Zhongce Rubber Surges on A Share Debut Market Cap Nears 50 Billion RMB Becomes Top Tire Stock

On June 5, 2025, Zhongce Rubber (Stock Code: 603049)—a leading force in China’s tire industry—officially made its debut on the A-share main board of the Shanghai Stock Exchange. Opening at 57 RMB per share, a remarkable 22.58% increase over its issue price, the company's market capitalization soared to 49.8 billion RMB, securing the top spot among all listed tire companies in China. This marked the beginning of a new era in China’s tire capital market.

A Capital Frenzy Fueled by Global Ambition

Raising 4.066 billion RMB in its IPO—the largest offering on the A-share market so far in 2025—Zhongce Rubber has attracted intense investor interest. This substantial injection of capital not only reflects strong market confidence in the company's growth prospects but also empowers its bold global expansion strategy. As the flagbearer of China’s tire sector, Zhongce is accelerating its advance toward becoming a global tire giant.

From Humble Origins to Global Top 10: A Made-in-China Success Story

Starting from a modest factory on the historical grounds of Haichao Temple near Hangzhou’s Wangjiangmen Gate, Zhongce has grown into one of the world’s top 10 tire manufacturers. Its rise to dominance in China’s tire industry and now its strong position in the capital market vividly illustrate the resilience and brilliance of Chinese manufacturing.

Under the strategic leadership of its actual controller Qiu Jianping and his family, Zhongce forms part of the “Juxing Group” (alongside companies like Great Star Industrial, Hangcha Group, and Xinchai Co.), building a synergistic industrial alliance and a robust competitive moat through a well-structured equity layout.

A Cash-Generating Powerhouse with Outstanding Financial Performance

According to financial reports:

2024 revenue reached 39.255 billion RMB, with net profit of 3.787 billion RMB, up 43.57% year-on-year

In Q1 2025, the company achieved revenue of 10.641 billion RMB and net profit of 1.152 billion RMB

These impressive results, delivered amid global challenges in the tire industry, highlight Zhongce Rubber’s operational resilience and strong profitability, making it a true cash cow in the sector.

Expanding Its Global Footprint—Rolling Chinese Tires Across the Globe

Nearly half of Zhongce’s revenue comes from overseas markets, with manufacturing bases already established in Thailand, Indonesia, and Mexico. With new investment plans underway, the company is doubling down on globalization, driven by a dual-engine strategy of "Made-in-China excellence + global deployment". Zhongce Rubber is actively delivering high-quality Chinese tires to every corner of the world.

Conclusion: A New Chapter in Zhongce’s Global Journey

Now standing at a new starting line with a 50 billion RMB market cap, Zhongce Rubber wields both capital strength and technological capability. As the IPO proceeds are invested into key projects, the company is poised to expand its global presence at an even faster pace.

“Wherever the sun rises, there will be Chaoyang tires.” With capital igniting its engines and innovation steering its course, Zhongce Rubber is ready to write the next chapter in the epic of global tire competition.

Source: Publicly available information, for reference only. Credit to the original authors. All rights reserved by original copyright holders. If any content infringes your rights, please contact us for removal.