How about the bearings of China-Zhejiang high-speed railway?

The industrialization process is slow. Sino-Zhejiang high-speed railway is a joint-stock company of SINOMACH and the main carrier of SINOMACH's high-speed rail bearing business. Since the establishment of Sino-Zhejiang High-speed Railway for more than six years, due to the slow industrialization process of high-speed rail bearings, the company has invested too much money, resulting in a net profit loss for five consecutive years. Sino-Zhejiang High Speed Rail Bearing Co., Ltd. was established on 20 16, and is a subsidiary of China Machinery Industry Group, Luo Yang Axial Research Technology Co., Ltd., China Machinery Equipment Engineering Co., Ltd. and CRRC Equity Investment Co., Ltd. under CRRC.