Bearing industry slows down

Bearing industry slows down

From January to June 2014, China imported a total of 970 million sets of bearings, using a total of 1.83 billion U.S. dollars, an increase of 9.5 and 15.8 percent over the same period of last year. There is a clear contrast between the growth in the number of export bearings and the increase in foreign exchange earnings. The growth in the use of foreign exchange is greater than the growth in the number of exports. The average unit price of export bearings decreased, the average unit price of imported bearings increased, and the structure of import and export products was changing. It also shows that the market for replacing imported bearings is huge and very difficult.

From January to June 2014, China exported a total of 2.59 billion sets of bearings and earned US$2.4 billion in foreign exchange, an increase of 14.23 and 6.92 over the same period of last year. From the perspective of export regions, Asia is still the major exporter of bearings in China. Foreign exchange earned accounted for 46.77 of the total foreign exchange earnings, but the growth rate was a slight negative growth of -0.74. Europe was the second largest exporter of bearings in China and accounted for 26.75 per cent of total foreign exchange earnings. Increased 16.4; America is the third major area of ​​China's bearing exports, foreign exchange earning accounted for 23.5 of the total amount of foreign exchange, a year-on-year increase of 13.03. From the perspective of foreign exchange earned through bearing exports, the demand for bearings in Asia was basically the same as that of the same period of last year. The demand for bearings in Europe grew stronger. The growth in bearing demand in the Americas is also a relatively good trend. From a country point of view, the United States is still the country's largest exporter of bearings, with foreign exchange earning US$360 million, accounting for 15% of the total foreign exchange earned, a year-on-year increase of 15.5. It also shows from the side that there are signs of economic recovery in the United States and Europe.

Looking for a way out in the crisis, the principle of survival of the fittest will begin in the bearing industry. The cost is too high and the competition is too strong. Some people pointed out that last year due to further intensified industry competition and rising raw material prices, unprecedented difficulties were encountered in the production and operation of hardware bearings. The orders for petroleum machinery bearing products for leading products have been substantially reduced, and the product structure has tended to be miniaturized. A large loss occurred throughout the year. It has been said that in the first half of the year, due to the year-on-year increase in the prices of raw materials, steel, and purchased parts, the automotive industry’s market demand has declined, and thus the total profit of major companies has been relatively reduced.

From the prediction report of the bearing industry's future prospects, it is understood that the development of the hardware bearing industry does face some unfavorable development factors.

(1) The overall exchange rate of *** will show an upward trend, and the competitiveness of ordinary bearings and mid-end bearing products will be further weakened. The pressure on hardware bearing products will gradually increase, and the import of bearing products will also increase.

(B) It is expected that raw material prices and labor costs will show an upward trend in 2011, which will bring certain pressure on the company's costs. The fluctuations in the markets of automobiles, agricultural machinery, and household appliances will have a certain impact on the speed of development of the hardware bearing industry.

(3) Affected by the rapid and steady development of China's economy, international multinational hardware bearing companies have accelerated the pace of building and expanding factories in China, and the market competition in high-end and high-end bearings will be fiercer.

A hardware shaft company has disclosed annual reports, claiming that the company had a loss of 156 million yuan last year, a year-on-year decrease of 30.32; a loss of 0.72 yuan per share. According to the announcement, the company's shares were suspended for one day on April 19, and a special treatment for the delisting risk warning was implemented on April 20. The stock abbreviation was changed to ST West axis, and the company's stock price limit was limited to 5. The loss of hardware bearings has led other bearing companies to worry about anxiety. Afterwards, the hardware bearing unit also released a semi-annual performance forecast on the evening of July 8. It is expected that the company will achieve a net profit of 2.55 million yuan in the first half of the year, a year-on-year drop of 69. The crisis was full of sorrow, and it was still a hidden crisis in early 2011. It has now surfaced. Ears have gradually spread all kinds of unsatisfactory news.

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