PRINX CHENGSHAN: NOTICE OF ANNUAL GENERAL MEETING
PRINX CHENGSHAN: Annual Report 2024
[Brokerage Focus] CITIC SEC: After the USA's increased tariffs, China’s tire industry may expand its market share based on cost price advantages.
Jinwu Financial News | CITIC SEC's Research Reports indicate that on April 2 local time, Trump announced "reciprocal tariffs". After reviewing a series of recent tariff policies in the USA, CITIC SEC believes that in the future, US imports of tires are likely to face a unified tariff of 25% while being exempt from "reciprocal tariffs". The US tire market relies 2/3 on overseas imports, and building domestic tire production capacity in the USA takes a long time and poses significant challenges. If the current tariff policy is successfully implemented, Chinese tires, benefited from significant cost advantages and lower product prices, as well as competitive advantages over other overseas tire manufacturers in the US market, are expected to expand their market share. Chinese tires currently account for a significant share of the tires imported into the USA.
Lacklustre Performance Is Driving Prinx Chengshan Holdings Limited's (HKG:1809) Low P/E
PRINX CHENGSHAN (01809) announced its annual performance, with a net profit attributable to Shareholders of 1.312 billion yuan, an increase of 26.94% year-on-year.
PRINX CHENGSHAN (01809) announced the annual performance for the year ending December 31, 2024, with revenue of 109....
Express News | Prinx Chengshan Holdings FY Net Income RMB 1,312 Million
PRINX CHENGSHAN: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
Prinx Chengshan to Discuss Annual Results and Dividend
PRINX CHENGSHAN: NOTICE OF BOARD MEETING
Investors Five-year Returns in Prinx Chengshan Holdings (HKG:1809) Have Not Grown Faster Than the Company's Underlying Earnings Growth
Prinx Chengshan's US Unit Recalls Snow Tires Over Safety Issue; Shares Fall 3%
Prinx Chengshan Announces Major Tire Recall in North America
Express News | Prinx Chengshan - Unit Notified National Highway Traffic Safety Administration of U.S. Department of Transportation
Express News | Prinx Chengshan Holdings Ltd - Voluntary Recall of Tires
Express News | Prinx Chengshan - Update on Determination on Anti-Dumping Investigation
Sealand: High-end transformation is the key factor of the next wave of tire opportunities.
After experiencing the first differentiation achieved through overseas base layout, domestic tire companies are very likely to usher in the second differentiation marked by high-end transformation.
Is Prinx Chengshan Holdings (HKG:1809) Using Too Much Debt?
PRINX CHENGSHAN: INTERIM REPORT 2024
The profitability of Prinx Chengshan (1809.HK) continues to improve, continuously unleashing its potential.
On August 23, Prinx Chengshan (1809.HK) announced its mid-term performance for 2024. The financial report shows that Prinx Chengshan achieved a revenue of approximately 5.363 billion yuan, a year-on-year growth of 23.7%; gross profit of 1.32 billion yuan, a year-on-year growth of 60.4%; shareholder's net income of 0.811 billion yuan, a significant year-on-year increase of 148.0%, with a net profit margin of 15%. In addition, Prinx Chengshan declared a interim dividend of HKD 0.15 per share. Since last year, the downstream demand in the tire industry has remained strong, and tire companies have accelerated capacity expansion and innovation of products, highlighting the Matthew effect. Prinx Chengshan stands out and delivers strong performance.
Returns on Capital Paint A Bright Future For Prinx Chengshan Holdings (HKG:1809)