Prosperity Index in Home Appliance Sector to See A Turning Point

Huaxi Securities recently pointed out in a research report that from the perspective of demand, the current consumer demand for home appliances is still in a downturn. However, as China focuses on expanding the domestic demand, the demand for home appliances may be released after the impact of the pandemic fades.

It is expected that the prosperity index in the home appliance industry will see an inflection point. The demand recovery will bring about an increase in the valuation of the home appliance industry in the future.