Sailun Jinyu lifts full-steel tire price in Q3'
2017-10-31 10:15:24Editor：AmandaFont Size：Big Medium Small
On Oct.27, Sailun Jinyu Group released its third quarter report.
During July and September, the company produced 8,966,900 units of tires, selling 9,486,000 units of tire and realizing 2.778 billion yuan of revenue.
Amongst, the company produced 7,711,100 units of half-steel tires, selling 8,144,900 units and posting 1.641 billion yuan of income.
The company said the company lifted half-steel tire price by 12.6% and full-steel tire price by 31.74%, because of raw material price rising and production structure adjustment.
In the first nine months, the company realized 10.262 billion yuan of revenue, surging 27.47%, but net profit belonging to shareholders decreased 40.72% to 181 million yuan.
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