(Eng) Car Tire ,Taiwan Best Product, BENZ USE

STB-Finance理財大富翁

The latest ranking of the world's top ten tire factories in 2021 is released! Due to the epidemic, the global top 75 tire factories have total tire revenue of US$145.95 billion in 2020, a year-on-year decrease of 7.92%. If other small factories are included, it is estimated that the global tire factory's combined revenue in 2020 is US$152.95 billion, the lowest since 2016. Among them, the world's top three are Michelin of France, Bridgestone of Japan and Goodyear of the United States; Zhengxin Rubber's combined revenue in 2020 will exceed 3.788 billion U.S. dollars, which is slightly inferior to the mainland China Strategy of 3.896 billion U.S. dollars. The ninth place retreated to the tenth place.
As for Jianda Industrial’s combined revenue of US$1.081 billion in 2020, an annual decrease of 4.13%. However, due to the decline in revenue of some tire factories of the same level, Jianda’s global ranking in 2021 will rise from 26th in 2020 to No. 24 people.
Michelin Tire’s 2020 consolidated revenue of US$22.935 billion is higher than Japan’s Bridgestone of US$20.75 billion. It has squeezed out Bridgestone for two consecutive years and became the leader in the tire industry. The third to fifth place remains unchanged, and it is Goodyear of the United States. , German Continental (Continental) and Japan's Sumitomo Rubber.
As for South Korea’s Hankook Tire (Hankook) for US$5.305 billion, it squeezed Italy’s Pirelli (Pirelli) from seventh to sixth.
Zhengxin said that due to the impact of the epidemic, the overall revenue performance last year was not as expected, which was the main reason for the decline in the ranking in 2021; in particular, the lack of chips in the mainland group car factory, coupled with the sea port congestion, caused the ship schedule to be out of time and prevented the company from leaving in time. Goods, once the port congestion problem is not resolved, it may affect the company’s and Asian peers’ operating performance this year.
However, Zhengxin two-wheeled tires (including bicycle tires and motorcycle tires) continued to grow in revenue in the first half of this year, and orders have been seen until 2022. It is expected that the two-wheeled tires will be able to operate this year. In particular, Zhengxin’s Zhangzhou two-wheeled tire plant in mainland China has planned a total of 280,000 bicycle and motorcycle tires per day. The current second-phase production capacity can expand the supply.
Zhengxin's Indonesian plant has a daily production capacity of 20,000 locomotive tires and is currently fully loaded. The equipment will be added in the third quarter and is expected to be completed by the end of the year. By then, the Indonesian plant's daily production capacity of locomotive tires can be increased to 30,000.
The daily production capacity of Zhengxin India's locomotive tires is between 10,000 and 12,000. Local customers include Nissho Honda, Yamaha, Suzuki, and Hero. It is expected that the daily production capacity will increase to 20,000 by the end of this year.
As for the price increase, Zhengxin’s first wave of tire price increases in the third quarter of last year and the second wave of price increases in the first quarter of this year. Because the average price of raw materials in the third quarter increased by about 3%, some tires will continue to increase in price.
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台橡(2103)第2季繳出獲利季增、年增的成績，符合公司先前預期，下半年有東南亞及大陸疫情影響，影響上半年營運有利因素，但台橡對下半年營運仍保持審慎樂觀態度。而原訂第2季將認列的仁武廠處分利益貢獻EPS約0.85元，業外一次性收入，增添獲利動能，法人估計今年有機會創下2012年以來獲利最佳成績。
台橡第2季營收85.2億元，稅後淨利10.02億元，每股盈餘1.21元，較去年同期轉虧為盈，連續兩季獲利超過1元；上半年大陸合成橡膠大廠停產，車市需求復甦，合成橡膠供需偏緊，提振報價及利差，累計上半年營收167.38億元，稅後淨利18.99億元，每股盈餘2.29元，較去年同期每股虧損0.07元大幅成長。
短期疫情復燃，尤其越南疫情大爆發，一季就有35萬人確診。台橡2018年在越南設廠，今年起高級鞋材生產線正式投產，但製鞋廠停工，使得產能未達滿載，影響營收貢獻，影響程度還要觀察。
生產SBR的印度合資廠今年第1季就貢獻1.86億元獲利，雖然未受印度疫情嚴峻影響，但客戶端調整生產步調，使印度廠生產有些調降，產量減少10～15％。但今年以來其餘月份保持全產全銷，在疫情逐步趨緩，將恢復正常
TSRC (2103) achieved quarterly and annual profit growth in the second quarter, which was in line with the company's previous expectations. In the second half of the year, the epidemic in Southeast Asia and the mainland affected the favorable factors in the first half of the year. However, TSRC continued to maintain its operations in the second half of the year. Cautiously optimistic. In the second quarter of the original plan, the Renwu Plant’s disposal benefits contributed about 0.85 yuan to EPS, a one-off income from non-industry, and increased profitability. The legal person estimates that this year has the opportunity to set the best profit since 2012.
TSRC’s revenue in the second quarter was 8.52 billion yuan, after-tax net profit was 1.02 billion yuan, and earnings per share were 1.21 yuan, which turned into a profit from the same period last year, and made two consecutive quarters of profit exceeding 1 yuan; major synthetic rubber factories in mainland China stopped production in the first half of the year. The recovery of auto market demand and the tight supply and demand of synthetic rubber have boosted quotations and spreads. In the first half of the year, the accumulated revenue was 16.738 billion yuan, after-tax net profit was 1.899 billion yuan, and earnings per share were 2.29 yuan, a significant increase from the loss per share of 0.07 yuan in the same period last year.
The short-term epidemic recurred, especially in Vietnam, where 350,000 people were diagnosed in one season. TSRC set up a factory in Vietnam in 2018. The high-end shoe material production line has been officially put into operation this year, but the shoe factory has been shut down, making the production capacity less than full, affecting the revenue contribution, and the extent of the impact has to be observed.
The Indian joint venture plant that produces SBR contributed 186 million yuan in profit in the first quarter of this year. Although it was not severely affected by the Indian epidemic, the client adjusted its production pace, which caused the Indian plant to reduce its production and output by 10-15%. However, the remaining months of this year will maintain full production and full sales. As the epidemic gradually slows down, it will return to normal.

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