The first automobile engine remanufacture company in China, Jinan Fuqiang Power Co, Ltd, was intro duced. The engine remanufacturing technological process of this company was described. The benefit statistic of re manufacturing 10 000 Styer engines were analyzed, and the contribution of engine remanufacturing to cycle economy was predicted. The results show that remanufacturing engineering could use the maximal additional values of obsolete engines, and make contributions to materials conservation, capital saving, energy conservation and environment protection. 10 000 engines are supposed to be remanufactured per year, the following benefits would be obtained:reclaiming additional values of RMB3.23 hundred million, saving metallic materials about 7.65 thousand tons, saving energy of 16 million kilowatt-hours, reducing emission of CO2 about 11.3 - 15.3 thousand tons, and providing employment for 500 persons. According to the survey and analysis, tremendous benefits will be gained by the year of 2020. For example, reclaiming additional values per year of 1424 - 2236 hundred million RMB, saving energy per year of 60 - 90 hundred million kilowatt-hours, reducing emission of CO2 about 6.67 - 9.69 million tons. It can be deduced that developing remanufacturing will play an important role in enriching the cycle economy and accelerating the development of national economy.