Yanggu Huatai earns 200mln in 2017
Recently, Shandong Yanggu Huatai released its 2017 annual report prediction.
The report said that the company realized 1.635 billion yuan of operation income in 2017, year-on-year increasing 31.83%, and profit 252 billion yuan, yearly rising by 30.63%. Its net profit yearly increased 29.71% to 203 million yuan.
The company said that there were four reason helping its performance rising:
Firstly, China's environment protection policy eliminated parts of outdated production in rubber acid industry. Yanggu Huatai took advantage to expand its market share at the same time, and its production sales largely increased.
Secondly, technology upgraded helped the company's capacity utilization largely increased.
Thirdly, the company's products were in tight supply, which led to price rising.
Fourthly, the company's gross keep stable.
By the end of 2017, the company's total asset has reached 1.618 billion yuan, up 14.6% compared to the beginning of 2017.
- 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
