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2015 E-News NO.5

2015 E-News NO.5
   
【NO.05】
 
Release date 2015/12/25
RubberTech  China 2015
Contacter:  Mr. Chris Lin  TEL:+86-10-53776792 
FAX:010-53779608   E-mail: rubbertech@chrubber.com  
Reifen  China 2015
Contacter: Mr. Aron Liu   TEL:010-53779792 
FAX :010-53779608   E-mail: reifen.china@chrubber.com

News Express :
▲China’s NR and SR (including latex) import in March 2015 reached 360,000 tons, marking an import total of 980,000 tons, a decrease of 19.7%, compared with 1.19 million tons of the same period of last year. The value of import has also decreased by 38.6% on year-on-year basis. The cumulative import volume of rubber decreased sharply, while the value of import also decreased by a big margin, signifying a downward tendency on the price of international rubber market. As of April 16, 2015, aggregate stock capacity of rubber in Qingdao bonded zone has reached 219,500 tons, a slight increase less than 1% compared with the same period of the last month.
▲China Association of Automobile Manufacturers(CAAM)released the survey on the performance of automobile industry in April, 2015. Output and sales volume of April reached 2 million units, reaching the same level compared with the same period of last year. April saw an output and sales volume of 2,079,700 units and 1,994,500 units, increasing by 0.6% year-on-year and decreasing by 0.5% year-on-year respectively. Output and sales of automobiles from January to April in 2015 reached 8,280,800 units and 8,144,800 units respectively, a growth of 4.1% and 2.8% compared with the same period of last year.
▲Double Coin Holdings Ltd. released an annual report on financial data of 2014, which shows that its operating revenue of 2014 reached RMB 14.731 billion yuan and the net profit of its shareholders reached RMB 342 million yuan by earnings per share of RMB 0.39 yuan, an increase of 2.78% and an increase of 11.99% compared with the same period of last year respectively. It is reported that the main reason for increased operating revenue is that Double Coin Holdings Ltd. has acquired 51% of the shares of Xinjiang Kunlun Ltd. except for some company restructurings conducted. Under the impact of economic situations home and abroad, the price of natural rubber kept going downwards in 2014, leaving a small margin in both tire market and sales price.
▲Sailun Co. Ltd., announced that their wholly-owned subsidiary, Sailun (Vietnam) Co. Ltd., had received an official document Code 205 from the Ministry of Finance and General Tax Bureau of Vietnam, clarifying preferential tax policies for Sailun Co. Ltd. from Vietnamese side. It confirmed that if a total investment of VND 6000 billion Vietnamese dong is made by by Sailun Co. Ltd. before March 2015 and the total recruitment of it is no less than 3000 employees per year starting from 2017, the Sailun Co. Ltd. will benefit from the following preferential tax policies: a business income tax rate of 10% within 15 years, a tax exemption for 4 years from its taxable earnings as well as a tax collection of a margin relief with 50% in 9 years afterwards, namely, a tax rate of 5%. The executing business income tax policies for Sailun Co. Ltd. are as below: a business income tax rate with 20% within 10 years, a tax exemption for 2 years from its taxable earnings as well as a tax collection of a margin relief with 50% in 4 years afterwards, namely, a tax rate of 10%.

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