据老板电器披露，2024年该公司共实现营业收入112.13亿元，净利润15.77亿元。2024年老板电器拟继续 分红，自上市以来其已累计分红63.76亿元(含2024年度分红)，未来三年仍将继续高比例分红，彰显其对 公司长期经营的信心和底气。 2024年，中国厨电行业整体增长承压背景下，老板电器（002508）通过全面拥抱AI，推动"AI+烹饪"转 型，实现了稳健经营。 老板电器表示，2024年，在政策引导与市场内生动力共同作用下，厨电行业前三季度进入深度调整周 期，呈现结构性发展态势；进入四季度后，"国补"政策(即家电以旧换新补贴政策)对市场需求提振作用 显著，行业整体呈现"精耕慢涨"的存量竞争特征。面对市场新趋势，2024年，公司技术板块持续深化产 品创新、技术突破与研发体系变革，以智能化、平台化、绿色化为核心驱动，巩固行业技术引领地位。 奥维云网数据显示，2024年中国厨卫大盘(烟、灶、电热、燃热、消、洗、嵌、净、集成灶)全渠道零售 额达1764亿元，同比增长5.7%。其中，以吸油烟机、燃气灶及各类热水器为代表的刚需品类合计规模 1098亿元，同比提升10.1%；以消毒柜、洗碗机、嵌入式产品及净水器为主 ...

此外，洗碗机1-8月销售量占比20.65%，销售额占比18.25%，均为中国品牌第一；其中消毒洗碗机 S1Plus Lite单品销量同比增长87%，成为国产洗碗机TOP1爆品。集成灶销售额线下占比39.5%，位居行 业第一。燃气热水器线下销量规模同比增长35%，实现规模快速突破。桌面油烟机于2024年末跃居天猫 桌面烟机TOP1单品，奠定细分市场领导地位。 中国经济网北京4月29日讯(记者李方)4月29日，老板电器（002508）发布2024年年报显示，2024年公司 营业收入112.13亿元，归母净利润15.77亿元。2024年老板电器继续坚持分红，自上市以来累计分红 63.76亿元(含2024年度分红)，未来三年将继续高比例分红。 截止2024年12月31日，根据奥维报告数据，老板电器核心品类持续领跑行业。油烟机线下销售额占比达 32.06%，线上占比21.41%；燃气灶线下销售额占比31.73%，线上占比19.81%，均稳居行业第一。烟灶 两件套套餐线上销售额占比26.89%，位列行业第一。 在厨电全品类布局中，奥维报告显示，微蒸烤(嵌入式蒸烤一体机)销售额线下占比27.7%，位居行业第 一。 在海外市 ...

2008年北京奥运会时，华帝曾是燃气具独家供应商，足以见其在厨电行业的影响力。华帝聚能灶、鸳鸯 灶等产品畅销多年；其自主研发的新一代聚能燃烧技术，热效率已提高到84%，远超行业水平，一氧化 碳、氮氧化合物的排放量也远低于国家标准。 产品力也直接反映在了其市场表现上。根据最新财报，2024年，华帝营业收入约为63.72亿元，同比增 长2.23%；归母净利润4.85亿元，同比增长8.39%。 而出色的营收表现源于其深厚的研发积累，财报数据显示，华帝2024年研发支出约为2.63亿元，截至 2024年底，公司拥有4416项国家级专利技术，新增专利技术885项，位居行业前列。不久之前，天眼查 APP显示华帝股份新获得一项实用新型专利授权，专利名为"一种吸油烟机的导流结构及吸油烟机"，今 年以来华帝股份新获得专利授权223个。这些专利技术为华帝的产品创新提供了坚实的基础。 转自：智通财经 在市场竞争愈发激烈的存量时代，全球厨电行业也面临着从"增量普及"转向"存量焕新"的新阶段，作为 市场中已经超过30年的资深玩家华帝股份连续多年稳居行业前三做对了什么？ "产品思维"+"用户思维"，华帝"反内卷"的底层逻辑 近年，综合整 ...

Core Insights - Under the backdrop of increased national subsidy policies, the company demonstrates strong competitive resilience and growth potential through product matrix expansion and brand building [1] - The company reported a record total revenue of 6.372 billion yuan in 2024, marking a year-on-year increase of 2.23%, with a net profit of 485 million yuan, up 8.39% year-on-year [2] Revenue Growth - The core kitchen appliance business, including range hoods and gas stoves, has maintained steady growth, with revenues of 2.735 billion yuan, 1.533 billion yuan, and 1.262 billion yuan for range hoods, gas stoves, and water heaters respectively, reflecting year-on-year growth of 6.62%, 5.28%, and 10.4% [2] - Emerging kitchen appliance categories such as steam ovens and steam-bake integrated machines have shown remarkable performance, contributing to the company's revenue growth, with revenues of 80.65 million yuan and 8.82 million yuan, representing year-on-year growth of 6.03% and 74.6% respectively [2] Brand Development - The company has established a brand matrix consisting of "Vatti," "Baide," and "Vatti Home," catering to different market levels and consumer needs [2] - The main brand Vatti continues to strengthen its positioning in the high-end market, while Baide targets domestic third and fourth-tier cities and overseas markets [3] - The company has received multiple industry honors, including "2024 TOP100 Chinese Brand Innovation Development Model" and "2024 Asia Brand 500," indicating a continuous enhancement of brand value [3] Channel Strategy - The company employs a multi-channel integration strategy, achieving a revenue of 3.148 billion yuan from offline channels, a year-on-year increase of 11.07%, with new retail revenue reaching 1.251 billion yuan, up 29.63% [4] - The company has launched six free services to stimulate consumer replacement demand under the "old for new" policy and has integrated with the Meituan platform to enhance its dealer system [4] - Online channels have also been optimized, with the company achieving a retail market share of 37.17% for ultra-thin range hoods, maintaining its leading position in the online kitchen appliance market [5] R&D and Innovation - The company has increased its R&D investment, with R&D expenses rising by 6.14% to 263 million yuan, holding 4,416 national patents, with 885 new patents added [6] - Innovations include several patented technologies aimed at enhancing cleaning performance and user experience, such as "dual-distance full-domain washing" and "smoke machine surfing wash" [6] - The company has implemented national energy efficiency standards across its product lines, ensuring that most products meet the first-level energy efficiency standards [6] Product Recognition - The company has launched several new products that have received widespread acclaim from consumers and industry recognition, including the Vatti Giant Wash Dishwasher and the Vatti Ultra-thin Range Hood [7] - Notable products have received awards such as the "16th Red Top Award - Nomination Award" and "2024 AWE Aiplan Award for Excellent Products," showcasing the company's technological leadership and innovation capabilities in the kitchen appliance industry [7]

4月28日，中国高端厨电领导品牌华帝股份有限公司（SZ.002035）发布2025年第一季度财报，数据显 示，公司一季度实现营业收入约12.6亿元；一季度净利润约1.06亿元。 此外，华帝同步发布了2024年财报，全年实现营业收入63.72亿元，同比增长2.23%，归属于上市公司股 东的净利润为4.85亿元，同比增长8.39%。业绩背后，与华帝持续推进的品牌年轻化战略和ESG理念贯 彻密不可分。 年轻化战略引发共鸣 在消费市场日益年轻化的趋势下，华帝精准洞察年轻消费者需求，全力打造新中式时尚健康生活方式。 如，华帝与S+级都市爆款爱情剧《难哄》展开合作，借助剧中男女主在厨房做饭、谈心等天然植入场 景，以及庞大粉丝群体，华帝通过巧妙嵌入产品、投放创意中插广告等形式，精准触达年轻消费客群， 成功将品牌融入年轻人的情感世界，让科技与情感在厨房场景实现共振。 同时，华帝股份积极深入国漫领域。与《长安三万里》《白蛇》系列主创共同打造宣传片，以国漫独特 艺术风格与丰富故事性为有力载体，还启用数字人IP "杨贵妃"作为代言人，推出"时光宝盒美肌浴燃气 热水器"。 其设计灵感源自东方美学，浅黛粉搭配香槟金铝合金铭牌，尽显雅致 ...

4月28日，华帝股份发布2025年一季度业绩公告，报告期内主营收入12.6亿元，归母净利润1.06亿元。 此前，申万宏源等机构表示，以旧换新有望成为厨电企业业绩的有力支撑。作为中国高端厨电领导品 牌，华帝在一季度召开2025年新品发布会，发布"时光宝盒"系列美肌浴燃气热水器、新一代微蒸烤一体 机和新品洗碗机，继续推动产品结构高端化。 根据奥维云网数据，2024年华帝在线上超薄吸油烟机市场中零售量份额37.17%，居市场首位且持续两 年保持Top1。 奥维云网（AVC）报告指出，"国补"拉动下，厨电换新消费再次升级，高颜值、绿色、智能成为市场主 流，消费结构可能演变为高端消费占比为重的"强倒三角"。华帝洞察这一消费趋势变迁，以中国文化与 东方美学为驱动，主张新中式时尚健康生活方式。公司坚持自主研发、掌握产品核心技术，并持续加大 研发投入力度，已研发"双子变距全域洗""烟机冲浪洗""晶钢心燃热平台"等517项"好清洁"专利技术， 深耕健康烹饪、健康净洗和健康沐浴三大场景，满足年轻用户的健康消费需求，帮助他们打造高品质人 居生活。 另据近期披露的2024年业绩报告，华帝2024年研发费用约为2.63亿元，同比增加6 ...

Core Insights - In 2024, Vatti Corporation (SZ.002035) reported a total revenue of 6.372 billion yuan, marking a year-on-year increase of 2.23%, achieving a historical high [1] - The net profit attributable to shareholders increased by 8.39% to 485 million yuan [1] - The "Net Clean Kitchen" strategy significantly drove growth in the revenue of range hoods, gas stoves, and water heaters, with respective increases of 6.62%, 5.28%, and 10.40% [1] Revenue Breakdown - The revenue from the overseas channel reached 756 million yuan, reflecting a year-on-year growth of 20.29% [2] - The offline channel generated approximately 3.148 billion yuan, accounting for 49.40% of total revenue, with a growth rate of 11.07% [3] - The online channel reported 2.059 billion yuan, representing 32.32% of total revenue, but experienced a decline of 5.95% [3] - The engineering channel saw a significant drop of 40.46%, with revenue of 300 million yuan [3] - Other (non-main) channels contributed 105 million yuan, with a notable growth of 42.93% [3] Strategic Factors - The company's success in 2024 was attributed to two main factors: product structure optimization and marketing innovation [2] - Vatti focused on enhancing high-end product innovation and development, maintaining a leading market share in ultra-thin range hoods, gas stoves with over 5.2kW thermal load, and automatic cleaning range hoods [2] - The company capitalized on the "National Subsidy" policy, improving terminal store operations and engaging in brand rejuvenation marketing to stimulate demand [2] R&D and Innovation - Vatti's R&D expenditure was approximately 263 million yuan, reflecting a year-on-year increase of 6.05% [3] - The total number of R&D personnel reached 650, with an increase in the proportion of individuals holding bachelor's and master's degrees [3] - The company held 4,416 national patents, with 885 new patents added, positioning it among the industry leaders [4]

"自动清洗"正成为高端油烟机的标配。近期"国补"推动的"换新潮"中，带自动清洗功能的油烟机凭 借"免拆卸、操作便捷""提高厨房清洁度"等优点，正成为消费者的新宠。作为"高端厨电三杰"之一，华 帝在自动清洗油烟机领域持续发力，凭借领先的技术实力与精准的市场洞察，赢得了千万消费者的青 睐。 据全国家用电器工业信息中心统计数据，截至2024年12月，华帝自动清洗油烟机累计销量成功突破1000 万台大关。这不仅标志着华帝在自动清洗油烟机领域的领导地位，更是其在推动"践行中国式现代化， 打造中国净洁厨房"的征程中所取得的又一里程碑。 技术迭代，打破体验的"天花板" 事实上，华帝对油烟机自动清洗技术的研究始于2011年之前。2006年，华帝研发了业内首款自动清洗油 烟机，率先闯入了这片"无人区"，打破"油烟机必拆洗"的传统认知。通过持续迭代，华帝于2011年成功 研发了"蒸汽热水洗技术"，通过多项专利实现以高温蒸汽溶解内腔油污，显著提高洗净效果。 华帝深谙技术创新的主体是"人"，而不是某一参数或专利，应该以场景化的视角审视用户与油烟机产品 的交互过程，从产品型态、捕烟技术、自清洁流程简化等方面持续优化。 2023年，华帝 ...

在消费升级的浪潮下，家庭全屋用水行业正经历着深刻的变革。 4月24日，以"美肤健康 舒适开挂 国补上车 冰爽一夏"为主题的中国家庭全屋用水行业高峰论坛盛大召 开，众多行业领军企业、专家学者齐聚襄阳，共同探讨行业的创新发展之路。 作为中国高端厨电的领导品牌，华帝在此次论坛中表现亮眼，凭借在家庭用水领域的深厚积淀与创新突 破，一举斩获三项大奖——华帝获得"2025中国家庭全屋用水行业（热水器类）焕新优选品牌"，华帝美 肌浴热水器GW6i荣获"2025中国家庭全屋用水行业（热水器类）美肤优选产品"，华帝橱下净饮机 H1000 Plus荣获"2025中国家庭全屋用水行业（净水类）焕新推荐产品"。 荣耀加冕，彰显品牌实力 纵观近几年家电市场的变化，不难发现，随着人们生活品质的提升，中国年轻消费人群对家庭生活中不 同场景的品质需求也在不断提高，其中就包括用水需求。奥维云网（AVC）推总数据称，去年的热水器 华帝热水器产品总监徐丽丽上台发言 行业引领，树立创新标杆 值得关注的是，今年行业高峰论坛将主题聚焦于"美肤"，这与华帝今年推出的美肌浴产品理念高度契 合。 作为行业内第一个提出"以水养肤"概念的品牌，华帝凭借敏锐的市场 ...

Core Viewpoint - Wanhe Electric reported significant revenue and profit growth for 2024 and Q1 2025, driven by a dual strategy of high-end and green product development [2][3] Financial Performance - In 2024, Wanhe Electric achieved total revenue of 7.342 billion yuan, a year-on-year increase of 20.29% - The net profit attributable to shareholders was 658 million yuan, up 15.73% - The net profit after deducting non-recurring items was 656 million yuan, reflecting an 8.45% increase - For Q1 2025, revenue reached 2.295 billion yuan, a 15.94% year-on-year growth - The net profit attributable to shareholders for Q1 was 179 million yuan, an 8.01% increase, while the net profit after deducting non-recurring items was 215 million yuan, up 14.40% [2] Product Strategy - Wanhe Electric launched 273 new products in 2024, with 1.63 million units sold in the mid-to-high-end category - The company is focusing on high-end products to increase average transaction value and gross margin, contributing to revenue growth - Green technology products align with policy directions and consumer upgrades, opening new market opportunities [3] Innovation and Standards - In 2024, Wanhe Electric led the formulation of two national hydrogen energy standards and was recognized as a pilot unit for hydrogen energy standardization in Foshan, Guangdong - The company is actively involved in the "Hydrogen-Ammonia Integration" technology project in Guangdong, exploring more hydrogen energy application scenarios [3] Efficiency and International Expansion - The increase in net profit is attributed to both revenue growth and the implementation of an "efficiency growth" strategy through digital transformation and lean management - Export sales grew by 41.43%, indicating the success of the "manufacturing going abroad" strategy - Wanhe Electric is building an international system capability, leveraging infrastructure upgrades and consumer upgrades along the Belt and Road countries [3] Future Outlook - The company plans to continue and deepen its existing strategic focus, particularly in emerging fields such as hydrogen energy and heat pumps - Wanhe Electric aims to cultivate product categories like heat pumps and dishwashers, expanding through brand licensing and cross-border e-commerce to create greater growth opportunities [4]