CompanyGraph
Manufactures tires at scale in its own plants and earns on the physical volume it produces and sells into both domestic and export vehicle markets.
- Depends onMidstream position: 6 outgoing, 7 incoming connections
- ScaleMarket cap is $2.13B, above the global median of $1.18B
- PositionCurrent ratio is 3.84×, higher than 95% of its Auto Parts peers (median 1.43×)
- Interpretations5 currently firing — 5
What this company is and how it runs — written from structure, not news.
CompanyGraph's mapping places this company midstream in its supply chain, with a somewhat larger number of upstream, input-side relationships than downstream, output-side ones, a shape consistent with an operation that gathers from several input sources to feed a narrower set of outward channels.
Money comes in from manufacturing and selling tires across vehicle categories into both the home market and export channels, a production-and-sale model that has translated into positive net income in every year for which CompanyGraph holds statements.
This company belongs to a very large population of companies that CompanyGraph reads as running the same kind of production system, so its scale is not distinctive by kind alone. Several balance sheet signals describe how it appears to have grown: retained earnings and shareholders' equity make up an unusually large share of how it is financed, liquidity is elevated across cash and near-cash holdings rather than concentrated in inventory or amounts owed to it, and cash on hand covers most of its debt, together describing a company funded mainly from its own accumulated earnings rather than from borrowing. Because this kind of production system converts inputs into output through fixed physical plant, growing its scale generally means adding and running more of that physical capacity, a path that tends to be slower and lumpier than scaling that does not depend on physical throughput; that last point reflects a general pattern for this kind of industry rather than something CompanyGraph has measured for this company's own expansion.
The company sits downstream of a set of supplier relationships that CompanyGraph's mapping counts but does not name individually. Its own disclosures add that some of its raw-material buying, including at its operations outside China, is priced in US dollars, tying part of its input costs to dollar markets rather than only to its home currency.
CompanyGraph's mapping shows outgoing connections from this company into other parts of the economy, consistent with a manufacturer whose output is used downstream, but it does not identify which industries or companies those downstream connections lead to.
This company's underlying way of operating, converting inputs into product through fixed physical plant, is shared with a very large population of other companies that CompanyGraph classifies the same way, which describes it as common rather than rare. The company itself names Bridgestone, Michelin, Goodyear, Continental and Sumitomo Rubber as its main competitors, but nothing in the evidence available identifies a specific capability, technology, or position that sets this company apart from them, so no claim can be made about what those competitors could or could not replicate.
CompanyGraph has not seen this company state its own capacity, approval, input, or talent limits. The general pattern CompanyGraph applies to producers of this kind treats the physical rate at which fixed plant can convert inputs into finished product, reduced by maintenance downtime and by input availability, as the typical limit on how much this kind of business can produce and sell in a period. Whether that specific limit binds for this company is not something CompanyGraph has measured here.
In its own filings, the company identifies currency movement as its principal named financial risk, because its export sales, some of its input purchases, and its operations outside China are priced or settled in currencies other than its home one; a shift in those currencies against its home currency would affect it in a way that a purely domestically priced business would not face. Its own disclosures do not point to other specific vulnerabilities such as customer or site concentration, so none are claimed here.
The company's own disclosures point to a modest legal-exposure picture, only small ordinary-course disputes it describes as immaterial, and a currency exposure that ties part of its results to the US dollar, Thai baht, Hong Kong dollar and euro because it exports tires, buys some inputs, and runs operations priced or based outside its home currency. Separately, the kind of production system this industry runs is generally exposed to swings in input costs and to physical capacity lost to maintenance, though that is a general industry pattern rather than something measured for this company specifically.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written August 2026. A question with no evidence behind it is left out rather than answered.
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Sign inWhat the company actually pays, and whether its own cash supports it.
The reported statements, read against the company's own industry.
5 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Liquidity Ratios Elevated
It can cover near-term bills from cash alone, not just from inventory.
Low-Leverage Liquidity Configuration
Cash on hand covers most or all of its debt, and its equity share of assets is high for its industry.
How is this stock valued?
High Retained Earnings With Profitability And Equity
Profits kept in the business fund much of what it owns, after five straight profitable years.
Price Below Mean With Profitability And Book Value
Price sits well below its yearly mean, on three profitable years and rising book value.
Price Below Mean With Profitability And Equity
Price sits well below its yearly mean, profitable three years, and its equity ratio is high for its industry.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.
Supply Chain
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