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China''s Rubber Machinery Export Earnings Increase Greatly with Markedly Enhanced Profitability
Source: China National Chemical Equipment Co., Ltd. Date: 2018-03-23

After the bottoming out in 2016, China's rubber machinery industry continued to improve in 2017 with double-digit growth in sales revenue, significant rise in foreign exchange earnings through exports and noticeably enhanced enterprise profitability.

Insiders say that, currently, domestic and foreign tire enterprises are active in investment, and the demand for rubber machinery, especially high-precision intelligent rubber machinery turns to a good prospect. China's rubber machinery industry is expected to enter the upward channel this year.

Significant increase in sales revenue

According to statistics of Rubber Machinery Committee of China Chemical Industrial Equipment Association, the sales revenue of 24 rubber machinery enterprises in China reached RMB7.735 billion in 2017, a year-on-year increase of 11.3%. By analogy, the total sales revenue of China's rubber machinery industry in 2017 was expected to reach RMB10.65 billion, a year-on-year increase of 10.9%. This was the first year-on-year growth in industry sales revenue from 2015.

In 2017, the overall operating rate of China's rubber machinery companies was high and the sales revenue of most enterprises increased. Of the 24 companies in statistics, 15 companies saw a growth in sales revenue, 8 companies had decreased sales revenue and 1 company maintained a flat revenue. Ranked by the sales revenue, the top ten were MESNAC, Safe-Run, Dalian Rubber & Plastics Machinery Co., Ltd., DoubleStar, Fujian Sanming Double-Wheel Chemical Machinery Co., Ltd., Tianjin Saixiang Technology Co., Ltd., Yiyang Rubber & Plastics Machinery Group, Guilin Rubber Machinery, Guilin Rubber Industry R&D Institute Co., Ltd., and NEWU. The sales revenue of the top ten stood at RMB6.54 billion, accounting for 61.4% of the total sales revenue, with the industry concentration ratio increasing by 0.7%, showing that the strong gets stronger. The enterprises of which the sales revenue increased by more than one time were Guilin Zhonghao Lichuang Mechanical & Electrical Equipment Co., Ltd., Inner Mongolia Fute Rubber & Plastics Machinery Co., Ltd., and SINOARP.

Great increase in export earnings

According to statistics, the export delivery value of 24 rubber machinery enterprises in China in 2017 registered RMB1.836 billion, a year-on-year increase of 32.3%. By analogy, it is estimated that the total export earnings of China's rubber machinery industry in 2017 would reach USD360 million, a year-on-year increase of 20%.

Based on the export delivery value, the top ten enterprises were MESNAC, Tianjin Saixiang Technology CO. Ltd., Guilin Rubber Machinery, SINOARP, Yiyang Rubber & Plastics Machinery Group, Beijing Jingye Mechanical Equipment Co., Ltd., Dalian Rubber & Plastics Machinery Co., Ltd., Guilin Rubber Industry R&D Institute Co., Ltd., Fujian Sanming Double-Wheel Chemical Machinery Co., Ltd. and Wuxi Double Elephant Rubber & Plastics Machinery Co., Ltd. Among them, companies with large growth rate in foreign exchange earned through exports included Fujian Sanming Double-Wheel Chemical Machinery Co., Ltd., SINOARP and Tianjin Saixiang Technology Co., Ltd. Especially for SINOARP, its export delivery value accounted for 77% of the total sales, becoming an export-oriented international enterprise.

Significantly enhanced profitability

In 2017, not only did the sales revenue achieve substantial growth, but also China's rubber machinery industry saw significantly increased profit compared with the previous year, with markedly enhanced industry profitability.

It is learned that 24 rubber machinery companies all achieved positive profit, the majority of which saw a growth in profit. In particular, the profitability of listed rubber machinery enterprises has been greatly improved. For example, MESNAC's profit in 2017 was nearly RMB93 million, while the loss in 2016 was RMB770 million.

According to the industry analysts, the impetus for profit growth is mainly the increase of orders and the improvement in product gross margins. However, it is noteworthy that the sharp price rise of raw materials has squeezed the profit margin. (China Chemical Industry News)

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