South Bearing plans to invest 5 million to enter the electricity supplier

On February 27, 2014, Nanfang Bearing Co., Ltd., a listed company in Wujin High-tech Zone, announced that it plans to establish “Southern Jiangsu Zhisheng E-Commerce Co., Ltd.” in Changzhou and integrate its “China Bearing Network” and “China Auto Parts Network” website. , To create an online trading platform for bearings and auto parts.

According to the announcement, the registered capital of Southern Zhizhi was 5 million yuan, and the registered address was Wujin High-tech Zone of Changzhou City. Nanfang Bearing invested cash, and its shareholding ratio was 100%.

There are more than 15,000 auto parts manufacturers in China, and auto sales have increased year by year. According to the statistics of the Bearing Industry Association, in 2010 there were 1,850 large-scale bearing manufacturers in the industry, with a bearing output of 15 billion sets and sales of 120 billion yuan. The company believes that the integration of bearings and the distribution of automotive parts and components contains a huge market opportunity. Bearings and auto parts are standard products. National laws and development plans also provide effective protection. Online trading conditions are mature.

The annual report released by Midland Bearing in the middle of last month showed that operating income reached 268 million yuan last year, an increase of 13.56% year-on-year; net profit attributable to shareholders of listed companies was approximately 47,109,900 yuan, a year-on-year increase of 19.88%.

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