Bearing industry is relatively balanced speed growth period

Recently, the secretary general of China Bearing Industry Association Zhou Yu in an interview with China Daily reporter industry, introduced the situation of the industry development in the first half of this year, and the industry operating characteristics were analyzed and summarized.

Development of the industry

According to the China Bearing Industry Association on the bearing industry 109 business groups and major business statistics, the first half of this year, the main business income of 36.3 billion yuan, an increase of 8.05% over last year, bearing products business revenue of 27.34 billion yuan, up 11.94 %; bearing products export business completed 5.52 billion yuan, an increase of 14.27%; industrial added value reached 8.38 billion yuan, an increase of 9.27%.

According to the National Bureau of Statistics of the bearing industry, above-scale enterprises in the first half 1663, the main business income of 128.4 billion yuan, up 12.43 percent, of which medium-sized enterprises was 43.9 billion yuan, an increase of 9.38%.

From the growth rate, the bearing industry's major companies and the National Bureau of Statistics on the bearing industry enterprises above statistical planning broadly consistent growth. Bearing industry in a relatively balanced medium-speed growth.

January to June, China exported 2.59 billion sleeve bearing, earning $ 2.4 billion, respectively, an increase of 14.23 percent and 6.92 percent year on year. From export regions, Asia is still the main country bearing large export volume accounted for 46.77 percent of foreign exchange earnings, but growth is slight negative growth -0.74%; Europe is the second large exports of bearings, total amount of foreign exchange 26.75 %, an increase of 16.4%; the Americas is the third major regions of China bearing export volume accounted for 23.5% of foreign exchange earnings, an increase of 13.03%. Exports from the bearing point of view, Asia bearing demand essentially flat with last year, bearing a strong growth in demand in Europe, the Americas bearing demand growth is relatively good trend. From the country, the US is still the first major export of China's bearing, exports 360 million US dollars, 15 percent of total foreign exchange earnings, an increase of 15.5%. Also from the side it shows signs of economic recovery in the United States and Europe.

January to June, China imported 970 million sets of bearings, use of foreign exchange $ 1.83 billion, an increase of 9.5% and 15.8% over the same period last year. And export growth is greater than the volume growth in the number of bearing form a more obvious contrast is greater than the increase in the number of foreign exchange growth. The average export unit price lower bearing, the average price rise of imported bearings, structural changes in import and export products have occurred. But also that we replace imported bearings market is huge, and it is very difficult.

Foreign growth rate was significantly higher than the average level of development of the industry. According to National Bureau of Statistics on the bearing industry, foreign-funded enterprises in the first half growth rate of main business income of 15.68%, higher than the industry average growth rate of 3.25 percent. Profit up 64.42%, higher than the industry average growth rate of 39 percent.

Industry operating characteristics

The Secretary-General Zhou Yu in the analysis of the first half of this year, industry conditions, summarizes the major features.

First, the unbalanced development of the industry. Bearings for the automotive industry, wind power, household appliances, agricultural machinery, and other ancillary businesses increased significantly, especially for vehicles such as the people of the Group increased by 13.91 percent, an increase of 37.9% Cixing new Hubei torch grew 27.13%, greater Ningbo an increase of 33.13%; machine tools, engineering machinery, metallurgical and mining, oil and other supporting businesses are still relatively weak, as most companies Wafangdian slower growth or even decline.

Second, there are characteristics of "specialized, sophisticated, special" enterprise superior general Enterprise. As an average rate of four companies 16.85%, higher than the 97 of 11.2%, higher than 10% of the industry. Such as Wuxi Huayang growth rate of 32.41 percent, 23.49 percent Wanda Jiangsu, Suzhou bearing 21.05% to 23.77% southern Jiangsu. Also Xinchang Shining, Jiangsu south, Zhejiang and Jiangxi McCormick et al., Comprehensive strength of the anti-risk capability superior general Enterprise.

Third, the enterprise has not been given the operating environment improved. Enterprise funds generally tight, especially SMEs, is difficult, mainly for the following reasons. First, the financing difficulties of SMEs. Although eighteen, eighteen Third Plenary Session To tilt the real economy, but many problems in concrete work, more difficult part of the SMEs still gone out. Second, the poor market environment. Due to lack of orders, the host lower prices, the competition in their prices, business is almost no profit in the business, and sometimes even a loss, resulting in a vicious cycle of shortage of funds. Third, the customer delay, serious arrears, general contract payment period of three months to six months, acceptances six months to a year to pay it. Fourth, malicious fine phenomenon also occurs. Fifth, industry-wide product oversupply situation still exists.

The first half of 2014 bearing industrial economic operation quality is stable. Bearing industry's major enterprises industrial added value increased 9.27%, higher than the national industrial added value of 8.8%, down from 11.2% in the machinery industry, the automotive industry is also lower than 13.4%, but lower than the same period last year mainly bearing industrial output -3.9% It is a significant improvement in the situation. However, due to bearing various categories, the host market are quite different, the business of production and management, there was greater imbalance.

In predicting trends in the second half of this year bearing industry, the Secretary-General Zhou Yu said that China's bearing industry in the second half will remain basically stable, industry-wide growth rate is expected to be in the range of 9% to 10%, the industry is still developing better automotive, wind power, farm machinery, machine tools, metallurgical and mining through a period of adjustment, there will be some improvement in business conditions, construction machinery industry may be better than the first half, but the overall oversupply, the situation will not be much change exports will continue to grow steadily.