Sailun is super-excellent. The third-quarter performance ranking of tire companies is released.

Recently, the third quarter and January-September financial data of domestic tire companies have been released. We rank the sales, net profit and year-on-year changes of each company for your reference.

Sales rankings for the third quarter

1. Sailun Tire’s third-quarter sales surpassed Linglong

In the third quarter, Chengshin Rubber ranked first with an operating income of 5.577 billion yuan. Linglong Tire’s sales were approximately 4.277 billion yuan, which was lower than Sailun Tire’s 4.6 billion yuan. Sailun Tire performed better than Linglong Tire in the third quarter.

According to data, Linglong’s total operating income in the third quarter was approximately 4.277 billion yuan, a year-on-year decrease of 14.52%, while Sailun’s operating income for the quarter was approximately 4.6 billion yuan, an increase of 5.21% year-on-year.

According to industry analysts, the “counter-attack” of the racing round is mainly due to the economic recovery in Europe and America this year, and the sales of the racing round in overseas markets have greatly increased, thereby boosting the overall results of the racing round.

2. Double Star Tire’s sales soared by 31.64%

In the third quarter of this year, most tire companies had negative growth compared to the same period last year, while Doublestar Tire’s “Out of the ordinary” grew by 31.64%.

January-September Sales Ranking

1. Chengshin Tire has the highest sales from January to September

Although the performance of the third quarter round was better than that of Linglong, if the results of the first six months are added, the performance of Linglong Tire is still slightly better than that of the round. Zhengxin Rubber surpassed other companies with 17.813 billion yuan in sales.

2. From January to September, the sales of General have the highest year-on-year growth.

In the first half of this year, contrary to the year-on-year changes in the third quarter, most tire companies are growing.

Net profit rankings for the third quarter

1. Sailun tires have the highest net profit

According to the net profit ranking of tire companies, the net profit of Sailun Tire in the third quarter was about 300 million yuan, ranking first.

2. The net profit of all tire companies plummeted

Among tire companies’ year-on-year changes, in the third quarter, tire companies’ net profit growth was all negative.

January-September Net Profit Ranking

1. From January to September, the net profit of Sailun Tire is higher than that of Linglong Tire

According to the list, whether in terms of net profit from the third quarter or from January to September, Sailun Tire “surpassed” a little to Linglong Tire.

2. All companies have negative growth from January to September

According to the financial reports released by various companies, whether it was the third quarter or January-September, all companies had negative growth in net profit, mainly due to the sharp rise in raw materials.

For example, Linglong Tire mentioned that due to the price fluctuations of main raw materials such as natural rubber and synthetic rubber, the company’s comprehensive procurement costs for the five main raw materials of natural rubber, synthetic rubber, carbon black, steel cord, and cord fabric in the third quarter compared to 2021. A decrease of 0.05% in the second quarter and an increase of 24.77% year-on-year in the third quarter of 2020.

How many tires did the company sell in the third quarter?

Summarize

Based on the above financial data, due to factors such as poor sales this year, power and production restrictions, and rising raw materials, compared with last year, all tire companies have “blood loss”.

Under this circumstance, tire companies can only use the method of raising tire prices to balance their revenues and expenditures. In October, many companies have successively issued two or three price increase notices.

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