(Shandong, China, March 30, 2026) Prinx Chengshan Holdings Limited, a global leading tire manufacturer (hereinafter referred to as “Prinx Chengshan” or the “Group”, Stock Code: 1809.HK), released its 2025 annual operating results today. Amid an external environment of overall industry pressure, the Group achieved steady growth in sales volume and revenue while maintaining sound operating fundamentals, demonstrating its solid industrial foundation and strong operational resilience.
Financial Highlights:
- Tire sales: 29.29 million units, representing a year-on-year increase of 4.7%;
- Total revenue: RMB 11.8 billion, up 6% year-on-year;
- Profit attributable to equity shareholders of the Company: RMB 1.088 billion, down 1% year-on-year;
- Basic earnings per share: RMB 1.71, down 0% year-on-year;
- Proposed final dividend: HK$0.50 per share (before tax).
During the reporting period, the Group maintained sound overall operating performance, with core growth indicators rising against the market trend. The product structure continued to be optimized, and core products delivered outstanding performance: the sales of TBR (Truck and Bus Radial) tires reached approximately 8.4 million units, up 5.3% year on year; while the sales of PCR (Passenger Car Radial) tires reached approximately 20.4 million units, up 4.7% year on year. Both core product lines achieved positive year-on-year growth, forming the key driver of the Group’s sales growth. In terms of revenue structure, TBR tires and PCR tires accounted for about 56.5% and 41.8% of the Group’s total revenue respectively, further strengthening the stability and profit resilience of its product portfolio.
The Group’s diversified sales channels have achieved remarkable outcomes, with the momentum for diversified development continuing to grow. The Group has continuously optimized its channel structure, responded accurately to market changes, and demonstrated strong channel resilience. Among them, the international dealer channel achieved operating revenue of approximately RMB 7.797 billion (YoY: +3.4%), reflecting remarkable results from the in-depth development of overseas markets, which has become an important pillar of revenue growth. The Direct Sale to automakers achieved leapfrog development, with sales revenue of approximately RMB 1.926 billion (YoY: +73.9%), successfully opening up new growth areas. The domestic dealer channel recorded operating revenue of approximately RMB 2.079 billion (YoY: -10.6%). Through channel structure optimization and service capability improvement, the Group has continued to consolidate its domestic market base.
The global production capacity layout has achieved synergistic development, and the resilience of the supply chain has been continuously enhanced. During the reporting period, the two major production bases in Shandong and Thailand operated steadily, accounting for 62% and 38% of the Group’s total revenue respectively. The dual-base synergy ensured the stable supply of products. In 2025, the Group has commenced the full-scale construction of the Malaysia tire production base, forming an overseas production capacity “twin stars” structure with Thailand tire production base, further improving the global production capacity network and building a more risk-resistant supply chain system. This effectively hedges against external uncertainties such as international trade barriers and geopolitical fluctuations, laying a solid foundation for global development. Meanwhile, Shandong off-the-road (OTR) tire project progressed efficiently, with the first giant tire successfully rolled off the production line. This marks a further improvement in the Group’s product portfolio and a solid step toward becoming an all-round player in the tire industry.
Against the complex external environment, the Group’s profitability indicators experienced periodic fluctuations, while its financial structure remained sound with strong risk resistance. Affected by escalating international trade barriers, geopolitical volatility and uncertainties in relevant policies, the Group’s EBITDA reached RMB 1.77 billion, representing a year-on-year decrease of 11.1%. Despite short-term pressure on profitability, the Group’s asset-liability ratio remained stable at 38.8%, reflecting a healthy financial position that provides solid financial support for its global layout and business expansion. The Board proposed a final dividend of HK$0.5 per share, continuing to fulfill its commitment to shareholders and demonstrating the Group’s firm confidence in long-term sustainable development.
Looking back on its 50-year development journey, Prinx Chengshan, which started as Rongcheng Rubber Factory in 1976, has long been committed to its core business and global expansion. Standing at a new starting point for its second 50 years, amid an industry landscape featuring both opportunities and challenges, the Group will remain firmly focused on the tire business, and accelerate its global layout at full speed. It will continue to deepen technological innovation and product upgrading to steadily enhance its overall competitiveness. Going forward, the Group will uphold high‑standard compliance and pursue high‑quality industrial development, earnestly fulfill its corporate responsibilities, and strive to deliver value to shareholders, serve customers, empower employees, and contribute to society. It will pursue steady and sustained growth on the path of high‑quality development in the tire industry and write a new chapter for its second 50 years.
Media Contact:
Investor Relations
Prinx Chengshan Holdings Limited
Email: investor@prinxchengshan.com
Website: www.prinxchengshan.com
About Prinx Chengshan Holdings Limited
Prinx Chengshan Holdings Company Limited (Stock Code: 1809.HK) is a modern enterprise specializing in tire design, R&D, manufacturing, and sales. As one of China’s most influential tire companies, it currently operates production bases in Rongcheng, Shandong, China and Chonburi, Thailand. The Company’s four brands—Prinx, Chengshan, Austone, and Fortune—covering TBR tires, PCR tires, and Bias tires for passenger, commercial, industrial, agricultural, and special vehicles. The Company has always adhered to innovation-driven development, committed to creating green and safe tire products and providing high-quality, convenient services, continuously delivering an excellent intelligent mobility experience and a sustainable lifestyle for users worldwide.