Qingdao Double Star Tire Sales down 16.06% in H1’ 2014
2014-9-3 10:12:33Editor：AmandaFont Size：Big Medium Small
Qingdao Double Star Tire announced recently that the company realized 2.2 billion yuan of revenue in the first half year of 2014, down 16.06% compared to the same period in 2013.
However, its gross profit jumped 284.2% to 23.6 million yuan, and net profit also yearly raised 146.99% to 25.7 million yuan in the same period.
To be mentioned, Double Star Tire expanded its investment on new tire research, up 53.42% to 27.4 million yuan.
Its green tire intelligentized production base, with a total investment of 3.5 billion yuan, has been expensed 160.83 million yuan.
(By Amanda, mol@tireworld.com.cn)
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
