The reporter learned from the China Bearing Industry Association yesterday that in view of the further increase of uncertainties in the domestic market, the association expects the bearing industry to experience a trend of low growth and high growth this year. The annual growth rate of bearing business revenue will be around 12%.
According to the statistics of key enterprises of the China Bearing Industry Association, in 2011 the national bearing industry completed a total of 142 billion yuan in main business revenue, a year-on-year increase of 12.7%, and bearing production completed 18 billion sets, a year-on-year increase of 20%.
Although the industry maintained a certain growth in 2011, the unfavorable factors are increasing. Association data shows that from the perspective of bearing inventory, the year-on-year growth rate, although fluctuating, has generally risen. At the end of February last year, the inventories amounted to 4.2 billion yuan, and by the end of December it had increased to 6.15 billion yuan, an increase of 46.4%.
At the same time, profit growth also slipped to negative growth at the end of 2011. The data shows that the profit growth rate was close to 60% from February last year, and it slipped to -3% by December.
For 2012, the Association believes that the uncertainties in the domestic bearing market will further increase, and the bearing industry will experience a situation of low and high growth. It is expected that the first half of the year will continue its downward trend in the fourth quarter of 2011, and will slowly rise in the second half of the year, but the rate of recovery will increase. Limited, it is estimated that the overall development will be stable in the second half of the year.
In view of the fact that some enterprises in the industry, especially large-scale backbone enterprises, have begun to show the initial results of transformation, upgrading and structural adjustment in recent years, the Association expects that the bearing business revenue in 2012 will reach around 112 billion yuan, with a growth rate of about 12%. Bearings The output will reach 21 billion units, with a growth rate of about 16%.
In 2012, the uncertainties in the domestic bearing market will further increase. The bearing industry will experience a situation of low and high growth. It is expected that the first half of 2012 will continue its downward trend in the fourth quarter of 2011, and will slowly rise in the second half of the year, but the recovery will be limited. In the second half of the year, there will be an overall stable development trend.
According to the report, due to the initial effects of transformation, upgrading and restructuring of some enterprises in the industry, especially large-scale backbone enterprises, it is expected that in 2012, the main business income of the bearing industry will reach around 158 billion yuan, an increase of about 11%. Bearing production will reach around 21 billion units, an increase of about 16%. According to statistics from the China Bearing Industry Association on key enterprises, in 2011 the national bearing industry completed its main business income of 142 billion yuan, a year-on-year increase of 12.7%, and bearing production completed 18 billion sets, an increase of 20% year-on-year.
In 2012, the negative factors in the business environment of the company increased and the operating risks increased. In particular, in the first half of the year, many domestic host industries lacked supporting requirements, bearing enterprise orders decreased, most companies' orders in the first half of the year were less than 50%, and underemployment was insufficient; a number of new or expansion projects were put into operation, which caused the overproduction of ordinary product markets Competition threatens the survival of some enterprises. On the export side, the report believes that although China's bearing exports will not continue its high growth trend in the past year, it will not be much slower than the growth rate in recent years. It is expected that the annual foreign exchange earnings from bearing exports will grow by about 15%. .
According to the statistics of key enterprises of the China Bearing Industry Association, in 2011 the national bearing industry completed a total of 142 billion yuan in main business revenue, a year-on-year increase of 12.7%, and bearing production completed 18 billion sets, a year-on-year increase of 20%.
Although the industry maintained a certain growth in 2011, the unfavorable factors are increasing. Association data shows that from the perspective of bearing inventory, the year-on-year growth rate, although fluctuating, has generally risen. At the end of February last year, the inventories amounted to 4.2 billion yuan, and by the end of December it had increased to 6.15 billion yuan, an increase of 46.4%.
At the same time, profit growth also slipped to negative growth at the end of 2011. The data shows that the profit growth rate was close to 60% from February last year, and it slipped to -3% by December.
For 2012, the Association believes that the uncertainties in the domestic bearing market will further increase, and the bearing industry will experience a situation of low and high growth. It is expected that the first half of the year will continue its downward trend in the fourth quarter of 2011, and will slowly rise in the second half of the year, but the rate of recovery will increase. Limited, it is estimated that the overall development will be stable in the second half of the year.
In view of the fact that some enterprises in the industry, especially large-scale backbone enterprises, have begun to show the initial results of transformation, upgrading and structural adjustment in recent years, the Association expects that the bearing business revenue in 2012 will reach around 112 billion yuan, with a growth rate of about 12%. Bearings The output will reach 21 billion units, with a growth rate of about 16%.
In 2012, the uncertainties in the domestic bearing market will further increase. The bearing industry will experience a situation of low and high growth. It is expected that the first half of 2012 will continue its downward trend in the fourth quarter of 2011, and will slowly rise in the second half of the year, but the recovery will be limited. In the second half of the year, there will be an overall stable development trend.
According to the report, due to the initial effects of transformation, upgrading and restructuring of some enterprises in the industry, especially large-scale backbone enterprises, it is expected that in 2012, the main business income of the bearing industry will reach around 158 billion yuan, an increase of about 11%. Bearing production will reach around 21 billion units, an increase of about 16%. According to statistics from the China Bearing Industry Association on key enterprises, in 2011 the national bearing industry completed its main business income of 142 billion yuan, a year-on-year increase of 12.7%, and bearing production completed 18 billion sets, an increase of 20% year-on-year.
In 2012, the negative factors in the business environment of the company increased and the operating risks increased. In particular, in the first half of the year, many domestic host industries lacked supporting requirements, bearing enterprise orders decreased, most companies' orders in the first half of the year were less than 50%, and underemployment was insufficient; a number of new or expansion projects were put into operation, which caused the overproduction of ordinary product markets Competition threatens the survival of some enterprises. On the export side, the report believes that although China's bearing exports will not continue its high growth trend in the past year, it will not be much slower than the growth rate in recent years. It is expected that the annual foreign exchange earnings from bearing exports will grow by about 15%. .
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