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2020-E-NEWS NO.4

News Express :
▲The Chunqiu factory of Zhongce Rubber (Jiande) Co., Ltd. is under construction with an annual output of 6,700,000 units of tires. The project has a total land area of 820 mu and a construction area of 660,000 square meters. The total investment of the project is 3,560,000,000 RMB, and the construction period is from 2020 to 2022. At that time, it will form a production capacity of 6,700,000 sets of high-performance all-steel radial tires and tubeless radial tires.
▲On April 10, Longxing Chemical Co., Ltd. released its 2019 annual report. The announcement shows that in 2019, Longxing Chemical achieved operating income of 2,806,000,000 RMB, decreased by 9.07% compared with last year; and reached a net profit of 19,221,200 RMB, decreased by 85.52% compared with last year. The report pointed out that the overall development of China's carbon black industry will be sluggish in 2019 due to the Sino-US trade friction and serious overcapacity.
▲Innovate during epidemic period, Mesnac realizes "equipment remote acceptance" for the first time! The Mesnac engineers use the MR technology platform with independent intellectual property rights to actively implement the MR mixed reality technology to help customers with “air” equipment acceptance. The customer's technical personnel can achieve remote inspection through the computer without being at the scene. It is the first time in the history of Mesnac and the novel equipment acceptance method is the best choice in extraordinary times.
▲On April 10, Tianjin Saixiang Technology Co., Ltd. released its 2019 annual report. The announcement shows that last year, Saixiang Technology's operating income was 527,000,000 RMB, increased by 17.19% compared with last year; the net profit attributable to shareholders of listed companies was 10,892,400 RMB, increased by 47.01% compared with last year; basic earnings per share was 0.02 RMB, compared with the same period last year of 0.01 RMB. It is understood that in 2019, Saixiang Technology has signed large orders with many tire companies including Guizhou Tire and India BKT Tire Company and etc.
▲According to the General Administration of Customs of China on April 14, NR (including latex) imports for March 2020 reached 602,000 tons, increasing by 3.6% compared with last year. NR (including latex) imports from January to March reached 1,659,000 tons, increasing by 5.6% compared with last year of 1,571,000 tons.
▲Shandong Provincial Development and Reform Commission issued an energy-saving review announcement, and Shandong Haohua Tire Co., Ltd.'s annual output of 3,000,000 units of all-steel radial tires was approved. It is understood that the project has a new construction area of 184,700 square meters. The main buildings include a mixing workshop with a construction area of 39,500 square meters; 3,000,000 units of all-steel tire workshop with a construction area of 78,500 square meters. It is ranked 23rd in the global tire 75 in 2019, a big step forward from the 38th in the previous year.
▲Recently, Shandong Province has announced the second batch of companies that intend to close and withdraw from chemical production companies. According to incomplete statistics, there were more than 190 enterprises that closed down and withdrew this time. Among them, there are 9 companies involved in rubber tires and related Industries, including Forte Tires that has closed down. Shandong, as the largest chemical province in China, has continuously promoted the conversion of old and new kinetic energy and the transformation and upgrading of the chemical industry in recent years.
▲Jiangxi Black Cat Carbon Black Inc., Ltd. had a deficit of 276,000,000 RMB in 2019. The company released its 2019 performance report. At the same time, they also announced the performance forecast for the first quarter of 2020. The announcement shows that last year, Black Cat's shares lost 276,000,000 RMB, decreased by 168.89% compared with last year; in the first quarter of 2020, the loss is expected to be within 8,000,000 RMB. The main reasons for this are the excessive domestic carbon black production capacity, the superimposed decline in international crude oil prices, and the slowdown in domestic economic growth. In each quarter of 2019, it suffered losses of approximately 74,250,000 RMB, 41,750,000 RMB, 10,510,000 RMB, and 149,000,000 RMB, respectively.
▲On April 21, Shandong Linglong Tire Co., Ltd. announced the first quarterly report data for 2020. In the first quarter, it achieved a net income of 372000000 RMB, increased by 30.59% compared with last year. On the basis of the net profit growth of 41.2% in 2020, the high growth rate will resume in 2020.