Galaxy Securities: Air-conditioning production and sales declined in January, and the profitability of leading white appliances is expected to gradually improve jqknews

Summary

[Galaxy Securities: Production and sales of air conditioners declined in January and the profitability of leading white appliances is expected to gradually improve]Galaxy Securities research report said that both production and sales of air conditioners declined in January due to the Spring Festival factor, and domestic sales declined significantly due to weak retail performance and high inventory. , exports fell slightly on the basis of last year’s high base. In the short term, raw material prices are still at a high level, there is little room for decline in terminal prices, and the retail performance of domestic durable consumer goods is relatively weak, making it difficult to recover domestic sales of air conditioners. Although export sales are under pressure from the base, the export data is expected to remain at a high level. Overall, the air-conditioning industry is relatively stable, and the pattern dividend will be reflected when the pressure on raw materials is marginally improved, and the profitability of leading white appliances is expected to gradually improve.

galaxysecuritiesResearch reportIt is said that in January, both production and sales of air conditioners declined due to the Spring Festival factor. Among them, domestic sales fell significantly due to the weak performance of the retail side and the high inventory. Exports fell slightly on the basis of last year’s high base. In the short term, raw material prices are still at a high level, there is little room for decline in terminal prices, and the retail performance of domestic durable consumer goods is relatively weak, making it difficult to recover domestic sales of air conditioners. Although export sales are under pressure from the base, the export data is expected to remain at a high level. Overall, the air-conditioning industry is relatively stable, and the pattern dividend will be reflected when the pressure on raw materials is marginally improved, and the profitability of leading white appliances is expected to gradually improve.

(Article Source:securitiesTimes e company)

Article source: Securities Times · e company

Responsible editor: 33

Original title: Galaxy Securities: The production and sales of air conditioners declined in January, and the profitability of leading white appliances is expected to gradually improve