Puyang Bearing 2011 net profit of 25.62 million yuan growth 1.85%

In 2011, Fuyang Bearing achieved a total operating income of 873.15 million yuan, an increase of 10.86% over the same period of the previous year; a total profit of 26.94 million yuan, an increase of 3.35% over the same period of last year; and a net profit of 25.84 million yuan, an increase of 1.5% over the same period of last year. All major economic indicators have exceeded the annual plan targets, and the economic scale has steadily expanded.

In 2011, Fuyang Bearing optimized the customer resources of the host market and social maintenance market, and the marketing policy further tilted to key customers. It selected 25 host supporting plants and more than 40 key distributors as major customers to manage and assign designated personnel to carry out the implementation. Plans are prioritized and resources are given priority. For those unscrupulous customers with high total risk and bad reputation, after a comprehensive assessment, a gradual exit strategy was adopted and 18 customers have been actively withdrawn.

The bearing industry in which the company is located belongs to the mechanical processing industry and is mainly engaged in the production, research, sales and related business of bearings and its components, auto parts, electromechanical equipment, bearing equipment and spare parts. In the current year, the company's total operating revenue was 873,149,200 yuan and net profit was 25,842,100 yuan.

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PRO-CHARGER CO., LTD. (VICTOR HERO HOLDINGS LTD, TIME VALUE LTD.) , https://www.pro-chargerco.com