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Second half of the bearing industry remains stable

Source: Time:2014/8/24 18:16:20

Recently, the Secretary-General of China Bearing Industry Association Zhou Yu briefed development of the industry in the first half of this year, and the industry is running characteristics were analyzed and summarized.
Recently, the Secretary-General of China Bearing Industry Association Zhou Yu briefed development of the industry in the first half of this year, and the industry is running characteristics were analyzed and summarized. 
     Development of the industry 
     According to China Bearing Industry Association of bearing industry 109 enterprise groups and major business statistics, in the first half of this year, the completion of the main business income of 36.3 billion yuan, an increase of 8.05% over last year, bearing products business revenue of 27.34 billion yuan, an increase of 11.94 %; bearing products export business completed 5.52 billion yuan, up 14.27 percent; industrial added value reached 8.38 billion yuan, an increase of 9.27%. 
     According to the National Bureau of Statistics of the bearing industry, above-scale enterprises in the first half 1663, the main business income of 128.4 billion yuan, an increase of 12.43%, of which 43.9 billion yuan to complete medium-sized enterprises, an increase of 9.38%. 
     From the growth rate, the bearing industry's major companies and the National Bureau of Statistics of the bearing industry, business planning more broadly consistent with the growth rate statistics. Bearing industry in a relatively balanced speed growth. 
     1 to June, China exported 2.59 billion sets of bearings, earning $ 2.4 billion, an increase of 14.23% and 6.92% over last year from the export regions, Asia is still the main bearings of large exports, the total amount of foreign exchange earned of 46.77%, but growth is slight negative growth -0.74%; Europe is the second large exports of bearings, the total amount of foreign exchange 26.75%, an increase of 16.4%; America is the third major regions of China bearing export 23.5% of the total amount of foreign exchange earned, an increase of 13.03% from the bearing export point of view, Asia bearing demand was essentially flat with last year, bearing a strong demand growth in Europe, the Americas bearing demand growth is relatively good trend. From a country, the United States is still the first big export of bearings, exports $ 360 million, 15% of the total amount of foreign exchange, an increase of 15.5% also from the side that United States and Europe there are signs of economic recovery. 
     1 to 6 months, China imported a total of 970 million sets of bearings, with the Department of $ 1.83 billion, an increase of 9.5% and 15.8% over last year. Bearing and export growth is greater than the number of foreign exchange grew to form a more clear contrast, use of foreign exchange grew more than growth in the number. The average export price lower bearings, bearings average price rise, changes in the structure of import and export products are happening. But also that we replace imported bearings market is huge, and it is very difficult. 
     Foreign growth rate was significantly higher than the industry average. According to the National Bureau of Statistics on the bearing industry statistics, the first half of foreign-funded enterprises the main business revenue growth rate of 15.68%, higher than the industry average growth rate of 3.25 percent. Profit grew 64.42%, higher than the industry average growth rate of 39 percent. 
     Industry operating characteristics 
     Zhou Yu Secretary-General in the first half of this year, the industry analysis, the summary of a few major features. 
     First, the development of the industry imbalance. Bearings for the automotive industry, wind power, household appliances, agricultural machinery and other supporting businesses increased significantly, especially for auto ancillary, such as one of the Group increased by 13.91 percent, an increase of 37.9% Cixing New Hubei torch grew 27.13%, Ningbo greater an increase of 33.13%; for machine tools, construction machinery, metallurgy, mining, oil and other supporting businesses is still relatively weak, as most companies grow more slowly or even decline Wafangdian area. 
     Second, there are the characteristics of "specialized, sophisticated, special" Business is better than general business. The first four companies as the average growth rate of 16.85%, higher than the 97 of 11.2%, higher than 10% of the industry such as Wuxi Huayang growth rate of 32.41 percent, 23.49 percent for Jiangsu Wanda, Suzhou bearing is 21.05%, Southern Jiangsu is 23.77% there xinchang Shining, southern Jiangsu, Zhejiang and Jiangxi McCormick, etc., the overall strength of the strong anti-risk ability is superior to general business. 
     Third, companies operating environment has not been properly improved. Enterprise funds are generally more intense, especially SMEs is difficult, mainly for the following reasons. First, the financing difficulties of SMEs. Although eighteen, eighteen Third Plenary Session presented want to tilt the real economy, but many problems in concrete work, more difficult, some SMEs still closed discontinued. Second, the poor market environment. Due to lack of orders, the host rock bottom price, peer competition is lower prices, companies are almost no profit in the business, and sometimes even a loss, resulting in a vicious cycle of shortage of funds. Third, the customer delay, serious arrears, general contract payment period for three months to six months, acceptances six months to a year to pay it. Fourth, malicious fines phenomenon also occurred. Fifth, industry-wide product oversupply situation still exists. 
     The first half of 2014 bearing the quality of the industrial economy is running smoothly. Major companies bearing industry industrial added value increased 9.27%, higher than the national industrial added value of 8.8%, down from 11.2% the machinery industry, also lower than the 13.4% of the automotive industry, but over the same period last year, mainly bearing industrial output -3.9% it is a significant improvement in the situation. However, due to the bearing various categories, the host market differences, production and operation of enterprises, there was greater imbalance. 
     During the second half of the bearing industry trend forecast of this year, Secretary-General Zhou Yu said, China's bearing industry in the second half will remain basically stable, industry-wide growth rate is expected to be in the range of 9% to 10%, the development of the industry is still better automobiles, wind power, farm machinery and other machine tools, metallurgical and mining after a period of adjustment, there will be some improvement in business conditions, construction machinery industry may be better than the first half, but overall oversupply situation will not be much change exports will continue steady growth.

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