On June 7th, the National Equities Exchange Corporation released the preliminary screening list of the fourth batch of innovative layer listing companies in 2023, among which Fengyuan Tire was listed. According to the public announcement, the total R&D expenses of Fengyuan Tire in the past two years have exceeded 80 million yuan, meeting the R&D standards for listing on the Beijing Stock Exchange.
According to relevant regulations, if a company wishes to apply for listing on the Beijing Stock Exchange, it must meet the following requirements: firstly, the company must be an innovation level listed company that has been continuously listed on the New Third Board for at least 12 months. Secondly, the expected market value and financial condition of the enterprise must meet the entry threshold for listing.
On May 4, 2018, Shandong Fengyuan Tire Manufacturing Co., Ltd. officially listed on the New Third Board.
From January to December 2022, Fengyuan Tire achieved a revenue of 1.287 billion yuan, a year-on-year increase of 6.78%. In terms of profits, although Fengyuan is still in a loss state, it has decreased by 81.94% year-on-year compared to the loss of 160 million yuan in 2021.
The financial report shows that in 2023, Yuanyuan will continue to increase the annual sales price, strengthen Inventory control, make every effort to clean up long-term inventory, and enhance the ability of marketing to create efficiency. At the same time, in order to promote sales, Fengyuan Tire will actively expand its domestic channels and overseas markets. In terms of domestic channels, we need to strengthen communication between enterprises and businesses, quickly establish new marketing networks while maintaining the original channel construction, and form a larger channel radiation to continuously shorten the stocking cycle, ensure logistics efficiency, improve customer satisfaction, and ensure a long-term customer fulfillment rate of over 95%. At the same time, increase the promotion of its new brand Akron to form a new price advantage. In terms of overseas markets, Fengyuan will continue to promote overseas OEM projects to increase its layout in the global tire market.
Disclaimer: The image materials and articles on this platform come from the internet, so the copyright belongs to the original author. If any infringement is caused to your copyright and interests, please contact us. We apologize deeply and promptly delete it. Article source: Rubber Valley
Latest news
- The Combination and Foaming Process of
- Famous tire enterprise with multiple d
- Ministry of Commerce Initiate a final
- The Effect of Carbon Black on the Cutt
- Stop work orders encounter rising pric
- Lanzhou Petrochemical's carboxylated n
Contact us
- ADD: Room 4210, CEC Business Hall, No. 121-4, Nanjing South Street, Heping District, Shenyang
- TEL: 13644907299
- FAX: 024-25361668
- E-mail: boss@long-green.cn
> Industry news