On October 14, Qingdao Taitong Tyre Co., Ltd. (Techking Tires) held an online roadshow for its public stock issuance to qualified investors and officially listed on the Beijing Stock Exchange on October 15. 

Techking issued 44.25 million shares at RMB 7.50 per share, with a P/E ratio of 11.02. The total raised capital reached RMB 332 million, which will be used to upgrade its full-range specialty tire products, build an R&D innovation center, and enhance its intelligent management system.

Chairman and General Manager Mr. Wang Chuanzhu stated that the listing marks a new chapter for Techking. Leveraging the capital market, the company will continue to operate with integrity, drive innovation, and move steadily toward its vision of becoming a global leader in mining and construction tires.

From 2022 to 2024, Techking’s revenue grew from RMB 1.80 billion to RMB 2.29 billion, with net profit rising from RMB 108 million to RMB 157 million. For January–September 2025, the company expects revenue of RMB 1.9–1.965 billion, representing a 12–16% year-over-year increase.

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