Date: 2013-07-31

Shanghai Electric Bearing Reports First Nine Months Results

According to the certain statistics, in the first nine months, the total assets hit RMB 794.343 million, 79.43% of the predictive results, and up 10.23% from the prior year.

The sales were RMB 789.167 million, 78.92% of the predictive results, an increase of 16.2% over last year.

The foreign exchange in the first 9 months reached USD 52.47million, 99.01% of the a predictive results, up 36.4% over last year.

The profit was RMB 14.065 million, 75.10% of predictive results, up 115.0% from last year.

The receivables hit RMB 274.41 million, an increase of 1.2% over last year. The inventories were RMB 306.202 million, up 4.9% from the prior year.

After analyses of every economic indicator in the first nine months, we can notice that the foreign exchange has been completed three months ahead of schedule. Compared to last year, , the total assets were 4.43%, up 10.23%; sales income 3.92%, up 16.19%; and profits 0.1%., up 115.0%, which exceed the predictive results of the third quarter. The receivables and inventories have declined, but still fell short of their aims.

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