SAILUN GROUP(601058) 犀牛财经·2025-05-14 07:12Core Insights - Sailun Group Co., Ltd. reported record high core operating metrics for 2024, achieving operating revenue of 31.802 billion yuan, a year-on-year increase of 22.42%, and a net profit attributable to shareholders of 4.063 billion yuan, up 31.42% [1] - The company also reported a tire production volume of 74.811 million units and sales volume of 72.156 million units, with increases of 27.59% and 29.34% respectively [1] Revenue Breakdown - Domestic sales revenue reached 7.552 billion yuan, a year-on-year increase of 19.90%, with a 30% growth in the number of domestic tire stores by the end of 2024 [4] - Export sales revenue was 23.811 billion yuan, up 23.60%, with a gross margin of 29.88% [2] - The company entered the supply chains of several automotive manufacturers, including BYD, Chery, and Geely, with non-dealer channel revenue increasing by 83% [4] R&D Investment - R&D investment for 2024 was 1.013 billion yuan, a year-on-year increase of 20.82%, with the launch of several high-end tire products [3] - In Q1 2025, R&D investment was 259 million yuan, reflecting an 18% increase [3] Global Expansion - Sailun is accelerating its global capacity layout, with planned production capabilities of 27.65 million all-steel radial tires, 106 million semi-steel radial tires, and 447,000 tons of non-road tires by the end of 2024 [2]