AWE2026 focuses on AI and robotics, Home Appliance ETF Bosera rises 1.17%

(Source: Caiwen)

          Institutions believe that the home appliance export chain is entering a development window, with the clearing of the domestic sales pattern and the redefinition of products for overseas markets being the main investment themes.            

As of March 24, 14:54, the Shanghai Composite Index rose 1.74%, the Shenzhen Component Index rose 1.38%, and the ChiNext Index rose 0.42%. In terms of ETFs, the home appliance ETF from Bosera (159730) rose 1.17%, with component stocks such as Vatti Corporation (002035.SZ) and Hesheng New Materials (002290.SZ) rising over 5%. Other stocks like Bear Electric (002959.SZ), Changhong Meiling (000521.SZ), Joyoung Co., Ltd. (002242.SZ), Foshan Lighting (000541.SZ), Reway Co., Ltd. (603075.SH), Hisense Home Appliances (000921.SZ), Supor (002032.SZ), and Xinbao Co., Ltd. (002705.SZ) also saw increases.

In terms of news, the 2026 China Home Appliance and Consumer Electronics Expo, themed “AI Technology for a Smart Future,” is being held in Shanghai. This year’s exhibition focuses on the innovative applications and integration trends of AI technology in home scenarios, with various robotic products covering diverse areas such as home services and educational companionship, making future smart living seem within reach. AWE2026 is certainly the edition with the “highest robot content,” showcasing a visual feast of smart technology alongside traditional home appliances and professional embodied intelligent companies.

Guotai Junan Securities stated that the industry online air conditioning data has been released, showing a narrowing decline in domestic sales and resilient support for exports. Cumulatively, from January to February 2026, the production of home air conditioners was 32.824 million units, a year-on-year decline of 2.2%; sales were 33.32 million units, a year-on-year decline of 0.8%; exports were 19.253 million units, a year-on-year increase of 2.1%; and domestic sales were 14.067 million units, a year-on-year decline of 4.4%. Although there was a slight decline in domestic sales from January to February 2026, it was better than the previous production expectation of -13%. A new round of national subsidies is in progress, but the stimulating effect is diminishing; exports have shown a slight recovery, benefiting from the gradual release of overseas restocking demand, steady economic recovery in emerging markets, easing tariff pressures with the U.S., and the normalization of high-temperature weather leading to continuous rigid growth in cooling demand.

Orient Securities indicated that customs data shows that from January to February 2026, both heat pump and home appliance export data have strengthened, with heat pump exports maintaining positive growth for 22 consecutive months, and home appliance exports ending a 10-month declining trend, with multiple categories of large appliances recovering and steady growth in emerging markets. On one hand, geopolitical conflicts are driving Europe’s transition to clean energy, with clear replacement and penetration rate targets for heat pumps, which is favorable for the long-term development of the heat pump industry. On the other hand, western oil supply is relatively hindered, and the cost advantages of downstream materials in China’s petrochemical industry are gradually becoming evident. With multiple favorable conditions such as policy support in target markets, catalyzed energy prices, and cost advantages, China’s home appliance export chain may welcome a development window period.

For abundant information and precise analysis, check out the Sina Finance APP.