Recently, the 2022 China Rubber Industry Association's top 100 enterprises shortlist was released. Among the top 100, Qingdao enterprises occupied 12 spots.

Sailun Group is a global influential tire company based in Qingdao, Shandong province. [Photo/Guanhai News]

The ranking was based on the combined revenue in the fourth quarter of 2020 and the first three quarters of 2021, and it was divided into four categories of tires, non-tires, raw and auxiliary materials, and rubber machinery molds, according to the China Rubber Industry Association.

Three companies from Qingdao, including Sailun Group, and Doublestar Group, made the top 20 list in the tire category.

Sailun Group ranked third on the list with a revenue of 16.71 billion yuan ($2.63 billion). Doublestar Group and Qingdao Sentury Tire Co ranked 11th and 17th with revenues of 6.95 billion yuan and 5.04 billion yuan, respectively.

In the first three quarters of 2021, the operating revenue of Sailun Group was 13.25 billion yuan, up 18.65 percent year-on-year.

Doublestar Group is a rubber enterprise in Qingdao, Shandong province. [Photo/Guanhai News]

In the face of adverse factors such as increased export costs and soaring raw materials prices caused by the ongoing COVID-19 pandemic, Qingdao Sentury Tire Co completed the production of 22.44 million tires in 2021, an increase of 11.3 percent year-on-year. Its operating revenue reached 5.18 billion yuan, up 10.03 percent.

Six Qingdao companies made the top 20 list in the non-tire category, while two Qingdao companies were included on the top 10 list of the rubber machinery mold category.