Operating Revenue of Aeolus Tyre Drops in Jan.-Sept.
Aeolus Tyre Co., Ltd. has released the business results for the first three quarters of this year.
In Jan.-Sept., the company’s business revenue was 4.3 billion yuan, down 12.44% year on year; the net profit attributable to shareholders totaled 181 million yuan, down 11.35%; and the net profit excluding non-recurring items was 184 million yuan, down 7.12%.
As of end-Sept., the total assets of Aeolus Tyre were 6.64 billion yuan, down 3.32%; and the net assets attributable to shareholders were 2.77 billion yuan, down 6.69%.
Cash flow generated from business operations in the first three quarters lessened 37% because of slipping sales and payment decline; meanwhile, the cash flow generated from investments rose 186% as the more investment had been paid.
In addition, its non-operating expenses surged 1735% because of increasing losses for disposal of non-current assets.
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