Giant Wheels sold over 100 million vulcanizers last year

Under the two-wheel drive of new products, vulcanizers and export growth, the company’s (002031) company achieved total operating revenue of 569 million yuan in 2010, an increase of 39.70% year-on-year, and a net profit of 106 million yuan, a year-on-year increase of 27.64%. It is worth noting that the development performance of the giant wheel shares last year has been recognized by the Fund. The leading growth of Cinda Macau Bank, Morgan Stanley Huaxin Resources Optimization and Southern Preferred Values ​​have all appeared in the company's top ten outstanding shares list.

The data shows that the two giants’ billion-dollar index for the first time last year deserves special attention. Among them, after sales of giant wheel shares vulcanizer products experienced the ups and downs in 2008 and 2009, they experienced explosive growth in 2010, achieving an operating income of 143 million yuan, a year-on-year increase of 280.45%. In response, the giant wheel shares that the company's high-precision hydraulic tire vulcanizer products have embarked on the fast track of development, the company has become the domestic production of "hydraulic tire vulcanizing machine" one of the leading enterprises. Facing the vast market space of domestic hydraulic tire vulcanizers and good industry development prospects, the company has initiated a issuance of 350 million yuan convertible bond project, and plans to expand the existing high-precision hydraulic tire vulcanizing machine production line, with an additional capacity of 120 units/ In the year following the successful implementation of the project, the production capacity of the company's high-precision hydraulic vulcanizing machine will be increased to 320 units/year, which will further enhance the company's core competitiveness on the basis of extending the company's industrial chain and optimizing product institutions. For the future development of the vulcanizing machine industry, giant wheel shares said that in recent years, with the rapid development of China's radial tires, especially the continuous improvement of the ratio of high-performance radial tires, hydraulic tire vulcanizing machine has fully demonstrated its superiority. Domestic and foreign tire manufacturing companies have significantly increased their demand. However, the R&D and production capacity of hydraulic vulcanizing machines in the country are still relatively weak, and there are still quite few companies with industrialized production capabilities. As the hydraulic tire vulcanization machine is a product with high technical and technological requirements in the rubber machinery, the market access requirements are rather harsh, which means that the industry concentration is much higher than other rubber machine industries, and there should not be a large number of market participants in the short term Join.

In 2010, the company’s operating income from overseas operations was 103 million yuan, a year-on-year increase of 54.76%. Investors familiar with the giant round of shares may know that QFIIs (Qualified Foreign Institutional Investors) have appeared frequently in the top ten tradable shareholders of the company in the years prior to the listing of the company, which is quite a bit of a “flowering in the wall”. The billions of export earnings of giant wheel shares last year again showed the company’s products’ competitiveness in the international market. For this operating result, giant wheel shares said that last year the company passed the system audit of international brand tire companies such as German mainland and Indian Apollo, and obtained the qualification of German mainland company A-level supplier. In 2010, the company also achieved a good performance in the Indian market and received a large amount of orders from Apollo in India. At the same time, the company’s products also covered other major tyre factories in India; the company set up India’s after-sales service center to enhance its competitiveness in the Indian market. The company’s visibility and market share in the Indian market have increased significantly.

In the major work of the giant wheel shares this year, "to do a good job in marketing work" was placed in the first place. According to the giant wheel company, the company will be based in China in 2011 and will expand overseas markets in an all-round and vigorous manner to ensure its leading position in the industry, enhance the company's capabilities, enhance its international competitiveness, and ensure the successful completion of its export tasks.

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