On February 2, Hantai Tire announced its 2022 financial report.
The data shows that last year, the company's global sales reached 8394.2 billion won, up 17.5% year on year (the same below), a record high; Operating profit was 705.7 billion won, up 9.9%.
It is reported that in the first half of 2022, in the face of the global situation of high raw material costs and global supply chain disruption, the expansion of high value-added products and strong pricing strategies have driven the annual sales to a new high. As the cost of raw materials and logistics stabilized in the second half of the year, the favorable exchange rate situation and the increase in demand for original tires boosted profits.
Last year, the sales of 18-inch and above passenger car tyres accounted for 40.8% of the total sales of Hantai passenger car tyres, with a year-on-year increase of 3.1%.
On the whole, the share of Hantai tire in the electric vehicle (EV) tire market will increase significantly in 2022.
The goal of Hantai Tire in 2023 is to achieve a year-on-year growth of more than 5%, and increase the proportion of large-size tires in the total sales of passenger car tires to 45%.
The company also plans to increase the share of the original supply of electric vehicle tires to 20% in all OE matching contracts for passenger cars and light trucks.
Disclaimer: The image materials and articles of this platform are from the network, so the copyright belongs to the original author. If it infringes your copyright and interests, please contact us, we apologize and delete it quickly. Source: Rubber Technology Network
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