557,500 shares [1] - Hisense Home Appliances (000921) closed at 25.01, down 1.26%, with a trading volume of 98,700 shares [1] - Snow Qi Electric (001387) closed at 13.59, down 1.38%, with a trading volume of 18,300 shares [1] - TCL Smart Home (002668) closed at 9.95, down 1.39%, with a trading volume of 112,100 shares [1] - Midea Group (000333) closed at 73.26, down 1.47%, with a trading volume of 479,700 shares [1] - Gree Electric (000651) closed at 39.83, down 1.51%, with a trading volume of 582,000 shares [1] - Haier Smart Home (600690) closed at 25.70, down 2.36%, with a trading volume of 513,200 shares [1] - Changhong Meiling (000521) closed at 7.18, down 2.97%, with a trading volume of 214,300 shares [1] Capital Flow Analysis - The white goods sector saw a net outflow of 507 million yuan from institutional investors, while retail investors had a net inflow of 498 million yuan [1] - The table shows the capital flow for individual stocks, indicating varying levels of net inflow and outflow among different companies [2] - Hisense Home Appliances (000921) had a net inflow of 10.35 million yuan from institutional investors, while retail investors experienced a net outflow of 27.68 million yuan [2] - TCL Smart Home (002668) had a net inflow of 3.08 million yuan from institutional investors, with retail investors seeing a net inflow of 452.86 million yuan [2] - Midea Group (000333) had a minimal net inflow of 2.32 million yuan from institutional investors, while retail investors had a net inflow of 22.8 million yuan [2] - Changhong Meiling (000521) experienced a significant net outflow of 41.27 million yuan from institutional investors, but retail investors had a net inflow of 22.70 million yuan [2]

Group 1: Financial Performance - In the first half of 2025, the company's revenue reached 9.476 billion yuan, a year-on-year increase of 5.74% [3] - The net profit attributable to shareholders was 638 million yuan, reflecting a year-on-year growth of 14.15% [3] - The net asset return rate (ROE) for the first half of 2025 was 23.29%, although it showed a decline compared to the previous year due to an increase in net assets by 1.1 billion yuan [3] Group 2: Product Sales and Market Strategy - Sales revenue from refrigerators and freezers was 8.047 billion yuan, up 5.71% year-on-year; washing machines generated 1.361 billion yuan, with a growth of 5.98% [2] - The company is focusing on high-end product sales and increasing R&D investment to enhance the proportion of high-end products [2] - The company plans to expand production capacity, including a new manufacturing base in Thailand, which will add 140,000 refrigerator units and 30,000 freezer units [2] Group 3: R&D and Innovation - R&D investment in the first half of 2025 reached 311 million yuan, accounting for 3.28% of total revenue, with a year-on-year increase of 9.16% [4] - The company has over 1,000 R&D personnel and more than 2,000 authorized patents [4] - Future plans include maintaining focus on core home appliance products while enhancing technological advantages in key industry segments [4] Group 4: Market Position and Value Management - The company acknowledges that its stock price is undervalued and is actively managing its market value amidst various external factors [5] - Continuous positive growth in net profit over 16 consecutive quarters indicates strong operational performance [5] - The company is committed to returning value to investors while considering future profit distribution based on financial health and market conditions [5]

国信证券发布研报称，8月家电社零延续良好增长趋势，其中线下增速有所好转，线上进入淡季增速相 对平稳。家电出口依然承压，8月同比下降6%。柏林IFA展上，国内家电企业纷纷亮相推出新品，彰显 出海发展信心。推荐美的集团（000333）(000333.SZ,00300)、小熊电器（002959）(002959.SZ)、石头科 技(688169.SH)等。 国信证券主要观点如下： 家电企业新品纷纷亮相IFA，石头进军割草机器人行业。 9月5日-9月9日柏林IFA展召开，美的集团、海尔智家（600690）、海信家电（000921）、海信视像 （600060）、TCL、石头科技、科沃斯（603486）等国内家电企业纷纷亮相，并推出本土化新品，凸显 国内企业进军海外市场的强大决心。美的展馆以"Master Your Home"为主题惊艳亮相IFA，展出冰箱、 厨电、空调等智能系列家电;海尔携最新科技成果AI之眼亮相，并官宣赞助欧洲两大顶级足球俱乐部;海 信视像、TCL推出前沿电视新品;石头科技推出首款全地形智能割草机、五轴折叠仿生机械臂扫地机。 核心投资组合建议：白电推荐美的集团、格力电器（000651）、海尔智家、TCL ...

（文章来源：证券日报） 证券日报网讯 TCL智家9月16日在互动平台回答投资者提问时表示，截至2025年上半年末，公司母公司 报表期末未分配利润为负数，尚未达到《公司章程》等规定的利润分配条件。公司深知投资者的期望和 关切，近年来公司的营业规模及盈利能力持续提升，通过不断优化产品和服务，拓展市场份额，加强成 本控制，实现盈利的稳步增长。未来，公司将按照相关法律法规和《公司章程》的规定，综合考虑公司 的战略、目前及未来的盈利规模、现金流状况等情况，在满足利润分配条件下积极回报投资者。 ...

证券代码：002668 证券简称：TCL智家 公告编号：2025-039 登录新浪财经APP 搜索【信披】查看更多考评等级 届时，公司董事长彭攀先生、独立董事刘宁女士、总经理兼财务总监王浩先生、董事会秘书温晓瑞女士 将通过网络文字交流形式与投资者就公司业绩、公司治理、发展战略、经营状况等投资者关心的问题与 投资者进行沟通与交流，公司将在本次活动中对投资者普遍关注的问题进行回答，欢迎广大投资者踊跃 参与！ 特此公告。 广东TCL智慧家电股份有限公司关于参加2025广东辖区 上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，广东TCL智慧家电股份有限公司（以下简称"公司"）将参加由中国 证券监督管理委员会广东监管局、广东上市公司协会联合举办的"投资者集体接待日暨辖区上市公司中 报业绩说明会"，现将相关事项公告如下： 本次投资者网上集体接待日活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net）参与本次互动交流，活动时间为2025年9月19日（周五） ...

证券代码：002668 证券简称：TCL智家 公告编号：2025-039 广东 TCL 智慧家电股份有限公司 关于参加 2025 广东辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，广东 TCL 智慧家电股份有限公司（以下 简称"公司"）将参加由中国证券监督管理委员会广东监管局、广东上市公司协 会联合举办的"投资者集体接待日暨辖区上市公司中报业绩说明会"，现将相关 事项公告如下： 届时，公司董事长彭攀先生、独立董事刘宁女士、总经理兼财务总监王浩先 生、董事会秘书温晓瑞女士将通过网络文字交流形式与投资者就公司业绩、公司 治理、发展战略、经营状况等投资者关心的问题与投资者进行沟通与交流，公司 将在本次活动中对投资者普遍关注的问题进行回答，欢迎广大投资者踊跃参与！ 特此公告。 广东 TCL 智慧家电股份有限公司 董事会 二〇二五年九月十五日 本次投资者网上集体接待日活动将采用网络远程的方式举行，投资者可登录 "全景路演"网站（https://rs.p5w.net）参与本次互动交流，活动时间 ...

Market Overview - The white goods sector experienced a decline of 0.5% on September 15, with Aucma leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index rose by 0.63% to 13005.77 [1] Individual Stock Performance - Major stocks in the white goods sector showed varied performance, with Gree Electric down by 0.27% and Midea Group down by 0.53% [1] - Aucma saw the largest decline at 1.33%, while Snow Qi Electric and Changhong Meiling had slight increases of 0.73% and 0.00% respectively [1] Trading Volume and Capital Flow - The total net outflow of main funds in the white goods sector was 413 million yuan, while retail investors saw a net inflow of 432 million yuan [1] - The trading volume for Gree Electric reached 20.13 billion yuan, indicating significant investor interest despite the decline [1] Fund Flow Analysis - Snow Qi Electric had a net inflow of 2.33% from retail investors, while Aucma and Hisense Home Appliances experienced significant net outflows from main funds [2] - Retail investors contributed positively to the capital flow in several stocks, with notable inflows in Deep Kangjia A and Haier Smart Home [2]

Group 1 - The first Guangdong Quality Products Exhibition opened in Guangzhou, attracting 1,086 participating companies and 2,175 domestic and international professional buyers [1][2] - The exhibition covers an area of 50,000 square meters and includes five industry exhibition areas: home appliances and electronics, clothing and beauty, toys and cultural creativity, health food, and furniture and home [1][2] - The event aims to accelerate the integration of domestic and foreign trade, support enterprises in expanding domestic sales markets, and strengthen the domestic circulation [2] Group 2 - The exhibition features nearly 10,000 consumer products from well-known and emerging Guangdong enterprises, including brands like Midea, TCL, and Wanglaoji [2] - Guangdong has a complete industrial system with high-quality products, and it is a major province for quality product output, with a real-time population of 150 million and a retail sales total that has ranked first in the country for 42 consecutive years [2] - The event is expected to enhance the visibility of Guangdong's quality products and meet the growing demand for high-quality and high-value products among consumers [2]

证券之星消息，9月11日白色家电板块较上一交易日上涨0.19%，深康佳Ａ领涨。当日上证指数报收于 3875.31，上涨1.65%。深证成指报收于12979.89，上涨3.36%。白色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) | | --- | --- | --- | --- | --- | --- | | 000016 | 深康佳A | 5.40 | 1.89% | 46.91万 | 2.51亿 | | 600336 | 澳柯玛 | 6.80 | 1.19% | 12.04万 | 8072.20万 | | 000521 | 长虹美菱 | 7.53 | 0.94% | 10.31万 | 7702.93万 | | 000921 | 海信家电 | 25.05 | 0.52% | 7.47万 | 1.86亿 | | 000651 | 格力电器 | 41.37 | 0.51% | 52.82万 | 21.74亿 | | 600983 | 惠而浦 | 10.70 | 0.47% | 2.83万 | 3007.10万 | | 001387 | 雪祺电气 | 1 ...

Core Viewpoint - The renaming of home furnishing companies is often seen as a significant event impacting their future development and performance, with various companies changing their securities names for strategic reasons and experiencing different outcomes in their financial performance post-renaming [1]. Group 1: Reasons for Renaming - Companies often rename to align with upgraded business models and strategies, such as embracing smart home trends, as seen with Haier Smart Home and Juran Home [20]. - Transitioning from single-category products to comprehensive home customization solutions is a common reason for renaming, exemplified by companies like Golden Home and Zhihong Home [20]. - Changes in control or ownership can lead to renaming, as demonstrated by TCL Smart Home and Diou Water Huazhong, which both underwent changes in their major shareholders [20]. - Significant shifts in core business focus, such as the expansion into new business areas that surpass traditional ones, are also a reason for renaming, as noted with Keda Manufacturing and Luolai Life [20]. Group 2: Financial Performance Post-Renaming - Juran Home experienced a decline in profits six months after its renaming, with a revenue of 6.445 billion yuan, a year-on-year increase of 1.54%, but a net profit drop of 45.52% [4]. - Haier Smart Home has shown consistent growth in revenue and net profit for five consecutive years post-renaming, with a revenue of 156.494 billion yuan and a net profit of 12.033 billion yuan in the first half of 2025, marking increases of 10.2% and 15.6% respectively [6][8]. - Golden Home reported a revenue of 1.469 billion yuan in the first half of 2025, a decrease of 3.37%, and a profit of 61.24 million yuan, down 13.65% [10]. - TCL Smart Home, after its renaming, achieved a revenue of 9.476 billion yuan and a net profit of 638 million yuan in the first half of 2025, reflecting increases of 5.74% and 14.15% respectively [14]. - Keda Manufacturing saw its revenue grow from 7.298 billion yuan to 11.16 billion yuan from 2020 to 2022, with a net profit increase from 262 million yuan to 4.251 billion yuan, and reported a revenue of 8.188 billion yuan and a net profit of 745 million yuan in the first half of 2025, marking increases of 49.04% and 63.95% respectively [16][18].