Overall Operation

In Q1, the realized gross industrial output value at current prices of the whole industry fell by 20.4% year-on-year (the same below); realized sales revenue fell by 21.33%; realized export delivery value has increased -9.68%, with the increase rate dropping by 12.3 percentage points; export rate (value) was 35.52%, an increase of 4.58 percentage points; realized profits and taxes reduced by33.32%; realized profits fell by 40.92%; and profit margin on sales revenue fell by 4.24%, a decrease of 1.47 percentage points. There were 77 loss-making enterprises, with the scale of losses increasing by 42.59%; the amount of loss of loss-making enterprises increasing by 80.08%; and the inventory amount of finished goods increasing by 16.34%.

Fig. 1: Comparison of Growth of Main Indicators of Rubber Industry in the First Quarter

Fig. 2: Growth Trend of The Indicators of Output Value and Export Delivery Value in the First Quarter

Fig. 3: Growth Trend of Sales Revenue and Profit in the First Quarter

See Fig. 1 for the comparison of growth rate of main indicators of rubber industry in Q1, see Fig. 2 for the growth trend of output value and export delivery value indicators, and see Fig. 3 for the growth trend of sales revenue and profit indicators.

Fig. 4: Growth Trend of Industrial Output Value in the First Quarter

The industrial output value of all subdivided specialties in Q1 was in negative growth. Among them, five specialties, namely hand cart tire, rubber tube and rubber belt, rubber shoes, carbon black, and rubber chemicals, have already been in negative growth in the same period last year. See Fig. 4 for the comparison of growth rate of the total output value of all specialized industries in Q1.

Fig. 5: Growth Trend of Sales Revenue in the First Quarter

The sales revenue of all subdivided specialties in Q1 was in negative growth. Four specialties, namely rubber tube and rubber belt, carbon black, rubber chemicals, and framework material, have already been in negative growth in the same period last year. See Fig. 5 for the comparison of growth rate of sales revenue of all specialties in Q1.

Among the subdivided specialties, only the export delivery value of rubber machinery mold specialty realized growth, while that of the other specialties declined. Among the specialties with negative growth, the three specialties of carbon black, comprehensive utilization of waste rubber, and rubber chemicals have been in negative growth last year.

Fig. 6: Growth Trend of Export Delivery in the First Quarter

Fig. 7: Growth Trend of Export rate in the First Quarter

See Fig. 6 for the comparison of growth rate of export delivery value of all specialties in Q1, and see Fig. 7 for export rate (value) of all specialties.

Situation of Subdivided Specialties

Tire

Fig. 8: Comparison Growth of Main indicators of Tire Industry in the First Quarter

For 38 key member enterprises, the gross industrial output value at current prices in Q1 fell by 19.88%, and the sales revenue fell by 21.1%. The comprehensive output of cover tire has decreased by 14.58%. Hereinto, the output of radial tire fell by 14.49%, and that of all-steel radial tire fell by 18.17%. The radialization rate was 94.71%, with an increase of 0.1 percentage points. The export delivery value has decreased by 4.98%. The export rate (value) was 44.35%, with an increase of 7.52 percentage points. The delivery volume of exported tire decreased by 1.42%, of which the exported radial tire decreased by 1.34%. The export rate (volume) was 56.52%, an increase of 7.55 percentage points. The profits and taxes of 34 enterprises decreased by 27.99%; the profits decreased by 34.62%; and the profit margin of sales revenue was 3.23%, with a decrease of 0.77 percentage points. There were 11 loss-making enterprises, with the amount of loss increasing by 196.19%. The inventory amount of finished goods has increased by 18.21%. See Fig. 8 for the comparison of growth rate of main indicators of tire specialty in Q1.

Hand Cart Tire

Fig. 9: Comparison Growth of Main indicators of Cycle Tires Industry in the First Quarter

For 23 key enterprises, the gross industrial output value at current prices in Q1 fell by 23.39%, and the sales revenue fell by 23.27%. Among the leading products, the output of bicycle cover tire decreased by 17.75%, that of electric bicycle cover tire decreased by 21.82%, and that of motorcycle cover tire decreased by 27.12%. The export delivery value has decreased by 19.24%. The export rate (value) was 27.81%, with an increase of 1.39 percentage points. The profits and taxes decreased by 45.53%; the profits decreased by 67.10%; and the profit margin of sales revenue was 0.50%, with a decrease of 0.67 percentage points. There were three loss-making enterprises, with the inventory amount of finished goods decreasing by 16.94%. See Fig. 9 for the comparison of growth rate of main indicators of hand cart tire specialty in Q1.

Rubber Tube and Rubber Belt

Fig. 10: Comparison Growth of Main indicators of Rubber Hose & Rubber Belt Industry in the First Quarter

For 51 key enterprises, the gross industrial output value at current prices in Q1 fell by 25.28%, and the sales revenue fell by 27.40%. Among the main products, the output of conveyer belt decreased by 26.77%, that of V belt decreased by 28.61%, and that of rubber tube decreased by 21.58%. The export delivery value has decreased by 14.01%. The export rate (value) was 14.43%, with an increase of 2.25 percentage points. The profits and taxes decreased by 52.23%; the profits decreased by 56.37%; and the profit margin of sales revenue was 5.65%, with a decrease of 3.75 percentage points. There were ten loss-making enterprises, with the inventory amount of finished goods increasing by 21.45%. See Fig. 10 for the comparison of growth rate of main indicators of rubber tube and rubber belt specialty in Q1.

Rubber Products

Fig. 11: Comparison Growth of Main indicators of Rubber Products Industry in the First Quarter

For 48 key enterprises, the gross industrial output value at current prices in Q1 fell by 16%, and the sales revenue fell by 9.93%. Among the main products, the output of shock absorber product for automobile decreased by 12.31%, and that of “O” sealing ring decreased by 52.7%. The export delivery value has decreased by 12.36%. The export rate (value) was 25.96%, with an increase of 0.72 percentage points. The export volume of auto spare parts has decreased by 8.74%. The profits and taxes decreased by 31.56%; the profits decreased by 48.86%; and the profit margin of sales revenue was 6.19%, with a decrease of 4.71 percentage points. There were 11 loss-making enterprises, with the inventory amount of finished goods increasing by 24.67%. See Fig. 11 for the comparison of growth rate of main indicators of rubber products specialty in Q1.

Rubber Shoes

Fig. 12: Comparison Growth of Main indicators of Rubber Shoes Industry in the First Quarter

For 22 key enterprises, the gross industrial output value at current prices in Q1 fell by 27.04%, and the sales revenue fell by 26.66%. The output of rubber shoes has decreased by 33.62%. The export delivery value has decreased by 23.24%. The export rate (value) was 14.71%, with an increase of 0.66 percentage points. The export volume has decreased by 27.61%. The export rate (volume) was 12.27%, with an increase of 1.02 percentage points. The profits and taxes decreased by 86.77%; and the profit margin of sales revenue was -0.86%, with a decrease of 7.37 percentage points. There were four loss-making enterprises, with the inventory amount of finished goods decreasing by 3.81%. See Fig. 12 for the comparison of growth rate of main indicators of rubber shoes specialty in Q1.

Latex

Fig. 13: Comparison Growth of Main indicators of Latexes Industry in the First Quarter

For 24 key enterprises, the gross industrial output value at current prices in Q1 fell by 20.55%, and the sales revenue fell by 12.14%. Among the main products, the output of condom decreased by 52.4%, and that of examination gloves decreased by 7.85%. The export delivery value has decreased by 16.33%. The export rate (value) was 42.17%, with a decrease of 2.11 percentage points. The profits and taxes increased by 62.39%; the profits increased by 144.77%; and the profit margin of sales revenue was 6.69%, with an increase of 4.29 percentage points. There were four loss-making enterprises, with the inventory amount of finished goods increasing by 25.79%. See Fig. 13 for the comparison of growth rate of main indicators of latex specialty in Q1.

Carbon Black

Fig. 14: Comparison Growth of Main indicators of Carbon Black Industry in the First Quarter

For 33 key enterprises, the gross industrial output value at current prices in Q1 fell by 19.33%, and the sales revenue fell by 30.88%. The total output of carbon black has decreased by 4.55%. Hereinto, the output of wet granulated carbon black has decreased by 3.96%. The export delivery value has decreased by 30.87%. The export rate (value) was 15.17%, flat with the same period last year. The export volume has decreased by 11.88%. The export rate (volume) was 14.15%, with a decrease of 1.18 percentage points. The profit margin of sales revenue was 0.86%, with an increase of 2.31 percentage points. There were 14 loss-making enterprises, with the inventory amount of finished goods decreasing by 0.34%. See Fig. 14 for the comparison of growth rate of main indicators of carbon black specialty in Q1.

Rubber Machinery Mold

Fig. 15: Comparison Growth of Main indicators of Rubber Machinery Moulds Industry in the First Quarter

For 19 key enterprises, the gross industrial output value at current prices in Q1 fell by 0.05%, and the sales revenue fell by 0.11%. The output of mold has increased by 0.08%. The export delivery value has increased by 4.32%. The export rate (value) was 34.73%, with an increase of 1.48 percentage points. The profits and taxes decreased by 0.34%; the profits decreased by 0.38%; and the profit margin of sales revenue was 16.39%, with a decrease of 0.04 percentage points. The inventory amount of finished goods has decreased by 26.80%. See Fig. 15 for the comparison of growth rate of main indicators of rubber machinery mold specialty in Q1.

Comprehensive Utilization of Waste Rubber

Fig. 16: Comparison Growth of Main indicators of Comprehensive Utilization of Waste Rubber Industry in the First Quarter​​​​​​​

For 30 key enterprises, the gross industrial output value at current prices in Q1 fell by 30.78%, and the sales revenue fell by 29.97%. The output of reclaimed rubber has decreased by 19.87%, and that of rubber powder has decreased by 25.27%. The export delivery value has decreased by 10.12%. The export rate (value) was 5.82%, with an increase of 1.29 percentage points. The profits and taxes decreased by 38.85%; the profits decreased by 36.46%; and the profit margin of sales revenue was 6.07%, with a decrease of 0.62 percentage points. There were eight loss-making enterprises, with the inventory amount of finished goods increasing by 4.80%. See Fig. 16 for the comparison of growth rate of main indicators of comprehensive utilization of waste rubber specialty in Q1.

Rubber Chemicals

Fig. 17: Comparison Growth of Main indicators of Rubber Chemicals Industry in the First Quarter

For 42 key enterprises, the gross industrial output value at current prices in Q1 fell by 27.25%, and the sales revenue fell by 19.26%. The total output of rubber chemicals has decreased by 12%. Among the main products, the output of accelerator has decreased by 27.75%, and that of antioxidant has increased by 0.92%. The export delivery value has decreased by 34.33%. The export rate (value) was 26.6%, with a decrease of 6.11 percentage points. The export volume fell by 14.14%, and the export rate (volume) was 27.86%, with a decrease of 0.70 percentage points. The profits and taxes decreased by 51.55%; the profits decreased by 44.02%; and the profit margin of sales revenue was 7.51%, with a decrease of 3.32 percentage points. See Fig. 17 for the comparison of growth rate of main indicators of rubber chemicals specialty in Q1.

Framework Material

Fig. 18: Comparison Growth of Main indicators of Rubber Framework Materials Industry in the First Quarter

For 22 enterprises, the gross industrial output value at current prices in Q1 fell by 21.53%, and the sales revenue fell by 30.28%. The export delivery value has decreased by 5.76%. The export rate (value) was 46.69%, with an increase of 12.14 percentage points. The profits and taxes decreased by 62.45%; the profits decreased by 74.31%; and the profit margin of sales revenue was 1.19%, with a decrease of 2.04 percentage points. There were 12 loss-making enterprises, with the inventory amount of finished goods increasing by 25.2%. For 38 enterprises, the total output of framework material decreased by 16.61%. Hereinto, the output of steel cord decreased by 16.29%, that of bead wire decreased by 23.76%, that of pipe cord steel decreased by 19.72%, that of polyester cord dropped by 2.92%, that of canvas dropped by 11.40%, and that of nylon cord decreased by 10.15%. See Fig. 18 for the comparison of growth rate of main indicators of framework material specialty in Q1.