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ZYS's Income Hit 119 Million In The First Three Quarters

Resource from:  CBCC Likes:2992
Dec 09,2005
Luoyang Bearing Science and Technology Co.,Ltd (ZYS)experienced a booming growth this year. In the first three quarters, the income hit 119millon, up 18.57% year-on-year. The profit was reported to reach 20million, an increase of 32.08% as compared to the same period last year. Earnings per diluted share for the third quarters of 2005 were 0.31Yuan. The income and profit only in the third quarter respectively increased 23.64% and 61.39% year-on-year. As a state first-class institute, ZYS is devoted to the research and development of rolling bearing comprehensive technology. It combines research, production and trade together for high performance, precision, special, customized bearings and related products. With a belief of sincerity, reality, unity and advancing, the institute has made remarkable contribution to the technology advancement of the Chinese bearing industry. In aerospace field, except the bearing for ground device, its special bearing for the satellite, spaceship and carrier rocket always cornered the market,
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