Tyre manufacturer Aulice lists on NEEQ

Tyre manufacturer Hubei Aulice officially listed on the National Equities Exchange and Quotations (NEEQ) and can publicly transfer its shares.

Aulice’s products are all-steel radial tyres (generally truck products) and bias tyres. Among them, the revenue of all-steel radial tyres accounts for more than 80 per cent. In 2022, the company’s revenue and net profit were 1.55 billion yuan (approximately £170 million; €200 million) and 47 million yuan (about £5.3 million; €6 million).

Tyrepress China learned that Aulice has two production bases in Hubei, located in Yangxin Economic Development Zone and Xianning High-tech Industrial Development Zone. It is reported that the Yangxin base is where the company’s headquarters is located, with a designed production capacity of 1.2 million sets of all-steel radial tyres. At the same time, the manufacturing base can also produce 150,000 sets of engineering vehicle tyres and 600,000 sets of agricultural vehicle tyres per year (a total of 750,000 sets of bias tyres). In 2022, the Yangxin production base’s production capacity utilisation rates for all-steel radial and bias tyres were 120.8 per cent and 53 per cent.

The Xianning production base is operated by Hubei Jintian, a subsidiary of Aulice, and can produce 1.5 million sets of all-steel radial tyres annually. In May 2022, the production base was officially put into operation. According to statistics, the capacity utilisation rate of the Xianning production base in 2022 was 34.16 per cent.

Information shows that Aulice is controlled by four people who are related to each other: Zhao Wandian, Zhao Wanchang, Zhu Dianwu, and Zhu Jun. Among them, Zhao Wanchang serves as the chairman, Zhao Wandian serves as the director and general manager, Zhu Dianwu serves as the director and deputy general manager, and Zhu Jun serves as the director.