I can't extract sealed bearings out of hub I am attaching pictures of the rear hub of my Giant XTC Advanced 29” 1.5 2017. The hub is manufactured by Formula. 

I am unable to extract the bearings. I'm tapping hard from the side of pawls, bearings are supposed so be released in the other side but instead they don't move a milimeter and I am afraid of tapping even harder. What am I missings?

Thanks. 

UPDATE: Picture with outer bearings and spacer extracted, and inner bearing held by circlip.
I haven't done this one in particular, but here are some things that may be applicable:


The spacer between the two bearings may be a tubular spacer that with the axle out is simply held in place by friction. If so, with some persuasion you can nudge to one side, allowing you to hit the outer bearing with a punch from the inside out.
The inner bearing may be held in place with a circlip you presently can't see, keeping what you're trying to do now from working. It's been a while but I believe this is how Campy freehubs are put together.
An expanding collet type bearing extractor looks like it could work here. Here are the ones made by Wheels Mfg. The whole kit is expensive but individual ones are pretty reasonable. You'd do the outer bearing first and see what that uncovers once it's out.