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Xibei Bearing Conpany Lost 66.5 Million in the First Half of 2010

Resource from:  CBCC Likes:2900
Aug 19,2010
Xibei Bearing Co,.Ltd showed that the operating revenue was 190 million yuan in the first half of 2010 year, which increased 61.49% in the same period of last year , and the net loss was up to 66.5 million yuan. The company lost 15.9 million yuan in the same period of last year , and had a loss of 0.07 yuan per share. Xiebei Bearing Company showed that the competition of bearing market was intense , the sale price fell largely and the gross margin declined sharply ,which caused the loss volume of the company to increase. At the same time , the non -operating revenue of the company received value-added taxes refund 4.456 million yuan in the first half of 2009 year , but there was no this business currently.
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