Over 2/3 Sales Decline in China's Tire Firms Entering the Difficult Period

In 2015, China's tire industry was in its most difficult period since the new century.

From the statistics of 44 main tire companies in the Tire Branch of the China Rubber Industry Association, it can be seen that the main indicators of the tire industry have become “green” across the board, and the output, sales revenue, export volume (value), and profit realized have dropped significantly year-on-year. Increased, tire investment fell to the lowest level in history. In the second half of the year, with the implementation of China's new standard for compound rubber and the US's "double reverse" on semi-steel tires, the tire industry situation will become more severe.

According to the statistics of the China Rubber Association Tire Branch, in the first half of the year, the sales revenue of 44 tire companies was 79.12 billion yuan, a decrease of 13.61% (year-on-year), and the total tire production was 177.3 million, a decrease of 6.17%, of which 159.8 million were radial tires; The rate was 90.13%, an increase of 0.33 percentage points.

Tire production and sales revenue of domestic and foreign-funded enterprises have both declined, and domestic companies have seen a larger decline. From the tire production point of view, domestic-funded enterprises fell 7.7%, foreign-funded enterprises fell 3.4%; from the sales revenue, domestic-funded enterprises fell 15.6%, foreign-funded enterprises fell 8.4%. A total of 25 companies had a decline in tire production, with the remaining 19 growing; sales of 30 companies fell, while the remaining 14 grew.

In terms of tire sales revenue, the top 10 companies were: Chinagce Rubber Group, Delta Group, Giti (China), Xiamen Zhengxin, Shandong Linglong, Xingyuan Tire, Fengshen Tire, Shuangqin Group, Michelin (China) and Shengtai, Shandong. Among them, sales revenue of Michelin (China) and Shengtai Tire increased.

Ranked by tire production, the top 10 companies are: Giticom (China), China Strategic Rubber Group, Shandong Linglong, Xiamen Zhengxin, Triangle Group, Sai Jinyu, Qingdao Sen Unicorn, Michelin (China), Guangzhou South China and Puzhou. Lin Chengshan.

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