On April 16, Zhongce Rubber released its 2025 annual report and handed over its first annual “report card” after listing in the A-share market. The results were very impressive.
The annual report shows that in 2025, Zhongce Rubber will achieve operating income of 44.956 billion yuan, a year-on-year increase of 14.52%; net profit attributable to the parent company is 4.147 billion yuan, a year-on-year increase of 9.51%; net profit after non-attribution to the parent company is 4.058 billion yuan, a year-on-year increase of 22.15%.
Such excellent financial data fully demonstrates Zhongce Rubber’s strong competitiveness and good development trend in the market.
Zhongce simultaneously launched a high dividend plan, planning to distribute cash of 14.3 yuan (tax included) for every 10 shares, with a total cash distribution of 1.251 billion yuan, and a dividend rate of 30.15%.
This move takes into account shareholder returns, production capacity expansion, and global layout capital needs, reflecting the company’s emphasis on shareholders’ interests and reasonable planning for future development.
From a product perspective, the core tire business performed strongly.
The revenue of all-steel tires was 20.545 billion yuan (+14.13%), and the revenue of semi-steel tires was 15.653 billion yuan (+15.41%). Special tires, two-wheel tires, etc. all achieved double-digit growth, and the main tire business accounted for 87.55%.
This shows that Zhongce Rubber has obvious technical and market advantages in the tire field, and its products are well recognized by the market.
In terms of market layout, domestic revenue was 23.279 billion yuan (accounting for 51.78%), surpassing overseas markets for the first time, and the domestic and foreign sales structure became more balanced.
This change reflects Zhongce Rubber’s emphasis on and in-depth development of the domestic market, and also reduces the risks brought by international market fluctuations to a certain extent.
In terms of supporting new energy vehicles and supporting mid-to-high-end models, Zhongce Rubber will further deepen its cooperation with leading new energy vehicle companies such as BYD, Chery, Geely, and Leapmotor in 2025. The sales scale of supporting business will increase significantly, and the total sales of tire supporting products throughout the year will exceed 25 million units.
This not only provides strong support for the development of the new energy automobile industry, but also opens up new business growth points for Zhongce Rubber.
Zhongce Rubber was founded in 1992 and is headquartered in Hangzhou. It is the largest tire manufacturing company in China and one of the top ten in the world. It is mainly engaged in the research and development, production and sales of all-steel truck tires, semi-steel passenger tires, special tires and two-wheel tires.
On June 5, 2025, the company was listed on the main board of the Shanghai Stock Exchange, raising net funds of 3.933 billion yuan, becoming the largest IPO in the tire industry that year.
The first annual “report card” released this time undoubtedly laid a solid foundation for its future development and also made the market full of expectations for the future of Zhongce Rubber.
