营业利润率14.3%！锦湖轮胎二季度收入、利润创历史新高

Core Viewpoint - Kumho Tire reported strong financial performance for Q2 2025, achieving record revenue and operating profit, driven by strategic development and innovation [1][2] Financial Performance - Q2 revenue reached 12,213 billion KRW (approximately 6.2 billion RMB), with an operating profit of 1,752 billion KRW (approximately 900 million RMB), marking an operating profit margin of 14.3% [1] - For the first half of 2025, total revenue was 24,275 billion KRW (approximately 12.3 billion RMB), reflecting a year-on-year growth of 11.5%, while operating profit was 3,217 billion KRW (approximately 1.6 billion RMB), up 8.3% year-on-year [1] Market Growth - The company maintained robust sales growth in North America, Europe, and China, with sales increasing by 24.1% in North America, 12.9% in Europe, and 12.8% in China compared to the previous year [1] - The sales of large-sized tires accounted for 43.4% of total sales in Q2, while the supply for electric vehicles reached 20.3% [1] R&D and Product Innovation - Kumho Tire achieved significant recognition in product testing, with the "Ecsta Sport S" winning first place in the Auto Bild summer tire evaluation in Europe and second place in the TIRE RACK performance summer tire test in the U.S. [2] - The company launched the "WinterCraft WP52+" winter tire in Europe and the "SOLUS ADVANCE" all-season tire in South Korea, both receiving positive market feedback [2] Strategic Focus - Analysts expect Kumho Tire to continue focusing on North America, Europe, and China in the second half of 2025, optimizing product mix and increasing the proportion of high-value products to enhance profitability [2] - The company aims to leverage 2025 as a pivotal year for its high-end brand development through continuous innovation in branding, products, technology, and operations [2]