Xiangyang bearing into overseas markets

 evening, Xiangyang bearing announcement that the company intends to acquire 波 Nick Rolling Co., Ltd. (hereinafter referred to as FLT) of assets after the consent of both Chinese and foreign shareholders' meeting, the recent amendments to the Articles FLT has obtained the written consent of the Polish Treasury, ARP sell 89.15% of its shareholders shares of FLT-related issues have received financial institutions and commercial partners agree. This means that the acquisition close to success.
According to the program, Xiangyang bearing manufacturer intended to be 203 million yuan to buy the underlying shares. According to the announcement, FLT company in 2011, in 2012 net profit of 5,030,100 yuan in recent years, 7.0483 million yuan.
In the first February Xiangyang bearing losses 5,891,200 yuan, according to Deloitte Touche Tohmatsu audit report, FLT2013 From March to December earnings forecast of 9.603 million yuan.
Xiangyang bearing domestic business is not satisfactory, the net profit last year, only 500 million yuan, in the edge of breakeven. The acquisition is intended to expand overseas markets.OAP products into the harvest period. OAP product performance received OEMs favor, the future will continue to enhance penetration, our estimates 2015 global market size of nearly 10 billion OAP. Prior to the OEM market OAP INA and Leiden, as almost monopoly of foreign manufacturers, the company had eight years of research into the accumulation, OAP products already have the ability to supply large quantities of the next three years will enter the fast delivery stage; we expect 2013-2015 South bearing OAP were achieved sales 400,000, 1,000,000, 1,800,000 units, bringing revenues were 028 million, 070 million, 126 million yuan.
Alternative to enhance the high-end needle bearing double room for growth, gradual application of hybrid expansion needle bearing market.
We believe that needle roller bearings with light weight, small size and other characteristics of domestic consumption in the future upgrades and energy saving in the background, will continue to enhance its penetration; hand localization rate of needle roller bearings are also steadily , but still lagged behind the overall industry, the future still import substitution space; addition, energy progressively more stringent environmental requirements in the context of hybrid passenger cars is expected to accelerate the start-stop system applications, the core components of the enhanced starter motor applications will increase substantially corresponds to a single motor needle bearing demand will be doubled.