State of the Small and Medium Engine Industry in the First Half of 2025: Mid-Year Progress Report

1. Production-sales activities

 

In the first six months of 2025, the industry demonstrated strong growth in key indicators. Total production volume reached 13.64 billion kW, which is 3.1% higher than last year. Sales volume amounted to 13.55 billion kW, showing an increase of 4.9%. Industry revenue reached 37.42 billion yuan, an increase of 4.4%.

• Production structuredistributed as follows:
• Small electric motors- 8.26 billion kW (1.8% decrease)
• Medium and large electric motors- 3.79 billion kW (1.7% increase)
• Generators- 1.24 billion kW (significant increase of 61.3%)

The industry showed good financial results:

• Total profitamounted to 2.2 billion yuan (an increase of 11.1%)
• Production profitabilityreached 6.3%, an increase of 0.4 percentage points Among 56 enterprises:
• 49 companies (87.5%) are profitable
• Only 7 enterprises (12.5%) show losses

Export figuresshow positive dynamics:

• Export production- 1.39 billion kW (1.7% increase)
• Export sales- 1.43 billion kW (6.9% increase)
• Export earningsreached 3.71 billion yuan (an increase of 10.4%)

Key financial indicators:

• Accounts receivable- 22.4 billion yuan (up 6.2%)
• Accounts payable- 19.17 billion yuan (1.5% increase)
• Inventory- 20.52 billion yuan (up 1.7%)

Notably, finished goods inventories decreased by 4.6% compared to last year.

There are multidirectional dynamics of prices for basic materials:

• Silicate steelfell in price by 8.2%
• Electromagnetic wireremained almost the same level
• Aluminum scrapincreased in price by 1.5%
• Cast iron partsdecreased in price by 3.6%

Comprehensive Performance Indexreached a value of 261.9, showing an increase of 7.5 percentage points compared to the same period last year.