Shang Hai Zheng Quan Bao·2025-09-04 02:27Core Insights - The home appliance industry demonstrated resilience in the first half of the year, with 101 A-share listed companies achieving a total operating revenue of 867.06 billion yuan, a year-on-year increase of 8.32%, and a net profit attributable to shareholders of 70.08 billion yuan, up 12.85% [1] Group 1: Smart Appliances as a Growth Engine - Consumer interest in smart and digital technologies has significantly increased, with consumers willing to pay a premium for innovative products [2] - Haier's high-end brand, Casarte, integrated AI technology, resulting in over 20% revenue growth in the first half of the year [2] - Ecovacs and Roborock saw substantial growth in revenue and net profit, driven by continuous product iteration and high-end market capture [2] Group 2: R&D Investment and Diversification - A total of 325.88 billion yuan was invested in R&D by 101 A-share listed companies, marking a 9.56% increase year-on-year [3] - Midea Group led the industry with 252.33 billion yuan in revenue, a 15.58% increase, supported by diversified business operations [4] - Gree Electric's revenue from consumer appliances decreased slightly, while its industrial products and green energy segments grew by over 15% [5] Group 3: Global Expansion and Market Trends - The overseas revenue for 101 A-share listed companies reached 311.73 billion yuan, a 13.86% increase [6] - Midea Group's overseas revenue grew by 17.70%, while Haier and Gree also reported steady growth in international markets [6] - Emerging markets are benefiting from urbanization and consumption upgrades, leading to increased demand for smart and green appliances [7]