▲According to CCTV News, at the regular press conference held by the Ministry of Commerce today, the spokesperson Gao Feng introduced: In the first quarter, China’s auto consumption potential continued to be released, with new car sales, auto exports, second-hand car transactions, and scrap motor vehicle recycling. Indicators such as quantity exceeded the level of the same period in 2019. Compared with 2019, sales of new vehicles increased slightly in the first quarter, of which new energy vehicles increased by more than 70%. According to statistics from the China Automobile Association, the sales of new vehicles in the first quarter was 6.484 million, an increase of 1.8% compared with same period in 2019; among them, the sales of new energy vehicles was 515,000, an increase of 72.2% compared with same period in 2019.

 

▲On the night of April 18, Qingdao Double Star Co., Ltd. (000599.SZ) released its first-quarter results, achieving operating income of 1,214,000,000 RMB, an increase of 52.21% compared with last year; net profit of 48,685,000 RMB, a substantial increase of 183.29%.

 

▲Recently, from the 2020 financial statement audit report of Zhongce Rubber Group Co., Ltd., it is learned that the operating income and net profit of China Strategic Rubber were 28,148,000,000 RMB and 1,886,000,000 RMB, an increase of 2.03% and 52.34% compared with last year.

 

▲On April 15, Mesnac Co., Ltd.. released the 2020 annual results bulletin announcement and the first quarter results forecast. The announcement shows that in 2020, Mesnac will achieve operating income of 3,080,000,000 RMB, an increase of 7.56% compared with last year (the same below); the net profit attributable to shareholders of listed companies will be 96,470,000 RMB, an increase of 23.60%.

 

▲On the night of April 15, Jiangsu Xingda Steel Tyre Cord Co., Ltd. released its 2020 annual performance report. The annual operating income was 7,680,000,000 RMB, an increase of 1.3% compared with last year (the same below); the net profit was 175,000,000 RMB, a decrease of 56.84%.

 

▲On April 10, Greatoo Intelligent Equipment Inc. released its 2020 annual report, and achieved operating income of 1,678,000,000 RMB for the year, an increase of 19.31% compared with last year(the same below). The annual report shows that the segment achieved operating income of 689,000,000 RMB, accounting for 41.05% of the total revenue, an increase of 3.61%. Among them, the revenue of tire mold products was 379,000,000 RMB, an increase of 21.77%; the revenue of hydraulic vulcanizers was 310,000,000 RMB, a decrease of 12.36%. The intelligent equipment manufacturing industry segment achieved operating income of 137,000,000 RMB, accounting for 8.15% of the total revenue, a significant drop of 36.25%. The modern service industry segment achieved operating revenue of 796,000,000 RMB accounting for 47.45% of total revenue, a substantial increase of 73.44%, and played a huge role in driving the double-digit growth of annual operating revenue.

 

▲The Sinochem ABS modified material project has recently started. The total investment of the project is about 500,000,000 RMB, covering an area of about 65 acres, and the annual output will reach 56,000 tons after the completion of the project (the first phase of the planned construction is 24,000 tons per year, and the investment is about 280,000,000 RMB). Sinochem International's Lightweight Materials Division and Yangzhou Chemical Industry Park signed an investment agreement for the ABS modified material project.