Main Condition of Industry Operation

According to the statistics of China Rubber Industry Association (hereinafter referred to as CRIA) on 410 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 quarter of 2017, the realized industrial output value at current price had a year-on-year (the same below) increase of 16.30%; the realized sales revenue had an increase of 18.98%;

the realized export delivery value had an increase of 13.50%; and the export rate (value) was 27.86% with a decrease of 0.69%; the realized profit and tax decreased by 3.88%; the realized profit increased by 6.72%; and the profit rate of sales revenue was 4.30% with a decrease of 0.51%. There were 69 enterprises with deficits, increased by 2.99% and the deficit was 0.578 Billion Yuan with an increase of 20.94%.The manufactured inventory amount increased by 6.88%. See Fig. 1 for comparison of growth of main indicators of rubber industry in the first quarter 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 Quarter 

Fig. 2 Growth Trend of Industrial Output Value at Current Price of Rubber Industry in First Quarter 

Fig. 3 Growth Trend of Sales Revenue of Rubber Industry in First Quarter 

Fig. 4 Growth Trend of Export Delivery Value of Rubber Industry in First Quarter 

Fig. 5 Growth Trend of Realized Profit of Rubber Industry in First Quarter 

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 quarter, the industrial output value at current price increased by 16.30%, with an increase of 21.57%. Among specific industries, the industrial output value at current price of only two industries, rubber shoes and comprehensive utilization of waste rubber, fell, but the decrease narrowed compared with that of last year. Among specific industries realizing growth, only the growth of the industrial output value at current price of rubber chemicals specific industry fell while that of the other specific industries realized a relatively large promotion. See Fig. 6 for growth of gross industrial output value of each specific industry of rubber industry in the first quarter.

Fig. 6 Growth of Gross Industrial Output Value of Each Specific Industry of Rubber Industry in First Quarter 

Sales revenue realized a substantial increase

According to the statistics of CRIA on key member enterprises, in the first quarter, the sales revenue increased by 18.98%, which increased by 22.12%. Among specific industries, only the sales revenue of rubber chemicals fell. Among specific industries realizing positive growth, only the growth of the sales revenue of rubber products is lower than that in the same period of last year while that of the other industries have different degrees of increase compared with that in the same period of last year. See Fig. 7 for growth of sales revenue of each specific industry of rubber industry in the first quarter.

Fig. 7 Growth of Sales Revenue of Each Specific Industry of Rubber Industry in First Quarter 

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 quarter, the export delivery value increased by 13.50%, which increased by 21.05%; the export rate (value) was 27.86%, with a decrease of 0.69%. Among specific industries, the export delivery value of only two industries, rubber hoses & rubber belts and comprehensive utilization of waste rubber, had a negative growth, but the decrease narrowed compared with that in the same period of last year. The growth of the export delivery value of five specific industries, tires, latexes, carbon black, rubber chemicals and framework materials, was stronger than that in the same period of last year; and the growth of the export delivery value of four specific industries, cycle tires, rubber products, rubber shoes and rubber machinery moulds, fell compared with that in the same period of last year. See Fig. 8 for growth of export delivery value of each specific industry of rubber industry in the first quarter. 

Fig. 8 Growth of Export Delivery Value of Each Specific Industry of Rubber Industry in First Quarter 

Conditions of Specific Industries

Tires

For 40 key member enterprises, in the first quarter, the realized industrial output value at current price increased by 14.90% and the realized sales revenue increased by 23.05%, in which the sales revenue of radial tires increased by 23.72%. The output of integrative casing increased by 13.65%, in which the output of radial tires increased by 14.0% and the output of all-steel radial tires increased by 21.03%. The radial rate was 92.20% with a growth of 0.28%. The realized export delivery value increased by 14.12%, and the export rate (value) was 32.81%, with a decrease of 0.22%. The export tire delivery volume increased by 10.62%, in which that of export radial tires increased by 11.95%; and the export rate (volume) was 42.95%, with a decrease of 1.18%. The realized profit and tax of 37 enterprises declined by 38.64%, the profit declined by 40.38% and the profit rate of the sales revenue reduced by 2.19%. There were 14 enterprises with deficits, and the deficit was 440 Million Yuan. And the manufactured inventory amount increased by 2.82%. See Fig. 9 for comparison of growth of main indicators of tires specific industry in the first quarter.

Fig. 9 Comparison of Growth of Main Indicators of Tire Industry in First Quarter 

Cycle Tires

For 39 key enterprises, in the first quarter, the realized industrial output value at current price increased by 12.25% and the realized sales revenue increased by 18.44%. Among the leading products, the output of bicycle casing declined by 0.47%, the output of electric bicycle casing increased by 16.88% and the output of motorcycle casing decreased by 16.44%. The realized export delivery value increased by 4.82%, and the export rate (value) reached 26.65% with a decrease of 1.89%. The realized profit and tax declined by 5.30%, the profit increased by 0.10% and the profit rate of the sales revenue reduced by 0.65%. There were 5 enterprises with deficits, and the deficit was 8.52 Million Yuan. And the inventory amount decreased by 15.04%. See Fig. 10 for comparison of growth of main indicators of cycle tires specific industry in the first quarter.

Fig. 10 Comparison of Growth of Main Indicators of Cycle Tires Industry in First Quarter 

Rubber Hoses & Rubber Belts

For 54 key enterprises, in the first quarter, the realized gross industrial output value at current price increased by 11.99%, and the realized sales revenue increased by 10.48%. Among the leading products, the output of conveyor belt increased by 7.40%, the output of V belt increased by 1.90%, and the output of rubber hose increased by 7.74%. The realized export delivery value decreased by 9.62%, and the export rate (value) reached 8.75% with a decrease of 2.09%. The realized profit and tax increased by 11.08%, the realized profit increased by 37.98% and the profit rate of the sales revenue increased by 1.57%. There were 8 enterprises with deficits, and the deficit was 24 Million Yuan. And the manufactured inventory amount increased by 15.43%. See Fig. 11 for comparison of growth of main indicators of rubber hoses & rubber belts specific industry in the first quarter.

Fig. 11 Comparison of Growth of Main Indicators of Rubber Hoses & Rubber Belts Specific Industry in First Quarter 

Rubber Products

For 55 key enterprises, in the first quarter, the realized gross industrial output value at current price increased by 10.75%, and the realized sales revenue increased by 3.05%. Among the leading products, the output of automobile anti-vibration articles increased by 13.82% and the output of “O” rings increased by 26.44%. The realized export delivery value increased by 11.27%; the export rate (value) reached 24.37% with an increase of 0.11%. The realized profit and tax increased by 18.99%, the realized profit increased by 10.51% and the profit rate of the sales revenue reached 7.31%, with an increase of 0.49%. There were 9 enterprises with deficits, and the deficit was 9.61 Million Yuan. And the manufactured inventory amount increased by 17.72%. See Fig. 12 for comparison of growth of main indicators of rubber products specific industry in the first quarter.

Fig. 12 Comparison of Growth of Main Indicators of Rubber Products Specific Industry in First Quarter 

Rubber Shoes

For 25 key enterprises, in the first quarter, the realized output value at current price decreased by 0.42%, and the realized sales revenue increased by 4.74%. The realized rubber shoes output increased by 1.53%. The realized export delivery value increased by 12.76%; the export rate (value) was 12.41% with an increase of 0.88%. The export of rubber shoes increased by 15.76%; the export rate (volume) reached 12.17% with an increase of 1.50%. The realized profit and tax increased by 5.62%, the realized profit increased by 27.27% and the profit rate of the sales revenue increased by 0.74%. There were 5 enterprises with deficits, and the deficit was 7.23 Million Yuan. And the inventory amount decreased by 20.61%. See Fig. 13 for comparison of growth of main indicators of rubber shoes specific industry in the first quarter.

Fig. 13 Comparison of Growth of Main Indicators of Rubber Shoes Specific Industry in First Quarter 

Latexes

For 28 key enterprises, in the first quarter, the realized industrial output value at current price increased by 11.69%, and the realized sales revenue increased by 16.93%. Among the leading products, the condom output decreased by 14.29%; the medical gloves output decreased by 1.87%; and the examination gloves output decreased by 23.40%. The realized export delivery value increased by 17.94%; the export rate (value) reached 41.39% with an increase of 2.19%. The realized profit and tax increased by 69.03%, the realized profit increased by 127.04% and the profit rate of the sales revenue increased by 2.40%. There were 9 enterprises with deficits, and the deficit was 11.11 Million Yuan. And the manufactured inventory amount increased by 1.45%. See Fig. 14 for comparison of growth of main indicators of latexes specific industry in the first quarter.

Fig. 14 Comparison of Growth of Main Indicators of Latexes Specific Industry in First Quarter 

Carbon Black

For 35 key enterprises, in the first quarter, the realized industrial output value at current price increased by 68.26%, and the realized sales revenue increased by 64.22%. The total output of carbon black increased by 21.72%, in which the output of wet process carbon black increased by 21.61%. The realized export delivery value increased by 27.06%; the export rate (value) was 10.54% with a decrease of 3.42%. The export of carbon black increased by 2.49%, the export rate (volume) reached 12.74% with a decrease of 2.39%. The realized profit and tax increased by 324.44%, the realized profit turned from deficits to profit, and the profit rate of the sales revenue increased by 7.46%. There were 9 enterprises with deficits, and the deficit was 28 Million Yuan. And the inventory amount increased by 16.20%. See Fig. 15 for comparison of growth of main indicators of carbon black specific industry in the first quarter.

Fig. 15 Comparison of Growth of Main Indicators of Carbon Black Specific Industry in First Quarter 

Rubber Machinery Moulds

For 21 key moulds enterprises, in the first quarter, the realized industrial output value at current price increased by 2.69%, and the realized sales revenue increased by 0.20%. The realized output of moulds increased by 0.83%. The realized export delivery value increased by 17.27%; the export rate (value) reached 35.66% with an increase of 5.19%. The realized profit and tax increased by 0.88%, the realized profit increased by 1.04%, and the profit rate of the sales revenue increased by 0.15%. There were 2 enterprises with deficits, and the deficit was 21.03 Million Yuan. And the inventory amount increased by 19.42%. See Fig. 16 for comparison of growth of main indicators of rubber machinery moulds in the first quarter.

Fig. 16 Comparison of Growth of Main Indicators of Rubber Machinery Moulds Specific Industry in First Quarter 

Comprehensive Utilization of Waste Rubber

For 31 key enterprises, in the first quarter, the realized industrial output value at current price decreased by 2.33%, and the realized sales revenue increased by 5.70%. The reclaimed rubber output increased by 5.73% and the rubber powder output decreased by 0.91%. The realized export delivery value decreased by 11.71%; and the export rate (value) reached 3.07% with a decrease of 0.33%. The realized profit and tax decreased by 9.07%, the realized profit decreased by 14.64%, and the profit rate of the sales revenue decreased by 1.67%. There were 3 enterprises with deficits, and the deficit was 412,800 Yuan. And the inventory amount increased by 46.68%. See Fig. 17 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first quarter.

Fig. 17 Comparison of Growth of Main Indicators of Comprehensive Utilization of Waste Rubber Specific Industry in First Quarter 

Rubber Chemicals

For 47 key enterprises, in the first quarter, the realized industrial output value at current price increased by 0.76% and the realized sales revenue decreased by 3.03%. The gross output of rubber chemicals increased by 1.90%, among which, the accelerating agent output increased by 7.32%, and the anti-deteriorant output decreased by 0.01%. The realized export delivery value increased by 10.88%, and the export rate (value) reached 36.82%, which increased by 4.62%. The export volume of rubber chemicals increased by 10.41%, the export rate (volume) reached 32.64%, which increased by 2.52%. See Fig. 18 for comparison of growth of main indicators of rubber chemicals specific industry in the first quarter.

Fig. 18 Comparison of Growth of Main Indicators of Rubber Chemicals Specific Industry in First Quarter 

Framework Materials

For 22 enterprises, in the first quarter, the realized industrial output value at current price increased by 37.16% and the realized sales revenue increased by 33.42%. The realized export delivery value increased by 23.12%, and the export rate (value) reached 37.10%, which decreased by 3.10%. The realized profit and tax increased by 48.25%, the realized profit increased by 59.56%, and the profit rate of the sales revenue was 5.27%, which increased by 0.86%. There were 5 enterprises with deficits, and the deficit was 28.52 Million Yuan. And the inventory amount increased by 33.30%.

For 35 enterprises, in the first quarter, the output of framework materials increased by 21.81%; in which the output of fiber cord fabrics increased by 2.29%, the output of steel cord increased by 37.87% and the output of bead wire increased by 3.65%. See Fig. 19 for comparison of growth of main indicators of framework materials specific industry in the first quarter. 

Fig. 19 Comparison of Growth of Main Indicators of Framework Materials Specific Industry in First Quarter 

(Secretariat of CRIA)