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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