The unique feature of the report. This paper analyses the Chinese tire industry's development status, the competitiveness of the industry from the perspective of building the industry's international competitiveness indices, two from the static and dynamic aspects of the competitiveness of China's tire industry analysis, eventually come to the conclusion: China's tire industry is Strong international competitiveness. On this basis, we focus on tire production category of listed companies - Fengshen shares a brief analysis. Earlier, the industry there is no report of the depth of tire industry.
Development of the Chinese tire industry. China has already formed a relatively complete system of the tire industry; on the production, from 2004, China has become the world's largest tire country. With the development of China's tyre industry, tire exports are steadily increase, beginning in 2004 the export of tyres Inflatable Castles has been the first largest in the world. At the same time, in recent years, China's tire production technology constantly improving, the rate in the meridian of continuous improvement, 2006 Meridian rate has reached around 64%. After these years of development, although China has a tire producer, but not a tire production power. One of the major reasons for the tire industry as a micro-basis - tire business is not strong. Outstanding performance relative to international giants, the domestic tires the size of the business very small at the same time, the state-owned enterprises tire market position to be improved.
Development of the world tire industry. In recent years, the world tire market Asia-Pacific, North America and Europe tripartite confrontation, the tire industry is gradually shift to the Asia-Pacific region, China has become the world's largest tire producer and an important exporter. The future of the world tire market competition will focus on child car market in 2010 before the project child will become the world tire industry a major profit growth point. From the world's tyre industry characteristics: a large tire companies and groups of growing; research and development efforts has been continuously strengthened, innovations have emerged a large number; tire giant places great emphasis on brand building, those in brand building on the edge of the enterprise is expected in the new one Round win in the competition.
China's tire industry competitive analysis. We turn first to design the Chinese tire industry metric international competitiveness of the index system. On this basis, as a static analysis and dynamic analysis to respond to changes in the competitiveness of industry trends. Eventually we come to the conclusion: China's tire industry has strong international competitiveness; As the world tire industry gradually shift to China, the Inflatable Castles Chinese tire industry in the world market position gradually raised the level of increase as technology, the Chinese tire industry There is still a room to grow. Considered, we tire industry to "overweight" investment rating.
Analysis of the company. Chapter in our company to focus on tires listed companies - Fengshen shares a brief analysis. November 2007, China formally entered the Feng Shen Hao shares, the future development will be subject to the Feng Shen Hao, the strategic layout. June 2, 2008, Fengshen shares notice of additional directional May 30 approved. M & A has begun to consider substantive, not considered dilutive factors, we expect this year EPS is expected to reach 1.0 yuan, is expected to reach 1.5 yuan next year. We maintain the Inflatable Castles Fengshen shares "buy" rating.