601058 Sailun Group
- 16.60
- +0.79+5.00%
Sailun Group News
Sailun Jinyu Group's 2023 Profit Surges 132%; Shares Fall 4%
Sailun Jinyu Group's (SHA:601058) attributable profit surged 132% to 3.09 billion yuan in 2023 from 1.33 billion yuan in 2022, according to the company's annual report filed Monday with the Shanghai S
Sailun Group Co., Ltd.'s (SHSE:601058) Largest Shareholders Are Retail Investors With 37% Ownership, Institutions Own 28%
Key Insights Significant control over Sailun Group by retail investors implies that the general public has more power to influence management and governance-related decisions 51% of the business is
Shenwan Hongyuan: Strong export demand combined with downstream policies increasing tire valuations are expected to continue to recover
The Zhitong Finance App learned that Shen Wan Hongyuan released a research report saying that equipment renewal and consumer goods trade-in policies have been strengthened, and construction machinery and automobiles have once again emphasized renewal, elimination and subsidy policies, which is expected to drive demand for original related parts. Combined with continued strong domestic and foreign demand, orders remain in short supply, and the long-term logic of increasing the fundamental share of tires remains unchanged. The overall tire sector valuation is expected to continue to recover. Furthermore, the long-term share increase logic remains unchanged, and companies are expected to maintain high performance growth in 2024. In recent years, the consumption structure of overseas products has changed, and demand in the US market is gradually moving closer to cost-effective products. Chinese tire companies are
Cinda Securities: Demand is steady, domestic tire operating rate remains high in March
Raw material prices fell in late March
Sailun Tire (601058.SH): Xinhualian Holdings plans to reduce its holdings by no more than 1%
Gelonghui, April 10 | Sailun Tire (601058.SH) announced that the restructuring plan of Xinhualian Holdings has been decided and approved by the Beijing No. 1 Intermediate People's Court. The company's shares held by it are debt repayment resources for this restructuring, and it is proposed to dispose of some of the company's shares through centralized bidding according to the restructuring plan. According to the restructuring plan, within 3 months after 15 trading days from the disclosure of this announcement, Xinhualian Holdings plans to use centralized bidding to reduce its holdings of no more than 3288.1 million shares of the company, no more than 1% of the company's total share capital, and no more than 12.41% of the company's shares. The reduction price is
Returns On Capital At Sailun Group (SHSE:601058) Have Stalled
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increa
We Think Sailun Group (SHSE:601058) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it might be obvious that you need to consider debt, whe
Sailun Tire (601058.SH): Combines various factors such as market demand and production costs to adjust prices for some products
Gelonghui, March 19 | Sailun Tire (601058.SH) said on the investor interactive platform that the company has established long-term strategic partnerships with core suppliers of major raw materials, and the company will also use more price-advantageous raw materials on the premise that they meet product performance requirements according to product planning and market needs. Short-term fluctuations in raw material prices have little impact on the company. For example, the price of raw materials continues to rise, and the company adjusts prices for some products by combining various factors such as market demand and production costs.
Sailun Jinyu to Build Indonesian Plant for Over $251 Million
Sailun Jinyu Group (SHA:601058) plans to invest $251.4 million to construct a tire production line in Indonesia, according to a Tuesday disclosure published on the Shanghai Stock Exchange. The plant w
Here's Why Sailun Group (SHSE:601058) Has Caught The Eye Of Investors
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. Unfortunately, these high risk investments
Sailun Tire (601058.SH): No merger or share exchange with other tire companies is being considered
Gelonghui, March 5 | Sailun Tire (601058.SH) said on the investor interactive platform that the company is mainly engaged in R&D, production and sales of tire products. The company has built modern tire production bases in Qingdao, Dongying, Shenyang, Weifang, Vietnam, Cambodia, etc., and will invest in new production bases in Mexico and other places. Currently, mergers and exchanges with other tire companies are not being considered.
Cinda Securities: Strong tire production and sales in China in 2023, it is recommended to focus on tire companies that actively go overseas to build factories
The bank advises investors to pay attention to tire companies that actively set up factories overseas. At the same time, considering the current state of domestic production capacity, investors are advised to pay attention to companies that actively enhance their brand value and actively expand the local tire export market.
Sailun Tire (601058.SH): Cooperation with Chongqing Cyrus on liquid gold tires
Gelonghui, Feb. 29 | Sailun Tire (601058.SH) said on the investor interactive platform that we are currently cooperating with Chongqing Cyrus on liquid gold tires. The company has now entered the tire supplier lists of many domestic and foreign automobile companies such as BYD, Geely, NIO, Chery, Changan, Hezhong New Energy, Cyrus, Zero Sport, Vietnam VinFast, Sinotruk, Iveco, Caterpillar, John Deere, Case New Holland, and Weichai Lowell Heavy Industries. In the future, as the production volume of supporting models continues to increase, the number of tires supplied by the company will further increase. The company's vision is to achieve technology by 2025
Sailun Group Co., Ltd. (SHSE:601058) Soars 27% But It's A Story Of Risk Vs Reward
Sailun Group Co., Ltd. (SHSE:601058) shareholders have had their patience rewarded with a 27% share price jump in the last month. Looking back a bit further, it's encouraging to see the stock is up
Is Sailun Group Co., Ltd. (SHSE:601058) Trading At A 28% Discount?
Key Insights The projected fair value for Sailun Group is CN¥18.28 based on 2 Stage Free Cash Flow to Equity Sailun Group is estimated to be 28% undervalued based on current share price of CN¥13.19
Is Sailun Group Co., Ltd.'s (SHSE:601058) Recent Stock Performance Tethered To Its Strong Fundamentals?
Sailun Group (SHSE:601058) has had a great run on the share market with its stock up by a significant 24% over the last three months. Given the company's impressive performance, we decided to study
Race Wheel Tire (601058.SH): Regional blockchain-related technology is being studied
Gelonghui, February 1 | Sailun Tire (601058.SH) said on the investor interactive platform that the company's rubber chain cloud platform has achieved comprehensive interconnection of “people, machines, materials, methods, rings, and testing” of all processes, and has built the most complete and rich library of mechanism models in the industry. Currently, it has achieved the interconnection of more than 99% of devices in mass interconnection, up to one million levels of collection, and annual data collection growth of more than 4.5 billion pieces. There are also many successful practical examples of comprehensive quality control, automatic scheduling, artificial intelligence visual recognition, etc. Full interoperability of downstream enterprises. oak
Huaxin Securities: Cost-effective and global, China's tire competitiveness continues to improve
The Zhitong Finance App learned that Huaxin Securities released a research report saying that while sales are picking up, the prices of natural rubber and synthetic rubber, the upstream raw materials have declined to a high level, and the profitability of the tire industry has increased dramatically. It is expected that the performance of listed companies related to the tire industry will be very impressive in 2023. In addition, with a trillion-dollar market space, domestic tire companies are continuously increasing their global market share with their high cost performance advantages, and there is plenty of room for future development. Recommended excellent listed companies in the domestic tire industry, Sailun Tire (601058.SH) and Mori Kirin (002984), which have strong competitiveness, low valuation and/or high overseas business
Sailun Tire (601058.SH): Additional investment of 774 million yuan in “Cambodia invests in the construction of a project with an annual output of 6 million semi-steel radial tires”
Gelonghui, January 29 | Sailun Tire (601058.SH) announced that the company agreed to invest an additional 773.69 million yuan in the “Cambodia Investment Project with an annual output of 6 million semi-steel radial tires”. After the additional investment, the total investment for the project is 2247.22 million yuan. The project will have a production capacity of 12 million semi-steel radial tires per year.
Sailun Tire (601058.SH): Net profit increased by around 132.77% in 2023. Production and sales of all-steel tires, semi-steel tires, and off-road tires all reached record highs
Gelonghui, January 29丨Sailun Tire (601058.SH) announced a pre-increase in its 2023 annual results. 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 of the previous year (statutory disclosure data), it will increase by about 1,768 billion yuan, or 132.77% year on year. Expected to be actual in 2023
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