Qingdao Doublestar releases H1 performance

Qingdao Doublestar Co., Ltd. released Aug. 31 the interim report.

During the reporting period, the company’s operating revenue totaled 2.07 billion yuan, down 15.71% year on year.

But its net profit attributable to shareholders grew 6.11% to 57.32 million yuan.

Excluding non-recurring items, the company’s profit was 42.15 million yuan, down 17.69% year on year.

Qingdao Doublestar’s tire business revenue lessened 6.57% to 1.74 billion yuan.

Qingdao Doublestar Tire Industry Co., Ltd.’s operating revenue was 993 million yuan, and Doublestar Dongfeng Tire Co., Ltd.’s operating revenue was 537 million yuan.

In addition, the gross profit margin of Qingdao Doublestar’s manufacturing sector was 18.5%, up 0.94% year on year.