2020-E-NEWS NO.03

News Express :
▲On February 28, Tianjin Saixiang Technology Co., Ltd. released its annual performance report for 2019. The total revenue of 2019 was 531,000,000RMB, increased by 16.92% compared with the same period of last year. Net profit attributable to shareholders of listed companies was 10,216,700RMB, increased by 37.89% compared with the same period last year.
▲Yanchang Rubber Company earnestly implements the arrangement and deployment of Party Committee of the company on epidemic prevention and control work and production and operation tasks. On the basis of scientific prevention and control of the epidemic, we will promote the resumption of production of enterprises in an orderly manner.
▲On March 5, Qingdao Special Steel Co., Ltd. decided to implement the environmental relocation and construction project, with a total investment of 4,983,000,000RMB. Products include an annual output of 500,000 tons of cord steel, tire ring steel and other 1,130,000 tons of blank.
▲The Thai plant of Quechen Silicon Chemical Co., Ltd. goes into operation this year. The Thai subsidiary is the first production base invested and constructed by Quechen overseas, and the project is being carried out in an orderly manner. Quechen has increased the stock of raw and auxiliary materials, carried out commissioning and trial production of the new production line, and produced some finished products, which are expected to be officially put into production in 2020 to increase the company's new capacity overseas.
▲On March 9, Sennics Co., Ltd. announced that its Thai subsidiary Sennics Thailand Co., Ltd. officially started construction in Logana Industrial Park, Chonburi Province, Thailand. This marks an important step in the global strategic layout of Sennics Co., Ltd.
▲Pengling Group: acquisition of sealing strip business, double plate collaborative development. On March 31, Tianjin Pengling Group Co., Ltd. released its 2019 annual report, which realized operating revenue of 1,601,000,000RMB, increased by 9.79% (year on year, the same below), and net profit of 136,000,000RMB, increased by 14.97%. Under the circumstance of the economic downturn of the automobile industry, as a well-known enterprise of automobile rubber hose, Tianjin Pengling Group Co., Ltd., the leading product of hose and assembly of automobile engine accessory system, generated revenue of 850,000,000RMB, decreased by 16.62%. The revenue of automotive fuel system hose and assembly reached 109,000,000RMB, decreased by 32.89%. 
▲On March 25, Pu Lin Cheng Shan Tire (Thailand) Co., Ltd. had good news, the first all steel radial tire smoothly off the line, marking all steel radial tire production lines through. Pulin Thailand is the first overseas production base of Pu Lin Cheng Shan. The factory adopts the leading design concept of the tire industry and designs according to the standard of green intelligent manufacturing. The first phase of the project is planned to be put into operation in the second quarter of 2020.


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