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January-September is expected to belong to the parent company net profit rose 50% year on year.
Main business steady growth. During the reporting period, the Company adjusted the product structure, established the connotation growth of the "material-bearing-equipment" complete industrial chain while maintaining the stable development of the original business, vigorously developed new products and new markets, overcoming the unfavorable factors of the rapid rise of energy, Maintain the smooth development of production and operation, especially wind power bearings, alternative imports of general bearings, high-end CNC machine tool products show a better profitability, the company operating income, operating profit and net profit to achieve a slight increase year on year.
Bearing business rapid development. During the reporting period, the company achieved sales revenue of 861 million yuan, an increase of 20%, accounting for the proportion of the main income increased to 54.22%.
Among them, Chengdu Tianma, Beijing Tianma sales revenue year on year growth of 11.42%, 28.33%, especially Deqing Tianma to achieve leap-forward growth, sales revenue increased by 14 times.
Machine tool business fell slightly. The company is mainly engaged in CNC machine tools, general machine tools and complete sets of equipment production and sales, the main products for heavy legislation, horizontal lathe. During the reporting period, due to continued downturn in downstream demand, the company's machine tool business sales revenue 637 million yuan, down 15%, accounting for the proportion of the main income fell to 40%. We are optimistic about the future development of high-end CNC machine tools prospects, will be expected to become a new profit growth point of the company's profits.
In the second half of the year, the company will further enhance its competitiveness in the bearing and machine tool industry, focusing on increasing the capacity of wind turbine bearings, replacing imported bearings and major CNC machine tools as soon as possible, improving product quality, expanding market share and actively developing Production of professional CNC machine tools, and continuously meet the aviation, railways, shipbuilding, new energy and other high-end market demand for rapid growth, and gradually realize the import substitution, while continuously upgrading the general bearing, railway bearing products added value.


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