As a leading company in the domestic tire industry, Sailun Tire has a unique development history and remarkable operating results.
It was established on November 18, 2002 and listed on the Shanghai Stock Exchange on June 30, 2011. Its registered address and office address are both in Qingdao City, Shandong Province.
Sailun Tire’s core business is the research and development, production and sales of tire products. Its “liquid gold” tire technology has built a core competitive barrier. The Shenwan industry it belongs to is automobiles – auto parts – tires and wheels. Its conceptual sectors include the ASEAN Free Trade Area, social security and pro-cyclicality.
In terms of operating performance, Sailun Tire performed well in 2025.
Operating income reached 36.792 billion yuan, ranking 2/22 in the industry, second only to the industry leader Zhongce Rubber (its revenue was 44.956 billion yuan). The industry average was 10.395 billion yuan, and the median was 5.119 billion yuan.
Among the main business components, tire products accounted for 98.94% with 36.403 billion yuan, and other (supplementary) 389 million yuan accounted for 1.06%.
Net profit was 3.617 billion yuan, ranking 2/22 in the same industry. Zhongce Rubber, which ranked first in the industry, had a net profit of 4.147 billion yuan. The industry average was 701 million yuan and the median was 294 million yuan.
From the perspective of financial status and solvency, Sailun Tire’s asset-liability ratio in 2025 is 50.06%, compared with 48.93% in the same period last year, which is higher than the industry average of 48.09%.
In terms of profitability, the gross profit margin in 2025 will be 24.68%, compared with 27.58% in the same period last year, which is higher than the industry average of 18.32%.
The management situation of Sailun Tire is also worthy of attention.
Its controlling shareholder and actual controller are both Yuan Zhongxue.
Chairman Liu Yanhua, female, born in 1973, has a bachelor’s degree and is a certified public accountant. She has served as manager of Shandong Huide Accounting Firm and currently serves as chairman and executive director of many companies.
The salary in 2025 is 1,822,500 yuan, a year-on-year decrease of 7,800 yuan from 1,830,300 yuan in 2024.
President Xie Xiaohong, male, born in 1970, bachelor’s degree, senior engineer, once served as deputy general manager of Fengshen Tire, and currently serves as president of Sailun Group.
The salary in 2025 is 1.8189 million yuan, a year-on-year decrease of 17,300 yuan from 1.8362 million yuan in 2024.
In terms of shareholders, as of December 31, 2025, the number of A-share shareholders of Sailun Tire was 42,100, a decrease of 11.21% from the previous period; the average number of circulating A shares held by each household was 78,200, an increase of 12.63% from the previous period.
As of March 31, 2026, among the top ten tradable shareholders of Sailun Tire, Hong Kong Securities Clearing Company Limited ranked as the third largest tradable shareholder, holding 122 million shares, a decrease of 48.752 million shares compared with the previous period.
E Fund Consumer Industry Stock (110022) ranks as the sixth largest circulating shareholder, holding 38.1828 million shares, a decrease of 23.4129 million shares compared with the previous period.
Huatai-Berry CSI 300 ETF (510300), E Fund CSI 300 ETF (510310), and Wells Fargo Tianhui Growth Mixed (LOF) A/B (161005) have withdrawn from the top ten tradable shareholders.
China Post Securities pointed out that on April 27, 2026, Sailun Tire released its 2025 annual report and 2026 first quarter report. Revenue in 2025 was 36.792 billion yuan, a year-on-year increase of 15
.69%; net profit was 3.522 billion yuan, a year-on-year decrease of 13.30%; 2026Q1 revenue was 9.461 billion yuan, a year-on-year increase of 12.48%, and net profit was 1.056 billion yuan, a year-on-year increase of 1.72%.
The business highlights are as follows: First, both production and sales are booming, with both domestic and overseas revenue reaching new highs in 2025, with tire production and sales increasing by 10.33% and 12.44% year-on-year respectively; second, the “liquid gold” technology has built barriers and has become a qualified supplier for many mainstream car companies, and the layout of new energy supporting equipment has been accelerated; third, the global production capacity layout has been accelerated, with the first tires rolled off the assembly line in overseas bases such as Indonesia and Mexico, and domestic and foreign projects are advancing in an orderly manner.
CICC pointed out that the company’s performance in 2025 has declined due to trade barriers and other factors, and its first quarter report performance in 2026 is in line with expectations.
The business highlights are as follows: First, it maintains rapid growth in global production capacity, has a large overseas production capacity layout, and continues to announce new project expansions from 2025 to 2026; second, its cash flow is strong, and continued investment in product research and development, brand and sales network construction is expected to form a positive cycle.
The agency lowered its net profit in 2026 by 13.0% to 4.133 billion yuan, introduced a net profit of 5.077 billion yuan in 2027, maintained an outperform rating, and the target price remained unchanged at 16.3 yuan.
