BEIJING — China's home appliance industry saw revenues jump, but profits came down slightly during the first three quarters, according to the latest data from the Ministry of Industry and Information Technology.
Revenues hit 1.25 trillion yuan (about $195.34 billion), jumping 20.3 percent year-on-year during the period.
Profits totaled 82.22 billion yuan, down 1.8 percent year-on-year, the ministry said.
China's output of refrigerators rose 2.1 percent year-on-year to 66.2 million units during the nine-month period, while production of washing machines reached 62.83 million units, up 17.3 percent from a year earlier.