Over 80% of consumer electronics and home appliance A-share companies will become profitable by 2025

Benefiting from the deep empowerment of AI technologies, diversified expansion of business and overseas markets, and the rollout of policies such as “trade-in for upgrades,” the overall consumption electronics and home appliance sectors in the 2025 A-share market have shown a steady recovery trend. Companies are accelerating their transformation and upgrading efforts and gradually moving into a new stage of value improvement.

Choice data shows that as of 19:00 on April 1, among 35 A-share consumer electronics companies that have disclosed their 2025 performance, 30 are profitable and 18 are seeing positive year-on-year growth; among 34 home appliance companies that have disclosed their 2025 performance, 32 are profitable and 13 are seeing positive year-on-year growth. Overall, more than 80% of A-share consumer electronics and home appliance companies achieved profitability in 2025, with leading companies and innovative firms performing especially well.

Diversified layout lays a solid foundation for growth in consumer electronics

Data shows that among the 35 consumer electronics companies above, 18 have achieved positive year-on-year growth in their results and 2 have turned losses into profits. The industry’s overall earnings resilience is evident, and its development outlook remains steady.

The rapid surge in global AI computing power demand has become an important growth driver for the industry. A number of consumer electronics companies, including Foxconn Industrial Internet and Chengchuang Data, have achieved rapid growth in their performance.

In 2025, Foxconn Industrial Internet’s revenue reached RMB 902.87 billion, up 48.22% year over year; its net profit attributable to shareholders was RMB 35.29B, up 51.99% year over year. The company said that its high growth in performance was mainly due to the continuous improvement of profitability in its cloud computing business. In 2025, its cloud computing business revenue reached RMB 602.68B, up 88.70% year over year.

Chengchuang Data achieved a net profit attributable to shareholders of RMB 1.16B in 2025, with a year-on-year increase of 68.32%. This was attributed to the company seizing opportunities arising from the growth in demand for industry computing power infrastructure construction. Its intelligent computing power products and services business segment delivered rapid revenue growth.

Meanwhile, many leading companies have been laying out diversified intelligent manufacturing businesses, continuously strengthening their profit base and injecting stable momentum into the industry’s development.

In 2025, Huaqin Technology completed a strategic upgrade of its “3+N+3” intelligent product platform, building three business matrices: a lineup of mobile terminal-type products centered on smart phones, a lineup of digital productivity products centered on personal computers, and a full-stack lineup of data center infrastructure products. The company also saw a significant increase in the shipment scale of its products. In 2025, the company achieved a net profit attributable to shareholders of RMB 4.05B, up 38.55% year over year.

In the consumer electronics terminal field, deepening efforts in overseas markets and emerging markets has become a common choice for terminal brand companies such as Transsion Holdings and Edifier, while many companies have also been hit by rising storage prices. Taking Transsion Holdings as an example, due to market competition and supply-chain cost pressures, the prices of components such as storage have risen significantly. As a result, the company’s operating revenue and gross margin have declined. In 2025, its net profit attributable to shareholders was RMB 2.58B, down 53.49% year over year.

Overseas expansion and premiumization unlock growth space for home appliances

In the home appliance segment, as of 19:00 on April 1, a total of 34 companies have disclosed their 2025 performance. Among them, 32 companies are profitable, and 13 companies have achieved positive year-on-year growth.

In 2025, many A-share home appliance companies such as Midea Group and Haier Smart Home carried out overseas capital operations and industrial integration, providing incremental support for performance growth.

Taking Midea Group as an example, the company completed acquisitions including Arbonia, Toshiba Elevator’s China business, and the international medical business of Ricon. In 2025, its ToB business revenue reached RMB 122.8 billion, up 17.5% year over year. The company’s overseas revenue in 2025 was RMB 195.9 billion, up 16% year over year. For the full year, it achieved a net profit attributable to shareholders of RMB 43.95B, up 14.03% year over year.

Premiumization has also become an important growth logic in the home appliance industry. Many listed companies have focused on product innovation iteration and business structure optimization, continuously improving gross margins and market competitiveness.

In 2025, Haier Smart Home’s Leader lazy-wash three-tube washing machine sold more than 300k units, with a single model maintaining the #1 position in the industry; the total sales of the Maileang series refrigerators exceeded 1 million units, securing the #1 position in the premium market above RMB 8,000. Based on this, in 2025 the company achieved a net profit attributable to shareholders of RMB 300k, up 4.39% year over year.