Are Strong Financial Prospects The Force That Is Driving The Momentum In Qingdao Sentury Tire Co., Ltd.'s SZSE:002984) Stock?
Research Reports to Discover Wealth | Tianfeng: Gives Qingdao Sentury Tire a "Shareholding" rating, Target Price 29.53 yuan.
Tianfeng's Research Reports indicate that Qingdao Sentury Tire (002984.SZ) has a complete range of tire categories, covering various fields with full steel, semi-steel, and specialty tires, showcasing the company's strength in Aviation and racing tires. In terms of branding, its brands "Road Chance," "Delinte," and "Qingdao Sentury Tire" have a strong international influence. The company has developed the "833Plus" Global Strategy, which adapts to future development paths based on the trends in the Global tire Industry and the company's actual development, aiming to ultimately establish 8 digital tire Intelligent Manufacturing bases, 3 Global R&D centers, and 3 Global user experience centers over the next 10 years.
Here's Why Qingdao Sentury Tire (SZSE:002984) Can Manage Its Debt Responsibly
Mori Kirin: 2024 performance forecast
Qingdao Sentury Tire (002984.SZ): Expected net income in 2024 to grow by 53.45%-72.45% year-on-year.
According to Gelonghui on January 23, Qingdao Sentury Tire (002984.SZ) announced that it expects a net income of 2100 million yuan to -2360 million yuan for 2024, representing a year-on-year growth of 53.45% to 72.45%. The net income excluding non-recurring items is expected to be between 2040 million yuan and -2300 million yuan, an increase of 56.37% to 76.30% compared to the same period last year. In 2024, the company’s high-quality, high-performance passenger car and light truck tire products continue to see demand in the overseas tire market exceed supply, while the company steadily expands into the domestic market with considerable growth potential. At the same time, the company
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qingdao sentury tire (002984.SZ): Currently, the usa does not impose additional tariffs on tires originating from Thailand and Morocco.
Gelonghui reported on November 29 that qingdao sentury tire (002984.SZ) recently stated in an investor relations activity that the company's Morocco project has entered the running phase and has begun shipping products to customers. Currently, the company primarily sells tires to the usa market from its factories in Thailand and Morocco, with customer order demand exceeding supply. There are currently no additional tariffs imposed on tires originating from Thailand and Morocco in the usa.
Qingdao Sentury Tire (002984.SZ): Currently, it has officially started supplying winter tire products for the Tiguan model to the Volkswagen Group headquarters in Germany.
Gelonghui November 29th | qingdao sentury tire (002984.SZ) stated in recent investor relations activities that the company has officially started supplying winter tire products for the Tiguan model in bulk to the headquarters of Volkswagen Group in Germany, continuously enhancing the company's brand influence and visibility in the global high-end supporting market, becoming the first Chinese tire brand to officially supply to overseas leading international car manufacturers.
Qingdao Sentury Tire (002984.SZ): Currently, there is a continuous supply shortage in response to the demand from USA customers.
On November 28, Ge Longhui reported that qingdao sentury tire (002984.SZ) stated on the investor interaction platform that the company is currently mainly selling tires to the usa market from its factory in Thailand, and the demand for orders from usa customers continues to exceed supply. At the same time, the company’s Moroccan project for producing 12 million passenger car and light truck tires has entered the running phase, and the company is making every effort to advance the Moroccan project, which will achieve large-scale production by 2025.
Qingdao Sentury Tire (002984.SZ): has been included in the supplier directory of relevant aircraft manufacturing companies.
Gelonghui on November 28th: qingdao sentury tire (002984.SZ) stated on the investor interaction platform that the company has entered the supplier list of relevant aviation manufacturing enterprises, signed a cooperation research and development agreement, carried out aviation tire cooperation, and has started small-scale supply. At the same time, the company is steadily advancing customer development in the aviation tire application field.
Qingdao Sentury Tire (002984.SZ): Currently has the capability to research, develop, manufacture, and mass produce flying car tires.
Gelonghui, November 28th | Qingdao Sentury Tire (002984.SZ) stated on the investor interaction platform that the company closely monitors the national policies, development trends, and cutting-edge dynamics in the low-altitude economy sector, and based on the characteristics of the tire industry and its own needs, conducts independent research and development innovation and reasonable layout. Currently, it has the capability to research, manufacture, and mass-produce flying car tires, with the core technology being independently developed, combining the advantages of both automotive tires and aviation tires.
There Is A Reason Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Price Is Undemanding
Sinolink: The trend of rising in the east and falling in the west still exists, and domestic tire enterprises are beginning to differentiate.
The domestic semi-steel tire and an all-steel tire start have shown significant differentiation. The monthly start rate of semi-steel tires in China has been maintained at close to 80% since March, while the monthly start rate of all-steel tires has fluctuated below 60% between May and October.
Is Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Recent Stock Performance Tethered To Its Strong Fundamentals?
Sealand: High-end transformation is the key factor of the next wave of tire opportunities.
After experiencing the first differentiation achieved through overseas base layout, domestic tire companies are very likely to usher in the second differentiation marked by high-end transformation.
There May Be Underlying Issues With The Quality Of Qingdao Sentury Tire's (SZSE:002984) Earnings
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