中国轮胎行业2023年全面复苏：海外扩张与业绩增长分析
记者 张鹏飞 | Reporter: Zhang Pengfei
2023年，随着全球汽车产业链复苏叠加"出海"步伐进一步加快，我国轮胎行业经营形势全面复苏。 In 2023, with the recovery of the global automotive industry chain and the acceleration of "going global" efforts, China's tire industry has fully recovered.
三角轮胎、赛轮轮胎、森麒麟、通用股份、玲珑轮胎等头部企业在海外密集扩建产能。在需求增长，原材料价格、海运费等回落的大背景下，轮胎行业产销两旺，景气度高企。
Leading companies such as Triangle Tire, Sailun Tire, Sentury Tire, General Tire and Linglong Tire have intensively expanded production capacity overseas. Against the backdrop of growing demand and falling prices of raw materials and shipping costs, the tire industry is experiencing booming production and sales with high prosperity.
多家公司业绩大幅预增 | Significant Performance Growth Forecasted for Multiple Companies
近期，三角轮胎、森麒麟等多家轮胎企业发布2023年度业绩预告，业绩普遍实现大幅增长。
Recently, several tire companies including Triangle Tire and Sentury Tire have released their 2023 performance forecasts, showing substantial growth across the board.
三角轮胎预计2023年实现归属于母公司所有者的净利润13.47亿元-14.47亿元，同比增长82.61%-96.17%。
Triangle Tire is expected to achieve net profit attributable to parent company owners of 1.347-1.447 billion yuan in 2023, a year-on-year increase of 82.61%-96.17%.
森麒麟预计2023年实现归属于上市公司股东的净利润13亿元-14.2亿元，同比增长62.33%-77.31%。
Sentury Tire is expected to achieve net profit attributable to shareholders of listed companies of 1.3-1.42 billion yuan in 2023, a year-on-year increase of 62.33%-77.31%.
海外市场需求提振 | Boost from Overseas Market Demand
根据已披露的业绩预告来看，多家轮胎企业表示，业绩大增受益于海外轮胎市场消费需求提振，原材料价格和海运费回落。
According to the disclosed performance forecasts, many tire companies stated that the significant performance growth benefited from the boost in overseas tire market demand and the decline in raw material prices and shipping costs.
卓创资讯数据显示，2023年1月至11月，中国出口半钢胎2.81亿条，同比增长23.18%；出口全钢胎1.14亿条，同比增长13.31%。
Zhuochuang Information data shows that from January to November 2023, China exported 281 million semi-steel tires, a year-on-year increase of 23.18%; and exported 114 million all-steel tires, a year-on-year increase of 13.31%.
反倾销关税下降 | Decline in Anti-dumping Tariffs
值得关注的是，在中国轮胎企业加速布局海外生产基地的同时，欧美国家反倾销税率有望下降。
It is worth noting that while Chinese tire companies are accelerating the layout of overseas production bases, anti-dumping tariffs in Europe and the United States are expected to decline.
森麒麟泰国复审终裁单独税率为1.24%，较原审税率17.06%大幅下降。玲珑轮胎、通用轮胎税率为4.52%，均较此前大幅度降低。
Sentury Tire Thailand's final review ruling has a separate tax rate of 1.24%, a significant decrease from the original review tax rate of 17.06%. Linglong Tire and General Tire have a tax rate of 4.52%, both significantly lower than before.
国海证券研报称，考虑泰国出口美国半钢胎关税降低，中国轮胎泰国工厂出货量和毛利率有望提升。
Guohai Securities research report stated that considering the reduction in tariffs on Thailand's exports of semi-steel tires to the United States, the shipment volume and gross profit margin of Chinese tire factories in Thailand are expected to increase.
来源：中国证券报 | Source: China Securities Journal
