Xibei Bearing announced expected losses of 100-120 million yuan in 2013

Resource from: CBCC Likes:65

Jan 26,2014

Xibei Bearing Co., Ltd. released on last Friday the expected losses of 100-120 million yuan in 2013. The company realized the annual net profit of 8,111,700 yuan in 2012. According to the company, waive interest on borrowings 82,147,100 yuan from its shareholder China Great Wall Asset Management Corporation is excluded in the operating income of 2013 while included in that of 2012. Other factors include downfall in sales order and market price due to the downturn of bearing industry.

(CBCC)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Quanzhou Ideal Bearing received "Outstanding Supplier" award from Fujian Tietuo Machinery
Next Fujian Longxi Bearing (Group) Corporation Boosts Chinese Aviation Industry

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.