According to the Great Wall Securities Research Report, with volume compensation, Sailun Tire's performance for the full year 2024 is progressing steadily. 1Q25's tire sales increased, and rising natural rubber prices drove costs up year-on-year. The company promotes a global layout, and several projects under construction are gradually put into operation. In 2025, the company will continue to expand global production capacity. Projects under construction include a project with an annual output of 6 million semi-steel radial tires in Mexico, a project with an annual output of 3.6 million radial tires and 37,000 tons of off-road tires in Indonesia, and a project with an annual output of 12 million semi-steel radial tires in Cambodia. Many of these projects are expected to be completed in 2025. Optimistic about the company's global layout and production capacity construction, it is expected that the commissioning of the project will bring new increases to the company's profits. Combined with the company's closing price on June 30, the corresponding PE was 10/8/7 times, respectively. Optimistic about the company's global layout and production capacity construction. It is expected that the commissioning of the project will bring new increases to the company's profits and maintain a “buy” rating.

According to the Great Wall Securities Research Report, with volume compensation, Sailun Tire's performance for the full year 2024 is progressing steadily. 1Q25's tire sales increased, and rising natural rubber prices drove costs up year-on-year. The company promotes a global layout, and several projects under construction are gradually put into operation. In 2025, the company will continue to expand global production capacity. Projects under construction include a project with an annual output of 6 million semi-steel radial tires in Mexico, a project with an annual output of 3.6 million radial tires and 37,000 tons of off-road tires in Indonesia, and a project with an annual output of 12 million semi-steel radial tires in Cambodia. Many of these projects are expected to be completed in 2025. Optimistic about the company's global layout and production capacity construction, it is expected that the commissioning of the project will bring new increases to the company's profits. Combined with the company's closing price on June 30, the corresponding PE was 10/8/7 times, respectively. Optimistic about the company's global layout and production capacity construction. It is expected that the commissioning of the project will bring new increases to the company's profits and maintain a “buy” rating.