Overall Operation Conditions

According to the statistics of China Rubber Industry Association (CRIA) on 386 key member enterprises under 11 branches respectively engaged in tires, cycle tires, rubber hoses & rubber belts, rubber products, rubber shoes, latexes, carbon black, comprehensive utilization of waste rubber, rubber machinery moulds, rubber chemicals and framework materials, in the first half year of 2018, the realized industrial output value at current price was 176.103 Billion Yuan with a year-on-year (the same below) increase of 7.14%; the realized sales revenue was 169.711 Billion Yuan with an increase of 9.74%; the realized export delivery value was 52.805 Billion Yuan with an increase of 6.21%; and the export rate (value) was 29.99% with a decrease of 0.26%; the realized profit and tax was 11.402 Billion Yuan, with an increase of 31.60%; the realized profit was 7.275 Billion Yuan, with an increase of 40.56%; and the profit rate of sales revenue was 5.29%, with an increase of 1.16%. There were 46 enterprises with deficits, decreased by 4.17% and the deficit was 845 Million, decreased by 21.81%. The finished product inventory amount was 29.304 Billion Yuan, with a decrease of 4.15%.

Figure 1: Comparison of the growth of main indicators of the rubber industry in first half year

 Figure 2: Growth trend of industrial output value, export delivery and sales revenue in first half of 2018

 Figure 3: Growth trend of profit margin of sales revenue in first half of 2018

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, export delivery value and sales revenue in the first half year, and Fig. 3 for growth trend of the indicators of profit rate of sales revenue in the first half year.

Comment on Key Points

Growth of output value narrowed 

Figure 4: Industrial output value increase status in the first half of 2018

Among the specific industries, compared with that in the same period of last year, only the industrial output value at current price of two specific industries, rubber shoes and latexes, turned from being positive to being negative. Among other specific industries realizing positive growth, the specific industry of rubber chemicals reversed the decline trend in the same period of last year to realize positive growth; the rest specific industries realized positive growth in the same period of last year, in which the growth of the specific industry of comprehensive utilization of waste rubber was better than that in the same period of last year. See Fig. 4 for growth conditions of total industrial output value of each specific industry in the first half year.

Growth of sales revenue expanded

Figure 5: Professional sales revenue increase status in first half of 2018

Compared with that in the same period of last year, the sales revenue of two specific industries, rubber shoes and comprehensive utilization of waste rubber, turned to be negative from being positive. Among the specific industries realizing positive growth, the specific industry of rubber chemicals reversed the decline trend in the same period of last year to realize positive growth; and the rest specific industries realized positive growth in the same period of last year, in which two specific industries, rubber products and framework materials, had a growth better than that 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.

Export delivery value had an obvious fall in growth

Figure 6: Growth Conditions of Export Delivery Value of Each Specific Industry in first half of 2018

Compared with that in the same period of last year, only the export delivery value of two specific industries, rubber shoes and rubber machinery moulds, turned to be negative from being positive; among the specific industries realizing positive growth, two specific industries, rubber hoses & rubber belts and comprehensive utilization of waste rubber, reversed the decline trend in the same period of last year to realize positive growth; and the rest specific industries realized positive growth in the same period of last year, in which two specific industries, carbon black and rubber chemicals, 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.

Conditions of Specific Industries

Tires

Figure 7: Comparison of Growth of Main Indicators of Tires Specific Industry in first half of 2018

For 39 key member enterprises, in the first half year, the realized industrial output value at current price increased by 1.05% and the realized sales revenue increased by 4.35%. The output of integrative casing increased by 1.32%, in which the output of radial tires increased by 1.75% and the output of all-steel radial tires increased by 3.30%. The radial rate was 93.70% with a growth of 0.40%. The realized export delivery value increased by 1.92%, with an increase of 0.32%. The realized profit and tax of 34 enterprises increased by 90.34%, the realized profit was affected by low data in base period to increase by 167.05% and the profit rate of the sales revenue increased by 1.64%. There were 9 enterprises with deficits, and the deficit was 569 Million Yuan, with a decrease of 37.95%. And the finished product inventory amount was 17.559 Billion Yuan, with a decrease of 13.22%. See Fig. 7 for comparison of growth of main indicators of tires specific industry in the first half year.

Cycle Tires

Figure 8: Comparison of growth of main Indicators of cycle tires specific industry in first half of 2018

For 32 key enterprises, in the first half year, the realized industrial output value at current price increased by 8.22% and the realized sales revenue increased by 8.03%. Growth rate of output of the leading products: the output of bicycle casing decreased by 8.66%, the output of electric bicycle casing increased by 3.46% and the output of motorcycle casing increased by 17.22%. The realized export delivery value increased by 2.74%, and the export rate (value) reached 24.96% with a decrease of 1.33%. The realized profit and tax declined by 1.44%, the realized profit increased by 22.99% and the profit rate of the sales revenue was 1.64%, with an increase of 0.31%. There were 4 enterprises with deficits, and the deficit was 17.66 Million Yuan. And the finished product inventory amount was 583 Million Yuan, with an increase of 9.59%. See Fig. 8 for comparison of growth of main indicators of cycle tires specific industry in the first half year.

Rubber Hoses & Rubber Belts

Figure 9: Comparison of Growth of Main Indicators of Rubber Hoses & Rubber Belts Specific Industry in first half of 2018

For 51 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 3.67%, and the realized sales revenue increased by 7.04%. Growth rate of output of the leading products: the output of conveyor belt decreased by 2.68%, the output of V belt decreased by 12.57%, and the output of rubber hose increased by 6.87%. The realized export delivery value increased by 6.84%, and the export rate (value) reached 8.79% with an increase of 0.26%. The realized profit and tax increased by 24.26%, the realized profit increased by 18.47% and the profit rate of the sales revenue was 9.10%, with an increase of 0.88%. There were 3 enterprises with deficits, and the deficit was 34.92 Million Yuan. And the finished product inventory amount was 2.5 Billion Yuan, with an increase of 2.03%. See Fig. 9 for comparison of growth of main indicators of rubber hoses & rubber belts specific industry in the first half year.

Rubber Products

Figure 10: Comparison of Growth of Main Indicators of Rubber Products Specific Industry in first half of 2018

For 51 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 10.58%, and the realized sales revenue increased by 15.24%. Among the leading products, the output of automobile anti-vibration articles increased by 22.75% and the output of “O” rings increased by 9.36%. The realized export delivery value increased by 7.47%; the export rate (value) reached 24.83% with a decrease of 0.72%. The realized profit and tax increased by 6.48%, the realized profit increased by 6.71% and the profit rate of the sales revenue was 8.31%, with a decrease of 0.66%. There were 5 enterprises with deficits, and the deficit was 18.87 Million Yuan. And the finished product inventory amount was 3.476 Billion Yuan, with an increase of 30.29%. See Fig. 10 for comparison of growth of main indicators of rubber products specific industry in the first half year.

Rubber Shoes

Figure 11: Comparison of Growth of Main Indicators of Rubber Products Specific Industry in first half of 2018

For 24 key enterprises, in the first half year, the realized output value at current price decreased by 6.74%, and the realized sales revenue decreased by 9.50%. The realized rubber shoes output decreased by 4.98%. The realized export delivery value decreased by 26.80%; the export rate (value) was 12.34% with a decrease of 3.38%. The export of rubber shoes decreased by 18.86%; the export rate (volume) reached 10.08% with a decrease of 1.72%. The realized profit and tax increased by 12.60%, the realized profit increased by 13.64% and the profit rate of the sales revenue was 5.98%, with an increase of 1.22%. There were 4 enterprises with deficits, and the deficit was 11.2 Million Yuan. And the finished product inventory amount was 652 Million Yuan, with a decrease of 13.55%. See Fig. 11 for comparison of growth of main indicators of rubber shoes specific industry in the first half year.

Latexes

Figure 12: Comparison of Growth of Main Indicators of Latexes Specific Industry in first half of 2018

For 26 key enterprises, in the first half year, the real-ized gross industrial output value at current price decreased by 1.78%, and the realized sales revenue increased by 6.02%. Growth rate of output of the leading products: the condom output increased by 9.31%, the medical gloves output increased by 0.75%, and the examination gloves output decreased by 1.53%. The realized export delivery value increased by 8.95%, the export rate (value) reached 46.62% with an increase of 4.59%. The realized profit and tax decreased by 23.31%, the realized profit decreased by 58.75% and the profit rate of the sales revenue was 1.43%, with a decrease of 2.25%. There were 8 enterprises with deficits, and the deficit was 40.98 Million Yuan. And the finished product inventory amount was 323 Million Yuan, with a decrease of 3.70%. See Fig. 12 for comparison of growth of main indicators of latexes specific industry in the first half year.

Carbon Black

Figure 13: Comparison of Growth of Main Indicators of Carbon Black Specific Industry in first half of 2018

For 34 key enterprises, in the first half year, the realized industrial output value at current price increased by 31.83%, and the realized sales revenue increased by 25.91%. The total output of carbon black increased by 3.37%, in which the output of wet process carbon black increased by 3.04%. The realized export delivery value increased by 65.61%, the export rate (value) was 15.15% with an increase of 3.09%. The export of carbon black increased by 23.74%, the export rate (volume) reached 15.24% with an increase of 2.51%. The realized profit and tax increased by 44.99%, the realized profit increased by 89.54%, and the profit rate of the sales revenue was 7.99%, with an increase of 2.68%. There were 6 enterprises with deficits, and the deficit was 25.20 Million Yuan. And the finished product inventory amount was 2.572 Billion Yuan, with an increase of 21.95%. See Fig. 13 for comparison of growth of main indicators of carbon black specific industry in the first half year.

Rubber Machinery Moulds

Figure 14: Comparison of Growth of Main Indicators of Rubber Machinery Moulds Specific Industry in first half of 2018

For 21 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 1.32%, and the realized sales revenue increased by 1.20%. The realized output of moulds increased by 2.83%. The realized export delivery value decreased by 1.28%; the export rate (value) reached 37.74% with a decrease of 0.99%. The realized profit and tax increased by 1.38%, the realized profit increased by 1.62%, and the profit rate of the sales revenue was 19.01%, with an increase of 0.08%. And the finished product inventory amount increased by 5.54%. See Fig. 14 for comparison of growth of main indicators of rubber machinery moulds specific industry in the first half year.

Comprehensive Utilization of Waste Rubber

Figure 15: Comparison of Growth of Main Indicators of Comprehensive Utilization of Waste Rubber Specific Industry in first half of 2018

For 31 key enterprises, in the first half year, the realized industrial output value at current price increased by 5.86%, and the realized sales revenue decreased by 1.49%. The reclaimed rubber output increased by 1.38% and the rubber powder output increased by 14.02%. The realized export delivery value increased by 13.66%; and the export rate (value) reached 3.06% with an increase of 0.21%. The realized profit and tax increased by 15.59%, the realized profit increased by 10.71%, and the profit rate of the sales revenue was 6.42%, with an increase of 0.71%. There was 1 enterprise with deficits, and the deficit was 870,000 Yuan. And the finished product inventory amount was 238 Million Yuan, with an increase of 15.34%. See Fig. 15 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first half year.

Rubber Chemicals

Figure 16: Comparison of Growth of Main Indicators of Rubber Chemicals Specific Industry in first half of 2018

For 40 key enterprises, in the first half year, the realized industrial output value at current price increased by 27.07% and the realized sales revenue increased by 24.07%. The gross output of rubber chemicals increased by 8.20%, among which, the accelerating agent output increased by 3.01%, and the anti-deteriorant output increased by 4.07%. The realized export delivery value increased by 25.70%, and the export rate (value) reached 33.03%, which decreased by 0.36%. The export volume of rubber chemicals increased by 4.85%, the export rate (volume) reached 31.05%, which decreased by 0.99%. See Fig. 16 for 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 10.22% and the realized sales revenue increased by 22.09%. The realized export delivery value increased by 4.83%, and the export rate (value) reached 35.08%, with a decrease of 1.80%. The realized profit and tax decreased by 14.35%, the realized profit decreased by 11.70%, and the profit rate of the sales revenue was 3.62%, with a decrease of 1.39%. There were 6 enterprises with deficits, and the deficit was 126 Million Yuan. And the finished product inventory amount was 933 Million Yuan, with an increase of 11.23%. For 37 enterprises, in the first half year, the gross output of framework materials increased by 7.65%; in which the output of fiber cord fabrics increased by 5.66%, the output of steel cord increased by 6.14%, the output of bead wire increased by 10.66%, and the output of belt wire increased by 23.82%.

Figure 17: Comparison of Growth of Main Indicators of Framework Materials Specific Industry in first half of 2018

See Fig. 17 for comparison of growth of main indicators of framework materials specific industry in the first half year.