China's elevator industry has been subject to seasonal changes. In general, the second and third quarters performed well. The one and fourth quarters were affected by the cold weather and the Spring Festival holiday.
In the one quarter of 2012, elevator production increased by 20% year-on-year. Although large and medium-sized cities have issued a purchase restriction policy, the elevator industry project cycle has a relatively long duration and has hysteresis. At the same time, the urbanization process of small and medium-sized cities has also led to an increase in elevator production. In the quarter of 2012, the market scale of elevator industry automation products was 476 million yuan, a year-on-year increase of 15.0%. The application of low-voltage inverters was high, accounting for more than 60% of the total amount.