China’s leading bicycle manufacturers expect growing sales and profits18. November 2021
China’s leading bicycle manufacturers are reporting good business figures in the first seven months of the year, combined with growing sales and profits in the double-digit percentage range. This is according to official statistics. Bicycle manufacturers with annual operating sales of more than 3.1 million US dollars (20 million RMB) reported profits of 909 million US dollars in the January-July period. This represents a year-on-year growth of 51.2 per cent. The figures were provided by the Ministry of Industry and Information Technology. The combined turnover of all bicycle manufacturers rose 38.6 per cent year-on-year to US$19.4 billion. Production figures in the first seven months of the year also increased. Output of non-electric bicycles increased by 13.3 per cent year-on-year to approximately 29.79 million units. A total of 20.16 million units of electric bicycles were produced in the identical period, an increase of 26 per cent.
The strong increase in demand also means increased demand for materials and components in bicycle factories. In many cases, CCC certifications are required for the import of corresponding products for bicycle manufacturing so that they can be used in accordance with Chinese regulations.
Products such as bicycles or their components that are sold to China and used in business activities in China require CCC certification. The list of product groups is constantly being expanded and, depending on the category, a mandatory certification China Compulsory Certificate or, since 2019, a CCC Self-Declaration or voluntary certification must be obtained. The CCC certificate was introduced in 2002 and applies to both imported and Chinese products. CCC stands for China Compulsory Certificate. The Chinese CCC is comparable to other certifications for standardising product quality, such as the European CE system, but there are important differences. We would be pleased to advise you without obligation about the scope and requirements of a China CCC certification.
For more information on how CCC certification, the CCC Self-Declaration and voluntary CCAP or CQC certification may affect your company, or for more information about CCC certification in general, the process, and the associated costs, please visit our website and our News Section where you will find current updates twice a week.
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