Investment Rating - The report maintains a "Positive" investment rating for the home appliance industry, indicating an expectation of performance that is stronger than the market benchmark by over 5% [6][12]. Core Viewpoints - The leading companies in the clean appliance sector have recently reported better-than-expected operational results, with Ecovacs anticipating a nearly 40% revenue growth in Q2, surpassing market expectations. The significant growth of over 60% in Ecovacs' brand business is a key factor for this outperformance [4][8]. - The recent Prime Day sales event showed remarkable growth for Stone Technology and Chasing in Europe, with sales growth exceeding 100%, indicating a robust demand in both domestic and international markets. The report suggests that the clean appliance sector is experiencing a dual growth phase [4][8]. - The report expresses optimism for continued domestic growth in clean appliances, supported by ongoing national subsidies, increasing category penetration, and active new consumer trends. The overseas performance is also expected to be promising [4][8]. Summary by Sections Investment Recommendations and Targets - The report recommends focusing on Stone Technology (688169, Buy) and Ecovacs (603486, Buy) due to their strong growth prospects and operational improvements [4][8]. Market Dynamics - The clean appliance market is currently witnessing a favorable environment with improved competition, innovation premiums, and internal management optimizations, which are expected to support profit margin recovery [4][8]. - The anticipated recovery in profit margins is attributed to a better competitive landscape and the potential for technology-driven price premiums in high-demand products like robotic vacuum cleaners [4][8].

2023年，中国腔镜手术机器人迎来商业化元年，国内企业加快商业化步伐，并将商业版图拓展至海外。在近两个月，瑞龙外科、敏捷医疗、唯精 医疗的腔镜手术机器人相继获批NMPA，国产阵营再添三员生力军。 作为外科医疗器械领域的技术顶峰，腔镜手术机器人占据了手术机器人的最大细分市场，一直备受瞩目。 在达芬奇进入中国近二十年的历程中，腔镜手术机器人的临床应用价值和市场潜力已得到充分验证，激励了国内企业加速入局。2021年，中国腔 镜手术机器人迎来获批元年，威高妙手机器人率先拿证，随后，微创医疗机器人、思哲睿、精锋、术锐®机器人等一众企业的产品也相继获批。 在此，动脉网研究了全球23家企业的30款产品，并访谈了博恩思、术锐®机器人、精锋医疗、佗道医疗等行业领先企业，以洞悉腔镜手术机器人 的创新特征、迭代趋势及国产设备的发展潜力。 | 企业 | 产品 | 临床 | 获批适 | 机械臂 | 影像功能 | 机械臂构 | 其他亮点 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 阶段 | 应症 | | | 型 | | | | | | | 三大区国 | | | | ...