Zhongjin: The new round of old-for-new policy has been implemented, and we are optimistic about the recovery of home and 3C consumer goods.

Jinshi data news on January 6th, Zhongjin published a report, the mainland’s new round of old-for-new policy landed, believing that the expansion of policy intensity and subsidy scope is expected to further stimulate the consumption demand of related categories, while the improvement of the subsidy mechanism will also lower the threshold for enterprise participation, and the expected popularization of the policy will further increase, driving the continuous recovery of home decoration and consumer electronics packaging demand. The report stated that the driving factor of last year’s home decoration subsidy policy was 1.17 to 1.75. Leading home furnishing companies in October and November both experienced significant warming in orders and sales, and it is expected that the expansion of subsidy intensity may push the driving factor to rise, while leading home furnishing companies are actively participating in the old-for-new policy, continuously promoting category expansion and channel integration, therefore, the performance is expected to quickly rise this year. The report mentioned that it is optimistic about the recovery space of consumer electronics packaging demand. Recently, Jiangsu, Guizhou, Hangzhou and other places have successively launched old-for-new subsidy activities for consumer electronics, which has a good boosting effect on consumer electronics demand, believing that Yutong Technology, as a leading global consumer electronics packaging company, is expected to directly benefit from the industry’s recovery.