Overall Operation Conditions

According to the statistics of CRIA on 392 key member enterprises under 11 branches (specialized committees) 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 (the following data is statistical data of CRIA), in the first quarter, the realized industrial output value at current price was 84.717 Billion Yuan with a year-on-year (the same below) increase of 8.68%; the realized sales revenue was 82.205 Billion Yuan with an increase of 7.20%; the realized export delivery value was 24.976 Billion Yuan with an increase of 11.55%; and the export rate (value) was 29.48% with an increase of 0.76%; the realized profit and tax was 4.911 Billion Yuan, with an increase of 33.21%; the realized profit was 2.906 Billion Yuan, with an increase of 23.46%; and the profit rate of sales revenue was 4.43%, with an increase of 0.59%. There were 60 enterprises with deficits, increased by 1.69% and the deficit was 513 Million Yuan, decreased by 2.26%. The finished product inventory amount was 28.879 Billion Yuan, with an increase of 11.49%.

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 

Fig. 3: Growth Trend of the Indicators of Sales Revenue and Profit 

See Fig. 1 for comparison of growth of main indicators of rubber industry in the first quarter, 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 positive growth 

Among the specific industries, compared with that in the same period of last year, only the industrial output value at current price of rubber shoes specific industry had negative growth in the first quarter. Among other Specific industries, the specific industry of comprehensive utilization of waste rubber reversed the decline trend in last year to realize positive growth, two Specific industries, rubber products and rubber chemicals, continued keeping positive growth, with the increase better than that of last year, and the growth of the rest specific industries narrowed to different extents compared with that in last year.

Fig. 4: Growth Conditions of Total Industrial Output Value of Each Specific Industry in the First Quarter 

See Fig. 4 for growth conditions of total industrial output value of each specific industry in the first quarter.

Sales revenue realized positive growth

Compared with that in the same period of last year, in the first quarter, the sales revenue of two specific industries, tire and rubber shoes, turned to be negative from being positive, the specific industry of rubber chemicals reversed the decline trend to realize sharp growth, two specific industries, rubber products and rubber machinery moulds, continued keeping positive growth, with the increase better than that of last year, and the growth of the rest specific industries narrowed to different extents.

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

See Fig. 5 for growth conditions of sales revenue of each specific industry in the first quarter.

Export delivery value realized two-digit growth

Compared with that in the same period of last year, in the first quarter, only the export delivery value of the specific industry of rubber shoes turned to be negative from being positive, two specific industries, rubber hoses & rubber belts and comprehensive utilization of waste rubber, reversed the decline trend to realize sharp growth, three Specific industries, rubber products, carbon black and rubber chemicals, continued keeping positive growth, with the increase better than that of last year, and the growth of the rest Specific industries narrowed to different extents.

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

See Fig. 6 for growth conditions of export delivery value of each specific industry in the first quarter.

Conditions of Specific Industries

Tires

For 39 key member enterprises, in the first quarter, the realized industrial output value at current price increased by 1.80% and the realized sales revenue decreased by 0.56%. The output of integrative casing increased by 0.40%, in which the output of radial tires increased by 1.51% and the output of all-steel radial tires increased by 2.90%. The radial rate was 93.67% with a growth of 1.02%. The realized export delivery value increased by 5.97%, and the export rate (value) was 36.18%, with an increase of 1.42%. The export tire delivery volume increased by 4.96%, in which that of export radial tires increased by 5.65%; and the export rate (volume) was 46.65%, with an increase of 2.03%. The realized profit and tax of 34 enterprises increased by 51.86%, the realized profit increased by 10.15% and the profit rate of the sales revenue increased by 0.14%. There were 14 enterprises with deficits, and the deficit was 376 Million Yuan. And the finished product inventory amount was 17.268 Billion Yuan, with an increase of 7.29%.

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

See Fig. 7 for comparison of growth of main indicators of tires specific industry in the first quarter.

Cycle Tires

For 33 key enterprises, in the first quarter, the realized industrial output value at current price increased by 11.57% and the realized sales revenue increased by 8.10%. Growth rate of output of the leading products: the output of bicycle casing increased by 12.67%, the output of electric bicycle casing increased by 1.00% and the output of motorcycle casing increased by 20.07%. The realized export delivery value increased by 3.76%, and the export rate (value) reached 24.90% with a decrease of 1.88%. The realized profit and tax declined by 3.23%, the realized profit declined by 12.81% and the profit rate of the sales revenue reduced by 0.29%. There were 6 enterprises with deficits, and the deficit was 13.30 Million Yuan. And the finished product inventory amount was 705 Million Yuan, with an increase of 25.85%.

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

See Fig. 8 for comparison of growth of main indicators of cycle tires specific industry in the first quarter.

Rubber Hoses & Rubber Belts

For 52 key enterprises, in the first quarter, the realized gross industrial output value at current price increased by 4.49%, and the realized sales revenue increased by 10.25%. Growth rate of output of the leading products: the output of conveyor belt increased by 5.88%, the output of V belt decreased by 15.55%, and the output of rubber hose increased by 10.78%. The realized export delivery value increased by 33.68%, and the export rate (value) reached 11.81% with an increase of 2.58%. The realized profit and tax increased by 23.0%, the realized profit increased by 25.63% and the profit rate of the sales revenue was 8.09%, with an increase of 0.99%. There were 5 enterprises with deficits, and the deficit was 23.65 Million Yuan. And the finished product inventory amount was 2.613 Billion Yuan, with an increase of 11.26%. 

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

See Fig. 9 for comparison of growth of main indicators of rubber hoses & rubber belts specific industry in the first quarter.

Rubber Products

For 54 key enterprises, in the first quarter, the realized gross industrial output value at current price increased by 13.25%, and the realized sales revenue increased by 11.45%. Among the leading products, the output of automobile anti-vibration articles increased by 33.71% and the output of “O” rings increased by 19.30%. The realized export delivery value increased by 18.12%; the export rate (value) reached 24.49% with an increase of 1.01%. The realized profit and tax increased by 28.75%, the realized profit increased by 18.33% and the profit rate of the sales revenue increased by 0.51%. There were 8 enterprises with deficits, and the deficit was 8.29 Million Yuan. And the finished product inventory amount was 3.552 Billion Yuan, with an increase of 18.78%.

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

See Fig. 10 for comparison of growth of main indicators of rubber products specific industry in the first quarter.

Rubber Shoes

For 24 key enterprises, in the first quarter, the realized output value at current price decreased by 10.48%, and the realized sales revenue decreased by 21.27%. The realized rubber shoes output decreased by 12.97%. The realized export delivery value decreased by 24.77%; the export rate (value) was 14.50% with a decrease of 2.75%. The export of rubber shoes decreased by 18.93%; the export rate (volume) reached 11.36% with a decrease of 0.84%. The realized profit and tax decreased by 6.89%, the realized profit decreased by 2.63% and the profit rate of the sales revenue increased by 1.15%. There were 3 enterprises with deficits, and the deficit was 5.42 Million Yuan. And the finished product inventory amount was 653 Million Yuan, with an increase of 21.02%.

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

See Fig. 11 for comparison of growth of main indicators of rubber shoes specific industry in the first quarter.

Latexes

For 27 key enterprises, in the first quarter, the realized industrial output value at current price increased by 0.01%, and the realized sales revenue increased by 9.54%. Growth rate of output of the leading products: the condom output increased by 9.20%, the medical gloves output decreased by 7.41%, and the examination gloves output increased by 2.23%. The realized export delivery value increased by 12.38%; the export rate (value) reached 43.29% with an increase of 4.76%. The realized profit and tax decreased by 9.18%, the realized profit decreased by 47.89% and the profit rate of the sales revenue decreased by 2.36%. There were 9 enterprises with deficits, and the deficit was 19.45 Million Yuan. And the finished product inventory amount was 310 Million Yuan, with a decrease of 3.99%.

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

See Fig. 12 for comparison of growth of main indicators of latexes specific industry in the first quarter.

Carbon Black

For 34 key enterprises, in the First quarter, the realized industrial output value at current price increased by 30.32%, and the realized sales revenue increased by 33.81%. The total output of carbon black decreased by 0.75%, in which the output of wet process carbon black decreased by 1.38%. The export of carbon black increased by 20.89%, the export rate (volume) reached 15.52% with an increase of 2.78%. The realized export delivery value increased by 88.60%; the export rate (value) was 15.20% with an increase of 4.70%. The realized profit and tax increased by 88.37%, the realized profit increased by 130.82%, and the profit rate of the sales revenue was 7.43%, with an increase of 3.12%. There were 6 enterprises with deficits, and the deficit was 1.86 Million Yuan. And the finished product inventory amount was 2.073 Billion Yuan, with an increase of 25.89%.

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

See Fig. 13 for comparison of growth of main indicators of carbon black specific industry in the first quarter.

Rubber Machinery Moulds

For 21 key enterprises, in the first quarter, the realized output of moulds increased by 1.71%, the realized industrial output value at current price increased by 2.05%, and the realized sales revenue increased by 1.93%. The export delivery value increased by 6.14%, and the export rate (value) reached 30.03% with an increase of 1.16%. The realized profit and tax increased by 1.73%, the realized profit increased by 1.75%, and the profit rate of the sales revenue decreased by 0.03%. And the finished product inventory amount was 429 Million Yuan, with a decrease of 1.83%.

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

See Fig. 14 for comparison of growth of main indicators of rubber machinery moulds specific industry in the first quarter.

Comprehensive Utilization of Waste Rubber

For 31 key enterprises, in the first quarter, the realized industrial output value at current price increased by 2.75%, and the realized sales revenue increased by 3.40%. The reclaimed rubber output decreased by 4.31% and the rubber powder output increased by 15.27%. The realized export delivery value increased by 9.71%; and the export rate (value) reached 3.18% with an increase of 0.20%. The realized profit and tax increased by 1.11%, the realized profit decreased by 8.27%, and the profit rate of the sales revenue decreased by 0.67%. There were 3 enterprises with deficits, and the deficit was 730,000 Yuan. And the finished product inventory amount was 228 Million Yuan, with an increase of 49.61%.

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

See Fig. 15 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first quarter.

Rubber Chemicals

For 40 key enterprises, in the first quarter, the realized industrial output value at current price increased by 37.75% and the realized sales revenue increased by 32.42%. The gross output of rubber chemicals increased by 9.21%, among which, the accelerating agent output increased by 7.17%, and the anti-deteriorant output increased by 2.56%. The realized export delivery value increased by 23.62%, and the export rate (value) reached 30.88%, which decreased by 3.53%. The export volume of rubber chemicals increased by 3.24%, the export rate (volume) reached 30.86%, which decreased by 1.79%.

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

See Fig. 16 for comparison of growth of main indicators of rubber chemicals specific industry in the first quarter.

Framework Materials

For 20 key enterprises, in the first quarter, the realized industrial output value at current price increased by 10.64% and the realized sales revenue increased by 14.85%. The realized export delivery value increased by 10.63%, and the export rate (value) reached 33.55%, which leveled with that in the same period of last year. The realized profit and tax decreased by 8.53%, the realized profit decreased by 10.39%, and the profit rate of the sales revenue decreased by 1.16%. There were 5 enterprises with deficits, and the deficit was 54 Million Yuan. And the finished product inventory amount was 1.048 Billion Yuan, with an increase of 29.36%. 

For 37 enterprises, in the First quarter, the gross output increased by 6.39%, in which the output of fiber cord fabrics increased by 1.17%, the output of steel cord increased by 5.30%, the output of bead wire increased by 12.66%, and the output of belt wire increased by 10.90%. 

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

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

Links 

Price index of tire in first quarter 

Take January 2011 as the base point (price index is 100), monitor the price of 8 major tire products in the retail market (radial truck tires: 12.00R20-18PR, 11.00R20-16PR, 12R22.5-16PR and 8.25R16-16PR; radial passenger car tires: 215/55R16, 205/55R16, 195/55R15 and 165/70R14), and calculate to conclude that the price index of all-steel tire in March 2018 is 76.23, with a link relative reduction of 1.76 base points and a year-on-year reduction of 8.14 base points; the price index of semi-steel tire is 79.01, with a link relative reduction of 3.86 base points and a year-on-year reduction of 21.22 base points.

Output and sales conditions of automobiles and motorcycles in first quarter

According to the statistics of China Association of Automobile Manufacturers, in the first quarter of 2018, the output and sales of China’s automobiles were respectively 7.0222 million and 7.1827 million, with the output decreased by 1.36% and the sales increased by 2.79%; and the output and sales of motorcycles were respectively 3.8367 million and 3.8727 million, with the output decreased by 1.28% and 2.05% respectively.