当地时间12月24日，澳洲知名女中音歌唱家Juel Riggall在社交媒体平台分享了一段生活视频。镜头中， 她向观众展现了其温馨雅致的日常生活，其中全套斐雪派克家电尤为引人注目。她称赞该品牌家电设计 简约高级，能带来极致的操控体验。 Juel Riggall是墨尔本知名女中音歌唱家，毕业于墨尔本大学音乐学院。她活跃于澳洲顶级艺术舞台，曾 出演澳大利亚歌剧院、维多利亚歌剧院及墨尔本歌剧院的重要角色，并与澳大利亚芭蕾舞团合作，在 《安娜.卡列尼娜》中担任女中音独唱。舞台之外，她投身音乐教育与青年项目推广，担任多所音乐学 院大师班导师。 生活中，Juel Riggall对居家环境同样追求质感与美感，别墅布置处处透着精致与温馨。斐雪派克全套家 电不仅成了她家中的美学担当，更是生活品质的守护者。嵌入式冰箱凭借精准控温技术，为各类食材提 供适宜的储存环境，长久保持新鲜;嵌入式烤箱通过全方位均匀热风烘烤，无论是烘焙甜点还是烹制正 餐，都能让她在忙碌之余享受创作美食的乐趣;洗碗机则彻底解放双手，高效清洁且运行静音，使她结 束排练或教学后，无需为饭后清洗琐事烦忧，能有更多时间投入音乐创作与休息。 斐雪派克市场表现同样亮眼，目 ...

Summary of Hisense Home Appliances Conference Call Company Overview - **Company**: Hisense Home Appliances - **Industry**: Home Appliances Key Points Industry and Market Conditions - The fourth quarter of 2025 continues to face operational pressures due to the decline of national subsidies and high base effects from the previous year. However, some product categories are seeing a rebound in price indices, leading to slight improvements in profit margins. The overseas market is undergoing inventory destocking, with expectations for order recovery in December and early next year [2][3][4]. Product and Business Development - The newly launched water-based paint factory in Changsha is expected to enhance the central air conditioning business and improve processing depth, aiding in order growth in the mature markets of Europe and America. Currently, water machine products account for about 5% of total revenue, with positive outlooks for the water-cooled and liquid-cooled market trends [2][5]. - Hisense is exploring aluminum alternatives to copper to mitigate the impact of rising copper prices, with some experience in overseas markets. The domestic market will require consideration of technology maturity and consumer acceptance [2][6]. Strategic Focus and Brand Development - The company anticipates that the effects of subsidy exhaustion will be less severe than historical policies. Hisense is focusing on building core competencies and brand recognition in the post-subsidy era, targeting consumer segments with products like fresh air conditioners and embedded refrigerators to gain competitive advantages [2][7]. - The competitive landscape in the air conditioning market is expected to shift in 2026, with leading companies focusing more on core capabilities and brand image enhancement. Hisense aims to strengthen its competitive edge to perform better in the post-subsidy environment [2][8]. Operational Efficiency and Market Strategy - Hisense plans to maintain profitability in the processing sector while expanding market share in emerging markets. The company is integrating resources from Nantong, Hisense Hitachi, and Jiakang to improve overall efficiency and reduce ineffective SKUs [2][9]. - The air conditioning division has faced operational pressures in 2025, prompting management to implement integration and efficiency measures, including procurement and channel collaboration [2][10]. Revenue and Profit Guidance - For 2026, the central control products are expected to achieve positive growth, with varying quarterly performances. The public construction segment is projected to grow from 15% to 35% of revenue, while the renovation segment is expected to decrease from 35% to 15% [2][11]. - The company is optimistic about overall performance in 2026, despite challenges in the renovation segment, which has seen a decline of over 20% each quarter [2][11]. International Market Outlook - Hisense's international sales have shown good growth, with regions like Latin America exceeding 30% growth. However, some areas like ASEAN have experienced declines due to adverse weather conditions. The company plans to enhance market share and average selling price (ASP) in mature markets while expanding product offerings in flexible markets like Latin America and ASEAN [2][12]. - The 2026 FIFA World Cup in North America is expected to significantly boost Hisense's growth in these regions, leveraging sponsorship to enhance brand visibility and market penetration [2][13]. Risk Management and Supply Chain - Hisense is managing risks related to increased tariffs on exports to Mexico by optimizing local procurement and maintaining a competitive edge through its Mexican manufacturing base [2][14]. - The company is also addressing the impact of the domestic new energy vehicle tax reduction and softening European demand by optimizing product structures to enhance market competitiveness [2][14]. Financial Planning and Capital Expenditure - Hisense plans to maintain a dividend payout ratio of around 50% and is exploring new incentive schemes for employees. Capital expenditures will include the construction of the Changsha mobile phone factory and the second and third phases of the Thailand industrial park, aimed at meeting future demand in Europe and the U.S. [2][17]. Future Guidance - Specific revenue and profit guidance for 2026 will be assessed based on domestic and international market conditions, with plans to communicate updates to the market as necessary [2][18].

格隆汇12月12日丨雪祺电气(001387.SZ)公布，为提高募集资金使用效率，匹配现阶段实际经营和未来 发展需要，公司拟对首次公开发行股票募集资金投资项目（简称"募投项目"）进行如下调整：1、鉴 于"年产100万台嵌入式冰箱等冰箱产品项目"、"研发中心建设项目"已达到预定可使用状态，同意将上 述项目进行结项，并将节余募集资金1,802.68万元（最终以实际结转时项目专户资金余额为准）投入新 项目"电子科技园及高端智能家居工业园项目"。2、根据公司现阶段实际发展需求，同意变更"冰箱零部 件自制能力提升项目"募集资金用途，终止该项目，将节余募集资金投入4,494.12万元（最终以实际结转 时项目专户资金余额为准）投入新项目"电子科技园及高端智能家居工业园项目"。本次变更后，公司将 依据募集资金管理的要求开立"电子科技园及高端智能家居工业园项目"募集资金专项账户，并授权公司 管理层负责开立募集资金专户、签署募集资金三方监管协议以及办理其他相关事宜，严格按照法律法规 及公司内部管理制度的规定对募集资金进行存放和使用。 ...

格隆汇12月12日丨雪祺电气(001387.SZ)公布，为提高募集资金使用效率，匹配现阶段实际经营和未来 发展需要，公司拟对首次公开发行股票募集资金投资项目（简称"募投项目"）进行如下调整：1、鉴 于"年产100万台嵌入式冰箱等冰箱产品项目"、"研发中心建设项目"已达到预定可使用状态，同意将上 述项目进行结项，并将节余募集资金1,802.68万元（最终以实际结转时项目专户资金余额为准）投入新 项目"电子科技园及高端智能家居工业园项目"。2、根据公司现阶段实际发展需求，同意变更"冰箱零部 件自制能力提升项目"募集资金用途，终止该项目，将节余募集资金投入4,494.12万元（最终以实际结转 时项目专户资金余额为准）投入新项目"电子科技园及高端智能家居工业园项目"。本次变更后，公司将 依据募集资金管理的要求开立"电子科技园及高端智能家居工业园项目"募集资金专项账户，并授权公司 管理层负责开立募集资金专户、签署募集资金三方监管协议以及办理其他相关事宜，严格按照法律法规 及公司内部管理制度的规定对募集资金进行存放和使用。 ...

东方网记者程琦12月9日报道：今年的双12，你参与了吗？到底便宜吗？年终岁末，备受关注的"双十二"大促已在各大电商平台拉起了序幕。然而，与平台 高调宣传形成对比的是，社交平台上充斥着对"先涨后降"、"规则复杂"的吐槽。有消费者直言"涨价就不买了"，更多人则感到"购物节疲劳"。 然而，与线上的争议形成鲜明对比的是，线下的家电市场却异常火热，"以旧换新"订单量同比翻倍增长，功能升级的"新质家电"备受追捧。一边是"购物节 疲劳"下的消费觉醒，一边是"精准补贴"下的消费热情释放，今年的双12，正上演着一幕耐人寻味的"冰火两重天"。 对此，中国消费者协会、中国市场监督管理学会发布消费提示，消费者要警惕"价格魔术" ，谨防"优惠陷阱"，认清"低价"本质，理性消费。 消费者的"盲盒"体验：有人"捡漏"，更多人感觉"被套路" 对于守候在屏幕前的消费者而言，今年的"双十二"更像一个巨大的"盲盒"，开出的结果截然不同。 | 18:40 | | ll & [1 | | --- | --- | --- | | 安吉丽娜老李 | | 关注 | | | - ) | D | "所有商家都涨价了！全网都疯了吧？"消费者"安吉丽娜老李"在社交 ...

Group 1 - Su Ning Yi Gou is promoting a pricing strategy called "True Benefit, One Price, All the Way" for this year's Double 11, ensuring price stability across all products until the end of the event [1] - The company offers significant discounts on high-demand products, such as a 15-set washing and disinfection integrated dishwasher priced at 2999 yuan and a 75-inch 4K eye-protection TV at 2499 yuan, addressing consumer concerns about price fluctuations [1] - Consumers express satisfaction with the transparent pricing and product visibility in stores, indicating a preference for straightforward purchasing experiences without complex rules [1] Group 2 - As home appliance consumption upgrades towards "new quality," AI and health features are becoming mainstream, leading to a demand for hands-on experience with products [3] - Consumers prefer to physically interact with appliances to assess their functionality, such as the responsiveness of screens and voice recognition in noisy environments, rather than relying solely on online descriptions [3] - The role of offline sales staff is evolving into that of "household managers," providing expert knowledge and personalized service to enhance consumer trust and understanding of product needs [4] Group 3 - Su Ning Yi Gou's new store position, "Home Appliance Manager," offers one-on-one, comprehensive service, delivering reliable information in an accessible manner [4] - The integration of AI features in home appliances has led to over 55% of sales in this category, with large-screen products (85 inches and above) accounting for over 62% of sales [4] - Sales growth for products like multi-tub washing machines, self-cleaning air conditioners, and built-in refrigerators is significantly outpacing overall category growth, indicating a shift towards high-end products [4]

Core Insights - The consumption trend during the 2025 National Day holiday is shifting from first and second-tier cities to county-level markets, showcasing significant potential and vitality in county economies [1][2] - There is a notable increase in tourism to unique county destinations, with a 51% rise in booking orders for county destinations compared to the previous year, and some locations seeing over 100% growth [1] - The home appliance market in county areas is experiencing a quality upgrade, with new popular items including dishwashers, water purifiers, and dryers, reflecting a shift in consumer demand from optional to essential [2] Group 1: Tourism Consumption - Tourists are increasingly opting for distinctive county destinations over traditional hotspots, with booking data indicating a substantial rise in interest [1] - Popular county destinations include Jiangsu Dongtai, Zhejiang Haining, and Guangxi Jingxi, among others, with some locations seeing booking increases exceeding 100% [1] Group 2: Home Appliance Market - Home appliance sales in county areas are accelerating, with a 135% increase in retail cloud orders during the holiday period, and sales of the "new three major appliances" rising over 80% [2] - The demand for integrated and high-quality home appliances is becoming a necessity for county consumers, with significant growth in sales of embedded refrigerators and washing-drying machines [2] Group 3: Market Dynamics - The impressive performance of county consumption during the holiday reflects a deep transformation in China's consumer market, driven by improved transportation infrastructure and internet technology [2] - Rising income levels and evolving consumer attitudes in county areas are propelling the upgrade of durable goods consumption from mere possession to quality [2]

Core Viewpoint - The article highlights the significant growth and transformation of county-level consumption in China, driven by infrastructure upgrades and changing consumer preferences during the recent holiday period [1][5]. Group 1: County-Level Market Dynamics - Over 2000 county regions in China account for approximately 90% of the land area and over 50% of the population, making them crucial markets for domestic circulation and expanding internal demand [1]. - During the recent National Day and Mid-Autumn Festival holidays, county-level supermarkets and commercial complexes experienced a surge in consumer activity, indicating a revitalization of county-level consumption [1][3]. Group 2: Infrastructure and Commercial Upgrades - The "County Commercial Three-Year Action Plan (2023-2025)" has supported the establishment of over 2600 county-level commercial service centers, 13,800 village convenience stores, and has achieved near-complete coverage of commercial outlets in eligible areas by July this year [5]. - A notable example includes a commercial complex in Zhejiang that has introduced 130 new brands this year, enhancing its commercial capacity and attracting significant foot traffic during the holiday [3]. Group 3: Consumer Trends and Preferences - There is a clear trend towards green consumption and smart home appliances among county consumers, with significant sales growth observed during the holiday period [8]. - In a specific case, a home appliance store in Jiangxi reported a doubling of sales compared to the previous year, with smart appliances accounting for 76% of sales [10]. Group 4: Sales Performance and Growth Metrics - Data from October 1-6 indicates that county-level home appliance sales increased by 55% year-on-year, with sales of appliances priced over 10,000 yuan rising by 75% [12]. - The demand for new household items such as dryers, water purifiers, and dishwashers saw sales growth exceeding 80%, reflecting a shift from optional to essential quality needs among county consumers [12].

Group 1 - The core viewpoint of the news is the launch of the "Home Appliance Super Subsidy" plan by Suning.com in collaboration with major appliance brands, aimed at boosting consumer spending ahead of the Double Eleven shopping festival [1] - The "Home Appliance Super Subsidy" plan includes a tiered subsidy structure of 10%-15%-20% across three categories: "Essential Needs," "New Smart Selections," and "Home Decoration Selections" [1] - The "Essential Needs" category features high-efficiency appliances such as energy-efficient air conditioners, large-capacity refrigerators, and 75-inch 4K TVs, while "New Smart Selections" includes innovative products like embedded refrigerators and AI sterilization refrigerators [1] Group 2 - From September 26 to October 8, the Suning.com PRO Super Flagship Store will host various promotional activities, including "Golden Hour Draws" and "Double Savings on Reservations," alongside entertainment events like esports competitions and culinary classes [1] - Starting September 30, Suning.com will introduce a "Flash Sale 48 Hours" mode, allowing consumers to access high-quality home appliances at more affordable prices, with specific discounts on popular items such as air conditioners and televisions [2] - During the promotional period, notable price points include a 1.5-horsepower variable frequency air conditioner for as low as 1399 yuan, an 85-inch ultra-HD quantum dot TV for 3999 yuan, and a 430-liter four-door refrigerator for 2999 yuan [2]

Core Viewpoint - The home appliance industry is experiencing significant differentiation, driven by the expansion of the trade-in policy, which not only stimulates existing consumption but also promotes a shift towards smart and green technologies [1][2]. Group 1: Industry Performance - The overall revenue of the home appliance industry has improved significantly compared to last year, with notable differences across various segments [2]. - The white goods sector shows strong resilience, benefiting from national subsidies and improved cost structures, leading to revenue and profit growth that outpaces 2024 projections [2]. - The kitchen appliance sector faces challenges, with revenue declines expected in the first half of 2025 due to a sluggish real estate market, although leading companies are gaining market share [2]. - The technology appliance sector continues to grow rapidly, with companies like Roborock and Ninebot leading the charge, particularly in the robot vacuum segment, which is expected to exceed 15 billion yuan in online sales in 2024, marking a nearly 50% year-on-year increase [2]. Group 2: Policy Impact - As of July 2025, over 66 million consumers have participated in the trade-in policy, directly driving consumption by over 270 billion yuan, with retail sales of home appliances increasing by 30.7% year-on-year [3]. - The policy has not only activated the existing market but also pushed the industry towards smart and green upgrades, with significant sales growth in high-end products like energy-efficient air conditioners and built-in refrigerators [3]. Group 3: Transformation Strategies - The home appliance industry is in a transformation phase, requiring breakthroughs through technology, supply chain optimization, and strategic balance to achieve sustainable development [4]. - AI technology is rapidly being integrated into the home appliance sector, enhancing product design and functionality, particularly in cleaning appliances like robot vacuums [4][5]. - Companies are encouraged to build digital supply chain systems to improve efficiency and reduce delivery times, while also creating differentiated solutions to enhance brand loyalty [5]. Group 4: Investment Opportunities - The growth momentum of the home appliance industry is shifting from traditional categories to technology-driven segments, with emerging categories like robot vacuums and lawn mowers expected to see explosive growth [6]. - The smart cleaning appliance sector is highlighted as a core growth area, with significant market potential and a shift from policy-driven to technology-driven growth [6][7]. - Investors are advised to focus on leading companies in the smart cleaning appliance sector that can leverage both domestic penetration and international expansion for dual investment returns [7].