According to Michelin’s financial report, global sales of passenger and truck and bus tires in 2025 totaled 1.894 billion units, a year-on-year increase of 1.38%, maintaining growth for three consecutive years.
The Chinese market has become an important driving force, with sales increasing by 5% year-on-year to 382 million units, accounting for 20.18% of global sales.
Six listed tire companies in China have joined the “10 billion revenue club”, and the top three have a total revenue of more than 100 billion.
Among them, Linglong Tire, ranked third, achieved revenue of 24.642 billion yuan in 2025, a year-on-year increase of 11.72%; net profit was 1.369 billion yuan, a year-on-year decrease of 21.90%.
The main business tire product revenue was 24.475 billion yuan, a year-on-year increase of 12.22%.
In terms of regions, domestic sales were 12.545 billion yuan, and export and overseas sales were 11.930 billion yuan, a year-on-year increase of 13.22% and 11.18% respectively.
The tire output was 94.2981 million units and the sales volume was 91.3468 million units, a year-on-year increase of 5.81% and 6.90% respectively.
The cumulative supply of tires has exceeded 300 million, and it has been ranked first in China’s tire supply chain for many consecutive years.
Linglong Tire is committed to globalization and accelerating the implementation of the “7+5” strategic layout.
The Thailand factory was put into operation in February 2014, with an annual production capacity of more than 17.2 million pieces, covering market demand in Asia-Pacific, North America and Europe.
On September 13, 2024, the Zrenja plant in Serbia was put into operation and is the first production base of a Chinese tire company in Europe.
The company plans to invest US$645 million to promote the second phase of the project and create a green industrial chain from tire production to recycling.
Sailun Group ranked second, with revenue reaching a record high, a year-on-year increase of 15.69% to 36.792 billion yuan.
Net profit fell 13.30% year-on-year to 3.522 billion yuan, but it still hit the second highest level in history.
The tire output was 82.5411 million units and the sales volume was 81.1348 million units, a year-on-year increase of 10.33% and 12.44% respectively.
The “liquid gold” technology (Ecopoint3) developed by the company after ten years of research and development uses the world’s first chemical rubber mixing method to effectively solve the “devil’s triangle” problem of tire rolling resistance, wet skid resistance and wear resistance. It has provided supporting services for BYD Yuan PLUS, Qin PLUS, Song Pro, Seal, Hiace, etc., Geely Emgrand, Galaxy A7, Galaxy E5, Starship 7EM-i, Star 6, Haoyue L and other models.
In September last year, Liquid Gold Tire E01 was successfully equipped with FAW-Volkswagen’s new Jetta product Jetta VS8, achieving an important breakthrough in the field of supporting joint venture brands.
It is worth noting that overseas markets are still an important support for Sailun Group’s performance.
Last year, the overseas main business revenue was 28.226 billion yuan, a year-on-year increase of 18.54%; the gross profit margin in the overseas market reached 25.75%, much higher than the domestic 20.77%.
The company has set up factories in Vietnam, Cambodia, Mexico, Indonesia, and Egypt, and is currently the Chinese tire company with the largest overseas production capacity.
Zhongce Rubber ranks first, with revenue of 44.956 billion yuan in 2025, a year-on-year increase of 14.52%; net profit of 4.147 billion yuan, a year-on-year increase of 9.51%.
Sales volume was approximately 237 million units, of which tire sales were approximately 113 million units, and vehicle tire sales (two-wheeler tires/power vehicle tires) were approximately 127 million units.
Its predecessor was the “Hangzhou Haichao Rubber Factory” founded in 1958 on the site of Haichao Temple in Hangzhou. It initially produced rubber shoes and trolley tires, and was later merged into the “Hangzhou Auto Repair Factory Tire Retreading Workshop”.
In the mid-1960s, it was renamed Hangzhou Rubber Factory. In 1992, it established a joint venture with Hong Kong Zhongce Investment Co., Ltd. to establish Zhongce Rubber.
The company owns brands such as WESTLAKE, GOODRIDE, CHAOYANG, TRAZANO, GOLDEN CROWN, and ORNATE.
As of the end of last year, the production capacity of semi-steel, all-steel and special tires was designed to be 107 million, 27 million and 9.4 million respectively.
In 2025, Zhongce Rubber’s all-steel tire products will account for more than 20% of the Chinese market; the market share of semi-steel tires will increase from approximately 7% in 2020 to approximately 10% in 2025.
The cumulative sales of the Zhongce No. 1 series launched in December 2020 have exceeded 7 million units, making it the No. 1 sales volume of high-end tires in China.
