Sailun Group: Expanding all-steel tire capacity in Cambodia for sales to North America and the Cambodian market | Quick read announcement
①Sailun Group announced tonight that it plans to expand its full steel tire production capacity in Cambodia, increasing its market share in the North American market and the local Cambodian market; ②According to an interview with a reporter from the Financial Connection, the company has a high market share of full steel tires locally.
The Meituan Robot Research Institute's academic annual conference is about to open, and commercial service robots are expected to enter a Gold development period.
① The 2024 Meituan Robot Research Institute Academic Annual Conference will be held in Shenzhen on December 27. ② It is expected that by 2030, the Global commercial service robot market size will exceed 10 billion yuan, with an average annual growth rate of 20.3%.
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Shandong Linglong Tyre: Profit improvement from jiegoutiaozheng in product structure Northern America income accounts for approximately 18% | Directly covering earnings conference
1. The product structure is improving, coupled with the overseas second base achieving profitability, Shandong Linglong Tyre's revenue and gross profit for the first three quarters of this year have both achieved growth; 2. Wang Feng, the chairman and CEO of the company, stated that in the first three quarters of 2024, North American revenue accounted for around 18% of total revenue, and the company will actively explore overseas markets in the future and accelerate the selection of the location for the overseas third base.
Strong demand, increased production capacity utilization, shandong linglong tyre's net profit in the first three quarters increased by nearly 80% year-on-year | Interpretations
① Product sales increased, combined with receiving anti-dumping tax refunds from the USA, shandong linglong tyre's net profit in the first three quarters increased by 78.39% year-on-year; ② Company officials stated that the company's semi-steel tyre orders remained strong this year, domestic supporting business further optimized, the Serbia base has already achieved monthly profits, and production capacity is rapidly increasing.
Overseas new production capacity entering the release period. Jiangsu General Science Technology's Q3 revenue increased by more than 30% year-on-year | Financial interpretations
①Overseas new production capacity is being put into operation one after another, with full orders for semi-steel tires and jiangsu general science technology's revenue scale continuing to expand; ②Company officials stated that in Q3 of this year, the company faced issues such as rising raw material prices, increased marine transportation costs, and high cost amortization. As we enter the fourth quarter, cost pressures have already eased.