How many electric bicycles are sold each year?
This year, the bicycle industry has withstood the impact of the epidemic, on the basis of prevention and control of the epidemic, strongly promote the work of recovery, reproduction and orderly recovery of the market, and strive to minimize losses, some operating indicators reached or even exceeded the level of the same period last year, showing a trend of recovery growth.
Production situation continues to improve, the growth rate of electric bicycle production from negative to positive growth. January to May, bicycle production above-scale enterprises 14.81 million units, down 1.8% over the same period last year; electric bicycle enterprises above 859,400 units, up 1.2% over the same period last year. The decline in bicycle production continued to narrow, down 11.8 percentage points from January to April, of which 42.55 million units were produced in May, an increase of 44.6% over the same period last year. The production of electric bicycles turned from negative to positive growth in the same period last year, and production returned to normal track, creating a good start for the third quarter to enter the traditional peak season.
Profits rose sharply and economic efficiency picked up steadily. from January to May, bicycle enterprises accumulated revenues of 17.18 billion yuan, down 7.1% from a year earlier, and profits of 540 million yuan, down 0.8% from a year earlier. Electric bicycle enterprises accumulated revenue of 28.63 billion yuan, an increase of 8.2% over the same period last year, profits of 1.47 billion yuan, an increase of 20.8% over the same period last year. Bicycle industry profits fell less than the decline in revenue, the industry profit margin has improved. The electric bicycle industry achieved positive growth in revenue and profits, with profits achieving double-digit growth, quickly reversing the downward trend since the beginning of the year.
The decline in exports continues to narrow, and the trend of stabilization and recovery is clear," he said. from January to May, 17.737 million bicycles were exported, down 17.9% from the same period last year; total exports were $1.012 billion, down 16.9% from the same period last year; the average unit price of exports was $57.1, up 1.2% from the same period last year. Bicycle exports fell 6.9 percentage points year-on-year, down 6.7 percentage points from the previous month. Electric bicycle exports 547,000 units, down 9.6% year-on-year, down 11.2 percentage points from January to April. Total exports of parts and accessories were $958 million, down 17.4% year-on-year and 2 percentage points from last month.
All in all, the bicycle industry is expected to achieve positive growth in revenues, profits and other economic indicators in the first half of the year, with exports narrowing further to less than 10%, and is expected to achieve negative positive growth in the third quarter.