South China Tire & Rubber Co., Ltd. Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

-The Company produced 11.03 million tires in 2014, 2.7% year-on-year increase. The Company sold 11.64 million tires in 2014, 6.89% year-on-year increase. The Company gained 3.037 billion yuan revenue for its main business in 2014. (From news releases issued by multiple sources on January 22, 2015)

Off Production Line

-The Company announced that its 100 millionth Wanli series tire rolled off its production line in September 2014. (From a press release on September 26, 2014)


R&D Facility

-The Company's testing center was recognized by China National Accreditation Board for Laboratories (CNAS) and bacame national testing center in 2006.

Investment Activities

-Hefei Wanli Tire Co., Ltd., a new joint venture between Guangzhou Fengli Rubber & Tire Co., Ltd. (subsidiary of the Company) and JAC, held a cornerstone laying ceremony in Changfeng County, Hefei in February 2015. The new plant, which will be established on a 333,350-square-meter-plot, will produce green radial tires for trucks. Investment in this project is expected to reach CNY 2 billion. Construction will begin in June 2015 and is planned to be completed by December 2016. The joint venture will be capable of producing 2 million steel radial tires per year. (From a press release on February 12, 2015)

-Guangzhou Fengli Rubber & Tire Co., Ltd., a subsidiary of the Company, announced that it began plant expansion work at the Guangzhou Conghua Aotou Industrial Zone in August 2014. The expansion is expected to increase the facility’s capacity to produce green eco high-performance radial tires by 10 million units per year. The company is investing CNY 2,008 million in this project that is expected to be completed by the end of December 2015. (From a press release on September 11, 2014)