Over the past 60 years since the founding of New China, China has gradually developed into the largest producer of tires in the world and has completed a complete industrial system with a complete range of specifications and products. It has also obtained a series of international cutting-edge technological achievements with original innovations. Our radial truck tire has passed the test of high speed and high load and has reached the world advanced level. The radial tire of passenger car has been realized without inner tube, wide cross section, flattened and high speed, and the safety, energy saving and environment friendly tire keeping up with the international trend has also been steadily To the international market and recognized.

According to the Research Report on Market Demand Forecast and Investment Strategic Planning of China's Tire Industry released by Prospect Industry Research Institute, tire exports of China's tire industry are facing more complicated situations due to the global economic slowdown in 2011. Coupled with the prices of raw materials such as rubber Unstable, difficult to control costs and other factors, the production economy is running very difficult. However, with the joint efforts of industry and enterprises, the overall economic operation of the year maintained a steady growth overall. As of the end of 2011, China's tire manufacturing industry's total assets of 293.3 billion yuan, an increase of 17.99%; annual above-scale tire manufacturing enterprises to achieve main business revenue of 404 billion yuan, an increase of 30.40%; total profit of 19.08 billion yuan, an increase of 19.57%. In 2011, China's tire production (including all kinds of tire) reached 8.321 billion, an increase of 8.5%.

From January to June 2012, the total sales revenue of China's tire manufacturing industry reached 228.9122 billion yuan, an increase of 17.32% over the same period of last year; the total profit reached 13.3673 billion yuan, up 59.81% over the same period of last year.

China is already the largest producer of automobiles and the consumer of new cars. From the perspective of consumption, the average number of cars owned by our country is less than half of the world average. There is still much room for growth in automobile consumption. On the other hand, infrastructure investment in China and other emerging markets still maintained a rapid growth trend, and construction machinery consumption also had more room for growth. The growth in consumption of automobiles and construction machinery will push the tire industry to maintain a steady growth trend. Prospects that the "12th Five-Year" period, the tire demand will continue to grow rapidly, optimistic about the development of China's tire industry.

Since 2009, the central government has introduced a series of consumer stimulus measures. Under the influence of these stimulus measures, the consumption of automobiles has shown a rapid growth. The prosperity of automobile consumption directly drives the growth of tire sales.

The increase in car sales has stimulated sales of tires. However, the development of the entire tire industry is also faced with many constraints. These factors mainly come from changes in market demand, rising rubber costs, the popularity of green tires and the deteriorating export environment. History tells us that when the global economy is in turmoil, the market is often hit by a variety of unexpected factors, such as the U.S. special safeguard on tire sales to China. Therefore, investors are always in the midst of changing conditions Market sensitivity is a necessary condition for business survival.