Core Viewpoint - Hai'an Rubber Group is set to go public on May 30, marking its 20th anniversary, with significant achievements in the production of all-steel giant tires, breaking international monopolies and expanding its market presence globally [1][5]. Group 1: Company Overview - Hai'an Rubber has developed all-steel giant tires with a maximum rim diameter of 63 inches, producing 14,000 units in 2022, ranking fourth globally and first domestically with a market share of approximately 52.4% [5]. - The company has achieved rapid growth, with revenues of 1.457 billion yuan, 2.208 billion yuan, and 2.244 billion yuan from 2022 to 2024, and net profits of 319 million yuan, 639 million yuan, and 641 million yuan respectively [5]. Group 2: Historical Development - Founded in 2005 by Chairman Zhu Hui, Hai'an Rubber aimed to address the domestic production gap in giant tires, previously dominated by international brands [3][4]. - The company successfully launched China's first giant engineering radial tire in 2008, achieving domestic technological leadership and international performance standards [4]. Group 3: Technological Advancements - Hai'an Rubber has invested over 3% of its revenue in R&D for the past three years, leading to over 70 national patents and significant breakthroughs in tire structure, material formulation, and manufacturing processes [7][8]. - The company has developed customized tires to meet diverse mining conditions, showcasing its technical expertise and extensive experience in the industry [6][7]. Group 4: Market Strategy and Future Plans - The company plans to expand its production capacity and automate its production lines, with IPO funds allocated for these initiatives [9]. - Hai'an Rubber aims to explore new markets in emerging economies, particularly in countries involved in the Belt and Road Initiative, and to follow state-owned enterprises in overseas mining investments [10].
海安橡胶:巨胎“小巨人” 负“重”再出发
Shang Hai Zheng Quan Bao·2025-05-25 17:51