Gelonghui, January 29丨Sailun Tire (601058.SH) announced the 2023 annual performance advance announcement. The company's finance department initially estimates that it will achieve operating revenue of about 26 billion yuan in 2023. Compared with the same period of the previous year (statutory disclosure data), it will increase by about 4,098 billion yuan, an increase of about 18.71% over the previous year. Net profit attributable to shareholders of listed companies is expected to be around 3.1 billion yuan in 2023. Compared with the same period last year (statutory disclosure data), it will increase by about 1,768 billion yuan, or 132.77% year on year. It is estimated that in 2023, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss will be about 3.160 billion yuan. Compared with the same period last year (statutory disclosure data), it will increase by about 1,825 billion yuan, an increase of about 136.71% over the previous year.
In 2023, demand in the domestic tire market recovered significantly, and the impact of foreign distributors' inventory removal on the company's production and operation was gradually eliminated in the second half of the year. With the release of the company's production capacity and the continuous increase in production capacity utilization, the company's production and sales of all-steel tires, semi-steel tires and off-road tires all reached record highs, and the gross margin of the product also increased significantly over the same period last year. The company closely focuses on the mission of “making a good tire” and insists on R&D investment and technological innovation in the field of off-highway tires for a long time. The performance of products such as mining tires, agricultural tires, and giant tires has been recognized by more and more customers. The revenue growth rate and gross margin level in this period were higher than that of all-steel tires and semi-steel tires.