据悉，惠康科技主板IPO于2025年6月12日获得受理，并于当年6月26日进入问询阶段。公司是一家以制 冷设备的研发、生产及销售为核心业务的国家级高新技术企业，主要产品包括制冰机、冰箱、冷柜、酒 柜等，主要应用于民用及商用领域。此次冲击上市，惠康科技拟募集资金约17.97亿元。 北京商报讯（记者 马换换 李佳雪）1月9日晚间，深交所官网显示，宁波惠康工业科技股份有限公司 （以下简称"惠康科技"）主板IPO对外披露了第二轮审核问询函回复。 在第二轮审核问询函中，惠康科技行业与业务模式、合规性事项、营业收入等问题遭到追问。 ...

中国质量新闻网讯 据上海市市场监督管理局网站消息，近期，上海市市场监督管理局对本市生产、销售的制冰机产品质量进行了监督抽查。本次抽查了10 批次产品。经检验，未发现不合格。其中实体销售6批次；电商销售4批次。 2025年上海市制冰机产品质量监督抽查所检项目符合相关标准的产品 | 样品标称名称 | 标称商标 | 标称规格型 | 标称生产日期/ | 标称生产者名称 | 被抽样生产者、销售者 | 被抽样销售者所在商场/电 | 认证机 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 号 | 批号 | | | 商平台 | 构 | | 制冰机 | 小熊 | | ZBJ-B01W1 2024-05-21/- | 小熊电器股份有限公司 | 上海雏雷贸易有限公司 | / / / | / | | 制冰机 | 小熊 | | ZBJ-C01C5 2025-05-16/- | 小熊电器股份有限公司 | 上海雏雷贸易有限公司 | / / / | / | | 制冰机 | Westinghouse WH-15A | | 未标注/- | 西屋冰洗电器（宁波）有 限公司 | 上 ...

当前，我国消费品品种总量达2.3亿种，家电、家具、文体用品、服装家纺等100多个品类产量全球第 一，消费品供给已进入优质优价新发展阶段。国务院近期印发的《关于增强消费品供需适配性进一步促 进消费的实施方案》提出，到2027年形成3个万亿级消费领域和10个千亿级消费热点，系统培育中国消 费名品方阵，遴选并推广千个以上知名企业品牌和区域品牌、万件以上优质消费品。 作为京东集团服务政企客户的核心平台，京东政企业务深耕政企采购行业超过10年，持续以多元化优商 优品供给、数智化平台技术支撑、全场景服务覆盖能力、全国性物流履约网络、全链路合规治理体系等 构建"超级供应链"，构筑起"商+品+客"三位一体的数智化采购供应链生态，打通"需求洞察－研发生产 －市场销售"闭环链路，帮助众多品牌伙伴实现业绩快速稳健增长的同时，为扩大内需、提振消费持续 贡献力量。 得力是中国办公用品行业领导品牌，同时也是京东政企业务最早合作的办公品牌之一。依托京东的大数 据支持，得力不断拓展和丰富产品线，目前已拥有超过1.2万种产品；针对政企客户的特殊需求，得力 推出了168款企业专属文具和超过200款设备、耗材产品，有效满足了政企客户的个性化需求。 ...

本报记者 贾丽 美的集团股份有限公司此前也宣布成为职业女子冰球联盟（PWHL）官方合作伙伴，并推出制冰机等； 格力电器深度参与了北京冬奥会的相关场馆建设，还为国家速滑馆提供了永磁同步变频离心机组等；作 为奥林匹克全球合作伙伴，TCL实业控股股份有限公司在柏林国际消费电子展上打造了冬奥主题展区， 融入米兰冬奥会及赛场元素。 本次赛事上，长虹在首钢园内打造了沉浸式观赛体验快闪店，店内AI家电产品众多，从具备全维控光 Mini LED画质的长虹AI TV追光Q10Air，到搭载"远投近柔"技术的长虹客餐厅Pro共享空调，再到美菱M 鲜生Ultra冰箱，吸引了众多冰雪爱好者驻足体验。 冰雪经济广阔的市场空间吸引企业进入，其蓬勃发展也为家电企业提供了新的市场机遇。《中国冰雪产 业发展研究报告（2025）》显示，我国冰雪产业规模从2015年的2700亿元增加到2024年的9800亿元，预 计2025年将突破万亿元大关，达到10053亿元。 为抢抓冰雪经济机遇，家电企业除加大与国际知名冰雪运动品牌及赛事的合作外，还通过自研等方式提 升产品竞争力。目前，国内多家家电企业纷纷推出符合冰雪运动需求的创新产品。比如，长虹面向全球 ...

Investment Rating - The report maintains a "Positive" outlook for the home appliance industry in China [5]. Core Viewpoints - The expectation of interest rate cuts by the Federal Reserve is likely to boost sales in the U.S. real estate chain, particularly in home appliances and power tools by 2026. The domestic subsidy effect is slowing down, making leading companies more stable. The long-term focus remains on overseas expansion, with companies that diversify their production capacity being favored [3][7]. - Leading companies exhibit higher operational efficiency and mature overseas production layouts, making them preferred choices for stable investments. Recommended stocks include Midea Group, Haier Smart Home, and Hisense Visual [3]. - The export market holds potential, with expectations of a valuation switch by 2026, particularly for Stone Technology [3]. - Companies with stable core business performance are expected to explore new growth avenues, with Anfu Technology being highlighted [3]. Summary by Sections Investment Suggestions and Targets - Investment suggestions include focusing on leading companies with higher operational efficiency and overseas production capabilities, which are expected to perform better under pressure from demand and cost [3][7]. - The report highlights the ongoing trend of white goods production, with a total of 30.18 million units produced in December, reflecting a year-on-year decline of 14.1%. The report anticipates that leading companies will gain market share despite challenges [7]. - The cleaning appliance sector is experiencing a trend of market concentration, with the top two companies increasing their market share significantly, indicating a shift towards leading brands [7].

Core Insights - The report highlights the competitive landscape of the refrigeration equipment industry, emphasizing the advantages held by developed countries in brand establishment and channel operations, while emerging economies like China leverage cost advantages and supply chain efficiencies to participate in the global market [5][6]. Industry Analysis - The refrigeration equipment manufacturing sector in China has seen significant advancements, with local manufacturers enhancing their technological capabilities through innovation and collaboration, leading to the production of high-efficiency, low-energy, and environmentally friendly products [6]. - Major players in the ice machine sector include global leaders such as Manitowoc, Hoshizaki, and Scotsman, alongside Chinese manufacturers like Xinbao and Xue Ren Group [7]. - In the refrigerator and freezer market, leading companies include Midea Group, Haier Smart Home, and TCL Smart Home, with Midea being a global technology group with a strong presence in the refrigeration sector [8]. Competitive Landscape - The report provides a detailed overview of key companies in the ice machine sector, including: - Manitowoc, established in 1902, is a leading manufacturer of commercial ice machines and was acquired by Pentair in 2022 [7]. - Hoshizaki, founded in 1947, is Japan's largest ice machine manufacturer and a global leader in the commercial ice machine market [7]. - Scotsman, part of the Italian ALI Group, is also a major player in the commercial ice machine sector [7]. - In the refrigerator and freezer market, notable companies include: - Midea Group, founded in 1968, has become a leading global technology group in the refrigeration industry [8]. - Haier Smart Home, established in 1984, focuses on smart home appliances and has maintained a leading market share in the global refrigerator sector [8]. - TCL Smart Home, a major ODM manufacturer, has consistently ranked first in China's refrigerator export volume from 2009 to 2023 [8]. Market Trends - The report indicates a growing trend of Chinese refrigeration equipment manufacturers expanding their market share through overseas market penetration, driven by improved product performance and quality [6]. - The competitive dynamics in the refrigeration equipment industry are shaped by the technological advancements and brand investments made by domestic manufacturers, which are increasingly capable of meeting both domestic and international market demands [6].

Core Insights - Shandong Bingyijia Cold Chain Technology Co., Ltd. has launched its production facility in Zibo, marking a significant step in establishing a commercial smart cold chain equipment industry in the region [1][2] - The project showcases advanced automation and smart manufacturing capabilities, positioning it competitively against leading companies like Haier and Hisense [2] - The establishment of Bingyijia is expected to generate substantial economic impact, with projected annual output value exceeding 100 million yuan in the first year and aiming for 300 million yuan within three years [5] Industry Development - The cold chain industry in Zibo was previously underdeveloped, and Bingyijia's entry fills this gap, indicating a growing market potential [1][3] - The project benefits from a comprehensive supply chain integration, leveraging e-commerce resources from Ningbo Ounan, which has a significant annual operating revenue of 3 billion yuan across major online platforms [2] - The Zibo Xianchuang District has implemented targeted solutions to attract and support businesses, facilitating rapid project development and operational readiness [3][6] Ecosystem and Collaboration - Bingyijia's establishment is part of a broader strategy to create a resilient industrial ecosystem, attracting other key players in the cold chain sector, such as Beijixiong and Xinfeng [5][6] - The district's approach includes a "project steward" service model, ensuring efficient support for businesses from project initiation to operational launch [8][9] - The formation of industry clusters is being actively pursued, with the district successfully attracting multiple projects and investments, enhancing its overall industrial appeal [6][7] Future Prospects - The Zibo Xianchuang District aims to continue its momentum in attracting high-quality projects, with a focus on creating a sustainable and collaborative industrial environment [6][9] - The district's strategic initiatives are expected to yield further growth opportunities, positioning it as a competitive hub for smart cold chain manufacturing [9]

Core Viewpoint - Ningbo Huikang Industrial Technology Co., Ltd. (Huikang Technology) is progressing with its IPO on the Shenzhen Stock Exchange, aiming to raise approximately 1.797 billion yuan [1] Group 1: Company Overview - Huikang Technology is a national high-tech enterprise focused on the research, production, and sales of refrigeration equipment, including ice machines, refrigerators, freezers, and wine cabinets [1] - The company's products are primarily used in both residential and commercial sectors [1] Group 2: Financial Performance - In the first half of 2025, Huikang Technology reported revenue of approximately 1.389 billion yuan and a net profit attributable to shareholders of about 205 million yuan [1] - Historical financial data shows that from 2022 to 2024, the company achieved revenues of approximately 1.93 billion yuan, 2.493 billion yuan, and 3.204 billion yuan, with corresponding net profits of about 197 million yuan, 338 million yuan, and 451 million yuan respectively [1] Group 3: IPO Process - The IPO application was accepted on June 12, 2025, and entered the inquiry phase on June 26, 2025 [1] - The first round of inquiry raised questions regarding the company's business and industry position, actual controllers, and shareholding stability [1]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company's performance in 2025 Q1-3 showed a total revenue of 16.897 billion yuan, a year-on-year increase of 2%, while the net profit attributable to the parent company was 1.366 billion yuan, a decrease of 5% [7] - The company faced challenges in external sales due to tariffs, but internal sales demonstrated resilience, particularly in core categories like rice cookers and frying pans [7] - The company is benefiting from the "old-for-new" national subsidy policy, which has positively impacted internal sales, while external sales are affected by tariff-related adjustments [7] Financial Data Summary - Total revenue projections for 2025E are 23.651 billion yuan, with a year-on-year growth rate of 5.5% [6] - The net profit attributable to the parent company for 2025E is projected to be 2.255 billion yuan, reflecting a slight increase of 0.5% year-on-year [6] - The earnings per share (EPS) for 2025E is estimated at 2.81 yuan, with a projected price-to-earnings (PE) ratio of 17 [6][7]

Core Viewpoint - Guangdong Lingdu Intelligent Technology Co., Ltd. achieved over 7 million RMB in orders within three days at the Canton Fair, highlighting the importance of global innovation and market adaptation for Chinese companies in the face of global economic uncertainties [3][5]. Group 1: Company Performance - Lingdu Intelligent's revenue tripled year-on-year, reflecting a successful overseas expansion strategy within three years of operation [3][6]. - The company secured over 1 million USD in orders from Saudi Arabia, UAE, and Malaysia, showcasing its ability to attract international clients through innovative product offerings [3][5]. - Lingdu's overseas market sales accounted for 40% of total sales, indicating a strong international presence despite global trade challenges [5]. Group 2: Product Innovation - The launch of the world's first "high-altitude curtain wall obstacle-clearing cleaning robot" at the Canton Fair attracted significant interest from Middle Eastern clients [5][6]. - Lingdu's robots feature autonomous decision-making capabilities, allowing for efficient and safe operation without human intervention, setting it apart in the global high-altitude glass cleaning market [6]. Group 3: Market Trends - Guangdong's foreign trade enterprises are increasingly looking towards "Belt and Road" countries to stabilize markets and expand orders amid U.S. tariff challenges [9][10]. - In the first three quarters, Guangdong's trade with "Belt and Road" countries reached 2.71 trillion RMB, growing by 4.1%, which is faster than the overall trade growth rate [9]. Group 4: Strategic Shifts - Companies are adapting to the changing trade environment by localizing operations and establishing production bases in emerging markets, as seen with companies like Skyworth Group [14][17]. - The shift from merely exporting products to establishing local manufacturing and service capabilities is becoming a key strategy for Chinese companies to enhance competitiveness globally [14][17].