2020-E-NEWS NO.05

News Express :

▲On April 25, Guizhou Tire Co., Ltd.'s 2019 annual report showed that it completed sales of 6,067,500 units of tires, increased by 7.87%; realized main business income of 6,416,000,000 RMB, increased by 10.89%; realized a net profit of 135,000,000 RMB, increased by 53.61%.
▲Recently, the operating data of Shuangqian Tire in the first quarter was released. Data showed that from January to March, the production of dual-money tires reached 2,035,800 units, the sales volume reached 2,076,000 units, and the amount of sales reached 1,313,000,000 RMB. The average selling price of each tire product is 632.30 RMB. Its tire production is decreased by 23.40% compared with last year, the sales volume is decreased by 25.02%, and the amount of sales is decreased by 23.03%.
▲A few days ago, Jinneng Science and Technology Co., Ltd. released its first quarter report of 2020. The announcement showed that during the reporting period, the company's completed operating income was 194,800,000 RMB, decreased by 2.55% compared with last year (the same below); the net profit reached 240,000,000 RMB, increased by 63.19%; the company's gross profit margin was 18.4%, increased by 6.2%; the net interest rate was 12.2%, increased by 4.9%. Operating cash flow increased significantly by 639.1%.
▲Shortly before, two Top 200 Chinese import and export enterprises were released in 2019. With an export delivery value of 7,180,000,000 RMB, Zhongce Rubber Group Co., Ltd. ranked 164 among China's Top 200 exporters in 2019 and became the only rubber company shortlisted. It is understood that China's import and export volume, export volume and import scale all reached a record high, and continue to maintain the number one in global trade in goods.
▲Shandong Jinyu Tire Co., Ltd.'s new tire plant project in Vietnam was approved by the Provincial Development and Reform Commission. The approval document showed that Jinyu Tire will build a new project of annual production of 1,200,000 units of all-steel radial tires in Vietnam.
▲Shandong Provincial Development and Reform Commission approved Shandong Haohua Tire Co., Ltd. to build overseas factories. In response to the "Belt and Road" initiative, Haohua Tire actively implements a globalization strategy. For the first time, "Going Out" selects Sri Lanka, a South Asian country, which will open up a new territory for Chinese tire companies to build factories overseas. The approval document shows that the designed production capacity of the Haohua Tire Sri Lanka project is an annual output of 20 million sets of high-performance radial tires.
▲On May 23, the General Administration of Customs released tire export data for April this year. In April, China's tire export volume plummeted; dragged down by this, the cumulative decline in tire exports in the first four months was significantly expanded. Data showed that in April, China's rubber tire export volume was 370,000 tons, decreased by 230,000 tons compared with last month, a sharp drop of 33.5% year-on-year; the export value was 5,896,000,000 RMB, a decrease of 3,513,000,000 RMB compared with last month, a year-on-year decrease of 34.1%.
▲From January to April 2020, the total import of SR was 378,000 tons, which was basically as the same as last year. The total export of SR was 57,000 tons, increased by 15% compared with last year. The total import of compound rubber was 20,000 tons, decreased by 31% compared with last year of 9,000 tons, the total import of synthetic latex was 65,000 tons, increased by 20% compared with last year, and the total import of NR latex was 156,000 tons, decreased by 21% compared with last year. The total imported NR was 467,000 tons, increased by 2% compared with last year.
▲On May 18, Guilin Rubber Machinery Co., Ltd. independently developed the first new dual-mode hydraulic vulcanizing machine for 77-inch engineering tires, which was officially packaged and shipped to domestic customers. In recent years, Guilin Rubber Machinery has made frequent new products in research and development. In 2015, the 210-inch hydraulic vulcanizer produced 63-inch giant tires for domestic customers, ending the history of domestic failure to produce tires of this specification and breaking the foreign monopoly. In the same year, the 52.5-inch mechanical single-mode vulcanizer produced high-end tires for high-end sports cars such as BMW for foreign customers, and was continuously purchased. In 2019, 212-inch hydraulic vulcanizers will help Fengshen tires to produce the largest radial radial tires that the company currently produces.

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