General Rubber's H1 Earnings Exceed 170 Million!

July 14, General Rubber (601500) released the 2026 semi-annual performance forecast increase announcement. Against the headwind of intensifying global tariff games, the company achieved a major breakthrough in performance with strong 'overseas resilience'. According to preliminary calculations, the company expects net profit attributable to shareholders of the parent company to reach 138 million to 178 million yuan, a year-on-year increase of 114.66% to 176.88%; non-recurring net profit is expected to be 137 million to 177 million yuan, a year-on-year surge of 176.51% to 257.24%.

Leveraging dual bases in Thailand and Cambodia to hedge foreign trade barriers

Facing stacked tariffs on semi-steel tires on China-US trade up to 188.76% and EU order transfers, General Rubber's forward-looking overseas base layout has become a profit engine. In the first half, the Thailand base's single-month shipments in May broke 1 million tires, setting a new record high, mass production of the first ultra-high performance 28-inch tire in June; Cambodia base sales volume increased by 20% year-on-year, Phase II project achieved production and increased efficiency. Meanwhile, the company is steadily advancing the site selection for the third overseas base, a global layout with diverse growth points effectively diversified trade risks and increased the share of high gross margin markets globally.

Material breakthrough and AI efficiency improvement, optimize profit structure

Focusing closely on 'new quality productive forces', General Rubber is exerting efforts in both materials and intelligent manufacturing. On the material end, released the 'Super Eucommia Tire' in March to enter the new energy replacement market, proportion of high-value-added products climbed; on the intelligent manufacturing end, the company fully accelerated AI penetration, landed the 'All-Steel X-ray Defect Detection' project with Lenovo, and jointly built the 'General Artificial Intelligence Application Innovation Laboratory' with Nanjing CAS, significantly improving yield rates and compressing manufacturing costs with algorithms and computing power.

Cross-boundary marketing breakthrough, brand elevation and channel deepening

On the marketing end, the company launched a combination of 'integration of brand and effect'. In the domestic market, Qianlima tires leveraged the 2026 'Jiangsu Super League' to explore 'Technology + Sports' breakthrough, Chitu Ma raced in the Ring of Tarim Rally to solidify its professional image; channels empowered terminal stores relying on the 'Far Voyage Action'. Internationally, the company appeared at the Canton Fair and Cologne Tire Show, for the first time pushing Eucommia tires overseas.