Date: 2016-07-14

XiangMing Bearing announced annual revenue of 92.32 million yuan in 2015

Shanghai XiangMing Bearing Co., Ltd recently released the 2015 annual report showing that the operating income was 92.3162 million yuan last year, down by 14.96% YoY; the net profit was 6.2987 million yuan, down by 23.78 % YoY.

As of December 31, 2015, the total assets of Shanghai XiangMing Bearing was 78.0681 million yuan, representing an increase of 11.75 % over the same period last year.

The decrease in operating profit in 2015 was mainly due to the fall in sales of bearings, which was 12.77 million yuan.

Shanghai XiangMing Bearing Co., Ltd is specialized in the manufacturing of automobile water pump bearings, automobile fan bracket bearings and precision machine tool spindle bearings which feature in reliable quality and reasonable price.

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