I. Discussion and Analysis of Operating Situation
In the face of the challenges of the Xin Guan Pneumonia Epidemic and the economic downturn, the Company focused on the development of its main business of tires, adhered to a market-oriented approach, gave full play to the Company's competitive advantages of its brand, technology and products, implemented lean management, and responded to the changing trends of the domestic and international markets. In the first half of 2020, the company produced 10.35 million tires of all kinds, an increase of 20% year-on-year; sales of 10.19 million tires, an increase of 7.7% year-on-year; operating income of 3.861 billion yuan, an increase of 7.7% year-on-year; the company's production of tires of all kinds, a year-on-year increase of 20%. Operating income of 3.861 billion yuan, a year-on-year decrease of 0.57%; to achieve operating profit of 543 million yuan, to achieve net profit attributable to owners of the parent company of 456 million yuan, an increase of 21%. The main operating conditions are as follows:
1. Global Brand Building
(1) Through various roadshow meetings, product promotion meetings in regional markets, Triangle Tire magazine, print advertisements, and sponsorship of domestic and international tournaments, the company enhances its global partners' knowledge of and confidence in the Triangle brand, strengthens the determination of ****tongue to cope with the opportunities and challenges, and endows the Triangle brand with a profound cultural connotation, showing customers and consumers that the company's brand "is the most important brand in the world". The company's core values of "integrity, innovation, diligence, and love of people" are demonstrated to customers and consumers.
(2) The company joined hands with BAIC Group for the 13th time to provide services for the National "Two Sessions", and brought the representatives a smooth, comfortable, green and safe traveling experience with high-quality products.
(3) Triangle Tire was listed on the China Brand Day (Shandong) and won the "2020 Shandong Province Manufacturing High-end Cultivation Enterprises", "2020 Shandong Province Private Enterprises Top 100 Brand Value" and other awards; and in the "2020 China Brand Power Index (C-BPI)", the company was recognized as one of the top 100 private enterprises in Shandong Province. In 2020 China Brand Power Index (C-BPI) ranking of China's automobile tire brands in the top.
(4) Triangle Tire was awarded the Platinum Award, the highest level of Caterpillar's Supplier Quality Excellence Program (SQEP), for the seventh time.
2. Global Marketing
(1) Affected by the epidemic, the environment and demand of domestic and international markets changed greatly in the first half of this year. Domestic market demand declined in the first quarter, since the second quarter with the downgrading of the epidemic, the recovery of social and economic activities, tire demand can be released and upgraded, especially the recovery of logistics and infrastructure activities, led to the growth of commercial vehicle tires, radial engineering tires supporting the growth of the business; in the case of weak domestic demand, the company by increasing the development of the international market, and in-depth excavation of potential customers and demand, overseas sales have maintained a stable and Overseas sales maintained a stable and growing trend. In the first half of the company's foreign trade sales growth of more than 20%, of which passenger car tires in North America, Europe, Asia-Pacific and the CIS, the Middle East and Africa and other regions of the sales volume increased significantly.
(2) In the face of multi-level and different regional market demand, the company continues to promote the main and sub-brand marketing strategy, increase the promotion of sub-brand products such as Black Diamond and Sapphire in the international market, and Williston and Bailuda in the domestic market, and enhance the cooperation with high-quality distribution customers, which has strongly promoted the growth of domestic and foreign trade sales, stimulated new demand, and made the whole market more three-dimensional and diversified.
(3) adhere to the "full star" market layout, in the first half of 2020, the company further sorted out the market, the development of new channels, to promote the construction of triangular brand stores in the global region, in the first half of the new overseas regions more than 100 stores of various types of brands.
3, technology research and development and product innovation
(1) in the first half of 2020, the company added two new invention patents; invention patents "shoulder and sidewall parts of radial tires with scratch-resistant manufacturing method" won the third prize of Shandong Province Patent, the company has been the third consecutively won the award.
(2) with deep technical research and development strength and advanced intelligent manufacturing advantages, the company through technical exchanges, product adaptation development, and high-end OEMs to strengthen the technical docking, and the development of new models go hand in hand, to promote the rapid development of the company's ancillary business. 2020 first half of the year, the company and Zhengzhou Yutong, Sany Specialty Vehicles, China Heavy Duty Truck (000951), etc., in the commercial vehicle tires, new product development cooperation, to achieve BYD's new product development cooperation, and to achieve the new product development cooperation with BYD. New product development cooperation, BYD (002594) bus supporting; SAIC-GM-Wuling, Zhengzhou Nissan, JAC (600418) and Jiangling Automobile (000550) and other companies to achieve the supply of new passenger car tires supporting projects; supporting the construction machinery tires to continue to maintain the technological advantage of the 23.5R25 low-pressure new products to achieve batch supply, expanding the matching varieties with the world-renowned OEMs. The company's new passenger car tire supporting projects to achieve supply; construction machinery tire supporting continue to maintain technical superiority, including 23.5R25 low-pressure new products to achieve batch delivery, expanding with the world's leading manufacturers of supporting varieties.
(3) aviation radial tire is the company's important strategic products, the company established an aviation tire laboratory and aviation radial tire production line, with the ability to small batch trial production, in the aviation radial tire materials, formulations, structures, equipment and processes and other key technology areas to achieve breakthroughs, in June, the company's research and development of civil aviation radial tires 30 × 8.8R15 specifications (A320 passenger aircraft), in the Civil Aviation Administration of China (CAAC), the front tire. Front tire) in the General Administration of Civil Aviation of China approved laboratory - Xingping Aviation Tire Wheel Brake Test Center for dynamic simulation tests, successfully passed the civil aviation standard CTSO-C62e provisions of the 61 tests, to achieve the domestic civil aviation radial tire technology "zero The company has achieved "zero" breakthrough in domestic civil aviation radial tire technology.
(4) in the first half of 2020, the company *** put 146 new products, mainly from the function, series and differentiated market demand to increase R & D investment and development efforts: ① commercial vehicle tires: the domestic market developed the third generation of mining products, the third generation of snow pattern products, new energy bus vehicles special series of new products such as updating and upgrading for the mountainous and scenic areas of high wear-resistant bus needs to develop a special formula for mountainous bus Demand for the development of mountain bus special formula technology; for the international market developed for the North American and Southeast Asian markets, the new offroad products, suitable for the South American market, 12R24.5 products, for the European Union certification needs to develop a high snow traction tire technology and series of products.
② passenger car tires: increase the development of ice and snow tires and put efforts to complete the new Nordic studded ice and snow tires TI501 series, Central Europe snow tires TW401 series and PL02 series of products put on the market; complete the design and development of the new commercial light truck TV701 product development and verification.
③Construction tires: Enriching the variety of giant construction machinery tires to meet the demand of market segments, the new underground mining products, articulated trucks E-4, and four other new products were put into production, of which the excellent performance of the underground mining products was highly recognized by customers in Russia and the CIS countries.
④Specialty tires: Through new structure and formula design, the high-speed performance of off-road radial specialty tires has been improved by more than one speed class.
4, manufacturing
(1) in the first half of 2020, the company produced 250,000 tons of various types of tires, an increase of 8% year-on-year; through the renovation of production equipment, the optimization of the system to enhance the construction of the quality management system, process improvement and standardized production, the company's commercial vehicle tires, passenger tires, the quality of the company's tire to further enhance the level.
(2) The company's product structure has been further optimized, with the proportion of tubeless products in commercial vehicle tires reaching 67%, and the proportion of passenger car tires of 16 inches and above reaching 43%.
5, anti-epidemic assistance
(2) the early stage of the domestic epidemic prevention and control, anti-epidemic materials are in short supply, in this special period, the company fully carry forward the love of people's corporate culture, and actively mobilize anti-epidemic materials, to the domestic dealers and customers 20,000 masks, and the vast number of dealers rain and shine side by side, **** degree of difficulty; at the same time, in response to the epidemic, the company has also organized the anti-epidemic subsidies, "Resist 'epidemic' although bitter, life to sweet" cooking contest, car atomization disinfection machine, provide disinfection equipment and other series of marketing activities to enhance customer relations, cohesion manufacturers.
(3) in the difficult time of the spread of global epidemic, the company played the role of overseas organizations close to the market, in the case of their own protection, the first time to give dealers greetings and care, teaching China's experience in epidemic prevention, and customers in distress and ****, has been to the assistance of overseas customers masks tens of thousands of.
Second, may face the risk
1, the risk of international trade friction
In recent years, the United States, Brazil, India, Egypt, the European Union and other countries and regions of China's tire industry launched a number of anti-subsidy, anti-dumping investigations; two years of China-United States trade war has ended for the time being, but unilaterally initiated by the United States of America, China-United States trade war has been extended by the simple tariffs to the issue of investment The US-China trade war has been extended from pure tariffs to investment, key technologies, intellectual property rights, exchange rates, finance and many other areas. Unilateralism and trade protectionism have escalated, the multilateral trading system has been seriously impacted, and the international trade environment is complex and severe. The company's products are sold to more than 180 countries and regions, overseas sales account for more than 50%, international trade friction has a certain impact on the company's export business. The company will continue to enhance the competitiveness of its products in the global market through the development of emerging markets, vigorously explore the blank market, as well as the global market, such as intensive cultivation.
2, the risk of market competition
China has become the world's automotive and tire industry, the center of the domestic tire manufacturing enterprises, low-end market product homogenization phenomenon is serious, the phenomenon of price competition is obvious, and the internationally renowned tire manufacturers in the high-end market brand advantage is obvious; in addition, the world's economic growth is weak, the international trade friction is getting more and more intense, domestic and foreign markets tire industry competition is getting more and more intense. In addition, the world economic growth is weak, international trade friction is worsening, the competition of tire industry in domestic and foreign markets is getting more and more intense. The company through scientific and technological innovation, intelligent manufacturing, globalization and brand building, etc., to enhance the core competitiveness of products, and constantly improve the value of the "triangle" brand.
3, the risk of exchange rate changes
The company's export business settlement currency is mainly the U.S. dollar, the U.S. dollar to the yuan exchange rate fluctuations will affect the company's operating results. The company uses the import of natural rubber, equipment, increase the U.S. dollar liabilities and other methods to reduce foreign exchange exposure, at the same time in the two-way fluctuation of the RMB exchange rate environment through that, forward settlement and other ways to implement the exchange rate lock, to reduce the impact of exchange rate fluctuations on the company's operations.
4, the risk of cost fluctuations
Natural rubber and synthetic rubber is the main raw material for the production of tires, as a commodity, its price is affected by the development of epidemics, macro-economics, supply and demand, the weather and many other factors, the rubber price fluctuations will be a greater impact on the tire business cost control and profitability. The company mainly through the establishment of partnerships with key suppliers, strengthen the study of raw material price trends, timely procurement, improve supply channels, to ensure effective supply channels. Specifically through a systematic analysis of the fundamentals of raw material supply and demand, with a combination of forward and spot purchasing, to grasp the procurement rhythm, adjust the amount of resource reserves, effectively control the cost of raw material purchases, to avoid the procurement risk. In addition, the rising labor costs, the company mainly through the enhancement of automation, information technology level, optimize staffing, improve efficiency and reduce costs.
5, the impact of the new crown pneumonia epidemic
2020 by the global impact of the new crown pneumonia epidemic, international trade shrinkage, domestic consumption, investment, export decline; the global response to the new crown pneumonia epidemic will limit the speed of economic recovery, the global trade will be scaled back, the company's market sales have been affected to a certain extent, as of the date of this report, has not been found to be a significant adverse impact. The company will continue to do a good job in the normalization of epidemic prevention and control, strengthen cooperation with upstream and downstream customers, suppliers, and further expand the market to promote the healthy and stable development of the company's business.
C. Analysis of core competitiveness during the reporting period
1, brand value continues to improve
(1) Triangle Tire was founded in 1976. The Triangle trademark is the first Chinese well-known trademark in China's tire industry, and has completed registration in 169 countries or regions around the world up to now; Triangle Tire was awarded China Famous Brand Product in September 2004; won the first Shandong Provincial Governor's Quality Award in December 2009; became the first batch of pilot enterprises for the cultivation of national industrial brands in March 2013, and was awarded the China Quality and Integrity Enterprise in September 2013. In 2017, Triangle Tire became one of the first tire companies to be recognized as "Three Together"; the company has been listed among the "Top 10 Influential Brands in China's Tire Industry" by Chnbrand for many years; Triangle Tire has been listed on the list of "2020 China Brand Power Index" (C-BPI). The company has been listed as one of the "Top Ten Influential Brands in China's Tire Industry" by Chnbrand for many years.)
(2) Triangle Tire is an excellent supplier of original tires for internationally renowned automobile and construction vehicle brands, and has won awards in Caterpillar's Supplier Quality Evaluation Program since 2010, and has won the Platinum Award, the highest award, for seven times, and has been awarded "Excellent Supplier" by China National Heavy Duty Truck (CNHTC), China National Automobile Works (CNAW), Shaanxaan Automobile Works (SCAW), and Foton Lever, among others, for many times. It has been awarded the title of "Excellent Supplier" by China National Heavy Duty Truck, China FAW, Shaanxi Automobile, Foton Lever, etc. and the Excellent Quality Award by Shandong Lingong, etc. In 2020, it was listed on the list of the top 100 automobile parts enterprises in China.
(3) With standardized and perfect corporate governance, the company has been included in the SSE Corporate Governance Board since June 2018, which has established a good image of standardized governance in the capital market.
2. Strong independent innovation ability
(1) The company is a national high-tech enterprise, national intellectual property rights demonstration enterprise, national technological innovation demonstration enterprise and industrial product green design demonstration enterprise, with a number of national and provincial scientific research platforms, including the National Enterprise Technology Center, the National Engineering Laboratory of Tire Design and Manufacturing Process, the National Industrial Design Center, the Postdoctoral Research Workstation, the Provincial Key Laboratory, and the National Engineering Laboratory of Tire Design and Manufacturing Process. Research Station, provincial key laboratories, provincial engineering technology research centers and other platforms, and set up a technology research and development center in Akron, USA. The company's laboratory is equipped with a full set of test equipment required for tire performance testing, process research testing, and material performance testing, reaching the international advanced level.
(2) The company is the chairman of China Tire Industry Technology Innovation Strategy Alliance, the technological forerunner and leader of China's tire industry, and has established a more complete innovation system from basic theory, applied research to product design and process development. By the end of the reporting period, the company has obtained 467 patents, including 76 invention patents and 41 international patents, 1 national science and technology award, 10 provincial and ministerial level and petrochemical industry science and technology awards, of which the project of "complete set of production technology and equipment development of giant engineering radial tires" has achieved a breakthrough in product design, process equipment development and other aspects of innovation, and won the National Science and Technology Progress Award. Among them, the project of "Development of complete set of production technology and equipment for giant engineering radial tires" has achieved innovative breakthroughs in product design, process equipment development and other aspects, and won the first prize of National Science and Technology Progress. The patent "Multi-drum Mobile Giant Engineering Radial Tire Production Molding Process" won the second prize of Shandong Province Patent Award; the project "Full Electromagnetic Induction Heating Direct Pressure Vulcanization Intelligent Manufacturing Technology and Equipment for Ultra-High Performance Tires" developed in cooperation with Beijing University of Chemical Technology was included in the 2019 Shandong Province Key Research and Development Program major scientific and technological innovations, and the technology subverts the traditional tire manufacturing mode, reaching the international leading level. This technology subverts the traditional tire manufacturing mode and reaches the international leading level.
(3) The company presided over and participated in the formulation of 132 national or industry standards, participated in the formulation/revision of 9 international standards, participated in the United Nations Vehicle Regulations and Standards Forum meetings on behalf of China for 13 times, and became a major developer of national standards and industry standards; Triangle Tire undertook the development of China's passenger car tires for C1, C2 wetland, snow standard tires, and C1 ice standard tires.
(4) the company's aviation tire business has completed the materials, formulations, structures, equipment and processes and other key technology research and development, with product trial production conditions, entered the product development and airworthiness certification stage. R & D of civil aviation radial tires 30 × 8.8R15 specifications (A320 passenger aircraft front tires) in the General Administration of Civil Aviation of China approved laboratory - Xingping Aviation Tire Wheel Brake Test Center successfully passed the key dynamic simulation test.
3, the practice of intelligent tire manufacturing, set up a smart factory demonstration
(1) the company's new intelligent factory manufacturing process to achieve lean, intelligent, automated management. The new factory is highly integrated with a new generation of information systems (ERP, PLM, MES, CPS, etc.), RFID Internet of Things technology, big data AI technology, machine vision technology, production equipment, comprehensive automation and integration; in the unified scheduling and control of the information system, the production plan is lean, process technology is automatically implemented, the material is efficient and accurate distribution, finished products, comprehensive monitoring of the process of the new plant to achieve tire The new factory realizes the automatic and efficient operation of the whole production process, the human interference factor is greatly reduced, the factory operation is safe, environmental protection and high efficiency.
(2) The new intelligent factory operation efficiency and manufacturing quality greatly improved. The deep integration of information technology and automation makes enterprise operation, R&D and manufacturing, sales and logistics realize overall synergy, reducing the number of factory staff by more than 40% and increasing labor productivity by 30%; the high degree of integration and intelligence in the whole process of production makes the uniformity and stability of product quality greatly guaranteed, with the pass rate of product dynamic balancing and uniformity reaching more than 99.9%, and the indexes of high speed, durability, noise and fuel saving reaching the international advanced level, such as the indexes of the new smart factory. The indexes of high speed, durability, noise, fuel saving and so on reach the international advanced level.
(3) The company's order-based passenger car tire full-process automation and collaborative management capability project was selected as a finalist for the Ministry of Industry and Information Technology's "2019 Pilot Demonstration Project on the Integration of Manufacturing and the Internet", which belongs to the standardization of the integration of the two management systems, and is oriented to the modernization of the manufacturing and operation management of the new capabilities. The project belongs to the standardization of the two integration management system and the new capability for modern manufacturing and operation management.
4. Product and quality management against international advanced standards
(1) The company has always used the quality system construction to ensure the continuous improvement of product quality. We have passed ISO9001 quality management system certification, QS-9000 quality system certification, ISO/TS16949 quality management system certification, IATF16949 quality management system certification and ISO10012 measurement management system certification, and we are keeping a close eye on the international standards and the higher quality management standards of OE manufacturers, and constantly upgrading and perfecting the company's quality management system. The product quality control ability has been in the industry's leading level.
(2) The company has always been aiming at international advanced technical standards, and the design and manufacture of products meet the three major international standards of the EU ETRTO, the US TRA, and the Japanese JATMA, as well as the EU Labeling Act, the US EPA SMARTWAY, and other advanced market technical standards.
(3) The wet grip, rolling resistance, noise and other indicators of the company's passenger car tires and commercial vehicle tires have reached the second phase of the EU Labeling Act standards, as well as Japan, South Korea, Brazil, the International Gulf Organization GSO and Saudi Arabia SASO and other countries and regions of the regulations and standards. Our products have obtained official certifications from major countries or economies in the world, including China CCC, EU ECE, U.S. Department of Transportation DOT and so on.
(4) The company has established a whole-process inspection and control system, relying on LIMS, MES information platform, from raw materials into the factory, semi-finished products production to the output of end products, the whole production process to achieve quality information monitoring, quality management to achieve informationization and intelligence.
5, marketing layout of the global
(1) the international market
First, the marketing network covers more than 180 countries and regions around the world, the global six continents of the developed economies and emerging markets to develop side by side, balanced market layout for us to deal with the complexity of the international trade situation provides a broad strategic depth to capture different regions of the world in a timely manner, market opportunities.
Secondly, the company has been able to develop its own business.
Second, the international market supporting customers and end-users all over the world, mainly including: the United States Caterpillar, Volvo Construction Machinery, Case New Holland, South Korea's Hyundai, South Korea's Doosan, Australia's Mackay Trailer Plant, LiuGong India plant, Italy's Terex, Slovakia's ETOP; Mexico's Ximax Group, Nigeria's Dangote Group, the United Arab Emirates Aluminum Group, Dubai Airport Company, the United Arab Emirates. Group, Dubai Airport Company of UAE, LafargeHowry Cement Plant of Switzerland, North Steel Group of Russia, Arosa Mining Group of Russia, and other internationally renowned enterprises.
Thirdly, we have established an international team for global marketing, and have successively set up an international team of more than 30 people in North and South America, Oceania, Europe, Asia-Pacific, Middle and East Africa, Russia, etc. We have rapidly promoted the globalization of our brand, marketing and service, and supported local distributors to set up more than 300 delta-brand stores.
(2) Domestic Market
First, supporting business: directly for the heavy truck system of China National Heavy Duty Truck, Sany Group, Shaanxi Automobile, China FAW, bus system of Golden Dragon Bus, Yutong Bus (600066), Zhongtong Bus (000957), light truck system of the Dongfeng Automobile (600006), Wuzheng Group, JAC, sedan side of the SGMW, Zhengzhou Nissan, JLT. In addition, more than 50 automobile manufacturers such as SGMW, Zhengzhou Nissan, Jiangling Automobile, etc. and more than 20 construction machinery manufacturers such as Caterpillar (Qingzhou), Shandong Lingong, Dezhou Degong, Shantui, Sany Automobile, and Lingong Jinan Heavy Machinery, etc. are providing supporting services.
Second, the replacement business: the establishment of a sub-product line of the marketing network model, the formation of commercial vehicle tire replacement market, passenger car tire replacement market, engineering tire replacement market, such as professional marketing team, the formation of a wholesale dealers, listed stores retail-based, with PetroChina, Sinopec stations and other outlets for the extension of the marketing system, the marketing network covers the whole country, the brand store in the country to reach The marketing network covers the whole country, and the brand stores have reached more than 3,000 in the country, covering more than 80% of the county and city level areas.
(3) Network sales
The company focuses on the development of new sales modes and the use of information technology to expand new markets. Aiming at the high degree of informationization in the Japanese market, consumers use a large number of online shopping characteristics, expanding the cooperation with Japan GiraffeInternationalCO.,LTD in the passenger car tire market, online orders, designated delivery locations, timely delivery of the way, to provide consumers with timely and efficient service, to enhance market share. In the country through the Tmall online store for end-users for brand marketing, since October 2014 Tmall on-line, every year to carry out a variety of thematic activities, and end-consumer interaction, to understand the needs of users, and continue to enhance the network brand awareness.
6. Product structure and function lead the market development trend
(1) Providing consumers with a safe and comfortable driving experience is the goal that Triangle passenger tires have been pursuing. In order to meet various driving needs, Triangle has developed a wide range of tires that are suitable for various road conditions, with complete series, obvious functionality and differentiated attributes: summer tires, including ultra-high-performance tires (including air-deficient tires) that are mainly characterized by responsive and sporty handling, high-performance tires that are balanced in terms of performance, comfort and safety, SUV-HT tires that are mainly for use on paved roads in cities, SUV-HT tires that are mainly for use on paved roads in the city, and SUV-HT tires that are mainly for use on paved roads in the city. SUV-HT series, SUV-AT all-terrain tires for mixed urban and unpaved road conditions, economic tires for high mileage and low fuel consumption, SUV-MT mud tires for off-road enthusiasts and outdoor driving, and high-mileage commercial light truck tires for high loads; winter tires, which mainly include snow tires for cars, snow tires for light trucks, and studded snow tires for cars, and snow tires for light trucks; winter tires, which mainly include snow tires for cars, snow tires for light trucks, and studded snow tires for cars. Winter tires, mainly including ordinary car snow tire series, light truck snow tire series, and car studded snow tire series and light truck studded snow tire series, in the northeast region of China and Russia, Europe, North America, Japan and other markets triangle winter tires have been widely used, safety, energy saving, comfort performance to reach the international advanced level. In addition, the company developed high-speed snow tires and all-season tires for the use of snow and ice areas in Central Europe and other environments; for the use of the characteristics of cabs to develop a series of special tires for cabs.
(2) Commercial vehicle tires are the company's fist products, of which tubeless tires account for 67%. In order to meet the needs of different distances, road conditions and loads, Triangle has developed high-mileage, low-fuel-consumption medium- and long-distance series products for highways; high wear-resistant, low-fuel-consumption series products for buses (including new energy vehicles) for urban or inter-city passenger transportation; short- and medium-distance series products for national highways, provincial highways, and ordinary hard-paved surfaces that are resistant to heavy loads; and load-resistant, puncture-resistant series products for industrial and mining products for paved and unpaved roads; in addition, we also have a series of tires for multi-trucks and other commercial vehicles, with the proportion of tubeless tires reaching 67%. For paved/unpaved roads, we have developed anti-loading and puncture-resistant industrial and mining series products; in addition, we have also developed special transportation series products featuring safety and all-weather use in response to the demand for multi-environmental adaptability.
(3) The company's giant engineering radial tires have broken the international monopoly, highly recognized by consumers at home and abroad, and are one of the most important global supporting suppliers of the international construction machinery giant Caterpillar. According to different working conditions and usage environment, Triangle has developed eight series of engineering tires, which can provide reliable products and services for loaders, rigid dump trucks, articulated trucks, scrapers, graders, mobile cranes and special vehicles, underground mining machinery, port machinery and industrial machinery, etc.
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The company's giant radial tires have broken the international monopoly and are highly recognized by consumers at home and abroad.
(4) "Triangle" special cross-country radial tire series products with specifications and varieties of differentiation, high speed and lightweight, safety performance and high quality characteristics of service in infrastructure, equipment upgrading project.