Group 1 - Vietnam is an important production base for the U.S. and serves as a barometer for U.S. tariff negotiations, with most countries achieving lower new tariff rates, reducing tariff disruptions [1][2] - The black electrical appliances industry is in a window of demand recovery and technological upgrade, with global capacity layout, especially in Mexico and Vietnam, being a core strategy to address tariff challenges [1][2] - Chinese brands, particularly TCL and Hisense, are gaining market share globally, narrowing the gap with Samsung and capturing high-end market segments [1][2] Group 2 - The expected tariff range for major production bases in the U.S. is between 10% and 40%, an improvement from previous pessimistic expectations of over 46%, with uncertainties largely eliminated [1][2] - The global television market is expected to reverse its continuous decline in 2024, with significant growth in shipments of large-sized TVs (80 inches and above) as consumer preferences continue to strengthen [1][2] - The penetration rate of MiniLED technology is rapidly increasing in China due to government subsidies, which is expected to enhance the profitability of black electrical appliance manufacturers in the medium to long term [1][2]