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Himfr.com Reports Production of Domestic Refrigerators and A

发布时间:2018-12-04 编辑:admin



BEIJING, Oct. 22 /Xinhua-PRNewswire/ -- Himfr.千亿国际com ( http://www.himfr.com/ ) reports that the production levels of domestic refrigerators and air conditioners has declined sharply, while washing machines and color TVs remain at a relatively high growth. In Himfr's view, washing machines and color TVs will maintain their high growth, and the growth rate of refrigerators( http://www.himfr.com/buy-Refrigerated_Compressed_Air_Dryer/ ) iAAAApected to resume, but air-conditioners will continue to face troubled times.

Polarization of the Industry

August data showed that domestic production of refrigerators was down 7.6%; air-conditioner

( http://www.himfr.com/buy-Split_Wall_Mounted_Type_Air_Conditioner/ ) output fell 22.96%; washing machine output rose 17.68%; and production of color TVs grew 16.34%. Such growth clearly highlighted the polarization of household appliances in China.

Recent events, including the decline in real estate sales, a relatively cool summer and the devastating earthquake in Sichuan, have all had a negative impact on the sale of air-conditioners and refrigerators( http://www.himfr.com/buy-Water_Dispenser_Refrigerator/ ), resulting in the slowdown from June 2008.

Himfr.com's analyst judges that the decline in real estate sales had a sharp impact on the air-conditioner industry, but as the industry becomes more concentrated, Midea, Gree, Haier, and other leading enterprises have still been able to expand their market share. Despite the refrigerator industry getting off to a slow start, the negative factors are not long-term concerns and with the start of the rural market and product upgrades, the annual growth rate in 2009 will resume. In addition, the refrigerator industry has maintained a high level of gross margin. This also shows that the refrigerator industry is still in business cycles. In the first half of 2008, Qingdao Haier Refrigerator's gross margin reached 29.45%; Midea's electric refrigerator's gross margin reached 27.65%.

Despite the overall downturn of air-conditioners ( http://www.himfr.com/buyDuct_Type_Air_Conditioner/ ) and refrigerators in the first eight months of 2008, the production of washing machines and color TVs maintained solid growth. Washing machines grew 19.4%; color TVs were up 17.9%. Analysts believe that as automatic washing machines ( http://www.himfr.com/buy-_Twin_Tub_Washing_Machine/ ) enter more homes, as CRT TVs are gradually replaced by flat-panel TVs, and as other favorable factors influence the market, the washing machine and color TV markets will continue to grow at a steady rate.

Export Slowdown Will Have Limited Impact

Through the revaluation of the Yuan, the global economic slowdown, and other factors, the first eight months of 2008 has seen a relative drop in the export of household appliances. Among them, as CRT color TV ( http://www.himfr.com/buy-Car_Stand_Type_Color_TV/ ) sets are being gradually replaced by flat-panel TVs, itAAAAport growth is in decline, falling 8.4%; air-conditioner and refrigerator export growth also declined, with a growth rate of 2.5% and 19.4%, respectively; and LCD color TVs and washing machines continued to maintain a high growth rate. On the whole, the sub-debt crisis in the United States triggered a global economic slowdown, which sharply impacted the household appliance industry, but from the current data, Himfr.com remains optimistic.

Listed Companies Will Able to Maintain Relatively Fast Growth

Listed household appliance companies in the first half of 2008 saw net profits grow 67.32%, but in the middle of this year, impacted by the real estate sales drops, the air-conditioner industry was in a downturn, while the color TV ( http://www.himfr.com/buy-LCD_Flat_Panel_TV/ ) industry maintained a relatively high growth rate. In addition, because washing machines and refrigerators are not competitive products, and as they have a high level of gross margin, the leading enterprises such as Midea Electric and Qingdao Haier have begun to increase investment, so both industries look set for a bright future.

For more information, please contact:

Himfr.com

Room 610, Ximen commercial Building, 256 Xinhua Street,

Tong Zhou district, Beijing, China 100110

Tel: +86-10-5211-8138

Email: cs@himfr.com

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