Prinx Chengshan reports higher first-half profits amid tire volume growth

Chinese tire giant Prinx Chengshan Holdings has posted a strong first-half performance for 2026, with profits and revenue both rising year-on-year. The group sold 14.8 million tires in the first six months, up 4.4% compared to the same period last year, driven by a 4% increase in tire volumes. Revenue climbed 1.4% to Yuan 5.8 billion (€740 million), though profit attributable to shareholders fell 18.5% to Yuan 414 million due to volatile raw material prices, exchange-rate swings, and a complex global trade environment. Prinx described its core business as “sound” despite “periodical pressure on short-term profitability.” Revenue from all-steel radial truck tires surged 5.1% to Yuan 3.32 billion, while semi-steel passenger car tire revenue dropped 4.4% to Yuan 2.35 billion. Group revenue from bias and off-the-road (OTR) tires jumped 30.8% to Yuan 110 million. Domestic distribution in China grew 18.1% to Yuan 1.20 billion, while overseas sales reached Yuan 3.59 billion. Sales to OEMs rose 25.8% to Yuan 1.00 billion, helping offset short-term pressure from structural adjustments in international channels. Prinx emphasized its focus on high-end products, green transition, and global expansion, leveraging its product portfolio and global production footprint for long-term growth. The company reported efficient operations at its Shandong and Thailand plants, with construction at its new Malaysian facility progressing as planned. The first tire is expected to roll off the Malaysian production line in Q4 2026, with full capacity ramping up from 2027. Prinx has also completed trial production of giant-size tires and established a digital R&D system. The report was published by the European Rubber Journal on 26 August 2026.