Cathay Securities and Haitong Securities: In the first half of 2025, leading home appliance brands operate steadily, and the impact of tariff disturbances is diminishing

CITIC Securities released a research report stating that the home appliance industry’s Q2 performance exceeded expectations, mainly concentrated in small appliances and cleaning appliances, and gave an "Overweight" rating. The short-term impact of tariffs is diminishing, and leading brands in white goods and cleaning appliances are operating steadily. It is recommended to pay attention to companies expanding overseas, with stable and improving performance, leading high dividends, and cross-industry expansion. In Q2 2025, the revenue growth rate for white goods is +5.8%, and for cleaning appliances, it is +31.5%. The overall overseas revenue proportion is 39.5%, with accelerated new business expansion

VATTI: The net profit for the second quarter was 272 million yuan, a year-on-year decrease of 9.19%

VATTI announced that the operating revenue for the second quarter was 2.8 billion yuan, a year-on-year decrease of 9.71%; the net profit was 272 million yuan, a year-on-year decrease of 9.19%

VATTI: Currently, no ultrasonic dishwasher products have been launched

On August 15th, VATTI stated on the interactive platform that the company has not yet launched ultrasonic dishwashers. The company did conduct ultrasonic technology reserves in previous years and applied for relevant patents. Following a comprehensive assessment of changes in the market environment, development needs, costs, and other dimensions, the productization process of the relevant technology has been temporarily postponed

The kitchen and bathroom appliance sector sees a short-term surge, with Vanward hitting the limit up

The kitchen and bathroom appliance sector saw a short-term surge, with Vanward hitting the limit up, while VATTI, Entive, Marssenger Kitchenware, Zhejiang Meida, and SANFER ELECTRIC all rose significantly

SWS Research downgraded VATTI Co., Ltd. to "Buy"