The "trade-in" stimulus effect has weakened, and Vatti's profits have shrunk by over 30%.
``` After the "Trade-in" policy's stimulating effect weakened, the kitchen appliance market is entering a brutal stage of stock competition. On April 28, Vatti Co., Ltd. released a rather heavy 2025 report card: total revenue for the year was 5.648 billion yuan, down 11.36% year-on-year;