1. China Stocks

  2. •

    Consumer durables

  3. •

    Automotive aftermarket
Qingdao Doublestar Co., Ltd. Class A

Qingdao Doublestar Co., Ltd. Class A

SSZSE:000599
4.21
CNY
+0.07
(+1.69%)
0.39EPS
10.31BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
10.14
Basic EPS, GAAP
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
-0.02
Free Cash Flow per Basic Share
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
- -
Dividend per Share
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
0.19
Book Value per Share
2.97
3.7
3.78
3.91
4.08
4.39
4.09
4.05
3.63
2.93
2.61
1.95
1.47
2.53
Tangible Book Value per Share
2.85
3.31
3.45
3.48
3.55
3.95
3.52
3.46
3.14
2.46
2.12
1.53
1.06
2.07
Basic Weighted Avg Shares
553
529
681
681
683
917
825
779
821
813
801
817
817
1,588
Sales/Revenue/Turnover
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
16,105
Operating Margin (%)
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
8.09
Depreciation Expense
234
218
151
134
185
230
256
346
410
413
408
368
371
- -
Net Income, GAAP
28
58
61
95
109
28
-272
-31
-320
-602
-176
-356
-360
-38
Effective Tax Rate (%)
45.12
26.27
16.07
17.7
17.67
- -
- -
- -
- -
- -
- -
- -
- -
36.28
Profit Margin (%)
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
-0.24
Working Capital
53
401
732
547
-70
400
-245
-1,004
-1,550
-2,461
-1,966
-2,573
-4,047
-9
LT Debt
630
113
575
496
842
170
1,127
741
839
487
1,358
1,323
289
5,560
Total Equity
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
12,217
Return on Invested Capital (%)
0.46
1.07
1.21
1.21
2.12
- -
- -
- -
- -
- -
- -
- -
- -
3.56
Return on Capital (%)
2.25
3.4
3.22
3.92
3.82
- -
- -
- -
- -
- -
- -
- -
- -
-2.75
Return on Common Equity (%)
1.79
2.87
2.43
3.67
4.05
0.86
-7.72
-0.93
-10.18
-22.46
-7.78
-19.08
-25.75
-0.99

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,827
10,381
9,109
LT Borrowings
289
3,332
4,725
LT Finance Leases
- -
869
835
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
817
2,269
2,443
Market Capitalization
5,407
13,161
10,310

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,928
15,620
16,718
Cash, Cash Equivalents & STI
722
3,886
4,243
Accounts Receivable, Net
574
4,867
5,390
Inventories
999
5,460
5,813
Total Current Liabilities
6,975
17,979
16,727
Payables & Accruals
- -
- -
- -
ST Debt
4,827
10,381
9,109
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
7,200
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
-0.04
-0.15
-0.21
-0.44
2025
0.02
-0.1
- -
-0.12
-0.44
2026
0.02
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.04
0.05
0.04
0.18
2025
0.08
0.03
- -
0.04
0.15
2026
0.06
0.04
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xiao Xin Zhang
Full Time Employees
5,909
Sector
Consumer durables
Industry
Automotive aftermarket
Address
No. 5, Wendling Road Qingdao SD China 266400
IPO Date
Apr 30, 1996
Website
doublestar.com.cn
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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.