Giti Tire Corporation
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Jiatong Tire Co., Ltd. is a Sino foreign joint venture limited liability company listed on the Shanghai Stock Exchange, mainly engaged in the production and sales of various types of automotive tires. The predecessor of the company was Hualin Tire Co., Ltd., which was approved by the Heilongjiang Provincial Economic System Reform Commission in boldface [1993] No. 335 and No. 503 documents. It was jointly initiated by Hualin Group Co., Ltd. and five units including Heilongjiang Longhua Joint Distribution Company, and was established through targeted fundraising. Approved by the China Securities Regulatory Commission's Zheng Jian Fa Zi [1999] No. 37 document, the company issued 120 million RMB ordinary shares to the public for the first time on April 12, 1999, with a face value of 1 yuan per share and an issuance price of 3.36 yuan per share. With the approval of the Shanghai Stock Exchange, the company's shares were listed for trading on the Shanghai Stock Exchange on May 7, 1999. On July 13, 2003, Jiatong Tire (China) Investment Co., Ltd. acquired 44.43% of the company's equity through auction. In order to improve the company's profitability as soon as possible, on April 1, 2004, all of the company's assets and liabilities were exchanged with the 51% equity of Fujian Jiatong Tire Co., Ltd. owned by Singapore Jiatong Tire Private Co., Ltd. On May 18, 2005, after deliberation and approval by the shareholders' meeting and the Ministry of Commerce, the company name was changed to "GITITIRECORPORTION". The current total share capital of the company is 340 million shares, of which the controlling shareholder holds 151 million foreign corporate shares, accounting for 44.43%, 19 million other corporate shares, accounting for 5.57%, and 170 million outstanding A-shares, accounting for 50%. As an important export production base for Jiatong tires, Fujian Jiatong, owned by the company, has maintained a high development rate in recent years and has adjusted its product structure according to the market situation, continuously extending to high-end sedan radial tires. Relying on Jiatong tires' strong research and development capabilities and sales network, as well as Jiatong's consistent pragmatic and innovative spirit, the company has established a high-quality tire brand and brought stable growth returns to investors. |
| Headquarter | Mudanjiang City |
| Establish Date | 6/8/1993 |
| Listed Code | 600182.SH |
| Listed Date | 5/7/1999 |
| Chairman | Li Huaijing. |
| CEO | Fang Cheng. |
| Website | www.gititirecorp.com |
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