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Central China: The home Sector is expected to benefit from real estate and Consumer policy support, upgrading the Industry rating to "Outperform the Market."
With the continuous implementation of real estate and consumer promotion policies, there has been marginal improvement in real estate sales volume and prices, and there is a significant boost in consumption related to trade-ins, indicating there is still room for recovery in the future.
Express News | Dongxing Securities: The subsidy policy for replacing old home products with new ones shows initial results.
Ping An Securities Light Industry and Textile Clothing 2025 strategy: Focus on the dual main lines of valuation bottoms in sports and outdoor as well as home furnishings.
The current valuation of the textile Outfits Sector is in a low oscillation period, and the market has fully priced in the pessimistic expectations for downstream; the light industry Sector's valuation is recovering positively, and the valuation is expected to maintain an upward trend.
Oppein Home Group Inc. (603833): Actively深化 global strategy to lead a new model of home development.
Overview: Deepen the global strategy of integrated home furnishing, leading a new model for home development. Oppein home group inc. is a leading one-stop high-quality home comprehensive service provider in China, mainly engaged in personalized design, research and development, production, sales, installation, and interior decoration services for whole-home furnishings.
Oppein Home Group Inc. (603833): Improvement in profitability, expecting effects from the old-for-new exchange.
The company's profitability has improved. In Q1-3 of 2024, the company achieved revenue of 13.88 billion yuan, a year-on-year decrease of 16.2%; net profit attributable to the parent company was 2.03 billion yuan, a year-on-year decrease of 12.1%; and net profit after deducting non-recurring gains and losses was 1.76 billion yuan.
Guosen Securities: Light industry operations under pressure in Q3, business climate bottoming out, looking forward to trade-in programs to improve domestic demand.
In the third quarter of 2024, the total revenue of listed companies in the home sector decreased by 2.7% year-on-year, net income attributable to the parent decreased by 23.5% year-on-year, the gross margin decreased by 2.5 percentage points to 31.0%, and the net margin decreased by 2.0 percentage points to 7.4%.