Ge Long Hui A P P·2025-08-27 03:08Group 1 - The core viewpoint of the article highlights the positive performance of Hong Kong home appliance stocks, driven by government subsidies for appliance upgrades and replacements [1] - TCL Electronics led the gains with an increase of over 6%, followed by Hisense Home Appliances with a 3% rise, and Skyworth Group with an increase of over 1% [1] - The government has initiated a new round of subsidies for appliance purchases, offering up to 20% for first-level energy/water efficiency products and 15% for second-level products, with a significant 30% subsidy for home modification products aimed at elderly care [1] Group 2 - According to Guojin Securities, the outlook for the home appliance sector is mixed: white goods are slightly under pressure, black goods are stable, kitchen and bathroom appliances are stabilizing at the bottom, and vacuum cleaners maintain high demand [1] - Year-to-date, retail sales of home appliances have shown strong growth, supported by domestic subsidies, indicating resilient demand, while emerging market demand is expected to drive export growth [1]