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Albany, NY -- (SBWIRE) -- 01/12/2015 -- From January to September 2014, Chinese home appliance revenues witnessed over 10.9% year-on-year growth to around 1.03 trillion RMB (US$170 billion), while operating profits topped around 40.2 billion RMB (US$6.55 billion), up 19.1%% year-on-year, according to China's MIIT (Ministry of Industry and Information Technology).
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Looking at production volume of individual home appliances from January to September 2014, about 73.9 million refrigerators were churned out, representing a 1.9% year-on-year growth; 122.9 million air conditioners were produced, up 13.4% year-on-year while 50.9 million washing machines were produced, down 3.8% year-on-year. As of September 2014, the sales of Chinese home appliances continued to be brisk, with sales ratio of 96.8% which declined 0.4% year-on-year; the accumulated export value arrived at around 259.9 billion RMB (US$42.3 billion), which represented 4.8% year-on-year growth.
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