Xingyuan Group has said its sales performance has been good in the past few years with sufficient orders coming in.
The company owns two production lines of all-steel tires with combined capacities of 5.8 million sets a year, both based in Guangrao county of Dongying city, Shandong province.
In January-September 2016, the all-steel tire sales of Xingyuanexceeded its output thanks to the recovering demands.
Replacing tire accounts for about 71.53 percent of the total sales of Xingyuan on the domestic market.
Xingyuan has signed cooperation agreements with more than 300 dealers in 32 provinces, municipalities and autonoumous regions across China.
These dealers sell tires for Xingyuan. In major regions or distant areas, the dealers set up outlets for direct selling.
Provinces of Henan, Hebei, Shandong, Jiangsu, Fujian, Zhejiang and Liaoning consume the most all-steel tires of Xingyuan Group.
Sales in Liaoning province, northeast China, takes up 7.02 percent of Xingyuan’s all-steel tire sales in China. Hebei province, north China, takes up 6.29 percent. Henan province, 6.81 percent. Shandong province, 4.52 percent. Jiangsu province, 4.52 percent. Fujian province, 4.93 percent.
The consumers usually pay Xingyuan Group in the second month after the orders aredelivered.
For the major and trustful consumers, Xingyuan allow them to pay the money in a delay of one to three months.
The top five clients contribute relatively low proportions to the total operational revenues of Xingyuan, demonstrating the tire maker does not rely much on any single major consumer.
By September 30 of 2016, exports took up 18.79 percent of Xingyuan’s total sales. Its export destinations mainly include the Middle East, Africa, Europe, Australia, Southeast Asia, Latin America, Singapore, Hong Kong and Macau.
