Industry Micro Weekly (20240513) Reading Tips: Industry Hot Spots→ Enterprise Dynamics→ International Newsletter → Exclusive Data
Industry hotspots, home appliance industry first quarter performance report, seventy percent of net profit growth in the first 4 months, the scale of mainland foreign trade hit a record high in the same period in history, April CPI rose 0.3%, PPI fell 2.5%, Xiong'an High-tech Zone officially started operation, Hangzhou Xi'an was completely canceled, only 6 places in the country are still limited to the purchase of enterprises, dynamic Gree Electric Appliances set up a home appliance business department, Lu Luqun is the sales director, Haier and HBIS jointly build the first green and low-carbon household appliances household steel industry chain, Omar Electric Appliances officially changed to Guangdong TCL Zhijia, Hisense Household Appliances, and repurchased about 13.62 million shares of Four Seasons Muge Heat Pump Zero Carbon Experimental Building Capped Vantage shares have spent 99.9455 million yuan to repurchase 1.96% shares, Xiaoxiong Electric is building a smart small household appliance manufacturing base under construction, and Jingdong Electric May Day consumption report is a one-stop home furnishing soaringInternational Newsletter The volume of shipping containers sent from Asia to the United States has increased for seven consecutive years Japan's actual wages have fallen for 24 consecutive months, Apple is reported to be developing a data center AI chip, Trane Technologies' net sales in the first quarter were 4.216 billion US dollars, Haier Egypt Ecological Park officially opened, exclusive 2024 first quarter of the whole industry chain data release, dehumidifier performance in the first quarter, rotor compressor in March, domestic and foreign sales both increased, industrial hotspots·
The first quarter performance of the home appliance industry: seventy percent of the net profit growth
According to the data of Guolian Securities Research Report, in the first quarter of this year, the revenue of the A-share home appliance sector increased by 8.6% year-on-year, of which the revenue of white electricity increased by 8.88% year-on-year, the revenue of black electricity increased by 5.93% year-on-year, and the revenue of smart home increased by 15.69% year-on-year. Seventy percent of net profit recorded an increase. The decoration demand brought by the early completion and the renewal demand of mature products have supported the performance of the industry, the income of traditional kitchen appliances and electrical lighting is stable, the integrated stove dominated by the demand for new houses in the third and fourth lines is under pressure, the export sales of small household appliances continue to exceed expectations, and the domestic sales have improved significantly.
In the first four months, the scale of the mainland's foreign trade hit a record high in the same period in history
According to data released by the General Administration of Customs on May 9, the total import and export value of mainland trade in goods in the first four months was 13.81 trillion yuan, a year-on-year increase of 5.7%. Among them, exports were 7.81 trillion yuan, an increase of 4.9%; imports were 6 trillion yuan, an increase of 6.8 percent. Among them, the import and export of private enterprises was 7.54 trillion yuan, an increase of 10.7 percent, accounting for 54.6 percent of the mainland's total foreign trade value, an increase of 2.5 percentage points over the same period last year. Exports of mechanical and electrical products continued their steady growth momentum since the fourth quarter of last year.
CPI rose 0.3% in April, PPI fell 2.5%
According to the National Bureau of Statistics, in April 2024, the national consumer price rose by 0.3% year-on-year. Among them, food prices decreased by 2.7%, and non-food prices rose by 0.9%; Consumer goods prices were flat, while service prices rose by 0.8 percent. In April, the ex-factory prices of industrial producers fell by 2.5 percent year-on-year, and the purchase prices of industrial producers fell by 3.0 percent year-on-year, which were 0.3 and 0.5 percentage points narrower than those of the previous month. From January to April, the average ex-factory prices of industrial producers decreased by 2.7 percent over the same period of the previous year, and the purchase prices of industrial producers decreased by 3.3 percent.
Xiong'an High-tech Zone was officially put into operation
On May 9, Xiong'an High-tech Zone was unveiled and officially launched. At the end of 2023, the Hebei Provincial Government approved the establishment of Hebei Xiong'an High-tech Industrial Development Zone, which is currently a provincial-level high-tech industrial development zone. After the start of operation of Xiong'an High-tech Zone, efforts will be made to build a spatial pattern of "one core, two wings and three supports". With the north and south of the core area as the two wings, five industrial parks are laid out: the Aerospace Park, the Information Park, the Biotechnology Park, the New Material Park, and the Future Science and Technology Park. The urban infrastructure in the core area has been basically complete, and a number of high-tech enterprises are accelerating their implementation.
Hangzhou and Xi'an have been completely canceled, and only 6 places in the country are still restricted
On May 9, Hangzhou issued a notice that included seven measures, including the complete lifting of housing purchase restrictions, strengthening housing credit support, and optimizing the supply of residential land. Xi'an issued a notice to completely cancel the housing purchase restriction measures, and residents will no longer review the qualifications for purchasing newly built commercial housing and second-hand housing in the city. With the complete lifting of housing purchase restrictions in Hangzhou and Xi'an, in addition to the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, only Hainan Province and Tianjin are still in a state of partial relaxation of purchase restrictions.
Company News·
Gree established a home appliance business department, and Lu Luqun served as the sales director
According to the "Notice on the Establishment of the Household Appliances Business Department" and the "Notice on the Appointment of Comrade Lu Luqun" issued by Gree Electric Appliances, in order to improve and strengthen the development of domestic household appliances business, the company decided to merge the functions and personnel of the household air conditioning and small household appliances business department, ice washing and household appliances business department to establish a household appliances business department. Lu Luqun, manager of Zhuhai Huange Digital Technology Co., Ltd., is the sales director of the household appliances business department, in charge of the household appliances business department, with a probation period of six months to one year.
Haier Hegang jointly builds a green and low-carbon steel industry chain for household appliances
On May 8, HBIS and Haier signed an agreement in Qingdao to comprehensively deepen strategic cooperation and jointly build a green and low-carbon industrial chain, and the two sides will give full play to their respective advantages in the research and development, manufacturing and scene application of green household appliances and household steel, and work together to build the country's first green and low-carbon household appliances and household steel industry chain, and promote the "green" upgrade of the home appliance and household furnishing industry. According to the agreement, based on a good foundation for cooperation and a common green and low-carbon development concept, the two parties will jointly promote the research and development and application of low-carbon household appliances and household steel, and promote the "green" upgrading of the household appliances and household appliances industry.
Omar Electric was officially changed to Guangdong TCL Smart Home
On May 10, information from the Shenzhen Stock Exchange showed that the full name of TCL Zhijia Company was changed, from Guangdong Omar Electric Appliance Co., Ltd. before the change to Guangdong TCL Smart Household Appliance Co., Ltd. after the change. After the change, the company's securities abbreviation: TCL Smart Home, the opening time is May 10, 2024. After the change, the company's English abbreviation: TCL Smart Home, and the company's securities code "002668" remains unchanged.
Hisense Home Appliances has repurchased about 13.62 million shares in total
Hisense Home Appliances announced on the evening of May 8 that as of April 30, 2024, the company repurchased about 13.62 million shares of the company through a special securities account for share repurchase in a centralized bidding transaction, accounting for 0.98% of the company's current total share capital, with the highest transaction price of 25.83 yuan / share and the lowest transaction price of 23.33 yuan / share, with a total transaction amount of about 335 million yuan.
The Four Seasons Muge Heat Pump Zero Carbon Experimental Building was capped
On May 9, the topping out ceremony of the first zero-carbon experimental building in the air energy heat pump industry was held in the Lianyungang headquarters base of Four Seasons Muge Group. The building, with a construction area of 32,000 square meters and a total investment of 200 million yuan, has also created a benchmark model for the low-carbon transformation of global industrial parks and buildings. The first phase of the building will have 19 laboratories, which are specially designed for testing and experimenting in the ultra-low temperature environment of heat pumps. Among them, the 1000kW comprehensive test laboratory can test heat pumps from -60°C to 55°C, and can test the performance of 120°C high-temperature heat pumps.
Vantage has repurchased 1.96% of its shares, costing nearly 100 million yuan
Vantage Co., Ltd. announced that as of April 30, 2024, the company has repurchased a total of 16,582,300 shares through a centralized bidding transaction through a special securities account for share repurchase, accounting for 1.96% of the company's current total share capital, with the highest transaction price of 6.35 yuan per share and the lowest transaction price of 5.41 yuan per share, with a total transaction capital of 99.9455 million yuan (excluding transaction costs).
Xiaoxiong Electric's intelligent small household appliance manufacturing base was put into operation during the year
According to the record of Xiaoxiong Electric's investor relations activities, the company's smart small household appliance manufacturing base (phase II) project under construction will be completed and put into operation this year, and will provide an annual production capacity of 13 million units after completion. According to the annual report performance of Xiaoxiong Electric, the operating income in 2023 will be 4.712 billion yuan, a year-on-year increase of 14.43%; The net profit attributable to the parent company was 445 million yuan, a year-on-year increase of 15.24%. This is also the second consecutive year that Xiaoxiong Electric has achieved a double increase in performance since its revenue and net profit fell in 2021.
Jingdong Electric May Day consumption report, "one-stop home" rose sharply
According to the May Day consumption report released by Jingdong Electric, the omni-channel turnover of Jingdong's self-operated stores increased by 59% year-on-year from May 1 to 5, and major categories such as kitchen and bathroom, air conditioning, color TV, ice washing, household appliances, and mobile phones have ushered in the peak of passenger flow. Among them, the proportion of new sales brought by the trade-in of household appliances has doubled. Jingdong Electric focuses on the "one-stop home" experience of home appliances, and the smart home has increased by more than 220% year-on-year. Mobile phones increased by more than 75% year-on-year.
International Newsletter·
The volume of shipping containers from Asia to the United States has increased for the seventh time in a row
According to data released by Descartes Datamel in the United States, the volume of sea container traffic from Asia to the United States in March was 1455586 (calculated by 20-foot containers), a year-on-year increase of 20%, marking the seventh consecutive month of growth. The top 10 products were transported more than the same period last year, with steel products up 43% and plastics up 41%. According to the delivery area, the region with more transportation volume increased significantly, and the shipment of Chinese mainland, which accounted for more than half of the transportation volume, increased by 18%, followed by South Korea by 35% and Vietnam by 25%.
Japan's real wages have fallen for 24 consecutive months
Japan's Ministry of Health, Labor and Welfare released data on May 9 showing that nominal wages rose 0.6% year-on-year to 301193 yen (about $1,930) in March, which has risen for 27 consecutive months. However, due to the soaring cost of raw materials and the depreciation of the yen, the prices of food and daily necessities remained high. The national consumer price index (excluding fresh food) rose 2.6% year-on-year in March, exceeding the BOJ's 2% inflation target for the 24th consecutive month. As a result, Japan's real wages fell 2.5% year-on-year in March, marking the 24th consecutive month of decline.
Apple is reported to be working on a data center AI chip
Apple has been working on its own chips for running AI software on servers in data centers. According to people familiar with the matter, the internal code name of the server chip project is ACDC (Apple Chips in Data Center). The ACDC project has been underway for several years, and it is uncertain when the new chip will be launched. Apple has promised to release new AI products at its Worldwide Developers Conference in June.
Trane Technologies had first-quarter net sales of $4.2 billion
Trane Technologies Announces First Quarter 2024 Results. Quarterly net sales were $4,216 million, compared to $3,666 million in the year-ago quarter, an increase of 15% year-over-year. Adjusted EBITDA for the quarter was $706 million, compared to $542 million in the year-ago quarter, up 30% year-over-year.
Haier Egypt Ecological Park was officially opened
On May 2, local time in Egypt, Haier Egypt Ecological Park, located in the city of Ramadan 10th, was officially opened. Haier Egypt Eco Park covers an area of 200,000 square meters and has a total designed production capacity of more than 1.5 million units. The first phase of the project, which has been put into trial production in March this year, includes the air conditioning and TV industries, plus the washing machines put into production in May, with a total production capacity of more than one million units. The second phase of the project under construction mainly includes refrigerators, freezers and other categories.
Exclusive data·
The data of the whole industry chain in the first quarter of 2024 will be released
According to the data of the whole industry chain in the first quarter released by Industry Online, most industries have achieved a good start in the first quarter, among which the three major upstream and downstream industrial chains of ice and air washing have achieved good growth across the board. Overall, the performance of the domestic and foreign markets in the first quarter was further differentiated, with large differences in the trend of different industries, and the domestic sales performance of refrigerants was significantly better than that of exports due to the impact of the quota policy.
The performance of dehumidifiers in the first quarter was outstanding
According to industry online data, the household dehumidifier market performed well in the first quarter of 2024, with sales climbing to 2.16 million units, a significant year-on-year increase of 13.8%. Domestic market: The humid weather in the southern region and the unique "back to the south" phenomenon have become the key factors driving the sales growth of household dehumidifiers. Export markets: The first quarter also showed an upward trend due to the low base of the previous year, the need to replenish inventories at the beginning of the year and the gradual recovery of overseas markets.
Rotor compressor sales increased both in March
In March, the rotor compressor industry produced 26.008 million units, a year-on-year increase of 3.1% and a month-on-month increase of 34.1%; Sales were 28.56 million units, an increase of 8.9% year-on-year and 48.3% month-on-month. Domestic market: At present, the possibility of high temperature weather this year has been further improved, coupled with the double stimulation of the "trade-in" policy, the domestic sales of the whole machine are expected to grow under a high base. Export markets: Supply demand in Europe and the United States continued to be strong in the first quarter, and the current growth of tourism in overseas markets and the rebound of real estate are also expected to drive demand growth.
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