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Sailun Group (601058.SH): Currently cooperating with some Douyin auto bloggers.
On September 26, Sailun Group (601058.SH) stated on the interactive platform that the company has currently cooperated with some automotive bloggers on Douyin. In addition to automotive vertical bloggers, they also cooperate with non-automotive vertical bloggers. Currently, the company is conducting a "crowd testing" task activity on Douyin platform ("1 Minute Sailun Teaches You How to Choose Tires" topics page), for more details on the activity please refer to the news released by Sailun Group WeChat official account on September 23. In the future, the company will continue to collaborate with mainstream new media platforms and platform bloggers on Douyin, Xiaohongshu, Bilibili, and Dcar Media.
Sailun Group (601058.SH): Subsidiary Sailun Dongjiakou plans to merge with Sailun new materials.
Guolonghui September 23rd | Sailun Group (601058.SH) announced that the board of directors has approved the full subsidiary Qingdao Sailun Tyre Co., Ltd. (referred to as “Sailun Dongjiakou”) to absorb and merge Qingdao Sailun New Materials Co., Ltd. (referred to as “Sailun New Materials”). After the merger, the business, assets, liabilities, and all other rights and obligations of Sailun New Materials will be inherited by Sailun Dongjiakou, and the implementation subject of the “Dongjiakou New Materials Project in Qingdao, with an annual production capacity of 0.5 million tons of functional new materials (Phase 1: 0.2 million tons)” will be changed from the Sailun New Materials to Sailun Dongjiakou. This project is planned to proceed.
Sailun Group (SHSE:601058) Shareholders Have Earned a 29% CAGR Over the Last Five Years
Sailun Group (SHSE:601058) Has A Pretty Healthy Balance Sheet
Tire semi-annual report inventory: strong demand, outstanding performance, continue to expand overseas market.
① Among the 9 listed companies in the tire industry, 8 companies have achieved growth in net income in the first half of this year due to strong market demand; ② Top companies in the industry, such as Sailun Group, Linglong Tyre, and Jiangsu General Science Technology, will continue to expand overseas production capacity in 2024 to meet the high overseas demand.
West Securities: The recovery of downstream auto industry sales drives tire demand. Semi-steel tire capacity utilization is high.
The sales of the downstream automobile industry rebounded, driving the demand for tires; the prices of upstream raw materials are fluctuating and rising, and marine transportation costs are high, putting pressure on the cost side of tire companies; the operating rate of semi-steel tires is high, while the operating rate of all-steel tires has declined.
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