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SHA:601058

4 stories mentioning SHA:601058Updated 24d ago

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Asia

Sailun's H1 Profit Rises 18%, Revenue Climbs 14%

Sailun Group's (SHA:601058) net profit attributable to shareholders in the first half rose 18% to 2.16 billion yuan from 1.83 billion yuan a year earlier, according to a Monday disclosure on the Shanghai bourse.Earnings per share increased year on year to 0.66 yuan from 0.56 yuan.Operating revenue grew 14% to 20 billion yuan from 17.6 billion yuan in the previous year.The Chinese tire manufacturer recommended a cash dividend payout of 0.15 yuan per share for the period.The company's shares rose 6% at the close.

SHA:601058
Asia

Sailun Group to Invest in Construction Capacity Expansion Project in Egypt

Sailun Group (SHA:601058) will invest $1.14 billion for the construction of a production capacity enhancement project in the Shams El Sherouk Tyre subsidiary in Egypt, according to a Thursday filing with the Shanghai bourse.The project will entail the production of 27 million semi-steel radial tires, about 1.7 million all-steel radial tires, and 20,000 tons of off-road tires.The tire manufacturer also plans to increase its capital to its Hong Kong subsidiary by up to $691.1 million, while the Hong Kong subsidiary increase its capital in the Singapore subsidiary by $691.1 million as well.Sailun Singapore will boost its capital in Sailun Europe by $684.2 million, while both Sailun Europe and Sailun Singapore will increase their capital in Shams El Sherouk by US$141.1 million.The Europe and Singapore subsidiaries will then invest in Senro Tyre by $543.1 million and $5.5 million, respectively.

SHA:601058
Asia

Sailun Group Q1 Profit Up 2%; Shares Jump 8%

Sailun Group (SHA:601058) posted first-quarter attributable net profit of 1.06 billion yuan, up 1.7% from 1.04 billion yuan the previous year.Earnings per share remained at 0.32 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue rose 12% year over year to 9.46 billion yuan from 8.41 billion yuan.Shares of the tire manufacturer were up 8% in recent trade.

SHA:601058
Asia

Sailun Group 2025 Profit Down 13%; Shares Up 8%

Sailun Group (SHA:601058) posted 2025 attributable net profit of 3.52 billion yuan, down 13% from 4.06 billion yuan the previous year.Earnings per share declined to 1.08 yuan from 1.25 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue rose 16% year over year to 36.8 billion yuan from 31.8 billion yuan.Shares of the tire manufacturer were up 8% in recent trade.

SHA:601058

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