2023-E-NEWS NO.04
▲On July 5, France's University of Lorraine hosted a ceremony for Academician Zhang Liqun, President of South China University of Technology and Academic Leader of Advanced Elastomer Materials Research Center of Beijing University of Chemical Technology. Academician Zhang Liqun was awarded an honorary doctorate from the University of Lorraine. This honor is based on the outstanding contributions of academician Zhang Liqun in the field of rubber materials science and engineering, as well as his efforts and achievements in promoting cooperation between Chinese universities and the University of Lorraine.
▲Qingdao Double Star Tire has begun construction of a brand new tire factory in Snool District, Cambodia, which will mainly target the US market and have an annual capacity of 7 million passenger tires and 1.5 million truck radial tires. Production of passenger tires is expected to begin in the first quarter of 2024, while production of truck radial tires is planned before the end of the year. The plant is expected to cost $210 million and covers 4.3 million square feet.
▲On July 18, Prinx Chengshan released the first-half results announcement of 2023, and it is estimated that the profit attributable to the company's owners is about 285 million to 333 million yuan, an increase of about 80% to 110% over the same period in 2022. The announcement said that benefiting from the recovery of the domestic economy and the improvement of overseas market demand, the demand recovery of the tire industry is obvious, constantly adjust the product structure and business structure, product sales achieved substantial growth. In the first half of the year, the company sold 11.5 million tires (9.4 million in the same period in 2022), an increase of 22.8%. At the same time, benefiting from the decline in raw material prices, the company's gross margin improved significantly.
▲On July 12th, Tianjin Saixiang Technology Co., Ltd. disclosed its semi annual performance forecast. According to preliminary calculations, from January to June this year, Saixiang Technology achieved a net profit attributable to shareholders of the listed company of 42092500 to 54.5836 million yuan, an increase of 125.55% to 192.49% year-on-year (the same below). The net profit after deducting non recurring gains and losses was 38.6169 million to 51.108 million yuan, an increase of 238.01% to 347.34%.
▲Zhejiang Double Arrow Rubber Co., Ltd has released a semi annual performance forecast for 2023. According to preliminary calculations, the profit situation of Double Arrow Shares in the first half of the year has significantly improved compared to the same period last year. The net profit attributable to shareholders of the listed company is 92.5973 million yuan to 104 million yuan, an increase of 60% to 80% year-on-year (the same below); The net profit after deducting non recurring gains and losses was 89.9828 million to 102 million yuan, an increase of 63.01% to 83.98%.
▲Hainan Natural Rubber Group issued a forecast loss announcement for the first half of 2023. According to preliminary estimates, the company expects a loss in net profit attributable to shareholders of the parent company, which is expected to range from 230 million yuan to 340 million yuan. Compared with the same period last year, the level of losses further increased. Net profit after deducting non-recurring profit and loss is expected to be between 329 million yuan and 493 million yuan.
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