智通财经网·2025-08-18 11:37Core Viewpoint - Hai'an Rubber Group Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise approximately 2.95232 billion RMB, focusing on the production and sales of giant all-steel radial tires for engineering machinery and mining tire management services [1] Financial Performance - In the fiscal years 2022, 2023, and 2024, the company reported revenues of approximately 1.508 billion RMB, 2.251 billion RMB, and 2.300 billion RMB, respectively, with net profits of about 354 million RMB, 654 million RMB, and 679 million RMB [2] - The total assets as of December 31, 2024, are projected to be 3.28278 billion RMB, with equity attributable to shareholders of 2.38693 billion RMB [3] - The company's asset-liability ratio is expected to decrease from 44.49% in 2022 to 21.10% in 2024, indicating improved financial stability [3] Key Products and Clients - The main business includes the research, development, production, and sales of giant all-steel radial tires, which are characterized by their large size and high production complexity, with only a few manufacturers capable of mass production [1] - Major clients include Zijin Mining Group Co., Ltd., Ural Mining and Metallurgical Company, and XCMG Group, among others, highlighting a strong customer base in the mining and construction sectors [1]