Oriental Securities: Concentration of domestic sales of floor scrubber shares continues. Overseas markets continue to grow.

Oriental Securities released a research report stating that overall, in the second quarter, the domestic floor sweeping machine market witnessed a slight decline in retail scale affected by the 618 promotion, as the high base number was set last year. The industry share is highly concentrated, with the top two leading brands collectively holding nearly 70% of market share, highlighting the oligopoly competition pattern. The global market for floor sweeping machines is showing a growth trend, with the market share in China continuing to concentrate on CR2, while overseas markets are growing but facing fierce competition. The overseas expansion of floor sweeping machines is expected to create a new growth curve. Relevant stocks to watch include Ecovacs and Stone Technology.