Sailun Jinyu's net drop in Q1'
2015-5-5 23:06:34Editor：AmandaFont Size：Big Medium Small
Sailun Jinyu Tyre recently announced that the company post 66.88% of net profit decrease in the first quarter of 2015, and its revenue also drops 17.05% compared to the same period of 2014.
Sailun Jinyu said due to depressed market demand in China's market and heavy tax collected by U.S., main profitable production decreased its contribution. Adding to marriage with Shandong Jinyu Tyre increasing Sailun's profit in the same period of 2014, Sailun Jinyu Tyre faces strong earning pressure this year without new aquisition.
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
