In 2018, the main business income of the national bearing industry was 184.8 billion yuan (US $27.9 billion), an increase of 3.36% year-on-year, and the bearing output was 21.5 billion sets, an increase of 2.38% over 2017.

In 2019, China exported 6.18 billion sets of bearings, an increase of 2.5% over the same period last year, and earned 5.506 billion US dollars in foreign exchange, an increase of 5.35% over the same period last year. The total number of imported bearings is 2.396 billion, down 0.59% on the same period last year; the foreign exchange is 3.596 billion US dollars, down 2.29% on the same period last year. The surplus of import and export trade is 1.91 billion US dollars.       

  1) The negative growth of main business income is still expanding: 118 major enterprises completed 68.66 billion yuan of main business income from January to October, a year-on-year growth rate of - 4.03%, an increase of 0.19 percentage points over the previous month's - 3.84%. Top 10 enterprises in the industry (ranked by bearing business income: people-oriented, Wanxiang Qianchao, Wazhou, Tianma, Luozhou, Wuzhou Xinchun, Cixing, Xinhuo, Xiangzhou and huanchi) achieved main business income of 41.91 billion yuan, with a year-on-year growth rate of - 2.96%, 0.12 percentage points higher than the previous month's - 2.84%.

118 enterprises completed the bearing business income of 54.25 billion yuan, a year-on-year growth of - 4.77%, an increase of 0.14 percentage points compared with - 4.63% of last month; the top 10 enterprises completed 30.77 billion yuan, a year-on-year growth of - 3.51%, an increase of 0.12 percentage points compared with - 3.39% of last month.

2) The slowdown in industrial output is still expanding:     

The total industrial output value (current year price) of major enterprises (118 enterprises) has reached 56.18 billion yuan, a year-on-year growth of - 4.71%, an increase of 0.7 percentage points compared with - 4.01% of last month, and the bearing output has completed 4.28 billion sets, a year-on-year growth of - 5.44%, a decrease of 0.28 percentage points compared with - 5.72% of last month.

3) Bearing output speed reduction is greater than that of bearing     

Sales volume slowed down: from January to October, 118 enterprises produced 4.28 billion sets of bearings and 4.39 billion sets of bearings, with a production and sales rate of 102.57%. The year-on-year growth rates of production and sales were - 5.44% and - 1.31%, respectively.

4) The growth rate of inventory volume has rebounded significantly:     

From January to October, the bearing inventory of 118 enterprises was 8.99 billion yuan, with a year-on-year growth of 24.07%, 8.92 percentage points higher than that of last month's 15.15%.

5) There is a slight narrowing in the rate of profit reduction:

118 enterprises achieved a total profit of 3.69 billion yuan from January to October, with a year-on-year growth rate of - 16.34%. The total tax revenue reached 2.63 billion yuan, a year-on-year growth of - 14.26%.

Compared with last year, 43.22% of the total profit increased, and 52.54% of the total profit decreased year-on-year. From January to October, the loss area of loss making enterprises was 17.8%, and the number of loss making enterprises increased by 10.53% compared with the same period last year. The loss amount of loss making enterprises was 375 million yuan, an increase of 116.76% over the same period last year.