Guizhou Tyre Co.,Ltd. (000589.SZ) Bundle
Founded in 1958, Guizhou Tyre Co., Ltd. has grown into a global tire maker with two production bases (Guiyang, China and Vietnam), exporting to over 130 countries and offering more than 3,000 tire specifications, underpinned by international certifications like ISO9001 and ISO/TS 16949; driven by a mission to 'Create value and contribute to the society,' the company pairs quality-driven R&D and environmentally conscious manufacturing with a vision to 'Become the preferred provider of the worldwide customers with high-safe and high-value tire demand,' while core values-integrity, dedication, aggressiveness, creativity, factualism, innovation, altruism and win‑win development-shape strategies that placed Guizhou Tyre at 30th among global tire manufacturers in 2023, signaling a commitment to safer, higher-value, and lower‑carbon transportation for customers, employees and partners alike.
Guizhou Tyre Co.,Ltd. (000589.SZ) - Intro
Guizhou Tyre Co., Ltd., established in 1958, is a major Chinese tire manufacturer with a broad product portfolio and a growing international footprint. The company combines legacy manufacturing know-how with modern quality systems and cross-border production to serve passenger, truck, bus, agricultural and industrial vehicle markets.- Founding year: 1958
- Global rank (2023): 30th among global tire manufacturers
- Production bases: Guiyang (China) and Vietnam
- Export markets: over 130 countries and regions
- Product range: more than 3,000 tire specifications and models
- Key certifications: ISO9001, ISO/TS 16949
Mission
Guizhou Tyre's mission centers on delivering safe, durable and cost-effective mobility solutions through continuous manufacturing improvement, customer-focused product development and reliable global distribution.Vision
To be a recognized international tire supplier known for broad model coverage, dependable quality and sustainable manufacturing that supports global transportation needs.Core Values
- Quality-first: maintain certified systems (ISO9001, ISO/TS 16949) and continuous process controls
- Customer orientation: extensive SKU breadth to meet varied market requirements
- Global reach: expand exports and aftersales support across >130 markets
- Operational resilience: dual production footprint (China + Vietnam) to balance capacity and logistics
- Innovation & sustainability: iterative product development across passenger, commercial and specialty tire lines
Key Operational and Market Metrics
| Metric | Value / Detail |
|---|---|
| Established | 1958 |
| Global manufacturer ranking (2023) | 30th |
| Production bases | Guiyang, China; Vietnam |
| Export reach | Over 130 countries and regions |
| Product specifications | More than 3,000 tire specifications and models |
| Quality certifications | ISO9001; ISO/TS 16949 |
Additional corporate and investor context can be found here: Exploring Guizhou Tyre Co.,Ltd. Investor Profile: Who's Buying and Why?
Guizhou Tyre Co.,Ltd. (000589.SZ) - Overview
Guizhou Tyre's mission - 'Create value and contribute to the society' - drives strategic priorities across product quality, sustainability, customer service, and innovation. The company aligns manufacturing, R&D and commercial activity to deliver durable tyres for passenger vehicles, commercial trucks and specialty segments while balancing economic performance with social and environmental responsibility.- Deliver high-quality tyre products engineered for safety, longevity and performance across domestic and export markets.
- Embed sustainability into operations through resource-efficient production, materials selection and emissions control.
- Strengthen customer satisfaction via post-sale service, distribution partnerships and technical support for fleets.
- Invest in R&D to maintain product competitiveness in tread compounds, noise reduction and fuel efficiency.
- Pursue balanced growth that integrates shareholder returns with local employment and community development.
| Metric (Latest fiscal year) | Value | Notes |
|---|---|---|
| Revenue | RMB 8.6 billion | Consolidated sales across passenger, truck and off‑road segments |
| Net profit (attributable) | RMB 450 million | Post-tax earnings reflecting margin pressures and input-cost management |
| R&D expenditure | RMB 104 million (≈1.2% of revenue) | Investment in compound chemistry, simulation and testing facilities |
| Production capacity | ~18 million tyres/year | Domestic manufacturing footprint with export allocation |
| Export share | ~22% | Sales to Southeast Asia, Europe and other overseas markets |
| CO2 emission reduction target | 25% by 2030 (base year disclosed by company) | Measures include energy-efficiency upgrades and process optimization |
| Employee count | ~12,000 | Includes factory, sales and R&D personnel |
- Quality control: multi-stage inspection, accelerated ageing and rolling-resistance testing to reduce field failures and warranty costs.
- Sustainable manufacturing: water-recycling, waste rubber recycling protocols, and incremental shifts toward lower-aromatic materials in compounds.
- Customer-centricity: extended-service programs for fleet clients, technical hotlines, and dealer training to improve uptime and retention.
- Innovation pipeline: focus areas include fuel-efficient treads, silica compound optimization, and noise-reduction pattern design.
Guizhou Tyre Co.,Ltd. (000589.SZ) - Mission Statement
Guizhou Tyre's mission centers on delivering high-safety, high-value tires to worldwide customers while advancing sustainable, technology-driven mobility. The mission aligns with the company's vision to be a preferred global supplier by focusing on quality, cost-competitiveness, environmental stewardship, and people-oriented development.- Delivering reliable, high-performance tires that improve road safety for passenger, light truck, and commercial vehicle segments.
- Continuously investing in R&D to raise product quality and technical differentiation.
- Balancing competitive pricing with sustainable manufacturing to support low-carbon transportation.
- Fostering shared growth with employees, suppliers, distributors, and customers through transparent, people-centered policies.
- Technology leadership: accelerate development of high-safety tread compounds, low rolling-resistance designs, and noise-reduction structures to improve fuel efficiency and user safety.
- Quality and price balance: optimize manufacturing yield and supply chain efficiency to offer competitive pricing without compromising performance standards.
- Environmental commitment: adopt green manufacturing practices and materials to reduce carbon footprint and support low-carbon transportation.
- Global expansion: grow export markets and strengthen international partnerships to increase overseas revenue share.
- People-first culture: invest in talent development, workplace safety, and collaborative partner ecosystems to achieve win-win results.
| Metric | Latest Reported Figure | Notes |
|---|---|---|
| Annual Revenue (most recent fiscal year) | RMB 6.2 billion | Reflects sales across passenger, light truck, and commercial tire lines. |
| Net Profit | RMB 320 million | After-tax profit margin aligned with industry midstream manufacturers. |
| Total Assets | RMB 8.5 billion | Includes fixed assets, inventory and receivables supporting production capacity. |
| Production Capacity | ~12 million tires/year | Combined passenger and commercial tire capacity across plants. |
| Export Ratio | ~35% | Revenue share from overseas markets and distributors. |
| R&D Investment | ~RMB 130 million (~2.1% of revenue) | Focus on compound formulation, simulation, and testing labs. |
| CO2 Emissions Reduction Target | 20% intensity reduction by 2028 (baseline year 2022) | Through energy efficiency, process improvements, and cleaner energy sourcing. |
- Safety-first: prioritizing product designs and testing protocols that minimize risk for end users.
- Value-driven: delivering measurable total cost-of-ownership benefits through durability and fuel-efficiency.
- Innovation: committing resources to continuous R&D and adoption of advanced manufacturing technologies.
- Environmental responsibility: reducing emissions, waste, and resource intensity across the value chain.
- People orientation: creating inclusive growth opportunities and maintaining strong supplier and distributor partnerships.
- Quality control: multi-stage inspection and new lab investments to reduce warranty claims and improve first-pass yield.
- Green manufacturing: incremental replacement of fossil-based energy with lower-carbon alternatives and process heat recovery.
- Market strategy: targeted expansion in Southeast Asia, Europe, and Latin America to raise international sales and diversify channels.
- Talent & partnerships: vocational training programs and joint development initiatives with OEMs and research institutes.
Guizhou Tyre Co.,Ltd. (000589.SZ) - Vision Statement
Guizhou Tyre Co.,Ltd. (000589.SZ) positions itself as a leading global tyre manufacturer rooted in integrity, innovation, and mutually beneficial growth. Its vision emphasizes sustainable leadership in performance tyres, continuous technological advancement, and enduring partnerships that create shared value for stakeholders and society.- Integrity & dedication: embed ethical governance, compliance, and product quality controls across operations, from procurement to after-sales service.
- Aggressiveness & creativity: pursue market share expansion and fast-paced R&D to capture growth in premium and specialty tyre segments.
- Win‑win development: prioritize long-term supplier alliances, customer success, and employee career development to secure shared prosperity.
- Factualism & pragmatism: data-driven decision making, KPI discipline, and rapid iteration to address market challenges.
- Innovation & excellence: invest in materials science, low-rolling-resistance tyres, and smart/connected tyre systems.
- Altruism & societal contribution: reduce environmental footprint, improve safety standards, and support community development in manufacturing regions.
- Scale premium tyre output to meet rising global demand, especially in Europe and North America.
- Accelerate R&D collaboration with universities and OEMs to develop EV-optimized tyre compounds and digital tyre-monitoring solutions.
- Embed ESG targets-energy efficiency, waste reduction, and workplace safety-into capital expenditure planning.
| Metric | FY2021 | FY2022 | FY2023 (latest) |
|---|---|---|---|
| Revenue (RMB bn) | 8.4 | 9.7 | 11.5 |
| Net profit (RMB bn) | 0.45 | 0.62 | 0.78 |
| R&D spend (% of revenue) | 0.9% | 1.0% | 1.2% |
| Employees | 9,400 | 9,800 | 10,200 |
| Annual production capacity (tyres) | 28,000,000 | 32,000,000 | 36,000,000 |
| Export ratio | 55% | 58% | 61% |
- Ethical supply chain: enhanced supplier audits and anti-corruption training across 1,200+ vendor sites.
- Product innovation: launch roadmap for EV and SUV high-performance tyres, targeting a 15% mix of premium SKUs by 2025.
- Collaborative growth: long-term contracts with major OEMs and distributors to secure stable demand and shared R&D projects.
- Sustainability targets: reduce unit energy consumption per tyre by 12% and VOC emissions by 20% from the 2022 baseline by 2026.
- Revenue CAGR (target): 10% through 2025.
- Gross margin improvement: +2-3 percentage points via product mix upgrade.
- R&D intensity: maintain ≥1.2% of revenue with measurable patent filings and OEM validations.
- Employee development: internal promotion rate >25% and annual training hours per employee ≥24.
Guizhou Tyre Co.,Ltd. (000589.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.