Appliance Industry: Policy Heater Blowing Black Band Continued Pattern Of Strong White Weak –

1. Industry online publication November Air conditioning Industry performance data. The total sales volume reached 4.236 million units, an increase of nearly 64%, of which 266 million units in sales, achieving an increase of 73% of the 1-November total 34.6 million units, up 31.7%, is estimated to achieve 30% -35 year % growth. Exports of 1.576 million units, up 48%, 1-November total 26.08 million units, down 23.7% year on year, the year is expected to decline 20% -25% will remain in between.

2, industry, online publication November Refrigerator Industry performance data. The total sales of 3.354 million units, an increase of 46% of the 1-November total sales of 49.48 million units, up 23.7%. Of which 2.148 million units in sales, up 76%, refrigerators sold 879,000 units the countryside, accounting for 41% of industry sales. January-November total of 34.75 million units, up 42.2%. Exports of 1.206 million units, achieving positive growth of 13%.

3, industry, online publication November Washing machine Industry performance data. Total sales of 3.354 million units, an increase of 46%, 1-November total sales of 49.48 million units, up 23.7%. Of which 2.148 million units in sales, up 76%. Exports of 1.167 million units, up 16.1%, 1-November total of 11.84 million units, down 7.7%.

4, industry, online publication November TV Industry performance data. LCD TV sales of 2.063 million units in the export volume of 4.251 million units, up by 105% and 65% within a 1-November total sales of 21.47 million units, total exports of 35.57 million units, respectively, an increase of 85.6% and 39.4%. Also, some early January

LCD panel Prices to recover, mainly from upper glass substrate supply flow, while sales of LCD TVs constantly-than-expected growth.

5,11 sales data released on the countryside, policy efforts continue to increase. Basic monthly sales were flat last month, continue to adjust product structure, the substantive effect of this will be fully realized.

5, TM to Smoothly scale to enlarge. TM to sell more than expected during New Year’s Day, since the pilot sales of color TV sets and washing machines to maintain the leading share of the policy is more prominent in this year’s results, and promote

Home Appliances Accelerated Upgrade. 6, Industry and Information Ministry issued a document to guide the transformation and upgrading of household appliances. “Guidance” that the home appliance industry, the existing problems, clearly the future of enterprise credit, public finance and subsidies and so on will be more support, we look forward to post the details of the issuance of listed companies are attracted by Gree, Haier

Hisense And the TCL Group. 7, TCL Group 8.5 on behalf of the panel project began. Our project’s overall attitude is “cautiously optimistic” the markets are more concerned about overcapacity is not that serious, but the risk remaining.

Investment advice: rational view of the strong black-white plate adjustment and weak phenomenon, optimistic color TV industry and air conditioning industry, key recommendations listed company Hisense, TCL Group, Changhong, Gree and three flower shares.

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