Baota Industrial Co., Ltd., formerly known as Xibei Bearing factory, is a third tier enterprise. It was established in 1965 and restructured and listed in 1996. It is the first listed company in China's bearing industry, the top 500 Chinese machinery industry enterprises, the largest bearing production enterprise in Western China and one of the well-known backbone enterprises in the bearing industry. NXZ brand is recognized as a well-known trademark in China and has obtained the qualification of national export exemption. Its products sell well in more than 50 countries and regions. The company has national enterprise technology center, national and local joint engineering laboratory and post doctoral scientific research workstation; It has passed the certification of IS09001 and IS014001 quality management system and is a national first-class unit of measurement; With a long history of military production, the company is the only enterprise in Ningxia Hui Autonomous Region with all military production qualifications and licenses. On December 25, 2020, Ningxia state owned capital operation group, a wholly state-owned enterprise invested and established by the people's Government of Ningxia Hui Autonomous Region, replaced Baota Petrochemical Group as the new actual controller of the company. It has established a grand blueprint for strengthening the bearing industry as the main line, aiming at strategic emerging industries and major equipment manufacturing industry, seizing the commanding heights of science and technology and market, and building Xibei bearing into a high-end bearing production base and a first-class brand enterprise.

Xibei Bearing Co., Ltd. is located in Yinchuan, the capital of Ningxia Hui Autonomous Region, which is known as "saishanghu city". The predecessor is Xibei bearing factory, which was founded in 1965. In April 1996, Xibei Bearing Co., Ltd. was established, which is the first A-share listed company in China's bearing industry.

The company is mainly engaged in the production and sales of all kinds of rolling bearings. The products are widely used in the host supporting of petroleum, metallurgy, railway, mining, construction engineering, heavy-duty automobile, motor, agricultural machinery and other industries. The company is the largest R & D and production base of petroleum machinery bearings in China, and the core manufacturing technology of petroleum machinery bearings is at the international leading level. The company can produce more than 5000 types of rolling bearings with an outer diameter of 40mm to 3500 mm according to international standards and the latest national technical standards, and can produce various non-standard bearings and special structure bearings according to user requirements. The company has the right to import and export, and exports bearing products to more than 50 countries and regions.

The company passed IS09001 quality system certification, IS014001 environmental management system certification and national GB / t19022-2003 / ISO10012 perfect measurement system certification (AAA) in 1997. It is a national first-class measurement unit. It has a national enterprise technology center, a postdoctoral research workstation and the only Petroleum Machinery Bearing Research Institute in China's bearing industry. The "NXZ" trademark is recognized as a "well-known trademark in China". In 2008, the company won the honorary titles of "national export commodity inspection exemption qualification" and "autonomous region petroleum R & D innovation team", and passed the certification of "national high-tech enterprise".

After more than 40 years of development, the company has continuously improved its product design and process manufacturing level, scientific research and development and technological innovation ability, and has mastered the mature, unique and relatively stable core technology of metallurgical rolling mill bearings, heavy-duty automobile bearings, petroleum machinery bearings, especially petroleum machinery bearings. In the domestic bearing production and manufacturing industry, the comprehensive technical level of Xibei bearing products is in a leading position. More than 100 new products have filled the domestic gap, 10 products have been rated as national key new products, and "NXZ" brand metallurgical and petroleum machinery bearings have been rated as famous brand products in Ningxia. The company has high-level technical R & D personnel, independently developed computer cae-cad-capp design software and bearing data management integrated PDM system that are at the leading level in China's bearing industry, and has been awarded the title of "national CAD application engineering demonstration enterprise" by the Ministry of science and technology of the people's Republic of China.

The development of the company has also been highly valued and supported by the state and governments at all levels. Party and state leaders such as Hu Jintao, Wu Bangguo, Qiao Shi, Li Ruihuan, Li Tieying, Wang Zhongyu, Qian Qichen, Zou Jiahua and Wang Bingqian visited the company and spoke highly of it. The company has successively won the honorary titles of "China 21315 quality credit rating certificate", "management progress demonstration enterprise of machinery industry", "training demonstration base of high skilled talents in machinery industry", "winner of national Ankang cup competition", "top ten meritorious units for promoting the sustainable development of Ningxia" and so on.