Household appliances, "after the Olympic Games" sales profits hard to break
The first half of the yuan rise faster, but
Home Appliances
Products are not as in exports, as expected. From the General Administration of Customs on August 11 announced the first 7 months of this year, China’s foreign trade situation, the export commodities, home appliances exports was evident.
Olympics
About to close, before the inevitable international visitors in the home from “the world’s manufacturing power” to buy some electronics, therefore, electric appliances, “after the Olympic Games” sales will continue to have some growth, but high by the PPI and other factors, the profitability of enterprises difficult to have more growth.
Appliance plate movements slightly underperform
Olympics, the market expected the Olympic market did not occur. Last week, Olympic-related shares such as home appliances plate out to do by the positive impact of the overall trend of slightly weaker than the broader market, weekly drop of 8.52% last week, two days before the fall of the top, and the publication of macroeconomic data eased to some extent market concerns, three days after the shock higher, but volume continued to decline also reflects the long and short sides are more cautious.
Stocks last week in the home appliance division plate is more serious, Zhejiang Sunshine (600 261) weeks of gains up to 4.76%, to plate the only weekly gains across the board stocks; use the same energy-saving lamp-based industry in Foshan Lighting (000 541) weeks of decline up to 6.24%. This is the result of Zhejiang sunshine as China’s largest production and export of energy-saving lamp enterprises, in national saving and environmental protection into the larger environment, private equity funds, QFII funds and funds began to jointly help themselves, so by the investors.
Sales will continue to grow
Pressure in foreign exports, domestic and foreign enterprises face major household appliances manufacturers containment, raw material prices, foreign environmental laws and requirements to improve under the influence of multiple factors, listed on as many
Small appliances
The key business development initiatives. Recently, Herbalife appliances,
Glanz
, Asia and many other home appliances are technology companies are preparing for the market, thereby set off small appliances industry market boom. In addition, the appliance giant Gome also speed up the sale of A shares return to the pace, in addition to holding
Triple Trading Company
Addition, there is a message saying that he would route through the recent completion of the overall market in Zhongguancun. Accelerate the pace of market, reflecting the company bigger and stronger determination. While tightening in monetary macro-control policy, the market has become a corporate finance to ensure the development of another channel.
Previous revaluation raised export market for household electrical appliance enterprises generate concern, recently released by the State General Administration of Customs import and export data to a certain extent, eased those fears. Data show that the first 7 months, China’s export of electromechanical products 464.22 billion U.S. dollars, up 25.7% year on year increase of 1.4 percentage points. Among them, the electrical and electronics exports 191.26 billion U.S. dollars, up 24.6%. And the current exchange rate of RMB against the U.S. dollar continued to drop, it will be more conducive to exports, to enhance enterprise performance also play a role in promoting.
Enterprises that want to limit the production price of the case, some analysts believe that LCD
Panel
Industry has entered a downward cycle. In this regard, BOE Technology Director of Public Relations Tommy said, now only manufacturers cut, not a loss situation. Consumer Electronics Industry Research Center of CCID Consulting, Deputy General Manager Tian Xiaona also said that with the Olympic environment, the second half of our
Flat Panel TV
Size of the market will continue to expand, accounting for
TV
Market share will increase to 40%.
Margin there is no breakthrough
Although the countries have started trade policy adjustment and the relaxation of bank lending policies for SMEs, and the number of TV manufacturers and retailers revealed flat-panel TV in the past month than the same period last year sales more than doubled, but From the perspective of macroeconomic data, PPI and CPI data deviate from the situation become clear. 7 monthly wage increase added value of a substantial decline over the previous year, the highest since December 2006 to a new low. In the international economic environment has not changed the situation, the future business of the industrial added value increased downward pressure on the enterprise’s profit growth is unlikely to enhance the short term.
