Date: 2013-07-31

Xibei Bearing Conpany Lost 66.5 Million in the First Half of 2010

Xibei Bearing Co,.Ltd showed that the operating revenue was 190 million yuan in the first half of 2010 year, which increased 61.49% in the same period of last year , and the net loss was up to 66.5 million yuan. The company lost 15.9 million yuan in the same period of last year , and had a loss of 0.07 yuan per share.

Xiebei Bearing Company showed that the competition of bearing market was intense , the sale price fell largely and the gross margin declined sharply ,which caused the loss volume of the company to increase.

At the same time , the non -operating revenue of the company received value-added taxes refund 4.456 million yuan in the first half of 2009 year , but there was no this business currently.

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