At that time, the international economic development situation was tortuous and ever-changing, and developed countries were targeting high-end shopping malls. The emergence of high-tech, high-tech, and high-value added goods helped these developed countries win a large market share. In the past, China's AC voltage regulator market has always been wandering in the middle and low-end categories. With the development of social changes over the years, industrial production has put forward higher standards for AC transformers. Therefore, the export volume of medium and low-end AC voltage regulators produced in our country has sharply decreased, making it difficult for the company to carry out operations.
Overall, in 2015, China's AC voltage regulator market still showed a steady but rising development trend. Data shows that the total industrial output value in 2015 was 17.75 trillion yuan, an increase of 30.5% year-on-year; Realized a net profit of 1.6 trillion yuan, a year-on-year increase of 26.25%; The total import and export volume reached 685.2 billion US dollars, an increase of 23.56% year-on-year. However, these data still show a slowing trend compared to the high-speed increase in previous years. How to prevent the further expansion of the downward trend is worth considering for manufacturers.
There is also data indicating that the increase in the export volume of AC voltage regulators in China has slowed down. This indicates a lack of supply in high-end AC voltage regulator malls, which cannot meet the international community's demand for high-quality and efficient products. The trade deficits with Germany and Japan are as high as 61.5 billion US dollars and 51.2 billion US dollars respectively, indicating that there is still a significant gap between China's communication regulator and developed countries.
The communication voltage regulators in developed countries started early, developed quickly, have a large talent reserve, and strong innovation ability, so they have been monopolized by the market for a long time. The global promotion network with tentacles has also begun to take shape, and the outstanding promotional effect combined with highly competitive products have always kept the communication voltage regulators produced abroad in an unstoppable position. On the other hand, in the domestic market for communication voltage regulators, there is a weak ability for self-reliance and innovation, a shortage of talent, low added value of products, and an incomplete promotion network, which has left China's communication voltage regulators in the middle and low-end position for a long time. Weak earnings and limited profit margins make it difficult for many small and medium-sized companies to move forward.
The key to breaking this predicament in the power equipment profession lies in developing high-end products and conducting key research and development on high-tech products. It's possible to get a share of the pie in the fiercely competitive mall. Regarding this, Wang Ruixiang, the President of China Machinery Industry Federation, stated that it is necessary to accelerate the transformation and promotion of China's communication voltage regulator industry, which should be carried out by manufacturers of complete machines and various components. Relying on technological progress and industrial adjustment to improve commodity quality, technological level, and economic added value to promote the sustainable development of occupational health.
In the future, the company should also focus on energy conservation and emission reduction, further improve energy efficiency and reduce capital consumption as the direction of development, further expand shopping mall space, and win market share.