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 closing at 21.64 CNY, a rise of 188.5% [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 [2][3] - The company ranks third among domestic and international tire brands in the 2023 domestic engineering radial tire market share, with the highest market share in the domestic market for large-tonnage crane tires [2][3] 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% [3] Market Position and Opportunities - Taike Ying's overseas business accounts for approximately 70% of its revenue, exporting products to over 100 countries and regions across six continents, with around 80% of total exports going to countries involved in the Belt and Road Initiative [3] - The global engineering tire market is valued at approximately 17 billion USD, with a projected annual growth rate of 3% to 5%, indicating significant replacement opportunities for Chinese tire manufacturers, especially with the acceleration of infrastructure construction in Belt and Road countries [4]
又一公司登陆北交所！上市首日大涨