As the world's largest producer, consumer, and exporter of tires, China's tire industry has become increasingly notable on the global stage in recent years. Its growing scale and strength have propelled a group of world-leading upstream enterprises.

Rubber Machinery Sector: Mesnac Co., Ltd.

In the June 2025 issue of the European Rubber Journal, the publication released its global rubber machinery industry sales revenue rankings. Mesnac (MESNAC) held onto the top spot for the third consecutive year.

Mesnac Co., Ltd., founded in 2000, focuses on the R&D and innovation of application software and intelligent equipment for the rubber industry. We provide tire manufacturers with integrated intelligent solutions combining software and hardware for comprehensive management and control. Our expertise also extends into diverse fields including the Internet of Things (IoT), RFID, automated logistics, and new rubber materials.

In recent years, Mesnac has earned prestigious accolades such as National Intelligent Manufacturing System Solution Supplier and Shandong Province Intelligent Manufacturing Benchmark Enterprise. The company has been approved to establish key provincial innovation platforms, including the Shandong Provincial High-End Tire Intelligent Manufacturing Equipment Engineering Research Center and the Shandong Provincial Key Laboratory for Intelligent Manufacturing Technology of High-End Tire Equipment.

Our intelligent equipment, exemplified by the PS2A, has been featured in the National Major Equipment Briefing and has made frequent appearances on CCTV. Furthermore, multiple sets of our equipment have been included in Shandong Province's First Set of Major Technical Equipment Catalogue, further solidifying our position as a global leader in intelligent manufacturing solutions for the tire industry.

Simultaneously, the company has successfully developed novel chemical rubber mixing engineering technology. This breakthrough fundamentally disrupts the century-old physical dry mixing method traditionally used for rubber and fillers. It challenges the conventional classical wear theory in rubber materials and breaks the long-plaguing "Devil's Triangle" law that has troubled the global tire industry for decades.

In 2024, Mesnac achieved remarkable financial results:

• Total Operating Revenue: RMB 7.178 billion, representing a 27.10% year-on-year increase.

• Net Profit Attributable to Shareholders: RMB 506 million, surging 51.94% year-on-year.

• Net Profit Attributable to Shareholders (Excluding Non-recurring Items): RMB 449 million, with an even more impressive growth of 70.95% year-on-year.

Tire Mold Sector: Himile Science & Technology
While China may not yet produce the world's top tires, it is home to the world's most advanced tire mold technology! Himile Science & Technology (HIMILE) holds the largest global market share in tire mold manufacturing and maintains business partnerships with over 60 of the world's top 75 tire producers. The company serves as a premier supplier to global industry leaders including Michelin, Bridgestone, and Goodyear.

Founded in 1995 and headquartered in Gaomi City within Shandong Peninsula Blue Economic Zone, Himile has transformed over three decades from a small workshop with RMB 1 million in total assets into a diversified industrial group now valued at RMB 20 billion in total assets with an annual output value of RMB 17 billion.

The company operates across five pillar industries:

Tire molds、Casting、Mechanical parts processing、Oil & gas equipment、Heat exchangers

While actively developing new growth drivers including:

Machine tools、Chemical equipment、Compressors、Chemical products

In 2024, Himile achieved:

Operating revenue: RMB 8.81 billion (up 23.0% YoY)

Net profit attributable to shareholders: RMB 2.01 billion (up 24.8% YoY)

In April 2024, Himile inaugurated its Mexican subsidiary, expanding its global network to eight overseas operations across:

United States (established 2013)、Thailand (2014)、Hungary (2015)、India (2016)、Brazil (2020)、Vietnam (2021)、Cambodia (2023)、Mexico (2024)

This strategic expansion further strengthens Himile's worldwide service capabilities, enhancing support for global customers.

Tire Steel Cord Sector: Xingda Group
Jiangsu Xingda Steel Cord Co., Ltd. traces its origins to the Dainan Thermal Power Plant founded in 1988. The company entered the steel cord industry in 1992, restructured into a joint-stock enterprise in 1998, achieved listing on the Hong Kong Stock Exchange in 2006, and established its Shandong production base in 2011.

Xingda Company is Asia's largest production base for steel cords used in automotive tires. Its products enjoy exceptional brand recognition and represent advanced technological standards within the industry.

The company served as a drafting unit for the new national standards for automotive tire steel cords. Its R&D achievements have been honored with the Second Prize of the National Science and Technology Progress Award. Xingda has been recognized as a "National Key High-Tech Enterprise" and a "Jiangsu Province Advanced Enterprise", holding nearly 100 patents.

Currently, Xingda maintains strong cooperative relationships with world-renowned tire manufacturers. It has registered the "Xingda" trademark in 74 countries and regions, providing products and technical services to over 200 customers across more than 30 countries and regions worldwide.

Since 2016, the company has embarked on establishing its production facility in Thailand, advancing decisively toward internationalization, diversification, and intelligent manufacturing. This strategic move propels Xingda forward on its path to becoming a global leader in steel cord production.

In 2024, Xingda Group achieved record-breaking performance across key business indicators:

Annual production of steel cords and other steel wire products: 1.466 million metric tons

Total sales volume: 1.486 million metric tons

Total sales revenue: CNY 14.5 billion

Rubber Industry: Hainan Rubber
Established on March 31, 2005, Hainan Natural Rubber Industry Group Co., Ltd. (Hainan Rubber) was listed on the Shanghai Stock Exchange on January 7, 2011. As the only listed company in China's capital market covering the entire natural rubber industry chain, it is also the world's largest multinational conglomerate integrating scientific research, cultivation, processing, trade, and financial services for natural rubber.

The company operates 28 wholly-owned and holding subsidiaries domestically and internationally, controlling two overseas listed enterprises and one domestic NEEQ-listed company. Its global footprint includes:

• 29 natural rubber production bases

• 7 seedling breeding bases

• 72 primary processing plants

• Approximately 50,000 employees worldwide

With managed land assets spanning 3.28 million hectares, the company maintains:

• Self-operated rubber plantations: 2.61 million hectares (≈2% of global total)

• Processing capacity: 2.6 million metric tons annually

• Annual processing output: 1.4 million metric tons (≈10% of global production)

• Annual trading volume: 3.8 million metric tons (≈25% of global consumption)

Hainan Rubber serves as both a contributor and driving force in formulating natural rubber industry standards. Its client base spans the globe, covering all of the world's top 10 tire manufacturers.

In 2024, the company achieved:

• Operating revenue: ≈CNY 49.67 billion (31.8% year-on-year increase)

• Net profit: ≈CNY 103 million (65.2% year-on-year decrease)