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Domestic bearing market demand is still large, many market segments still maintain growth momentum. The four major industries, the car is expected to increase this year, 15%; railway reform in the system, the investment started, the recent national approval of the five new railway projects this year, market demand will increase; wind power is still the direction of clean energy development, China Guodian , Ming Yang wind power, gold wind technology and other enterprises are increasing production this year, Siemens, GE and other well-known international export demand of enterprises is also increasing; industrial equipment bearing a wide range, involving more than 20 industries, each industry has developed Very fast business, mainframe and maintenance requirements are very large. There are domestic host industry in order to break through foreign barriers, reduce costs and improve competitiveness, the middle and high-end products to replace imported demand increased significantly, high-end market has great potential. The international supply chain for high-end bearing export demand is also expanding, the last two years, foreign enterprises from bearing to forgings have expanded in China's purchases, as long as the product can be upgraded to meet the needs of the international market prospects.
In the situation of intensifying market competition, the Group has put new growth points in breaking through high-end bearings and breaking the international market, and actively adjust product structure and develop high-end products. The first half of this year, the company independent research and development of the railway axle heavy axle products to break foreign companies 8 years of Chinese railway truck bearing technology monopoly, relying entirely on independent intellectual property rights, in the short term completed from product development to trial production to mass production. Wazhou Group has taken the lead in breaking the bottleneck in the wind turbine parts industry and has become the only one in China to develop all matching bearings of 1.5MW, 2.0MW, 3.0MW and 5.0MW wind turbines. It fully mastered the R & D, manufacturing and testing technology of wind power supporting bearings, Wind power bearings have been into Germany, Denmark and other internationally renowned fan manufacturers. With the wind power industry began to return to prosperity this year, Wazhou wind power bearing project is the formation of the first half of the main factors of market growth, but also the second half of the main highlights of the market. Developed for the world's largest tonnage reclaimer supporting the diameter of 11 meters of bearings, in the design, manufacturing process to achieve a lot of innovation and breakthroughs to fill the domestic technology, manufacturing and testing of the gaps in the Chinese bearing industry first to master The ultra-large bearing the core technology, creating 12 of China's first. Export auto bearing stable production and realize the bulk supply, export of internationally renowned enterprises bearing project is steadily advancing, has entered the product trial stage, will bring a huge follow-up market orders. At the same time, a number of industrial equipment, high-end products, represented by the Sendzimir rolling mill bearing in the steel industry, have completed the technical preparation and possessed a certain market foundation, which will release potential in the future and become a new growth point for the Company's market.
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