paired tapered bearing Speech forum four experts, scholars

During the Fair, Luoyang Bearing Industry Association hosted the 2013 China (Luoyang) Bearing Industry Forum. Forum Luoyang Bearing Industry Association Ye Jun chaired the forum by China Bearing Industry Association executive vice president Wang Tapered roller bearings  announced the opening of China Bearing Industry Association specifically Fellows, senior engineer Ho plus group, Mechanical Engineering Department of tapered bearing  niversity Sok double rich Ph.D., Luoyang bearing Science & Technology chairman Dr. Wu paired tapered bearing  and Beijing Institute of Technology School of mechanical and Vehicular Engineering, Dr. Wang in the other four experts and scholars at the forum were on "China's bearing industry to upgrade, from large to strong roadmap" "the Present Situation and development Strategy of high-end bearing our", "the latest development of China's high-performance bearing technology", "high Performance Rolling basic research" and other major issues delivered a wonderful speech.
Part of professors and graduate students from Zhejiang, and Guangdong Province, Luoyang City, bearings and bearing related businesses and Tsinghua University, Beijing Institute of Technology, Hefei University of Technology, Henan HKUST, Xi'an precision bearings  University, Southeast University and other universities and Luoyang City, the industrial parks and government industries authorities responsible persons a total of 300 people attended the forum. Speech forum four experts, scholars, on the Chinese bearing industry in the development of major directional issues raised  test the value of advice and ideas for bearings and bearing related enterprises to achieve the transformation and upgrading, speed up industrial upgrading, product level enhance the core competitiveness provided important guidance for Luoyang bearing industrial transformation and upgrading, structural adjustment and healthy development of the industry will have a major impact. Forum speakers praise the participants.

paired tapered bearing other high-margin products increased variety

Insiders said that before the 1990s, Northwest bearing bearing industry has been one of the national key enterprises, the scale of production in the fourth digit industry. The company plans a total investment of 400 million yuan construction of high-end bearings project construction period of 2 years, the first four years of full production. After completion, the expected sales income 63,000 yuan, net profit of 6,150 million. With the successful implementation of the project, Northwest bearing plain split roller bearing products will be phased out, the major resources into high value-added "large, high-speed, precision," R & D and production of high-end bearings, very in line with national industrial policy, comply with the current economic, policy orientation. This will not only be able to expand its market share in the Northwest bearing production scale and product, help the company to return to the first tier bearing enterprises, but also to promote the overall development and progress of China's bearing industry to some extent.
Li Shuming said Northwest bearing invest 188 million yuan of annual output of 200,000 sets of building precision bearings  project, the main plant has been completed, a full set of equipment installation and commissioning another approach, the work is well forward, 2014 will be fully debugged and tested production. In 2014, the company will focus on improving product mix and increasing technological content of products, and promote high-end bearing construction projects, and other high-margin products increased variety, so that the gradual transformation of the company's existing manufacturing bearings to high-end equipment manufacturing. The non-public offering if the company successfully implement the project, the Northwest bearing the full force of China's high-end bearing market, the fundamentals of the company will be completely changed

paired tapered bearing the company will continue to face growing pressure.

Expected 14 years, 15 years, the company's EPS was 0.15 yuan, 0.18 yuan, to May 8 share price 7.23 yuan calculation, PE was 47.63 times and 41.22 times, compared to the corresponding 2014 results for the current calculation of comparable companies bearing class 29.10 times average 38.50 times earnings, the significantly higher valuation of no advantage.
Cyclical companies downstream Tapered roller bearings industries in the current downturn in the macroeconomic backdrop, the downstream demand continues to slump, while domestic technological content of paired tapered bearing  their own limited, intense price competition. In view of this, we believe that the industry is difficult to get rid of the short-term downward trend, the company will continue to face growing pressure.
Higher levels of the company's own technology, the future is expected to enter the high-end bearings with technical superiority relative ease competition in the area. Meanwhile, 2014 - 2015, the company raised a number of equity investment and non-investment product precision bearings lines will be gradually put into production, introduction of new products or the company will open a new room for growth. However, we believe that technology into a decisive impact on company performance for the timely release of products and product launch time is reasonable point in time, remains to be seen.
In addition, the current reform of state-owned Henan relatively slow action, equity incentive also seemed cautious, limited incentives for the company's share price.
Taken together, we believe that a few years ago by a large shaft bearing technology research project investment industry as a whole and adversely affect downstream performance downturn; future with the release of production capacity is expected to achieve gradual recovery performance; addition allotment price of the company's stock price suppression obvious, the first rating for its "neutral" rating.