Double Coin Q3 revenue plunges on yr
2017-10-31 10:16:51Editor：AmandaFont Size：Big Medium Small
Shanghai Huayi (Group) Co., released Oct. 26 the financial results for the third quarter this year.
In July – Sept., the group’s tire business realized operating revenue of 5.99 billion yuan, down 11.84% from the same period last year.
The gross profit margin was 11.40%, representing a decrease of 2.26 percentage points from a year ago.
Huayi Group is the parent company of Double Coin Tires.
The group changed the tire producer’s name in July from Double Coin Tires Co., Ltd. to Double Coin Tires Group Co., Ltd. for operating and development consideration.
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