© Si Xianchao
China’s large rubber product companies had released reports for the first three quarters by the end of October. See the following Table for the financial information of the nine domestic A-share listed companies in related to products of large-scale rubber hose and belt, sealing parts, etc., except for two rubber companies, Shandong Meichen Ecology & Environment Co., Ltd. and Wuxi Boton Technology Co., Ltd., for they did not disclose their rubber business revenues separately.
Performance of nine listed companies of rubber products in the first three quarters
Unit: 100 Million Yuan
| Company | Main product | Operating revenue | Growth rate | Net Profit attributable to shareholders | Growth rate |
| Zhongding | Sealing | 87.51 | 11.58% | 10.51 | 10.45% |
| Times New Material | Auto parts | 83.16 | 2.71% | 0.85 | 63.65% |
| HAIDA | Seals and Damping product | 15.67 | 77.55% | 1.22 | 21.60% |
| Double Arrow | Conveyor belt | 10.19 | 23.30% | 1.2 | 41.91% |
| Pengling | Rubber hose | 9.25 | 11.42% | 0.83 | -4.80% |
| Sanwei | Rubber belt | 7.91 | 19.87% | 0.72 | 142.30% |
| Sanlux | Rubber V-belt | 6.5 | 4.96% | 0.93 | -25.72% |
| Zhejiang Xiantong | Auto sealing strip | 5.36 | 8.10% | 1.14 | 6.41% |
| Tiantie | Damping product | 3.24 | 58.57% | 0.42 | -10.97% |
In the first three quarters, all listed companies of rubber products on the statistics list achieved positive growth on operating revenues, among which the largest increase occurred on Jiangyin Haida Rubber & Plastic Co., Ltd. (77.55%), followed by Tiantie Co. Ltd. and Zhejiang Double Arrow Rubber Co., Ltd. The operating revenues of Zhongding Group and Zhuzhou Times New Material Technology Co., Ltd. were nearly 9 Billion Yuan, much more than other companies.
The garden business and online game business of these two rubber companies, Shandong Meichen Ecology & Environment Co., Ltd. (rubber hose) and Wuxi Boton Technology Co., Ltd. (conveyer belt), exceeded their original primary business and their total operating revenues reached 2.624 Billion Yuan and 1.547 Billion Yuan respectively in the first three quarters.
For net profits attributable to shareholders of listed company, five achieved positive growth, while four decreased on a year-on-year basis. The top three companies in respect of profit growth rate were Zhejiang Sanwei Rubber Item Co., Ltd. (142.30%), Zhuzhou Times New Material Technology Co., Ltd. and Zhejiang Double Arrow Rubber Co., Ltd. The net profits of Tianjin Pengling Group Co., Ltd. fell back to 4.8% in the third quarter from the previous 17.29%.
Thereinto, Zhongding Group had the most net profits attributable to shareholders of listed company among these companies, reaching up to 1.051 Billion Yuan and 0.12 profit ratio. It was not only the best of all listed companies of rubber products, but also one-up the related two projects of the listed tire companies. In a word, Zhongding Group can be regarded as the most profitable company in the first three quarters.
According to statements released by all rubber companies, most of them said that their product gross profits increased gradually and their business apparently recovered compared with that of the year before because of the effective development of business area, lower average price of raw materials as well as great control of production costs.
However, according to the purchasing price of raw materials released by some enterprises, in the third quarter, the average price of SR rose sharply by about 39% and the price of steel wire rope and cotton rope also increased by nearly 10%, which resulted in the business cost growth far more exceeding that of the operating revenues in some companies with poor earnings.
