China's home appliance industry saw profit up by 14.9% to 79.9 billion Yuan from Jan to Aug 2019
China's home appliance industry saw combined revenue of 1051.3 billion Yuan from January to August 2019, a year-on-year growth of 4.7%, and combined profit of 79.9 billion Yuan, a year-on-year growth of 14.9%, according Ministry of Industry and Information Technology. When it comes to breakdown...
Read More →China's air conditioner market saw sluggish performance in FY 2019
The 2019 financial year (from August 2018 to July 2019) or the so-called Cold Year of China's air conditioner industry ended with sluggish performance, posting sales value of 195.6 billion Yuan, down by 3.6% year-on-year, and sales volume of 56.77 million units, down by 1.7% year-on-year, according ...
China's AI chip market to exceed 12b yuan in 2019
China's market of artificial intelligence (AI) chips is expected to reach 12.4 billion yuan (about $1.73 billion) in 2019, a 50-percent year-on-year growth, according to a report released on August 30 2019...
Read More →China's home appliance sector expands in H1
The output and sales of China's home appliance saw a stable growth in the first half of the year, an industry report showed. Domestic retail sales reached 429.7 billion yuan ($62.28 billion) during the period, with over 40 percent contributed by online sales, according to a report released by the...
Read More →Data| Refrigerator market saw a slight fall in sales value while a rise in volume in H1
Retail sales value of refrigerator in Chinese market posted 45.8 billion Yuan, down slightly by 0.3% while retail sales volume posted 16.31 million units, up by 2% year-on-year.
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