Whirlpool (WHR) came out with quarterly earnings of $1.1 per share, missing the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $4.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.69%. A quarter ago, it was expected that this maker of Maytag, KitchenAid and other appliances would post earnings of $1.41 per share when it actually produced earnings of $2.09, delivering a surprise of +48.23%.Over t ...

广西壮族自治区统计局、国家统计局广西调查总队1月26日发布数据，2025年广西生产总值（GDP） 29727.45亿元（人民币，下同），按不变价格计算，比上年增长5.1%。 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 2025年，广西消费市场保持恢复势头，全区社会消费品零售总额比上年增长3.0%。消费品以旧换新政 策带动新能源汽车、家电等商品销售向好，家用电器和音像器材类、新能源汽车零售额分别增长 17.6%、9.0%。全区网上零售额增长19.0%。 资讯编辑：陈群 021-26096771 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 ...

Key Takeaways WHR is set to report Q4 results, with revenues projected to rise 3.7% even as EPS is expected to drop 67.2%.WHR's product refresh is gaining traction in North America, supporting sales despite weak industry demand.Promotions and tariffs pressure margins, but strength in WHR's small appliances unit helps offset challenges.Whirlpool Corporation (WHR) is slated to release fourth-quarter 2025 results on Jan. 28, 2026, after the closing bell. The company is expected to have witnessed year-over-year ...

Core Viewpoint - Whirlpool's stock performance has outpaced major indices, indicating potential investor confidence ahead of its upcoming earnings report [1][2]. Company Performance - In the latest trading session, Whirlpool's shares increased by 2.82% to $87.13, contrasting with the S&P 500's slight loss of 0.06% [1]. - Year-to-date, Whirlpool's shares have risen by 10.11%, outperforming the Consumer Discretionary sector, which saw a decline of 1.49% [1]. Earnings Forecast - Whirlpool is expected to announce its earnings on January 28, 2026, with a forecasted EPS of $1.5, reflecting a significant decline of 67.18% compared to the same quarter last year [2]. - Revenue is projected to be $4.3 billion, indicating a growth of 3.94% year-over-year [2]. Annual Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $6.64 per share and revenue of $15.73 billion, showing a decrease of 45.62% in earnings and no change in revenue compared to the previous year [3]. Analyst Sentiment - Recent adjustments to analyst estimates for Whirlpool suggest a positive outlook, as these revisions are often linked to short-term business trends [3]. - The Zacks Rank system currently rates Whirlpool as 2 (Buy), indicating a favorable sentiment among analysts [5]. Valuation Metrics - Whirlpool's Forward P/E ratio stands at 12.3, aligning with the industry average, suggesting no significant deviation in valuation compared to its peers [6]. - The Household Appliances industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 106, placing it in the top 44% of over 250 industries [6].

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Core Viewpoint - The report from CITIC Securities indicates that the home appliance sector is expected to underperform the market in 2025, with fund holdings at historically low levels, but recovery opportunities are emerging [1][2]. Group 1: 2025 Industry Review - The home appliance sector has underperformed the CSI 300 index since 2025, primarily due to domestic demand being affected by the reduction of national subsidies, high base effects, fluctuating tariffs, and weakening emerging markets in Q3 [2]. - The proportion of fund holdings in the home appliance sector has decreased to 1.93% from Q1 to Q3, with reductions in white goods, black goods, and small appliances, while components have seen a slight recovery [2]. - Currently, institutional holdings in the home appliance sector are at historically low levels, suggesting potential for recovery if domestic policies are implemented and external disturbances ease [2]. Group 2: Focus Areas for 2026 - The "old-for-new" policy is likely to continue, stabilizing domestic sales of home appliances. In 2025, the national subsidy program is expected to expand, with over 128 million units of 12 categories of appliances exchanged, utilizing more than 80 billion yuan of funds [3]. - Tariff impacts are gradually diminishing, with Chinese appliance exports to the U.S. recovering as trade relations stabilize. Companies are accelerating overseas production to mitigate future tariff uncertainties, particularly in emerging markets where penetration rates are low [3]. - The Mini LED television market is experiencing accelerated penetration driven by cost reductions and new product launches from leading manufacturers, with Chinese brands holding significant market shares [4]. - The commercial cold chain sector is expected to rebound in 2026, with leading companies seeing stabilization in frozen business and growth in new segments like smart cabinets [5]. - Component manufacturers are transitioning towards liquid cooling technologies, which are becoming essential in high-density data centers, leveraging existing expertise in thermal management and fluid control [5]. Group 3: Material Price Fluctuations - The impact of raw material price fluctuations is relatively limited, with copper and aluminum prices increasing by 17% and 5% respectively since Q4 2025, while prices for ABS, PP, and PS have decreased significantly [6][7]. - The overall cost index for white goods has shown mixed results, with air conditioners seeing a 3% increase in costs, while refrigerators and washing machines have experienced slight declines [7]. Group 4: Investment Strategy - In 2026, focus on companies that will benefit from continued national subsidies, particularly leading white goods manufacturers [9]. - Attention should be given to overseas companies with manufacturing and brand advantages, as they can effectively navigate trade risks and capitalize on emerging market growth [9]. - The Mini LED market is rapidly expanding, with Chinese leaders positioned to benefit from this trend [9]. - Commercial cold chain leaders are expected to see growth in new business segments driven by increased market share among key clients [9]. - Component companies are encouraged to pursue upgrades, particularly in liquid cooling technologies for AI data centers [9].

Group 1 - The core viewpoint of the news is that the Chinese government is implementing proactive macroeconomic policies to address risks and challenges in the economy, which has led to significant improvements in domestic demand and consumption [1] - The expansion of consumer demand is highlighted, with policies such as the trade-in program for consumer goods driving sales growth in categories like home appliances and communications [1] - Retail sales data for January to November shows significant year-on-year growth in specific categories: home appliances and audio-visual equipment increased by 14.8%, cultural and office supplies by 18.2%, and communication equipment by 20.9% [1] - The implementation of special actions to boost consumption has led to sustained demand in service sectors, with retail sales in cultural and recreational services and communication information services both exceeding 10% year-on-year growth [1]

Core Viewpoint - A new company named Yisheng Small Appliances Sales Firm has been established in Huludao City, with a registered capital of 0.5 million RMB, focusing on various retail and manufacturing activities related to daily necessities and home appliances [1] Company Summary - The legal representative of the newly established company is Guo Hui [1] - The registered capital of the company is 0.5 million RMB [1] - The business scope includes general projects such as daily goods sales, retail of small home appliances, wholesale of daily necessities, and retail of hardware products [1] Industry Summary - The company is involved in the manufacturing of smart home consumer devices and sales of home audio-visual equipment [1] - It also engages in the sale of electric food processing equipment and mechanical and electrical equipment [1] - Additional services offered include office services, typing and copying, and maintenance of computers and office equipment [1]

Summary of Key Points from the Conference Call Industry Overview - **Industry Focus**: The conference call primarily discusses the implications of China's anti-involution policy on various sectors, particularly those facing overcapacity such as cement, steel, chemicals, alumina, lithium-ion batteries, new energy vehicles, and solar cells [3][34]. - **Economic Context**: The anti-involution policy aims to address issues of overcapacity, price wars, and margin erosion in China, pushing local producers to seek alternative overseas markets due to high inventories and price declines [1][9]. Core Insights and Arguments - **Overcapacity Issues**: Significant overcapacity is noted in sectors like cement, steel, chemicals, and aluminium, with specific vulnerabilities identified in fertilisers, household appliances, and integrated circuits [3][34]. - **Export Dynamics**: The movement of goods from China is expected to accelerate, with exports expanding to more sectors by 2026 as domestic demand remains sluggish [2][10]. - **Five-Year Plans**: The analysis of China's Five-Year Plans reveals a strategic focus on manufacturing and industrial production capacity, which has contributed to global oversupply and aggressive price undercutting in various sectors [15][16]. - **Export Performance**: Emerging sectors such as new energy vehicles and solar cells are experiencing significant export growth, with NEVs seeing a 688% increase in exports, while solar cells have surged by 170% [20][62]. Sector-Specific Observations - **Cement**: Exports increased by 105% due to producers seeking overseas markets amid declining domestic demand. However, enforcement of capacity controls may not fully alleviate oversupply pressures [63]. - **Fertilisers and Chemicals**: Fertiliser exports have declined sharply, particularly urea, due to government policies prioritising domestic supply. The value of exports surged due to global supply constraints [64][65]. - **Steel**: Steel exports rose by 75%, indicating a significant drop in domestic consumption. The shift towards higher-value products is noted, but overcapacity remains a risk [67][68]. - **Household Appliances**: Exports grew by 26%, driven by advancements in smart technology. Companies like Midea and Xiaomi are expanding overseas to mitigate domestic challenges [58][59]. - **Lithium-Ion Batteries**: Exports increased by 26%, with CATL positioned to benefit from rising demand, although competition is intensifying [42][45]. Additional Important Insights - **Price Trends**: Broad-based declines in the Producer Price Index (PPI) across upstream industries signal oversupply and weak demand, particularly in coal, petroleum, and steel [28][29]. - **Global Competition**: The rapid expansion of Chinese companies in international markets may lead to increased pricing competition and contribute to oversupply pressures globally [59]. - **Policy Implications**: The anti-involution campaign is expected to reshape competitive dynamics, encouraging firms to focus on innovation and brand strength rather than price wars [54]. This summary encapsulates the critical insights and data points discussed in the conference call, highlighting the challenges and opportunities within the Chinese industrial landscape.

Company Overview - SharkNinja is a global product design and technology company specializing in household appliances and consumer lifestyle products [2] - The company operates under two flagship brands: Shark and Ninja [2] Leadership - The presentation features CEO Mark Barrocas and new CFO Adam Quigley [3]