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Samsung has announced the suspension of all household electricity products in mainland china

2026-05-12 03:071570NameNetworking

Economic reporter wu liyang of the 21st century

On 6 may, samsung electronics issued a business adjustment notice on the official network, stating that, in response to the rapidly changing market environment, it had been carefully studied that samsung electronics had decided to stop selling all household electrical products containing television and monitors on the mainland market of china。

For users who have purchased samsung electric products, companies will continue to provide regular after-sales services to users in strict compliance with the relevant laws and regulations, such as the consumer rights protection act, the three-pack state regulations and so forth, so that their legitimate rights and interests are not affected。

Tristar w2026 quote

On the same day, samsung electronics published a financial statement for the first quarter of 2026 dollars. According to the financial data, during the reporting period companies received 133. 9 trillion won (approximately 63. 2 billion yuan), an increase of 43 per cent in the ring and 69 per cent in the same period; profits from business amounted to 57. 2 trillion won (approximately 26. 43 billion yuan), an increase of 185 per cent in the ring and 756 per cent in the same period; and net profits amounted to 47. 23 trillion won (approximately 22. 29 billion yuan), an increase of 474. 3 per cent in the same period。

It was also the day that samsung electronic stock prices rose significantly by more than 12 per cent, with the company's market value officially reaching the “ trillions of dollars club”。

As one of the leading foreign investors in the mainland market, samsung missed the china national electronics and consumption fair (awe) in shanghai last march。

It is worth noting that, despite recent competition in china's brand name, samsung electricity, in particular television, monitors, etc., remains at the top of the market。

According to the latest report of the marketpoint research, samsung electronics in 2025 ranked among the top of all black brands, accounting for 17 per cent of the global television market (a percentage point decline in the same year) and the top of the global television brand for 20 years. At the same time, however, the gap between samsung’s own market share and china’s brand share is narrowing。

Information from the official network and electrician platforms indicates that samsung's electrical products sold in mainland china mainly include television, refrigerators, washing machines, dryers, clothing-care machines, etc。

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