Aeolus overseas revenue is expected to exceed domestic asset reorganization or speed

Aeolus (600,469, stock it) (600469, SH) three quarterly show, the first three quarters of the company's operating income was 6.019 billion yuan, up 7.7 percent decrease compared to last year; net profit of 306 million yuan, representing an increase of 16.91%.

 

Aeolus Deputy General Manager told the "Daily Economic News" reporter, said that this year the tyre industry is very low, mainly due to the decline in operating income of rubber raw material prices fell badly, by contrast, overseas revenue continues to record high it expects overseas revenue will grow again, the future does not rule out foreign expansion and a series of listed companies in favor of the development of strategic initiatives.

 

Overseas revenue accounted for 44.3%

 

Semi-annual report, Aeolus operating income was 3.973 billion yuan, up 6.49 percent decrease last year. Among them, the domestic income of 2.213 billion yuan, up 18.79 percent decrease last year; foreign revenue reached 1.76 billion yuan, an increase of 15.5 percent last year, accounting for revenues of 44.3%, exports Aeolus, the overseas markets are the main product sales a new record high.

 

Champoux consulting analyst Zhou Yufang said that affected the domestic tyre industry downturn, Aeolus year, domestic revenue is likely to grow slowly even continue to decline, while demand in the international market growth, future foreign revenue is expected to "counter-attack" over the country.

 

Aeolus secretaries do, at present the company's overseas sales distribution in 140 countries and regions, including the largest market concentration in the EU, "the product is particularly popular in the EU, which is the highest price of domestic exports of tyre brands, that we export the tyre also accounted for 7% market share in Germany, in the entyre European continent, Aeolus Tyre occupy 3% of the market share. "

 

Zhou Yufang said that this is mainly due to large number of inputs and Aeolus new demand on the international market the brand.

 

Aeolus secretaries strong Korean law, said the company exports go mainly to foreign sales, "the sales and other not the same, we are out of their own brands."

 

Early last year, Aeolus has announced to be in Europe, the United States set up sales companies.

 

It is worth noting that Europe is the world's second largest tyre market, but also the world's most technologically advanced market, tyre subject to various "restrictions" such as REACH ("Chemicals Registration, Evaluation, Authorisation and Restrictions"), tyre labeling France and many other technical barriers to the selection of new materials require tyre also quite unique and strict.

 

In this regard, Aeolus Deputy General Manager, said the company is not worried now Aeolus has occupied a certain market share in Europe, and then a big limitation but is good for the company. "Other domestic enterprises want to enter the European market, the difficulty will only increase, because the EU is the world's highest environmental and technical standards of," the source explained.

 

Industry reshuffle or accelerated asset restructuring

 

June 21 this year, Aeolus released announcement that the company received a major shareholder in the rubber "About to avoid competition with the commitment letter," clearly will Aeolus as China National Chemical Corporation (the parent company of the rubber, the following referred to as China Chemical) 's tyre asset integration platform, that in China's chemical industry with tyre companies or assets into the listed company when the conditions, in accordance with the legal procedure to select the private placement, merger, effective way to inject cash to buy Aeolus tyres and other assets.

 

It is reported that the rubber will be submitted to the "China Chemical's assets into the Aeolus tyres," the specific program to Aeolus before December 31, 2017.

 

For the above-mentioned asset restructuring, Korean law strongly emphasized in an interview with reporters, but at present, the initial intention of the company's actual control of people, not yet conclusive, "specifically when it can not be determined, it is certain that the acquisition of the company's overall performance is able to enhance" .

 

Yu-Chi Industry Market Research Center Senior Fellow Yuan Wei Juan pointed out, China Chemical owns four tyre companies, many of them engineering giant tyres, aircraft tyres and other quality products, and Aeolus tyres and steel works as a leading tyre brands and technologies and other obvious advantages, the next group of companies with matters tyre positioning integration platform, capital operation and reform of state-owned enterprises is expected to be a gradual manner.

 

In Zhou Yufang and other industry view, the current downturn in the industry as a whole as well as the general direction of the industry reshuffle or Aeolus assets will accelerate the restructuring process.

       Tyreworld think too much Fengshen Group restructuring is a positive development of the industry. Now a lot of tyre companies are exporting OEM processing. Almost without their own brands. tyre in international competition, even if there is a good quality, but the lack of a brand, profits are not huge.

       A no profit sector is not run for a long time.

      Large companies seek a way out, a small company is busy developing. Like tyres, as even the indomitable will wear forever turning down.