CITIC Securities: Considering current valuation and dividend yield levels, bullish on the future performance of leading home appliance companies.

CITIC Securities research report states that in the third quarter of 2026, the home appliance industry faced pressure in operations due to demand and raw material price fluctuations. By segment, CITIC Securities believes that in the third quarter of 2026, the performance of leading white goods companies may come under pressure; the performance of leading black goods companies may be relatively strong; the overall performance of the small home appliance and kitchen appliance industries is still awaiting recovery. Considering the current valuation and dividend yield levels, the outlook for the subsequent performance of leading home appliance companies is positive.