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Chinese tire maker focused on exporting passenger and light-truck tires, including to the US and Europe.
Chinese tire maker focused on exporting passenger and light-truck tires, including to the US and Europe.
Moat: none. Competitive tire exporter exposed to anti-dumping/tariff actions.
Headquarters: Qingdao, Shandong, China · Employees: 3,935
Size Qingdao Sentury Tire (002984.SZ) is a China Consumer Discretionary company (Automotive Aftermarket) with a market value of $2.62B, the 988th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.93 on 6 Nov 2026.
Performance Over six months the shares fell 24.7%, against -3.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 1.7% over the last twelve months (peer median +4.7%); the operating margin is 8.3% (peer median 8.3%).
Valuation It trades at 16.7× forward earnings against a peer median of 17.4× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points above its cost of capital (6.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.75B | CN¥8.61B | CN¥8.49B | CN¥7.83B | CN¥6.28B |
| Revenue growth | — | +1% | +9% | +25% | — |
| Gross profit | CN¥1.99B | CN¥1.74B | CN¥2.70B | CN¥1.88B | CN¥1.23B |
| EBITDA | n/a | CN¥1.84B | CN¥2.73B | CN¥1.90B | CN¥1.24B |
| Net income | CN¥634M | CN¥1.12B | CN¥2.19B | CN¥1.37B | CN¥801M |
| Free cash flow | CN¥518M | -CN¥186M | -CN¥489M | CN¥1.24B | CN¥3.04M |
| Capital expenditure | CN¥691M | CN¥746M | CN¥2.46B | CN¥1.14B | CN¥1.05B |
| Total debt | CN¥2.37B | CN¥3.28B | CN¥2.23B | CN¥2.20B | CN¥2.11B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Qingdao Sentury Tire 002984.SZ | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | $2.70B | -19% | +14% | 8% | 9.7× | n/a |
| Shandong Linglong Tyre 601966.SS | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% |
| Sailun 601058.SS | $5.92B | -10% | +12% | 12% | 10.4× | n/a |
| Triangle Tyre 601163.SS | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% |
| Cheng Shin Rubber Ind 2105.TW | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% |
| Nexen Tire 002350.KS | $429M | -19% | +11% | 4% | 5.3× | -20.0% |
| Kumhotire 073240.KS | $1.12B | -9% | +2% | 12% | 4.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002984.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | +0.5% | 11th highest of 21 |
| 6-month return | -24.7% | -3.1% | 4th lowest of 21 |
| Distance from 52-week high | -44.0% | -25.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +1.7% | +4.7% | 6th lowest of 21 |
| Operating margin | 8.3% | 8.3% | 11th highest of 21 |
| Forward P/E | 16.7× | 17.4× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 3.4% | 0.0% | 7th most demanding of 16 |
| Growth delivered (Del g) | +12.8% | +8.8% | 6th highest of 16 |
| Hurdle (Req g minus delivered) | -9.4 pp | -6.4 pp | 7th least demanding of 16 |
| ROIC minus cost of capital | +0.5 pp | -0.5 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% | +12.8% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 9.7× | n/a | n/a |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% | +6.0% |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 27.4× | 19.4% | +0.9% |
| Toyo Tire 5105.T | Japan | $3.17B | +6% | +4% | 15% | 8.2× | -7.3% | +11.6% |
| Sumitomo Rubber Industries 5110.T | Japan | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% | +8.8% |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 25.6× | 1.8% | +13.7% |
| Dorman Products DORM | United States | $4.03B | +10% | +2% | 16% | 15.8× | 4.3% | +14.3% |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 31.0× | 24.9% | +15.5% |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | n/a | -2.9% | +1.0% |
| Balkrishna Industries BALKRISIND.NS | India | $4.93B | +7% | +20% | 15% | 30.5× | n/a | n/a |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% | +2.9% |
| LKQ LKQ | United States | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% | +3.3% |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | n/a | 5.9% | +8.2% |
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 23.3× | n/a | n/a |
| Hankook Tire & Technology 161390.KS | South Korea | $5.56B | +5% | +43% | 10% | 6.1× | -13.2% | +26.9% |
| MRF MRF.NS | India | $5.62B | -4% | +11% | 10% | 25.7× | 20.7% | +14.0% |
| Sailun 601058.SS | China | $5.92B | -10% | +12% | 12% | 10.4× | n/a | n/a |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 4.2× | n/a | n/a |