Daye Shares predicts 50% of growth
Shandong Daye Shares announced on June 22 that the company was predicted to reach 98 million yuan to 105 million yuan in the first half year of 2018, year-on-year rising by 42.55% to 52.73%.
The company contributed its profit growth to sales soaring of high-performance tire steel cord and stable raw material price, which helps its main operation business rising.
The company is the supplier for nearly one hundred tyre manufacturers such as ZC Rubber, Cheng xin ,CST, Double Coin, Aeolus Tyre,Triangle, SailunTyre, Bridgestone, SUMITOMO, KUMHO ,Hankook and Nexon, and over 70% Top 10 world tyremanufacturers have been customers of Daye.
As an important high-tech enterprise listed in the national torch program, the company has established the National Rubber Frame Material Standard R&D Base, Petroleum and Chemical Industry High Performance Bead Wire Research Center, Shandong High Performance Bead Wire Engineering and Technical Center, Shandong Enterprise Technical Center, and Weifang High Performance Bead Wire Technical Laboratory.
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
