China's rubber machinery industry exports still maintain strong growth

China Drying Network News China's rubber machinery industry recorded a slight decline in sales revenue in the first half of 2012, and the economic benefits have declined significantly. However, foreign exchange earnings from exports have maintained strong growth. The major economic indicators of China's rubber machinery industry declined, orders decreased, and the industry's prosperity declined significantly. After entering the second half of the year, there has been no sign of recovery in the industry. It is expected that the business situation this year will be unsatisfactory.

China National Chemical Equipment Association rubber machinery professional committee statistics on 25 major rubber machinery manufacturers economic indicators, rubber machinery sales revenue of 3.825 billion yuan, down 1.4% year-on-year, as a result of the first half of the total sales of rubber machinery in China reached 5.17 billion yuan , a year-on-year decrease of 2.9%.

With the suspension or suspension of new tyre projects, the rubber machinery industry has experienced severe impact. The cancellation, suspension of orders and non-receipt of tires by tire companies have a major impact on the production and operation of rubber machinery companies, and some rubber machinery companies have had to take longer holidays. Of the 25 companies, sales of 16 companies fell, with 8 of them falling by more than 20%. However, there are also 3 companies that have maintained sales growth of more than 30%, of which Dalian Rubber has benefited from a 47.5% surge in overseas acquisitions. The university's soft control continued to lead the rubber machinery industry in China. Dalian Rubber and Yiyang Rubber and Plastic ranked second and third respectively.

The profits of the rubber machinery industry have dropped significantly. According to the statistics on participating entities, profits fell 41.6% over the same period of last year, and 80% of corporate profits declined. The output value of new products in the industry decreased by 10.8% year-on-year, and the assets and liabilities decreased by 1% from last year. These are worth noting. The sales rate of products showed a declining trend. The suspension of orders by tire factories and the lack of delivery caused a significant increase in the inventory of rubber machinery companies. No or less orders, less prepayments for products, and insufficient liquidity for some rubber machinery companies.

The only good news is that the export volume of rubber machine exports still maintains its growth momentum. The industry’s total foreign exchange earned through exports increased by 25.6% year-on-year, with half of the companies growing and declining, of which Beijing Beidai Technology, Soft Control shares, and Double Star Machinery enjoyed a significant increase. After years of hard work, the international level of rubber machinery in China has improved. The world's tire giants have invested heavily in tires and are still carrying out plans. This gives greater hope for the export of rubber machinery in China. In particular, a large number of tire giants will invest in a considerable number of projects in China, which will not be affected by the monetary tightening in China. The project will have plans to advance and give the rubber machinery industry in China more opportunities. Most rubber machinery companies now focus on export sales, and international operations will be the direction of rubber machinery companies.

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