TigerResearch/tigerbot-earning-plugin huggingface dataset:
The company is the leading enterprise of bearing manufacturing in China and has participated in the formulation of many standards in the industry.
In 2022, the international economic situation is complicated, with geopolitical tensions and economic changes superimposed, transnational corporations' domestic investment further grabs domestic market share, international economy and trade face severe challenges, international capital market fluctuations, high commodity prices, international trade and logistics difficulties, global supply chain situation is still tight, and the total demand of the domestic market shrinks. Market expectations have weakened, which brings new challenges for the company's development. But there are challenges as well as opportunities. The Central Economic Work Conference has made it clear that stability is the top priority, and the general tone of seeking progress while maintaining stability. The State Council has come out with many measures to stabilize the economy, expand consumption, promote consumption, and moderately advance infrastructure investment policies. Major projects, major strategies and major projects have been started successively, providing a larger space for the company's product development, coupled with continuous breakthroughs in bearing core technology and continuous improvement in industry concentration. Domestic alternative opportunities to accelerate the emergence of the company's development opportunities to further improve.
II. Main business of the Company during the reporting period
The business scope of the company is licensed items: inspection and testing services, import and export of goods, import and export of technology (items subject to approval according to law, business activities can be carried out only after approval by relevant departments, specific business items subject to approval results) general items: Bearing manufacturing, bearings, gears and transmission components manufacturing, high speed precision heavy-duty bearing sales, sales bearings, gears and transmission parts, bearing sales, general equipment manufacturing (excluding special equipment manufacturing), high-speed rail equipment, parts manufacturing, machinery and equipment sales, rail transportation equipment, key system and parts sales, sales of lubricating oil, high-speed rail equipment and accessories sales, Wind generators and spare parts sales, machinery parts, spare parts sales, railway locomotive vehicle accessories manufacturing, railway locomotive vehicle accessories sales, auto parts and accessories manufacturing, auto parts wholesale and retail auto parts, metal products repair, sales metal materials, metal products sales, metal surface treatment and heat treatment processing, quenching process, Mechanical parts and spare parts processing, land use right leasing, housing leasing, non-residential real estate leasing, mechanical equipment leasing, computer and communication equipment leasing, transportation equipment leasing service, office equipment leasing service, storage equipment leasing service, special equipment leasing, labor service (excluding labor dispatch), Technical services, technology development, technology consultation, technology exchange, technology transfer and technology popularization (except for projects subject to approval according to law, independently carry out business activities according to law with business license)
The company has strong manufacturing capacity and quality assurance ability, widely serve railway, metallurgy, mining and other industries and fields.
III.Analysis of core competitiveness
As the largest bearing technology and product R&D and manufacturing base in China, the company has accumulated many years of practical experience in bearings and related fields, established a sound bearing technology innovation system, and maintains close cooperation with domestic research institutes and universities. As the main draftsman of several standards in the bearing industry, it has mastered the latest technical trends of the development of the industry. It has established significant advantages in technology research and development, product manufacturing, marketing and user service.
The company's personalized design and manufacturing process for customers can take into account cost, delivery time and customer needs, improving the responsiveness to the market and customer personalized needs.
The company has a complete product service system, with all-weather dynamic service capability for product operation site. And with the "ten value-added services" good image by the majority of customers praise. The company has a strong manufacturing capacity and quality assurance ability, a wide range of services in railway, metallurgy, mining and other industries and fields.
At present, the company has established strategic cooperative relations with key customers in the field of domestic equipment application. Through the involvement of customer value engineering to carry out in-depth marketing, the company has firmly established its brand and influence in the domestic bearing market. In the international market, the company has obtained the qualification of the important target market, and the international visibility has been preliminarily established.
IV. Analysis of main business
1.overview
In 2022, the company's business environment is still not optimistic, product prices are affected by the environment, the sales price of general products failed to achieve the planned increase, and the competition in the bearing industry is more intense. Various difficulties and adverse factors, such as rising raw material prices and dual control of energy consumption, still seriously restrict the development of the company. In the face of operational difficulties, the board of directors of the company guides the managers to implement specific countermeasures and measures in accordance with various tasks of the production and operation plan, and thoroughly implements the fundamental requirements of high- quality development of the company. Under the influence of various adverse factors, the board of directors persists in comprehensively improving the quality of operations and products, and leads the managers to go all out to explore the market, reduce costs and increase efficiency. Try our best to adjust the market, customer and product structure, accelerate the company to achieve high-end, international, service-oriented and information-based leadership, and enhance the competitiveness of the company. In 2022, the company's main production and operation indicators are as follows:
During the reporting period, the company achieved annual operating revenue of 2.348 billion yuan, with a year-on-year growth of 1.28%; Net profit - 139.9 million yuan. Total assets of 3.324 billion yuan, an increase of 3.25%; Net assets of470 million yuan, down 22.68 percent year-on-year.
(1) Composition of operating revenue
|2022||2021| Year-on-year increase/decreas
 Amount| Proportion in the operating| Amount| Proportion in the operating|
|revenue||revenue|e|
 Total operating revenue 2,348,330,561.57|100%|2,318,704,350.35|100%||1.28%
 Classified based on sectors|||||
exit 183,070,741.80|0.08%|93,491,561.62|0.04%||0.96%
 Traffic bearing 464,294,040.26|0.20%|170,285,070.15|0.07%||1.73%
 Special bearing 747,799,858.70|0.32%|998,964,768.13|0.43%||-0.25%
 Universal bearing 660,468,972.71|0.28%|751,560,167.01|0.32%||-0.12%
Industrial operation 57,995,059.14|0.02%|51,782,931.78|0.02%||0.12%
 Other business 234,701,888.96|0.10%|252,619,851.66|0.11%||-0.07%
 Classified based on product bearing 2,055,633,613.47|0.88%|2,014,301,566.91|0.87%||0.02%
 Industrial operation 57,995,059.14|0.02%|51,782,931.78|0.02%||0.12%
 Other business 234,701,888.96|0.10%|252,619,851.66|0.11%||-0.07%
 Classified based on regions domestic 2,165,259,819.77|0.92%|2,225,212,788.73|0.96%||-0.03%
abroad 183,070,741.80|0.08%|93,491,561.62|0.04%||0.96%
Classified by sales model|||||
(2) The industry, product, region and sales mode accounting for more than 10% of the company's operating revenue or operating profit
|||| Unit:yuan
 Operating costs||| Operating income was| Gross margin
 Operating income increased or decreased| Operating cost| Gross profit margin|from a year up or down|down from a was up or
 Classification by industry from a year earlier|||earlier|year ago
exit 183,070,741.80 81.52%|149,139,201.78|18.53%|95.82%|18.41%
 Traffic bearing 464,294,040.26 181.06%|351,251,441.07|24.35%|172.66%|24.08%
 Special bearing 747,799,858.70 -37.57%|512,967,147.61|31.40%|-25.14%|31.23%
Universal bearing 660,468,972.71 13.28%|642,512,057.11|2.72%|-12.12%|2.47%
 Industrial operation 57,995,059.14 13.50%|59,662,769.65|-2.88%|12.00%|-2.86%
 Other business 234,701,888.96 -11.46%|182,374,798.19|22.30%|-7.09%|22.11%
 Classification by product bearing 2,055,633,613.47 3.75%|1,655,869,847.57|19.45%|2.05%|19.24%
 Industrial operation 57,995,059.14 13.50%|59,662,769.65|-2.88%|12.00%|-2.86%
 Other business 234,701,888.96 -11.46%|182,374,798.19|22.30%|-7.09%|22.11%
 Classification by regions domestic 2,165,259,819. -1.33%|1,748,768,213.6|19.24%|-2.69%|19.03%
abroad|183,070,741.80|149,139,201.78|18.53%|95.82%|81.52%|18.41%
 Classified by sales model If the statistical caliber of the company's main business data is adjusted during the reporting period, the company's main||||||
business data in the recent year shall be adjusted according to the caliber at the end of the reportApplicable Inapplicable
(3) Whether the company's income from physical sales is greater than the income from labor service
Industry classification||item||unit|2022|2021| Compared with last year(+/-)
|sales|| Set of||24,262,634|37,926,445.00|-36.03%
bearing|production|| Set of||16,105,384|28,150,179.00|-42.79%
|inventory|| Set of||11,171,685|19,208,935.00|-41.84%
Causes of the change in the year-on-year data by over 30%
The current production of medium and large products than major, on the other hand, to reduce inventory
(4) Implementation of Important Sale Contracts Concluded at the End of the Reporting Period□Applicable Inapplicable
(5) Composition of Operating Costs
Classified based on sectors and products
Classified based on sectors|item| Amount|2022| Proportion in operating costs| Amount|2021| Proportion in operating costs| Year-on-year(+/-)
bearing||1,655,869,847.57||87.25%|1,595,963,175.85||86.06%|3.75%
 Among them: raw materials||1,185,963,973.00||62.49%|1,137,994,367.05||61.36%|4.22%
 Labor cost||175,005,159.32||9.22%|169,264,570.92||9.13%|3.39%
depreciation||50,331,285.07||2.65%|53,741,418.23||2.90%|-6.35%
 Energy consumption||60,813,468.10||3.20%|52,798,181.32||2.85%|15.18%
other||183,755,962.08||9.68%|182,164,638.33||9.82%|0.87%
 Industrial operation||59,662,769.65||3.14%|52,567,274.97||2.83%|13.50%
 Other business||182,374,798.19||9.61%|205,983,916.30||11.11%|-11.46%
total||1,897,907,415.41||100.00%|1,854,514,367.12||100.00%|2.34%
(6) Is there any change in the consolidation scope in the reporting period
(7) Is there any significant change or adjustment related situation take place in the Company’s business, products or services in the reporting period
(8) Major trade debtors and major suppliers
Total sales amount of top five customers (Yuan)|556,080,051.35
 The total sales amount of the top five customers accounts for the total annual sales|23.68%
Proportion of related party sales of top five customers in total annual sales
No.| The customer name| Sales (Yuan)| Percentage of total annual sales
1| Customer controlled by the same actual controller 1|393,888,608.95|16.77%
2| Customer 2|56,492,552.85|2.41%
3| Customer 3|37,672,455.47|1.60%
4| Customer 4|34,095,801.60|1.45%
5| Customer 5|33,930,632.48|1.44%
 Total|--|556,080,051.35|23.68%
Other information of major customers□Applicable Inapplicable
Total Purchase Amount of Top 5 Suppliers (RMB)|1,102,831,686.09
 The total purchase amount of the top five suppliers accounts for the proportion of the total annual purchase|56.67%
 The proportion of the purchase amount of related parties in the total annual purchase amount of the top five suppliers|51.25%
| No.| Name of suppliers| Amount of purchase(RMB)|purchase of year(%)  Percentage in total
1|| Supplier controlled by the same actual controller 1|997,302,798.05|51.25%
2|| Supplier 2|35,141,808.41|1.81%
3|| Supplier 3|24,826,662.30|1.28%
4|| Supplier 4|24,301,819.82|1.25%
5|| Supplier 5|21,258,597.51|1.09%
 Total||--|1,102,831,686.09|56.67%
 Other information of major suppliers||||
|2022|2021|increase/decrease|changes
||| Year-on-year| Note to significant
 Sales expenses|162,537,964.38|172,118,808.99|-5.57%|
 Administrative expenses|115,099,647.00|109,978,729.45|4.66%| Mainly due to the significant year-on- year increase in net exchange income
 Financial expenses|31,407,471.87|39,397,717.95|-20.28%|
 R&D expenses|231,245,330.98|215,803,912.39|7.16%|
4. Investment in R & D
Name of main R&D project| Project purpose| Project progress| The goal to be achieved| Estimated impact on the company's future development
 Four row cylindrical| Optimized and| Implement and| Optimize and| Greatly promoted the
roller bearings for reinforced composite cage|improved product structure for bearing working conditions, reduced bearing temperature rise, and reduced cage product loss.|complete according to the project plan|improve the external guard edge, increase the Angle of the guard edge, ensure adequate lubrication, and reduce the temperature rise of the bearing.|enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social benefits.
 Bearing for wind turbine reducer| The processing technology of ring grinding was modified, the raceway was processed by NC equipment, and the special quota of NC production line was established to improve the production rate.| Implement and complete according to the project plan| Reformulates the product design and process standard of wind turbine reducer bearing, optimizes the ring grinding process.| Greatly promoted the enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social benefits.
 Construction machinery bearing| Unified clearance testing standards, to solve the quality problems of construction machinery bearing heating, noise, early fatigue damage.| Implement and complete according to the project plan| The cage structure is optimized to improve the bearing capacity. Develop special technical requirements for grinders and set up internal CNC production line to reduce bearing loss.| Greatly promoted the enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social benefits.
 Optimization and development of oversized high pressure roller bearing| Solve the problem of unstable quality of232/1250X3F3K30/W33X bearing in the early stage, improve the service life and reliability of bearings, and optimize bearing design and processing in an all-round way.| Implement and complete according to the project plan| Optimize the product mix.| Greatly promoted the enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social
||||benefits.
 High reliability, long life cold roll bearing| Improve bearing capacity, product precision and impact resistance of cold roll system, gradually replace imports.| Implement and complete according to the project plan| Improve service life and product accuracy, improve product quality and reliability| Greatly promoted the enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social benefits.
 Bearings for high precision and long life four-row tapered rolling mill| Through technical improvement, the serious pollution of bearings in four-row tapered rolling mill is solved, as well as the long life and reliability problems of domestic bearings.| Implement and complete according to the project plan| Improve service life and product accuracy, improve product quality and reliability| Greatly promoted the enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social benefits.
 Large tapered roller bearing for wind power| This project aims to develop the conical bearing of the main shaft of large power fan as the goal, and strives to master the structure and performance design methods of the main shaft bearing of large power fan, breakthrough bearing machining, organization control, performance detection and other key technologies, forms the design criteria and manufacturing technical specifications of the main shaft bearing of large power fan, and improves the design and manufacturing level of the main shaft bearing of fan in our country.| Implement and complete according to the project plan| Promote the main shaft bearing of high- power fan to be domestically produced, and provide guarantee for the bearing of high- power fan and the independent development of wind power industry in our country.| Greatly promoted the enterprise research and development level, process design, test technology, simulation computing and other independent innovation ability to improve, and the product operation is reliable, good effect, economic and social benefits.
Number of R&D personnel(people)||2022||2021| Changes in the proportion
|295||325||-9.23%
 The proportion of R&D personnel|12.18%||13.61%||-1.43%
 Educational structure of R&D personnel undergraduate|34||33||3.03%
 Master's degree|4||4||0.00%
 Age composition of R&D personnel Under 30 years old|30||33||-9.09%
30 to 40 years old|93||95||-2.11%
R&d investment of the company||2022||2021| Changes in the proportion
 R&d investment amount(Yuan)|231,245,330.98||215,803,912.39||7.16%
 R&d investment as a percentage of revenue|9.85%||9.31%||0.54%
 Capitalized amount of R&D investment (Yuan)|0.00||0.00||0.00%
 Capitalized R&D investment as a percentage of R&D investment|0.00%||0.00%||0.00%
 Causes and impacts of major changes in the composition of r&d personnel|||||
The reason for the significant change in the proportion of total R&D investment to revenue over the previous year□Applicable Inapplicable
The reason of the large change of capitalization rate of R&D investment and its rationality explanation□Applicable Inapplicable
5.Cash flow
project|2022|2021| Year-on-year (+/_)
 Subtotal of cash inflow from operating activities|1,277,527,933.41|1,280,954,319.22|-0.27%
 Subtotal of cash outflow from operating activities|1,193,262,383.51|1,203,276,156.74|-0.83%
 Net cash flow from operating activities|84,265,549.90|77,678,162.48|8.48%
 Subtotal of cash inflows from investing activities|1,796,661.89|2,097,844.44|-14.36%
 Subtotal cash outflow from investment activities|12,861,168.20|4,753,911.10|170.54%
Net cash flow from investing activities|-11,064,506.31|-2,656,066.66|316.57%
 Subtotal cash inflow from financing activities|1,166,898,875.78|931,600,000.00|25.26%
 Subtotal cash outflow from financing activities|1,225,043,749.57|957,694,735.35|27.92%
 Net cash flows from financing activities|-58,144,873.79|-26,094,735.35|122.82%
 Net increase in cash and cash equivalents|17,509,394.95|46,119,096.45|-62.03%
The main influencing factors of the major changes in relevant data compared with the same periodApplicable Inapplicable
The reason for the significant difference between the net cash flow generated by the company's operating activities during the reporting period and the current year's net profit
V. Analysis of non-main business
| Amount| Proportion of total profits| Causes of formation|| Whether it is sustainable
 Return on investment|6,892,627.00|-4.92%| Debt restructuring| No|
 Change in fair value gain or loss|-78,583.43|0.06%| Chongqing Iron and Steel holdings| No|
 Asset impairment|-56,613,540.97|40.45%| Impairment of receivables, inventory, fixed assets, construction in progress, etc| No|
 Non-operating income|3,927,967.83|-2.81%| Penalty income and unpayable payment write-off, etc| No|
 Non-operating expense|656,315.14|-0.47%| Foreign donations and non-current assets damage and scrap losses and other debt restructuring| No|
Unit:yuan
VI. Situation of assets and liabilities
1. Major change in asset items
| At the end of the year 2022|| At the beginning of the year 2021|| The| Notes on
| Amount| Percentage of total assets| Amount| Percentage of total assets|proportion (+/_)| Changes  Major
 Monetary funds|330,746,706.88|9.95%|286,476,701.69|8.90%|1.05%|
 Accounts receivable|1,136,295,329.59|34.18%|999,454,308.40|31.04%|3.14%|
Contractual assets|601,375.84|0.02%|3,763,781.55|0.12%|-0.10%
inventory|646,619,143.91|19.45%|710,611,964.20|22.07%|-2.62%
 Investment real estate|67,211,806.69|2.02%|68,862,311.38|2.14%|-0.12%
 Fixed assets|391,769,315.64|11.78%|438,220,714.18|13.61%|-1.83%
 Construction in progress|81,891,139.54|2.46%|25,929,699.29|0.81%|1.65%
 Short-term loan|699,000,000.00|21.02%|677,000,000.00|21.02%|0.00%
 Contractual liability|30,449,983.07|0.92%|38,426,632.29|1.19%|-0.27%
Foreign assets account for a relatively high proportionApplicable Inapplicable
2.Assets and liabilitiesmeasured at fair value
|| Current| Accumulate| Impairme||||
item|balance  Ending|profit and fair value change|in fair value d changes|nt of the current| Purchase  Current| Current  Sale|changes  Other| The final number
 Financial assets1. Transactio nal financial assets(excluding derivative financial assets)||loss|of equity|period| Amount| Amount||
|322,037.93|-78,583.43|-323,578.80|0.00|0.00|0.00|0.00|243,454.50
4. Investmen t in other equity instrument s|11,926,856.64|||||||11,926,856.64
 Financial assets subtotal|12,248,894.57|-78,583.43|-323,578.80|0.00|0.00|0.00|0.00|12,170,311.14
other|||0.00|0.00|0.00|0.00||
 Financing of receivable s|28,115,340.20|0.00|0.00|0.00|0.00|0.00|2,881,590.43|30,996,930.63
 Above total|40,364,234.77|-78,583.43|-323,578.80|0.00|0.00|0.00|2,881,590.43|43,167,241.77
 Financial liability|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00
Whether the measurement attribute of the company's main assets has changed significantly during the reporting period□Yes No
3.Limitation of asset rights by the end of the report
By the end of the reporting period there is no limitation on the rights of major assets of the company.
V. Investment
2.Significant equity investments obtained during the reporting period3. Major ongoing non-equity investments during the reporting period
3.Significant non-equity investment in process in the reporting period
4. Financial asset investment
(1) securities investment
Variet ies of secur ities| Variet ies of code| The abbre viatio n of secur ities| Initial cost of invest ment| Acco untin g meas urem ent mode l| Initial book value| Curre nt fair value chan ge profit and loss| Accu mulat ed chan ges in fair value of equit y| Curre nt Purch ase Amou nt| Curre nt Sale Amou nt| Profit and loss durin g the report ing perio d| Endin g book value| Acco untin g subje ct| Sourc es of fundi ng
 Dom estic and foreig n stock s|601005| Chon gqing iron and steel|567,033.30| Fair value meas urem ent|322,037.93|-78,583.43|-323,578.80|0.00|0.00|-78,583.43|243,454.50| Tradi ng finan cial asset s|debt- for- equit y
total|||567,033.30|--|322,037.93|-78,583.43|-323,578.80|0.00|0.00|-78,583.43|243,454.50|--|--
(2)derivatives investment
There is no derivative investment during the reporting period.
5.Use of the raised funds
No use of the raised funds during the company's reporting period.
VIII. Sales of Significant Assets and Equity
1. Sales of Significant Assets□Applicable Inapplicable
2. Sales of Significant Equity□Applicable Inapplicable
IX. Analysis on Principal Subsidiaries and Mutual Shareholding Companies