Xibei Bearing Co. Ltd. Reports Earnings Results for the Year 2008

Resource from: CBCC Likes:2934

Mar 23,2009

Xibei Bearing Co. Ltd. reported earnings results for the year 2008. For the year, the company reported net profit attributable to the group of CNY 22.3111 million or CNY 0.10 per share on main operating turnover of CNY 461.7111 million against net profit attributable to the group of CNY 41.2902 million or CNY 0.19 per share on main operating turnover of CNY 520.0210 million for the same period in 2007. The company reported adjusted loss per share of CNY 0.03 compared to adjusted earnings per share of CNY 0.06 for the same period a year ago. Xibei Bearing Co., Ltd. is principally engaged in the manufacture and distribution of various rolling bearings, under the brand name of NXZ. The Company provides over 3,000 types of bearings under nine series. The Company distributes its products in the domestic market (excluding Tibet) and the overseas markets, including Asia, Europe and the Americas. As of December 31, 2007, the Company had three major subsidiaries/associates.

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