SAILUN GROUP(SH:601058) Chang Jiang Shang Bao·2026-01-28 00:16Core Viewpoint - Sailun Tire, the first Chinese tire company to establish overseas manufacturing, is adjusting its investment and production capacity at its Indonesian facility to meet international market demand and support its globalization strategy [2][5]. Group 1: Project Adjustments - The annual production capacity of semi-steel radial tires at the Indonesian plant will increase from 3.6 million to 6 million units, with total project investment rising from $251 million to approximately $300 million (about 2.085 billion RMB) [1][5]. - The adjusted construction content includes the production of 600,000 semi-steel radial tires, 750,000 steel radial tires, 10,000 tons of off-road tires, and 1.5 million inner tubes and flaps [6][5]. Group 2: Market Strategy and Performance - Sailun Tire's overseas markets have become a major revenue source, with sales from international markets accounting for 76.27% of total revenue in the first half of 2025 [4][11]. - The company has established a global production matrix with facilities in Vietnam, Cambodia, Indonesia, Mexico, and Egypt, making it the largest Chinese tire manufacturer in terms of overseas capacity [8][9]. Group 3: Financial Projections and Profitability - The adjusted Indonesian project is expected to generate an average annual revenue of $33.53 million and an average annual net profit of $6.26 million [7]. - Since its listing in 2011, Sailun Tire has achieved a cumulative net profit of 17.754 billion RMB, with annual profits averaging around 1.2 billion RMB [11]. Group 4: Innovation and R&D - Sailun Tire ranks first in the 2025 tire company patent rankings, showcasing its commitment to innovation and technology development [11]. - The company has invested significantly in R&D, with expenditures increasing from 621 million RMB in 2022 to 1.013 billion RMB in 2024, reflecting a continuous growth trend [11].