Cheng Shin Rubber Industries Company Limited operates within the Tires and inner tubes sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Cheng Shin Rubber Industries Company Limited with three other
tire manufacturers in Asia:
Toyo Tire Corp
sales of 393.22 billion Japanese Yen [US$3.57 billion]
of which 87%
was Tire Business),
Kumho Tires Company Incorporated
of South Korea
(2.56 trillion Korean Won [US$2.21 billion]
of which 57%
was Finished goods), and
Shandong Linglong Tyre Co Ltd
based in China
(15.30 billion Chinese Renmimbi [US$2.23 billion]
of which 74%
was Tire Business-Mainland and HK).
During the year ended December of 2018, sales at
Cheng Shin Rubber Industries Company Limited were 109.22 billion Taiwanese Dollars (US$3.65 billion).
decrease of 2.7%
versus 2017, when the company's sales were 112.31 billion Taiwanese Dollars.
Contributing to the drop in overall sales was the 10.7% decline
in Thailand Cheng Shin, from 12.83 billion Taiwanese Dollars to 11.46 billion Taiwanese Dollars.
There were also decreases in sales in
Other Main Operation (down 8.4% to 20.73 billion Taiwanese Dollars)
Xiamen Cheng Shin (down 8.4% to 16.07 billion Taiwanese Dollars)
Taiwan Cheng Shin and Maxxis Trade (down 0.5% to 14.61 billion Taiwanese Dollars)
However, these declines were partially offset by the increase in sales of
China Cheng Shin and Xiamen Haiyan (up 2.6% to 37.08 billion Taiwanese Dollars)
Corporate (up 9.5% to 9.28 billion Taiwanese Dollars)