Among the 117 enterprises counted by China Bearing Industry Association (104 participated in the summary), in the first half of this year, the total profit of 63 bearing enterprises decreased compared with the same period of last year, accounting for 60% of the total number of enterprises, and the profits of three companies were the same as last year. Only 38 companies have increased their total profits. According to statistics, from January to June this year, China's bearing industry realized a total profit of 1.45 billion yuan, a decrease of 41.87% compared with the same period of last year, while the bearing inventory increased from 5.70 billion yuan in the same period last year to 5.23 billion yuan, an increase of 11.30%. The main production enterprises in the bearing industry production and operation monthly report shows that in the first half of this year, 104 enterprises in China's bearing industry participated in the statistics of a total of 2.11 billion sets of bearings, an increase of 4.76%; sales of 1.95 billion sets, down 2.89%. Although production has increased, the output has declined. In the first half of the year, the total industrial output value was 28.31 billion yuan, a year-on-year decrease of 6.97%, and the industrial sales value was 28.17 billion yuan, a year-on-year decrease of 6.60%. In terms of import and export, from January to June this year, China exported a total of 2.239 billion sets of bearings, a decrease of 2.4% over the same period of last year, and a foreign exchange earning of 2.205 billion US dollars, an increase of 7.6% over the same period last year. The cumulative number of imported bearings was 957 million sets, and the use of foreign exchange was 1.731 billion US dollars, down 5.8% and 16.82% respectively over the same period of last year. Compared with last month, the trade volume of import and export trade continued to increase, with a surplus of 474 million US dollars. From the perspective of export product composition, cylindrical roller bearings still maintain a substantial growth year-on-year, but compared with the increase of 150.33% last month, the growth rate continues to decline, up 141.7% year-on-year; the self-aligning bearing also has a growth of only 6.7%. Rate, other bearings have also seen a different magnitude of decline. The amount of foreign exchange has changed slightly compared with the previous month. Among them, the thrust ball bearing changed its previous year's year-on-year reduction. The foreign exchange earning in June increased by 11.1% year-on-year. Except for the slight decrease of the spherical roller bearing, the others all showed growth compared with the same period of last year. Experts from the association pointed out that changes in the structure of the bearing's exports require attention. However, from the perspective of the entire export product, the growth rate of export volume and foreign exchange earnings continued to decline compared with the previous month. From the perspective of the composition of imported bearings, the deep groove ball bearings have changed year by year, with slight growth. Other products are basically the same as last month, only angular contact ball bearings, thrust ball bearings, cylindrical roller bearings and tapered roller bearings. Imports increased slightly. In terms of sinks, except for the number and use of thrust ball bearings, the import volume of tapered roller bearings, angular contact bearings and cylindrical roller bearings has increased, but the amount of exchanges has decreased. In general, both the volume of imports and the amount of foreign exchange used have declined.
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