Type and function of tire

Create a new productivity of digital intelligence, and help the company's profitability to a higher level. In 2022, due to the impact of global demand, the company's tire production and sales declined, and the price of major raw materials such as superimposed carbon black increased, resulting in a decline in the company's operating income and net profit withheld from the mother. In the first half of 2023, due to the decline in the price of the main raw materials of tires and the growth of the company's production and sales, the company achieved operating income of 92.37 yuan, an increase of 9.92% over the same period last year, and achieved net profit of 499 million yuan. The company will accelerate the construction of digital intelligence, create a full-field intelligent, full-process automation, all-directional green tire factory, and improve productivity. In May 2023, the Serbian factory obtained a trial license for the first phase of 1.2 million truck tires, and the factory will focus on creating highly intelligent, highly automated, and highly refined intelligent manufacturing capabilities, combined with high-quality products and more efficient delivery capabilities. To be shipped, the product will become a new engine for the company's production and sales revenue growth and profit growth, and improve the company's overall market share and profitability.