Michelin's operating profit in 2015 increased by 12.2% year-on-year

It is reported that this is mainly due to the growth of the passenger car tire and light truck tire market (up 6.
7%)
.
In the fourth quarter of 2015, tire sales increased by 4.
2%, while tires for passenger cars and light trucks increased by 8.
7%.

It is worth mentioning that Michelin's operating margin increased
significantly due to the good performance in the second half of 2015 (12.
3%).
Passenger car tires and light truck tires both increased by 12.
2%, an increase of 2.
6 percentage points compared with the second half of 2014.
Truck tires increased by 11.
1%, an increase of 2.
6 percentage points compared to the second half of 2014; Specialty tires grew 18.
6%
for the full year.

It is not difficult to find through the financial report that of all the group's revenue, RMB revenue accounts for 5% of the whole, ranking third
after the US dollar and the euro.

According to Michelin Group Lin's CEO Sunald, in 2015 our tire sales outpaced market growth, gained new market share, and significantly improved our growth rate and margin, thanks to the Group's higher product quality
.
Looking ahead to 2016, we will continue our efforts
.
There are four main areas: strengthening customer service, simplifying operating procedures, deploying digital solutions and improving team capabilities
.

The Michelin Group also predicts that the market for cars and light trucks and truck tires will continue to rise in 2016, maintaining the trend
of 2015.

For 2016-2020, Michelin set higher targets
.
Operating profit before deducting non-recurring profit and loss will reach 11%-15% for cars and light trucks, 9%-13% for truck and bus tires, and 17%-24%
for special tires.