凤凰网科技讯 8月1日，蔚来汽车宣布，携手美的共同推进车家互联新体验落地。依托蔚来整车全域操 作系统SkyOS 天枢、NIO Link全景互联技术和NOMI Intelligence，融合美的Smart Home Agent多模态智 慧家庭AI管家，打通美的互联平台能力，实现技术与生态全面协同。 在美的全屋智能战略发布现场，蔚来ET9展示了用户通过车家互联，可自由定制离家/ 回家智能模式， 车辆识别进出家范围后，将自动联动美的智能家电、灯光窗帘等设备。该体验后续计划在蔚来"Cedar 雪松"智能系统车型上陆续推送。此外，Cedar 实现了更大程度的跨域打通，比如后排乘客可以通过后 排娱乐屏来观察路况，防范开门杀。 ...

Core Insights - Hisense Home Appliances reported a strong performance in its 2025 semi-annual report, driven by technological innovation and steady growth in core businesses [2] - The company maintained a leading position in the multi-split central air conditioning market with over 20% market share [2] - Hisense's air conditioning products achieved the highest market share in the fresh air segment, with a sales share of 43.9%, an increase of 12.3 percentage points year-on-year [2] Air Conditioning Business - Hisense's air conditioning segment showed significant growth, leading the fresh air market with a 43.9% sales share [2] - The company’s multi-split central air conditioning maintained over 20% market share, solidifying its industry leadership [2] Refrigerator Business - The refrigerator segment demonstrated robust performance, with retail sales increasing by 9.5% year-on-year and market share rising by 1.64 percentage points [2] - Rongsheng refrigerators saw a retail sales increase of 9.7%, while Hisense refrigerators experienced an 8.6% growth in retail sales [2] Washing Machine Business - Hisense's washing machine domestic revenue grew by 37.58% year-on-year, outpacing industry growth [2] - The company launched the world's first 4-in-1 heat pump washing and drying machine, showcasing significant technological advancements [2] Kitchen Appliances - Hisense's kitchen appliance business saw a 52% year-on-year increase in offline retail revenue, reflecting successful product upgrades and channel integration [2]

Financial Data and Key Metrics Changes - Total revenue in Q2 2025 was $127.8 million, down 18.2% from the previous year, primarily due to lower volumes in the U.S. Consumer business as retailers paused purchases [18] - Gross profit was $35.1 million, compared to $40.5 million in the same period last year, with a gross margin increase of 160 basis points to 27.5% [19] - Operating profit was $5.9 million, or 4.7% of total revenue, down from $10 million or 6.4% in the previous year [21] - Net income was $4.5 million, or $0.33 per diluted share, compared to $6 million, or $0.42 per diluted share, a year ago [21] - For the first half of 2025, revenue was $261.1 million, down 8.2% from 2024, with gross margin increasing 120 basis points to 26% [21] Business Line Data and Key Metrics Changes - The core business maintained its number one position in units in North America despite top-line headwinds [12] - The Health business generated $1.7 million in revenue for Q2, significantly improving from $859,000 last year, while reducing operating segment loss from $2 million to $864,000 [32] - The commercial business contributed positively to gross margin expansion and profitability, with expectations for SunCast revenue to be about 5% of the commercial business in 2025 and double in 2026 [14] Market Data and Key Metrics Changes - The U.S. business was adversely affected by increased tariffs, leading to a decrease in retailer demand [6] - Retailers paused purchasing in response to new tariffs, impacting sales volume [18] - Visibility remains limited due to ongoing tariff negotiations and their potential impact on consumer buying [23] Company Strategy and Development Direction - The company is diversifying manufacturing away from China to other Asia Pacific countries to minimize tariff exposure [7] - Strategic pricing actions were taken in June to align with current tariff rate increases, which were accepted by retail partners [9] - The company is optimistic about market opportunities for its core business, with key placements secured for the holiday season [12] - The Lotus brand launch is expected to be heavily supported with over $5 million in marketing over the next 18 months [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and brand strength despite near-term challenges [15] - The company is focused on maintaining market leadership and achieving long-term success through proactive measures [15] - Ongoing geopolitical events and trade negotiations create uncertainty in retailer planning and consumer demand [23] Other Important Information - The company realized $10 million in annualized savings from cost management measures, including an 8% reduction in force [9] - Net cash used for operating activities was $23.8 million for the first half of 2025, compared to a net cash provided of $37.1 million in the same period last year [22] - The restructuring charge for the quarter was approximately $800,000 [49] Q&A Session Summary Question: Performance of Health Beacon in Q2 - Management reported that the Health business had $1.7 million in revenue for Q2, significantly improving from last year, and is on track to meet growth targets [32] Question: Capital allocation plan regarding buybacks - Management indicated that stock buybacks are opportunistic and aim to avoid dilution from stock issuances [34][36] Question: Cost savings program details - A significant portion of the $10 million in annualized savings is headcount-related, primarily from the retail segment [41] Question: Pricing increases and competitive landscape - Management noted that pricing adjustments were made to cover tariffs, and competitors face similar challenges [43][48] Question: Long-term growth strategy - Management emphasized a focus on growth, particularly in the premium space, and expressed confidence in the company's strategy despite recent challenges [56][60]

忆江南，乌镇里，邂逅灵韵设计的无限可能。7月25-27日，第三届ASKO非凡设计大奖—— ASKO×IDEAT理想家乌镇设计游学之旅圆满举行。 此次活动以"水乡感质 设计探本"为主题，于溯源设计与自然、传统与现代交融的水乡美学中勾勒设计 图景。ASKO中国区总经理华安，《IDEAT理想家》出版人杨莹，知名建筑师、HATCH汉齐建筑联合创 始人及设计总监卫宏涛等共同参与游学，共绘理想人居的更多表达。 精彩行程 解锁水乡人文与艺术 此次游学，知名建筑师、HATCH汉齐建筑联合创始人及设计总监卫宏涛担任领队，其以解说者的身 份，用专业视角拆解乌镇建筑设计深处的细节密码，让沉浸式体验真正转化为可感知、可思考的设计养 分。 此外，设计师们还迈入西栅染坊，感受非遗文化的魅力；评书场静听吴侬软语，感悟语言背后的人文生 活；参观互联网会议中心，洞见江南古老建筑与现代网络相融共生的设计思考。 值得一提的是，此次游学恰逢知名指挥家俞潞执棒的贝多芬《命运交响曲》音乐会于乌镇大剧院同期启 幕，设计师们也得以置身于艺术现场，在经典乐章中感受艺术共鸣。 携手同频 共绘理想人居图景 源起1918年，作为北欧奢品家电品牌，ASKO一直秉承斯 ...

Core Insights - Midea Group is undergoing significant organizational changes, focusing on integrating its operations in the refrigerator, washing machine, and kitchen appliance sectors, reflecting a shift from wholesale to retail thinking [1][2][3] - The company has experienced multiple rounds of layoffs, with a notable reduction in staff across various departments, indicating a broader trend of optimization within the organization [1][2][4] - The transition to a Direct-to-Consumer (DTC) model is central to Midea's strategy, which has led to reduced support for traditional distributors and increased operational challenges for regional dealers [4][6][9] Group 1 - The recent organizational adjustments at Midea are aimed at consolidating its operational centers and enhancing efficiency in response to market demands [1][2] - The restructuring has resulted in significant layoffs, with many employees from various departments affected, primarily targeting long-term staff [2][4] - Midea's internal strategy emphasizes a shift towards retail, with a focus on DTC and OBM (Own Brand Manufacturing) to improve market competitiveness [2][3][6] Group 2 - Regional distributors have expressed concerns over reduced traffic support from Midea, leading to increased operational costs and challenges in maintaining profitability [4][9] - The company's leadership has articulated a need for simplification and self-revolution to address performance concerns, as indicated by the chairman's directives [6][8] - Midea's financial performance shows a revenue of 407.15 billion yuan for 2024, with a net profit of 38.54 billion yuan, indicating growth but also highlighting a lag in profit growth compared to competitors [9]

Core Viewpoint - Midea Group is undergoing significant organizational changes, focusing on integrating its operations in the refrigerator, washing machine, and kitchen appliance sectors, reflecting a shift from wholesale to retail thinking [2][3][4] Group 1: Organizational Changes - Midea has announced an organizational restructuring aimed at consolidating its operational centers and optimizing its accountability mechanisms [2][3] - This restructuring is part of a broader strategy to transition towards a Direct-to-Consumer (DTC) model, which has been the main theme in Midea's approach to the Chinese market over the past two years [2][3] - The adjustments have led to significant layoffs across various departments, with older employees being the primary targets of these reductions [2][3] Group 2: Impact on Distributors and Employees - Regional distributors have expressed concerns that the DTC transformation is reducing the support they receive, making it increasingly difficult for them to operate profitably [5][6] - The restructuring may lead to a reduction in the number of operational distributors, pushing them to adapt to a retail model or face potential exit from the market [5][6] - Employees are facing challenges in integrating different teams and maintaining professional standards amid the organizational changes [5][6] Group 3: Financial Performance and Concerns - Midea's revenue for 2024 is projected at 407.15 billion yuan, with a year-on-year growth of 9.44%, and a net profit of 38.54 billion yuan, reflecting a 14.29% increase [8] - However, when excluding non-recurring gains, Midea's net profit growth of 8.39% lags behind competitors like Haier and Gree, indicating concerns about the core business's profitability [8][9] - The management is focused on simplifying operations to drive growth, as highlighted by the chairman's emphasis on self-revolution and operational efficiency [6][8]

Core Viewpoint - Whirlpool Corp reported disappointing second-quarter earnings and significantly lowered its full-year guidance, leading to a sharp decline in its stock price [1][2]. Financial Performance - The company reported earnings per share (EPS) of $1.34, missing the previous estimate of $1.47, and adjusted EBIT of $200 million, which was approximately 8% below forecasts [2]. - Sales in the North American Major Domestic Appliances (MDA) segment dropped by 5% year over year, contributing to the overall underperformance [2]. Guidance and Projections - Whirlpool cut its full-year 2025 ongoing EPS guidance to a range of $6–$8, down from a prior estimate of $10 [3]. - The company now expects flat organic revenue growth for the year, with operating margins projected to remain constrained [3]. Challenges and Risks - Analysts highlighted several challenges, including elevated leverage, softening consumer demand, and limited benefits from U.S. import tariffs [4]. - Despite a domestic manufacturing footprint, foreign competitors are reportedly more willing to sacrifice near-term margins to maintain market share [4]. Dividend and Financial Health - Whirlpool reduced its annual dividend by nearly 50%, from $7 to $3.60, and lowered its free cash flow forecast to $400 million [5]. - The company's leverage is elevated at 5.4x net debt to EBITDA, and its credit rating has been downgraded to high yield [5]. Analyst Reactions - Bank of America downgraded Whirlpool from Neutral to Underperform and lowered its price objective for the shares to $70, citing reduced earnings forecasts and sustained financial risk [5]. - The firm cut its EPS estimates for 2025 and 2026 by 22% and 23%, respectively [5]. Market Reaction - Following the earnings report, Whirlpool shares closed down 13.43% at $84.76 [6].

Financial Data and Key Metrics Changes - The company experienced a 3% decline in net sales, excluding currency effects, due to negative consumer sentiment impacting global industry demand [10] - Ongoing earnings per share were reported at $1.34, negatively impacted by approximately $0.35 from a noncash loss associated with a minority interest in Becker Europe BV [11] - Free cash flow was unfavorable compared to the prior year by approximately $140 million, driven by seasonal inventory build [11] Business Line Data and Key Metrics Changes - MDA North America saw a 5% decline in net sales year over year, with EBIT margin approximately 6% [15][16] - MDA Latin America experienced a 1% decline in net sales year over year, with EBIT margin at 6% [17] - MDA Asia reported a 4% decline in net sales year over year, but achieved over 7% EBIT margin with 90 basis points of margin expansion [19] - SDA global business delivered 8% net sales growth year over year, driven by direct-to-consumer sales growth [20] Market Data and Key Metrics Changes - Asian appliance imports were estimated to approach the highest level on record during the first half of the year, contributing to promotional intensity [6] - The overall industry is expected to be flat to down 3% globally, with MDA North America and Latin America also expected to be flat to down 3% and 5% respectively [45][46] Company Strategy and Development Direction - The company is focused on new product introductions, with over 30% of North American products transitioning to new products in 2025, marking the largest product portfolio refresh in over a decade [21] - The company aims to leverage its strong U.S.-based manufacturing footprint to benefit from new tariff and trade policies [22][24] - The company is committed to investing in innovative products and reducing debt levels while maintaining a healthy dividend [49][50] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic uncertainty, elevated interest rates, and evolving trade policies have negatively impacted consumer sentiment [5] - The company expects meaningful improvement in the North American business as the full impact of tariffs kicks in later this year [7] - Management remains confident in the long-term fundamentals of the housing market and believes the company is well-positioned to benefit from eventual recovery [25][34] Other Important Information - The company updated its full-year guidance, expecting approximately flat net sales of $15.8 billion in 2025, reflecting strong new product pipeline offset by worsening global consumer sentiment [41] - The company plans to adjust the annual dividend rate to $3.60 per share starting in the third quarter to create capacity for future investments and debt repayment [51][96] Q&A Session Summary Question: Estimate of pull forward tariff-free imported product currently on the ground - Management indicated that it is difficult to provide an exact estimate but noted a significant imbalance between declared sell-in and actual sell-out, with a potential 60 to 90 days of inventory from excess Asian imports [59][61] Question: Promotional calendar and second half outlook - Management stated that they significantly reduced promotional efforts in Q2 and do not expect a completely different behavior in the second half, anticipating a more muted promotional environment [62][64] Question: North America major margins and guidance - Management confirmed that the adjustment in guidance reflects continued delays for tariffs, with no change in the fundamental investment story [76][78] Question: Performance of SDA business and back half outlook - Management expressed satisfaction with SDA performance, driven by new product momentum and direct-to-consumer growth, while noting that the segment is back half loaded [88][90] Question: Update on India sale - Management expects proceeds from the India sale to be in the $550 million to $600 million range, with closure anticipated by the end of the year [110][112] Question: Confidence in pricing actions to offset tariffs - Management confirmed that necessary pricing actions have been implemented to offset tariffs, although the impact was masked by a loss in product mix [114]

Financial Performance - Net sales were $38 billion, a decrease of 54% year-over-year, or 32% excluding currency effects[16] - Ongoing EBIT margin was 53%, unchanged year-over-year, impacted by unfavorable currency[16, 18] - Free cash flow was negative $856 million, representing -227% of net sales, impacted by seasonal inventory build[16, 18] Segment Results - North America (MDA NAR): Net sales decreased by 5%, and EBIT margin decreased by 03 percentage points[23] - Latin America (MDA LAR): Net sales decreased by 1%, but EBIT margin increased by 02 percentage points[27, 29] - Asia (MDA Asia): Net sales decreased by 4% excluding currency, but EBIT margin increased by 09 percentage points[31, 34] - Global Small Domestic Appliances (SDA Global): Net sales increased by 8%, and EBIT margin increased by 34 percentage points[36, 38] 2025 Guidance - Net sales are projected to be approximately $158 billion, flat year-over-year[88] - Ongoing EBIT margin is expected to be around 57%, flat year-over-year[88] - Free cash flow is estimated at approximately $400 million, representing about 25% of net sales[88] Strategic Initiatives - Whirlpool is focusing on new product introductions, particularly in North America, with over 30% of the product portfolio transitioning in 2025[42] - The company expects to pay down approximately $700 million of debt in 2025[98, 102] - Capital expenditures are planned at around $450 million for innovation, digital transformation, and cost optimization[97, 98]

前几年，把大象放进冰箱只需要三步：打开冰箱门—放入大象—关上冰箱门。 现在，想把大象放进冰箱，还得多走一步：找到合适的冰箱门。 因为现在的冰箱，门实在是越来越多了。 冰箱的N种打开方式 冰箱可能有多少个门，就可能有多少种开门方式。 单开门冰箱容量一般不大，而且只有冷藏功能，因此通常只有一个侧面打开的门。但胜在便宜、省电、灵活，适合酒店民宿、办公室等场景。 对开门是囤货派和大家庭喜爱的大容量款，外表大气，内里能装。相比上下双开门，对开门把冰箱的功能区划分从上下换成了左右，一边冷冻，一边冷 藏。但不同型号的分区方式不一，新手小白可能一时很难分清。以海尔为例，该品牌型号为BCD-519WLHSSEDX9的对开门冰箱将冷冻区放在右侧，而同 为对开门冰箱的BCD-616WGHSSEDC9则将冷冻区放在左边。 图源：淘宝 当冰箱拥有三开门时，门的布局不仅可以上中下垂直分布，还可以呈"T型"分布，功能也更丰富。 比如上中下三门，比上下两门式冰箱更多了一个中间层——变温区，可以根据实际需求随机调节温度，满足当下的临时储存需求。以美的冰箱251为例， 该冰箱的变温区支持-18°C—8°C中调节温度。据品牌介绍，该变温区有27档 ...