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The Total Return for Guizhou TyreLtd (SZSE:000589) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
Guizhou Tyre (000589.SZ): Some products have been used in Asia Vets autonomous minibus models, but the proportion of company revenue is extremely small.
Guizhou Tyre (000589.SZ) stated on the investor interaction platform on July 19th that the company produces tires for passenger vehicles, which can be used in related fields. Currently, the company has products used for Asia Vets autonomous minibus models, but the proportion of the company's income is very small. In the future, the company will actively expand related businesses according to market demand.
Huachuang Securities: Tire raw material costs are expected to fall in the second half of the year, waiting for the marine transportation cost to reach the inflection point.
As natural rubber enters its peak supply period in the second half of the year, coupled with the bottoming out and rebound of refinery operating rates, it is expected that synthetic rubber prices will fall, which will help alleviate cost pressures on tire companies.
Guizhou Tyre (000589.SZ) has spent a total of 31.0369 million yuan to buy back 5.5961 million shares.
Guizhou Tyre (000589.SZ) announced on July 1st that by June 28, 2024, the company had repurchased 5,596,100 shares of the company through a share repurchase special securities account in a centralized bidding manner, accounting for 0.36% of the company's current total share capital. The highest transaction price was 5.96 yuan/share, the lowest transaction price was 4.74 yuan/share, and the total amount of funds used was 31,036,900 yuan (excluding transaction fees).
Declining Stock and Solid Fundamentals: Is The Market Wrong About Guizhou Tyre Co.,Ltd. (SZSE:000589)?
Guizhou Tyre (000589.SZ) currently does not produce passenger vehicle tyres.
Guizhou Tyre (000589.SZ) stated on the investor interactive platform on June 21st that the company's currently produced and sold products only involve commercial vehicle tyres, namely, tyres for trucks, construction machinery, agriculture, industry, and special vehicles. With the development of new energy commercial vehicles, the company's products have been applied in the field of new energy for trucks, construction machinery, and industrial vehicles. As the company does not currently produce passenger vehicle tyres, it has not supplied them to the passenger vehicle manufacturers mentioned by you.
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