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Bearing Science & Technology reported net profit of 15.59 million yuan in 2014, down by 59% year on year

Resource from:  CBCC Likes:168
Feb 28,2015
Bearing Science & Technology Co., Ltd released on Friday that the company's net profit was 15.5909 million yuan in 2014, down by 59.06 %. The earning per share was 0.05 yuan. The operating income was 513 million yuan, down by 21.27 %. Bearing Science & Technology said that the decline in the total profit last year was mainly due to the loss in non-operating income (mainly government grants) which decreased by 25.0708 million yuan during the report period.
(CBCC)
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