Gui Zhou Tyre Co Ltd

Guizhou Tyre released its 2026 interim report. Total operating revenue was 5.739 billion yuan, an increase of 546 million yuan from the same period last year, up 10.51% year on year, marking five consecutive years of growth. Net profit attributable to the parent company was 358 million yuan, an increase of 110 million yuan from the same period last year, up 44.23% year on year. Net cash inflow from operating activities was 628 million yuan, up 621.59% year on year, marking two consecutive years of growth. The company's latest asset-liability ratio was 51.38%, gross margin was 19.42%, return on equity was 3.89%, and diluted earnings per share was 0.23 yuan. The number of shareholders was 54,700, and the top ten shareholders held 28.25% of the total share capital.

CFMoto announced that its wholly-owned subsidiary CFP has received a total of US$38.6079 million in IEEPA tariff refunds from the United States, equivalent to approximately 262 million yuan. This is the highest refund amount received by any A-share company based on the US International Emergency Economic Powers Act. After accounting for income tax expenses of the US subsidiary, the refund is expected to boost the company's 2026 net profit by approximately 183 million yuan, representing 10.95% of the most recent audited net profit. The refunds stem from a US Supreme Court ruling in February 2026 that invalidated IEEPA tariffs, with US Customs initiating refunds on April 20. As of August 12, at least nine A-share companies have disclosed receiving refunds, totaling over US$90 million. CFMoto leads in refund amount, while Huahai Pharmaceutical, Guizhou Tyre, and Yindu Kitchen Equipment each received over US$10 million.

Guizhou Tyre's wholly owned subsidiary, Guizhou Qianjin Tyre Investment, has completed the overseas investment filing for its smart manufacturing project in Morocco, which will produce 6 million semi-steel radial tyres annually. It has obtained the Enterprise Overseas Investment Certificate issued by the Guizhou Provincial Department of Commerce. As of the announcement date, all required domestic approval and filing procedures for the project have been completed, including consent from the Guizhou State-owned Assets Supervision and Administration Commission and the overseas investment project filing with the Guizhou Provincial Development and Reform Commission. The project was approved at the sixth meeting of the company's ninth board of directors on 5 January 2026. The company stated it will accelerate preliminary work such as obtaining project entry permits and establishing the Moroccan subsidiary, striving to start project construction as soon as possible, while noting that the application process for relevant procedures involves uncertainty.

Guizhou Tyre announced that its wholly-owned overseas subsidiary NACTR has recently received refunds from US Customs and Border Protection, with cumulative tariff and interest refunds totaling approximately 11.983 million US dollars, equivalent to about 81.36 million yuan. The refunds stem from a US Supreme Court ruling that invalidated the relevant tariff measures. The amount is planned to be recognized in the current profit and loss for 2026, with the final impact subject to audit results.