Market performance
This week (4.1-4.7), the CSI 300 index fell by 0.32%, the home appliance (CITIC) sector rose by 0.96%, and the industry outperformed the market by 1.28 percentage points, ranking 12th among the 30 CITIC first-class industries. In terms of fine molecule industry, this week’s gains and losses were mixed, led by the kitchen appliance sector. White appliances 1.25%, kitchen appliances 4.84%, lighting electricians and others – 0.37%, small appliances – 1.09%, black appliances 0.41%. In terms of individual stocks, in the past five trading days, Zhejiang Entive Smart Kitchen Appliance Co.Ltd(300911) (+ 8.48%), Wuxi Hodgen Technology Co.Ltd(300279) (+ 8.16%) and Hangzhou Robam Appliances Co.Ltd(002508) (+ 7.13%) rose the most, while Inventronics (Hangzhou) Inc(300582) (- 9.60%), Shenzhen Crastal Technology Co.Ltd(300824) (- 8.24%) and Canature Health Technology Group Co.Ltd(300272) (- 7.09%) fell the most.
Household appliance industry highlights
Anhui smart home appliance industry creates 500 billion level industrial cluster
In March, the global chip delivery cycle increased to 26.6 weeks, a record high
Lanzhou has issued a number of policies to deregulate the property market
Investment advice
According to the latest data released by industry online, the output of household air conditioning industry was about 16.82 million units in April, an increase of 5.4% over the same period last year. Since March, the production scheduling data has increased slightly for two consecutive months, mainly because air conditioning manufacturers began to prepare for the peak season in March and increased production scheduling to prepare goods for channels. In terms of production and sales data, air conditioning sales achieved double-digit growth in February, with a year-on-year increase of 10.59%, of which exports increased by 15.34% and domestic sales increased by 4.06% year-on-year. To sum up, the industry is temporarily given a “optimistic” rating. It is recommended to pay attention to Midea Group Co.Ltd(000333) ( Midea Group Co.Ltd(000333) ), Haier Smart Home Co.Ltd(600690) ( Haier Smart Home Co.Ltd(600690) ), Gree Electric Appliances Inc.Of Zhuhai(000651) ( Gree Electric Appliances Inc.Of Zhuhai(000651) ), Shenzhen Crastal Technology Co.Ltd(300824) ( Shenzhen Crastal Technology Co.Ltd(300824) ) and Zhejiang Meida Industrial Co.Ltd(002677) ( Zhejiang Meida Industrial Co.Ltd(002677) ).
Risk tips
The risk of macroeconomic environment fluctuation; The risk of repeated outbreaks; Risk of exchange loss caused by exchange rate fluctuation; The risk of serious decline in the end demand of the industry; The risk of declining prosperity of overseas exports. Industry research Securities Research Report industry
