Core Insights - The retail value of household appliances and audio-visual equipment in August 2025 was 86.1 billion yuan, showing a month-on-month decline of 11.99% but a year-on-year increase of 14.3% [1] - From January to August 2025, the cumulative retail value of household appliances and audio-visual equipment reached 795.72 billion yuan, reflecting a year-on-year growth of 28.4% [1] Summary by Category - **Monthly Performance** - In August 2025, the retail value was 86.1 billion yuan, down 11.99% from the previous month [1] - Year-on-year, the retail value increased by 14.3% compared to August 2024 [1] - **Cumulative Performance** - The cumulative retail value from January to August 2025 was 795.72 billion yuan [1] - This represents a significant year-on-year growth of 28.4% compared to the same period in 2024 [1]

Core Insights - The report by Zhiyan Consulting highlights significant growth in the retail payment industry in China, particularly in the home appliances and audio-visual equipment sector, with a retail value of 140.33 billion yuan in June 2025, marking a month-on-month increase of 20.33% and a year-on-year increase of 32.4% [1] - For the first half of 2025, the cumulative retail value for home appliances and audio-visual equipment reached 608.55 billion yuan, reflecting a year-on-year growth of 30.7% [1] Summary by Category Retail Value Growth - In June 2025, the retail value for home appliances and audio-visual equipment was 140.33 billion yuan, showing a month-on-month growth of 20.33% and a year-on-year growth of 32.4% [1] - The cumulative retail value for the first half of 2025 was 608.55 billion yuan, with a year-on-year increase of 30.7% [1] Historical Data - The report includes historical data from 2015 to 2025, illustrating the cumulative retail value and growth trends in the home appliances and audio-visual equipment sector [1]