Guizhou Tyre’s revenue in 2024 exceeded 10 billion yuan, reaching 10.69 billion yuan (about £1.1 billion; €1.31 billion), an increase of 11.35 per cent compared with 2023. However, the company – which largely trades under the Advance tyre brand in Europe – saw net profit in the reporting period decline, down more than 25 per cent year-on-year. Net cash flow decreased by 63.17 per cent year-on-year, a significant decline. However, with developments including starting the production of car tyres during 2025, a number of opportunities remain.
Membership Required
This is a short extract. Tyrepress and Tyres & Accessories subscribers can log in below to read the full article.
Log in
If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.
Subscribe now
Becoming a member has benefits such as:
- Read our sector-leading articles in full
- Full analysis of tyre business segments
- Read Tyres & Accessories magazine online/in print
