Home appliance industry brief from Jan-August 2020

As coronavirus gradually gets contained, China’s home appliance industry rallies with a narrowed falling rate. From January to August 2020, the industry posted revenue of 872.33 billion Yuan, down by 9.4% year-on-year, and profit of 65.97 billion Yuan, down by 10.3% year-on-year, according to...

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Rapid heating electric water heater sector, a dark horse in broad sluggishness

Despite the broad sluggishness of water heater market amid the outbreak in H1 2020, rapid heating electric water heater sector stood out with a rise in sales, making it a dark horse of the industry.

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Data | Integrated stove sector saw sales volume of 0.755 million units in H1 2020

Integrated stove market posted sales volume of 0.755 million units and sales value of 5.62 billion Yuan, down by 5.8% and 8.3% YoY respectively. Channel wise, offline market saw a dive of 20% YoY in sales volume and 18% YoY in sales value while online market witnessed a surge of 33% YoY in sales...

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Data | Smart toilet sector saw growth in fine decoration real estate market in H1 2020

As of June 2020, new fine decoration real estate projects posted 1.083 million, down by 33.3% YoY, of which those with smart toilet installed up by 7.9% YoY to 0.185 million, accounting for 17% of total, up by 6.5% YoY.

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China’s air conditioner industry saw FY2020 ended in gloominess

China’s air conditioner market started to rally in Q2 after a sluggish first quarter. In August, FY 2020 (from August 2019 to July 2020) or the so-called Cold Year 2020 of Chinese air conditioner industry ended with a 10-year low plunge in market size...

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