In recent years, domestic tire companies are facing various pressures for survival. Not only the uncertainty of the prices of major bulk raw materials such as petroleum and rubber, but also the downward pressure on the prices of products brought about by excess capacity in the industry, and the “double reverse†investigation conducted by foreign companies on Chinese tire companies. These factors led to the decline in revenue and net profit of major domestic tire companies, such as Aeolus shares , giant wheel shares , and Tire tires, in different degrees in the first half of this year. 黔 Tire A and S The Giti semi-annual report showed that western countries represented by the United States in the first half of the year imposed tougher trade barriers on Chinese tire exports, resulting in a sharp drop in Chinese tire exports. At the same time, the domestic market demand has shrunk, and the average operating rate of tire companies has hovered around 60%, a 10% drop from the same period of last year. In the first half of this year, Sailing shares’ operating income fell by 7.43%, and net profit declined by 46.87%. Fengshen’s operating revenue declined by 17.73% and net profit fell by 20.84%. Giant wheel shares’ operating income fell by 0.75%, and net profit declined by 14.94%. Although tire companies have adopted measures such as product upgrades, market expansion, and cost reductions, they have also actively catered to the national “Internet†and smart factory policies for layout, but the short-term effect is not obvious. Moreover, in view of the current severe overcapacity in the tire industry and the unreasonable product structure, it may not be possible to change this downward trend within a short time. This also means that tire companies need to work harder to take concrete actions to promote the overall transformation and upgrading of the industry.
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