On June 5, 2025, ZC Rubber, the "domestic number one tire company", officially landed on the main board of the Shanghai Stock Exchange with an opening price of 57.00 yuan, up 22.58%. The increase subsequently narrowed and the total market value at the opening was close to 50 billion yuan.
The leading tire company with stable and outstanding performance
ZC Rubber is one of the earliest enterprises engaged in tire manufacturing in China. Its predecessor was Hangzhou Haichao Rubber Factory founded in 1958. In 1970, it began to extend its tentacles into the tire industry. In 1992, the then Hangzhou Rubber General Factory and Hong Kong-funded enterprise Zhongce Investment jointly established Hangzhou Zhongce Rubber (Stock) Co., Ltd., and gradually developed into a leading tire company in China.
At present, ZC Rubber's main products are PCR, TBR, bias tires. It owns many domestic and foreign tire brands such as Chaoyang, Good Luck, Weishi, Quannuo, Yadu, Golden Crown, WEST LAKE, GOODREDE, CHAO YANG, TRAZANO, etc. Among them, Chaoyang Tire won the "Top Ten Tire Brands" award in the ApexTire 2024 China Tire Annual Election, which shows its excellent brand market competitiveness.
ZC Rubber's performance in recent years has been very eye-catching. In 2021, 2022, 2023 and the first half of 2024, Zhongce Rubber's revenue was 30.601 billion yuan, 31.889 billion yuan, 35.252 billion yuan and 18.518 billion yuan, respectively, and its net profit attributable to the parent company in the same period was 1.375 billion yuan, 1.225 billion yuan, 2.638 billion yuan and 2.540 billion yuan, respectively. Zhongce products not only occupy an important share in the domestic market, but are also exported to more than 160 countries and regions around the world, demonstrating strong market competitiveness. According to the list of the U.S. "Tire Business", Zhongce Rubber ranks ninth in the global tire industry and has been ranked first among Chinese tire companies for 16 consecutive years.
Successful listing, a new milestone
As a leading company in the domestic tire industry, Zhongce Rubber's road to listing has attracted much attention from the market. In November 2022, Zhongce launched A-share IPO guidance, taking the first step towards listing; in February 2023, it officially submitted its prospectus to the Shanghai Stock Exchange, clearly aiming to be listed on the Shanghai Stock Exchange's main board; on March 1 of the same year, it submitted its main board IPO application, and on May 10, it entered the inquiry stage. Under strict regulatory scrutiny, it actively responded to questions from business, finance and other aspects; after layers of review and preparation, it finally opened for subscription on May 23 this year.
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