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China's tire industry sales revenue increased significantly
Release time:
2018-08-12
Faced with the huge fluctuations in the world's natural rubber prices, the structural adjustment of China's tire industry in 2011 showed initial results: the tire radial ratio increased, the tire sa
Faced with the huge fluctuations in the world's natural rubber prices, the structural adjustment of China's tire industry in 2011 showed initial results: the tire radial ratio increased, the tire sales revenue and export delivery value achieved a large increase, and the proportion of medium and high-end products exports increased significantly. This is the conclusion that the reporter has drawn from the statistics of 45 major tire companies just completed by the China Rubber Industry Association Tire Branch.
Statistics show that in 2011, the sales revenue of 45 tire companies reached 207.9 billion yuan, an increase of 19.3% over the previous year. Among them, the sales revenue of radial tires was 175.5 billion yuan, and the rate of meridianization was 84.4%. According to analysis, the increase in China's tire sales revenue in 2011 was mainly due to the increase in the price of rubber and the increase in the proportion of high-end tires.
The top 10 tire sales revenues are: Hangzhou Zhongce, China Jiatong, Triangle Group, China Zhengxin, Shandong Linglong, Fengshen Tire, Shuangqian Group, Xingyuan Tire, Qingdao Double Star and Cooper Chengshan. Only 6 of the 45 tire companies saw a slight decline in sales revenue, and the rest generally increased, with a large margin. The fastest growth is: Jiangsu GM, Saiyan shares and Xinjiang Kunlun, with a growth rate of more than 50%. Among the top 10, Hangzhou Zhongce, China Zhengxin, Shuangqian Group, Xingyuan Tire and Fengshen have a good momentum of development, with a growth rate of over 20%, especially the rapid development of Hangzhou Zhongce, which broke the 20 billion mark. The gap between the company and other tire companies has widened.
From the perspective of tire exports, in 2011, 45 tire companies achieved a total export of 70.3 billion yuan, an increase of 27.4% over the previous year. In terms of export volume, the export volume was 133 million sets, an increase of only 3.9% over the previous year, indicating that China's tire export prices have increased significantly last year, while the added value of export tire technology has increased, and the proportion of medium and high-end products has increased. The export volume accounts for about 1/3 of the total sales revenue, which is higher than the average level in China in recent years. It shows that China's tire sales growth mainly depends on exports, and has basically shaken off the impact of the US “special protection case”.
Investigating the export delivery value of enterprises accounted for more than 30% of the sales revenue ratio. Hebei Xingmao, Henan friends and Beijing Shouchuang were more than 60% externally dependent. According to the export delivery value, the top 10 are: China Jiatong, Hangzhou Zhongce, Triangle Group, Shandong Linglong, Gubo Chengshan, Xingyuan Tire, Fengshen Tire, Shuangqian Group, Sailun Company and Jinyu Group. The export delivery value of enterprises generally increased by a large margin, and the export value of 10 companies accounted for 65.2% of the total export value. By region, Shandong, Jiangsu and other provinces lead the country. Among them, Shandong's export tire industry achieved extraordinary development by leaps and bounds. Shandong Inspection and Quarantine Bureau inspected the value of exported tires at US$7.834 billion, an increase of 54.06% over the previous year and accounting for nearly 50% of the value of China's export tires.
While tire sales revenue has achieved significant growth, production growth has slowed. In 2011, the production of tires for 45 major tire companies reached 314 million units, an increase of 2.5% over the previous year. Among them, 76.8 million sets of all-steel heavy-duty tires, an increase of 4.3%. The increase in tire production and all-steel tire production was the lowest in recent years. According to the tire production ranking, the top 10 are: China Jiatong, Hangzhou Zhongce, China Zhengxin, Shandong Linglong, Triangle Group, Nanjing Jinhu, Guangzhou South China, Jinyu Group, Cooper Chengshan and Sailun Company, nearly half of the enterprises Tire production declined, and most companies grew by single digits. In 2011, China's tire production capacity was not fully released. The domestic new steel tires had a new capacity of 15 million sets, the total production capacity of all steel tires was 115 million sets, and the full steel tire capacity release rate was around 80%.
The tire industry is accompanied by pain in the structural adjustment, that is, the inventory is heavier and some enterprises are declining. The total inventory of 45 enterprises was 17.15 billion yuan, an increase of 27.5% over the previous year, of which 33 domestic enterprises increased by 17%. Larger enterprises include: China Jiatong, Hangzhou Zhongce, Jiangxi Taifeng, Shuangqian Group, Fengshen Tire, Qingdao Double Star, Guizhou Tire, Triangle Group, Sailong Company and Shandong Linglong. Enterprises with a year-on-year increase of more than 50% in stock include Xinjiang Kunlun, Jinyu Group, Tianjin Zhenxin, Sichuan Haida, Shandong Huitong, Friends Tire, Guangzhou Baoli, Pirelli, Xingyuan Tire, China Jiatong and Xuzhou Xulun. At the same time, the industry's profit dropped by 16.2% compared with the previous year, and 11 loss-making enterprises with a loss of 25.6%. Some tire companies have difficulties in production and operation, and quite a few tire companies maintain an 80% production load, especially for small tire companies.
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