极端高温天气之下，空调无疑成为家庭消暑的刚需。小米集团日前的对外称，自6月24日起，东北和内 蒙古地区持续高温，直接带动小米空调销量暴增，峰值达到去年同期的20倍。这一数据折射出高温天气 对降温家电市场的广泛影响。分期乐商城作为小米的长期优质官方合作渠道，近年来，在"甄品惠"等分 期零售新模式带动之下，小米旗下系列3C、家电产品在分期乐商城被越来越多的年轻人选择。本轮高 温天气带来的消费增长中，分期乐商城中小米系列产品的销量表现同样不俗。数据显示，在东北三省及 内蒙古，通过分期乐商城购买小米空调的订单量出现了暴涨，其中内蒙古、吉林销量环比增长约4倍， 辽宁区域销量也增长了超150%。节能空调、智能空调等新品类订单量增长显著，成为年轻消费者的核 心选择。例如，售价超3000元的小米1级能效智能空调，通过叠加优惠分期后月供低至200元左右，大大 降低了年轻群体的消费门槛。 连日来，全国多地持续被热浪笼罩，东北、内蒙古等地最高气温屡破纪录，酷暑难耐的体感中，一场 以"清凉"为核心的消费热潮却正从城市到乡村、从东北到西北席卷开来。高温天气虽带来了燥热不适， 却也让公众对空调、冰箱等家电的需求激增，更推动了防晒用品、美 ...

Group 1 - The domestic consumption market in Q1 2025 shows structural optimization, diversified channels, and regional differentiation, with significant growth in new energy vehicles and home appliance replacement programs [2][4] - The demand for green and intelligent products is increasing, driven by technological advancements and heightened environmental awareness, leading to a rise in the consumption of new energy vehicles and smart home appliances [2] - Online consumption, particularly through live e-commerce and interest-based e-commerce, is experiencing explosive growth, attracting a large number of consumers with interactive and personalized shopping experiences [4] Group 2 - In Q1 2025, the top three provinces in terms of social retail sales are Jiangsu, Guangdong, and Shandong, with Jiangsu leading at 1.24 trillion yuan, showcasing a diverse consumption structure across various sectors [4][7] - The per capita consumption expenditure is highest in Shanghai at 14,000 yuan, indicating a strong correlation between income levels and consumer spending, with consumers prioritizing quality and personalized experiences [6][7] - The cultural performance market is thriving, with increased attendance at theaters and concert halls, reflecting a growing willingness among consumers to spend on entertainment as living standards improve [6]

抢抓618大促核心爆发窗口期，各大家电品牌加速产品出新，以更加智能、潮流的新质家电供给助推消 费提档升级。618后半场，接入Deepseek的AI智能空调、无外机的嵌入式厨房空调、711升十字门大容量 冰箱、20套超大容量洗碗机、零黑边第四代液晶电视等行业旗舰单品，都将密集在苏宁门店、线上渠道 和直播间重磅上新。"这个618，我们要让最前沿的科技家电都将以更亲民的价格走进千家万户"，苏宁 易购门店负责人表示。 为618爆发期再添一把火，6月12日晚7点，苏宁易购联合央视财经、头部家电3C品牌开启618超级补贴 专场直播。届时，总台央视主持人陈蓓蓓、靳强携手品牌大咖走进全新升级的苏宁易购Max店，带领消 费者沉浸式云逛店、云体验，共同解锁最潮流的家电"黑科技"。同时直播间还将推出至高618代3618元 大额代金券、100代200、100代300元等品类通用代金券。直播优惠券叠加门店活动和家电国补后，综合 优惠力度不止5折。 618年中大促进入下半场，政策红利叠加大促旺销，家电3C市场热力十足。为了让年中换新"黄金档"惠 及更多消费者，即日起至6月18日，苏宁易购618立足家电3C主场，加力推动优惠补贴全面爆发， ...

Core Viewpoint - Haier Group has transformed from a struggling local factory to a leading global home appliance brand, with over 50% of its revenue coming from overseas markets, showcasing its resilience and innovation in the face of global economic uncertainties [1][2]. Group 1: Innovation and Product Development - Haier emphasizes the importance of innovation, launching products like the "lazy" three-tub washing machine and AI-enabled multi-split air conditioning systems, which have received positive market responses [3][4]. - The three-tub washing machine received over 20,000 orders within 16 hours of its launch, highlighting strong market demand [4]. - Haier has established ten global R&D centers and over 70 research institutes, leading to the introduction of more than 200 original products and participation in the revision of 120 international standards [3]. Group 2: Globalization and Local Adaptation - Haier is focusing on building a flexible global supply chain while increasing domestic investments, having invested over 40 billion yuan in the last three years [5][6]. - The company is constructing a global collaborative supply chain network, integrating 35 industrial parks and 163 manufacturing centers to optimize resource allocation [6]. - Haier's investments in local manufacturing facilities in Egypt and Thailand aim to meet regional demands while enhancing export capabilities [6]. Group 3: Financial Performance and Strategic Investments - In Q1, Haier's overseas revenue grew by 13%, with significant increases in emerging markets, including over 50% growth in the Middle East and Africa [7]. - Haier has made substantial investments, including over 500 billion yuan in the past three years, to strengthen its ecosystem in smart living, health, and industrial internet sectors [8][9]. - The company achieved a global revenue of 401.6 billion yuan in 2024, with a compound annual growth rate of 5% since 2021, and a profit total of 30.2 billion yuan, reflecting robust financial health [11].

越南：消费者因关注环保生活方式，倾向采用节能照明、智能恒温器和太阳能面板等智能家居解决方案。 俄罗斯：消费者更倾向选择提供便利性、能源效率和安全性的智能家居设备。 一、市场概况与增长趋势 印尼：2024年市场规模预计5.565亿美元，2028年将达8.734亿美元，年均增长率11.93%，2024年渗透率14.5%，2028年预计达23.2%。增长源于政府激励、可 支配收入增加及对环保生活方式的关注。 越南：2024年市场规模约3.016亿欧元，2028年预计4.61亿欧元，年均增长率11.19%，2024年渗透率15.4%，2028年预计达25.7%。城市化加快、中产阶级扩 大和技术意识增强推动增长。 俄罗斯：2024年市场规模预计20.73亿美元，2028年将达30.27亿美元，年均增长率9.93%，2024年渗透率11.2%，2028年预计达24.2%。数字化进程加快、互 联网普及率高（2023年88.2%）及对能源效率和家庭自动化的关注是增长主因。 二、消费者行为与偏好 印：80.5%的受访者了解智能家居概念，但仅10.9%实际使用。价格相同时，64.75%倾向本土品牌，购买动机主要是便利性、安全性和 ...

Group 1 - The "Two New" policy is being actively promoted across various regions to optimize processes and enhance services [1] - Regions like Jiangxi, Hainan, and Guangdong are offering subsidies for "trade-in" programs for home appliances and new energy vehicles to stimulate market activity and consumer spending [1][5] - In Guangdong, the combination of government and enterprise subsidies is driving the growth of the new energy vehicle and automotive accessories market [5] Group 2 - Hebei's "trade-in" policy has expanded to cover a wide range of consumer goods, leading to over 10 billion yuan in sales this year [5] - In a recent shopping experience in Tangshan, a consumer benefited from a 20% national subsidy on a new air conditioner, along with additional discounts from manufacturers and retailers [7] - Qinghai has increased the number of categories eligible for agricultural machinery scrapping subsidies from 14 to 25, focusing on enhancing the standards for scrapping hand tractors and updating seeders and combine harvesters [9] Group 3 - Qinghai is implementing a "one-stop service" for the collection and scrapping of old agricultural machinery, resulting in over 2,600 new agricultural machines purchased this year, a 30% increase year-on-year [9]

Core Viewpoint - The article discusses the competitive dynamics between Xiaomi and Midea, highlighting Midea's strategic responses to Xiaomi's market ambitions in the home appliance sector and the recent financial maneuvers regarding their stock holdings in Xiaomi. Group 1: Company Strategies - Midea's President Fang Hongbo mentioned that Xiaomi aims to become the world's top smartphone seller in three years and to rank among the top five automotive manufacturers within ten years [1][4] - Fang expressed skepticism about Xiaomi's impact on Midea's market position, indicating that while Xiaomi is a tactical concern, it does not pose a strategic threat [4] - Midea has been approached by automotive companies for potential collaborations, but Fang concluded that Midea lacks the capability to enter the automotive sector [4] Group 2: Financial Performance - Midea Group reported a revenue of 407.1 billion yuan for the year 2024 [5] - The company sold over 900 million yuan worth of Xiaomi stock, completely divesting its holdings [6][11] - Midea's previous stock sales included 59.18 million yuan in 2023 and 876 million yuan in 2020, indicating a trend of strategic exits from Xiaomi investments [9][11] Group 3: Market Dynamics - The relationship between Midea and Xiaomi has shifted from collaboration to competition, particularly in the home appliance sector [12] - Midea has formed a strategic partnership with NIO to collaborate on various aspects of the automotive industry, showcasing its focus on innovation and adaptation in a changing market landscape [12]

证券代码：301525 证券简称：儒竞科技 上海儒竞科技股份有限公司 投资者关系活动记录表 编号： 2025-002 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 ☑业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （ ） 参与单位名称 参加 2025 年上海辖区上市公司年报集体业绩说明会的投资者 时间 2025 年 5 月 15 日 地点 上证路演中心平台 上市公司接待人 员姓名 董事长、总经理：雷淮刚 先生 独立董事：朱军生 先生 董事会秘书、财务总监：厉昊超 女士 投资者关系活动 主要内容介绍 一、董事会秘书致开场辞 尊敬的各位投资者： 大家好！我是上海儒竞科技股份有限公司财务总监兼董事会秘书厉昊 超。在此，我谨代表公司向参加本次业绩说明会的各位投资者表示热烈的 欢迎和衷心的感谢。同时，感谢上证路演中心为本次公司业绩说明会提供 网络平台支持。 出席本次业绩说明会的嘉宾还有公司董事长、总经理雷淮刚先生、独 立董事朱军生先生。公司召开本次业绩说明会，是为了便于广大投资者更 全面深入地了解公司情况，公司将积极与广大投资者进行交流，就大家所 关心的有关公司经营和发展方面的问题进行探讨， ...

Core Insights - The article highlights the vibrant consumer activity in Chengdu during the "May Day" holiday, showcasing a surge in new product launches and store openings, contributing to a "first-release economy" that enhances the shopping experience for residents and tourists [1][3][5] Group 1: New Store Openings and Product Launches - JD MALL's first store in Sichuan has become a new consumer landmark, attracting over 200,000 visitors since its opening on April 18, with significant foot traffic during the holiday [5] - The store features a 40,000 square meter immersive experience space and hosts multiple product launch events for brands like Bosch, TCL, Samsung, Siemens, and OPPO during the "May Day" period [5][7] - The main consumer products during this holiday are home appliances, including refrigerators, washing machines, air conditioners, and televisions, with a notable increase in customer traffic exceeding 20,000 by 5 PM on the first day [5][9] Group 2: Cultural and Experiential Events - The "May Day" holiday also saw the debut of the "Global Super Model Competition" in Chengdu, attracting over 20,000 attendees and merging historical industrial sites with modern fashion expressions [7][9] - The "Garfield Family: Fantastic Adventure - Immersive Theater" exhibition opened in Chengdu, offering a unique cultural experience that combines immersive storytelling with themed food and merchandise [11][13] - Various cultural activities, such as the "Spring Breeze" event and the pet food festival, were organized across Chengdu's commercial districts, enhancing the city's appeal as a vibrant consumer destination [15][16] Group 3: Market Potential and Future Plans - The article emphasizes Chengdu's potential to reshape the global fashion landscape due to its unique cultural characteristics, favorable policies, and robust infrastructure [9] - Brands are planning to expand their presence in Chengdu, with intentions to open 5-6 additional stores in the region, capitalizing on the city's youthful consumer base and growing retail sales [13]

Industry Overview - The family internet industry is evolving towards wireless, networked, and intelligent directions, driven by advancements in IoT, cloud computing, big data, and artificial intelligence [1][13] - The market size of China's family internet industry is projected to reach 11.82 billion yuan in 2024, representing a year-on-year growth of 4.88% [1][13] Industry Development History - The development of China's family internet industry has gone through four stages: 1. The embryonic stage (1994-2000) with the introduction of home PCs and slow internet access [4] 2. The exploratory stage (2001-2010) marked by the transition to broadband and the rise of e-commerce [4] 3. The growth stage (2011-2020) characterized by the proliferation of smartphones and smart home devices [4] 4. The maturity stage (2021-present) where full-home smart concepts and AI assistants have become prevalent [5][6] Industry Value Chain - The upstream of the family internet industry includes technology and device layers, with the technology layer encompassing IoT, cloud computing, AI, and big data [8] - The midstream involves the manufacturing and system integration of family internet devices, while the downstream applications include home entertainment, security monitoring, energy management, and telemedicine [8] Key Companies and Performance - Major players in the family internet industry include telecom operators, internet service providers, device manufacturers, and content providers [15] - China Mobile, China Telecom, and China Unicom dominate the market with over 5.5 billion broadband users and nearly 1 billion mobile users combined [15][17] - China Mobile's revenue is projected to reach 1.04 trillion yuan in 2024, with a net profit of 138.37 billion yuan, reflecting a year-on-year growth of 3.12% and 5.01% respectively [17] - Tencent's total revenue is expected to be 660.3 billion yuan in 2024, with a net profit of 349.2 billion yuan, showing a year-on-year increase of 8.42% and 19.14% respectively [19] Industry Development Trends - Technological innovation is driving the intelligent upgrade of the family internet industry, with a focus on creating integrated living scenarios that enhance quality of life [21] - The application scenarios of family internet are expanding to include health care, education, and community services, promoting cross-industry collaboration [22][23] - Standardization and interoperability are being prioritized to address compatibility issues among different brands and devices, fostering a healthier market development [24]