The revenue of the home appliance industry increased by 9.9%
2025-04-02
The reporter learned from the China Light Industry Federation that in the first two months, with the support of policies to expand domestic demand and promote consumption, the revenue and profit of the light industry have maintained double growth, and the industry has made steady progress. From January to February, the operating revenue of light industries above designated size reached 3.4 trillion yuan, a year-on-year increase of 4.4%. Achieved a profit of 196.71 billion yuan, a year-on-year increase of 0.6%. With the continuous transmission of policy effects to the supply side, the production of light industry related industries has rebounded and the market size has expanded, effectively driving the economic growth of light industry Zhang Chonghe, President of the China Light Industry Federation, introduced that from January to February, industries such as household appliances, electric bicycles, furniture and home decoration maintained rapid growth in production, revenue, and profits. Against the backdrop of the expanding coverage of the trade in policy, the household appliance industry saw a 9.9% increase in revenue and a 10.3% increase in profit from January to February. The profit growth rate of industries such as household kitchen appliance manufacturing and household refrigeration appliance manufacturing is nearly 20%. The profit of the chain industry of related products has grown rapidly, among which the profit of the manufacturing industry of specialized accessories for household electrical appliances has increased by 18.4%. Data shows that from January to February, the retail sales of household appliances and audio-visual equipment increased by 10.9%, maintaining double-digit growth since September last year. The policy of exchanging old for new consumer goods has effectively promoted industrial development and green transformation. The sales of high-efficiency and smart home appliances in the household appliances and audio-visual equipment category have maintained a high-speed growth trend, and the home appliance market has shown a clear trend of consumption upgrading. As of March 24th, consumers have purchased over 28 million units of 12 major categories of home appliances for trade in this year. Since the beginning of this year, there has been a continuous increase in the trade in of household appliances. At present, more than 20 regions across the country have included dryers, floor scrubbers, smart toilets, kitchen appliances, and other household appliances in the subsidy scope based on the 8+4 categories of household appliances that have clear national subsidy standards, to meet consumers' more diverse needs for updates and replacements. Let's take another look at the electric bicycle industry. Starting from January 1st this year, the policy of exchanging old for new electric bicycles will continue. According to relevant data statistics, as of March 18th, China sold 2.044 million old and 2.044 million new electric bicycles through trade in, driving new car sales of 5.61 billion yuan. Since the launch of the trade in program for electric bicycles in September 2024, a total of over 3.42 million old cars have been sold nationwide through trade in, with over 90% of the new cars being powered by lead-acid batteries Zhang Chonghe stated that by replacing high-risk old electric bicycles with qualified new ones, it effectively promotes the resolution of existing risk hazards. From January to February this year, the production growth rate of electric bicycles exceeded 50%, and the production growth rate of lead-acid batteries exceeded 10%. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:People's Daily
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