Chinese home appliances makers climb on expanded scope of trade-ins

GOME Retail Holdings

08/01/2025 03:39

** Chinese home appliances makers and distributors rise
    ** China will expand the scope of home appliance trade-ins
this year to 12 categories from eight last year, says vice head
of the country's state planner
    ** Consumers will get subsidies equivalent to 20% of the
sales price per one new home appliance this year
    ** Microwave ovens, water purifiers, dish washers and rice
cookers to be included in the trade-in scheme
    ** Shenzhen stock of Hisense Home Appliances  000921.SZ 
surges 2.9%, Shanghai shares of Haier Smart Home  600690.SS 
rises 2.5%, Gree Electric  000651.SZ  gains 1.6% and Midea
 000333.SZ  adds 0.4%
    ** Household appliances distributor Suning.com  002024.SZ 
climbs 0.5%, while GOME Retail  0493.HK  trades flat

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))