您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。[首创证券]:家用电器行业周报:8月空调内销明显改善,智能微投持续增长 - 发现报告
当前位置:首页/行业研究/报告详情/

家用电器行业周报:8月空调内销明显改善,智能微投持续增长

家用电器2022-09-25陈梦、潘美伊首创证券九***
家用电器行业周报:8月空调内销明显改善,智能微投持续增长

8!"#$%&'()*+,-./012 *+,-|./0122022.09.19-2022.09.253|2022.09.25 ƒ"#$% !" #$%&' SAC()*+,S0110521070002 chenmeng@sczq.com.cn Ø.,010-81152649 /012345 panmeiyi@sczq.com.cn Ø.,010-81152646 CDEFGHIJKLMN !"Ø$ %&3(( 0#% 12!G() 2!345 %/!0)1 1$!F(b $!*(+ %&!G() 0 !0#% !0#$ OPQR,SRFT UV23 IJKLMNO)P20220912-20220918QR8STUVWXYZ[\ ]^IK_`abcd IKMN2022ef)ghiQ4jklmRn(opqrds^tuvwx&yz[n| IJKLMNO)P20220905-20220911QRIK]~f)gh^tuvwx&yz[n| &'() WXYZ,1N8[\]^_`abcdefghijklamnopqrst8[ukvw\]^_laxf+20%kcdef+28.8pctkyz[vw|]~≥ÄÅÇÉklaijÑÖÜáàâaxf-8.6%kcdef+1.9pctkt[Qäkãåçéâè3ëíìîïë\]^_ñóòÉôökõâaúÑòÉùûküɆ°¢£§•s2N8[¶ß®©•™cMkDLP`¨u˘†ÆØWsT±“>¥k8[vw\ ]¶ß®©µ7CDˆf˘p6.4@Ikxf+16%kªºˆfbp 36.55ækxf+7%kCDøffip1748Ikxf+9%kbffi¡W¬S ˆf˘•™cMkªºDLP`¨CDu˘ef7[ƒW3pct‹31%s 2022Q4®OÕ«,»Wö…¢£ ÀkÃÕŒ™œ&V–—»Ms“”Ö‘Q\Ø’÷»Wö…|¢£ ÀkvÿŸ™ä⁄礋›fi fl쇃ëk·%‚„‰ÂÊdÁËsI1NÈØ,ÍÎÏÌÓÔÄ~ÒflÛÙıˆ˜¯˘˙b‡aAc˛ˇƒW!"…ìé#¶\fl|I ˇÙc˛ˇ$%ì0ì&'àI2N(Ø,ÍÎÏÌ)*+,•-$ %k—.+,/d$…ì0’Ø1k23V–yzí+~ïÅ45„Êd6%ì789fl@:¶ß;àI3NØ<=g,ÍÎÏÌ5„>` ¨?@·AìBC&'>D=+,/$%ìEF=gàI4NG\Ø,ÍÎÏÌyz9HIJKÙ+LMœNì—OPuk23V–QR#ÙSTPu;àUVØ1WXV–YZØÅÙ[\]Ù^Â[_;à I5N`Ø,ÍÎÏ̶߮©·%‰Â3a[_àI6Nˆbc,WX V–`¨de•™Ùfgh⁄Ùiˆ+,/d$%ìˆj¶ks WXí‹,WX7)lEëm1.22%k\Øí+ëm4.23%knoápsªºkÈØ’÷ëm5.78%k`Ø’÷ëm2.58%k(Ø’÷ëm5.11%kG\Ø’÷ëm2.62%k=gØ<Aªq’÷ëm2.17%srIsNPtòPufvwk‹WXxk0ì&'rsPtòPuf18.24%kÜ7Xƒ~0.19pctàBC&'rsPtòPuf17.33%kÜ7Xëú0.25pctàd…Ø1rsPtòPuf11.46%kÜ7Xƒ~0.02pctàSTPursPtòPuf5.26%kÜ7Xëú0.11pctà0’Ø1rsPtòPuf7.07%kÜ7Xëú0.31pctàé#¶\rsPtòPuf10.22%kÜ7Xƒ~0.06pctsyPvw,WX\Øí+zчxp5flØÅI14.24%NÙ±[Ø1I10.58%NÙ|]¶ßI8.1%NÙ~∏—ÄI6.97%NÙÅÇSÉI4.82%Nàmчxp8Ñ#I-17.82%NÙ@:¶ßI-15.63%NÙ3a[_I-13.54%NÙMÖ&'I-12.98%NÙSTÜYI-10.13%Ns áXÍÎFTàâ,äã’åI0.5mmNWXffid4923I/çkÜ7Xëm15I/çàäã’åI1.0mmNWXffid4818I/çkÜ7Xëm20I/çàéI1#NWXffid63190I/çkÜ7X7z200I/çàèIA00NWXffid18710I/çkÜ7Xëm160I/çàºwêPëffidEFWXffid896.2kÜ7X7z1.2s íìƒî,ïPffidáÑISàóÒòôöõíìàúùISíìs !" 1"#$%&8'()*+,-./012345678............................................................................................1 1.18'9:();+<7=>K,-./0*+@ABC1 1.28'124DEF780DLP;GHIJKM2 24NOP&Q"RSTUVW0YZF[&\]^Q83 3"#_`a4 3.1bc_`&"#9d_efg4.23%0ijk4 3.2lmNn&opqrstuv5uwKxm#fy5 3.3zu_`&[|d]~sÄÅ5 4_eÇ"Ég6 4.1;+Ég6 4.2ÖÜÉg10 4.3á;àâäãÉg11 5"#åçoéà_e^è13 5.1oêoé13 5.2_e^è13 6ëíìî14 #$!" ï12022ñ1-8'()óò;+Égôöõ&[úù1 ï22022ñ8'();+Égôöõ&[úù1 ï32022ñ1-8'()ûfü†ÖÜIüw°`¢2 ï42022ñ1-8'()ûmü†ÖÜIüw°`¢2 ï58'£§124Dûmü†ÖÜI•KìM16%2 ï68'£§124Dûmü†ÖÜ<CR10¶ffi58%2 ï78'®©™´¨:dDœÆØv±A^GH53 ï88'e¥™´µπ≠^GO1S3 ï9"#ü†~gsô%ù4 ï10ñCX1ü†~gsô%ù4 ï11"#ªº[#æ_e~gsô%ù4 ï12øX9'23¿ªoêsôtùuv5uwKô%ù5 ï13¡j¬dsôtùuv5uwKô%ù5 ï14=ƒ9doêsôtùuv5uwKô%ù5 ï159d_e"#~süD«»6 ï169d_e"#gsüD«»6 ï178'9:();<•Km~0.1%7 ï188'9:()+<•Km~10.6%7 ï198'9:()*+<•Km~20.0%7 ï208'9:()… <•Kfy8.6%7 ï217'ÀÃ;<•Kfy7.4%7 ï227'ÀÃ+<•Kfy11.0%7 ï237'ÀÃ*+<•Kfy0.3%8 ï247'ÀÃ… <•Kfy20.7%8 ï257'ÕŒœ;<•Km~5.3%8 ï267'ÕŒœ+<•Km~4.4%8 ï277'ÕŒœ*+<•Kfy2.4%8 ï287'ÕŒœ… <•Km~14.3%8 ï297'LCDTV;<•Km~23.2%9 ï307'LCDTV+<•Km~22.4%9 ï317'LCDTV*+<•Km~3.3%9 ï327'LCDTV… <•Km~30.4%9 ï337'–—“œ;<•Kfy14.4%9 ï347'–—“œ+<•Kfy16.0%9 ï357'–—“œ*+<•Kfy8.9%10 ï367'–—“œ… <•Kfy23.7%10 ï37I‘’÷GÖÜ[Ià7=10 ï389dÿÖÜIà7=10 ï398'HÕŒœŸ⁄•Km_10 ï408'H()Ÿ⁄•Kfy3.1%10 ï418'H–—“œŸ⁄•Kfy1.7%11 ï428'HÆdŸ⁄•Kfg2.8%11 ï4330j¤‹ü›GfiQfl‡É11 ï4430j¤‹ü›GfiQfl·‚11 ï45›Gfi+Ü·‚óò„àóò•K11 ï46fi‰ÂÊ·‚óò„àóò•K11 ï47ÁËbÈ⁄ÍôÎ/Ïù12 ï48ÌÓŸ⁄ÍôÎ/Ïù12 ï49ÔÓŸ⁄ÍôÎ/Ïù12 ï50hã⁄ÍÒÉ12 ï512012ñX1032ÚÛÙdı·b⁄ÍôˆÎ/˜ù13 ï52ÛÙdı·b⁄ÍôˆÎ/˜ù13 %&!" @19då¯müoê_`#˘@6 1'()*+8,-./0123456789:;<= 1.184*+56789:;<=>?@ABC8DEFG `+çµ$ß2022M8[\]^_`aFTs2022M1-8[kvw\]^_`b 106515ækxf-3.5%àab110275ækxf-1.5%àñób48445ækxf-3.4%à lab61835ækxf+0.1%னb16565ækxf+1.4%sªºt8[ukvw \]^_`b11255ækxf+8.7%àab12055ækxf+10.6%àñób3295æk xf-8.6%àlab8765ækxf+20.0%s %§+Qäk2022Mt8[0ì`b+4.8%kab+10.7%kªºlab+27.2%kñób-24.1%k®©b-4.9%àd…`b-15.8%kab-13.5%kªºlab-12.5%kñób-17.8%k®©b-11.8%àé#`b+4.5%kab+13.3%kªºlab+11.8%kñób+23.1%k®©b-89.5%àTCL`b+80.0%kab+46.6%kªºlab+118.8%kñób+19.0%k®©b+142.1%s 8[\]^_`abcdefø†áуWkªºlaij™pghs´¨Qäk 8[labxf+20%kcdef+28.8pctkyz[vw|]~≥ÄÅÇÉklaijÑÖÜáà8[âabxf-8.6%kcdef+1.9pctkt[Qäkãåçéâè3ëíìîïë\]^_ñóòÉôökõâaúÑòÉùûI6/7/8[âabcd%Ip-18.9%/-10.5%/-8.6%NküɆ°¢£§•s %§+Qäk“ˆµ^_§+ìcMmn«q[Âb§+kvÿÆpávwpKØMÂb^_§+23Ëí5„i±kiW,¥µ[5„ö‹ìôyk)Skª®©àºávw“ˆµ§++çÊdæø‡¿ßeÜ¡ìCD¬cs%°üÉkvÿÆpçE0tƒÙßRQîìîïëkéâòô«w»á™ö…k…la†°ç \ØÀÃÕÕ쌜뢣ؖs !12022"1-8#$%&'()*+,-ƒ/012!22022"8#$%()*+,-ƒ/012 12,000 10,000 8,000 6,000 4,000 2,000 0 !øƒø$%&ƒ'( 2020)1-8*2021)1-8*2022)1-8* 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 !øƒø$%&ƒ'( 2020)8*2021)8*2022)8* kîÄÅRÇNÉV^AÖÜákîÄÅRÇNÉV^AÖÜá —í+&ºÖQäk2022M8[vw^_µ7CD&ºÖGÑëãké#¨”CDu˘òɃWsT±“>¥FTk2022M8[vw^_µëCDˆf˘CR3xf +0.2pct‹83.3%kªº0ìÙd…Ùé#ˆf˘u˘%Ip33.5%Ixf-1.9pctNÙ32.7%Ixf-0.6pctNfl17.1%Ixf+2.3pctNàµ7CDˆf˘CR3xf-3.8pct‹68.8%kªºd…Ù0ìÙé#ˆf˘u˘%Ip27.7%Ixf-3.5pctNÙ28.4%Ixf-2.1pctNfl12.7%Ixf+1.8pctNké#¨”^_CDu˘ƒWÜph‘s !32022"1-8#$%34567895:;<=!42022"1-8#$%3>567895:;<= éê å/ çp éè å/ éè àëí çp kîÄÅRàâäã^AÖÜákîÄÅRàâäã^AÖÜá 1.284HIJKLM:NBDLP7OPQRSU 2022M8[vw¶ß®©bffi¡WkÂb¨”mn•™sT±“>¥FTk2022 M8[vw\]¶ß®©µ7CDˆf˘p6.4@Ikxf+16%kªºˆfbp36.5 5ækxf+7%kCDøffip1748Ikxf+9%kbffi¡W¬Sˆf˘•™cMs—CDdeQäk8[vw¶ß®©µ7CDˆfbCR10’p58%kxf-9pctkef7[÷cs¶ß®©í+—AeÿŸ|k