1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Qingdao Doublestar Co.,Ltd

Qingdao Doublestar Co.,Ltd

000599.SZ
Qingdao Doublestar Co.,LtdCN flagShenzhen Stock Exchange
4.22
CNY
-0.12
- -
3.45BMarket Cap
Qingdao Doublestar Co.,Ltd
000599.SZ
(Shenzhen Stock Exchange)

Recent

price

4.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.1
12.24
11.25
9.53
7.52
4.4
7.24
5.85
4.08
5
5.67
4.78
4.81
5.81
5.31
5.67
4.52
Revenue per Share
0.07
0.07
0.04
0.05
0.11
0.09
0.14
0.16
0.03
-0.33
-0.04
-0.39
-0.74
-0.22
-0.44
-0.44
-0.15
Basic EPS, GAAP
-0.56
0.02
0.28
0.57
0.54
-0.7
-1.99
-3.13
-0.64
-1.37
-0.55
-0.32
0.21
0.05
-0.55
-0.36
-0.32
Free Cash Flow per Basic Share
0.13
0.21
0.21
0.18
0.17
0.12
0.09
0.16
0.17
0.18
0.25
0.19
0.2
0.19
0.18
0.15
0.12
Dividend per Share
1.87
1.95
1.96
1.9
2.37
1.92
2.04
2.17
1.81
1.64
1.68
1.18
0.45
0.23
-0.21
-0.65
-0.16
Book Value per Share
2.72
2.81
2.8
2.71
4.24
3.48
3.53
3.58
3.79
3.83
3.9
3.32
2.46
2.1
1.69
1.22
0.53
Tangible Book Value per Share
520
516
525
553
529
681
681
683
917
825
779
821
813
801
817
817
2,275
Basic Weighted Avg Shares
5,778
6,315
5,909
5,272
3,978
2,994
4,928
3,998
3,745
4,124
4,421
3,925
3,910
4,656
4,335
4,631
10,290
Sales/Revenue/Turnover
1.61
2.07
1.97
2.69
3.24
4.15
2.88
6.79
4.12
-5.81
1.7
-8.98
-11.2
-1.78
-4.61
-5.53
4.24
Operating Margin (%)
235
255
251
234
218
151
134
185
230
256
346
410
413
408
368
371
- -
Depreciation Expense
36
36
21
28
58
61
95
109
28
-272
-31
-320
-602
-176
-356
-360
-344
Net Income, GAAP
12.16
9.84
44.23
45.12
26.27
16.07
17.7
17.67
- -
- -
- -
- -
- -
- -
- -
- -
97.16
Effective Tax Rate (%)
0.63
0.57
0.36
0.52
1.46
2.05
1.93
2.73
0.73
-6.6
-0.71
-8.16
-15.39
-3.78
-8.21
-7.77
-3.34
Profit Margin (%)
-488
-696
-300
53
401
732
547
-70
400
-245
-1,004
-1,550
-2,461
-1,966
-2,573
-4,047
-3,387
Working Capital
488
164
433
630
113
575
496
842
170
1,127
741
839
487
1,358
1,323
289
733
LT Debt
1,479
1,515
1,536
1,559
2,503
2,595
2,700
2,807
3,852
3,633
3,521
3,130
2,383
2,083
1,728
1,334
1,539
Total Equity
2.61
3.58
1.95
2.33
2.67
2.68
2.82
4.42
- -
- -
- -
- -
- -
- -
- -
- -
0.18
Return on Invested Capital (%)
3.41
4.64
2.75
2.64
4.5
4.71
5.58
5.06
- -
- -
- -
- -
- -
- -
- -
- -
-13.4
Return on Capital (%)
3.82
3.65
2.07
2.66
5.05
4.79
7.07
7.6
1.75
-18.11
-2.34
-28.11
-90.19
-64.22
- -
- -
-191.65
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
3,467
3,834
4,709
LT Borrowings
1,323
1,264
733
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
817
817
817
Market Capitalization
3,197
9,735
12,055

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,178
3,185
3,266
Cash, Cash Equivalents & STI
877
1,043
1,066
Accounts Receivable, Net
541
571
647
Inventories
1,035
1,011
1,019
Total Current Liabilities
5,751
5,965
6,654
Payables & Accruals
- -
- -
- -
ST Debt
3,467
3,834
4,709
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.09%
-17.48%
-22.79%
Free Cash Flow
-139.94%
-320.01%
-34.5%
Net Income, GAAP
-13.52%
209.61%
1.1%
Sales/Revenue/Turnover
6.41%
1.48%
6.84%
Total Cash Common Dividend
7.64%
-8.4%
-16.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,181
1,098
1,043
1,013
4,335
2025
7,097
1,137
1,139
- -
4,631
2026
6,629
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
- -
- -
- -
-0.44
2025
0.02
- -
- -
- -
-0.44
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
- -
- -
0.18
2025
0.08
- -
- -
- -
0.15
2026
0.06
- -
- -
- -
- -
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Business
Qingdao Doublestar Co., Ltd (000599.SZ) manufactures and sells tires primarily under the Doublestar Tire brand in China and internationally; its core products include all-steel radial tires for trucks and buses, semi-steel radial tires for passenger cars, and engineering tires for giant mines; the company also engages in intelligent equipment and green ecological new materials. Founded in 1921 and headquartered at No. 666 Lianghe Road, Huangdao District, Qingdao, China, it operates as the only state-owned listed tire company in Shandong Province following a 2008 restructuring that shifted focus from shoes and clothing to tires. Recent major developments include acquiring a 45% controlling stake in South Korea's Kumho Tire for approximately RMB 3.9 billion in July 2024 to integrate global production capacity and enhance market share, purchasing 100% of Shandong Hengyu Technology Co., Ltd for RMB 899 million in 2025 to upgrade high-end tire facilities, and implementing mixed ownership reform in July 2020 as Qingdao's first state-owned enterprise to transition from wholly state-owned status.