Over the past 60 years since the founding of the People's Republic of China, China has gradually developed into a major producer of tire industry in the world. Our truck radial tires have passed the test of high speed and high load, and have reached the world advanced level. Car radial tire has achieved tubeless, wide section, flat, high-speed; Following the international trend, energy-saving, environmental protection tires have been steadily introduced to the international market and recognized.

In 2011, China's tire industry due to the impact of the global economic slowdown, tire exports are facing a more complex situation, coupled with rubber and other raw materials price instability, cost control and other factors, the production of economic operation is very difficult. However, with the joint efforts of enterprises in the industry, the economy maintained steady growth throughout the year. By the end of 2011, the total assets of China's tire manufacturing industry were 293.3 billion yuan, with a year-on-year growth of 17.99. The annual revenue of tire manufacturing enterprises above scale reached RMB 404 billion, up 30.40 year on year. The total profit reached 19.08 billion yuan, up 19.57 year on year. In 2011, China's tire production (including all kinds of outer tires) reached 832.1 million pieces, a year-on-year growth of 8.5.

From January to June 2012, the total sales revenue of China's tire manufacturing industry reached 228.912.2 billion yuan, with a year-on-year growth of 17.32. Total profit reached 13.363.7 billion yuan, up 59.81 year on year.

China is already a big producer of automobiles and a consumer of new automobiles. In terms of consumption, the per capita car ownership in China is less than half of the world's average level, and there is still a lot of room for growth in automobile consumption. On the other hand, infrastructure investment in China and other emerging markets still maintains a rapid growth trend, and construction machinery consumption also has a large space for growth. The automobile consumption and the construction machinery consumption growth will push the tire industry to maintain the steady growth trend. During the 12th five-year plan period, tire demand will continue to grow rapidly, and the development prospect of China's tire industry is optimistic.

Since 2009, the government has launched a series of consumption stimulus measures. Under the influence of these stimulus measures, automobile consumption presents a high growth trend, and the prosperity of automobile consumption directly drives the growth of tire sales.

The increase of automobile sales stimulates the sales of tires, but the development of the whole tire industry is also faced with many constraints, which mainly come from the change of market demand, the rise of rubber cost, the popularity of green tires and the deterioration of export environment. History tells us that when the global economy is in turmoil, the market will often be hit by a variety of unexpected factors, such as the us tire special protection case against China. Therefore, for investors, keeping the market in the midst of changes is a necessary condition for enterprises to survive.