GTC(SZ:000589)2023-07-04 09:12Group 1: Production Capacity and Expansion Plans - The company currently has a total production capacity of over 9 million tires across domestic and Vietnam factories [2] - Ongoing expansion projects include a domestic factory with an annual capacity of 380,000 all-steel radial tires and a Vietnam factory with an annual capacity of 950,000 high-performance all-steel radial tires [2] - The Vietnam factory's second-phase project is planned to produce 950,000 tires, including 800,000 highway tires and 150,000 non-highway tires [3] Group 2: Export Markets and Strategy - Products are exported to regions including the Americas, Europe, Asia, and Africa, with the Vietnam factory exclusively focused on exports [3] - The domestic factory will export based on order conditions, ensuring a flexible supply chain [3] Group 3: Sustainability and Circular Economy Initiatives - The company is actively responding to national "dual carbon" goals, implementing measures for circular economy and sustainable development [3] - Initiatives include a completed first-phase project producing 50,000 tons of carbon black and a second-phase project also targeting 50,000 tons, which helps stabilize the supply chain and utilize waste gas for energy [3] - The company has a recycling project for reclaimed rubber, reducing manufacturing costs and carbon emissions [3] Group 4: Product Categories and Competitive Advantages - The company specializes in commercial tires, including bus and truck tires, engineering machinery tires, agricultural tires, industrial tires, and specialty tires [3] - Non-highway tires include engineering machinery tires, industrial vehicle tires, and agricultural tires [3] - The company adopts a differentiation strategy, adjusting product structure based on market demand and offering small-batch, multi-batch production to meet customized needs [3]