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Recently, Hainan Natural Rubber Industry Group Co., Ltd. (hereinafter referred to as “Hainan Rubberâ€) announced that its operating revenue in the first three quarters of the year was 7.361 billion yuan, an increase of 79.49% year-on-year, and operating profit was 694 million yuan, an increase of 82.36% year-on-year. The net profit attributable to the parent company was RMB 710 million, a year-on-year increase of 82.97%, and a per-share return of RMB 0.18.
The report pointed out that Hainan Rubber will adopt the development direction of “connotative development†and “extensive expansionâ€. With connotative development, the company’s sales of rubber products are expected to continue to expand. It is expected that sales volume in 2011 and 2012 is expected to reach 350,000 tons and 500,000 tons. Extensive expansion, the company acquired a large number of local private rubber business, it is expected in 2012 its rubber processing capacity of 450,000 tons / year.
Extensive reading:
Established in March 2005, Hainan Natural Rubber Industry Group Co., Ltd. is a key leading enterprise in the industrialization of agriculture. There are about 3.53 million mu of rubber garden covering 17 cities and counties in Hainan Province. The annual production capacity of dry glue is 210,000 tons. The area of ​​rubber gardens and dry glue production respectively account for about 30% of the country. The annual processing capacity reaches 320,000 tons. The main supplier of raw materials for the tire industry.