Zhitong Financial APP learned that Shoushou Baojia (00103) increased by as much as 26 per cent in midday trading, with shares up more than 35 per cent in the past two days. As of press time, Shoushou Baojia rose 18.84% to HK $0.41, with a turnover of HK $13 million.

In the environment of skyrocketing raw materials and tight production capacity, the tire industry has raised prices again since November after the price increase in October. This month, including China Strategic, Racing Wheel and other about 20 tire companies issued price increase letters. According to the financial report of triangle tire (601163.SH), the market price of steel cord increased by 21.3% in the third quarter of this year compared with the same period last year, and increased by 40.8% compared with the same period last year.

Chief Baojia (00103) is mainly engaged in the production and sales of steel cord and cutting steel wire, the customers are mainly downstream tire enterprises, and the company's controlling shareholder is Shougang Group. In the first half of this year, the company achieved revenue of HK $1.283 billion and a profit of HK $52 million.