On October 19, Qingdao Sen Kirin Tire Co., Ltd. released its report for the first three quarters of 2024.
Tire World Network learned that the company's revenue and profit in the first three quarters hit a new high, achieving double-digit growth.
According to the data, from January to September, Sen Kirin Tire achieved operating income of 6.34 billion yuan, a year-on-year increase of 10.42%;
net profit attributable to shareholders of listed companies was 1.726 billion yuan, a year-on-year increase of 73.72%.
The net profit of non-recurring gains and losses was 1.718 billion yuan, an increase of 79.43% over the same period last year.
As of the end of September, its total assets reached 16.781 billion yuan, an increase of 7.23% from the end of the previous year.
In the first nine months, Sen Kirin completed the output of 24.2431 million tires, an increase of 14.05% over the same period of the previous year;
The sales of tires were 23.3581 million, a year-on-year increase of 7.88%.
Among them, the production and sales of all-steel tires increased by 26.1% and 30.1% respectively, showing strong market competitiveness.
During the reporting period, the company continued to reengineer its internal processes to improve production efficiency and product quality.
In overseas markets, its high-quality, high-performance semi-steel tire products continue to be in short supply.
On September 30, Qin Long, chairman of Sen Kirin Tire, announced that the first batch of tires at the Morocco plant officially rolled off the production line.
The completion and operation of this smart tire plant is expected to drive further growth in its performance.