Category: Money Tips Date: 2006-09-01
Source: Far East Securities
G Tire (600,623): The company is the leading tire manufacturers. A more complete variety of product specifications for domestic FAW, Heavy Duty Truck, Volvo, Yutong, Golden Dragon, etc. more than 30 key automobile factory matching tire giant Michelin and international joint venture companies are more to make it stronger competitiveness. Company's products are currently sold abroad more than 100 countries and regions, exports reached 170 million U.S. dollars, this year the company will establish sales company in Europe is expected to reach 200 million U.S. dollars export. Semi-annual report shows significant increase in performance.
The company in order to seize the opportunity to expand market share and quickly form a reasonable economy of scale, improve investment efficiency, invest in an annual output of 1.1 million all-steel truck radial tire project has been about one completed in the next five to ten years, the domestic market share is expected to rise to First, capacity expansion allows the company performance growth can be expected, a significant investment value.
The company has made well-known tire brand "back force", the "double the money." The scale of production, sales revenues and profitability of leading domestic and continuously push forward independent innovation, accelerate the pace of development of all-steel engineering tire series. Double the money owned companies and the Institute has developed 14.00R24 tires more than 10 specifications of steel engineering tire to achieve the product series. On this basis, this year has invested heavily in the implementation of all-steel engineering tire core technology systems innovation, cutting-edge technology to seize the high ground, pay close attention to development of a giant steel engineering tire, and strive to become China's tire industry, steel engineering tire varieties, complete specifications relatively strong enterprise. Company to implement foreign trade diversification strategy, and actively expand the international market and expanding exports of steel engineering tire. Double the money brand steel engineering tire entering the United States, the European Union, Australia, after the mainstream market now has access to the Middle East and Southeast Asian markets, is expected to double the money this year, license-steel engineering tire exports 70000, earned 45 million U.S. dollars. Pairs of money-steel engineering tire brand is not only the replacement tire market, the world's best-selling products, and has become the largest U.S. manufacturer of construction machinery vehicles - John? Deer supporting the company's products, thereby further stimulating the replacement market, has accelerated the pace of internationalization.
With the rapid development of highways, transport as well as the growing high-tech tire to be supported so as to promote the development of tire industry still has good prospects. Policy adjustments will bias tire rate from 10% down to 3%, radial tires continue to implement tax policy. The company's truck tire sales amounted to 1.1 billion, accounting for 25% of tire sales, preliminary estimate will cost the expenditure of more than 6000 million in consumption tax. At the macro environment, strong support, the company will grow.
Two markets: the Unit for the Shanghai stock market leading small-cap stocks, historical stock sexually active, at present only 3890 shares Liutong Pan. Moderately heavy volume at the bottom of the unit recently. Broader market plunged Wednesday afternoon, the stock does not drop, inflation, showed signs of launch. The stock market outlook is expected to retaliatory continuous Zhang Sheng, should focus on.
