Your location:  Home  >  Bearing News  >  China Market
<<  Back

China Suzhou bearing: The dual-track growth strategy of the needle roller bearing giant

Resource from:  cbia Likes:235
Jul 09,2024

On July 4, 2024, China Kaiyuan Securities released an in-depth research report, giving a strong buy recommendation to Suzhou Bearing Factory Co., Ltd. (hereinafter referred to as "Suzhou Bearing Co., Ltd."). In recent times, Suzhou Co., Ltd. has attracted widespread attention from the industry and has become one of the investment focuses.

suzhou bearing

Analyze the core points:

In the report, Kaiyuan Securities spoke highly of Suzhou Co., Ltd.’s professional leading position in the field of needle roller bearings and its forward-looking layout in the automotive and robotics industries. Suzhu Co., Ltd. has long been committed to the cutting-edge R&D and manufacturing of needle roller bearings and rolling elements. Facing the "old-for-new" policy in the automobile market and the booming development of the robotics industry, the company is skillfully balancing the traditional fuel vehicle business with high potentials such as robotics and aerospace. The expansion of the market indicates that its performance will be significantly improved.


New opportunities in the industry and corporate responses:

Kaiyuan Securities pointed out that the current implementation of the "old-for-new" policy in the automotive industry, coupled with the rapid rise of the robotics industry, has created unprecedented market opportunities for bearing manufacturers. In 2023, Su Zhuo Co., Ltd. successfully implemented the fundraising plan and achieved the production of 49.1868 million sets of bearings. Sales reached 210.8089 million yuan and total profits were 41.2046 million yuan. It exceeded the predetermined target, showing the company's strong execution ability and market adaptability. ability.


Risk Factor Considerations:

Despite the optimistic outlook, the report also cautiously mentioned potential risk points, such as the volatility of raw material prices, intensified industry competition, and possible uncertainties in market expansion. These factors require Suzhou Co., Ltd. to continue to pay attention and take corresponding measures to mitigate possible impacts.


Looking to the future:

Relying on its profound technological accumulation in the field of needle roller bearings, Suzhu Co., Ltd. is actively embracing the dual growth opportunities in the automotive and robotics industries, and is expected to maintain its leading position in future market competition. Kaiyuan Securities' buy rating not only reflects recognition of the company's current performance, but also expresses confidence in its future development strategy.


The development trajectory and strategic adjustments of Suzhou Co., Ltd. reflect the resilience and innovative spirit of Chinese manufacturing companies in the process of globalization. For investors who are concerned about needle roller bearings and related industries, the dynamics of Suzhou Axle Co., Ltd. are undoubtedly important information worthy of attention. As the company further deepens its layout in the automotive and robotics fields, Suzhou Co., Ltd. is expected to become a key force in promoting industry progress.


(Source: Financial Industry)


(cbia)
【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.

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.