Market Overview - The black home appliance sector experienced a decline of 2.93% on November 21, with Chenyi Intelligent leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance, with *ST Gauss rising by 0.64% to a closing price of 7.87, while Chenyi Intelligent fell by 6.16% to 34.87 [1] - Other notable declines included Sichuan Changhong down 3.82% to 9.56 and Zhaochi Co. down 4.39% to 5.88 [1] Capital Flow - The black home appliance sector saw a net outflow of 324 million yuan from main funds, while retail investors contributed a net inflow of 340 million yuan [1] - The capital flow data indicates that major funds withdrew significantly from several stocks, including Sichuan Changhong and Zhaochi Co., while retail investors showed interest in stocks like *ST Gauss and Sichuan Jiuzhou [2]

Market Overview - The black home appliance sector rose by 0.11% compared to the previous trading day, with Chenyi Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance, with Chenyi Intelligent closing at 37.16, up 2.31%, and Hisense Visual at 25.04, up 1.46% [1] - Other notable performances include Jiulian Technology at 10.06, up 0.60%, and ST Gauss at 7.82, up 0.51% [1] - Conversely, XGIMI Technology saw a decline of 2.30%, closing at 113.10 [1] Capital Flow - The black home appliance sector experienced a net outflow of 39.21 million yuan from institutional investors, while retail investors saw a net inflow of 39.92 million yuan [1] - Detailed capital flow data indicates that Chenyi Intelligent had a net inflow of 8.34 million yuan from institutional investors, while retail investors had a net outflow of 19.46 million yuan [2] - Other stocks like Sichuan Changhong and Creative Digital also faced significant net outflows from institutional investors, amounting to 22.26 million yuan and 21.99 million yuan respectively [2]

证券之星消息，11月19日黑色家电板块较上一交易日下跌1.07%，辰奕智能领跌。当日上证指数报收于 3946.74，上涨0.18%。深证成指报收于13080.09，下跌0.0%。黑色家电板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日黑色家电板块主力资金净流出2.8亿元，游资资金净流入7262.91万元，散户资金 净流入2.08亿元。黑色家电板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 688696 极米科技 | | > 353.17万 | 3.24% | 233.66万 | 2.15% | -586.83万 | -5.39% | | 002848 | *ST高斯 | 208.42万 | 4.49% | -26.85万 | -0.58% | -181.57万 | -3. ...

Market Overview - The black home appliance sector experienced a decline of 0.38% on November 18, with Hisense Visual leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Notable gainers in the black home appliance sector included: - Sichuan Jiuzhou: Closed at 16.25, up 1.75% with a trading volume of 359,800 shares and a turnover of 587 million yuan - XGIMI Technology: Closed at 117.49, up 1.73% with a trading volume of 16,000 shares and a turnover of 190 million yuan - Tongzhou Electronics: Closed at 13.49, up 0.97% with a trading volume of 224,500 shares and a turnover of 306 million yuan [1] - Conversely, significant decliners included: - Hisense Visual: Closed at 24.54, down 3.73% with a trading volume of 104,400 shares and a turnover of 260 million yuan - *ST Gauss: Closed at 7.56, down 1.18% with a trading volume of 36,200 shares and a turnover of 27.31 million yuan [1] Capital Flow - The black home appliance sector saw a net inflow of 76.24 million yuan from institutional investors, while retail investors experienced a net outflow of 66.99 million yuan [1] - Detailed capital flow for key stocks included: - Sichuan Changhong: Net inflow of 58.67 million yuan from institutional investors, with a net outflow of 37.72 million yuan from retail investors [2] - Tongzhou Electronics: Net inflow of 25.11 million yuan from institutional investors, with a net outflow of 23.17 million yuan from retail investors [2] - Hisense Visual: Net outflow of 14.35 million yuan from institutional investors, with a net inflow of 1.82 million yuan from retail investors [2]

Market Overview - The black home appliance sector experienced a slight decline of 0.01% on November 17, with the overall Shanghai Composite Index closing at 3972.03, down 0.46% [1] - The Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Key stocks in the black home appliance sector showed mixed performance, with JiMi Technology leading the decline at 2.55%, closing at 115.49 [1] - Other notable performers included: - JiuLian Technology: +2.57%, closing at 10.37 [1] - Sichuan Changhong: +1.41%, closing at 10.06 [1] - Chuangwei Digital: +0.98%, closing at 12.32 [1] - The trading volume and turnover for major stocks were significant, with Sichuan Changhong achieving a turnover of 9.51 billion [1] Capital Flow - The black home appliance sector saw a net outflow of 8.67 million from institutional investors and 56.53 million from retail investors, while retail investors had a net inflow of 65.21 million [1] - Detailed capital flow for specific stocks included: - Sichuan Changhong: Net inflow of 92.06 million from institutional investors, but a net outflow of 39.68 million from retail investors [2] - JiMi Technology: Net outflow of 62.86 million from institutional investors, with a net inflow of 20.23 million from retail investors [2] - Other stocks like Sichuan Jiuzhou and HaiXin Vision also experienced significant net outflows from institutional investors [2]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301578 | 辰奕智能 | 37.26 | 2.03% | 1.88万 | | 7032.22万 | | 002848 | *ST高斯 | 7.63 | 2.01% | 5.42万 | | 4122.82万 | | 688609 | 九联科技 | 10.11 | 0.50% | 8.78万 | | 8868.19万 | | 000801 | 四川九洲 | 16.05 | -0.06% | 23.34万 1 | | 3.75亿 | | 600060 | 海信视像 | 25.86 | -0.42% | 13.42万 | | 3.51亿 | | 688696 | 极米科技 | 118.51 | -0.57% | 1.05万 | | 1.25亿 | | 600839 | 四川长虹 | 9.92 | -0.60% | 67.26万 | | 6.70亿 | | 000810 | 创维数字 | 12.20 | -2.79% | 18.64万 ...

证券之星消息，11月13日黑色家电板块较上一交易日下跌0.28%，海信视像领跌。当日上证指数报收于 4029.5，上涨0.73%。深证成指报收于13476.52，上涨1.78%。黑色家电板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600060 | 海信视像 | 1435.15万 | 3.69% | 2497.01万 | 6.42% | -3932.16万 | -10.11% | | 301578 辰奕智能 | | 336.48万 | 11.77% | -203.90万 | -7.13% | -132.57万 | -4.64% | | 688696 极米科技 | | 129.80万 | 0.61% | 363.39万 | 1.72% | - - 493.19万 | -2.33% | | 002848 | *ST高斯 | -261.14万 | -8.20% | -98.37万 | -3.09% ...

Market Overview - The black home appliance sector experienced a slight increase of 0.02% on November 12, with Hisense leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Hisense Visual (600060) closed at 26.46, up 3.76% with a trading volume of 214,300 shares and a turnover of 562 million yuan [1] - Other notable stocks include: - XGIMI Technology (688696) at 117.80, up 3.44% [1] - Skyworth Digital (000810) at 12.54, down 0.71% [1] - Sichuan Changhong (600839) at 9.96, down 0.80% [1] Capital Flow - The black home appliance sector saw a net outflow of 202 million yuan from institutional investors, while retail investors contributed a net inflow of 127 million yuan [1] - The detailed capital flow for key stocks includes: - Hisense Visual had a net outflow of 46.48 million yuan from institutional investors [2] - XGIMI Technology experienced a net outflow of 24.99 million yuan from institutional investors [2] - Sichuan Changhong faced a significant net outflow of 102 million yuan from institutional investors [2]

Market Overview - On November 11, the black home appliance sector experienced a slight decline of 0.04% compared to the previous trading day, with *ST Gauss leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Stock Performance - Notable gainers in the black home appliance sector included: - Jiulian Technology (688609) with a closing price of 10.18, up 3.35% [1] - Sichuan Jiuzhou (000801) with a closing price of 16.30, up 2.52% [1] - Conversely, *ST Gauss (002848) closed at 7.71, down 1.41%, marking a significant decline [1] Capital Flow - The black home appliance sector saw a net outflow of 206 million yuan from institutional investors, while retail investors contributed a net inflow of 60.79 million yuan [1] - Specific stock capital flows included: - Sichuan Jiuzhou (000801) with a net inflow of 43.59 million yuan from institutional investors [2] - Jiulian Technology (688609) with a net inflow of 29.86 million yuan from institutional investors [2] - *ST Gauss (002848) experienced a net outflow of 5.23 million yuan from institutional investors [2]

Investment Rating - The investment rating for the company is "Accumulate" [4] Core Views - The company reported a revenue of 2.33 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.0%, with a net profit attributable to the parent company of 80 million yuan, up 297.5% [1] - The domestic sales landscape is improving, with the company leading the market through product innovation and cost advantages, achieving a market share of 28.9% in sales and 16.0% in volume for its main product line [2] - The overseas business is showing significant improvement, particularly in online channels, with revenue from Amazon Spain increasing by 111% year-on-year in Q3 2025 [2] - The company is expected to launch commercial projection products, targeting a market dominated by Japanese brands, leveraging its technology and cost advantages from the home appliance sector [2] Financial Performance - In Q3 2025, the company's gross margin was 30.6%, an increase of 2.5 percentage points year-on-year, while the net profit margin was -1.3%, improving by 5.2 percentage points [3] - The company has adjusted its profit forecast for 2025-2027, expecting net profits of 260 million, 510 million, and 650 million yuan respectively [3] - The current price-to-earnings ratio (P/E) is projected to be 30.55, 15.60, and 12.20 for the years 2025, 2026, and 2027 respectively [3] Market Dynamics - The smart projection industry in Q3 2025 faced temporary pressure due to national subsidies, with a year-on-year decline in retail sales of 10.6% [2] - The competitive landscape in the domestic projection industry is improving, with the market share of leading brands recovering to 60.7% in sales and 35.9% in volume [2] - The company is expected to benefit from the gradual recovery of overall business growth due to improvements in its overseas team and market strategies [2]