Ge Long Hui A P P·2026-01-23 01:15Group 1 - The report from CITIC Securities indicates that under policy support, the proportion of "patient capital" insurance funds entering the market is gradually increasing, significantly influencing the style of the A-share market in recent years [1] - The expansion of OCI accounts is effectively smoothing profit statement fluctuations, which has notably increased the trend-based allocation demand for low-dividend stocks by insurance funds [1] - Leading home appliance stocks, with their long-standing advantages of high dividends, stable growth, and low valuations, align well with the allocation logic of insurance funds' OCI accounts, suggesting a potential for continuous inflow of insurance expansion funds and a steady rise in valuation levels [1]