Domestic bearing industry downturn in demand slowdown

Learned from the China Bearing Industry Association, the domestic industries supporting many hosts lack of demand in the first half bearing industry profit growth is slowing down, inventory levels increased significantly. Shanghai an industry analyst told reporters: "Bearing industry in order to improve them, the demand must have a larger growth, the current situation, there is no evidence of improvement in the bearing manufacturer industry."
It is understood that the first half of this year, China's bearing industry realized a total profit of 1.45 billion yuan, representing a decrease of 41.87%, while also bearing inventory turnover of 4.7 billion yuan from the same period last year increased to 5.23 billion yuan, an increase of 11.30%. Macro industry downturn, microscopic, the main listed companies involved in bearing this year looks bad.
It is understood that the bearing industry, Pegasus shares first published in 2012, reported that the downturn in the industry insider revealed. The first half of this year, operating income 1.3 billion yuan, down 22.25%; net profit of 153 million yuan, down 45.48%. Among them, the first half of the Pegasus shares bearing the production of the core business - Chengdu base to achieve revenue 391 million yuan, down 9%; net profit of 25.3777 million yuan, up sharply 78%. Meanwhile, the report also revealed that from January to September this year, results of pre-cut 20% -50%.
Pegasus shares decline in performance for the case, the Securities Department, told reporters: "The first half, the company's sales are poor fan bearings, prices have been down, mainly due to a lack of market demand for wind power and the impact is expected to host the second half of the price of wind power will be lower, then we will follow the bearing parts price fell. "In addition, the source also said:" Since the bearing prices have been falling, the company has taken measures to cut. "
In addition to Pegasus shares, the other bearing industry performance of listed companies also fell. For example Xiangyang bearing notice in mid-July, "the semi-annual total profit dropped significantly, net loss of about $ 7 million." Universal money flows in the first quarter net profit of 91.779 million yuan, down 28.20%. Universal money flows Securities Department said that from January to June this year, bearing in market demand has been very sluggish, subsidiaries, has always been 'to sell production quotas' strategy in the first half of the production decline more.