Bearing industry profits frequently fall into crisis

When the bearing industry was still immersed in a 30% increase in revenue in 2010, it was faced with a crisis of sharply reduced revenue growth in 2011. According to estimates from the China Bearing Industry Association, operating income growth this year may fall to 12%. Association Secretary-General Wang Quanqing believes that in 2011 the pressure on the bearing industry will further increase, and the growth rate of the bearing industry will be somewhat slower. Bearing enterprises are worthy of great attention.

The crisis is still a hidden crisis in early 2011, and it has now surfaced. Ears have gradually spread all kinds of unsatisfactory news.

Northwest Bearing disclosed its annual report, claiming that the company had a loss of 156 million yuan last year, a year-on-year decrease of 30.32%; loss per share was 0.72 yuan.

According to the announcement, the company's stocks were suspended for one day on April 19, and special treatment for delisting risk warnings was implemented on April 20. The stock abbreviation was changed to "xi axis", and the company's stock price limit was 5%.

The loss of Northwest Bearing caused other bearing companies to start worrying about anxiety. Afterwards, Sunyang Bearing also released a semi-annual performance forecast on the evening of July 8. It is expected that the company will achieve a net profit of 2.55 million yuan in the first half of the year, a decrease of 69% year-on-year.

Xiangyang Automobile Bearing Co., Ltd. was established in 1968. It is a national key project for China's automobile manufacturing supporting bearings that was built during the 4th Five-Year Plan period with a national investment of RMB 120 million. In 1993, the stock system reform was completed. The company’s stock “Xiongyang Bearing” was listed on the Shenzhen Stock Exchange at the end of 1996. Stanley shaft has 2300 employees, total assets of 740 million yuan, net assets of 450 million yuan, covers an area of ​​818 acres, the main equipment more than 2,000 sets, can produce 0,2,3,4,5,6,7,8 The metric bearings of more than 2,000 varieties of 12 types, N, U, QJ, K, etc., and the English-made garden cone bearings have an annual production capacity of more than 30 million sets. It is the largest professional manufacturer of automobile bearings in China, and is one of the five bases for bearing exports in China. .

"Unremitting efforts to build China's best car bearing" is the slogan of Xiangyang Bearing. Although the company continues to develop effectively, profitability will eventually fall.

The cost is too high and the competition is too strong Northwest Bearing Company pointed out that last year due to further intensified industry competition and rising raw material prices, the company’s production and operation encountered unprecedented difficulties, leading to a significant reduction in the orders for petroleum machinery bearing products, and the product structure tends to be miniaturized in the general area. A large loss occurred throughout the year.

Fuyang Bearing said that in the first half of the year, due to the year-on-year increase in the prices of raw materials, steel and purchased parts, the automotive industry’s market demand has declined, and the total profit of the company's main business has been relatively reduced.

At present, the development of the bearing industry does face some unfavorable development factors.

First, fluctuations in markets such as automobiles, agricultural machinery and household appliances will have a certain impact on the speed of development of the bearing industry. It is expected that raw material prices and labor costs will show an upward trend in 2011, thus putting some pressure on the company's costs.

Secondly, the overall RMB exchange rate will show an upward trend. The competitiveness of ordinary bearings and mid-range bearing products will be further weakened, bearing product export pressure will gradually increase, and bearing product imports will increase.

Thirdly, due to the rapid and steady development of China's economy, international multinational bearing companies have accelerated the pace of building factories in China, and the market competition in high-end and high-end bearings will be fiercer.

Survival, Innovation, and Innovation of the Fittest Therefore, the China Bearing Industry Association hopes that companies in the industry will attach great importance to the “Twelfth Five-Year” development plan of the country, each host industry, and the bearing industry, and study the development direction of key products from the strategic emerging industries of the country and analyze the bearings. The development information of the industry, combined with the company's own situation, continuously analyzes the development of the situation and makes decisions on the development planning of the enterprise as soon as possible.

In addition, we should attach great importance to the development of the market, adjust the product structure in a timely manner in accordance with market development, attach great importance to scientific research, and at the same time study the upgrading of old products, we must not only develop new products based on the market in real time, but also develop and reserve some new ones in advance according to market development. Products; attaches great importance to the improvement of management level, reduce costs by management, and enhance the competitiveness of enterprises.