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

Benefiting from deep empowerment by AI technology, diversified business expansion into overseas markets, and the rollout of policies such as “trade-in for upgrades,” China’s 2025 A-share consumer electronics and home appliance sectors overall have shown a steady repair trend. Companies are accelerating transformation and upgrading, gradually moving into a new stage of value improvement.

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

Diversified deployment lays a solid foundation for consumer electronics growth

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

With global AI compute power demand accelerating in its outbreak, it has become an important engine for industry growth. A group of consumer electronics companies such as Foxconn Industrial Internet and CoCreator Data have achieved rapid performance growth.

In 2025, Foxconn Industrial Internet’s revenue reached 902.89B yuan, up 48.22% year over year; net profit attributable to shareholders was 35.29B yuan, up 51.99% year over year. The company said that its high revenue growth is mainly attributable to the ongoing improvement in profitability of its cloud computing business; in 2025, the company’s cloud computing business recorded operating revenue of 602.68B yuan, up 88.70% year over year.

CoCreator Data achieved net profit attributable to shareholders of 1.16B yuan in 2025, with a year-on-year increase of 68.32%. This was driven by the company capturing opportunities for growth in demand for industry compute power infrastructure construction; its intelligent compute power products and services business segment delivered rapid revenue growth.

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

In 2025, Huaqin Technology completed a strategic upgrade of its “3+N+3” intelligent product big-platform strategy, building three major business matrices: a mobile terminal product lineup centered on intelligent smartphones, a digital productivity product lineup centered on personal computers, and a full-stack product lineup for data center infrastructure. The company’s shipments across its products increased significantly. In 2025, the company achieved net profit attributable to shareholders of 4.05B yuan, up 38.55% year over year.

In the consumer electronics terminal space, focusing on overseas markets and emerging markets has become a common choice for terminal brand enterprises such as Transsion Holdings and Edifier, but many companies have also been hit by rising storage prices. Taking Transsion Holdings as an example, affected by market competition and supply-chain cost factors, the prices of components such as storage have risen significantly. The company’s operating revenue and gross margin have declined; in 2025, net profit attributable to shareholders was 2.58B yuan, down 53.49% year over year.

Going overseas and premiumization open up growth space for home appliances

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

In 2025, multiple 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 of Arbonia, Toshiba Elevator’s China business, and Rukyo Medical’s international business, among others. In 2025, its ToB business revenue reached 122.8 billion yuan, up 17.5% year over year. The company’s overseas revenue in 2025 was 195.9 billion yuan, up 16% year over year. For the full year, it achieved net profit attributable to shareholders of 43.95B yuan, 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 iterations and business-structure optimization, continuously improving gross margins and market competitiveness.

In 2025, Haier Smart Home’s Leader lazy-wash three-cylinder washing machine sales exceeded 300k units, with its single model remaining number one in the industry; the total sales of its Maylang series refrigerators broke 1 million units, remaining number one in the premium market above 8,000 yuan. Based on this, the company achieved net profit attributable to shareholders of 300k yuan in 2025, up 4.39% year over year.