Xibei Bearing Co., Ltd.: Performance in the Q2 Expected to Recover

Resource from: CBCC Likes:2889

Apr 26,2010

Xibei Bearing Co., Ltd.( NXZ) is one of the largest bearing manufacturers in China, which mainly produces large and extra large rolling bearings. The predominant products are petroleum machinery bearings and metallurgy rolling machine bearings. In the first quarter in 2010, the company accomplished the business income of 86.43 million RMB. Basically, the profit and loss of each share was -0.141 RMB. The loss was because of the insufficient market orders of predominant products; most orders they received were general products and the price decreased with in large range; the profit space was very small, which caused the decreasing of the company net profit. However, the main competition of the company depends on the manufacturing and technological research strength and the good reputation of the products in the bearing industry accumulated from dozens of years' operation. At present, the products of the company have taken up 80% market share. As the important machinery parts of each field of national economy, the sales of bearings of the company will recover and the company expects to accomplish strong recovery. In the security secondary market, the trend of the stock was still downwards. The short-term investment will rebound and the investors can pay attention to it.

(CBCC)

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