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
On 14 January, Sumitomo Rubber Industries held a new tire technologies conference in the Shanghai Marriott hotel. Local journalists were told about the different brands offered by the company: Dunlop, Falken are both available in China, but the Sumitomo is not currently. Chairman and managing director of Sumitomo Rubber (China), Naoko Yamada (山田直树) discussed four
Wanli (South China Tire) exhibited at the Tokyo Motor Show for the first time in 2016. The company simultaneously updated its familiar W logo to be more metallic and with sharper edges. The company also signaled a significant move likely to be announced after Chinese New year. This represents a change in its international strategy.
Sun Hongqi (孙红旗 ), group vice-president of Shengtai group said the era of high profits in the tire business has passed. Over the last 30 years, a series of entrepreneurs have set up tire factories in Guangrao and the region has become known as China’s first tire village. Since 2015, the period of Winter has
Linglong has announced a strategic cooperation with China Hewlett Packard in the field of information technology. Linglong aims to develop an international IT system capable of managing the information flow in many countries. The data will concern R&D, procurement, sales, and management data. Linglong says the development will allow it to gain closer contact with
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