Cheng Shin Rubber Ind stock (TW0002105007): Q1 net profit T$1.86 bln

Cheng Shin Rubber Ind reported Jan-Mar net profit of T$1.86 billion and revenue up 5% to T$18.2 billion, driven by bicycle tire demand. Shares closed at 31.20 TWD on May 13, 2026.

Cheng Shin Rubber Ind, the world's largest bicycle tire maker, posted a net profit of T$1.86 billion for the first quarter ended March 2026, according to Marketscreener as of 05/14/2026. Revenue rose 5% year-over-year to T$18.2 billion TWD, reflecting strong demand for two-wheeler tires amid global cycling trends. The stock ended at 31.20 TWD on the Taiwan Stock Exchange on May 13, 2026, down 2.04% that day but up 5.76% year-to-date, per the same source.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Cheng Shin Rubber Ind. Co., Ltd.
• Sector/industry: Tires & Rubber Products
• Headquarters/country: Taoyuan, Taiwan
• Core markets: Americas, Europe, Asia, others
• Key revenue drivers: Bicycle tires, motorcycle tires
• Home exchange/listing venue: Taiwan Stock Exchange (2105)
• Trading currency: TWD

Cheng Shin Rubber Ind: core business model

Cheng Shin Rubber Ind Co Ltd manufactures and sells tires and rubber products, primarily radial tires for automobiles, trucks, motorcycles, bicycles, and inner tubes. Founded in 1967 and based in Taoyuan, Taiwan, it operates factories in Taiwan, China, and Vietnam, serving global markets including the US through brands like Maxxis and CST, according to company data via Marketscreener as of 05/13/2026. The firm employs 26,726 people and focuses on high-volume production for OEMs and aftermarket.

Main revenue and product drivers for Cheng Shin Rubber Ind

Bicycle tires represent over 25% of global market share, driving significant revenue, while motorcycle tires contribute around 40%, with strength in Asia and North America. Q1 2026 revenue of T$18.2 billion reflected 5% growth, fueled by e-bike and premium sport bike tires, as reported in Ad-hoc-news as of 04/30/2026. Full-year 2025 revenue reached T$72 billion per annual report published March 15, 2026.

Industry trends and competitive position

The global tire industry sees rising demand for sustainable and lightweight tires, particularly for e-bikes and EVs, where Cheng Shin Rubber Ind holds a leading position in bicycle segment. Its exposure to US aftermarket via Maxxis brand provides relevance for American investors tracking Asia supply chains.

Why Cheng Shin Rubber Ind matters for US investors

Listed on Taiwan Stock Exchange with Xetra access for European traders, Cheng Shin supplies tires to US bike and motorcycle markets, benefiting from North American demand. Year-to-date gains of 5.76% as of May 13, 2026, highlight stability amid cycling boom post-pandemic.

Conclusion

Cheng Shin Rubber Ind delivered solid Q1 2026 results with net profit of T$1.86 billion and 5% revenue growth to T$18.2 billion, underscoring its dominance in bicycle tires. Shares traded at 31.20 TWD on May 13 amid a 5.76% YTD rise. Investors monitor ongoing two-wheeler demand and global supply dynamics.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.