China's tire "going to sea" : stable growth and risk prevention are not wrong

"In the first quarter of this year, we achieved sales of 567,989 items, hitting a new high in the first quarter of the past five years, and earned foreign exchange of 71.962 million US dollars. The company's main export markets include Pakistan, Canada, Egypt, the United Arab Emirates, Chile, Cameroon, etc., and the market share in Pakistan, Cameroon, Egypt, and the United Arab Emirates is the first." The relevant person in charge of Chaoyang Langma Tire Co., Ltd. told reporters that due to the implementation of technological innovation, the gap between the manufacturing and equipment capacity of the domestic tire industry and the world's advanced level has been narrowing; Intelligent manufacturing promotes continuous improvement of production efficiency; The wide application of new technologies and new materials has promoted the expansion of product cost-effective advantages, especially some enterprises with strength and foresight actively promote the expansion of domestic advantageous production capacity to overseas, making the international competitiveness of China's tire industry continue to increase.

According to the financial report of Pulin Chengshan 2022, the operating income of its domestic and international dealer channels last year was 1.88 billion yuan and 5.653 billion yuan, respectively, accounting for 23.1% and 69.3% of the total revenue respectively. Che Hongzhi, chairman of Pulin Chengshan, said that since its listing in 2018, the company has firmly practiced its international development strategy, among which the construction of smart factories and overseas production capacity layout have laid a solid foundation for the future development of the company.

According to the financial report of SenQilin (29.350, 0.09, 0.31%) in 2022, the company achieved operating income of 6.292 billion yuan, an increase of 21.53%, and the net profit of 801 million yuan to the mother, an increase of 6.30%; From 2020 to 2022, the proportion of products exported is more than 86%, North America is the main target market for the company's tire export, in addition to North America, the company also has a sales layout in Europe, Asia Pacific, South America, Africa and other places.