Core Viewpoint - Hai'an Group has successfully listed on the Shenzhen Stock Exchange, marking a significant milestone in its journey to produce China's own all-steel giant tires, a venture that began nearly 20 years ago [1][4]. Group 1: Company Background and Development - Hai'an Group was founded by Zhu Hui in 2005, aiming to overcome the domestic production challenges of all-steel giant tires, which were previously dominated by international giants like Michelin [2][4]. - The company produced its first all-steel giant tire in 2008, ending China's reliance on foreign manufacturers for this product and establishing itself as the third country globally capable of such production [2][4]. - The largest tire produced by Hai'an Group measures 4 meters in diameter, weighs 6 tons, and is designed for heavy-duty mining operations [2][4]. Group 2: Quality and Innovation - Hai'an Group emphasizes quality control, with a commitment to rigorous standards reflected in the longevity of its products, such as a tire that operated for over 26,530 hours without failure [3][4]. - The company has developed customized production capabilities, tailoring tire designs to specific mining conditions, which enhances its competitive edge in the market [2][6]. Group 3: Market Expansion and Strategic Partnerships - The company has successfully expanded its market presence, particularly in Russia and emerging markets in Southeast Asia and Africa, with plans to increase international sales significantly [5][6]. - Strategic partnerships with key industry players like Zijin Mining and Jiangxi Copper have been established, ensuring a stable supply chain and collaborative growth [4][6]. Group 4: Future Growth and IPO Impact - The IPO is expected to provide Hai'an Group with new growth momentum, with plans to use the raised funds for capacity expansion and technological upgrades [7][8]. - The global demand for all-steel giant tires is projected to grow, with production expected to rise from 259,000 units in 2023 to 358,000 units by 2027, positioning Hai'an Group to capture a larger market share [7][8].
海安集团：负“重”驶向全球“巨型”市场