The sales side and the production side work together to overcome the impact of the epidemic. Since the beginning of this year, the bright spots of the Wazhou automotive bearing segment have been frequently seen: orders in the domestic market continue to grow, the market share of key customers continues to expand, and economies of scale are emerging; operating quality continues to improve, and per capita labor productivity Continuous growth, employee income has increased substantially. In the first five months, the sales of Wazhou's automotive bearing segment increased by 8.7% over the same period last year. In the face of increasing orders, high-end automotive bearing companies have set a number of new records this year: the monthly output of cylindrical roller automotive bearings continues to set new records, and will create new highs in June; trailer axle bearings set a new record in May; high-end cylindrical roller bearings Sub-car bearings began to be supplied in large quantities for the world-renowned Nordic luxury brand SUV passenger cars, marking the improvement of the accuracy level of the bushing cylindrical roller car bearings, which has reached the international level of similar products. From January to May, high-end automotive bearing companies achieved a 21% increase in operating income and achieved a record high profit.

All staff of Wafangdian Branch of High-end Automobile Bearings worked hard to meet market demand and the ability to meet market demand was rapidly improved, and the output increased month by month. From January to May, the two major domestic automobile industry key customers supported by the branch achieved operating revenues that increased by 6.4% and 8.4% respectively over the same period last year. At the same time, the branch went all out to reduce costs and increase efficiency, and significantly reduced manufacturing costs through a series of measures. Due to the impact of the epidemic, the Liaoyang branch of high-end automotive bearings significantly reduced export orders in April and May, while domestic orders increased rapidly. The branch quickly switched to production. At present, the domestic and foreign markets each account for 50%. The operating income from January to May increased by 15% over the same period last year. The branch company also vigorously implemented measures to reduce costs and increase efficiency and achieve substantial profit growth.

Aiming at innovation, research and development of accumulating automotive bearings, to achieve key breakthroughs. Due to the long development cycle of bearings in the automotive field, it generally takes 1 to 2 years. It is necessary to take a long-term perspective, plan ahead, and always persist and innovate. Since 2018, the Automotive Bearing Research Institute has fully cooperated with the sales side to complete the development of bearings for passenger cars and commercial vehicles at home and abroad, and has developed a total of 58 new specifications of products. Successfully researched and developed bearings for commercial vehicle axle hubs and final reducers of a well-known domestic automobile manufacturer, with large demand and rapid market growth; successfully completed the research and development of the first automotive synchronizer bearings for the bush, and realized the new structure design of synchronizers with customers; The bearing developed for the S gear transmission project of a well-known domestic auto parts manufacturer has realized the quality upgrade of the gearbox and the bearings used; the bearing developed for the retarder achieves high temperature resistance of 200 ℃, which greatly improves the braking safety of the vehicle , To achieve a win-win situation with customers; cooperate with a number of well-known domestic and foreign brand passenger car manufacturers, and are cooperating with projects such as differential bearings and gearbox bearings, expanding the market share of bearing The growth of the automotive bearing market has laid a solid foundation.

In the second half of the year, the order for Wazhou automotive bearings will continue to grow. At present, the employees of Wazhou Automotive Bearings sector are working hard and sprinting on the journey of high-quality development.