Core Insights - The National Standardization Administration has approved new national standards for smart home appliances, which will be implemented on May 1, 2026, focusing on "smart capabilities" and "application scenarios" [1][5] Group 1: Industry Growth - As of November 19, there are 22.23 million existing home appliance-related companies in China [1][5] - The registration of related companies has shown an overall growth trend over the past decade, with 2023 seeing a record registration of 5.51 million companies, a year-on-year increase of 49.80% [5] - For 2024, the registration volume is expected to decline but remain high at 5.216 million [5] Group 2: Recent Registrations - In 2023, 4.8022 million companies have been registered so far, with 4.5303 million registered in the first ten months, reflecting a year-on-year growth of 6.94% [2][5] Group 3: Company Age Distribution - Most home appliance-related companies have been established in the last three years, with those aged 1-3 years making up 32.07% of the total [6][8] - Companies established within the last year and those aged 5-10 years account for 22.91% and 18.45%, respectively [8] Group 4: Regional Distribution - Home appliance-related companies are primarily concentrated in the East China region, accounting for 30.21% of the total [9][11] - The South China and Central China regions follow, with 19.96% and 19.27% of companies, respectively [11]