"还有两箱待装车""订单已排到了春节后"……进入新的一年，河南外贸企业生产车间开足马力，继续坚定地 行驶在全球经济的海洋中。 2025年，河南外贸进出口9356.7亿元，同比增长14.1%，高出全国10.3个百分点；全年出口规模居全国第一方 阵，展现出十足的韧性。 站在新的起点，融入服务全国统一大市场建设，中原大地如何继续推动外贸量稳质升？连日来，记者深入一 线采访，了解河南着力打造货通全国、买卖全球的对外贸易擢转支点和联通欧亚、辐射全球的高质量共建"一 带一路"融汇支点的探索实践。 练内功 提质产品拓展市场 冬日的严寒抵挡不住生产的热情。1月15日，河南康拜恩电气股份有限公司（以下简称"康拜恩"）二期生产基 地建设现场热火朝天。这片200亩的土地上，承载着企业今年拓展蓝海市场的野心。 "我们的商用冷链设备已经具备实际生产条件，就等年底二期厂房投产。"该公司总经理江小云指着项目规划 图信心满满。过去一年，康拜恩的外贸销售额突破5100万元，同比增长40%，成功开拓科特迪瓦、哥伦比亚 等10个新市场。"今年不仅要巩固欧洲市场，还要往高端化迈进。"在江小云看来，唯有坚持创新，才能在逆 流中行稳致远。 1月17日， ...

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。 公司公告汇总 青岛海容商用冷链股份有限公司2025年前三季度权益分派实施公告。本次利润分配经2026年1月9日2026 年第一次临时股东会审议通过，以公司总股本386,416,107股为基数，每股派发现金红利0.30元（含 税），共计派发现金红利115,924,832.10元。A股股权登记日为2026年1月22日，除权（息）日为2026年1 月23日，现金红利发放日为2026年1月23日。本次利润分配不进行资本公积金转增股本，不送红股。 截至2026年1月16日收盘，海容冷链（603187）报收于15.61元，较上周的15.68元下跌0.45%。本周，海 容冷链1月13日盘中最高价报16.43元。1月14日盘中最低价报15.44元。海容冷链当前最新总市值60.32亿 元，在通用设备板块市值排名104/217，在两市A股市值排名3038/5183。 本周关注点 公司公告汇总：2025年前三季度权益分派方案获批，每股派发现金红利0.30元（含税）。 公司公告汇总：本次权益分派现金红利发放日 ...

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: Market Overview - As of March 31, 2025, there are 11 A-share listed companies in Qingdao West Coast New Area, with a total market capitalization of 197.499 billion yuan, accounting for 24% of the total market capitalization of A-share listed companies in the city [1] - The total assets of these 11 companies reached 201.772 billion yuan in the first quarter, representing a year-on-year growth of 7.8%, and accounting for 10% of the total assets of A-share listed companies in the city [2] - The total operating revenue of these companies was 33.661 billion yuan in the first quarter, with a year-on-year increase of 5.7%, making up 20.5% of the total operating revenue of A-share listed companies in the city [3] Group 2: Company Performance - In the first quarter, the 11 A-share listed companies achieved a net profit attributable to shareholders of 2.996 billion yuan, reflecting a year-on-year growth of 2%, and accounting for 21% of the total net profit of A-share listed companies in the city [5] - Seven companies in the area reported positive growth in net profit, with Qingdao Port and Sailun Tire each exceeding 1 billion yuan in net profit for the first quarter [5] - Notably, Sanxiang Technology reported a significant increase in net profit, with a year-on-year growth of over 320% [5] Group 3: Individual Company Highlights - Hisense Visual achieved an operating revenue of over 13 billion yuan in the first quarter, with a year-on-year growth of 5.3% [4] - Sailun Tire reported an operating revenue exceeding 8 billion yuan, with a year-on-year increase of 15.3% [4] - Huicheng Environmental Protection saw a substantial increase in total assets, with a year-on-year growth of 55% in the first quarter [2]