In 2026, the trade-in policy for consumer goods will usher in important changes, bringing new opportunities to industries such as smart homes.
In January, seven departments including the Ministry of Commerce issued a notice to promote policy expansion and upgrading to accurately stimulate domestic consumer demand and promote the transformation of the consumer goods industry.
On the basis of continuing the support for replacement of traditional home appliances, the New Deal includes smart home and aging-friendly home products into the scope of central fund subsidies for the first time.
The smart home market is booming.
According to Statista data, the global market compound growth rate from 2018 to 2024 will reach 19.57%. The Chinese market size will be US$32.4 billion in 2024. It is expected that domestic active users will reach 191 million in 2028, with a household penetration rate of nearly 39.2%.
In 2024, the domestic smart home appliance market will be 756 billion yuan and the smart security market will be 82.3 billion yuan, with growth rates of 3% and 13.05% respectively.
With the empowerment of AI and IoT technologies, the smart home industry is accelerating its transformation, and aging-friendly smart homes are riding the silver economic express. Policy dividends continue to be released, achieving two-way efforts to boost consumption and industrial upgrading.
Beijing Exchange’s smart home and other related targets include Audiway, Merui Technology, Vision Intelligence, Haifeiman, Lite Technology, Hongzhi Technology, Xinhuike, etc.
This week (March 16 to 20, 2026), the BSE 50 closed at 1316.14 points, with a weekly increase or decrease of -5.76%.
All five major industries of Kaiyuan North Exchange fell, among which consumer services had a weekly increase or decrease of -7.88%, which was in the middle of the range.
Among the secondary industries of consumer services on the Kaiyuan North Exchange, transportation and business services fell less than 5% this week.
In terms of individual stocks, some stocks such as Kaitian Gas (+13.55%) and Qingju Technology (+0.62%) had different performances.
As of March 20, 2026, there are 158 companies lined up on the Beijing Stock Exchange, including 24 companies related to the consumer service field. The average revenue scale in 2024 is 1.103 billion yuan, and the average net profit scale in 2024 is 127 million yuan.
The 2024 net profits of Shiyang Agricultural Science, Baili Food, Jule and Tongfu will exceed 200 million yuan.
Oulun Electric, Nanfang Dairy and Zhengda Seeds have passed the meeting.
Among the companies in the queue, Hualai Technology is related to smart homes and focuses on the three major business areas of intelligent vision, intelligent perception and control, and intelligent lighting.
As of June 24, 2025, the company has 216 domestic and foreign patents (including 43 invention patents) and 52 software copyrights.
In terms of performance, the company achieved revenue of 887 million yuan in 2024, -14.91% year-on-year; net profit attributable to the parent company was 82.5238 million yuan, +2.30% year-on-year; gross profit margin and net profit margin were 24.46% and 9.31% respectively.
The smart home industry has broad development prospects, but it also faces challenges such as the risk of changes in the macroeconomic environment, market competition risks, and data statistical error risks.
In the future, with the continuous advancement of technology and continued policy support, smart homes are expected to play a greater role in the consumer services field of the Beijing Stock Exchange.
