Chinese
Recently, due to the influence of raw material price factors, tire enterprises have raised the product price, which has attracted market attention.
In addition, the domestic tire market has gradually improved due to the recovery of downstream industries and the continuous spread of overseas epidemic, and the profitability of major tire enterprises has been further improved.
Industry insiders say that the tire industry import substitution is not an independent event under this year's epidemic, but has continued over the past two or three years and will accelerate in the future.
At present, the head tire enterprises are benefited by the resonance of many dimensions, and the domestic tire industry is ushering in a golden time point of development.
Continuous improvement in performance
Since this year, driven by the increase of market demand and domestic substitution, the tire industry has been in a prosperous market, leading tire enterprises have achieved good results.
The three quarterly reports disclosed before showed that the operating income of triangle tire reached 6.211 billion yuan in the first three quarters, an increase of 5.22% year-on-year; The net profit attributable to the shareholders of the listed company was 817 million yuan, an increase of 32.27% year-on-year.
Among them, the company realized 2.35billion yuan of operating revenue in the third quarter, an increase of 16.4% year-on-year; The net profit attributable to the shareholders of the listed company was 361million yuan, up 49.60% year on year.
Triangle tire said that this year, with the rapid recovery of domestic economy and the stabilization of international trade, various tire products are producing and selling vigorously.
From January to September, they produced more than 16.5 million tires, with sales of 17.72 million, an increase of more than 15% year on year; The operating income and profit have been increasing continuously since the second quarter, and the growth rate in the third quarter is obvious.
Linglong tire achieved 13.247 billion yuan of operating revenue in the first three quarters, an increase of 5.9% year-on-year; The net profit attributable to the shareholders of the listed company was 1.599 billion yuan, an increase of 31.64% year-on-year.
Among them, the company achieved revenue of RMB 503million in the third quarter, an increase of 19.15% year-on-year; The net profit attributable to the shareholders of the listed company was RMB 720million, an increase of 43.56% year-on-year, with a significant increase in performance compared with the first half of the year.
In addition, the net profit attributable to shareholders of listed companies reached 1.173 billion yuan in the first three quarters of the round of the round, an increase of 23.4% year on year; Guizhou tire realized net profit attributable to shareholders of Listed Companies in the first three quarters of 2006 million yuan, an increase of 214.53% year-on-year.
Intensive increase in product prices
It is worth noting that, in recent years, under the comprehensive effect of the rising price of raw materials such as upstream rubber and the continuous improvement of downstream market demand, tire enterprises have increased the product price, which has set off a wave of price rise tide.
Jiatong tire issued a notice recently that, on the basis of the price increase of 2% to 3% in October, all brand products (including commercial tyres and passenger tyres) in the Chinese market will be replaced. Since November 26, the billing price will be increased by 2% - 3%.
For the reasons for the price increase, Jiatong tire said that in the near future, the price of raw materials such as natural rubber, synthetic rubber and carbon black has increased significantly, and the tire manufacturing cost has been increasing continuously, making this decision to ensure healthy operation.
In addition, enterprises such as Zhongce Rubber, Zhongchuang tire, Fangxing rubber, Guizhou tire, Chaoyang tire, triangle tire, and OLE tire also have made different increase in product price to cope with the impact of rising raw materials.
Analysts in the industry said that the rise in raw materials prices such as rubber has become one of the main reasons for the price rise of tire companies in the period.
The important purpose of increasing product price is to transfer the cost to the downstream. In the long run, the price increase is more conducive to improve the profitability of tire enterprises.
In addition, the domestic epidemic situation has been effectively controlled, but the foreign epidemic is still spreading. This also led to a large increase in the export share of domestic tire enterprises, more overseas orders, further improvement of global market share, and the performance of head tire enterprises is expected to continue to grow.
