轮胎行业业绩整体向好：需求回暖与成本下降双重驱动

轮胎行业业绩整体向好：需求回暖与成本下降双重驱动

Tire Industry Performance Improves: Dual Drivers of Demand Recovery and Cost Reduction

2023年轮胎行业迎来业绩复苏 | Tire industry sees performance recovery in 2023

根据最新财报数据显示，2023年轮胎产业链上市公司呈现良好发展态势。玲珑轮胎2023年净利润同比增长376.88%，2024年一季度净利润同比增长106.32%。公司表示，随着全球汽车产业链复苏和出行活动恢复，轮胎需求回暖，行业景气度不断提升。

According to the latest financial reports, listed companies in the tire industry chain showed positive development in 2023. Linglong Tire reported a 376.88% year-on-year increase in net profit for 2023 and a 106.32% growth in Q1 2024. The company attributed this to the recovery of global automotive supply chains and increased travel activities, leading to rebounding tire demand and improving industry conditions.

业绩增长的两大关键因素 | Two key drivers of performance growth

轮胎行业业绩增长主要来自：1) 下游需求复苏：内销和出口较2022年强势恢复，特别是国内轮胎出口表现远超预期；2) 原材料价格下降：缓解了企业成本压力。轮胎模具龙头企业豪迈科技2023年净利润16.12亿元，同比增长34.33%。

The performance improvement stemmed from: 1) Downstream demand recovery: Both domestic sales and exports rebounded strongly compared to 2022, with tire exports exceeding expectations; 2) Raw material price declines: Easing cost pressures. Industry leader Himile reported 2023 net profit of 1.612 billion yuan, up 34.33% year-on-year.

2024年面临的新挑战 | New challenges in 2024

进入2024年，天然橡胶和炭黑等主要原材料价格持续上涨，3-4月行业掀起涨价潮。分析师指出，虽然一季度行业保持高景气，但二季度进入传统淡季，原料价格虽有所回落但仍处高位，企业盈利可能承压。

In 2024, rising prices of key materials like natural rubber and carbon black led to industry-wide price increases in March-April. Analysts note that while Q1 maintained strong performance, Q2 enters the traditional off-season with material prices remaining elevated, potentially pressuring profits.

绿色转型成为行业新趋势 | Green transformation emerges as new trend

在业绩向好的同时，轮胎企业加速绿色低碳转型：
- 玲珑轮胎推出可持续材料占比超80%的环保概念胎
- 赛轮集团发布两款高比例可持续材料轮胎，并制定2050年实现100%可持续材料的目标
- 阳谷华泰启动生物基橡胶助剂项目，用农业废弃物替代石油基材料

Amid performance improvements, tire companies are accelerating green transformation:
- Linglong launched eco-concept tires with over 80% sustainable materials
- Sailun Group released two high-sustainability tires, targeting 100% sustainable materials by 2050
- Yanggu Huatai initiated bio-based rubber additive projects using agricultural waste

新能源应用助力可持续发展 | New energy applications support sustainable development

大业股份200兆瓦风电项目获批，建成后年发电量超5亿度，将助力打造"零碳"园区，降低生产成本的同时推动行业绿色高质量发展。

Daye Co.'s approved 200MW wind power project will generate over 500 million kWh annually, helping create a "zero-carbon" park while reducing production costs and promoting green development.