Old wine in new bottles made
Bearing three quarters reported, due to higher raw material prices by increasing the total cost of sales resulted in an increase in operating revenues for the period by 12%, but the loss of net profit of 4876. 500 yuan.
Because of the expectations of corporate performance is mainly due to the decline in the domestic market is very competitive low-end storage, scattered, chaotic and does not change the situation is even worse, more intense competition, the wars of pricecompetition remains the primary means. While the auto industry has experienced explosive growth downstream after the first two years have seen growing in a relatively stable period of development, coupled with the upstream costs of additional raw materials, leading to three factors superimposed are the long bones, not just meat.”
In this context, the transformation of domestic enterprises, warehouses other high-speedwind power, precision tools for CNC machines and other high-end products have evolved, but Air Turbine Bearings is a willing private placement increase, $ 680 million to further expand the existing commercial product tapered High-Speed Handpiece Bearing and constant velocity jointautomobile production capabilities.
Keeping in previous announcement that the proposed non-public offering of 120 million shares, the issue price of not less than 5.72 yuan part / intent to start a business, thetricyclic group, which not more than 10 funds 686.4 million yuan particular object belong to three Xiang, Central Park, an industrial construction projects axis.