ZC Rubber revenue rose 11.24%

In the first half of 2023, ZC Rubber’s revenue was 17.374 billion yuan (about £1.89 billion; €2.21 billion), an increase of 11.24 per cent from 15.618 billion yuan (£1.7 billion; €1.98 billion) in the same period last year. During the same period, the net profit of ZC Rubber was 1.625 billion yuan (approximately £177 million; €207 million).

According to TyrepressChina.com, regarding revenue, ZC Rubber’s semi-annual performance has not changed much in the ranking of global tyre manufacturers. Ranked ahead of ZC Rubber is Yokohama, whose sales in the first half of the year were 443.2 billion yen (about £2.41 billion; €2.81 billion).

Ranked behind ZC Rubber are Toyo Tires and Cheng Shin Rubber. Toyo Tire’s net sales in the first half of this year were 265.5 billion yen (about £1.44 billion; €1.68 billion). From January to June, Cheng Shin Rubber achieved a revenue of NT$48.2 billion (approximately £1.2 billion; €1.4 billion).

The statistical calibre of each tyre manufacturer is slightly different. However, ZC Rubber’s revenue of 17.374 billion yuan is enough to stabilize it in the ninth position in the world.

The assets and liabilities of ZC Rubber at the end of June 2023 are similar to those halves a year ago. Compared with the end of December 2022, the assets have increased by 1.04 billion yuan (about £113 million; €132 million). Among them, current assets increased by 580 million yuan (about £63 million; €74 million), and non-current assets increased by 460 million yuan (about £50 million; €58 million).

Liabilities did not change much, decreasing from 2.575 billion yuan to 2.556 billion yuan. Among them, current liabilities increased, and non-current liabilities decreased.