There Is A Reason Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Price Is Undemanding
Qingdao Sentury Tire (002984.SZ): Currently, the company has not yet entered the supply system for AG600 amphibious aircraft.
Qingdao Sentury Tire (002984.SZ) stated on the investor interaction platform on July 24 that the company has not yet entered the AG600 amphibious aircraft supply system.
Qingdao Sentury Tire (002984.SZ) has entered the list of suppliers for related aircraft manufacturing companies and has started aviation tire cooperation.
An investor asked qingdao sentury tire (002984.SZ) on the investor interaction platform about the business of aviation tires of the company, and whether they are providing supporting services for C919. The company replied that it has entered the supplier list of relevant aircraft manufacturing enterprises and has signed a cooperation and development agreement to carry out aviation tire cooperation. At the same time, the company is steadily promoting customer development in the application field of aviation tires.
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.
Is Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Latest Stock Performance A Reflection Of Its Financial Health?
Qingdao Sentury Tire: 2024 Interim Performance Forecast
Qingdao Sentury Tire (002984.SZ): Net income is expected to increase by 64.95% -97.94% in the first half of the year.
On July 9th, GeLonghui, Qingdao Sentury Tire (002984.SZ) announced its performance forecast for the first half of 2024. The net income attributable to shareholders of the listed company is expected to be between 1 billion yuan and 1.2 billion yuan, an increase of 64.95%-97.94% year-on-year. The net income after deducting non-recurring gains and losses is expected to be between 1 billion yuan and 1.2 billion yuan, an increase of 71.50%-105.80% year-on-year. The earnings per share is 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 reengineering, maximized the organic combination of personnel, equipment, and software, and constantly improved.
Qingdao Sentury Tire (002984.SZ): The Spanish project has received approval from the Spanish government's environmental impact assessment.
Qingdao Sentury Tire (002984.SZ) stated on the investor interaction platform on July 8th that the company's Spanish project has obtained the Spanish government's environmental impact assessment approval. Currently, the company is working on the pre-approval procedures for construction permits and the approval of some basic supporting facilities, and the company will smoothly and steadily promote the construction of the Spanish project in the future.
Qingdao Sentury Tire (002984.SZ): Compared to similar international first-line products, QirinEV has a 6% reduction in rolling resistance.
Qingdao Sentury Tire (002984.SZ) stated on the investor interaction platform on July 1 that the company attaches great importance to the research and development of new energy "green tires", and is committed to achieving the goal of becoming a global leader in high-end new energy automobile tires. The company's independently developed high-performance new energy vehicle special tire QirinEV has a rolling resistance that is 12% lower than that of ordinary gasoline tires and about 6% lower than that of similar products from international first-line manufacturers. Its range is increased by about 12% compared to similar products from international first-line manufacturers, and electricity consumption is reduced by 5%. The full life cycle range cycle saves 440 kWh of electricity and reduces 345 kg of CO emissions.
With 44% Ownership, Qingdao Sentury Tire Co., Ltd. (SZSE:002984) Insiders Have a Lot Riding on the Company's Future
Mori Kirin (002984.SZ): The key task this year is to steadily promote the commissioning and operation of the Moroccan intelligent manufacturing project and strive to put it into operation in the fourth quarter
Gelonghui, May 16 | Sen Kirin (002984.SZ) disclosed an investor relations activity record table showing that the expansion of overseas production capacity is the only way for the global development of Chinese tires. The company's Thailand Phase I and Phase II intelligent manufacturing bases have been successfully put into operation, and have become the company's core profit engine. The company's key work this year is to steadily push forward the commissioning of Morocco's intelligent manufacturing project. Currently, construction is progressing smoothly and is progressing steadily according to the plan, making every effort to start production and operation in the fourth quarter of 2024. The company has always adhered to a steady path of global production capacity development.
Mori Kirin (002984.SZ): Aviation tires have continued to be supplied in small quantities to relevant users
Gelonghui, May 16 | Senkirin (002984.SZ) disclosed an investor relations activity record sheet showing that the company's aviation tires have continued to be supplied in small quantities to relevant users.
Mori Kirin (002984.SZ): The company's current semi-steel tire orders continue to be in short supply, and the overall operation and development trend is good
Gelonghui, May 16 | Senkirin (002984.SZ) said on the investor interactive platform that the company's current orders for semi-steel tires continue to be in short supply, and the overall operation and development trend is good. The company's management will continue to adhere to steady management, strengthen and improve the main business, continuously improve the company's overall competitive strength, pay attention to investor returns, and return investors with good business performance.
Mori Kirin (002984.SZ): General Manager Lin Wenlong plans to reduce his holdings by no more than 1.21%
Gelonghui, May 10, 丨 Sen Kirin (002984.SZ) announced that the company recently received the “Notice Letter on the Qingdao Senkirin Tire Co., Ltd. Stock Reduction Plan” from Director and General Manager Lin Wenlong. Mr. Lin Wenlong plans to reduce his holdings of the company's shares by a total of 124.46 million shares within 3 months (i.e. June 3, 2024 to September 2, 2024) within 3 months after the disclosure of the announcement (that is, June 3, 2024 to September 2, 2024) through centralized bidding transactions or bulk transactions. Among them, where shares are reduced through centralized bidding transactions, the total amount shall not exceed the total number of shares of the company
We Think Qingdao Sentury Tire (SZSE:002984) Can Stay On Top Of Its Debt
Mori Kirin (002984.SZ): Currently not producing and selling off-road tire products (construction machinery vehicle tires)
Gelonghui, April 23丨An investor asked Sen Kirin (002984.SZ) on the investor interactive platform, “Does the company have any off-road tire products? If so, what are the sales volume and profit? If not, is there any intention to produce off-road tires?” The company replied that currently the company does not produce and sell off-road tire products (tires for construction machinery and vehicles), and if there are relevant layouts and plans in the future, the company will promptly fulfill its obligation to disclose information.
Mori Kirin (002984.SZ): Net profit of 504 million yuan in the first quarter increased 101.34% year over year
On April 18, Ge Longhui (002984.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 2.115 billion yuan, up 27.59% year on year; net profit attributable to shareholders of listed companies was 504 million yuan, up 101.34% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 497 million yuan, up 106.70% year on year; basic earnings per share were 0.68 yuan.
Shenwan Hongyuan: Strong export demand combined with downstream policies increasing tire valuations are expected to continue to recover
The Zhitong Finance App learned that Shen Wan Hongyuan released a research report saying that equipment renewal and consumer goods trade-in policies have been strengthened, and construction machinery and automobiles have once again emphasized renewal, elimination and subsidy policies, which is expected to drive demand for original related parts. Combined with continued strong domestic and foreign demand, orders remain in short supply, and the long-term logic of increasing the fundamental share of tires remains unchanged. The overall tire sector valuation is expected to continue to recover. Furthermore, the long-term share increase logic remains unchanged, and companies are expected to maintain high performance growth in 2024. In recent years, the consumption structure of overseas products has changed, and demand in the US market is gradually moving closer to cost-effective products. Chinese tire companies are
Be Sure To Check Out Qingdao Sentury Tire Co., Ltd. (SZSE:002984) Before It Goes Ex-Dividend
Mori Kirin (002984.SZ): 2023 equity distribution 10 to 4 installments 4.1 yuan Equity Registration Date April 18
On April 11, Gelonghui (002984.SZ) announced that the company's 2023 equity distribution plan is to distribute RMB 4.100,000 in cash (tax included) to all shareholders for every 10 shares based on 736,277,253 shares after excluding 2,500,000 shares of the company's existing total share capital. At the same time, the capital reserve fund was used to transfer 4.000000 shares to all shareholders for every 10 shares. The share registration date for this equity distribution is April 18, 2024, and the exclusive dividend date is April 19, 2024.
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