一季度，全省经济运行实现良好开局，消费市场持续升温，社会消费品零售总额同比增长6.7%。 其中，以旧换新政策对消费的拉动作用尤为明显。近日，省商务厅相关负责人介绍，一季度，全省参与 商务领域消费品以旧换新的消费者超过190万人次，惠享消费补贴近20亿元，直接拉动相关领域消费超 过150亿元。 气温回暖，家居家装行业也迎来消费旺季。3月份，我省家装厨卫以旧换新活动上线，对本就季节 性回暖的家居家装市场产生积极促进作用，当月全省建筑及装潢材料类商品销售激增，实现两倍快速增 长。 "向好态势主要体现在汽车销售、家电手机以及家装厨卫等多个方面。"省商务厅相关负责人表示， 一季度，全省汽车以旧换新实现销售额超过95亿元，占全省商务领域以旧换新总销售额比重超过了 60%，汽车销售起势有力，成为拉动消费的主要力量，助力全省汽车类零售额同比增长了3.6%。 此外，消费品以旧换新政策，还引导着节能、绿色、环保的消费理念，有效促进消费升级。一季 度，全省能效等级为1级和2级的家电商品和智能手机零售额均增长超过40%，新能源汽车零售额增长超 过20%。 下一步，我省将提升消费品以旧换新工作的针对性和实效性，围绕强化宣传、优化流程、 ...

2025年京东补贴小家电品类更广，京东自营全国发货，小家电除了微波炉、电饭煲是常规品类，截止 4.22新增36项(不完全统计)小家电品类纳入补贴。天猫、淘宝采取地区专享的政策，截止4.22小家电政 策覆盖的区域共16个，部分地区如浙江、广东、湖北、湖南、陕西等地区补贴的小家电品类范围明显扩 张，三方数据显示小家电行业多数品类25年恢复增长，偏刚需品类价增，长尾品类中养生壶、电动类量 价齐增。该行预期在国补小家电品类扩围的情况下，各公司内销有望提速。 国补覆盖面扩大，该行认为主要利好三类公司 1)刚需品类占比高且价格带定位中高端的公司(刚需品类Q1饭煲、微波炉纳入国补常规品类，补贴力度 大，可预期的国补持续性或更好)。2)长尾品类养生壶及动力类占比高的公司(养生壶和动力类在本轮国 补中刺激效果比较明显)。3)京东占比高，总部补贴力度大以及子公司布局广泛的公司(京东自营可以全 国发货，总部补贴力度大且子公司布局广泛可以更大程度享受地区专享补贴。) 智通财经APP获悉，浙商证券发布研报称，行业数据显示25年小家电多数品类恢复增长，刚需品类价 增，养生壶等长尾品类量价齐增。国补主要利好三类企业：1)刚需品类占比高且定 ...

Scott Cartwright Good morning, and welcome to Whirlpool Corporation's first quarter 2025 earnings call. Today's call is being recorded. Joining me today are Marc Bitzer, our Chairman and Chief Executive Officer, and Jim Peters, our Chief Financial and Administrative Officer. Our remarks today track with the presentation available on the Investors section of our website at whirlpoolcorp.com. Before we begin, I want to remind you that as we conduct this call, we will be making forward-looking statements to as ...

Core Viewpoint - A. O. Smith Corporation (AOS) is expected to report a decline in both revenue and earnings for the first quarter of 2025, with revenues estimated at $947.3 million, down 3.2% year-over-year, and earnings at 90 cents per share, reflecting a 10% decrease from the previous year [1]. Group 1: Earnings Estimates - The Zacks Consensus Estimate for AOS's revenues is $947.3 million, indicating a 3.2% decline from the same quarter last year [1]. - The consensus estimate for earnings is 90 cents per share, which has remained stable over the past 60 days, representing a 10% decrease from the year-ago quarter [1]. Group 2: Recent Performance - In the last reported quarter, AOS's earnings missed the Zacks Consensus Estimate by 4.5%, with a trailing four-quarter negative earnings surprise averaging 1.1% [2]. Group 3: Influencing Factors - Tepid demand for residential and commercial water heater products in North America is expected to negatively impact the segment's performance, with revenues projected to decrease 2.6% to $746 million [3]. - Ongoing challenges in the Chinese real estate market are likely to affect AOS's performance, with estimated revenues for the Rest of World segment at $216 million, down 4.8% year-over-year [4]. - High costs and expenses have negatively impacted AOS's performance, with labor shortages and increased material costs contributing to the challenges [5]. Group 4: Acquisitions Impact - Recent acquisitions, such as the Pureit business from Unilever in November 2024, are expected to positively impact AOS's top line by enhancing its water treatment solutions and brand recognition in India [6]. - The acquisition of Impact Water Products in March 2024 has expanded AOS's water treatment footprint in North America, contributing to its North America segment [7]. Group 5: Earnings Whispers - AOS has an Earnings ESP of -0.93%, with the Most Accurate Estimate at 89 cents per share, which is lower than the Zacks Consensus Estimate of 90 cents [9]. - Currently, AOS holds a Zacks Rank of 4 (Sell), indicating a less favorable outlook for an earnings beat this quarter [9].

Core Viewpoint - The stock market experienced an overcorrection due to tariff-induced fears, leading to a sell-off of fundamentally sound stocks that present deep value opportunities for investors as concerns subside [1][2]. Group 1: Snap-on - Snap-on reported mixed Q1 results but maintains a resilient business outlook, with expectations for stability in 2025 [2][4]. - The company has an attractive capital return strategy, with a dividend yield of 2.77% and share buybacks that enhance shareholder value [4]. - Balance sheet highlights include increased cash, inventory, and assets, with equity rising over 2% and low leverage [4]. Group 2: Whirlpool - Whirlpool's Q1 results showed a significant contraction in revenue and earnings, attributed to divestitures and repositioning efforts to capture the U.S. housing market recovery [5][6]. - The company is well insulated from tariff threats, with 80% of goods manufactured in the U.S., and its dividend yield stands at 9% [6]. - Q1 balance sheet highlights include reduced debt and a 13% increase in equity, indicating financial stability [6]. Group 3: Verizon - Verizon is not experiencing rapid growth but is leading the industry in size and scope, reaffirming its guidance for expanding free cash flow [9][10]. - The company has improved its free cash flow through debt reduction and strengthening its balance sheet, with a dividend payout expected to grow at a low single-digit pace [10]. Group 4: Cintas - Cintas' stock price pullback is linked to several factors, but the business remains strong with expected capital returns continuing [14][15]. - The company benefits from healthy labor markets, which support its growth trajectory [15]. Group 5: Lockheed Martin - Lockheed Martin's stock price decline is primarily due to the loss of a critical contract, but fundamentals remain strong with solid Q1 results and a robust outlook for U.S. government defense spending [18][19]. - The dividend yield is 2.85%, and share buybacks have reduced the share count by 2.6% year-over-year in Q1 [19].

Overview - Changhong Meiling Co., Ltd. has approved the establishment of a subsidiary, Mianyang Changhong Smart Home Appliances Co., Ltd., and authorized it to bid for industrial land use rights in Mianyang, Sichuan Province, with a total bidding price not exceeding 59.5 million RMB [2][3] Subsidiary Establishment - The subsidiary, Mianyang Changhong Smart Home Appliances Co., Ltd., was officially registered on March 21, 2025, with a registered capital of 500 million RMB [3] - The company will focus on the research, manufacturing, and sales of home appliances, among other activities [3] Land Use Rights Auction - The subsidiary successfully acquired the land use rights for approximately 136,737.72 square meters (205.11 acres) at a price of 59.008598 million RMB [3][5] - The land is designated for secondary industrial use, with a lease term of 50 years [5][6] Contract Details - The contract stipulates that the subsidiary must pay 50% of the total price within one month and the remaining amount within six months [5] - The contract is effective upon signing and has been approved by the Mianyang Municipal Government [6] Investment Purpose and Impact - The land will be used for the washing machine project, enhancing the company's production capabilities and market reach in Southwest and Northwest China, as well as Europe and Central Asia [7] - The investment is expected to positively impact the company's long-term development without adversely affecting cash flow or normal operations [7]

后周期：终端需求仍偏弱，盈利能力承压 地产端，2025年1-2月住宅竣工面积同比-18%，后周期行业需求承压，但环比2024Q4降幅均有收窄;而在 以旧换新政策方面，考虑到消费者需求在去年四季度或有集中释放，一季度带动或有限;综合来看，该 行预计2025Q1产业需求基本与2024Q4相近，总体依然偏弱。在规模承压背景下，板块盈利能力或也小 幅承压。 智通财经APP获悉，国联民生证券发布研报称，内销稳健增长叠加外销优异表现，家电板块整体稳健经 营。后续看，基于政策带动及偏低基数，内销或提速;而龙头公司抗风险手段丰富，外销风险可控，总 体稳健经营可期。叠加板块估值分红优势，维持"强于大市"评级，标的方面：推荐白电龙头格力电器 (000651.SZ)、美的集团(000333.SZ)、海尔智家(600690.SH)、海信家电(000921.SZ)。 国联民生证券主要观点如下： 白电：收入稳健增长，盈利能力延续改善 政策接续预期影响下，2025Q1空调/冰箱/洗衣机内销增速环比或略有放缓;出口端，基于产业在线数据 以及龙头前期订单情况，预计依然维持较好增长，表现较超预期;综合影响下，白电板块当季收入稳健 增长可期，此外 ...

4月10日15:00 欢迎扫码预约，来直播间互动赢好礼 直播亮点： 1、营销流量重构，内容流量强化深度触达 2、品牌以用户为核心布局，营销与渠道进一步融合 3、2025营销重点继续连接用户和提高效率，三大关键点构成营销基础 营销流量再分配，营销效果重新定义如何聚焦？ 欢迎扫码预约，来直播间互动赢好礼 直播亮点： 营销继续向线上迁移，四大典型类型行业营销观察： 1）投入不增，多元创新，结构调整，如：汽车、小家电 2）投入维稳，渠道融合增强，如：美妆 3）投入大幅增长，强曝光突破，如：生活服务、运动服饰 4）新行业营销抢市场，如：AIGC QuestMobile 2024年中国营销市场年度报告 行业篇 f争加剧、营销形态变 维挤压 ,品牌营 HE W 出車制? 分享嘉兵:学 QuestMobile 研究经理 4月11日15:00 竞争加剧、营销形态变革等多维挤压下，品牌营销如何突出重围？ 投入不增,多元创新,结构调整,如:汽车、小家电 投入维稳,渠道融合增强,如:美妆 投入大幅增长,强曝光突破,如:生活服务、运动 服饰 新行业营销抢市场,如:AIGC 号兵:土 QuestMobile 高级研究经理 15:00-1 ...

Core Insights - GXO Logistics, Inc. has formed a strategic partnership with Hisense to manage logistics operations at a new 36,000-square-meter facility in Valencia, enhancing supply chain efficiency and customer satisfaction [1][2][4] Group 1: Partnership Details - The new logistics center will handle distribution, returns, repacking, and value-added services, with a capacity to distribute over 700,000 units annually [2] - The partnership aims to address supply chain challenges and operate an environmentally sustainable facility, reflecting shared values of innovation and excellence between GXO and Hisense [2][4] Group 2: Operational Improvements - In just two months, GXO has improved productivity and inventory accuracy by implementing specialized solutions for bulky and delicate products, reducing breakage rates [3] - The rapid implementation of operations at the new site demonstrates GXO's capability as a benchmark technology partner [3] Group 3: Sustainability Initiatives - GXO utilizes 100% renewable energy in Spain, has installed LED lighting, and recycles 82% of waste generated at its centers, showcasing its commitment to sustainability [5] - An initiative with Hisense focuses on using eco-friendly packaging to further reduce waste in logistics operations [5] Group 4: Company Overview - GXO is the largest logistics provider in Spain, operating 50 sites and employing over 8,500 workers, recognized as one of the "Best Places to Work" in Spain for five consecutive years [6] - The company is positioned to benefit from the growth of e-commerce, automation, and outsourcing, with a global presence across more than 1,000 facilities [7]

长按扫码 ▲立即了解 " 智能化时代带来了前所未有的便利，也带来了前所未有的麻烦甚至安全问题。 " 文 / 巴九灵（微信公众号：吴晓波频道） 易坏难修的智能产品 吐槽智能产品的声音越来越多，小巴来自宁波的同事李晓便一肚子不满。 矛头指向她去年两百多买的某知名品牌智能落地扇，夏天还没过完，便突然无法开机。 "它里面坏掉，无法感应，以前机械电风扇可以拆，它又很难拆。"她对小巴说道。 为解决问题，她找到线上官方渠道，但提报流程复杂，后续找第三方，对方又推说修不了。 还有家里用了几年的某高端智能吸尘器，因马达老化，她 "逞强"买了配件自修，结果再度被视频里复杂的安装过程劝退。 据浙江省经信厅产业数字化推进处二级调研员周金榜的披露： 按照人口比例来算，浙江的智能家居产品渗透率应该排在全国第一位。 由此，来自浙江的消费者正在成为智能家居的试验官，他们所经历的故事是智能产品快速普及下的缩影。 在浙江 "网红"节目《1818黄金眼》中，与智能产品故障相关的新闻层出不穷，小巴统计后发现，近一年时间，出现了不少 匪夷所思乃至后怕的新 闻，试举几例： 去年 6月，宁波汪女士于2017年购买的一套智能家居系统，花费47900元，可以 ...