In the first quarter of 2025, the Chinese hardcover real estate market contracted significantly, shrinking to 61,000 units, a 42.1% year-on-year decline. Despite this trend, the adoption of smart home systems in these properties defied the broader market downturn, reaching 21,500 units with a configuration rate of 35.3%, marking a 4.5% increase from the previous year. The competition was fierce, with 17 brands participating, but the top 5 brands collectively dominated 77% of the market, a substantial 23.7% increase year-on-year. Domestic brands shone brightly, capturing 94.1% of the market share, with Huawei, Dnake, and CloudThink leading the pack. Foreign brands, on the other hand, accounted for only 5.9%, with Morgan and TCL-Legrand being notable exceptions. Notably, among newly launched high-end projects priced above 50,000 yuan, Huawei occupied a prominent position with 10 projects.