China’s ZC Rubber (Zhongce Rubber Group Co Ltd) has successfully debuted on the Shanghai Stock Exchange (SSE) under stock code 603049. The company’s initial public offering (IPO) of 87.45 million shares at RMB 46.50 per share has a market capitalisation surpassing RMB 45 billion, said to be a significant milestone in the company’s evolution from domestic manufacturer to global industry leader.
From its founding vision to create world-class tyres for both Chinese and international markets, ZC Rubber has grown into a formidable presence across more than 190 countries and regions.
This growth has been fuelled by the company’s pioneering investments in smart factory technologies, digitalised production systems and cutting-edge R&D, all focused on delivering high-performance, future-ready tyre solutions to global markets.
Shen Jinrong, Chairman/General Manager, ZC Rubber, said, “This IPO marks a new chapter in ZC Rubber’s journey. It is not only a financial milestone but a strong foundation for our next phase of global development. We have stayed true to our focus, to build a globally respected tyre manufacturer.”