Sailun Group Ranked 8 out of Top 100 Qingdao Manufacturers
Sailun Group was awarded eighth place in the top 100 Qingdao private companies. This year’s 2020 Qingdao Private Company Top 100 event took place at the Huanghai Hotel in Qingdao on August 12, 2020. The event also witnessed the establishment of the Jiaodong Economic Circle Business Alliance on the same day.
Honorable guests issued the awards including Wang Luming, Qingdao Vice Mayor, and Wang Jiujun, Member of the Qingdao Municipal Standing Committee and head of The United Front Work Department of CPC Central Committee. Sailun Group representatives to accepted the award at the podium, included Liu Yanhua, Vice Chairman and Executive Vice President of Sailun Group, and Qu Wei, Vice Secretary of the Group Party Committee.
Liu Yanhua, Vice Chairman and Executive Vice President of Sailun Group accepted the award at the podium.
Sailun Group has been diligent in developing great tires since the company’s founding in 2002. The company has continued to invest in basic R&D, applying new tire materials, and industrial Internet of Things (IoT).
Qu Wei, Vice Secretary of the Group Party Committee accepted the award at the podium.
Sailun Group overcame many challenges and progressed steadily. In the face of the abrupt COVID-19 pandemic in the first half of 2020, the group proactively addressed social responsibilities, protected its employees' health, and adjusted its operation strategy. The company has been customer and market-focused in the development of downstream sales channels. Moreover, the company responded to market demands and expanded production in multiple sites in China’s Shenyang and Dongying, as well as abroad in Vietnam. To address conventional tire manufacturers' digitalization transformation bottlenecks, Sailun Group has become the first company in the world to use a rubber industrial IoT platform known as“Eco-Rubber Cloud”. Sailun has also partnered up with the AI technology specialist iFlytek to build an AI innovation center. Sailun Group also signed a strategic partnership agreement with China Minsheng Bank to launch its digital marketing campaigns in China.
In 2019, Sailun Group's revenue increased by 10.55% Year-on-Year to reach 15.13 billion CNY. Despite the impact of the COVID-19 pandemic during the first quarter of 2020, the company maintained a 47.67% growth rate and reported a net profit of 2.72 billion CNY. At the 17th World Brand Summit that took place on Aug. 5, 2020, Sailun Group’s brand value of 50.87 billion CNY earned it a ranking of 124th out of China’s Top 500 Most Valuable Brands. The company brand value increased by 26% (10.6 billion CNY) compared to 2019.
Sailun believes the private sector business environment can be further optimized in the future with continuous support from national policies and Chinese government agencies. Sailun Group uses this opportunity to further develop its global tire brand and create new advantages for Chinese brands.