Axis Research Accelerates Expansion or Enters Bearing Mid-market

Axis Research Technologies, a listed company controlled by the first scientific research institute in Henan Province, set up a company in Shenyang, the first is to transfuse itself, improve the product structure, and scale civilian bearings; on the other hand, the stripping measures of the main and sub-products are also Axis research and technology investors have firm confidence. This is one stone and two birds.

On August 23, Luoyang Axis Research Technology Co., Ltd. (hereinafter referred to as Axis Research and Technology) issued an announcement saying: Axione Research Bearing Co., Ltd. will be established in Fuyang City, Anhui Province, with a wholly-owned registered capital of 30 million yuan.

On the day of the announcement, some investors stated that this axis research and technology establishment of Xiangyang Axis Bearing Co., Ltd., there will be greater follow-up actions, will also invest 500 million yuan in the local construction of a new base.

On August 28th, the author learned from Li Kai, executive dean of the sixth design and research institute of SINOMACH who attended the Yu-Shang conference. “Axis research and technology major shareholder SINOMACH has been with the SASAC of Fuyang City in Anhui Province in mid-August. Signing the agreement, Xiangyang City has transferred 100% equity of Shenyang Bearing to Guoji Group without compensation."

In this regard, Guotai Junan Securities analyst Han Qicheng said: "Axis Research and Technology reorganization of Shenyang Bearing, and decided to set up in the local company production and operation of P5 precision machine tool bearings, automotive bearing base, is obviously to open up the bearing mid-market!"

According to the announcement, Axis Research set up the company in Xiangyang to meet market demand, strengthen its competitive advantage, and achieve long-term strategic development goals. At the same time, it is also conducive to agglomeration advantages, improve product structure, and realize the future development strategy of Axis Research and Technology. .

It is understood that Axis Research is the first listed company controlled by Henan Province's first scientific research institute and is the only company with stable production of ultra-precision P2 and P4 bearing products. In the bearing industry, P2 and P4 bearing products It's a perfect product.

In spite of this, since Axis Research Technology is a high-tech enterprise established by a scientific research institute, its scientific research strength is strong and its research results are relatively large. However, the current level of civilian bearing product production is not high. As a result, Axiom Research has been lacking in market development capabilities for a long time, and the company's production and operation are facing the risk of slow industrialization.

“This is a two birds with one stone. Under the condition that the main business is unchanged, Axis Research has set up a company in Shenyang. The first is to transfuse itself and improve the product structure. On the other hand, the main and secondary products are stripped. Research technology investors have firm confidence, said Han Qicheng.

According to the disclosure of public information, in early 2009, affected by the international financial crisis, the development speed of the domestic bearing industry declined, and the entire bearing industry experienced a major reshuffle. “At that time, Xiangyang Bearing, which had a brand of more than 50 years, was faced with many internal and external pressures, like many small and medium-sized enterprises, and the development situation was very severe.” said Cui Hong, an analyst at China Bearing Network.

According to Professor Cuihong, in this context, Sunyang Bearing did its utmost to implement countermeasures. In October 2009, it became the only supplier of Jianghua Group Co., Ltd. in Anhui Province, supplying 17 models of products to it. .

"Despite the fact that Xiangyang Bearing survived the disaster, its strength was greatly hurt," said Shi Cuihong.

Shi Cuihong also stated: “In the more than 3,000 bearing manufacturing enterprises in the country, there are fewer companies capable of producing large-size segment bearings, all of which are located in the north. Liyang is located in the central part of the country, with advantageous location, convenient transportation, low transportation costs, and competitiveness. Stronger, it is estimated that this is also the main reason that Axione Technology looks at Shuyang."

According to Shi Cuihong, “In fact, at the beginning of 2010, Xiangyang Bearing had already started close contact with Axis Research. As the central government reorganization was supported and advocated by the government, Axione Research reorganized Sunyang Bearing and reached the end of 2010. Strategic cooperation agreement, but no specific plan has been formed."

According to the research and stocks issued by the Axi Research and Technology Shares, the Axis Research Institute has established Sunyang Axis Bearing Co., Ltd., and there will be greater follow-up actions. It will also invest 500 million yuan to build a new base in Liyang, and the local government will also divide it three times. Give Axis Research a 37 million yuan bonus fund and provide taxation and other preferential policies.

These are not covered in the announcement of Axis Research. Later, when the author contacted Yu Xi, the secretary of the board of directors of Axis Research, to understand the relevant situation, the other party rejected the author's interview.

Targeting the mid-range market "In the bearing industry, P4 or P5 represents the accuracy level of the bearing. The smaller the value, the higher the rating. Obviously, Axis is aiming at the mid-range bearing market," said Shi Cuihong.

Axis Research's main business is the production and technical service of bearing related products. The specific products include high-end bearing equipment such as aerospace special bearings and precision machine tool bearings. In particular, the military bearing is in the exclusive or monopoly supply position in China, and its profitability is high. It is one of the major sources of profit for Axis Research.

A year ago, Wu Zongyan, chairman and general manager of Axis Research, said in an interview that: “Axis Research has gradually accumulated sophisticated technology and strict quality management procedures in the long-term military product development process, but at the same time recognized that It is not enough to have high-precision technologies, but also to carry out large-scale production. These sophisticated technologies and strict quality management processes are used in the civilian production and mid-end product markets."

"The subdivision of the market had to enable Axis to consider product market transfer." Shi Cuihong said, "The reorganization of Shenyang Bearing and the establishment of a new company will further confirm the superior position of Axis Research on high-end bearing products. It is beneficial to enhance the continuous development of Axis Research Technology, and at the same time, the overall image at home and abroad will be greatly enhanced with the integration of Sunyang Bearing."

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