GTC(SZ:000589)2024-06-18 09:35Sales Performance - In 2023, Guizhou Tire sold 8,587,562 tires, representing a year-on-year growth of 20.44% [1] - Non-road tires accounted for approximately 37% of total sales [1] Competitive Strategy - The company focuses on a differentiated strategy to enhance competitiveness in the tire industry [2] - It emphasizes product structure adjustment, increased R&D investment, and high-quality production to meet diverse customer needs [2] Production and Sustainability - The second phase of the carbon black project, with an annual production capacity of 50,000 tons, began trial production on May 15, 2023 [2] - The utilization of carbon black tail gas for producing steam reached 42.83%, reducing coal usage by approximately 43,704 tons [2] Expansion Plans - The company has over 300 acres of unused land at the Zazuo base, with no current project plans [2] - The Vietnam Phase III semi-steel tire project is in the preliminary stages, aimed at expanding market presence and enhancing global competitiveness [2] Shareholder Activity - A company employee director plans to reduce holdings by up to 132,000 shares due to personal financial needs, which is not expected to impact corporate governance or operations [2]