In the first half of 2012, the bearing industry's profits have slowed down significantly and there has been no sign of improvement

It is understood that in the first half of this year, China's bearing industry realized a total profit of 1.45 billion yuan, a decrease of 41.87% compared to the same period of last year, and bearing stocks also increased from 4.70 billion yuan in the same period last year to 5.23 billion yuan, an increase of 11.30%. In the macro industry, the industry is sluggish. On the micro level, the listed companies that mainly deal with bearings have had a hard time this year.

According to the “Golden Securities” reporter, in the bearing industry, Tianma shares first announced the 2012 interim report, which revealed the downturn in the industry. In the first half of this year, the company's operating income was 1.3 billion yuan, a year-on-year decrease of 22.25%; net profit was 153 million yuan, a year-on-year decrease of 45.48%. Among them, in the first half of the production base of the Tianma shares bearing business - Chengdu base achieved an income of 391 million yuan, a year-on-year decline of 9%; a net profit of 25.3777 million yuan, a sharp drop of 78% year-on-year. At the same time, the Interim Report also disclosed that from January to September this year, the company's performance will be reduced by 20%-50%.

In response to the declining performance of Tianma's shares, the company’s Securities Department told the “Golden Securities” reporter: “In the first half of the year, the company’s wind turbine bearing sales were not good and prices have been falling, mainly due to the lack of market demand for wind power host computers. The price of wind turbines will go down for half a year, so the price of our bearing parts will also drop.” In addition, the person also disclosed to the “Golden Securities” reporter: “Since the price of bearings has been falling, the company has taken measures to reduce production.”

In addition to Tianma shares, the performance of other listed companies in the bearing industry also fell. For example, Fuyang Bearing announced in mid-July that “the company’s total semi-annual profit has dropped substantially, with a net profit loss of approximately 7 million yuan”. The net profit of Wanxiang Qianchao in the first quarter was RMB 91.797 million, a decrease of 28.20% year-on-year. Wanxiang Qianchao Securities told reporters: "Jin Securities" reporter: This year from January to June, the market demand for bearings has been very sluggish. Subsidiaries have always been the strategy of 'sales and production,' and output in the first half of the year has fallen more.