A series of reports from China picked up on the 2015 online tire sales analysis carried out by Chinese Tire Business Network (www.tirechina.net). All the main tire manufacturers have set up an online presence in China, many through the Lynx (T-Mall) platform. Online sales of tires doubled in 2015 compared to 2014. Total sales were
A report in the Changjiang daily says that online tire sales in China are limited compared with other regions of the world. Even in the world’s biggest internet shopping day – 11/11, only around 180,000 tires, worth RMB65m were sold on the Tuhu platform in China, said Chen Min (陈敏 ) founder of Tuhu.cn In
Tireworld.com visited the operations centre of China’s largest online autospares retailer, Tuhu.cn. The company is a vertical platform, focused around the car aftermarket, with a specialism in tires. The company follows the model common in Europe of consumers visiting the site, selecting their tires and paying for them and reserving a slot at a local
An analysis of share prices and shares in issue has given an estimate of the top tire makers by market capitalization. Company Billion RMB Million USD Double Coin 37.571 5710.7 Sailun / Jinyu 9.384 1426.3 Qingdao Double Star 6.719 1021.3 Aeolus 6.445 979.6 Guizhou Tires 5.614 853.3 Source: CPCIA
A simple competition analysis features six top tire makers listed on the Shenzen (SZ) and Shanghai (SH) stock exchanges. The companies selected (with stock codes) are as follows: Guizhou Tire (SZ000589) Qingdao Doublestar (SZ000599) Aeolus (SH600469) Double Coin (SH600623) Sailun/Jinyu (SH601058) GiTi (SH600182) Company Share price* (RMB) earnings/share† sales growth (%) § Net profit
Around 6% of the 8200 complaints made by Chinese motorists in 2015 concerned tires. This amounted to 508 complaints about tires – up from 499 in 2014. Within these 508 cases, 279 concerned abnormal, or accelerated tire wear. 145 concerned a catastrophic bursting 124 concerned blisters or swelling on the sidewalls 45 involved a combination
A report in the Dongying Daily said that rubber tire production has become an important pillar of economic activity. It said the total capacity for TBR tires is 7.6m units/year and the total capacity for car tires is 88m units/year.
Further to last week’s report of the private share placement by Sailun, some more information has come to light. Sailun’s net profit is expected to grow, according to an un-named stock analyst: Year profit (RMB) earnings/share 2015 206m 0.2 2016 304m 0.29 2017 441 0.42 In the first nine months of 2015 Sailun’s Vietnam operation
Researchers at Sci99 have carried out a survey asking tire makers and exporters about their expectations for the future. First, the tire manufacturers responded thus: In car tires, how has the devaluation of the Chinese currency affected exports? This is not the most important factor: 60% Quite a lot: 30% Not much at all: 10%
One of the most popular sites in China for tires has published its top-10 list of web searches. They give a clue as to the thought patterns of China’s tire community. Search term Chinese No of searches Channel innovation 渠道变革 186100 Online tire supplier 轮胎电商 185670 Green Tires 绿色轮胎 176960 Overseas expansion 逆势扩张 165786 Dealer
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