On April 26, Sailun Group Co., Ltd. released its 2023 annual report.
According to the report, the company achieved operating income of 25.978 billion yuan that year, a year-on-year increase of 18.61%;
The net profit attributable to the parent company was 3.091 billion yuan, and the growth rate greatly exceeded the revenue, reaching 132.07%.
During the reporting period, the production and sales of semi-steel tires, all-steel tires and off-highway tires of Sailun Group reached a record high.
Its profitability has increased significantly, and the gross profit margin of tire products reached 27.84%, an increase of 9.43% year-on-year.
The continuous promotion of the globalization strategy has become the key to the growth of Sailun's overseas market volume.
Its export revenue reached 19.265 billion yuan, a year-on-year increase of 12.99%, accounting for 74.16% of the total operating income.
During the same period, the revenue growth and gross profit margin of Sailun off-highway tires were higher than those of all-steel tires and semi-steel tires.
The company's "liquid gold" tires have also been widely praised in the supporting market and have been praised by many OEMs.
In 2023, Sailun Tire will gradually narrow the premium gap with the world's first-class brands through brand building.
The company actively participates in international trade fairs and appearances at sporting events and media events to enhance the brand's international presence.
In the same year, Sailun Tire was selected as one of the "500 Most Valuable Brands in China" and one of the "Top 500 Asian Brands".
It ranks 11th in the "2023 World's Most Valuable Tire Brand List", becoming the most valuable tire brand in China.