Pulin Chengshan announces its 2023 performance, with a net profit attributable to shareholders of 1.033 billion yuan, a year-on-year increase of 1.62 times
Pulin Chengshan announced its performance for 2023, with revenue of approximately 9.949 billion yuan, a year-on-year increase of 22%. Shareholders' net profit was 1.033 billion yuan, a year-on-year increase of 162%. Approximately 25 million tires were sold, a year-on-year increase of 35.1%. Sales of all-steel radial tires increased by about 20.5%, sales of semi-steel radial tires increased by about 42.7%, and sales of bias tires increased by about 76.4%. Pulin Chengshan continues to enhance its core competitive advantage through globalization strategy and technological innovation, achieving double-digit growth in international and domestic marketing channels
According to the news from Zhitong Finance APP, Pulin Chengshan (01809) announced its performance for 2023. The revenue was approximately 9.949 billion yuan, a year-on-year increase of 22%. The company's attributable net profit to shareholders was 1.033 billion yuan, a year-on-year increase of 1.62 times, with earnings per share of 1.62 yuan.
During the reporting period, the group sold approximately 25 million tires, a year-on-year increase of 35.1%. Among them, sales of all-steel radial tires were approximately 8.1 million, a year-on-year increase of about 20.5%; sales of semi-steel radial tires were approximately 16.4 million, a year-on-year increase of 42.7%; and bias tires sales were approximately 480,000, a year-on-year increase of about 76.4%.
Looking back at 2023, Pulin Chengshan steadfastly implemented its globalization strategy, continuously enhancing its core competitive advantage through intelligent manufacturing, technological innovation, and lean management. Thanks to its early layout in the passenger car tire sector, sales of semi-steel radial tires achieved a year-on-year growth of 42.7%, while sales of all-steel radial tires increased by 20.5% in the face of intense market competition, further improving its market share. With high-performance products, a differentiated brand strategy, and the development of marketing channels in both depth and breadth, the company achieved double-digit growth in all international and domestic marketing channels
