20240731_东海证券_轮胎行业深度报告：国内轮胎企业追赶全球头部进程几何_43页.pdf

2024 07 31 S0630517120001 S0630522020001 2 39%2%-9%25%1%-2%1%2023 330 16-60 2020 ROE ROE 2023 12%23%-4%7%2023 1 2 3 top3 1998 1.14%2022 5.32%2023/5626/2276/730 7100/3075/1305 0YCXxOqNpMmNtNpMmRpQrQ7NdNaQnPnNnPqMfQqQxPkPqQoPbRmMyRuOrRvNwMpNrR HTTP:/WWW.LONGONE.COM.CN4 Bloomberg 9%2%-9%2023 330 16-60 2017 10%-30%2022M2u1KBe36hUkhmxq2JXcPPC4iNkD3XJlIbfvIKRvuXJLH2Q6lMz+w2zOZdN0Pg9K 5 Bloomberg/2017-2023 2020 ROE ROE/ROE 2021-2022 ROE%Bloomberg 6 Bloomberg Bloomberg 10-30 2023 300 200 70 30 10 2023 2023 12%-23%-4%-7%2022 2023%7 Bloomberg Bloomberg 55%26%38%2023%8 Bloomberg%9 Bloomberg 2019 4%3%4.0 38%2.2L ERANGE|EV 5%15%7%5X290 30%3Prosuper 10 Bloomberg%Bloomberg 11 235/45R18 235/45R18 2287/1000/1069-2287 PILOT SPORT 4 4 913.5-1134 TURANZA ER33 728.25-880.5 ANX 1079-1249 P ZERO 597-705 iON evo 740-860 ES32C;695-1109 Qirin EV DC 939-1089 E01+578-989 GA5 623-916 SPORT MASTER LNC,12 Bloomberg 100.00%100.00%100.00%100.00%71.96%70.64%72.36%78.09%20.82%33.32%49.73%57.37%26.11%18.43%4.38%5.92%7.08%8.85%4.30%5.46%5.24%-2.63%-4.59%3.73%5.99%12.71%5.45%10.23%0.73%4.27%3.80%4.95%3.65%2.67%4.34%3.23%4.04%8.24%6.14%3.36%3.28%0.57%2.92%1.51%0.40%1.79%2.02%1.26%1.27%7.00%7.46%11.90%6.90%3.51%2.68%1.43%2.36%13 EPS-Bloomberg 1889,1913,1981,AirX 1992,Energy 1907,1981,Kl ber1990,Uniroyal-Goodrich2001,63;2003,XeoBib2004,ActiveWheel 2000,2001,2015,CrossClimate2017,Vision 2013,2017,PTG T l flow2015,CrossClimate2019,Uptis2018,CAMSO 2023,FlexComposite14 EPS-Bloomberg 1898,1906,1991,Aquatred Invicta GFE Wrangler GSA Eagle GSC1992,1935,Spring field Tire 1994,60%1996,Dackia50%1999,2004,Triple Tred Comfor Tred 2005,Duraseal 2008,Sport MaxxTT 2012,2001,2004,2006,2010,Concept Efficient Grip Run On Flat 2011,2011,2012,2017,2010,2014,2015,2015,2019,Raben Tire2021,Cooper Tire15 EPS-Bloomberg 1941,2012,3 2013,S 2015,Macan 2018,KINERGYASev2019,Cayenne SQ8 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