Qingdao Sentury Tire (002984.SZ) announced its performance forecast for the first half of 2024. The net income attributable to the shareholders of the listed company is expected to be between 1 billion and 1.2 billion yuan, an increase of 64.95% -97.94% compared to the same period last year. After deducting non-recurring gains and losses, the net profit is expected to be between 1 billion and 1.2 billion yuan, an increase of 71.50% -105.80% compared to the same period last year. The basic earnings per share are expected to be between 0.97 yuan/share and 1.17 yuan/share.
During the reporting period, the company continued to carry out internal process re-engineering, maximized the organic combination of personnel, equipment, and software, continuously improved the management level of the company's intelligent manufacturing model, maximized the effectiveness of intelligent manufacturing, and continuously achieved cost reduction and efficiency enhancement, per capita benefits, production efficiency, and product quality improvement. The refinement management mode matched with the company's intelligent manufacturing further improved the company's profitability. At the same time, the United States Department of Commerce announced that the lowest tax rate for anti-dumping investigations on Thai passenger car and light truck tires was 1.24%, which indicated that the company's operational compliance and ability to participate in international competition are at a world-leading level.