Strong Financial Result of China Bearing Industry in 2004

Statistically, in the past 2004 the financial result of China bearing industry was strong. The total industry output value hit RMB22.37 billion Yuan, upped 21.25% from 2003; sales value hit RMB22.37 billion Yuan upped 21.57%; industrial additional value hit RMB6.39 billion Yuan upped 16.82%. The 92 enterprises involved in the statistics together produced 1.61 billion sets of bearings, upped 11.83%; bearing sales hit 1.635 billion sets, upped 12.83%; export sales reached 695 million sets, upped 6.54% and bearing stock upped 5.63%, from 3.313 billion to 3.499 billion sets. Total sales income of these 92 enterprises hit RMB21.29 billion Yuan, upped 18.95%. Sales of bearings hit RMB16.69 bilion Yuan which included RMB4.16 billion Yuan's export. Total revenue hit RMB1.72 billion Yuan, upped 16.85%.