1. Broad domestic automobile clutch bearings market, import substitution space |
Automobile clutch Stainless Steel Bearings are used between the starter and work machine or machines an important component of the internal power transmission between the drive shaft and the driven shaft separation function. Closely related to the development of the industry of automotive clutch bearings and downstream vehicle manufacturing. China is currently the world's largest car producer, domestic automobile production reached 18,418,900 in 2011, car production was 10,122,700. According to company estimates, it is assumed that the next three to five years, China's auto market to maintain the current growth, the domestic auto ancillary high-performance clutch bearing annual demand of 7.5 million units to 18 million units, a broad market space.
Supporting high-performance single domestic auto clutch bearing mainly imports, domestic support rate of less than 5%, and 95% of purchases of foreign products. The predecessor of the company is the industry's only subordinates a class of large-scale research institutes to establish a deep technical reserves and strong technical advantage in high-performance one-way clutch bearing. The high-performance one-way clutch bearing products developed by the company based on this technology has been successfully used in the field of special Water Pump Bearings in bulk. With continuously improve the performance of the car, the one-way clutch bearing more widely used in the automotive sector, leading to the rapid growth of high-performance one-way clutch bearing demand. The company will be in the high-performance technical advantages of the one-way clutch bearing and successful application in the field of special bearings for the foundation and development of the company's high-performance Deep Groove Ball Bearings business, the development of high performance clutch bearing products used in the automotive field. Company car with a high performance clutch bearing products import substitution of space is very large.
2, the completion of the project estimated annual contribution to a profit of 63.21 million yuan
According to the plan, the total investment of 150 million yuan, of which the construction of a total investment of 110 million yuan, initial working capital of 40 million yuan. Mesh construction period of 1.75 years is expected after the completion of one year of production. After completed, it is expected to realize an annual sales income of 300 million yuan, the total profit of 63.21 million yuan. The project is expected to be commissioned in the second half of 2014, began to fully contribute to the performance in 2015. The project's gross profit margin was 21%, close to the company's overall gross profit level, so estimates, when the annual thickening EPS0.11.
3, the project possible future risks facing
1 of the project there is a certain risk product development, manifested in two aspects: First, the part of the product development failure; Second, some products can not be developed within the expected time to complete.
2, in recent years, increased corporate investment, more funds needed if the company can not successfully raise project funds will affect the realization of the project is expected to target.
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