Sunyang Bearing net profit of 6.32 million last year

On April 14th, Hebei Xuangong released a performance report. The company suffered a loss of 70.2563 million yuan last year, turning profitable from the same period last year, and had a profit of 4.110 million yuan in the same period last year. In 2014, the company realized operating income of 244 million yuan, a year-on-year decrease of 34.63%. It is expected to lose 20 million yuan to 30 million yuan in the first quarter of this year.
Hebei Xuangong attributed the cause of the loss to the continuous downturn in the market demand of construction machinery industry during the reporting period. The operating income of the company continued to decline year-on-year, and the expenses during the period increased. In addition, during the reporting period, Hebei Xuangong increased the management and control of operational risks, taking individual recognition of accounts receivables over five years, and preparing impairment provision for inventory adjusted due to product structure, and the asset impairment loss increased by RMB 54.37 million. At the same time, due to the capitalization of borrowing interest in 2013 and financial expenses in 2014, the financial expenses increased by 5.07 million yuan.
It is worth noting that according to previous media reports, the “Comprehensive Development Plan for Beijing, Tianjin, and Hebei” reviewed and discussed at the 9th meeting of the Central Financial Leadership Group will be released soon. Analysts believe that this will have a huge impact on the development of the local economy. As a catalyst, local listed companies such as infrastructure, ports, and real estate will directly benefit. As a result, the Beijing-Tianjin-Hebei-listed company rose sharply, and Hebei Xuangong had a daily limit. Despite this major positive news, Hebei Xuangong is still suffering from the slump in the overall construction machinery industry market.
It is understood that the construction machinery industrialization market is no longer in recent years and continues to be sluggish. Since the end of last year, data on the various industry market declines have continued to flow.
According to statistics from the National Bureau of Statistics of more than 1,300 enterprises above the designated size, in 2014, the main business income of construction machinery industry fell by 3.35%, and profit decreased by 8.55%. According to the statistical data of the 13 enterprise groups that participated in the monthly reporting data, the main business income of the construction machinery industry decreased by 9% in 2014, and the output decreased by 4%. The overall situation is a double decline in revenue and profit.
In addition to the listed companies of Xugong Machinery, Zoomlion, and Sany Heavy Industry, there are seven listed companies in the construction machinery industry, namely Shantui, Shanhe Intelligence, Hebei Xuangong, Xinjian, Changlin. Shares, Anhui Heli, and XiGang shares. This year has clearly announced the losses of Hebei Xuangong, which has yet to be settled. XGMA's loss in 2013 is expected to turn a profit in 2014. However, from the perspective of its three quarterly report, it will have a loss of 100 million yuan from January to September. To realize 2014 profit, the task is very arduous. Although the remaining four companies are still profitable, the total profit is very low and unbearable compared with previous years. Shanhe's net profit was only 6.9 million yuan, and Xinjian had just over 10 million yuan. This profit is based on the revenue of 1.8 billion yuan and 1.2 billion yuan. It can be seen that even if these companies are profitable, the profit rate is very low.

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