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- Phone：0086-13705113637
- Tell：0086-0515-88809180
- Fax：0086-0515-88809181
- E-mail：jsjckt@126.com
- Address：No. 18, Rongguang Road, National High-tech Park, Yancheng City, Jiangsu Province
This week home appliances plate run down the CSI 300 index. The Shenwan Household Appliances index is down 5.6 per cent this week, while the CSI 300 index is down 4.0 per cent. In terms of key companies, Eida Intelligence (-14.0 percent), Cobos (-12.1 percent), Boss Electric (-11.1 percent) led the decline.
Data observation: The sales volume of white wire decreased year on year, and the sales volume of kitchen electric double wire was still depressed
A. Air conditioning data: Online sales volume decreased year-on-year, and average price continued to increase. According to the data monitoring of Aowei cloud network, in January 2023, the online sales of air conditioning category reached 720,000 units, down 11.4% year on year; Offline sales reached 175,000 units, down 40.3 percent year on year. In terms of average price, according to the data monitoring of Aowei Cloud network, the average online price of air conditioners in January 2023 increased by 1.0% year on year to 3267 yuan per unit; The average offline price increased by 7.0 percent year-on-year to 4,508 yuan per unit. Overall, the online sales volume of air conditioners decreased year-on-year, while the average market price increased year-on-year. Offline sales declined significantly, and the average market price increased year-on-year.
B. Kitchen electricity data: The sales volume of traditional smoke machines declined significantly, while the average price of new kitchen wires continued to rise year on year. Both the online sales volume and average price of range hoods declined year on year. According to the data monitoring of Aowei cloud network, the online sales of range hoods in January 2023 reached 314,000 units, down 28.1% year on year; Offline sales reached 50,000 units, down 38.6 percent year on year. In terms of average price, according to the data monitoring of Aowei Cloud network, the average online price of range hoods in January 2023 decreased by 7.1% year on year, reaching 1204 yuan per unit; The average offline price decreased by 0.1% year-on-year to 3,567 yuan per unit. Overall, the online sales volume and average price of range hood decreased year-on-year; Offline sales continued the trend of double-digit decline, average price decline is not obvious.
The online sales volume of dishwashers decreased by double digits year-on-year, and the average online price decreased year-on-year, while the offline growth trend continued. According to the data monitoring of Aowei cloud network, the online sales of dishwashers in January 2023 reached 5.0 million units, a year-on-year decrease of 28.0%; Offline sales reached 7,000 units, down 35.4% year-on-year. In terms of average price, according to the data monitoring of Aowei Cloud network, the average online price of dishwashers in January 2023 decreased by 1.3% year-on-year to 3,605 yuan per machine; The average offline price increased 3.6% year-on-year to 7,538 yuan per unit. In summary, the sales volume of dishwasher on both lines decreased significantly, the average online price decreased year-on-year, and the average offline price continued the growth trend.
Investment points: Since November 2022, the real estate policy has been continuously optimized with three arrows superimposed on the epidemic, and the value of household appliance configuration has been highlighted.
We tease out the following three main investment lines:
1) Real estate chain: Chef electric and white electric plate has a strong property after real estate, chef electric plate first promoted the target boss electrical appliances, in addition to the traditional kitchen electricity, recommend the integrated stove industry's two leading Eida intelligent and Martian; White plate is the first target for Hisense household appliances, three big white electric leading Haier, Midea, Gree will also benefit;
2) New consumption: Stone Technology and Cobos, which have experienced a correction in the valuation of the growth sector and can expect product iteration and innovation, are recommended for recovery of overseas demand and continuous promotion of new products in domestic sales; The domestic leading position is stable, the overseas demand of the Ji Mi technology and cinema rental business continues to recover, car business is expected to open the company's long-term growth ceiling light peak technology;
3) Upstream core parts: Dun 'an environment: thermal management core parts Long II, large-caliber electronic expansion valve is expected to realize overtaking on curves; Sanhua Smart Control: thermal management Dragon No.1, energy storage temperature control and robot business opened a new growth track; Huaxiang Shares: significant competitive advantage of low electricity price, accelerating the integration and concentration of black gold casting industry.
Risk tips: raw material price fluctuation risk; Exchange rate fluctuation risk; Risk of insufficient international shipping capacity and freight fluctuation.
Industrial air conditioning, chemical fiber industrial air conditioning, chemical fiber industry refrigeration, textile industrial air conditioning, dust-free workshop cooling, ventilation pipeline, cooling tower, freezer and other air conditioning units and accessories.
Jiangsu Jincheng Air Conditioning Engineering Co., Ltd. is a comprehensive manufacturer of special air-conditioning equipment design, production, installation, and commissioning of clean room, electricity, tobacco, civil air defense engineering, medical clean room, clean room, electricity, tobacco, civil air defense engineering, medical clean room. Mainly produce JCZK combined air conditioning unit, cooling tower, glass steel ventilated galvanized sheet pipe, stainless steel pipe, polyurethane ventilation pipe and air conditioning accessories, Jincheng air conditioner is wide, the type, the unique model, superior performance, and user Favused.
