On April 19, Qingdao Sen Kirin Tire Co., Ltd. released its report for the first quarter of 2024.
According to the data, in the first quarter, the company achieved operating income of 2.115 billion yuan, a year-on-year increase of 27.59%;
The net profit attributable to the parent company was 504 million yuan, a year-on-year increase of 101.34%.
The net profit after deduction was 497 million yuan, an increase of 106.7% over the same period last year.
From January to March, Sen Kirin Tire completed the output of 8,075,700 tires, an increase of 28% over the same period last year.
Among them, the output of semi-steel tires was 7.7399 million, a year-on-year increase of 26%;
The output of all-steel tires was 335,800, a year-on-year increase of 148%.
It sold 7,607,100 tires, an increase of 15.70% over the same period last year.
Among them, the sales volume of semi-steel tires was 7.2803 million, a year-on-year increase of 12.76%;
The sales volume of all-steel tires was 326,800, an increase of 175.28% over the same period last year.
In 2023, Sen Kirin Tire will increase its profits, achieving revenue of 7.842 billion yuan and net profit of 1.369 billion yuan.
Tire World Network learned that the Morocco factory of Sen Kirin has started, with an investment of up to 2 billion yuan.
After the production is put into production, the company's performance is expected to further improve.