China Bearing Industry 2008 Briefing Report
1-12 months in 2008, a total of 101 enterprises producing sets of bearings 2,630,500,000, representing a decrease from the same period in 2007 sets 43,900,000, up 1.64 percent reduction; bearing sales of 2.734 billion units, representing a decrease from the same period in 2007 sets 75,500,000; the same period last year to reduce the 2.69%; bearing exports set to 1,235,000,000, representing a decrease from the same period in 2007 sets 269,600,000; 17.92 percent year-on-year reduction; bearings from stock sales in 2007 of 3.732 billion yuan over the same period increased to 4.467 billion yuan, an increase of 19.72%.
In 2008, due to the impact of financial crisis, from January to June the industry's leading enterprises the main business income and the bearing business income, respectively, over the same period in 2007 increased by 26.46% and 20.96%; to these two figures by the end of 2008 has fallen to 15.61% and 11.42%.
Income from exports, the industry in 2008 January to June bearing products mainly export revenue in 2007 grew by 16.37 percent over the same period; to the end of 2008 fell to 11.06 percent.
From the profit situation, the industry in 2008 January-June profit growth of major companies 18.16%, to the end of 2008 fell to 4.44 percent.
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