2011-2015 China Transformer Manufacturing Industry Production & Marketing Demand and Investment orecast !

!e"ort# 2011-2015 With the sustainable and fast development of Chinas economy, demand and investment to electric power develop constantly and rapidly. The national power consumption was 3,643 billion KW in !""#, with a year$ on$year %rowth of &.#6', up ".4(' over the same period last year. )nd the year$on$year %rowth of national power consumption in !"*" was *&."+'. The accumulated investment to national power en%ineerin% construction in !"*" was ("&.* billion ,uan, amon% which the total investment to power supply construction was 364.* billion ./012345 ,uan which declined 4.!6' while that to power %rid 6 . 1 " 2009 73 12.64 89: construction was 34* billion ,uan which declined *!.&3'. 7.39%";<=>?2010 7 The total investment to national power en%ineerin% 12.23 89: 3.99%2010 construction durin% the -eleventh five years. was 3.! 3 4 5 6 @ 2222.89 ABC- 2305 trillion ,uan while the annual investment was !#4.# billion D 15.92% 7.9% 2164.11 ,uan, and the proportion of investment in & years to total E 143.68 A investment was up to 46."&'. 2142.07 FGE 268.106 " The speedy development of Chinas electric power construction promotes the %rowth of Chinas transformer 36HIJKLMN*2 manufacturin% industry OPQRS345C=TUV http/00en.1ian2han.com0report0detail0d44feea3(6""4"f".ht "!W3QHIJX 220KV ml3. 4n !""# China produced *.!64 billion 5ilovolt 7Y.CZ 20 [DX 110KV amperes of transformers and with a year$on$year %rowth of 7Y.CZ 100 [D"\7 500KV ]B (.3#'. )ccordin% to latest data, China produced *.!!3 3C^_`Ya2Ob.cd billion 5ilovolt amperes of transformers and with a year$ Q e f g h " on$year %rowth of 3.##'. The total output value of Chinas transformer manufacturin% industry in !"*" reached .ij1345C/ !!!.!+# billion ,uan, with a year$on$year %rowth of 1kl2mn.Qop"qrDsVt *&.#!'6 the number of corporations of scale was !,3"&, uISv.wxDsP2yz{ with a year$on$year %rowth of (.#'6 the total sales amount 2010-2012 .A|} 1 ' was !*6.4** billion ,uan6 the %ross profit was *4.36+ 11066~89B 26 'M billion ,uan6 capital scale was !*4.!"( billion ,uan6 13.5 89: 1000 B sellin% profit was !6.+*"6 billion ,uan. .b"qr$* The competition of Chinas transformer industry is fierce . 60%-70%z| 6000 that forei%n$owned transnational enterprises ta5e a lar%e .Q"g.36 sum of mar5et shares while the 1uantity of domestic |- 2012 2010 B| transformer manufacturers %rows rapidly. The competition 16%." - 2012 3| of middle and low$end transformer mar5et is e7tremely 19.24 KVA fierce that there are about !" corporations with the 2009 36430 5.96% 0.47 2010 15.08%2010 7051 3641 3410 ! 4.26% 12.53%"#$%& 3.2 '( 2949 % )*+,- 46.05%

capability to produce transformers of !!"K8, and about *"" corporations with the capability to produce transformers of **"K8. 9or the transformers of &""K8 or above, the barriers of technolo%y and productivity are 1uite hi%h that the mar5et structure trends to be stable. The boomin% development of Chinas power %rid construction provides sound mar5et opportunities to the fast %rowth of transformer manufacturers. )ccordin% to states demand of fastenin% infrastructure construction and stimulatin% domestic demand, :tate ;rid will stren%th the investment. 4t is predicted that the investment scale from -E&3456Q !"*" to !"*! will e7ceed * trillion ,uan while the .Q=>\6. construction scale will be !6",""" 5m for wireways of **" b{z"-3456. <66= K8 or above, and the transformer capacity will be B3456.` *.3& billion 5ilovolt amperes. >eanwhile, investment to 6vx2345 the construction of -two hori2ontals and two verticals. 6.Q QA 1{`H" ? 8 transmission line will be more than *"" billion ,uan. Calculatin% by the 6"$("' proportion of %eneral -w23456.7 e1uipment investment to power %rid investment, it will 13456.QCH produce an e1uipment mar5et of 6"" billion ,uan. @ue to 3456.Qvx3456. the promotion of power %rid construction investment, Q3456.HefH prospects of transformer industry will last to !"*! while 3wFQ13Q. the output after !"*" maintains a %rowth of about *6'. 4t C3456.1 is predicted that the output of Chinas transformer will B6 5 z.$ reach *.#!4 billion K8) by !"*!. Q=>3456 The fast development of Chinas electric power industry .Q`1\UHo provides a broad mar5et for electric appliance industry. 4n the meantime, it proposes a newer and hi%her re1uirement -;P.`"-^ for electric appliances. AroBects of -West$Cast electricity P$Q=>.c\ transmission proBect, :outh$Dorth mutual supply, and 3456.QQ national networ5. fasten the rural and urban power %rid AHef`Qvx>3456 construction, and %reatly promote the development of .1.3456 Chinas electric transmission and transformation e1uipment yz.1345 industry. The publishment of -twelfth five years. plan C GC C234 reveals that Chinas power %rid construction enters -? 8. 56;<1Qo and -intelli%ence. era. China will complete -three `C1.FT verticals, three hori2ontals and one rin% networ5. and ** S $ R 3 4 5 6 B 6 runs of ? 8 direct current transportation by !"*&. )nd by +C6.+-" !"!" the ? 8 networ5 will further enlar%e. 4t provides rare opportunities and broad mar5et space for Chinas -U-23 transformer manufacturin% industry. 3 D Df With 9orwards the lon%$term trac5in% and collectin% )P mar5et data of transformer manufacturin% industry, we B1Q) .V13kl2 .Q3k2< b.wx" l {sV P26.1" #% .c b ` Y 2015 |$ 11 b- 2020 b| $3451kl2. op`.Q"

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roundly and accurately analy2e the structure system for you from the view of masterin% the whole industry. This report will base on the macro condition of current transformer manufacturin% industry, production and mar5etin% condition, industry demand trend of auto industry, then detailed analy2es the current mar5et capability, mar5et scale, development speed and competitive landscape of China transformer manufacturin% industry. This report mainly analy2es the followin% aspects/ production and development of China transformer manufacturin% industry6 current mar5et environment and corporations competitiveness of transformer manufacturin% industry6 mar5et demand features of transformer manufacturin% industry6 maBor mar5ets of transformer manufacturin% industry6 competitive landscape and trend of transformer manufacturin% industry6 development status of maBor transformer manufacturin% mar5et se%mentation6 leadin% corporations operational condition in transformer manufacturin% mar5et6 development trend and prospects forecast of transformer manufacturin% industry. >eanwhile, to%ether with the comprehensive and detailed mar5et data which is accumulated for & years, 9orward helps you to %rasp the mar5et and development trends of transformer manufacturin% industry, so as to win advanta%es from competitionE >aBor characteristics of this report are forward$loo5in% and timeliness. Fase on the forward$loo5in% analysis of massive research data, we further analy2e the development scale and competitive landscape of transformer manufacturin% industry. )lon% with the industry development route and our practical e7perience, we analy2e and predict the future development prospect of transformer manufacturin% industry. This report is of a hi%h value for enterprises li5e transformer manufacturers, GH@ institutions, sales corporations and investment corporations to accurately 5now the latest industry development trend, and obtain mar5et opportunities and determine an insi%htful operation strate%y and development direction. 4n the meantime, it is the first heavy wei%ht report to analy2e the up0down$stream industry chain and industry leadin% corporations of transformer manufacturin% industry in an

overall and systemic way. ere, wed li5e to e7press our sincere %ratitude to China Clectrical C1uipment 4ndustrial )ssociation transformer branch, :tate Cconomic 4nformation Center, Dational :tatistics Fureau of China, ;eneral )dministration of Customs, 4nternational 4nformation 4nstitute, Dational 4nstitute of the >inistry of Commerce, Dational Tsin% ua ?niversity Iibrary, 4nstitute of >ar5et Cconomy of the :tate Council @evelopment Gesearch Center, and FeiBin% Jin%hua 9orward >ar5et Gesearch Center, etc. Than5 you so muchE Dotice/ all the mar5et data, especially the corporation list data in this report is only for business reference. Alease dont ta5e the data for enterprise publicity. Than5 youE Kr 9orward shall not ta5e any responsibility for any conse1uencesE 9orward Fusiness 4ntelli%ence Co., Itd. Aower Transmission and @istribution Fusiness @epartment Gesearch Team of Transformer >anufacturin% 4ndustry