Date: 2013-07-31

ZYS Report Financial Result for the First Half of 2007

ZYS Report Financial Result for the First Half of 2007


ZYS (Luoyang Bearing Science and Technology Co., Ltd) released financial results for the half year of 2007. The operation income hit RMB 102.462 million, an increase of 16.37% year-on-year. The net profit increased 13.12% to RMB 17.976 million.

At the end of 2006, the company completed technological reconstruction for small and miniature bearing manufacturing departments. The added capacity, a main reason for sales increase, ensured the business growth in the first half of 2007.

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