The Zhitong Finance App learned that Saite New Materials (688398.SH) rose more than 6% in early trading. As of press release, it had risen 6.4% to 17.61 yuan, with a turnover of 15.917,500 yuan.
According to the news, the new energy efficiency regulations for refrigerators were officially implemented in June 2026. The energy efficiency of refrigerators under the new standard is expected to increase by about 40%. At the same time, the new regulations add volume utilization requirements, so the performance advantages of VIP materials are perfectly suited. Cathay Pacific Haitong Securities pointed out that according to the company's semi-annual report, the VIP penetration rate for domestic refrigerators and freezers was previously only in single digits. The short-term release of new production capacity in the industry has intensified price competition, and we believe that the share of leading companies with advantages in scale, technology, and customer in the medium to long term is expected to be further concentrated.
Changjiang Securities, on the other hand, said it is looking forward to seeing corporate flexibility brought about by the expansion of the vacuum insulation board market under the new standard. The space for this round of bid raising was greatly increased. Currently, the penetration rate of VIP materials for domestic refrigerators is less than 5%. If we target Europe, Japan, and South Korea, it has great potential. As the top in the global industry, SAITE New Materials has a lot of room for future flexibility and share growth.