API Coupling
As we know steel pipe coupling is a short pipe or tube that with threads on both ends, used to connect pipelines. So It is a kind of pipe fittings that with threaded connection, the advantage is easy for pipeline maintenance or to replace the broken pipe.
API Coupling refers to the steel couplings that used in connecting casing pipe and tubing. Also known by OCTG coupling, it is usually manufactured in seamless type, material grade same with the pipe body (API 5CT K55/J55, N80, L80, P110 etc), same PSL or providing higher grades than requested. Same heat treatment also applicable, except there is an special requirements.
Casing,Api 5Ct Pup Joint Henan Dongfanglong Machine Manufacture Co., Ltd , https://www.eastlongmachine.com
According to the key economic indicators released by key enterprises (groups) of the automobile industry from January to August in 2012, major economic indicators of key enterprises (groups) have increased at different levels. Compared with January to July, both output indicators and profit indicators have increased. There was a decline and the growth rate slowed slightly.
Growth in output indicators all fell
From January to August, the key industrial enterprises (groups) of the automobile industry had accumulatively completed industrial added value of 334.816 billion yuan, a year-on-year increase of 11.70%, which was higher than the growth rate of industrial added value of industrial enterprises above designated size (10.10%) by 1.60 percentage points, an increase of 1 Compared with July, it was 2.84 percentage points lower, with an increase of 35.083 billion yuan; the cumulative total industrial output value was 1,387.567 billion yuan, an increase of 7.18% from the same period of last year, and the increase rate was 0.86 percentage point lower than that in the period from January to July, with an increase of 929.66 points. Billion yuan; Accumulated industrial output value of 1.818898 trillion yuan, an increase of 6.71%, an increase from January to July compared with a fall of 0.12 percentage points, an increase of 86.925 billion yuan.
From January to August, the accumulative sales-to-sales rate of key enterprises (groups) of the automobile industry was 99.59%, which was a year-on-year decrease of 0.44 percentage points, which was higher than the 0.10 percentage points from January to July.
Steady revenue and slightly increased growth
From January to August, the key enterprises (groups) of the automotive industry realized an operating income of 1,509.975 billion yuan, a year-on-year increase of 6.52%, an increase of 0.64 percentage points from January to July, and an increase of 97.329 billion yuan.
From the specifics of realizing the operating income of key enterprises (groups) in the automobile industry, among the 17 key enterprises (groups), the operating income of 11 companies is higher than that of the same period of the previous year (of which: there is 1 enterprise from January to July negative growth. As a positive growth), the operating income of the six companies was lower than the same period of last year, but the decrease rate compared with January to July, most companies continued to narrow.
From January to August, the top five companies in terms of operating income were: SAIC, FAW, Dongfeng, BAIC, and GAC. From the perspective of the growth rate of the top five companies' operating revenues, they all showed different degrees of growth. Among them, FAW Group's growth rate was the highest, exceeding 10%; SAIC, Dongfeng, Beijing Automotive and Guangzhou Automobile Group grew at a rate of 5% to 10%.
From the perspective of the operating revenues of the other 12 companies, China Changan, Huachen Group, Geely Group, Yutong Group, Jinlong Group and BYD Company showed different degrees of growth. Among them, the revenue of Huachen Group and Yutong Group grew rapidly, with a growth rate of 30. About %; Geely Group, Jinlong Group and BYD Company's operating income growth rate of 2% to 9%; China Changan from January to July's negative growth to positive growth. Revenues of Chery, Jianghuai, Southeast, China National Heavy Duty Truck Group, Shaanxi Automobile Group and Qingling Company all decreased year-on-year, among which, Southeast Company changed from positive growth from January to July to negative growth; Jianghuai Group, CNHTC Group, Shaanxi Automobile Group and Qingling Company's operating income decreased by 12% to 22% year-on-year; Chery’s sales revenue remained relatively large, exceeding 30% year-on-year; the decline was compared with January to July, JAC Group, Shaanxi Automobile Group and CNHTC Group. The decline has continued to narrow in different degrees, with Qingling and Chery’s decline slightly expanding.
The growth of profits and profits and tax revenues slowed down
From January to August, the key enterprises (groups) of the automobile industry realized a total profit of 163.263 billion yuan, an increase of 8.30% over the same period of last year. The increase rate was 1.88 percentage points lower than that of the period from January to July, with an increase of 12.518 billion yuan. From January to August, the total amount of profits and taxes realized by key enterprises (groups) of the automotive industry totaled 268.607 billion yuan, a year-on-year increase of 10.26%, a decrease of 1.67 percentage points from January to July, and an increase of 25.003 billion yuan. Including: Business tax and surcharges amounted to RMB 57.138 billion, an increase of 14.40% year-on-year, an increase of 0.67 percentage points from January to July, and an increase of 7.191 billion yuan; VAT payable was 48.206 billion yuan, a year-on-year increase of 12.34%. From January to July, it fell 2.24 percentage points, with an increase of 5.294 billion yuan.
From the specific situation of the total profit realized by key enterprises (groups) of the automobile industry, from January to August, of the 17 key enterprises, the total profit of 7 enterprises was higher than the same period of last year, and the total profit was 119.784 billion yuan; the profits of 8 companies The total amount is negative growth, and the total profit is 44.379 billion yuan; two companies have suffered losses and the loss amounted to 900 million yuan.
Increase in account receivables increased year-on-year inventory of finished products
At the end of August, the accounts receivable of key enterprises (groups) of the automobile industry were 145.252 billion yuan, a year-on-year increase of 18.64%, and an increase of capital occupation of 22.817 billion yuan, an increase of 8.49 percentage points from the end of July. At the end of August, the inventory of funds for finished goods of key enterprises (groups) of the automobile industry was 66.689 billion yuan, a year-on-year decrease of 11.70%, and the reduction of funds was 8.832 billion yuan.
At the end of August, the accounts receivable of major auto industry (group) accounted for 19.82% of total current assets, which was a decrease of 0.68 percentage points from the end of July and a decrease of 0.05 percentage point from the same period of last year.