Overall Operation Conditions

In the first half year of 2019, the realized gross industrial output value at current price of the whole industry was 176.864 Billion Yuan with a year-on-year (the same below) decrease of 1.17%; the realized sales revenue was 162.320 Billion Yuan with a decrease of 1.47%; the realized export delivery value was 54.337 Billion Yuan with an increase of 0.10%; and the export rate (value) was 29.79%, which was basically flat; the realized profit and tax was 11.244 Billion Yuan, with an increase of 4.84%; the realized profit was 7.619 Billion Yuan, with an increase of 11.04%; and the profit rate of sales revenue was 5.93%, with an increase of 0.61%. There were 44 enterprises with deficits, increased by 12.82% and the deficit was 588 Million, decreased by 31.84%. The manufactured inventory amount was 31.541 Billion Yuan, with an increase of 13.20%.

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

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

Fig. 3: Growth Trend of the Indicators of Sales Revenue and Profit in the First Half Year

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

Comment on Key Points

The output value realized negative growth, with the fall expanded

Among the specific industries, the seven specific industries, tires, rubber products, rubber shoes, latexes, rubber machinery moulds, comprehensive utilization of waste rubber and framework materials, realized positive growth, and the rest industries had negative growth. Among the specific industries realizing positive growth, two specific industries, rubber shoes and latexes, had negative growth in the same period of last year, two specific industries, tires and comprehensive utilization of waste rubber, had a growth better than that in the same period of last year. 

Fig. 4: Growth Conditions of Gross Industrial Output Value of Each Specific Industry in the First Half Year

Those specific industries realizing negative growth had positive growth in the same period of last year. See Fig. 4 for growth conditions of gross industrial output value of each specific industry in the first half year.

The sales revenue declined, with the fall continuously expanded

Among the specific industries, compared with that in the same period of last year, six specific industries, tires, cycle tires, rubber shoes, latexes, rubber machinery moulds and comprehensive utilization of waste rubber, realized positive growth in sales revenue, and the rest industries had negative growth. Among the specific industries realizing positive growth, two specific industries, rubber shoes and comprehensive utilization of waste rubber, had negative growth in the same period of last year, two specific industries, latexes and rubber machinery moulds, had a growth better than that in the same period of last year. Those specific industries realizing negative growth had positive growth in the same period of last year. See Fig. 5 for growth conditions of sales revenue of each specific industry in the first half year.

Fig. 5: Growth Conditions of Sales Revenue of Each Specific Industry in the First Half Year

Growth of export delivery value continued to be narrowed

Among the specific industries, the export delivery value of rubber products, rubber shoes, carbon black and rubber chemicals, declined, in which the rubber shoes had negative growth in the same period of last year. Among the specific industries realizing positive growth, the specific industry of rubber machinery moulds reversed the decline trend in the same period of last year to realize positive growth; among the rest specific industries realizing positive growth, four specific industries, tires, cycle tires, rubber hoses & rubber belts and latexes, had a growth better than that in the same period of last year. See Fig. 6 for growth conditions of export delivery value of each specific industry in the first half year.

Fig. 6: Growth Conditions of Export Delivery Value of Each Specific Industry in the First Half Year

Conditions of Specific Industries - Tires

For 39 key member enterprises, in the first half year, the realized industrial output value at current price increased by 3.45% and the realized sales revenue increased by 2.47%. The output of integrative casing increased by 1.89%, in which the output of radial tires increased by 2.46% and the output of all-steel radial tires increased by 2.61%. The radial rate was 94.47% with a growth of 0.53 percent points. The realized export delivery value increased by 4.22%, the export rate (value) was 35.68%, with a decrease of 0.07 percent points. The delivery of the exported tires increased by 6.61%; the export rate (volume) was 49.12%, with an increase of 2.18 percent points. In which, the realized profit and tax of 30 enterprises increased by 41.70%, the realized profit increased by 77.50% and the profit rate of the sales revenue was 3.97%, which increased by 1.62 percent points. There were 7 enterprises with deficits, and the deficit decreased by 68.28%. And the finished product inventory amount increased by 14.38%. See Fig. 7 for comparison of growth of main indicators of tires specific industry in the first half year.

Fig. 7: Comparison of Growth of Main Indicators of Tires Specific Industry in the First Half Year

Cycle Tires

For 29 key enterprises, in the first half year, the realized industrial output value at current price increased by 0.48% and the realized sales revenue increased by 4.94%. Growth rate of output of the leading products: the output of bicycle casing decreased by 1.48%, the output of electric bicycle casing decreased by 5.32% and the output of motorcycle casing increased by 6.56%. The realized export delivery value increased by 8.14%, and the export rate (value) reached 25.25% with an increase of 0.75 percentage points. The realized profit and tax increased by 1.35%, the realized profit increased by 10.61% and the profit rate of the sales revenue increased by 0.12 percentage points. There was no enterprise with deficits. And the finished product inventory amount declined by 3.47%. See Fig. 8 for comparison of growth of main indicators of cycle tires specific industry in the first half year.

Fig. 8: Comparison of Growth of Main Indicators of Cycle Tires Specific Industry in the First Half Year

Rubber Hoses & Rubber Belts

For 49 key enterprises, in the first half year, the realized gross industrial output value at current price decreased by 8.88%, and the realized sales revenue decreased by 7.16%. Growth rate of output of the leading products: the output of conveyor belt decreased by 4.35%, the output of V belt decreased by 17.98%, and the output of rubber hose increased by 1.59%. The realized export delivery value increased by 9.84%, and the export rate (value) reached 10.09% with an increase of 1.56 percent points. The realized profit and tax decreased by 14.09%, the realized profit decreased by 12.71% and the profit rate of the sales revenue was 8.32%, with a decrease of 0.53 percent points. There were 6 enterprises with deficits, and the deficit was 56.91 Million Yuan. And the finished product inventory amount decreased by 0.33%. See Fig. 9 for comparison of growth of main indicators of rubber hoses & rubber belts specific industry in the first half year.

Fig. 9: Comparison of Growth of Main Indicators of Rubber Hoses & Rubber Belts Specific Industry in the First Half Year

Rubber Products

For 52 key enterprises, in the first half year, the realized gross industrial output value at current price decreased by 4.41%, and the realized sales revenue decreased by 1.52%. Growth rate of output of the leading products: the output of automobile anti-vibration articles increased by 6.34% and the output of “O” rings increased by 6.19%. The realized export delivery value decreased by 5.69%; the export rate (value) decreased by 1.16 percent points. The realized profit and tax increased by 5.24%, the realized profit increased by 5.89% and the profit rate of the sales revenue was 9.07%, with an increase of 0.63 percent points. There were 4 enterprises with deficits, and the deficit was 4.82 Million Yuan. And the finished product inventory amount increased by 9.39%. See Fig. 10 for comparison of growth of main indicators of rubber products specific industry in the first half year.

Fig. 10: Comparison of Growth of Main Indicators of Rubber Products Specific Industry in the First Half Year

Rubber Shoes

For 23 key enterprises, in the first half year, the realized output value at current price increased by 1.15%, and the realized sales revenue increased by 13.77%. The rubber shoes output decreased by 4.45%. The realized export delivery value decreased by 1.36%; the export rate (value) was 8.65% with a decrease of 1.33 percent points. The export volume of rubber shoes decreased by 0.93%; the export rate (volume) reached 10.86% with an increase of 0.39 percent points. The realized profit and tax decreased by 8.42%, the realized profit increased by 1.67% and the profit rate of the sales revenue was 5.57%, with a decrease of 0.66 percent points. There were 4 enterprises with deficits, and the deficit was 10.34 Million Yuan. And the finished product inventory amount decreased by 25.0%. See Fig. 11 for comparison of growth of main indicators of rubber shoes specific industry in the first half year.

Fig. 11: Comparison of Growth of Main Indicators of Rubber Shoes Specific Industry in the First Half Year

Latexes

For 26 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 18.11%, and the realized sales revenue increased by 14.55%. Growth rate of output of the leading products: the condom output increased by 4.94%, and the examination gloves output decreased by 16.53%. The realized export delivery value increased by 9.56%, the export rate (value) reached 43.68% with a decrease of 1.99 percent points. The realized profit and tax increased by 5.07%, the realized profit increased by 33.03% and the profit rate of the sales revenue was 3.46%, with an increase of 0.48 percent points. There were 5 enterprises with deficits. And the finished product inventory amount was 316 Million Yuan, with a decrease of 6.0%. See Fig. 12 for comparison of growth of main indicators of latexes specific industry in the first half year.

Fig. 12: Comparison of Growth of Main Indicators of Latexes Specific Industry in the First Half Year

Carbon Black

For 34 key enterprises, in the first half year, the realized industrial output value at current price decreased by 18.60%, and the realized sales revenue decreased by 14.14%. The total output of carbon black decreased by 5.70%, in which the output of wet process carbon black decreased by 5.84%. The realized export delivery value decreased by 26.68%, the export rate (value) was 13.08% with a decrease of 2.24 percent points. The export of carbon black decreased by 21.23%, the export rate (volume) reached 12.73% with a decrease of 2.51 percent points. The realized profit and tax was 153 Million Yuan, with a decrease of 91.67%. The industry had defect on the whole, and the defect amount was 49 Million Yuan; and the profit rate of the sales revenue was -0.36%, with a decrease of 8.35 percent points. There were 11 enterprises with deficits. And the finished product inventory amount increased by 52.92%. See Fig. 13 for comparison of growth of main indicators of carbon black specific industry in the first half year.

Fig. 13: Comparison of Growth of Main Indicators of Carbon Black Specific Industry in the First Half Year

Rubber Machinery Moulds

For 21 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 1.02%, and the realized sales revenue increased by 1.31%. The realized output of moulds increased by 1.90%. The realized export delivery value increased by 14.14%; the export rate (value) reached 45.46% with an increase of 5.11 percent points. The realized profit and tax increased by 0.95%, the realized profit increased by 1.10%, and the profit rate of the sales revenue decreased by 0.04 percent points. And the finished product inventory amount decreased by 39.21%. See Fig. 14 for comparison of growth of main indicators of rubber machinery moulds specific industry in the first half year.

Fig. 14: Comparison of Growth of Main Indicators of Rubber Machinery Moulds Specific Industry in the First Half Year

Comprehensive Utilization of Waste Rubber

For 30 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 13.45%, and the realized sales revenue increased by 13.72%. The reclaimed rubber output increased by 15.22% and the rubber powder output increased by 13.70%. The realized export delivery value increased by 6.54%; and the export rate (value) reached 4.02% with a decrease of 0.27 percent points. The realized profit and tax increased by 16.66%, the realized profit increased by 15.47%, and the profit rate of the sales revenue was 6.60%, with an increase of 0.10 percent points. There were 3 enterprises with deficits, and the deficit was 1.16 Million Yuan. And the finished product inventory amount increased by 17.43%. See Fig. 15 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first half year.

Fig. 15: Comparison of Growth of Main Indicators of Comprehensive Utilization of Waste Rubber Specific Industry in the First Half Year

Rubber Chemicals

For 45 key enterprises, in the first half year, the realized gross industrial output value at current price decreased by 11.95% and the realized sales revenue decreased by 10.14%. The gross output of rubber chemicals increased by 2.47%, among which, the accelerating agent output decreased by 5.63%, and the anti-deteriorant output decreased by 7.63%. The realized export delivery value decreased by 19.09%, and the export rate (value) reached 31.92%, which decreased by 3.53%. The export volume of rubber chemicals decreased by 8.29%, the export rate (volume) reached 27.79%, which decreased by 3.26 percent points. See Fig. 16 for comparison of growth of main indicators of rubber chemicals specific industry in the first half year.

Fig. 16: Comparison of Growth of Main Indicators of Rubber Chemicals Specific Industry in the First Half Year

Framework Materials

For 21 enterprises, in the first half year, the realized industrial output value at current price increased by 7.96% and the realized sales revenue decreased by 8.52%. The realized export delivery value increased by 0.26%, and the export rate (value) reached 34.80%, with an increase of 3.05 percent points. The realized profit and tax decreased by 0.27%, the realized profit decreased by 3.73%, and the profit rate of the sales revenue increased by 0.19 percent points. There were 4 enterprises with deficits. And the finished product inventory amount increased by 3.61%.

Fig. 17: Comparison of Growth of Main Indicators of Framework Materials Specific Industry in the First Half Year

For 37 enterprises, in the first half year, the gross output of framework materials decreased by 5.91%; in which the output of fiber cord fabrics increased by 0.07%, the output of steel cord decreased by 9.69%, the output of bead wire decreased by 1.87%, and the output of belt wire increased by 8.32%. See Fig. 17 for comparison of growth of main indicators of framework materials specific industry in the first half year.