▲On October 12, Qingdao Double Star Co., Ltd. disclosed its performance forecast for the third quarter of 2020. It is expected that the performance of the third quarter will continue to improve significantly and the first three quarters will turn losses into profits. According to the announcement, Qingdao Double Star is expected to realize a net profit of 51,300,000 RMB to 57,100,000 RMB in a single quarter in the third quarter. In the first three quarters, it is expected to realize a net profit of 5,800,000 RMB to 11,600,000 RMB, which will turn losses into profits.
▲Yiyang Rubber & Plastic Machinery Group Co., Ltd. has signed a total of 18 new orders for large-scale tandem internal mixers this year. Yiyang Rubber Machinery used the overall relocation to purchase new CNC machining equipment, which has the processing foundation of high, precise and cutting-edge tire equipment, and has formed a production capacity from GK1.5 internal mixers to large series GE1000T internal mixers. .
▲Michelin released information that it has released a new upgraded version of AGILIS 3 for light truck tires in the Chinese market, which can be adapted to a variety of light commercial vehicles, effectively reducing the operating costs of the entire life cycle of the vehicle, and creating significant economic benefits for light truck customers. The thickness of the full sidewall protection block is increased by 1.5 mm, and the special pattern groove design makes the AGILIS 3's wet braking distance significantly shorter than that of the same product. It has a long mileage and life span, which is up to 25% higher than the previous generation.
▲Yang Yinming, president of Taiwan Jianda Tire, revealed that the company has planned to increase production due to the booming bicycle tire business. Since the beginning of this year, the epidemic has spurred the demand for bicycles, causing a surge in orders for tires. According to statistics, in July, US bicycle imports increased by 36%, and the total value of imports increased by 26%. In addition to the strong demand for bicycles, the booming electric vehicle market is also an important driving force for the surge in tire orders.
▲On October 27, the groundbreaking ceremony of Tongxiang Desheng Belt, a wholly-owned subsidiary of Shuangjian Co., Ltd., with a total investment of 550,000,000 RMB was held in Zhouquan Industrial Park with an annual output of 15,000,000 square meters of high-strength energy-saving and environmental protection conveyor belt. The project will build a high-strength energy-saving and environmentally-friendly conveyor belt production line, forming an annual production capacity of 15,000,000 square meters. After it is completed and put into operation, it is expected to achieve sales revenue of 620,000,000 RMB and profit and tax of 150,000,000 RMB.
▲On October 20, Cui Mingsheng, deputy secretary of the Party Committee of Jiangsu Xingda Steel Cord Co., Ltd., introduced in detail the overall goals of Xingda Steel Cord’s 14th Five-Year Plan. Put forward the goal of "doubling in five years and creating a new Xinda." The most important indicators are three: one is the annual production capacity of steel cord and other steel wire products, which has risen from the current 800,000 tons to about 1,600,000 tons; the other is steel cord, Yuexing Pharmaceutical, and intelligent manufacturing. The total sales revenue of each segment has risen from the current more than 800,000,000 RMB to more than 16,000,000,000 RMB; third, the average monthly salary of frontline employees has risen from the current more than 6,000 to more than 10,000 RMB.
