Core Viewpoint - Hai'an Group successfully listed on the Shenzhen Stock Exchange with an issue price of 48.00 yuan per share and a price-to-earnings ratio of 13.94 times [1] Company Overview - Hai'an Group is the largest all-steel giant tire manufacturer in China and one of the four largest manufacturers of giant engineering radial tires globally [2][3] - The company was founded in 2005 by Chairman Zhu Hui, who aimed to address the domestic production challenges of all-steel giant tires [2] - Hai'an Group has achieved annual revenue exceeding 2 billion yuan and has broken the monopoly of three major international brands in the all-steel giant tire market [2][3] Financial Performance - From 2022 to the first half of 2025, Hai'an Group's main business revenues were 1.457 billion yuan, 2.208 billion yuan, 2.244 billion yuan, and 1.030 billion yuan, respectively, with net profits of 319 million yuan, 639 million yuan, 641 million yuan, and 317 million yuan [4] - The company has maintained a rising gross margin, with figures of 38.04%, 46.63%, 48.17%, and 45.65% during the same period [4] Production Capacity and Market Position - Hai'an Group is currently the fourth largest all-steel giant tire producer globally and the largest in China, with a production capacity of 7,300 tires and a utilization rate of 87.84% [6] - The company has successfully developed and mass-produced a full range of all-steel giant tire specifications, including R49, R51, R57, and R63 [6] Business Model and Services - The company provides comprehensive lifecycle management services for mining tires, which include supply, inspection, maintenance, and data analysis [5][6] - Hai'an Group's clients include well-known mining companies and machinery manufacturers, enhancing its market presence [3] IPO and Future Plans - The IPO aims to raise 2.952 billion yuan for expanding production capacity and upgrading automation, which will add approximately 22,000 tires to the annual production capacity [8][9] - The company plans to invest in a new research and development center to enhance its overall R&D capabilities and maintain its competitive edge [9][10]
全钢巨胎龙头海安集团 今日深主板上市