Circumstance of Bearings, Gears and Transmission Parts Industry in China

In 2014, bearings, gears and transmission parts industry achieved sales of 475.37 billion, has been raised by 14.5%. From 2010 on, domestic bearings, gears and transmission parts industry is developed with a stable speed all the time. In the period of 2010-2014, the average total sales growth rate is 17.20%.

In 2014, the total profit of domestic bearings, gears and transmission parts industry was around 30.79 billion, which is the highest recently. However, the growth rate was 9.6%, which has fallen down much. The total profit is showing a tendency to growth, but the growth rate is not stable.

The gross profit margin has dropped by 1.84%, which has gotten to the lowest in recent years, and was only 16.8%.

From www.sintscn.com