It is estimated that the sales revenue of the bearing industry can increase by about 15% this year, and bearing output can increase by about 17%. According to reports, the performance of the bearing industry this year is “high before and after lowâ€, and the growth of the entire industry is mainly achieved in the first half of the year.
According to the association data, bearing output of key enterprises increased by 12.46% year-on-year, main business revenue increased by 13.78%, bearing business revenue increased by 15.64%, export product revenue increased by 25.15%, and profits increased by 19.06%.
According to the association’s sources, “In the second half of the year, the industry has entered a clear downward trend, and the development trend is not optimistic.†He said that at present, due to the obvious decline in the demand for mainframe supporting markets, the export market has declined, the company’s inventory has risen, and the company’s operating environment has developed in an unfavorable direction. Sequential competition has intensified and the development of the entire industry has encountered great difficulties.
It is understood that, despite the current difficulties, but the industry is still optimistic about the prospects of the industry. In the second half of this year, the Ministry of Industry and Information Technology has clearly listed the bearing as a key industry that needs to be developed. It requires the bearing industry's sales to reach 222 billion yuan, and the industry's average annual growth rate will be between 12%-15%.
The China Bearing Industry Association clearly stated that in the future, efforts will be made in the strategic emerging industries as well as in the autonomy of key products, major special projects, and key supporting products to strive for more voice rights for enterprises.
According to the association data, bearing output of key enterprises increased by 12.46% year-on-year, main business revenue increased by 13.78%, bearing business revenue increased by 15.64%, export product revenue increased by 25.15%, and profits increased by 19.06%.
According to the association’s sources, “In the second half of the year, the industry has entered a clear downward trend, and the development trend is not optimistic.†He said that at present, due to the obvious decline in the demand for mainframe supporting markets, the export market has declined, the company’s inventory has risen, and the company’s operating environment has developed in an unfavorable direction. Sequential competition has intensified and the development of the entire industry has encountered great difficulties.
It is understood that, despite the current difficulties, but the industry is still optimistic about the prospects of the industry. In the second half of this year, the Ministry of Industry and Information Technology has clearly listed the bearing as a key industry that needs to be developed. It requires the bearing industry's sales to reach 222 billion yuan, and the industry's average annual growth rate will be between 12%-15%.
The China Bearing Industry Association clearly stated that in the future, efforts will be made in the strategic emerging industries as well as in the autonomy of key products, major special projects, and key supporting products to strive for more voice rights for enterprises.
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