Changsheng Bearing (300718) issued its annual report for 2018. Last year, the company realized 663 million yuan in gross operating income, an increase of 16.96% compared with the previous year. The net profit attributable to shareholders of listed companies was 147 million yuan, an increase of 21.26% compared with the previous year. The earnings per share was 0.74 yuan. The company intends to distribute a dividend of 3.5 yuan (including tax) per 10 shares.
Changsheng Bearing, located in Jiashan, Zhejiang Province, is a high-tech enterprise specializing in research, development, production and sales of self-lubricating bearings. It provides solutions for self-lubricating bearings in various industrial fields. The products are widely used in automobile, construction machinery, port machinery, plastic machinery, agricultural machinery and other industries. Famous FAW Group, Caterpillar, Zhenhua Heavy Industry (600320) and other industry giants are partners of Changsheng Bearing.
It is reported that at present, China's self-lubricating bearing enterprises are mainly concentrated in Zhejiang, Jilin, Liaoning, Beijing and other places, of which Zhejiang Jiashan is the main production base in China, and the output value of self-lubricating bearings in this region accounts for more than 70% of the total national product. According to the instructions issued by Jiashan Statistical Bureau, Changsheng Bearing ranked first in the total assets and business income of Bearing Industrial Enterprises above the scale of Jiashan County from 2013 to 2018.
During the reporting period, Changsheng Bearing has made breakthroughs in product performance and overall solution exploration, and the company's circle of friends has further expanded. In 2018, the company cooperated with leading construction machinery main engine factories in China, including Sany Group, Xugong Group and Longgong Holdings.
Taking the cooperation of Sany Group as an example, Changsheng Bearing has signed a strategic cooperation agreement on the basis of realizing the exclusive supply of excavator chassis components of Sany Group, the leading domestic construction machinery group. It will start to cooperate in an all-round way and provide the whole Sany Group with a solution of high-performance self-lubricating bearing technology. Further consolidate the company's leading position in the domestic self-lubricating bearing industry.
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