In July 2019, the total production and sales volume of China's air conditioning motor industry was 28.79 million units, down 5.6% year-on-year and down 11.6% quarter-on-quarter. In fiscal 2019, the cumulative sales volume was 235.097 million units, down 1.6% year-on-year; In 2019, a total of 35,7286 million units were accumulated in cold year, down 4.7% year-on-year.

Domestic market: Domestic sales of air conditioning motors in July 24.069 million units, down 11.1% month-on-month, down 8.4% year on year. This month, the domestic sales market of air conditioning motors continued to decline, with a decline in both quarters. Overall, the overall development of the cold year in 2019 showed a trend of high before and low after the cold year, and the domestic sales market ended the year with a decline, down 7.5% year-on-year. In July, from the downstream air conditioning market, by the domestic economic downturn in recent months, real estate policy tightening and the impact of large-scale rainfall in the middle of the country, terminal sales have always been lower than expected, resulting in domestic inventory continued to rise slightly, destocking effect is small, enterprises have begun to fully start the control of production promotion strategy. In this case, the direct procurement of upstream air conditioning motors has plummeted. In the future market, under such a huge inventory pressure on the entire industry, the production end will face a downward trend, and the air conditioning motor is expected to continue the downward trend in the second half of 2019.

Export market: The export volume of air conditioning motors this month was 4.721 million units, an increase of 11.5%, and a decline of 14.3%. This month, the export market with the depth of the off-season, the month-on-month decline further expanded, but by the influence of the tepid development of the export market last year, it still maintained a growth trend. The export market is expected to maintain a slight downward trend next month.