Core Viewpoint - The recent establishment of the industry standard T/CITS 406 - 2025 for embedded steam and baking machines, led by Vatti and the China Household Electrical Appliances Research Institute, signifies a shift towards technology innovation and user experience in the high-end kitchen appliance sector, moving away from price competition [1][7] Group 1: Industry Standards and Innovations - The implementation of the new standard is expected to curb the phenomenon of "price internal competition" in the industry, guiding companies to focus on technological innovation and enhancing user experience [1][7] - Vatti's microcrystalline flat baking technology represents a significant advancement, allowing for precise temperature control with a temperature difference of ≤6℃ within the same layer and ≤15℃ across the entire space, while reducing preheating time by 40% [3][5] - The FA50P embedded steam and baking machine, utilizing this technology, addresses common user pain points such as uneven cooking and cleaning difficulties, thereby enhancing the overall cooking experience [4][5] Group 2: Market Trends and Consumer Preferences - The household appliance market (excluding 3C) reached a retail scale of 179.8 billion yuan in Q1 2025, showing a year-on-year growth of 2.1%, with embedded appliances emerging as a new growth point [3] - Consumers are increasingly prioritizing quality of life, leading to higher demands for the performance and user experience of steam and baking machines, focusing on cleanliness, health, and multifunctionality [3][5] - Vatti's strategic positioning as a "world health steam and baking master" reflects its commitment to addressing industry pain points through innovative technologies, thereby reshaping the high-end value standards of the steam and baking category [9]