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China's Industrial Robot Production Up 19.1% in 2020

February 3, 2021 1:44 am

Beijing (PingWest)—China's industrial robot production rose 19.1% year-on-year to 237,068 units last year, state-owned media China Daily reports, citing data from the Ministry of Industry and Information Technology.

In 2020, China's major industrial robot makers above a designated size raked in 53.17 billion yuan ($8.24 billion) in operating revenue, up 6% from a year earlier.

During the same period, their profits fell 26.9% year-on-year to 1.77 billion yuan, and the decline was 24.4 percentage points narrower than that in the first three quarters.

In December alone, the country produced a total of 29,706 industrial robots, up 32.4% on a yearly basis.

In 2020, China's robot manufacturers above a designated size that specially produce robots for service consumption posted revenue of 10.31 billion yuan, up 31.3% year-on-year. Their profits reached 70 million yuan, compared with a loss of 1.81 billion yuan a year earlier.

Last year, major manufacturers that produce robots for special operations registered revenue of 2.88 billion yuan, up 24.7% year-on-year, and profits of 120 million yuan, down 42.9% year-on-year.