Qingdao Tianchi Tyre Co., Ltd., an enterprise engaging in the manufacture of nylon bias tyre, which was founded in April 1999. We have the complete accounts, and keep the independent accounting. Our yearly production capability is more than RMB 1,500,000 Yuan. In 2004, about 40% products were sold at home, and about 60% products were exported abroad. Now we have 550 employees, 25 technicians, and total capital of RMB 51,190,000 Yuan, in which fixed assets is RMB 21,160,000 Yuan, and the floating assets is RMB 30,030,000 Yuan. The production value in 2003 was RMB 120,000,000 Yuan, while the tax paid for central and land was more than RMB 4,100,000 Yuan. The production value in 2004 was RMB 200,000,000, and the tax paid for central was more than RMB 4,410,000 Yuan. The production value in 2005 will reach to RMB 250,000,000 Yuan.

We have been stressing the contract and keeping promise. Our company had been given the title of “AAA Credit Enterprise” by Agricultural Bank of China, Qingdao Branch and Qingdao RongDa Consultant Co., Ltd. in the continued 3 years, 2001, 2002 and 2003. In 2001, we took the lead in certifying by ISO9001: 2000 Quality System in industry. Our tyres have passed the inspection of Shandong Rubber Quality Center, State Rubber Tyre Supervising and Quality Center, and Qingdao Industrial Products Quality Inspection Center. Every target has been reached or passed the national standard. And we got the Certificate for China Compllsory Product Certification in March 2003.

We have the complete quality management system, precise production equipments including inspection equipments and testing equipments, and powerful techniques. Now we have 5 series tyres, including more than 40 categories. Our leading products—“TianChi”, “ChengTian” Off Highway Equipment Tyre, High Capacity Tyre, Light Truck Tyre, and Agricultural Tyre have been well sold to Middle East, Africa, Southeast Asia, and some internal provinces and cities such as Jilin, Heilongjiang, Liaoning, Guangzhou, Hubei, Sichuan, Chongqing, Gansu, etc. And they were given the honor that the content brand for customers without quality or service complaint by China Quality Long March in August 2002.