Tire plate usher in the good old days

In the relatively recent market downturn, but tire plate stock rise, with Qingdao Double Star (10.10, -0.07, -0.69%, right) was closed on Thursday after trading, Qian Luntai, Aeolus shares (18.08, -0.22, -1.20% Right), and so on up together, even for the early fall of the Yellow Sea ST are also trading up. Tire plate recent strength of high-profile changes.

Tire prices expected strong

In recent years, due to raw materials, energy and transportation costs, in 2007, following an international brand tire price increases across the board, at the beginning of 2008, more than the international giant tire announce another price increase. At the same time, the cost of raw materials in the tire driven by price increases, as well as international brand tires background, the conduction of the effects of tire prices in the domestic market began to show. The largest all-steel radial tire production companies, one of the Aeolus shares in the New Year's Day has just passed in 2008, has taken the lead in the industry in price increases of 3% -5%. It can be expected, with the world's tire manufacturing center in China to the Asian market, led by the transfer, coupled with China's automobile production and sales of explosive growth, greatly stimulating the demand for tires, tires domestic product price structure will become more apparent .

Tire companies benefit from price increases demand and cost-push impact of the dual, which factors in the double in 2008 will continue, the ability to increase tire business growing. In fact, the recent disclosure of the 2007 Annual Report of the tires of several listed companies successful performance. Aeolus shares in 2007 revenue and net profit increased 18.54 percent year on year and 510.92%; S-best (11.98, -0.15, -1.24%, right) and Qingdao Double Star's performance also increased. It is clear that the industry's strong economy, the main product price increases which are several tire manufacturers significantly increase the performance of the main reasons. In recent years, 10% of the radial tire exempt from consumption tax, the abolition of the administrative examination and approval projects, such as tire with the support of preferential policies, China's tire industry has been rapid development. According to the China Rubber Industry Association show that China's tire market is the world's fastest-growing domestic tire industry in the future growth performance is worth looking forward to.

At present, China's tire market in high-end, state-owned and state-holding enterprises more than 10, while the foreign capital and foreign-controlled enterprises have been included Michelin France, Japan, Bridgestone, Goodyear of the United States and other industries, including the Big Three More than 20 companies. From the domestic tire companies, large enterprise groups, improved concentration, the output of the top 10 companies account for the production of radial radial tire for more than 77% of the total. These large enterprise groups in the future in the tire industry is most concerned about. Typical of such shares of Aeolus, the company focused on the future development of all-steel radial tire to determine the radial tire and engineering.

With the meridian of our continuous improvement in the rate, the radial ushered in a golden development period, as shares of Aeolus leading enterprises benefit from clear. Fengshen shares at the same time will work in the field into the radial tire, through the construction of 150,000 sets of radial tire engineering firm to the company's industry leading status and become a new profit growth point. In addition, Qingdao Double Star, Qian Luntai the future development of the cause for concern.