The Net Profit of Xiangyang Automobile Bearing Co.,Ltd. is predicted to increase about Seventy Percent in 2010 Stimulated by Automobile Industry

Resource from: CBCC Likes:3050

Apr 02,2011

According to performance announcement of Xiangyang Automobile Bearing Co.,Ltd. (000678) in Friday this week，it was predicted the net profit had realized RMB 25.42 million in 2010， increasing 71.93% compared with last year, and earnings per share is RMB 0.08. The company indicates that, as stimulated by the strong demand of automobile industry, our sale volume grew rapidly , rising by approximately 60% compared with last year. The main operating total profit comparatively increased and the operating and management expenses have small increase. Xiangyang Automobile Bearing Co.,Ltd.: Besides supplying N series automobiles of Dongfeng, Jiefang, Jianghuai, Beijing, Nanjing, Chang’an, and ISUZU and other series of automobiles, tractors as well as mechanical equipment services, Xiangyang Automobile Bearing Co.,Ltd design and manufacture special bearings and parts. Nowadays Xiangyang Automobile Bearing Co.,Ltd has formed a bearing supply systems fitted to various vehicle models of Heavy, Medium, Light, Mini, sedan cars etc. With 28 sales branches and 14 distribution centers, the sale and service network of the Xiangyang Automobile Bearing Co.,Ltd spreads big and medium cities in China, The “ZXY” bearing owns a rather high reputation in auto parts market and has been exported to Europe and Southeast Asia.

(CBCC)

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