By the end of February, nearly 20 rubber enterprises had published the preliminary earnings estimate of 2017.
Table 1: Operating Revenue and Profit of 3 Tire Enterprises in 2017
Enterprise Name | Operating Income, Hundred Million Yuan | Increase | Operating Profit, Hundred Million Yuan | Increase |
Zhongce Rubber Group Co., Ltd. | 297 | 22% | / | / |
Shandong Linglong Tire Co., Ltd. | 139.13 | 32.28% | 11.09% | 4.36% |
Sailun Jinyu Group Co.,Ltd. | 136.29 | 22.42% | 3.47 | -20.35% |
Table 2: Operating Revenue and Profit of 13 Non-tire Rubber Enterprises in 2017
Enterprise Name | Operating Income, Hundred Million Yuan | Increase | Operating Profit, Hundred Million Yuan | Increase |
Jiangxi Black Cat Carbon Black Inc., Ltd. | 69.5 | 58.58% | 5.67 | 534.20% |
Qingdao MESNAC Electrical and Mechanical Engineering Co., Ltd. | 27.3 | 41.28% | 0.92 | 111.75% |
Longxing Chemical Stock Co, Ltd. | 27 | 46.68% | 1.11 | 249.65% |
Shanxi Yongdong Chemical Industry Co.,Ltd. | 19.9 | 81.10% | 2.73 | 264.77% |
Shandong Yanggu Huatai Chemical Co.,Ltd. | 16.35 | 31.83% | 2.56 | 36.15% |
Wuxi Boton Technology Co., Ltd. | 15.1 | 3.22% | 2.45 | 20.27% |
Jiangyin Haida Rubber And Plastic Co.,Ltd. | 12.92 | 50.94% | 1.4 | 69.05% |
Greatoo Intelligent Equipment Inc. | 11.5 | 41.10% | 1.51 | 589.16% |
Tianjin Pengling Rubber Hose Co., Ltd. | 11.4 | 5.05% | 1.41 | -12.95% |
Zhejiang Double Arrow Rubber Co., Ltd. | 11.3 | 5.85% | 1.22 | 198.51% |
Shandong Daoen Polymer Material Co.,Ltd. | 9.38 | 17.33% | 1.06 | 18.86% |
Zhejiang Xiantong Rubber&Plastic Co.,Ltd. | 7.31 | 24.75% | 1.99 | 18.16% |
Qingdao Sunsong Co., Ltd. | 5.22 | 22.02% | 0.19 | 38.87% |
Rubber enterprise with the highest operating revenue: ZC Rubber, with an operating revenue of nearly 30 Billion Yuan, ranks top among rubber enterprises!
Listed tire enterprise with the highest growth rate of operating revenue: The growth rate of operating revenue of Linglong Tire is 32.28%, which is the best performance of listed tire enterprises in China!
Enterprise with the largest growth of operating revenue: The growth of operating revenue of carbon black manufacturer Shanxi Yongdong Chemistry Industry Co., Ltd. reaches 81.10%!
Enterprise with the highest profit growth: The profit growth of Greatoo Intelligent Equipment Inc. is 589.16%!
It is not difficult to find that the operating revenue and operating profit of upstream enterprises of rubber products, rubber hoses & belts and tire basically keep growth; however, seen from the performance of Linglong Tire and Sailun Jinyu which have published preliminary earnings estimate, the profit conditions of tire industry in 2017 are not optimistic, in which the preliminary earnings estimate published by Giti Tire and AEOLUS Tyre shows that the profit has a sharp decline.
Each rubber enterprise publishing preliminary earnings estimate also explains the reason for performance change, most of which mention huge influence of rising price of raw materials and increasingly stringent environmental supervision on rate of operation and production efficiency of the enterprises.
ZC Rubber and Linglong Tire attribute the rise in operating revenue to constant improvement of the competitiveness such as product quality and delivery ability as well as recovery of market demand environment; Sailun Jinyu expressed that the rise in sales price of the tire products of this company in last year had certain lagging and the rise was smaller than that in cost of main raw materials, which resulted in that the net profit had a sharp year-on-year decline.
Tire raw materials enterprises such as Black Cat Carbon Black, Longxing Chemical and Yanggu Huatai enjoy the benefits brought about by constant growth of industrial concentration, the main products are in great demand and have a sharp rise in price, thus the profitability is greatly increased.
Enterprises such as Yongdong Chemical, Haida Stock and Chuanhuan Technology expressed that reasonable capacity expansion made the performance of 2017 sharply increase.
While the core business of Baotong Technology was steadily improved, rapid growth of the subsidiary in performance of online game industry provided it with new profit point.
Most of the enterprises also specially mentioned that reasonable cost control and disposal of outdated capacity made the operating profit of the enterprises obviously improved compared with the previous years.