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In the next six to eight years, a tire production facility with advanced facilities and green environment will be built in Xiuwen County, 40 kilometers away from Guiyang City.
If the production base of Yubi Tire with a total investment of 7 billion yuan will be put into production, it will enable the company to add 12.20 million radial tires of various types each year, which is almost twice the company’s existing production capacity, and realizes a new round of leapfrogging for Tire tires. Growth lays the foundation.
Since its listing in 1996, Handan Tire A (000589) has continuously promoted production capacity through technological transformation and has become one of the country's 520 key enterprises and one of the top ten tire companies in China.
However, in the face of the current complex macroeconomic situation, as the "old company" listed on the 17th, whether the tire can continue to grow well? What is the driving force of the company? Recently, the Shenzhen Stock Exchange jointly organized by the Shenzhen Securities Regulatory Bureau. In the “Entering a Listed Company†activity, dozens of investors came to Yunnan with various kinds of problems and conducted field research on the company.
The growth momentum is stable in the second half of the year
For listed companies, performance has always been the focus of investors. In the first half of 2013, Bengbu Tire delivered a bright semi-annual report, benefiting from the sharp decline in rubber and other raw material prices in the fourth quarter of 2012, as well as the substantial increase in government subsidies and investment income received from the same period of last year.
Data show that from January to June 2013, the company completed 2,901,900 tires, an increase of 4.76%; completed 2,708,900 tire sales, an increase of 6.51%; realized total operating income of 3.268 billion yuan, a year-on-year decrease of 5.9%; The net profit was 95,022,200 yuan, an increase of 108.13% over the same period of last year.
It is understood that due to the slowdown in domestic economic growth, the demand for the tire market in the first half of 2013 is still not strong enough, but the potential of Tire Tire to target the tire replacement market is that 80% of the products are sold to the replacement market, thus ensuring stable production and sales volume. increase.
Looking ahead to the second half of the year, the company’s chairman, Ma Shichun, told investors that despite the large fluctuations in raw materials and changes in the sales market in recent years, the operating performance of Yu Tire has been ups and downs, but from the current market sales and changes in the raw material market Look, in the second half of 2013 is expected to continue a good growth trend.
At the same time, he also stated that the company has fully deployed its business objectives for 2013. The implementation progress of each project in the first half of the year is relatively satisfactory. In the second half of the year, the company will accelerate the progress of the project through lightweight design and improvement of labor productivity. "The business objectives for 2013 should be basically completed," said Ma Shichun.
In accordance with the previously disclosed announcement, Nguyen Tire plans to complete 6.657 million tires in 2013; completed 6.657 million tire sales; and realized sales revenue of 8.138 billion yuan.
Although the current price of tires continues to fall or will affect the company's sales revenue target for the full year, it is almost a foregone conclusion that Yong Tire's impressive performance in 2013 is coming. The company expects that the net profit for the first three quarters of 2013 is expected to reach RMB 107 million to RMB 126 million, an increase of 70%-100% over the same period of last year.
Authentic military concept
In the domestic tire industry, Handan tires have always occupied an important position: The company is one of the country's 520 key enterprises and one of China's top ten tire companies, and one of the largest domestic production and export bases for construction machinery tires. In the world's top 75 tires in 2012, Handan Tire ranked 28th.
"To sum up, the company currently has four major competitive advantages, one of which is the product advantage. There are more than 2,000 specification varieties. It is one of the tires companies with the most complete domestic specifications." Ma Shichun said.
It is understood that the existing annual production capacity of Nti tires is nearly 7 million pieces, and the products include high-performance all-steel radial truck tires, construction machinery tires, engineering special tires, light truck tires, agricultural tires, forestry tires, industrial tires, special military tires, etc. In many aspects, the positioning of products is now shifting from mid-market to mid-to-high-end markets.
It is worth mentioning that, as the military tire R&D base designated by the General Armament Department, Bengbu Tire is a leader in the field of special military tires, and it is the largest domestic manufacturer of military tires. It is reported that at present, the company's annual output of military tires is as high as 50,000, and its annual sales revenue is approximately 100 million yuan. There are 42 specifications, including safety bulletproof tires, rocket missile launcher tires, and armored personnel carrier tires.
“In the 60th National Day military parade, there were nine types of vehicles. Seven of them used our company's tires.†With regard to this, Ma Shichun made no secret of his pride.
He further explained that in addition to complete specifications, the company also has the advantages of brand, technology and sales channels. “The current leading brand of Yan Tire is the advance card. At the same time, we also have subsidiary brands such as Hercules and Duotongtong. In terms of technology, there are national-level technical centers and national-level post-doctoral research stations. It is a CAD project of the Ministry of Science and Technology. Model enterprises." Ma Shichun told the participants.
In addition, Yantai Tire has established a sales network covering the whole country in the southwest, southern China, and central South China; overseas markets are concentrated in North America, Europe, South Africa, and other countries and regions, and the export volume accounts for more than 30% of the company's total output.
7 billion to build the future
In the next stage of development strategy, Yu Tire put forward the "green development" plan. That is, by adjusting the product structure, achieving product upgrading, using low-toxicity, high-efficiency, non-toxic raw materials, implementing energy-saving emission reduction and cleaner production during the manufacturing process, and ultimately producing green tires with low rolling resistance, low noise, and anti-petrochemical properties.
In order to complete the above-mentioned development strategy, Yu Tire will build a new production base in Xiuwen County, which is 40 kilometers away from Guiyang City. It is reported that the project covers an area of ​​2,300 mu, with a total investment of up to 7 billion yuan. The construction period is about six to eight years. It mainly develops all-steel engineering radial tires, all-steel radial truck tires, agricultural radial tires and passenger car radial tires.
Li Shangwu, director of the company’s general manager, told investors that after many years of construction, the old factory area where the “entering the listed company†activity was located, the building coefficient had reached 65%, the volume ratio reached 0.8, and the land resources were basically used up, which seriously restricted the company’s further development. . “And here is the junction of Guiyang's old urban area and the new urban area. The integration has developed rapidly. It is surrounded by commercial real estate and housing. Environmental capacity and land resources have been unable to support the company's development.â€
It is with this background that it is imminent to build a new production base. According to the plan, after the construction of the new base, Bengbu Tire will complete the relocation of the old factory. At present, the first phase of the new production base in Xiuwen County has basically completed the civil works, and some of the sections have entered the equipment installation phase.
"The focus of this issue is on an annual output of 260,000 engineering radial tires and an investment of 1.8 billion yuan, including three series of products: one is construction machinery tires such as loaders, excavators, bulldozers, ports, and construction machinery; The second is the heavy-duty truck radial tires; the third is the wide-body tires, which are mainly used in long-distance transportation vehicles. Nowadays, the long-distance transportation vehicles have two tires on each side. Now we have developed a tire that replaces two tires to reduce the overall size. Car weight and energy saving. These three series of products will help the company develop a competitive advantage in the market segment." Ma Shichun said.
It is reported that in order to complete the construction of the above-mentioned project as soon as possible, Handan Tire plans to increase the issuance and issuance of 1.6 billion yuan, of which the controlling shareholder Guiyang Industry and Investment Group will subscribe for at least 10%. At present, the fixed plan has been approved by the China Securities Regulatory Commission and is about to enter the issuance stage.