Shenzhen, China, July 08, 2025 (GLOBE NEWSWIRE) -- As Amazon Prime Day 2025 kicks off, Proscenic is making headlines with limited-time savings of up to 50% on its most popular home cleaning devices. From July 8 to 11 (CEST), shoppers can score major deals on top-performing models like the P11 Mopping Vacuum and the Q8 and Q8 Max Robot Vacuums—starting at just $99. In addition to the Amazon event, Proscenic is running a parallel summer promotion on its official website through July 18, offering an extra 2 ...

（文章来源：南方都市报） 为应对高峰期货车集中到仓造成的拥堵，京东物流哈尔滨大件仓新增两组专业卸车队伍，扩大卸货通 道、优化派车机制等大幅提高车辆周转效率。仓储环节同步增派200余名跨业务线支援人员，并开设夜 班专班，实现24小时不间断作业。分拣环节则开通"绿色通道"绕过常规积压环节，缩短了30%的时间。 在末端服务环节，京东物流在现有工程师基础上再增投近四成人员储备，全力保障空调的高效送装与服 务履约。 在小红书，有不少东北网友分享了自家第一次安装空调的经历，也有东北的网友吐嘈称空调已经到家两 天，因为预约不上安装师傅，还一直没能安装。还有空调行业从业者爆料，"现在加钱安装都不好使， 一天好几百户，都整不过来"。 近日，东北多地持续迎来高温天气，叠加国家家电补贴政策红利，空调市场也迎来集中式爆发增长。京 东物流数据显示，从6月24日至今，黑龙江省内空调送货、安装订单量较去年同期增长超300%；其中7 月4日更迎来"订单井喷"，较去年增长400%，达到历史最高峰值。 小米副总裁王晓雁也发布微博称，从6月24日开始，东北内蒙持续高温，空调销量暴涨，小米空调最高 是去年同期的20倍，"我们服务部紧急从全国各地组织 ...

Core Viewpoint - The early onset of high temperatures in Qingdao has significantly boosted the air conditioning market, driven by various consumer demands such as replacing old units, adding new ones, and new home purchases [1][3][5]. Group 1: Consumer Demand - There are two main consumer demands driving sales: replacing old air conditioning units and purchasing new ones for newly decorated homes [3][8]. - Many consumers are taking advantage of national subsidy policies to replace old air conditioners, with incentives of 15% for secondary energy efficiency and 20% for primary energy efficiency [8][12]. - The demand for air conditioning is heightened by the early heat wave, with consumers seeking quick solutions to cope with the discomfort [5][10]. Group 2: Sales and Installation Trends - Air conditioning sales have surged, with a reported 60% increase in sales volume and an 80% increase in installation rates at JD MALL [7][10]. - The installation volume in Qingdao has reached a five-year peak, attributed to the combination of high temperatures, new home deliveries, and government subsidy policies [7][8]. - Sales at Suining Yigou have also seen significant increases, with weekend sales reaching 300-350 units per day, doubling from previous figures [8][10]. Group 3: Market Response and Promotions - Retailers are actively promoting air conditioning sales through various marketing strategies, including community group buying events and promotional offers [5][10]. - JD MALL and Suining Yigou have launched promotional campaigns to attract consumers, including gift cards and product bundles [5][10]. - The market is experiencing a high demand for energy-efficient and smart air conditioning products, reflecting a shift in consumer preferences [12]. Group 4: Installation Challenges - The surge in sales has led to increased pressure on installation services, with companies striving to complete installations within 48 hours [10][12]. - Installation teams are working at full capacity, with some companies bringing in additional workers from other regions to meet demand [10][12]. - The overall market is expected to maintain high demand for air conditioning in the short term, with a predicted decline in explosive demand around mid-August [10][12].

Investment Rating - The report maintains an overweight rating on China within the MSCI Emerging Markets (EM) index, highlighting resilient earnings and improving return on invested capital (ROIC) among listed manufacturers in China [8]. Core Insights - China's export volumes have surged by 20%, significantly outpacing a 6% rise in the rest of the world, marking the strongest outperformance since its WTO accession [2]. - Emerging Markets (EM) now account for over half of China's exports and trade surplus, indicating a deeper penetration into various sectors beyond just low prices [2][27]. - The report suggests that China's rising export competitiveness may negatively impact growth in the rest of EM, with manufacturing/GDP ratios near COVID lows and weakening orders [3][74]. Summary by Sections Export Dynamics - China's exports are increasingly directed towards EM, with a notable rise in its trade surplus with these regions [27][65]. - The report indicates that China's share of world exports has reached its highest level in approximately 20 years, with significant gains in various sectors [36][37]. Economic Implications - The macroeconomic data suggests that EM ex-China is experiencing challenges such as decelerating foreign direct investment (FDI) inflows and subdued credit impulses, which may be exacerbated by China's competitive exports [3][4]. - The report highlights that manufacturing margins in EM ex-China are near decadal highs, but rising competition from China could pressure these margins [10][11]. Asset Implications - The report identifies that MSCI China equities are trading at a 20% discount compared to historical averages, presenting potential upside risks due to elevated equity risk premia and high household savings [8]. - It emphasizes the need for a selective approach within MSCI EM ex-China, with Brazil and Greece appearing more insulated from the impacts of Chinese competition [10][11]. Currency and Fixed Income Outlook - The report suggests that the dollar downturn should be approached selectively in EM, as competition from China could structurally impact EM FX carry and FDI inflows [12][13]. - It expresses concerns about further curve steepening in EM local debt markets, projecting GDP growth to fall to decade lows relative to interest rates [13].

Group 1 - Ningbo's economy has a foreign trade dependency exceeding 80%, with private enterprises playing a crucial role [1] - The People's Bank of Ningbo has enhanced policy guidance and financing channels to support foreign-related enterprises, allocating a special quota of 10 billion yuan for agricultural and small loans [1] - Ningbo Boling Electric Co., Ltd. has benefited from low-cost credit financing and cross-border financial services provided by local banks, significantly reducing costs [1] Group 2 - Ningbo Bank has introduced the "Foreign Exchange Gold Manager" system, offering 24/7 online services for import and export enterprises, facilitating over 200 business operations [2] - The "Foreign Exchange Gold Manager" system has successfully assisted numerous foreign trade enterprises in managing exchange rate fluctuations and cash flow issues, serving over 3,700 freight forwarding companies [2] - The People's Bank of Ningbo has launched the "Yonghui Tong" rediscount tool to meet the discount needs of 2,578 enterprises, combining monetary policy tools with fiscal subsidies to support small foreign trade enterprises [2]

Core Viewpoint - Whirlpool's stock has seen a significant increase of over 14% in the past week, driven by positive analyst recommendations and media endorsements [1]. Group 1: Analyst Recommendations - David MacGregor from Longbow Research upgraded Whirlpool's stock rating from neutral to buy, setting a price target of $145 per share, which is 32% above the recent closing price [4]. Group 2: Media Endorsements - CNBC's Jim Cramer expressed strong bullish sentiments about Whirlpool on multiple occasions, highlighting the company's unique position as a mass producer of appliances in the U.S. and its potential benefits from tariffs on imported steel. He believes the stock could reach $120 quickly due to its low forward P/E ratio of under 10 [5]. Group 3: Market Context - Despite the positive outlook, there are concerns regarding the sustainability of the tariff regime and the need for organic improvements in Whirlpool's business, as the company operates in a competitive sector [6].

Core Viewpoint - The recent secondary listing of Stone Technology on the Hong Kong stock market raises questions about potential value reassessment, especially as the company's stock price has significantly declined, indicating possible investor sentiment issues [1][3]. Group 1: Financial Performance - Stone Technology's revenue for 2022, 2023, and 2024 is projected to be approximately 6.611 billion, 8.639 billion, and 11.918 billion RMB respectively, with net profits of about 1.183 billion, 2.051 billion, and 1.977 billion RMB during the same periods [3]. - The sales revenue from smart vacuum cleaners increased from 6.346 billion RMB in 2022 to 8.085 billion RMB in 2023, and is expected to reach 10.848 billion RMB in 2024, reflecting a compound annual growth rate of 27.4% and 34.2% respectively [3]. - The company's overall revenue surged from 4.5 billion RMB in 2020 to an estimated 11.9 billion RMB in 2024, marking an increase of over 160% [4]. Group 2: Market Position and Competition - Stone Technology holds the largest market share in the global smart vacuum cleaner industry, with a 23.4% share by GMV and 16.7% by unit sales in 2024 [8]. - Despite strong sales growth, the company faces challenges with profitability, as indicated by fluctuating gross margins of 47.9%, 54.1%, and 50.4% for 2022, 2023, and 2024 respectively [6][9]. - The competitive landscape remains intense, with Stone Technology's market share closely contested by other major players like iRobot and Ecovacs, which have shares of 13.7% and 13.5% respectively [13][14]. Group 3: Pricing and Profitability Issues - The company has experienced a decline in net profit margins, dropping from 30.23% in 2020 to 16.55% in 2024, with the first quarter of 2024 showing a further decline to 7.8% [11]. - The average selling price of smart vacuum cleaners has seen minimal increases, with prices rising only 10% and 1% over the past two years, despite a significant increase in sales volume [11]. - Price competition is evident, with significant price reductions for key models, indicating a potential price war in the market [15]. Group 4: Corporate Governance and Investor Sentiment - The chairman of Stone Technology has faced backlash for selling shares while urging investors to remain patient, highlighting a potential disconnect between management and investor confidence [20]. - Major shareholders, including those from the Xiaomi group, have significantly reduced their holdings, raising concerns about the company's future and investor trust [21].

Core Viewpoint - Gree Group has appointed a new chairman, Zou Hui, a post-80s generation leader, indicating a shift towards younger management to facilitate the company's transformation from a traditional industrial manager to a state-owned capital investment operation platform [2][3]. Group 1: Leadership Changes - Zou Hui, born in 1982, has taken over as chairman from Kang Hong, who served for just over a year [3]. - The trend of appointing younger leaders reflects Gree Group's strategy to enhance operational efficiency and align with capital operation and information industry optimization [3]. Group 2: Strategic Transformation - Since 2016, Gree Group has been undergoing a strategic transformation, resulting in a significant asset restructuring and the formation of a substantial industrial investment cluster [2][6]. - The company has established a comprehensive development framework, evolving from a focus on core manufacturing to a diversified investment operation model [6][7]. Group 3: Investment Activities - Gree Group has invested in over 900 projects, with a total investment exceeding 766 billion yuan, contributing approximately 1,023 billion yuan in output value and 56 billion yuan in tax revenue from projects in Zhuhai [7]. - The company has focused on strategic sectors such as semiconductors, new energy, and healthcare, aligning with Zhuhai's industrial upgrade needs [7].

Core Viewpoint - Whirlpool (WHR) is showing potential for investment as it has reached a significant support level and crossed above the 200-day moving average, indicating a long-term bullish trend [1][2]. Technical Analysis - The 200-day simple moving average is a critical indicator for establishing long-term market trends for various financial instruments, including stocks like WHR [2]. - WHR has experienced a rally of 29.1% over the past four weeks, and it currently holds a Zacks Rank of 2 (Buy), suggesting a strong potential for further upward movement [2]. Earnings Estimates - Recent earnings estimate revisions for WHR show one upward revision with no downward revisions for the current fiscal year, indicating growing investor confidence [3]. - The consensus estimate for WHR has also increased, reinforcing the bullish outlook alongside the technical indicators [3].

Core Viewpoint - Raytech Holding Limited has announced a public offering of 25,985,000 ordinary shares priced at $0.20 per share, aiming to raise approximately $5.197 million before expenses [1][2]. Company Overview - Raytech Holding Limited is a Hong Kong-based company with over 10 years of experience in the personal care electrical appliance industry, specializing in design, sourcing, and wholesale for international brand owners [5]. - The company offers a diverse range of personal care electrical appliances, including hair styling tools, trimmers, eyelash curlers, neck care, and nail care products [5]. Offering Details - The public offering is expected to close on July 1, 2025, subject to customary closing conditions [2]. - R.F. Lafferty & Co., Inc. is acting as the sole placement agent for the offering, while Loeb & Loeb LLP and Zarif Law Group P.C. are providing legal counsel [2][3]. - The offering is conducted under a registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [3].