Core Viewpoint - Taike Ying officially listed on the Beijing Stock Exchange on October 28, with an opening price of 19.05 CNY per share, representing a 154% increase from the issue price, and a midday price of 22.96 CNY per share, reflecting a 206.1% increase, resulting in a total market capitalization of 5.08 billion CNY [1] Company Overview - Taike Ying specializes in the design, research and development, sales, and service of tires for mining and construction, having developed over 700 types of tires suitable for various working environments and holding 188 domestic and international patents [1] - The company ranks third in the domestic and international market share for engineering radial tires in 2023, with the highest market share in the domestic market for large-tonnage crane tires [1] Financial Performance - Over the past three years, the company's revenue increased from 1.803 billion CNY to 2.295 billion CNY, while net profit rose from 108 million CNY to 157 million CNY, maintaining a stable gross margin of 18% to 20% and an average return on equity of nearly 30% [2] - The company's overseas business revenue consistently accounts for about 70% of total revenue, exporting products to over 100 countries and regions across six continents, with approximately 80% of exports going to countries involved in the Belt and Road Initiative [2] Market Potential - The global engineering tire market is valued at approximately 17 billion USD, with an annual growth rate of 3% to 5%, where international brands hold about 80% of the market share, indicating significant replacement opportunities for Chinese tire companies [2] - The demand for mining and construction tires remains strong, particularly in the context of accelerated infrastructure development in Belt and Road Initiative countries [2]
泰凯英登陆北交所 首日开盘上涨154%