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Changxin Income-increasing Dynamic Strategic Fund bought 1.2204 million shares of Xiangyang Automobile Bearing Co., Ltd. (Xiangyang Bearing Company) in the first quarter this year and became the third largest circulation shareholder of the company. The top 10 shareholders of the company totally held 95.91 million shares (94.75 million shares in the last period) of the company., which took up 31.62% of the circulation. The number of shareholders has reduced 13%. The chips were relatively gathered.
The first quarterly report in 2010 indicated that the total profit was 8.59 million RMB during the report period, which increased 172.71% on a year-on-year basis. That was mainly because the market demand in this period increased, the sales of products increased and the sales cost relatively reduced. The Profit and Loss from Fair Value Changes was -1.7983 million RMB, because the stock price of held for trading financial assets in this period reduced. In the end of the period, the book value of the stock of China Railway Group Limited held by the company was 5.80 million RMB; the profit and loss in the report period was -0.50 million RMB; the book value of the stock of COSCO Shipping Co., Ltd., held by the company was 13.49 million RMB in the end of the period; the profit and loss was -33 RMB.
Xiangyang Automobile Bearing Co., Ltd is the largest manufacturer of automobile bearings in China. The company can manufacture 12 types of metric bearings and inch tapered bearings including more than 2000 models. The annual production capacity exceeds 30 million sets. It is one of the five largest bearing bases in China. The military vehicles of DFAC have appointed Xiangyang Bearing as its long term provider. The brand of the company
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 23026E1TVPB bearing | 130 | 200 | 52 |
| 23026E1K.TVPB bearing | 130 | 200 | 52 |