Sifangda announced today that it has two industrial construction projects with a total investment of more than 200 million yuan. The company said it plans to use the over-raised funds of RMB 132 million to invest in the construction of polycrystalline diamond compact (PDC) picks and downhole drill bit industrialization projects. The project will have an annual production capacity of 668,000 PDC picks and an annual production capacity of 25,000 PDC DTH drill bits. The project period is 1.5 years, including one year of construction period, and the project will be accepted and put into operation in December 2012. After the project is put into production, the year The average sales income was 349 million yuan, the annual average profit was 839.646 million yuan, and the internal rate of return (after tax) was 37.57%. At the same time, the company will also use the over-raised funds of 92.039 million yuan to invest in the construction of PCD/PCBN composite sheet metal cutting project. The project will build a new PCD/PCBN composite sheet production line for metal cutting, forming an annual production capacity of 53,000 pieces of PCD/PCBN composite sheets for metal cutting. The project period is 1.5 years, of which the construction period is 1 year. In December 2012, the project was accepted and put into production. The annual average sales income of the project is 74.256 million yuan, the annual average profit is 41.937 million yuan, and the internal rate of return (after tax) is 33.51%. The company's first-half annual report disclosed today showed that the operating income during the period was 52.564 million yuan, a year-on-year increase of 8.83%, and the net profit was 18.15.53 million yuan, a year-on-year increase of 7.06%. Click to download: Announcement of Henan Sifangda Superhard Materials Co., Ltd. on the use plan of super-raised funds
 Machine Tapered Bearings
Bearings play a vital role in the machinery industry. Here are a few of the main roles of bearings in the machinery industry:
1. Support and positioning: Bearings are used to support rotating shafts and wheels so that they can rotate smoothly and ensure that their positions are accurate. Bearings enable machinery to operate efficiently by reducing friction and resistance.
2. Transmit force: Bearings are able to transmit force in mechanical equipment so that it can work properly. For example, crankshaft bearings in automobile engines transmit the power generated by the engine to enable the vehicle to move.
3. Reduced friction and wear: Bearings reduce friction and wear in mechanical equipment by providing lubrication and reducing direct contact between metal surfaces. This not only extends the service life of the mechanical equipment, but also reduces the frequency of maintenance and repairs.
4. Protection against vibration and noise: Bearings reduce vibration and noise in mechanical equipment. By balancing and stabilizing rotating parts, they reduce vibration and noise during the operation of mechanical equipment.
In conclusion, bearings play a vital role in the machinery industry, supporting and positioning rotating components, transmitting force, reducing friction and wear, and preventing vibration and noise. Without bearings, machinery and equipment would not function properly.
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