ZC Rubber (Zhongce Rubber Group Co., Ltd.), China's leading tire manufacturer, has officially gone public on the Shanghai Stock Exchange (SSE) under the stock code 603049. The company issued 87.45 million shares at an offering price of RMB 46.50 per share, reaching an opening market capitalization of over RMB 45 billion.

“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,” said Mr. Shen Jinrong, Chairman and General Manager of ZC Rubber.

Mr. Shen Jinrong, Chairman and General Manager of ZC Rubber

Founded with the mission to create world-class tires for Chinese and global consumers, ZC Rubber has grown into a global tire industry leader, with a presence in over 190 countries and regions. The company is advancing the next generation of tire manufacturing through smart factories, digitalized production, and cutting-edge R&D — delivering high-performance, future-ready solutions for markets worldwide.

“We have stayed true to our focus — to build a globally respected tire manufacturer,” Mr. Shen Jinrong added.

With its successful listing, ZC Rubber aims to strengthen R&D, expand its high-end product lineup, accelerate innovation-driven manufacturing, and grow its global footprint through strategic overseas investment.

Building on its technology- and talent-driven strategy, ZC Rubber will use this milestone to drive global growth, deepen market leadership, and contribute to the tire industry’s high-quality and sustainable development.

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ZC Rubber Celebrates Landmark IPO on Shanghai Stock Exchange