转自：成都日报锦观 据悉，年货购物节采用成渝双城联动模式，其中智能家电主题展作为核心亮点，将打造"展示+体验+销 售+宣传"一体化平台，帮助品牌实现突破——借势节庆超高人气，快速触达精准客群；依托双城联 动，深耕川渝潜力市场；凭借"展示+销售"模式，实现产品快速动销与品牌深度渗透。 本届智能家电展汇聚全品类智能家电产品，将打造春节智能家电采购首选地。参展范围覆盖智能大家 电、智能小家电（扫地机器人、洗地机、健康监测家电、净化器等）、全屋智能系统（智能家居控制系 统、智能安防设备、家电互联解决方案等）及其他生态智能产品。 此外，智能家电展还将精心策划四大配套活动，如智能新品首发盛典、"智能生活日"主题活动、品牌专 属新春特惠以及"消费者喜爱的智能家电之星"评选。 新春年货购物节将推智能家电展 本报讯 （成都日报锦观新闻记者 孟浩） 作为第二届"天府精品"迎春消费月重点活动之一，第29届中国 （四川）新春年货购物节将于1月30日—2月11日在成都世纪城国际会展中心举行，同步在重庆南坪国际 会展中心设分会场。记者9日获悉，新春年货购物节期间，还将同步推出"智能家电展"。 ...

摘要 从 CES 看 2026 智能家电新品趋势 20260107 根据统计数据，2024 年有约 1,100 家中国企业参加 CES 展会，到 2025 年这 一数字上升至 1,475 家左右。然而，到了 2026 年，这一数字降至 837 家。可 以看出，从 2024 年至 2025 年，中国企业参展积极性较高，但在 2026 年出 现了显著下降。这表明出海生态发生了一些变化。尽管如此，一些头部上市公 司由于拥有强劲的现金流和明确的海外市场份额，仍然持续参展并展示多品类 产品。 中国企业在 CES 展会上展示的产品有哪些新趋势？ 从去年（2025 年）开始，各个企业加快了多品类拓展速度，寻找第二或第三 成长曲线。例如，清洁电器头部公司科沃斯在今年（2026 年）推出了陪伴机 器人和泳池机器人等新产品；投影仪公司极米科技则推出了首款 AI 眼镜。这些 石头科技在 2026 年 CES 展上展示轮足式扫地机器人，深耕单一赛道， 追求极致品质。科沃斯重点推进滚筒洗地机海外渗透，扩大擦窗、泳池 机器人的放量。 海外扫地机器人市场格局稳定，iRobot 份额下滑，头部企业通过差异化 经营维持份额。洗地机市场竞争加剧 ...

Core Viewpoint - The article highlights the emergence of high-efficiency, quiet, and smart washing and drying machines in the mid-to-high-end market (priced above 6000 yuan), catering to environmentally conscious families seeking quality living [1][5]. Product Summaries - **Panasonic XQG100-VA198**: Priced at 11086 yuan, it features a 10 kg washing and 8 kg drying capacity, a high cleaning ratio of 1.11, and operates at a noise level below 62 dB. It incorporates smart dispensing and centrifugal water washing technology for efficient resource use [1][5]. - **Gree XQG100-DWD1401Fa1**: Available for 6249 yuan, it includes a DD direct drive motor for stable operation and longevity. The AI smart dispensing adjusts detergent based on load, promoting water conservation [2][6]. - **LG WD-QH451B7H**: Priced at 7699 yuan, it offers various user-friendly features, including a 14-minute quick wash and a steam mode for baby clothes. It consumes only 0.89 kWh per hour, making it energy-efficient [2][6]. - **Samsung WD10N64GR2X/SC**: At 7299 yuan, it boasts a 10 kg washing and 8 kg drying capacity, with a cleaning ratio of 1.03 and a low noise level of 56 dB. It provides a wide temperature range for washing [4][7]. - **Casarte C1 HDU85G3**: Although discontinued, it remains valuable at 7999 yuan, featuring a heat pump drying technology suitable for delicate fabrics and a self-cleaning system [4][7]. Market Overview - All five washing machines are positioned in the market above 6000 yuan, showcasing features like first-class energy efficiency, large capacity, low noise, and refined washing capabilities. They cater to diverse consumer needs, from performance and smart control to energy conservation and health care [5][6].

Core Insights - The smart home appliance industry in Laoshan District is actively implementing the "10+1" innovative industrial system of Qingdao and the "7+4+1" modernization industrial system, focusing on smart service appliances and wearable smart devices, with a revenue of 32.5 billion yuan and a growth rate of 20.62% from January to November 2025 [1][2]. Group 1: Industry Development - The smart home appliance industry in Laoshan District has 27 registered companies, achieving a revenue of 32.5 billion yuan in 2025, reflecting a growth rate of 20.62% [1]. - Major companies like Haier, Hisense, and GoerTek are leading innovations in the industry, with Haier developing the UHome OS and Hisense launching RGB-Mini LED technology [2]. Group 2: Technological Innovation - The National High-end Intelligent Home Appliance Innovation Center has established nine open laboratories and four public service platforms, successfully passing the Ministry of Industry and Information Technology's acceptance [3]. - The National Virtual Reality Innovation Center has developed six major platforms for common technology research and testing, receiving dual qualifications from CMA and CNAS [3]. Group 3: Project Attraction and Construction - The district is focusing on precise project attraction through industry chain and business-to-business approaches, with 25 key projects registered and operational [4]. - A full lifecycle tracking service mechanism for projects has been established to enhance project management and address challenges [4]. Group 4: Ecosystem Optimization - The district is promoting collaboration between government, enterprises, and financial institutions to connect quality projects with capital and resources [5]. - A specialized working group has been formed to coordinate progress and tasks, fostering collaboration among departments and leading enterprises [5]. Group 5: Policy Empowerment - Laoshan District plans to strengthen policy support for the smart home appliance industry, focusing on core technology research, innovation, and talent development [6]. - The district aims to simplify application processes and improve the efficiency of policy implementation to ensure benefits reach market entities [6]. Group 6: Future Directions - The district will focus on technological breakthroughs in smart interaction and green energy, promoting the integration of smart appliances with smart homes and communities [7]. - Key projects will receive lifecycle tracking services to expedite construction and operational efficiency, ensuring high-quality outcomes by the end of the year [7].

随着健康意识的提升，空气净化器已成为新房入住、办公室装修后的标配家电。然而，面对市场上琳琅 满目的产品和复杂的参数，如何选择一台真正高效、安全、适合大空间的除甲醛机型？本文综合中国家 用电器协会、国家室内车内环境及环保产品质量监督检验中心的权威数据，并依据GB/T 18801-2022 《空气净化器》 新国标，为您深度横评2025年十大空气净化器品牌，特别针对86㎡左右的客厅、大平 层及办公室场景，提供一份科学、权威的选购指南。 在开始横评前，了解我们面临的空气问题至关重要。据国家室内车内环境及环保产品质量监督检验中心 发布的《中国室内空气污染现状白皮书》显示，我国新装修住宅的甲醛超标率仍处高位。世界卫生组织 已明确将甲醛列为一类致癌物，长期暴露可引发呼吸系统疾病、免疫力下降，甚至白血病，对孕妇、儿 童及办公室久坐人群的危害尤为突出。 因此，选择一台性能可靠的空气净化器，不是消费，而是对家 人和员工健康的必要投资。2022年实施的新国标GB/T 18801-2022，为评估空气净化器的除甲醛核心性 能（CADR、CCM）提供了统一、权威的标尺，是消费者辨别产品优劣的首要依据。 2025空气净化器选购核心：看懂 ...

Core Viewpoint - The construction materials sector experienced a decline of 1.41% during the week of December 6-12, 2025, underperforming against the Shanghai Composite and Wind All A indices, which saw changes of -0.08% and +0.26% respectively, resulting in excess returns of -1.33% and -1.67% [1] Group 1: Cement Market - The national average price for high-standard cement was 354.8 yuan/ton, reflecting a slight increase of 0.2 yuan/ton from the previous week but a significant decrease of 69.2 yuan/ton compared to the same period in 2024 [2] - The average cement inventory level among sample enterprises was 64.8%, down 1.6 percentage points from the previous week but up 0.9 percentage points year-on-year [2] - The average cement shipment rate was 43.9%, a decrease of 0.7 percentage points from the previous week and down 0.9 percentage points compared to 2024 [2] Group 2: Glass Market - The average price for float white glass was 1165.1 yuan/ton, up 1.2 yuan/ton from the previous week but down 247.0 yuan/ton year-on-year [2] - The inventory of float glass among sample enterprises was 5.542 million heavy boxes, a decrease of 133,000 heavy boxes from the previous week but an increase of 1.254 million heavy boxes compared to 2024 [2] - The domestic market for non-alkali roving yarn remained stable, with mainstream transaction prices for 2400tex non-alkali yarn ranging from 3250 to 3700 yuan/ton, unchanged from the previous week [2] Group 3: Industry Outlook - The cement industry is expected to see a gradual improvement in profitability due to proactive supply-side adjustments, with a projected increase in clinker capacity utilization [6] - The glass industry is facing a supply contraction, which may provide price elasticity in 2026, although current conditions are characterized by widespread losses among producers [7] - The fiberglass sector anticipates stable growth in demand driven by wind power and new applications, with a projected increase in effective capacity for 2026 [4][5]

Core Viewpoint - Haier Group has officially signed a strategic cooperation agreement with Goer Group, focusing on deep collaboration in smart home appliances, industrial internet, new energy, and artificial intelligence fields [1] Group 1 - The partnership aims to leverage both companies' strengths in technology and innovation to enhance product offerings and market competitiveness [1] - The collaboration is expected to drive advancements in smart home solutions and industrial applications, aligning with current market trends towards digitalization and sustainability [1]

Group 1 - The home appliance industry is navigating through challenges and opportunities in 2025, driven by policy support and external pressures, while embracing AI technology and market competition [1][29] - The "old-for-new" policy has been significantly expanded, with subsidies increasing from 8 to 12 categories of appliances and the maximum subsidy for air conditioners raised from 1 to 3 units per consumer [3][31] - In 2024, the "old-for-new" initiative generated over 1.3 trillion yuan in sales, and in 2025, it is expected to bring even stronger growth momentum due to increased support and extended implementation time [3][32] Group 2 - The launch of the AI model DeepSeek has revolutionized the home appliance sector, becoming a core engine for product innovation and driving a wave of new consumer experiences [4][34] - The home appliance industry has shown resilience amid a "tariff storm," with companies viewing the situation as an opportunity to expand into emerging markets [6][36] - The summer of 2025 saw unprecedented demand for air conditioners in Northeast China due to extreme heat, leading to a significant increase in sales and installation requests [15][43] Group 3 - The concept of "anti-involution" has gained traction in the home appliance industry, with calls for a shift away from price wars towards sustainable competition and innovation [18][46] - A strategic partnership between Midea and Hisense marks a significant trend in the industry, indicating a move towards collaboration among leading companies to enhance market space [13][41] - The introduction of national standards for smart home appliances is set to standardize technology requirements and improve consumer confidence in product quality [22][50] Group 4 - Rising copper prices due to global supply constraints and increased demand are putting pressure on the home appliance industry, leading to price adjustments by manufacturers [24][52] - The competitive landscape is shifting, with companies like Gree and Xiaomi engaging in public disputes over sales data, highlighting a focus on long-term service commitments and quality over short-term sales figures [20][48] - The home appliance industry is expected to face ongoing challenges and opportunities as it transitions towards a focus on technological innovation and value chain management [27][54]

Core Insights - Xiaomi has launched its first self-produced central air conditioner in Wuhan, marking a significant step in its "smart home ecosystem" strategy in Central China [1] - The upgraded version of the previously released central air conditioner, the Mi Home Central Air Conditioner Pro, is designed for larger spaces and enhanced smart features [2] - The new air conditioner features a "dual airflow" mode to address temperature differences in winter, maintaining a temperature difference of less than 0.8°C between the head and feet [2] Product Features - The air conditioner can be controlled via voice commands and can recognize "unmanned status" to switch to energy-saving mode [3] - It operates effectively in extreme temperatures, maintaining cooling performance at 50°C and heating performance at -7°C [3] - Xiaomi has introduced a "customized purchase" option for consumers to receive tailored solutions based on room size [3] New Product Launches - Alongside the air conditioner, Xiaomi has launched four additional smart home products, including a ceiling light designed for eye protection, a smart home screen that connects over 6,000 devices, and a refrigerator with advanced preservation features [4] - The new washing machine offers a large capacity and smart features for family needs [4] Strategic Focus - Xiaomi is establishing Wuhan as a core hub for its smart home appliance industry, aiming to contribute to the region's economic development through innovation [4]

行 业 及 产 业 家用电器 行 业 研 究 / 行 业 点 相关研究 证 券 研 究 报 告 证券分析师 刘正 A0230518100001 liuzheng@swsresearch.com 刘嘉玲 A0230522120003 liujl@swsresearch.com 联系人 刘嘉玲 A0230522120003 liujl@swsresearch.com 2025 年 12 月 07 日 石头科技发布黑五战报，莱克电气 公告参与认购投资基金 看好 ——《2025/12/1-2025/12/5》家电周报 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 评 - ⚫ 本周家电板块指数跑赢沪深 300。本周申万家用电器板块指数上涨 1.8%，同期沪深 300 指数上涨 1.3%。重点公司方面，莱克电气（8.3%）、石头科技（6.6%）、华翔股 份（5.2%）领涨；亿田智能（-7.9%）、浙江美大（-6.9%）、火星人（-4.6%）领 跌。 ⚫ 行业动态：1）石头科技发布黑五战 ...