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Guizhou Tire: 2024 Semi-Annual Report Summary
Guizhou Tire: 2024 Semi-Annual Report
Guizhou Tyre Co.,Ltd. (SZSE:000589) Looks Inexpensive But Perhaps Not Attractive Enough
Guizhou Tyre (000589.SZ): The company highly values market cap management.
Guizhou Tyre (000589.SZ) recently stated during a visit with institutional investors that the company attaches great importance to market cap management. In recent years, measures have been taken, including strengthening communication with investors, continuous cash dividends, and share buybacks, to enhance investor confidence. In 2023, the proportion of cash dividends to net income attributable to shareholders of the listed company exceeded 37%, and the accumulated buyback amount in 2023 was more than 67.59 million yuan, and the accumulated buyback amount from 2024 until now was more than 31.99 million yuan. In the future, the company will comprehensively consider the financial situation, business development needs, and investor interests.
Guizhou Tyre (000589.SZ): The annual production of 0.05 million tons of carbon black Phase II project began trial production in mid-May this year.
Guizhou Tyre (000589.SZ) recently stated during a reception for institutional investors that the second phase of carbon black project with an annual output of 0.05 million tons commenced trial production in mid-May this year and the current production capacity has reached over 90% of the rated capacity. With full production of both phases of the carbon black project, the company will be able to meet around 75% of the carbon black demand of its Guiyang factory.
Guizhou Tyre (000589.SZ): Currently, the overall capacity utilization rate of the first two projects in Vietnam has reached over 90%.
Recently, Guizhou Tyre (000589.SZ) stated during an investor reception with institutions that the overall capacity utilization rate of the first two phases of Vietnam projects has reached over 90%. The volume of phase one of Zazo project is also steadily increasing, with continuously improved on-site lean management, labor efficiency, and per capita output. The company will closely monitor market demand and development, continuously strengthen the competitiveness of products, services and costs, and support the long-term high-quality development of the company with high-quality products.
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