First half of 2009 Household Appliance Center Daily News Analysis – Midea, Gree Electric Appliances, TCL Group – household appliances
< BR> With the 2009 mid-year report of listed companies in China have been published, home appliance companies in the first half of this year “report card” also made public. This article focuses on selected household appliances listed 24 data analysis. Including white goods section (hereinafter referred to as
White
Plate) 8: Gree Electric Appliance (000651.SZ), Midea (000527.SZ), Qingdao Haier (600690.SH), Meiling (000521.SZ), Hefei
Sanyo
(600983.SH), Little Swan A (000418.SZ), Aucma (600336.SH), ST Kelon (000921.SZ); black appliances (hereinafter referred to as
Black
Plate) 4: Hisense Electric (600060.SH), Shenzhen Konka A (000016.SZ), Sichuan
Changhong
(600839.SH), TCL Group (000100.SZ); small appliances 5: 9 Yang shares (002242.SZ),
Supor
(002032.SZ), Vantage shares (002035.SZ), Yi Li Pu (002260.SZ), BDO Runda (002005.SZ);
Illumination
Apparatus section 3: Zhejiang Sunshine (600261.SH), Snow Wright (002076.SZ),
Foshan
Lighting (000541.SZ); have four home appliance parts listed companies: three flower shares (002050.SZ), Shield Security Environment (002011.SZ), China intended to compression (000404.SZ), Hailigufen (600,619. SH). (Where the securities companies because of the statistics used in this paper that the home appliance industry data, including lighting equipment. Sinorama other articles not included within the meaning of home appliances Lighting. Editor’s Note.)
<BR> Second quarter revenue rise
<BR> By the global economic crisis, household appliances focus on the gross revenues of listed companies in the third quarter of 2008, a marked decline in the fourth quarter of 2008 and first quarter of 2009 fell to lows, down 11.29% year on year and 16.86 respectively %. 2009, a significant rebound in the second quarter, overall industry revenue decline narrowed to 2.55% over the previous year, in addition to lighting, all the other sub-plate warmer.
<BR> White plate and the recovery of significant domestic appliance spare parts industry,
Refrigerator
, Domestic washing machines and air conditioners have to restore growth, and lead the industry out of a downward direction. However, the white plate and appliance parts exports suffered a severe decline in the second quarter decline was still more than 20%. From the second quarter of white plate, and appliance parts major business revenue performance, revenue decline from the first quarter decreased 20% to 6.73%. As the second half of 2008 lower income base, second half of 2009, with exports gradually pick up, white plate can expect revenue growth.
<BR> Black plate to benefit from flat-panel TV on CRT TV’s rapid replacement. Early in the fast alternative (domestic enterprises around the second half of 2008), black enterprise revenues in proportion CRT TV, flat panel TV’s rapid growth (an increase of 100% or more) can not compensate for loss of CRT television drop (down 50% year on year above), a negative growth in consolidated revenue (third quarter of 2008, the fourth quarter and first quarter of 2009). To the second quarter of 2009, major domestic companies black universal flat panel TV sales income share up 80%, CRT TV business shrink drastically reduced effect, Black Listed company started to grow revenue, an increase of 7.69%. With the second and third tier cities and rural TV market substitution effect of the show and flat TV panel shortage easing, black plate revenue in the foreseeable period of time will maintain rapid growth.
<BR> Benefit to raise income levels of consumer demand to upgrade appliances, small household appliance industry maintained a rapid growth in recent years, even in the context of economic crisis, growth continued at the forefront of home appliance industry, growth is relatively stable. Plate is mainly affected by the decline in exports lighting effects, a marked decline in operating income is still in the process.
<BR> Minutes enterprises are concerned, the focus of the white cover listed companies in the second quarter of 2009, most enterprises have significant improvement in operating income.
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