From January to September 2014, Chinese home appliance revenues witnessed over 10.9% year-on-year growth to around 1.03 trillion RMB (US$170 billion), while operating profits topped around 40.2 billion RMB (US$6.55 billion), up 19.1%% year-on-year, according to China's MIIT (Ministry of Industry and Information Technology). Looking at production volume of individual home appliances from January to September 2014, about 73.9 million refrigerators were churned out, representing a 1.9% year-on-year growth; 122.9 million air conditioners were produced, up 13.4% year-on-year while 50.9 million washing machines were produced, down 3.8% year-on-year. As of September 2014, the sales of Chinese home appliances continued to be brisk, with sales ratio of 96.8% which declined 0.4% year-on-year; the accumulated export value arrived at around 259.9 billion RMB (US$42.3 billion), which represented 4.8% year-on-year growth.