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CN SAT: 11M25 Retail Sales Rev. of Communication Equipment / Home Appliances Hike 20%+ YoY
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Driven by policies such as the trade-in initiative, consumption demand continued to be released YTD, according to the latest tax revenue data from China's State Administration of Taxation (SAT). Sales of products such as home appliances and NEVs maintained faster growth, while sectors like cultural tourism and sports also showed higher consumer enthusiasm. In 11M25, retail sales revenue of mobile phones and other communication equipment/ refrigerators and other home appliances increased by 20.3%/ 26.5% YoY respectively, according to invoice data. Consumption of NEVs also continued to improve, with sales revenue of new energy passenger vehicles growing by 19.1% YoY. AASTOCKS Financial News Website: www.aastocks.com |
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