Overall Operation Conditions

In the first half year, the realized gross industrial output value at current price of the whole industry had a year-on-year (the same below) decrease of 11.86%; the realized sales revenue decreased by 12.86%; the realized export delivery value decreased by 17.62%; and the export rate (value) was 30.24%, which decreased by 1.75 percentage points; the realized profit and tax decreased by 13.40%; the realized profit decreased by 19.21%; and the profit rate of sales revenue was 5.55%, which decreased by 0.52 percentage points. The scale of loss-making enterprises increased by 53.66% and the amount of losses increased by 99.81%. The manufactured inventory amount decreased by 7.52%.

Fig. 1: Comparison of main indicators in the rubber industry

Fig. 2: Growth trend of output value, export delivery value and sales revenue

Fig. 3: Sales revenue and profit growth trends

See Fig. 1 for comparison conditions of growth of main indicators of rubber industry in the first half year, Fig. 2 for growth trend of the output value, export delivery value and sales revenue, and Fig. 3 for growth trend of the sales revenue and profit.

Comment on Key Points

The gross industrial output value decreased sharply

In the first half year, the gross industrial output value at current price decreased by 11.86%, the decreasing amplitude expanded by 10.98 percentage points compared with that in the same period of last year, which narrowed by 8.54 percentage points compared with that in the first quarter. See Fig. 4 for comparison of growth of gross industrial output value of each specific industry in the first half year. 

Fig. 4: Industrial output value growth rate comparison of various professional in the first half of 2020

The sales revenue declined sharply

In the first half year, the sales revenue of the industry declined by 12.86%, with the decreasing amplitude expanded by 12.40 percentage points compared with that in the same period of last year and narrowed by 8.48 percentage points compared with that in the first quarter. See Fig. 5 for comparison of growth of sales revenue of each specific industry in the first half year.

Fig. 5: Comparison of sales revenue growth of various majors in the first half of 2020

Decreasing amplitude of export delivery value continued to expand

In the first half year, the export delivery value of the industry declined by 17.62%, with the decreasing amplitude expanded by 18.02 percentage points compared with that in the same period of last year and expanded by 7.95 percentage points compared with that in the first quarter. The export rate (value) of the industry was 30.24%, which decreased by 1.75 percentage points. See Fig. 6 for comparison of growth of export delivery value of each specific industry in the first half year and Fig. 7 for export rate (value) of each specific industry.

Fig. 6: Comparison of the growth rate of export delivery value of various specialties in the first half of 2020

Fig. 7: The export rate of each specialty in the first half of 2020

Conditions of Specific Industries

Tires

For 38 key member enterprises, in the first half year, the gross industrial output value at current price decreased by 11.80% and the realized sales revenue decreased by 11.81%. The output of integrative casing decreased by 9.47%, in which the output of radial tires decreased by 9.90% and the output of all-steel radial tires decreased by 8.0%. The radial rate was 94.33% with a decrease of 0.44 percent points. The export delivery value decreased by 16.25%, the export rate (value) was 38.07%, with a decrease of 2.02 percent points. The quantity of the exported tires decreased by 17.05%, in which the quantity of the exported radial tires decreased by 17.15%; the export rate (volume) was 46.21%, with a decrease of 4.22 percent points. The profit and tax of 34 enterprises increased by 1.01%, the profit decreased by 3.34% and the profit rate of the sales revenue was 5.08%, which increased by 0.36 percent points. There were 10 enterprises with deficits. And the finished product inventory amount decreased by 5.98%. 

Fig. 8: Comparison of growth of main indicators of tires specific industry in the first half of 2020

See Fig. 8 for comparison of growth of main indicators of tires specific industry in the first half year.

Cycle Tires

For 24 key enterprises, in the first half year, the gross industrial output value at current price decreased by 2.15% and the sales revenue decreased by 3.74%. Among the leading products: the output of bicycle casing decreased by 0.49%, the output of electric bicycle casing increased by 4.13% and the output of motorcycle casing decreased by 9.59%. The export delivery value was 1.535 Billion Yuan, which decreased by 11.61%, and the export rate (value) reached 23.46% with a decrease of 2.09 percentage points. The profit and tax increased by 16.11%, the profit increased by 1.57% and the profit rate of the sales revenue was 1.87%, which increased by 0.10 percentage points. There was 1 enterprise with deficits. And the finished product inventory amount declined by 16.33%. 

Fig. 9: Comparison of Growth of Main Indicators of Tires Specific Industry in the first half of 2020

See Fig. 9 for comparison of growth of main indicators of cycle tires specific industry in the first half year.

Rubber Hoses & Belts

For 50 key enterprises, in the first half year, the gross industrial output value at current price decreased by 10.85%, and the sales revenue decreased by 9.62%. Among the leading products: the output of conveyor belt decreased by 16.40%, the output of V-belt decreased by 18.0%, and the output of rubber hose increased by 7.38%. The export delivery value decreased by 0.31%, and the export rate (value) reached 13.65% with an increase of 1.27 percent points. The profit and tax decreased by 20.30%, the profit decreased by 15.33% and the profit rate of the sales revenue was 8.87%, with a decrease of 0.60 percent points. There were 5 enterprises with deficits. And the finished product inventory amount decreased by 4.45%. 

Fig. 10: Comparison of Growth of Main Indicators of rubber hoses & rubber belts Specific Industry in the first half of 2020

See Fig. 10 for comparison of growth of main indicators of rubber hoses & belts specific industry in the first half year.

Rubber Products

For 49 key enterprises, in the first half year, the gross industrial output value at current price decreased by 1.19%, and the sales revenue increased by 0.14%. Among the leading products: the output of automobile anti-vibration articles decreased by 5.0% and the output of framework oil seals decreased by 1.83%. The export delivery value decreased by 6.06%; the export rate (value) was 24.50%, which decreased by 1.62 percent points; the export volume of auto spare parts decreased by 0.06%. The profit and tax decreased by 11.31%, the profit decreased by 14.16% and the profit rate of the sales revenue was 7.09%, with a decrease of 1.18 percent points. There were 9 enterprises with deficits. And the finished product inventory amount increased by 5.48%. 

Fig. 11: Comparison of Growth of Main Indicators of rubber products Specific Industry in the first half of 2020

See Fig. 11 for comparison of growth of main indicators of rubber products specific industry in the first half year.

Rubber Shoes

For 22 key enterprises, in the first half year, the gross industrial output value at current price decreased by 15.32%, and the sales revenue decreased by 20.89%. The rubber shoes output decreased by 21.51%. The export delivery value decreased by 33.24%; the export rate (value) was 11.43% with a decrease of 2.11 percent points. The export volume decreased by 37.25%; the export rate (volume) reached 9.16% with a decrease of 2.30 percent points. The profit and tax decreased by 38.23%, the profit decreased by 55.65% and the profit rate of the sales revenue was 3.74%, with a decrease of 2.93 percent points. There were 7 enterprises with deficits. And the finished product inventory amount increased by 11.60%. 

Fig. 12: Comparison of Growth of Main Indicators of rubber shoes Specific Industry in the first half of 2020

See Fig. 12 for comparison of growth of main indicators of rubber shoes specific industry in the first half year.

Latexes

For 24 key enterprises, in the first half year, the gross industrial output value at current price increased by 21.62%, and the sales revenue increased by 11.86%. Among the leading products: the condom output decreased by 16.14%, and the examination gloves output increased by 21.72%. The export delivery value increased by 6.58%, the export rate (value) reached 38.67% with a decrease of 1.92 percent points. The profit and tax increased by 100.76%, the profit increased by 150.80% and the profit rate of the sales revenue was 9.54%, with an increase of 5.29 percent points. There were 3 enterprises with deficits. And the finished product inventory amount decreased by 0.82%. 

Fig. 13: Comparison of growth of main indicators of latexes specific industry in the first half of 2020

See Fig. 13 for comparison of growth of main indicators of latexes specific industry in the first half year.

Carbon Black

For 34 key enterprises, in the first half year, the gross industrial output value at current price decreased by 14.33%, and the sales revenue decreased by 28.62%. The total output of carbon black decreased by 6.40%, in which the output of wet process carbon black decreased by 6.35%. The export delivery value decreased by 40.09%, the export rate (value) was 11.24% with a decrease of 2.15 percent points. The export volume decreased by 25.20%, the export rate (volume) reached 10.55% with a decrease of 2.65 percent points. The realized profit and tax decreased by 54.49%. The profit rate of the sales revenue was -1.11%, with a decrease of 1.08 percent points. There were 16 enterprises with deficits. And the finished product inventory amount decreased by 37.61%. 

Fig. 14: Comparison of growth of main indicators of carbon black specific industry in the first half of 2020

See Fig. 14 for comparison of growth of main indicators of carbon black specific industry in the first half year.

Rubber Machinery Moulds

For 19 key enterprises, in the first half year, the gross industrial output value at current price decreased by 0.78%, and the sales revenue decreased by 0.70%. The output of moulds decreased by 3.82%. The export delivery value in-creased by 5.22%; the export rate (value) reached 48.17% with an increase of 2.71 percent points. The profit and tax decreased by 0.13%, the profit decreased by 0.74%, and the profit rate of the sales revenue was 18.96%, which decreased by 0.01 percent points. And the finished product inventory amount decreased by 7.01%. 

Fig. 15: Comparison of growth of main indicators of rubber machinery moulds specific industry in the first half of 2020

See Fig. 15 for comparison of growth of main indicators of rubber machinery moulds specific industry in the first half year.

Comprehensive Utilization of Waste Rubber

For 30 key enterprises, in the first half year, the gross industrial output value at current price decreased by 17.21%, and the sales revenue decreased by 16.04%. The reclaimed rubber output decreased by 13.77% and the rubber powder output decreased by 1.45%. The export delivery value decreased by 23.46%; and the export rate (value) reached 3.96% with a decrease of 0.38 percent points. The profit and tax decreased by 15.79%, the profit decreased by 16.37%, and the profit rate of the sales revenue was 7.16%, with a decrease of 0.03 percent points. There were 3 enterprises with deficits. And the finished product inventory amount decreased by 25.44%. 

Fig. 16: Comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first half of 2020

See Fig. 16 for comparison of growth of main indicators of comprehensive utilization of waste rubber specific industry in the first half year.

Rubber Chemicals

For 42 key enterprises, in the first half year, the gross industrial output value at current price decreased by 27.60% and the sales revenue decreased by 20.53%. The gross output of rubber chemicals decreased by 13.80%, among which, the accelerating agent output decreased by 25.41%, and the antioxidant output decreased by 18.25%. The export delivery value decreased by 46.55%, and the export rate (value) reached 21.47%, which decreased by 10.45 percentage points. The export volume decreased by 34.44%, the export rate (volume) reached 21.14%, which decreased by 6.65 percent points. The profit and tax decreased by 63.28%, the profit decreased by 50.32%, and the profit rate of the sales revenue was 7.25%, with a decrease of 4.34 percent points.

Fig. 17: Comparison of growth of main indicators of rubber chemicals specific industry in the first half of 2020

See Fig. 17 for comparison of growth of main indicators of rubber chemicals specific industry in the first half year.

Framework Materials

For 23 enterprises, in the first half year, the gross industrial output value at current price decreased by 24.72% and the sales revenue decreased by 25.30%. The export delivery value decreased by 27.32%, and the export rate (value) reached 27.46%, with a decrease of 0.77 percent points. The profit and tax decreased by 53.24%, the profit decreased by 74.99%, and the profit rate of the sales revenue was 1.50%, which decreased by 2.98 percent points. There were 9 enterprises with deficits. And the finished product inventory amount increased by 25.58%.

For 38 enterprises, the gross output of framework materials decreased by 11.41%; in which the output of steel cord decreased by 11.45%, the output of bead wire decreased by 11.64%, the output of pipe wire decreased by 1.19%, the output of polyester tire cord decreased by 14.98%, the output of cchinlon cord fabric decreased by 17.01% and the output of canvas decreased by 1.45%.

Fig. 18: Comparison of growth of main indicators of framework materials specific industry in the first half of 2020

See Fig. 18 for comparison of growth of main indicators of framework materials specific industry in the first half year.

Analysis of Operation Trend in the Second Half Year

In the first half year, shocked by the epidemic, the economic operation indexes of rubber industry declined sharply, however, since April, the decreasing amplitude of economic indexes of the whole industry gradually narrowed, and the economic operation became better  gradually.

Comprehensively considering the domestic and overseas economic development situation, it is predicted that in this year, the decreasing amplitude of gross industrial output value at current price and main business operating revenue of rubber industry will narrow constantly, with the annual decreasing amplitude as about 6% and 9% respectively; the decreasing speed of the export delivery value becomes slowly, it is predicted that the annual decreasing amplitude will be about 20%.