Changsheng Bearing issued a performance report, in 2018, the company realized operating income of 660 million yuan, an increase of 16.64% compared with the previous year, and realized net profit of 147 million yuan belonging to the shareholders of the parent company, an increase of 21.12% compared with the previous year.
The self-lubricating bearing products produced by Changsheng Bearing are widely used in automobile, construction machinery, port machinery, plastic machinery, agricultural machinery and other industries. In 2018, the company is actively breaking into new energy fields such as nuclear power, photothermal, solar energy and so on.
Zhou Jinxiang, Secretary of the board of directors, said, "Ever since its establishment, Changsheng Bearing has been committed to supporting global mainframe manufacturers, positively laying out and developing markets at home and abroad, and has accumulated a broad and profound customer base."
In the "Zhejiang Export Famous Brand" recently released by Zhejiang Business Department in 2018, Changsheng Bearing "CSB" series self-lubricating bearing products are listed among them. In terms of sales revenue, at present, the proportion of domestic and foreign sales revenue is about 45:55, and the amount and proportion of export sales are higher than that of domestic sales.
Zhou Jinxiang told reporters that Changsheng bearings export overseas customers mainly concentrated in Korea, Germany, the United Kingdom, Italy, France, Sweden, Turkey, India and other places, have in-depth cooperation in the local distributors. In addition, in order to open up customers in the United States and other North American countries, improve service quality and expand technical support areas, Changsheng Technology, a subsidiary of the company, completed the establishment of CSB Americas in the first half of 2018, and its business has been carried out in an orderly manner.
Since 2018, the production and sales of domestic automobile industry have fluctuated to a certain extent. As an important downstream market of self-lubricating bearing products and materials, whether fluctuations in the automotive industry will have an impact on the company's operating performance. In this regard, Zhou Jinxiang explained to reporters: "The self-lubricating bearing products produced by the company have a wide range of applications and strong demand in the industry. As far as the automotive industry is concerned, we are concerned about the fluctuations in the domestic automotive industry since 2019. At present, there is no significant impact on the company's orders, and there is no significant fluctuation in the company's order quantity and order amount.
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