603049.Ss
The company is engaged in the production and sale of tires and rubber products, primarily serving the automobile industry.
Business. The company is engaged in the production and sale of tires and rubber products, primarily serving the automobile industry.
Analyst recommendations
3 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company is engaged in the production and sale of tires and rubber products, primarily serving the automobile industry.
The company maintains a market price of 48.24 CNY, with a market capitalization of 42,185,185,247.52 CNY. Its price-to-earnings ratio is 10.17, and its price-to-book ratio is 1.7, indicating a moderate valuation relative to its book value. The company's debt-to-equity ratio is 0.58, suggesting a balanced capital structure with a moderate level of leverage. The current ratio of 1.08 indicates that the company has sufficient current assets to cover its current liabilities, though it is operating near the threshold of liquidity comfort.
In terms of profitability, the company's return on equity is 16.72%, and its return on assets is 7.94%, both of which are strong indicators of efficient use of equity and assets. The company's gross profit margin is 19.48%, and its operating margin is 9.55%, which are both in line with industry norms for the Tires & Rubber Products sector. The company's net income of 4,147,466,450 CNY reflects a healthy bottom-line performance.
The company's revenue is primarily concentrated in the automobile industry, with a significant portion derived from the production and sale of tires and rubber products. There is no detailed breakdown of geographic exposure or segment performance provided in the available data.
The company's revenue for the latest period is 44,956,230,270 CNY, and its outlook for the current fiscal year is positive, with a projected growth rate that aligns with the industry's median performance. The company's capital expenditure of -3,505,963,650 CNY indicates a reduction in investment, which may be a strategic move to preserve cash or a reflection of a mature business cycle.
The company's risk assessment indicates a medium level of liquidity risk and a low level of dilution risk. The key flag of negative net cash after subtracting total debt suggests that the company may need to manage its cash flow carefully to maintain its liquidity position. The company's dilution potential is low, and there are no significant adjustments applied to its valuation metrics.
Recent events and filings do not provide specific details on the company's operations or strategic initiatives. The company's analyst estimates suggest a mean price target of 57.70 CNY, with a mean recommendation of 1.67, indicating a generally positive outlook from analysts.
- The company has a balanced capital structure with a debt-to-equity ratio of 0.58.
- The company's return on equity of 16.72% and return on assets of 7.94% indicate strong profitability.
- The company's liquidity position is moderate, with a current ratio of 1.08.
- Analysts have a generally positive outlook, with a mean price target of 57.70 CNY.
- The company's revenue is primarily concentrated in the automobile industry.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 4,97 |
| Revenue | —no estimate | —no estimate | 50,6B CNY |
| Operating income | —no estimate | —no estimate | 4,7B CNY |
Options
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Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- 603049.SS Market data — financials · 2026-05-27
- Zhongce Rubber Group Co Ltd Market data — analyst estimates · 2026-05-27