It is reported that in the first quarter of 2015, the production and operation of the enterprises in the bearing industry in the country continued the downward trend since the second half of 2014, and the number of companies whose main business revenue decreased was more than 50%. Recently, the author learned from the China Bearing Industry Association that in the first quarter of this year, the production and operation of the enterprises in the bearing industry in the country continued the declining trend since the second half of last year, and the number of companies whose main business revenue decreased was more than 50%. Affected by the exchange rate, bearing exports continued to grow, but the level of decline was too large, and imports continued to decline. Decline in production and operation According to statistics from 153 enterprise groups and major enterprises in the national bearing industry (142 of which are involved in the compilation), from January to March, 142 enterprises have achieved a total industrial output value of 14.42 billion yuan, an increase of 0.30% year-on-year; industrial sales output value has reached 14.2 billion yuan. , year-on-year decrease of 0.57%; realized industrial added value of 3.89 billion yuan, an increase of 0.27%. According to the data, from January to March, 142 companies completed a total of 16.89 billion yuan in main business income, an increase of 1.56% over the same period of last year, which is still continuing the declining trend since the second half of last year; the main business revenue growth or flat business year-on-year There were 68 companies, 74 of which had a year-on-year decline, and fell into the mainstream. Among them, the bearing product business income was 12.77 billion yuan, an increase of 0.63% year-on-year. In the bearing product business income, the export bearing product business income was 2.59 billion yuan, an increase of 2.44% year-on-year. During the same period, 142 companies realized a total profit of 790 million yuan, a decrease of 5.74% over the same period of last year. Affected by the exchange rate, poor import and export performance In the first quarter of 2015, the RMB effective exchange rate index continued its upward trend in the fourth quarter of 2014, and the RMB appreciated against various currencies such as the euro. Affected by this, China's bearing exports have experienced unprecedented ups and downs. From January to March 2015, China’s total exports of bearings were 1.217 billion sets, an increase of 8.7% from the same period of last year, a significant decrease of 20.8 percentage points from the cumulative increase of 29.5% in January to February; exports earned US$1.153 billion, which is higher than last year. The growth rate was 10.2% over the same period, a significant decrease of 16% from the cumulative growth rate of 26.2% in January-February. In January-March, China’s cumulative imports of bearings were 470 million sets and import exchanges were 850 million US dollars, an increase of 0.8% and a decrease of 1% over the same period of last year. The cumulative growth rate from January to February was -0.4% and -0.7. % increased by 1.2% and slightly decreased by 0.3%. Although the growth rate of exports has fallen sharply, the overall foreign exchange earning still maintains a double-digit growth, while the amount of foreign exchange used for bearing imports is still declining. The surplus of import and export trade still maintains a surplus of 303 million U.S. dollars. Post-industry operations may decline further Affected by the downward pressure on the country's economic operation, the domestic bearing market will continue to decline, and the economic operation of the bearing industry will also have the possibility of further decline. Bearing exports are affected by the appreciation of the renminbi, export pressure will further increase, the large-scale quantitative easing program in the euro area directly led to the sharp depreciation of the euro in the first quarter, but the market generally believes that large-scale quantitative easing for the future growth of the euro area It is absolutely good. Therefore, the pressure on bearing exports will increase in the near future, but optimistic estimates will still maintain a certain growth throughout the year. With the increase of downward pressure on the domestic economy, the demand for the high-end bearing import market will continue to decline.
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