The profit of the most popular industry boom Fengs

2022-07-29
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Industry boom Fengshen's profit increased by 38.32% year-on-year.

industry boom Fengshen's profit increased by 38.32% year-on-year.

China Construction Machinery Information

Guide: Despite the appreciation of the RMB, the continuous rise of raw material prices and other adverse factors, the tire industry remained prosperous, thus promoting Fengshen's net profit of 83.6043 million yuan in the first half of the year, an increase of 38.32% year-on-year, reflecting a good development trend. Fengshen Co., Ltd. released its semi annual report on July 29

despite the appreciation of RMB, the continuous rise of raw material prices and other adverse factors, the tire industry remained prosperous, which promoted Fengshen to achieve a net profit of 83.6043 million yuan in the first half of the year, an increase of 38.32% year-on-year, reflecting a good development trend

Fengshen Co., Ltd. released its semi annual report on July 29. In 2008, its monthly operating income was 3.493 billion yuan, a year-on-year increase of 14.86%; The net profit was 83.6042 million yuan, a year-on-year increase of 38.32%; It is equivalent to earnings per share of 0.328 yuan, net assets per share of 3.94 yuan, and return on net assets of 8.33%

in the first half of 2008, in the face of the pressure from China's increasing macro-economic regulation, the appreciation of RMB, the continuous rise of oil prices and the continuous rise of raw and auxiliary material prices, the company's net profit still maintained a rapid growth, mainly driven by the expansion of sales scale and the continuous price increase to resist the rise of costs

according to the product sales distribution of the company, the domestic sales in the first half of 2008 was 2.427 billion yuan, an increase of 22.33% year-on-year; The export volume was 1.066 billion yuan, a year-on-year increase of only 0.83%. This is mainly due to the strong demand for the leading product radial tire in China, and the company's full capacity production is still difficult to meet the domestic market demand. Therefore, the company took active measures to moderately reduce the proportion of product export market and domestic maintenance market, so as to ensure the product supply of domestic downstream main supporting enterprises, thus promoting the substantial growth of domestic sales

from the perspective of the gross profit margin of the company's products, the average gross profit margin of the whole tire product was 11.69%, a year-on-year decrease of 1.06 percentage points; Among them, the gross profit rate of bias fetus was 5.28%, a year-on-year decrease of 3.87 percentage points; The gross profit margin of the leading product meridian fetus was 14.89%, an increase of 0.11 percentage points year-on-year. In the context of the sharp rise in the price of raw materials, the supply-demand relationship of each product determines its different ability to raise prices, which is reflected in the different increase and decrease trends of gross profit margin. Since December 17, 2007, the price of radial tires of the company has been raised substantially, and the price has been increased in batches in the export, maintenance and supporting markets, with a cumulative range of about 14%. Therefore, it can better cover the increase of raw and auxiliary materials such as rubber. But at the same time, the price rise of bias tire products lags behind. Especially with the further development of radial truck tire products, bias truck tires will be gradually replaced, and the profit space will be seriously compressed

on the whole, driven by the industry boom, Fengshen Co., Ltd. has a good development trend and has strong competitiveness in the industry. Since 2000, China's tire industry has entered a golden period of development, which is mainly reflected in the continuous expansion of the scale. The sales revenue of the tire industry increased from 26.6 billion yuan in 2006 to 100billion yuan in 2007 from 200 clear high barrier films; The product structure has been continuously adjusted. At present, the radial rate of domestic car tyres has reached 100%, and that of truck tyres is close to 60%. In contrast, the sales revenue of Fengshen Co., Ltd. increased from 700million yuan in 2000 to 6billion yuan in 2007. In addition, the company expects to achieve a sales revenue of 7.4 billion yuan in 2008. The company focuses on making truck tyres and engineering tyres. At present, the market share of engineering tyres is 28%, ranking first in China for consecutive years. The market share of truck radial tyres is 8%, ranking the top four in China

in the future, the company will continuously adjust and optimize the product structure according to the market to ensure the overall profitability. According to the company's plan, the production of radial truck tires in 2007 will be 3.21 million sets, and it is planned to expand to 3.85 million sets in 2008. In 2009, the production capacity will be increased by 1.4 million sets through technical transformation to 5.25 million sets, and the part of bias truck tires with poor profitability will be gradually reduced. In terms of bias ply tyres for engineering tyres, the planned production capacity will be 480000 sets in 2008 and 550000 sets in 2009; In terms of radial tires, 7000 sets are planned to be produced in 2008 and 65000 sets will be produced in 2009

at present, the market is generally worried that the future economic downturn in the engineering and automobile industries may drag down the sales growth of the tire industry, but Fengshen's unique market mechanism determines that other enterprises in the company's industry have stronger anti risk ability. At present, the distribution of the company's supporting, maintenance and export markets is relatively average, which are 35%, 25% and 38% respectively. Therefore, a balanced market structure will help the company smooth the impact on performance due to the fluctuation of single market demand

the first quarterly report of Fengshen shares shows that in 2008, the company achieved an operating income of 1.688 billion yuan, an increase of 18.61% year on year; The net profit was 39.1756 million yuan, a year-on-year increase of 36.46%; Earnings per share 0.15 equipment preheating due to the large number of electronic equipment in the electronic universal experimental machine 4 yuan

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