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:
Apollo Tyres Limited
sales of 175.49 billion Indian Rupees [US$2.38 billion]
of which 71%
Toyo Tire Corp
(377.46 billion Japanese Yen [US$3.57 billion]
of which 88%
was Tire Business), and
Shandong Linglong Tyre Co Ltd
based in CHINA
(17.16 billion Chinese Renmimbi [US$2.52 billion]
of which 69%
was Tire Business-Mainland and HK).
During the year ended December of 2019, sales at
Cheng Shin Rubber Industries Company Limited were 109.51 billion Taiwanese Dollars (US$3.74 billion).
a very small
increase of 0.3%
versus 2018, when the company's sales were 109.22 billion Taiwanese Dollars .
Despite this increase, sales are still
below the level achieved in 2017, when Cheng Shin Rubber Industries Company Limited
reported sales of 112.31 billion Taiwanese Dollars .
Sales of Corporate saw an increase
that was more than double the company's growth rate: sales were up
42.4% in 2019, from
9.28 billion Taiwanese Dollars to 13.21 billion Taiwanese Dollars .
Not all segments of Cheng Shin Rubber Industries Company Limited experienced an increase in sales in 2019:
sales of China Cheng Shin and Xiamen Haiyan fell 8.0% to 34.11 billion Taiwanese Dollars .
Cheng Shin Rubber Industries Company Limited also experienced decreases in sales in
Other Main Operation (down 0.3% to 20.67 billion Taiwanese Dollars )
Xiamen Cheng Shin (down 0.2% to 16.04 billion Taiwanese Dollars )
Taiwan Cheng Shin and Maxxis Trade (down 3.1% to 14.16 billion Taiwanese Dollars )
Thailand Cheng Shin (down 1.3% to 11.31 billion Taiwanese Dollars )