Harbin Bearing Group Company was established in 1950, which is one of the three major production bases of bearing industry in China and a famous large state-owned enterprise in China.

The enterprise covers an area of more than 960,000 square meters, employs more than 8,000 people, mainly produces more than 4,600 sets of equipment, with an annual production capacity of 80 million sets and an annual sales income of more than 65.438 billion yuan. Successfully provided supporting facilities for Shenzhou 5, Shenzhou VI, Shenzhou VII manned spacecraft, Long March II F carrier rocket, Chang 'e 1 and Chang 'e II satellite.

Harbin now mainly provides bearings for automobiles, agricultural machinery, rolling stock, electrical appliances, construction machinery, mining machinery, petrochemical industry, aerospace, national defense and military industry.