In 2013, Aeolus achieved an operating income of 8.54 billion yuan, a year-on-year decrease of 4.1%, a net profit of 310 million yuan attributable to the parent company, an increase of 13.9% year-on-year, and an earnings per share of 0.84 yuan, a dividend of 1.0 yuan per 10 shares (including tax). In the first quarter of 2014, the company achieved operating revenue of RMB 2 billion, a year-on-year decrease of 6.7%; in the first quarter of 2014, the company achieved a net profit of RMB 98.09 million, a year-on-year increase of 13.8%.
Fengshen Tire is one of the world's top 20 tires and is one of the largest key steel radial tire manufacturers in China. Aeolus is a tire resource integration platform of China National Chemical Industry Corporation. Following the gradual production of 5 million sets of semi-steel radial tires, Huanghai Rubber, Guilin Rubber, and CRRC Double Happiness assets may also be injected into listed companies. The scale of Fengshen's share revenue is expected to rise again. The global ranking is expected to rise to about 15 people.
The point of support rating
Affected by falling prices of natural rubber and other raw materials, tire prices are in the downward channel, and the decrease in tire prices has caused the company's 2013 operating income to decrease year-on-year. In 2013, natural rubber, butadiene-butadiene rubber, and styrene-butadiene rubber fell by 20.4%, 38.6%, and 31.8% year-on-year, respectively. The cost of rubber in tires accounted for approximately 50-60% of the total, due to the decrease in tire prices was less than natural rubber, synthetic rubber, etc. Raw materials, the company's comprehensive gross profit rate in 2013 increased by 1.45 percentage points year-on-year.
In the first quarter of 2014, the company achieved operating revenue of RMB 200 million, a year-on-year decrease of 6.7%; in the first quarter of 2014, the company achieved a net profit of RMB 98.09 million, a year-on-year increase of 13.8%; in the first quarter of 2014, the company's consolidated gross margin was 19.78%, an increase of 2.70 from the same period of the previous year. In the first quarter of 2014, the company's net profit rate was 4.90%, an increase of 1.56 percentage points year-on-year. In the first quarter of 2014, natural rubber, butadiene-butadiene rubber and styrene-butadiene-styrene (SBR) prices fell by 36.5%, 31.1%, and 25.6% year-on-year, respectively. The decrease in rubber prices led to a 2.7-percent increase in the company's consolidated gross profit margin in the first quarter of 2014.
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Xinxiang Zhenhua Radiator Co., Ltd. , http://www.thermictransfer.com