According to the statistics of China Small and Electrical Motors Association of China Electrical Industry Association, last year China's small and medium-sized motor industry achieved a total industrial output value of 59.82 billion yuan, an increase of 13.8% over the previous year. The total output reached 1966.44 million kilowatts, an increase of 21.098 million kilowatts. The sales revenue was 60.419 billion yuan, an increase of 7.456 billion yuan, an increase of 14.1%. Among the 69 companies in the statistics, 56 companies increased production, accounting for 81.16% of the total number of enterprises, and 12 companies reduced production, accounting for 17.39% of the total number of enterprises. Sales of 58 companies increased, accounting for 84.06% of the total number of companies. The industry achieved a profit of 3.702 billion yuan last year, an increase of 372 million yuan or 11.2% over the previous year. Last year, the industry exported 3.049 million kilowatts of motor, an increase of 6.776 million kilowatts, an increase of 29.1% over the previous year; the export of motor revenue was about 5.23 billion yuan, an increase of 1.24 billion yuan or 31.2% over the previous year. "China's motor industry has broad prospects for development. Nowadays, there are fewer and fewer enterprises engaged in traditional motor production in developed countries such as the United States. They do not produce motors and import motors from abroad. This has brought huge business opportunities to China. In other words, China is likely to become the manufacturing plant of the world's electric motor in the future." Yan Yongbin, president of China General Machinery Industry Association, said publicly.
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