Date: 2013-07-31

Xibei Bearing Issues FY 2007 Q1 to Q3 and FY 2007 Q3 Net Profit Guidance

Xibei Bearing Issues FY 2007 Q1 to Q3 and FY 2007 Q3 Net Profit Guidance

Xibei Bearing Co., Ltd. announced that the Company is likely to experience a net profit increase within the range of 200% to 250% for the first three quarters of fiscal 2007, a period ended Sep 30.
The net profit increase will be within the range of 450% to 500% year-on-year for the third quarters of fiscal 2007, from July 1 to Sep 30.

In 2006, the company recorded a major business income of 452 million yuan, 28.61 percent higher than the prior year; profit were 121 million yuan, a year-on-year increase of 66.23 percent; net profit hit 10.3361 million yuan, 37.65 percent higher than last year.

Xibei Bearing Stock Co.,Ltd is subsidiary of Xibei Bearing Group, a private bearing maker in Yinchuan, Ningxia Huis Autonomous Region. They mainly produce "NXZ" brand rolling bearings with outer diameter from 40 to 2250 mm, used in the fields like railway, petroleum, metallurgy, mining, chemical, automobile etc.

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