家电ETF（159996）持续吸金，近5日净流入超2.3亿元，机构：行业整体供需态势向好

Group 1 - The core viewpoint is that the white goods industry is expected to achieve double growth in revenue and profit in the first half of 2025, driven by the domestic "trade-in" policy and strong performance in emerging overseas markets [1] - Despite facing tariff pressures, companies are enhancing profitability through cost reduction and efficiency improvements, with overall gross margins remaining stable and profit improvements mainly coming from optimized sales expense ratios [1] - The domestic market shows limited effects from policy preemption, while a new round of quota-based national subsidies is expected to continue driving demand; in the export market, expectations of interest rate cuts in the U.S. may boost demand in the real estate chain, and growth momentum in emerging markets remains strong [1] Group 2 - The home appliance ETF (159996) tracks the home appliance index (930697), which selects listed companies involved in the manufacturing and sales of traditional and smart home appliances like refrigerators, air conditioners, and washing machines, reflecting the overall performance of related listed companies [1] - This index is characterized by prominent consumer attributes and relatively weak industry cyclicality [1] - Investors without stock accounts may consider the Guotai CSI All-Share Home Appliance ETF Connect A (008713) and Guotai CSI All-Share Home Appliance ETF Connect C (008714) [1]