Overseas Market Takes Off, Listed Tire Companies Have Greatly Increased Their Revenue!
On April 28th, Sailun Tire released its annual report for 2022 and its performance report for the first quarter of 2023.
Data shows that the company achieved a revenue of 21.902 billion yuan in 2022, a year-on-year increase of 21.69%; The net profit attributable to the parent company was 1.332 billion yuan, a year-on-year increase of 1.43%.
In the first quarter of this year, Sailun Tire achieved a revenue of 5.371 billion yuan, an increase of 10.44% year-on-year and 3.6% month on month; The net profit attributable to the parent company was 355 million yuan, an increase of 10.32% year-on-year and 32.96% month on month.
It is reported that the performance growth of Sailun is attributed to the continuous deepening of its high-end strategy and global layout.
In 2022, the company's export revenue was 17.049 billion yuan, accounting for 77.84% of the total revenue, with a gross profit margin of 20.18%.
At present, Sailun is steadily advancing the third phase project in Vietnam and the construction of the semi steel project in Cambodia.
At the same time, there is also a project in Cambodia that produces 1.65 million all steel radial tires annually.
While expanding production capacity, Sailun also focuses on product research and development.
In 2022, the company continued to increase the promotion of "liquid gold" tires and increase brand awareness.
