Guizhou Tire predicted 25 mln yuan of net in H1' 2018
On July 14, Guizhou Tire released the first half year of annual report in 2018.
The company predicted that there were 25 million - 35 million yuan of net profit belonging to shareholders in the first six months, increasing 8,351,100 yuan compared to the same period of 2017.
According to the company's report in the first quarter of 2018, the company profited 4,160,000 yuan in the first three months. In that case, Guizhou Tire at least profited 20,840,000 yuan, monthly surging 401% in the second quarter of 2018.
The company said with adjustment of production construction and sale areas coming into effection, the company's sale income showed largely growth compared to the same period of 2017, and gross profit also rose either.
Since U.S collecting anti-dumping and anti-subsidy on Chinese tires, Guizhou Tire has been in red from 2016. The company respectively lost 107 million yuan, 21.65 million yuan and 208 million yuan in the second quarter, the third quarter and the fourth quarter of 2017.
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