please contact sales@tanchin.hk for any inquiry
On the evening of April 22, Sheng Bearing, the chief information officer of Shanghai Securities Network, issued its annual report for 2018. In 2018, the net profit attributable to the owner of the parent company was 147 million yuan, an increase of 21.26% over the same period last year; the operating income was 663 million yuan, an increase of 16.96% over the same period last year; and the basic earnings per share was 0.74 yuan, a decrease of 3.90% over the same period last year. The profit distribution scheme is to distribute a discovery dividend of 3.50 yuan (including tax) for every 10 shares, and a total of 69.3 million yuan (including tax) for the discovery dividend.
The company specializes in R&D, production and sales of self-lubricating bearings. The products are widely used in automobile, construction machinery, port machinery, plastic machinery, agricultural machinery and other industries. Self-lubricating bearings are new products in the field of bearings. The main factors for the growth of self-lubricating bearings industry are the natural growth of the industry, the substitution of self-lubricating bearings for other types of bearings, the expansion and extension of new application fields, and the growth of export market.
According to the company, with the growth of downstream application fields of bearing industry such as machinery industry and automobile industry, and without considering the substitution of self-lubricating bearings for general sliding bearings, the growth of export market and the expansion of new application fields, it is expected that the self-lubricating bearing industry in China will still have a high natural growth rate in the coming years.
In 2018, based on years of service experience accumulated by overseas construction machinery customers, the company has made breakthroughs in product performance and overall solution exploration, and has developed many important domestic customers with professional capabilities. It has also cooperated with leading construction machinery mainframe factories in China, including Sany Group, Xugong Group and Longgong Holdings. On the basis of realizing the exclusive supply of the chassis parts of the excavator of Sany Group, the leading domestic construction machinery company, the two sides signed a strategic cooperation agreement, and will begin to cooperate in an all-round way. The company will provide the whole Sany Group with a solution of high performance self-lubricating bearing technology.


please contact sales@tanchin.hk for any inquiry
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