In the first half year of 2017, the main economic operation indicators of the rubber industry, industrial output value at current price, sales revenue and export delivery value, realized a substantial growth, in which the growth of industrial output value at current price and sales revenue gradually narrowed, the growth of the export delivery value was robust, and the profit declined with decrease narrowed.
Main Condition of Industry Operation
According to the statistics of China Rubber Industry Association (hereinafter referred to as CRIA) on 411 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, in the first half year of 2017, the realized industrial output value at current price had a year-on-year (the same below) increase of 13.70%; the realized sales revenue had an increase of 14.94%; the export delivery value had an increase of 17.23%; and the export rate (value) was 29.26% with an increase of 0.88%; the realized profit and tax decreased by 9.94%; the profit decreased by 4.00%; and the profit rate of sales revenue was 4.30% with a decrease of 0.89%. There were 56 enterprises with deficits, decreased by 11.11% and the deficit was 1.16 Billion Yuan with an increase of 57.03%. The manufactured inventory amount increased by 23.29%. See Fig. 1 for comparison of growth of main indicators of rubber industry in the first half year and Fig. 2~5 for growth trend of industrial output value at current price, sales revenue, export delivery value and realized profit respectively.
Fig. 1: Comparison of Growth of Main Indicators of Rubber Industry in First Half Year
Fig. 2: Growth Trend of Industrial Output Value at Current Price of Rubber Industry in First Half Year
Fig. 3: Growth Trend of Sales Revenue of Rubber Industry in First Half Year
Fig. 4: Growth Trend of Export Delivery Value of Rubber Industry in First Half Year
Fig. 5: Growth Trend of Realized Profit of Rubber Industry in First Half Year
Main Features and Analysis of Economic Operation
Industrial output value at current price realized a substantial growth
According to the statistics of CRIA on key member enterprises, in the first half year, the industrial output value at current price increased by 13.70%, with an increase of 16.60% compared with that in the same period of last year and a decrease of 2.60% compared with that in the first quarter. Among specific industries, only the growth of the industrial output value at current price of rubber chemicals industry fell, which had a large fall after rise compared with that in the same period of last year and slightly decreased compared with that in the first quarter. Among specific industries realizing growth, the annual growth was stronger than that in the same period of last year; compared with the growth in the first quarter, the growth of four industries, rubber hoses & rubber belts, rubber products, rubber shoes and comprehensive utilization of waste rubber, enlarged. See Fig. 6 for growth of gross industrial output value of each specific industry of rubber industry in the first half year.
Fig. 6: Growth of Gross Industrial Output Value of Each Specific Industry of Rubber Industry in First Half Year
Sales revenue realized a substantial increase
According to the statistics of CRIA on key member enterprises, in the first half year, the sales revenue increased by 14.94%, which increased by 17.11% and decreased by 4.05% compared with that in the first quarter. Among specific industries, only the sales revenue of rubber chemicals industry fell, which had a large fall compared with that in the same period of last year but narrowed compared with that in the first quarter. Among specific industries realizing growth, the growth enlarged at different degrees compared with that in the same period of last year. Compared with the growth in the first quarter, the growth of six industries, rubber hoses & rubber belts, rubber products, rubber shoes, carbon black, rubber machinery moulds and comprehensive utilization of waste rubber, enlarged. See Fig. 7 for growth of sales revenue of each specific industry of rubber industry in the first half year.
Fig. 7: Growth of Sales Revenue of Each Specific Industry of Rubber Industry in First Half Year
Export delivery value had a substantial increase while each specific industry had differentiation
According to the statistics of CRIA on key member enterprises, in the first half year, the export delivery value increased by 17.23%, which increased by 20.83% compared with that in the last year and 3.73% compared with that in the first quarter. The export rate (value) was 29.26%, with an increase of 0.88%. Among specific industries, the export delivery value of two industries, rubber hoses & rubber belts and comprehensive utilization of waste rubber, had a negative growth; compared with that in the same period of last year, the decrease of rubber hoses & rubber belts industry enlarged while that of comprehensive utilization of waste rubber industry narrowed. Compared with that in the first quarter, the decrease of two industries enlarged. Among specific industries realizing growth, compared with that in the same period of last year, the growth of the export delivery value of six specific industries, tires, rubber products, latexes, carbon black, rubber chemicals and framework materials, enlarged at different degrees. Compared with that in the first quarter, the growth of the export delivery value of six specific industries, tires, cycle tires, rubber products, carbon black, rubber machinery moulds and framework materials, enlarged at different degrees. See Fig. 8 for growth of export delivery value of each specific industry of rubber industry in the first half year.
Fig. 8: Growth of Export Delivery Value of Each Specific Industry of Rubber Industry in First Half Year
Conditions of Specific Industries
Tires
For 41 key member enterprises, in the first half year, the realized industrial output value at current price increased by 10.36% and the realized sales revenue increased by 14.33%, in which the sales revenue of radial tires increased by 15.84%. The output of integrative casing increased by 10.12%, in which the output of radial tires increased by 11.22% and the output of all-steel radial tires increased by 11.66%. The radial rate was 93.14% with a growth of 0.92%. The realized export delivery value increased by 15.69%, and the export rate (value) was 35.21%, with an increase of 1.62%. The export tire delivery volume increased by 13.27%, in which that of export radial tires increased by 14.98%; and the export rate (volume) was 46.22%, with an increase of 1.29%. The realized profit and tax of 36 enterprises declined by 60.51%, the profit declined by 68.26% and the profit rate of the sales revenue reduced by 3.02%. There were 13 enterprises with deficits, and the deficit was 958 Million Yuan. And the manufactured inventory amount increased by 24.67%. See Fig. 9 for comparison of growth of main indicators of tires specific industry in the first half year.
Fig. 9: Comparison of Growth of Main Indicators of Tire Industry in First Half Year
Cycle Tires
For 39 key enterprises, in the first half year, the realized industrial output value at current price increased by 10.75% and the realized sales revenue increased by 10.16%. Among the leading products, the output of bicycle casing increased by 13.45%, the output of electric bicycle casing increased by 15.27% and the output of motorcycle casing decreased by 9.67%. The realized export delivery value increased by 5.05%, and the export rate (value) reached 21.45% with a decrease of 1.16%. The realized profit and tax declined by 31.72%, the profit decreased by 43.68% and the profit rate of the sales revenue reduced by 2.26%. There were 3 enterprises with deficits, and the deficit was 10.1 Million Yuan. And the amount of the finished products increased by 14.32%. See Fig. 10 for comparison of growth of main indicators of cycle tires specific industry in the first half year.
Fig. 10: Comparison of Growth of Main Indicators of Cycle Tires Industry in First Half Year
Rubber Hoses & Rubber Belts
For 52 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 14.62%, and the sales revenue increased by 13.85%. Among the leading products, the output of conveyor belt increased by 16.50%, the output of V belt decreased by 1.08%, and the output of rubber hose increased by 18.29%. The realized export delivery value decreased by 10.05%, and the export rate (value) reached 8.87% with a decrease of 2.43%. The realized profit and tax increased by 23.81%, the profit increased by 37.59% and the profit rate of the sales revenue increased by 1.50%. There were 4 enterprises with deficits, and the deficit was 24.33 Million Yuan. And the manufactured inventory amount increased by 18.68%. See Fig. 11 for comparison of growth of main indicators of rubber hoses & rubber belts specific industry in the first half year.
Fig. 11: Comparison of Growth of Main Indicators of Rubber Hoses & Rubber Belts Specific Industry in First Half Year
Rubber Products
For 57 key enterprises, in the first half year, the realized gross industrial output value at current price increased by 14.34%, and the sales revenue increased by 7.68%. Among the leading products, the output of automobile anti-vibration articles increased by 22.75% and the output of “O” rings increased by 15.50%. The realized export delivery value increased by 29.78%; the export rate (value) reached 25.62% with an increase of 3.05%. The export amount of auto spare parts increased by 22.96%. The realized profit and tax increased by 19.79%, the profit increased by 30.28% and the profit rate of the sales revenue reached 8.87%, with an increase of 1.54%. There were 7 enterprises with deficits, and the deficit was 5.93 Million Yuan. And the inventory amount increased by 23.33%. See Fig. 12 for comparison of growth of main indicators of rubber products specific industry in the first half year.
Fig. 12: Comparison of Growth of Main Indicators of Rubber Products Specific Industry in First Half Year
Rubber Shoes
For 25 key enterprises, in the first half year, the realized output value at current price increased by 0.27%, and the realized sales revenue increased by 8.92%. The realized rubber shoes output decreased by 0.76%. The realized export delivery value increased by 8.17%; the export rate (value) was 11.85% with an decrease of 0.08%. The export of rubber shoes increased by 13.19%; the export rate (volume) reached 11.75% with an increase of 1.45%. The realized profit and tax increased by 19.72%, the profit increased by 10.69% and the profit rate of the sales revenue increased by 0.07%. There were 5 enterprises with deficits, and the deficit was 30.98 Million Yuan. And the inventory amount decreased by 11.89%. See Fig. 13 for comparison of growth of main indicators of rubber shoes specific industry in the first half year.
Fig. 13: Comparison of Growth of Main Indicators of Rubber Shoes Specific Industry in First Half Year
Latexes
For 28 key enterprises, in the first half year, the realized industrial output value at current price increased by 9.35%, and the realized sales revenue increased by 14.57%. Among the leading products, the condom output decreased by 20.14%; the medical gloves output increased by 2.28%; and the examination gloves output increased by 0.65%. The realized export delivery value increased by 15.49%; the export rate (value) reached 44.10% with an increase of 2.34%. The realized profit and tax increased by 41.05%, the profit increased by 43.30% and the profit rate of the sales revenue increased by 1.06%. There were 9 enterprises with deficits, and the deficit was 19.20 Million Yuan. And the manufactured inventory amount increased by 0.76%. See Fig. 14 for comparison of growth of main indicators of latexes specific industry in the first half year.
Fig. 14: Comparison of Growth of Main Indicators of Latexes Specific Industry in First Half Year
Carbon Black
For 35 key enterprises, in the first half year, the realized industrial output value at current price increased by 57.89%, and the realized sales revenue increased by 69.38%. The total output of carbon black increased by 10.75%, in which the output of wet process carbon black increased by 11.05%. The realized export delivery value increased by 43.62%; the export rate (value) was 12.06% with a decrease of 1.20%. The export of carbon black increased by 2.95%, the export rate (volume) reached 12.73% with a decrease of 0.97%. The realized profit and tax was 1.263 Billion Yuan, the realized profit was 668 Million Yuan, the industry had deficit in the same period of last year, and the profit rate of the sales revenue increased by 6.78%. There were 9 enterprises with deficits, and the deficit was 29.76 Million Yuan. And the inventory amount increased by 44.37%. See Fig. 15 for comparison of growth of main indicators of carbon black specific industry in the first half year.
Fig. 15: Comparison of Growth of Main Indicators of Carbon Black Specific Industry in First Half Year
Rubber Machinery Moulds
For 21 key moulds enterprises, in the first half year, the realized industrial output value at current price increased by 2.38%, and the realized sales revenue increased by 2.53%. The realized output of moulds increased by 2.58%. The realized export delivery value increased by 30.09%; the export rate (value) reached 41.36% with an increase of 8.76%. The realized profit and tax increased by 2.23%, the profit increased by 2.33%, and the profit rate of the sales revenue decreased by 0.04%. There was 1 enterprise with deficits, and the deficit was 17.07 Million Yuan. And the inventory amount increased by 20.90%. See Fig. 16 for comparison of growth of main indicators of rubber machinery moulds in the first half year.
Fig. 16: Comparison of Growth of Main Indicators of Rubber Machinery Moulds Specific Industry in First Half Year
Comprehensive Utilization of Waste Rubber
For 31 key enterprises, in the first half year, the realized industrial output value at current price increased by 4.29%, and the realized sales revenue increased by 5.78%. The reclaimed rubber output increased by 5.04% and the rubber powder output increased by 11.28%. The realized export delivery value decreased by 16.99%; and the export rate (value) reached 2.62% with a decrease of 0.67%. The realized profit and tax decreased by 9.78%, the realized profit decreased by 10.13%, and the profit rate of the sales revenue decreased by 1.11%. There was 1 enterprise with deficits, and the deficit was 100,000 Yuan. And the inventory amount increased by 49.08%. See Fig. 17 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first half year.
Fig. 17: Comparison of Growth of Main Indicators of Comprehensive Utilization of Waste Rubber Specific Industry in First Half Year
Rubber Chemicals
For 47 key enterprises, in the first half year, the realized industrial output value at current price decreased by 0.62% and the realized sales revenue decreased by 1.41%. The gross output of rubber chemicals decreased by 3.34%, among which, the accelerating agent output decreased by 0.18%, and the anti-deteriorant output decreased by 4.39%. The realized export delivery value increased by 10.24%, and the export rate (value) reached 34.99%, which increased by 3.70%. The export volume of rubber chemicals increased by 7.22%, the export rate (volume) reached 32.05%, which increased by 3.16%. See Fig. 18 for comparison of growth of main indicators of rubber chemicals specific industry in the first half year.
Fig. 18: Comparison of Growth of Main Indicators of Rubber Chemicals Specific Industry in First Half Year
Framework Materials
For 20 enterprises, in the first half year, the realized industrial output value at current price increased by 34.67% and the realized sales revenue increased by 21.42%. The realized export delivery value increased by 26.41%, and the export rate (value) reached 37.95%, which increased by 1.50%. The realized profit and tax decreased by 14.31%, the profit increased by 13.98%, and the profit rate of the sales revenue was 5.05%, which decreased by 0.33%. There were 4 enterprises with deficits, and the deficit was 64.22 Million Yuan. And the inventory amount increased by 7.09%.
For 35 enterprises, in the first half year, the output of framework materials increased by 6.45%; in which the output of fiber cord fabrics decreased by 0.50%, the output of steel cord increased by 11.20% and the output of bead wire increased by 0.92%. See Fig. 19 for comparison of growth of main indicators of framework materials specific industry in the first half year.
Fig. 19: Comparison of Growth of Main Indicators of Framework Materials Specific Industry in First Half Year
(Secretariat of CRIA)
