On April 25th, Yanchang Rubber Company held a quarterly business analysis meeting, with Zhang Hangwei, General Manager of Yanchang Rubber, and several company managers and department heads attending the meeting.
According to the first quarter business data released by Yanchang Rubber recently, this Northwest Rubber Territory King located in Shaanxi has achieved a good start in the first quarter of 2023. Since this year, Shaanxi Yanchang Petroleum Group Rubber Co., Ltd. has seized the opportunity of economic recovery, adhered to both structural adjustment and sales promotion, actively integrated into the "the Belt and Road" pattern, participated in international and domestic exhibitions such as Singapore and Canton Fair, and took multiple measures to improve foreign trade sales.
In the past quarter, the sales of Yanchang rubber tires increased by 49% year-on-year, and the operating revenue increased by 45.67% year-on-year. Especially in the foreign trade market, Yanchang Rubber has seen frequent positive reports. In the first quarter, Yanchang Rubber's foreign trade sales accounted for 45.69%, achieving an export delivery value of 200 million yuan, a year-on-year increase of 55.49%.
Specifically, in the field of semi steel tires, in the first quarter, the extended rubber achieved 35% of the annual sales target, a year-on-year increase of 75%, and a year-on-year revenue increase of 82.3%. Especially in the replacement market, since the beginning of the new year, Yanchang Rubber has taken frequent actions. In the first quarter, Yanchang Rubber has signed more than 10 new distributors and developed more than 300 terminal retail stores. More than 10 new regional agents have been added in provinces such as Heilongjiang, Gansu, and Ningxia, successfully driving the growth of semi steel tire sales while improving the domestic sales network.
At the same time, through the continuous improvement of the brand influence of Yanchang Rubber, especially DeAnTong, and the transformation of marketing policies, Yanchang Rubber fully explores market potential and increases the sales proportion of large-sized tires. In the first quarter, the sales proportion of large-sized products of Yanchang Rubber increased to 33%, an increase of 8% compared to the previous year.
At this business analysis meeting, we fully affirmed the various achievements of extending rubber in the first quarter. But the meeting also judged that the current international and domestic situation is still severe, with many unstable and uncertain factors, slow global economic recovery, and an increase in international trade sanctions. And it is necessary to fully estimate the situation, take measures, and take the recent extension of the group's research guidance as an opportunity to accelerate the promotion of the company's production and increase production, strengthen internal market development, strictly grasp safety and environmental protection, and deeply implement cost reduction and efficiency increase.
Overall, in the first quarter, Yanchang Rubber has delivered a satisfactory response. Now that April is coming to an end, let's wait and see for the next answer sheet for Yanchang Rubber.
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