On March 25, Daye Shares disclosed its performance of 2019, in 2019, the realized operating revenue was 2.73 Billion Yuan, with a year-on-year increase of 11.91%; the realized net profit was 152 Million Yuan, with a year-on-year decrease of 25.87%.
The 2020 operation plan of Daye Shares includes: vigorously develop steel cord products, accelerate construction of the third phase with an annual output of 200000 tons of steel cord for radial tires and enrich the product structure; vigorously exploit the overseas business while consolidating the existing domestic market share, focus on development of new clients and high-end clients; actively promote construction of “smart factory” for steel cord and gradually promote and cover all production and manufacturing systems of the company; and build overseas factory and gradually build the production base layout with global competitiveness.
At present, Daye Shares mainly produces two series of products, general and high-performance bead wires and has dozens of specification and models in total, with its clients all over domestic and overseas markets. From 2016 to 2019, the total output of bead wires of the company was respectively 207900 tons, 233200 tons, 249600 tons and 277300 tons, and the output of 2017 and 2018 respectively accounted for 28.35% and 28.88% of domestic market share, the industrial position of the company was prominent.
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