World Bearing News

ZYS Sales Revenue Get an Increase of 17.78% for the First Three Quarters

Resource from: CBCC 25 Oct,2011

Regarding the thrid quarter report recently, in the first three quarters this year, ZYS (Luoyang Bearing Science and Technology Co., Ltd. ) has achieved the operating income of RMB 428 million, an increase of 17.78% over last year, the operating profit of RMB 37 million, up 2.8% over last year, the net profit for listed company stockholders of RMB 40 million, a growth of 19.4% over last year, earnings per share (EPS) of RMB 0.37, compared with 0.31 yuan of the same period in 2010.

It shows that ZYS has obvious advantages. Relying on its only strengths, the company focuses on R & D of high-end bearings, producing the bearings for aerospace, CNC machine tools, wind power and other fields.

With the prominent strength of R & D, there are no more than ten companies in China owning the same independent technology center, post-doctoral research station and the nationally recognized laboratory as ZYS.

(CBCC)

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