Steady growth in the bearing industry is conducive to the development of the industry

Recently, Zhou Yu, the secretary general of China Bearing Industry Association, interviewed the reporter and introduced the development of the industry in the first half of this year, and analyzed and summarized the characteristics of the industry's operation.

Industry development

According to the statistics of 109 enterprises and major enterprises in the bearing industry of China Bearing Industry Association, in the first half of this year, the main business income was 36.3 billion yuan, an increase of 8.05% over the same period of last year, and the income from bearing product business was 27.34 billion yuan, an increase of 11.94 year-on-year. %; bearing products export business completed 5.52 billion yuan, an increase of 14.27%; industrial added value completed 8.38 billion yuan, an increase of 9.27%.

According to statistics from the National Bureau of Statistics on the bearing industry, in the first half of the year, there were 1663 large-scale and above-scale enterprises, and their main business revenues reached 128.4 billion yuan, a year-on-year increase of 12.43%. Large and medium-sized enterprises completed 43.9 billion yuan, an increase of 9.38% year-on-year.

From the perspective of growth rate, the statistics of major enterprises in the bearing industry and the National Bureau of Statistics generally agree with the statistical growth rate of enterprises in the bearing industry and above. The bearing industry is in a relatively balanced period of moderate growth.

From January to June, China exported a total of 2.59 billion sets of bearings, generating foreign exchange of 2.4 billion U.S. dollars, an increase of 14.23% and 6.92% respectively 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 earning accounts for 46.77% of the total foreign exchange earnings, but the growth rate is a slight negative growth of -0.74%. Europe is the second largest exporter of bearings in China, accounting for a total foreign exchange earning amount of 26.75%. %, an increase of 16.4% year-on-year; the Americas is the third major area of ​​China’s bearing exports, with foreign exchange earnings accounting for 23.5% of total foreign exchange earnings, an increase of 13.03% year-on-year. 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 largest exporter of bearings in China, with an export value of 360 million U.S. dollars, accounting for 15% of the total amount of foreign exchange, 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.

From January to June, China imported a total of 970 million sets of bearings, using a total of 1.83 billion U.S. dollars, up 9.5 percent and 15.8 percent respectively from the same period of last year. The increase in the number of export bearings is greater than the increase in foreign exchange earnings, which is a clear contrast. The growth in the use of foreign exchange is greater than the growth in volume. 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.

The growth rate of foreign-funded enterprises is obviously higher than the average level of industry development. According to statistics from the National Bureau of Statistics on the bearing industry, in the first half of the year, the income growth rate of the main business of foreign-funded enterprises was 15.68%, which was 3.25 percentage points higher than the average growth rate of the industry. Profit increased 64.42% year-on-year, 39 percentage points higher than the average growth rate of the industry.

Heavy truck bearing
Heavy truck bearing

Industry operating characteristics

When Secretary General Zhou Yu analyzed the industry situation in the first half of this year, he summarized several major features.

First, the development of the industry is uneven . The bearing industry saw a significant increase in automobiles, wind power, household appliances, agricultural machinery and other ancillary enterprises. In particular, the Renminbi Group for automobiles, such as Renmin Group, increased 13.91% year-on-year, Cixing increased 37.9% year-on-year, Hubei New Torch increased 27.13% year-on-year, and Ningbo was even larger. The year-on-year increase was 33.13%; enterprises supporting machine tools, construction machinery, metallurgy and mining, and petroleum were still relatively weak, and most of the companies in the Wafangdian area grew slower or even declined.

Second, unique "professional, refined, and special" companies are superior to ordinary enterprises . For example, the average growth rate of the top four companies is 16.85%, which is higher than the 11.2% of 97 companies, which is higher than the industry's 10%. For example, the growth rate of Wuxi Huayang was 32.41%, Jiangsu Wanda was 23.49%, Suzhou Bearing was 21.05%, and Jiangsu South was 23.77%. There are Xinchang Shuangling, Jiangsu South, Zhejiang Xi Miike, etc., comprehensive strength of the company's ability to resist risks than the average business.

Third, the operating environment of the enterprise has not been properly improved . Corporate funds are generally tight, and SMEs in particular are more difficult, mainly because of the following reasons. First, SME financing is difficult. Although the Third Plenary Session of the Eighteenth and Eighteenth National Congress proposed to lean towards the real economy, there are many problems in the specific work and it is more difficult. Some SMEs still shut down production. Second, the market environment is not good. Due to lack of orders, host prices, peer competition also cut prices, companies are almost no profit in business, and sometimes even losses, the vicious cycle caused a shortage of funds. Third, the phenomenon of customers delaying or arrears is serious. The general contract payment period is 3 months to 6 months, and the acceptance bill is six months, and the payment will take one year. Fourth, malicious fines also occur from time to time. Fifth, the situation of oversupply of general-purpose products in the industry still exists.

In the first half of 2014, the quality of the economic operation of the bearing industry was stable. The value added of the major enterprises in the bearing industry increased by 9.27%, which was higher than the national industrial added value by 8.8%, which was lower than the machinery industry by 11.2%, and was also lower than that of the automotive industry by 13.4%, but it was -3.9% higher than that of the major bearing industries in the same period of last year. This is a clear improvement. However, due to the large number of bearing types and the large difference in the host market, there has been a large imbalance in the production and operation of various companies.

In predicting the trend of the bearing industry in the second half of this year, Secretary-General Zhou Yu stated that China's bearing industry will basically remain stable in the second half of the year, and it is expected that the industry's annual growth rate will be between 9% and 10%. The industry that develops better is still Vehicles, wind power, agricultural machinery, etc. After a period of adjustments in machine tools and metallurgy and mining, some enterprises will be improved. The construction machinery industry may be better than the first half, but the overall supply exceeds demand, and the situation will not change much. Exports will continue to grow steadily.

8 mm Thickness PVC Wall Panels

8 Mm Thickness Pvc Wall Panels,Wall Panel For Decoration,8 Mm Wall Board Panels,Wainscoting Ceiling Board

Puyang Shangyi Decoration Material Co., Ltd. , https://www.pysydecoration.com