By Wang Fengsheng, China Rubber Industry Association
The economic functioning of the rubber industry in China was basically stable and presented a trend of low-speed growth in 2018. Benefits were better than the previous year and the export status was on the whole stable. Major economic functioning indicators of the rubber industry (present price industrial output value, main-business revenue, export delivery value and profit) achieved a positive growth. The growth of the present price industrial output value and the main-business revenue was narrowed. The growth of the export delivery value was basically stable. The profit made a considerable growth.
The present price industrial output value achieved a positive growth
According to statistics made to 373 key member enterprises in 11 branches of China Rubber Industry Association including tires, cart tires, rubber hoses/belts, rubber products, rubber shoes, latex, carbon black, scrap rubber comprehensive utilization, rubber machinery/molds, rubber additives and skeleton materials, the total present price industrial output value was RMB283.134 billion during January-October 2018, an increase of 6.31% over the same period of the previous year and the growth was 4.95 percent points lower. The present price industrial output value in the sector of rubber shoes had a negative growth. The growth in the sector of latex, the sector of scrap rubber comprehensive utilization, the sector of rubber additives and the sector of skeleton materials was higher than the same period of the previous year. See Figure 1 for detail.
Figure 1 Growth of the total Industrial output value in the rubber industry and various sectors during January-October 2018
The sales revenue made a positive growth
The sales revenue in the rubber industry was RMB281.618 billion during January-October 2018, an increase of 6.12% over the same period of the previous year and the growth was 10.19 percent points lower. The sales revenue in the sector of rubber shoes had a negative growth. The growth in the sector of rubber additives was higher than the same period of the previous year. See Figure 2 for detail.
Figure 2 Growth of the sales revenue in the rubber Industry and various sectors during January-October 2018
The export delivery value maintained a growth
The export delivery value in the rubber industry was RMB93.611 billion during January-October 2018, an increase of 8.08% over the same period of the previous year and the growth was 11.08 percent points lower. The rate of export (value) was 33.06%, being 0.54 percent points higher. The export delivery value in the sector of rubber shoes had a negative growth. The sector of rubber hoses/belts and the sector of scrap rubber comprehensive utilization reversed the declining trend in the same period of the previous year and achieved a positive growth. The growth in the sector of cart tires and the sector of rubber additives was higher than the same period of the previous year. See Figure 3 for detail.
Figure 3 Growth of the export delivery value in the rubber industry and various sectors during January-October 2018
The profit had a positive growth
The profit and tax in the rubber industry was RMB19.50 billion during January-October 2018, an increase of 21.50% over the same period of the previous year. The profit was RMB13.074 billion, an increase of 31.14% (the growth being -10.92% in the same period of 2017). The rate of the profit on sales revenue was 5.87%, being 1.09 percent points higher. There were 43 losing enterprises, a drop of 14.0% from the same period of the previous year. The loss value in losing enterprises was RMB1.903 billion, an increase of 21.95%. The product inventory value was RMB28.753 billion, an increase of 8.60%.
Remarkable growth in various sectors
Tires
The present price industrial output value accomplished by 37 key enterprises of tires was RMB144.866 billion during January-October 2018, an increase of 1.83% over the same period of the previous year. The sales revenue was RMB143.656 billion, an increase of 1.83%. The comprehensive output of casings was 342.02 million pieces, an increase of 1.02%. Of the total, the output of radial tires was 320.51 million pieces, an increase of 1.14% and the output of all-steel radial tires was 81.35 million pieces, an increase of 2.20%. The percentage of radial tires was 93.71%, being 0.12 percent points higher. The export delivery value was RMB56.605 billion, an increase of 5.28% and the rate of export (value) was 39.07%, being 1.28 percent points higher. The export delivery amount was 163.17 million sets, an increase of 2.40%. Of the total, the export amount of radial tires was 156.18 million sets, an increase of 2.63%. The rate of export (amount) was 47.71%, being 0.65 percent points higher. The profit and tax in 31 enterprises was RMB5.896 billion, an increase of 20.24% and the profit was RMB3.261 billion, an increase of 41.90% because of impacts from low base period data. The rate of profit on sales revenue was 3.10%, being 0.84 percent points higher. There were 8 losing enterprises and the loss value in losing enterprises was RMB1.454 billion, an increase of 15.19%. The product inventory value was RMB17.944 billion, an increase of 6.07%
Cart tires
The present price industrial output value accomplished by 32 key enterprises of cart tires was RMB13.134 billion during January-October 2018, an increase of 8.78% over the same period of the previous year. The sales revenue was RMB12.867 billion, an increase of 9.10%. In leading products the output of bicycle casings was 137.27 million pieces, a drop of 10.56%; the output of electric bicycle casings was 118.85 million pieces, an increase of 10.73%; the output of motorcycle casings was 98.96 million pieces, an increase of 12.39%. The export delivery value was RMB3.251 billion, an increase of 12.13% and the rate of export (value) was 24.76%, being 0.74 percent points higher. The profit and tax was RMB472 million, a drop of 6.32% and the profit was RMB190 million, an increase of 14.0%. The rate of profit on sales revenue was 1.82%, being 0.21 percent points higher. There were 4 losing enterprises and the loss value in losing enterprises was RMB29.38 million. The product inventory value was RMB656 million, an increase of 24.69%.
Rubber hoses/belts
The present price industrial output value accomplished by 52 key enterprises of rubber hoses/belts was RMB20.060 billion during January-October 2018, an increase of 4.82% over the same period of the previous year. The sales revenue was RMB19.088 billion, an increase of 6.59%. The export delivery value was RMB2.158 billion, an increase of 9.04% and the rate of export (value) was 10.76%, being 0.42 percent points higher. The profit and tax was RMB2.637 billion, an increase 24.72% and the profit was RMB1.837 billion, an increase of 26.94%. The rate of profit on sales revenue was 9.62%, being 1.54 percent points higher. There were 3 losing enterprises and the loss value in losing enterprises was RMB53.56 million. The product inventory value was 2.836 billion, an increase of 14.50%.
Rubber products
The present price industrial output value accomplished by 39 key enterprises of rubber products was RMB25.650 billion during January-October 2018, an increase of 8.25% over the same period of the previous year. The sales revenue was RMB24.340 billion, an increase of 2.92%. In leading products the output of automobile damping products was 5.510 billion pieces, an increase of 16.90% and the output of “O” seal rings was 829 million pieces, an increase of 13.71%. The export delivery value was RMB10.424 billion, an increase of 7.68% and the rate of export (value) was 40.64%, being 0.21 percent points lower. The export amount of automobile components was 13.432 billion pieces, an increase of 16.94%. The profit and tax was RMB4.296 billion, an increase of 12.38% and the profit was RMB3.013 billion, an increase of 9.09%. The rate of profit on sales revenue was 12.38%, being 0.70 percent points higher. There were 6 losing enterprises and the loss value in losing enterprises was RMB14.77 million. The product inventory value was RMB2.895 billion, an increase of 24.72%
Rubber shoes
The present price industrial output value accomplished by 25 key enterprises of rubber shoes was RMB3.423 billion during January-October 2018, a drop of 4.13% from the same period of the previous year. The sales revenue was RMB4.337 billion, a drop of 7.15%. The output of rubber shoes was 209.63 million pairs, a drop of 5.84%. The export delivery value was RMB433 million, a drop of 13.47% and the rate of export (value) was 12.66%, being 1.37 percent points lower. The export amount of rubber shoes was 21.06 million pairs, a drop of 12.10% and the rate of export (amount) was 10.05%, being 0.72 percent points lower. The profit and tax was RMB266 million, an increase of 17.93% and the profit was RMB215 million, an increase of 12.23%. The rate of profit on sales revenue was 4.95%, being 0.85 percent points higher. There were 5 losing enterprises and the loss value in losing enterprises was RMB19.55 million. The product inventory value was RMB521 million, a drop of 30.22%.
Latex
The present price industrial output value accomplished by 26 key enterprises of latex was RMB2.571 billion during January-October 2018, an increase of 6.11% over the same period of the previous year. The sales revenue was RMB2.788 billion, an increase of 4.82%. In leading products the output of condoms was 2.357 billion pieces, an increase of 29.70%; the output of medical gloves was 373 million pairs, an increase of 10.14%; the output of examination gloves was 1.232 billion pieces, a drop of 5.58%. The export delivery value was RMB1.217 billion, an increase of 9.49% and the rate of export (value) was 47.35%, being 1.46 percent points higher. The profit and tax was RMB173 million, a drop of 30.83% and the profit was RMB104 million, a drop of 22.09%. The rate of profit on sales revenue was 3.73%, being 1.29 percent points lower. There were 5 losing enterprises and the loss value in losing enterprises was RMB39.83 million. The product inventory value was RMB438 million, a drop of 26.62%.
Carbon black
The present price industrial output value accomplished by 34 key enterprises of carbon black was RMB26.802 billion during January-October 2018, an increase of 25.76% over the same period of the previous year. The sales revenue was RMB27.012 billion, an increase of 21.99%. The total output of carbon black was 3.7525 million tons, an increase of 1.91%. Of the total, the output of wet-process carbon black was 3.6806 million tons, an increase of 0.98%. The export delivery value was RMB4.059 billion, an increase of 46.96% and the rate of export (value) was 15.14%, being 2.18 percent points higher. The export amount of carbon black was 0.5615 million tons, an increase of 20.24% and the rate of export (amount) was 14.96%, being 2.28 percent points higher. The profit and tax was RMB2.040 billion, an increase of 41.05% and the profit was RMB1.890 billion, an increase of 45.65%. The rate of profit on sales revenue was 7.0%, being 1.14 percent points higher. There were 4 losing enterprises and the loss value in losing enterprises was RMB55.80 million. The product inventory value was RMB1.671 billion, an increase of 7.20%.
Rubber machinery/molds
The present price industrial output value accomplished by 21 key enterprises of rubber machinery/molds was RMB4.723 billion during January-October 2018, an increase of 1.11% over the same period of the previous year. The sales revenue was RMB4.503 billion, an increase of 1.74%. The output of molds was 30 400 sets, an increase of 1.26%. The export delivery value was RMB1.949 billion, an increase of 5.62% and the rate of export (value) was 41.27%, being 1.76 percent points higher. The profit and tax was RMB1.391 billion, an increase of 0.77% and the profit was RMB726 million, an increase of 0.87%. The rate of profit on sales revenue was 16.13%, being 0.14 percent points lower. The product inventory value was RMB513 million, an increase of 8.46%.
Scrap rubber comprehensive utilization
The present price industrial output value accomplished by 30 key enterprises of scrap rubber comprehensive utilization was RMB3.250 billion during January-October 2018, an increase of 7.88% over the same period of the previous year. The sales revenue was RMB3.072 billion, an increase of 1.76%. The output of reclaimed rubber was 0.5456 million tons, an increase of 0.98% and the output of rubber powder was 0.2831 million tons, an increase of 13.07%. The export delivery value was RMB101 million, an increase of 14.91% and the rate of export (value) was 3.12%, being 0.19 percent points higher. The profit and tax was RMB312 million, an increase of 7.21% and the profit was RMB193 million, an increase of 5.65%. The rate of profit on sales revenue was 6.27%, being 0.23 percent points higher. There was 1 losing enterprise and the loss value in the losing enterprise was RMB0.68 million. The product inventory value was RMB242 million, an increase of 17.44%.
Rubber additives
The present price industrial output value accomplished by 40 key enterprises of rubber additives was RMB21.384 billion during January-October 2018, an increase of 18.90% over the same period of the previous year. The sales revenue was RMB20.390 billion, an increase of 18.29%. The total output of rubber additives was 1.0908 million tons, an increase of 5.67%. In leading products the output of accelerators was 0.3456 million tons, a drop of 0.69% and the output of antioxidants was 0.3341 million tons, a drop of 0.14%. The export delivery value was RMB7.198 billion, an increase of 24.28% and the rate of export (value) was 33.66%, being 1.46 percent points higher. The export amount of rubber additives was 0.3382 million tons, an increase of 6.97% and the rate of export (amount) was 31.01%, being 0.38 percent points higher.
Skeleton materials
The present price industrial output value accomplished by 21 enterprises of skeleton materials was RMB17.270 billion during January-October 2018, an increase of 6.79% over the same period of the previous year. The sales revenue was RMB19.566 billion, an increase of 16.52%. The export delivery value was RMB6.215 billion, an increase of 0.39% and the rate of export (value) was 35.99%, being 2.29 percent points lower. The profit and tax was RMB986 million, a drop of 11.25% and the profit was RMB701 million, a drop of 8.91%. The rate of profit on sales revenue was 3.58%, being 1.00 percent point lower. There were 6 losing enterprises and the loss value in losing enterprises was RMB227 million. The product inventory value was RMB1.037 billion, an increase of 14.71%.
The total output in 37 enterprises of skeleton materials was 3.4234 million tons during January-October 2018, an increase of 6.40% over the same period of the previous year. Of the total, the output of fiber cords was 0.4857 million tons, an increase of 4.61%; the output of wire cords was 2.0806 million tons, an increase of 5.71%; the output of bead wire was 0.7058 million tons, an increase of 7.92%; the output of hose/belt wire was 0.1514 million tons, an increase of 15.47%.
