List of high-quality authors
Reporter丨Zhang Feitao Trainee丨Li Lin
Produced by丨Aotou Finance (thesankei).
According to the data disclosed by the China National Association, in 2023, China's automobile production and sales will exceed the 30 million mark for the first time, an increase of 11 year-on-year6% and 12%, record highs.
Under the high sales volume of the automobile industry, the performance of tire companies in the upstream of the industrial chain has ushered in a substantial increase at the same time. On the evening of January 29, the listed company Triangle Tire (601163SH) announced a pre-increase in performance, and it is expected that the net profit attributable to owners of the parent company in 2023 will be 134.7 billion yuan-144.7 billion yuan, an increase of 82 percent year-on-year61%-96.17%；Non-net profit is expected to be 114.7 billion yuan-122.7 billion yuan, a year-on-year increase of more than 120%.
Triangle Tire said that the expected increase in performance is mainly due to the rapid growth of production and sales in the downstream automotive industry, strong demand in overseas markets, and significant growth in tire production and sales.
Aotou Finance noticed that with the strong production and sales of the domestic automobile industry, it is not only the triangle tires that have benefited. On the evening of January 29, Sailun Tire (601058SH) also issued a performance pre-increase announcement, and is expected to achieve a net profit of 3.1 billion yuan in 2023, a year-on-year increase of 13277% or so.
On January 16, Linglong Tire (601966SH) announced that its net profit in 2023 will increase by 105.8 billion yuan-131.8 billion yuan, reaching 135 billion yuan-161 billion yuan, an increase of 362%-451% year-on-year.
Linglong Tire said in the relevant announcement that the increase in market demand, the superposition of raw materials and sea freight fall, the company's product sales increased significantly, among them, the sales of passenger car tires with high gross profit margin increased by 28% year-on-year34%。
In recent years, with the development of new energy vehicles and the implementation of preferential policies for automobiles, the domestic demand for new passenger car tires has continued to grow, and China has gradually become a major producer and consumer of passenger car tires in Asia and even the world. Some consulting institutions predict that the scale of China's passenger car tire market will exceed 150 billion yuan in 2023. However, as China's and the world's automobile consumption has left the high-growth stage, it is worth continuing to pay attention to whether the high-growth trend of the performance of automobile industry chain enterprises such as Triangle Tire and Linglong Tire can be maintained.