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On July 21, the Fortune China website released the 2026 Fortune China Top 500 ranking. Among the 20 companies from Shandong listed this year, Zhongce Rubber Group and Sailun Group appeared on the list together as excellent representatives of the tire industry. Among them, Zhongce Rubber ranked 343rd with an operating revenue of 6,254.6 million USD, and Sailun Group ranked 399th with an operating revenue of 5,118.8 million USD. The strong listing of these two leading tire enterprises not only demonstrated their own robust growth resilience but also reflected the core strength of China's tire industry moving towards high-end and globalization.
Zhongce Rubber: Revenue and Net Profit Double Growth, Significant Results in Globalization and AI Empowerment
As the domestic tire leader, Zhongce Rubber's first annual "report card" submitted after listing on the capital market was quite eye-catching. In 2025, the company achieved operating revenue of 44.956 billion yuan, a year-on-year increase of 14.52%; net profit reached 4.147 billion yuan, a year-on-year increase of 9.51%; deducted non-recurring net profit surged significantly by 22.15% to 4.058 billion yuan. While performance increased significantly, the company announced a generous dividend plan exceeding 1.2 billion yuan, with a dividend ratio as high as 30.15%.
Zhongce Rubber's performance boom stems from the full bloom of core businesses. As the world's largest all-steel tire manufacturer, its global market share of all-steel tires is about 12%, with overseas sales growth exceeding 20%; semi-steel tire business volume and price rise together. The biggest highlight lies in the "quality change" of the new energy vehicle supply market. In 2025, new energy passenger vehicle supply tires exceeded 10.7 million units, becoming the largest tire supplier for leading brands such as BYD and Xpeng. In terms of production and sales, the annual production and sales rate reached as high as 102%, and the capacity utilization rate of all-steel tires was nearly at full load. Relying on an R&D heavy investment of 1.543 billion yuan, the company vigorously develops AI technology full-chain applications and "future factory" construction. At the same time, the globalization layout effectively hedges against trade risks, with overseas revenue accounting for 48%. Thailand and Indonesia bases have been put into production, and the new base in Vietnam is also being promoted.
Sailun Group: Globalization Builds a Stabilizer, Brand Jumps to First Place in China
Sailun Group also demonstrated strong momentum of leapfrog development. In 2025, Sailun achieved operating revenue of 36.792 billion yuan, a year-on-year increase of 15.69% creating a new historical high; net profit attributable to shareholders reached 3.522 billion yuan. Net cash flow from operating activities increased significantly by 82.58% year-on-year to 4.179 billion yuan, fully demonstrating its cash-generating power. The company plans to distribute cash dividends of 1.085 billion yuan, continuing high-proportion dividends.
As the first tire enterprise to build factories overseas in China, Sailun's overseas main business income in 2025 reached 28.226 billion yuan, a year-on-year increase of 18.54%, with overseas planned capacity scale firmly ranking first among China's tire enterprises. In terms of technological innovation, the company's R&D investment reached 1.147 billion yuan, relying on core technologies such as "Liquid Gold" and industrial implementation in the ultra-large tire field, continuously broadening the moat. The effect of brand dimension upgrade is significant. In Brand Finance's "2025 Global Most Valuable Tire Brands List", Sailun ranks 10th, becoming the highest-ranked Chinese tire brand. Entering the first quarter of 2026, Sailun's revenue and net profit continued to double increase, gross profit margin rose to 26.86%, realizing a key leap from cost advantages to comprehensive competitiveness.
In the 2026 Fortune China Top 500 list, Zhongce Rubber and Sailun Group successfully made the list due to their outstanding performance in new energy supply, global capacity layout, AI intelligent manufacturing, and core technology breakthroughs. The bright performance of the two enterprises not only verified the high-quality development of China's tire enterprises, but also set a positive benchmark for the industrial upgrading and globalization outbound of China's manufacturing industry.
