2022 Home Appliances Industry Profits Grow by 19.9% Year on Year

According to China Household Electrical Appliances Association (CHEAA), the home appliance industry in China saw total revenues up to RMB 1.75 trillion (about US$
254.08 billion) in 2022, growing by 1.1% year on year; total profits came to RMB 141.8 billion (about US$ 20.59 billion), growing by 19.9% year on year.