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Largest Home Appliances Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Midea Group, Gree Global, Haier, Supor and Hisense Home Appliances.
 | Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside of China. | $12 | +16% | $92B | $86B | 1.3x | 9.1x | ||
| Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China’s Zhuhai local government. Air conditioners remain the biggest contributor to Gree’s earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2025, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 18% of its total equity interest, while state-owned Zhuhai Gree Group owned about 3.5%. | $6 | -12% | $32B | $20B | 0.8x | 3.3x | ||
| Haier Smart Home is one of the largest household appliance manufacturers globally, with key products spanning refrigerators, washing machines, kitchen appliances, air conditioners, and water solutions. It has been consistently among the top three in China by retail sales in most home appliance categories. The company has also established a footprint in distribution channel services and commercial refrigeration business. Haier generates around 50% of sales outside China. As of December 2024, Haier Group and its subsidiaries are the largest shareholders of Haier Smart Home with around 29% equity interest in aggregate. | $3 | -12% | $27B | $26B | 0.6x | 5.0x | ||
| Supor is one of the largest kitchen electric appliance, cookware, and utensil manufacturers in China, with a business footprint in most Chinese provinces through online and offline channels. In 2007, France-based kitchen appliance producer Groupe SEB acquired 53% of Supor’s shares and became its controlling shareholder. Groupe SEB held 83% of Supor’s equity interest in 2024. Aside from domestic presence, Supor generates about 30% of revenue from North American, Latin American, European, and Asian markets, mainly through Groupe SEB’s distribution network. | $7 | -12% | $5B | $5B | 1.5x | 12.2x | ||
| Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from China. | $4 | +7% | $5B | $2B | 0.2x | 2.0x | ||
| Ecovacs Robotics Co Ltd is engaged in research and development, design, production, and sales of various types of household service robots, small cleaning appliances, and other intelligent household equipment and related components. The company offers service robots under the Ecovacs brand, including products such as robotic vacuum cleaners, window cleaners, air purifiers, and lawn mowers. Through its Tineco brand, it provides smart home appliances like floor scrubbers, vacuum cleaners, food processors, and air-conditioning and heating devices. | $8 | -1% | $5B | $4B | 1.4x | 11.6x | ||
| Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in research and development, manufacturing, and marketing of various series of products, including TVs, refrigerators, air conditioners, cell phones, electronic components, compressors, and IT-integrated service businesses represented by mass distribution of digital products and cloud computing value-added services. | $1 | -27% | $5B | $4B | 0.2x | 5.8x | ||
| Beijing Roborock Technology Co Ltd is engaged in design, research and development, production (through commissioned processing), and sales of intelligent hardware such as intelligent cleaning robots. The company’s key products include Xiaomi’s customized Mi Home intelligent cleaning robots and handheld wireless vacuum cleaners, along with its own Roborock and Xiaowa-branded intelligent cleaning robots. | $15 | -32% | $4B | $3B | 1.1x | 11.7x | ||
| AUX Electric Co Ltd is one of the air conditioner providers, with capabilities covering the design, R&D, production, sales and related services of household and central air conditioners. It is a key player for smart-enabled air conditioners within the industry, maintaining technology capabilities such as voice recognition and semantic understanding. | $1 | -- | $2B | $1B | 0.3x | 2.4x | ||
| Hangzhou Robam Appliances Co Ltd is a China based company developing manufacturing and selling household electrical kitchen appliances in China. Some of its products include hood, stove, utensil, disinfection cabinet, electric oven, dishwasher and among others. The company earns majority of its revenue from sale of electrical kitchen appliances. | $2 | -14% | $2B | $2B | 1.1x | 6.6x | ||
| Shanghai Flyco Electrical Appliance Co Ltd is a China-based company engaged in the manufacturing and marketing of shaver and personal care electrical appliances. Its product portfolio comprises of the shaver, hair drier, hair clipper, hair straightener, hair curler, electric iron, garment steamer, lint remover, nose hair trimmer, robot vacuum cleaner and others. The company's products are sold in China and other countries. | $5 | -3% | $2B | $2B | 3.3x | 16.9x | ||
| Kingclean Electric Co Ltd is a China-based company engaged in manufacturing and selling of vacuum cleaners. It also offers garden tools, car motor, hard floor polisher, carpet washer and small home appliances like food cooking machine, juicer, and soymilk maker. The company operates three categories of its core business, High-speed motor and automobile motor, Cleaning appliance and kitchen appliance, and Garden tool products. | $4 | +15% | $2B | $3B | 2.0x | 13.2x | ||
| Bear Electric Appliance Co Ltd is engaged in the design, processing, manufacturing and sale of household appliances, electronic products and accessories, maternity and children's products, daily necessities and other related products. | $5 | -- | $826M | $496M | 0.6x | 4.6x | ||
| Senci Electric Machinery Co Ltd engages in research, development, manufacturing and sale of small generators, general gasoline engines and their terminal products. The company manufactures generators, starters, motors, inverters, internal combustion engines, generator sets, air compressors, washing machines, garden machinery and equipment, welding equipment, lighting equipment, uninterruptible power supplies, electronic components, microelectronics , mechatronic products and gasoline and diesel engine parts, power tools, electric vehicle parts, auto parts, motorcycle parts, general machinery, construction machinery and equipment; surface treatment of machine parts; sales of steel, building materials. | $3 | -- | $674M | $627M | 1.4x | 16.8x | ||
| Viomi Technology Co Ltd, along with its subsidiaries, specializes in the development and sale of Internet-of-Things-enabled smart home products, particularly focusing on home water solutions. The company markets its products in China and generates the majority of its revenue through the sale of smart water purification systems and other connected home devices designed to improve convenience and automation in residential settings. Its product offerings include water purification products, water heaters, smart water kettles, electric kettles, water filters, range hoods, gas stoves, and other small appliances. | $1 | -25% | $68M | ($84M) | (0.2x) | (3.3x) | ||
| Median | $4 | -12% | $4B | $3B | 1.1x | 6.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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