Sailun Jinyu profits 300 mln in H1' 2018

On August 18, Sailun Jinyu released its half year performance report.

The report showed that the company's sales revenue yearly grew in the first six months of 2018, and net profit grew more.

Statistics showed that Sailun Jinyu posted 6.565 billion yuan of sales revenue during January to June, year-on-year rising by 0.59%. And net profit surged 1555.7% to 318 million yuan.

The company said that with raw materials' price down, price of purchased natural rubber yearly decreased 29.76% in the second quarter of 2018. Price of purchased synthetic rubber price yearly reduced 8.74% at the same period. Price of purchased carbon black yearly grew 14.01%, and steel cord up 9.98%.

At the same time, the company's tire price yearly increased 4.15%, overseas subsidiaries contributing most.

In the first half year of 2018, Sailun Vietnam company profited 216 million yuan.

Besides, the company has set up sales company in German for EU market, and a company in Malaysia for Southeast Asia Market in the first half year. and the company plans to set up a sales company in Africa market.

To be noticed that, Sailun Jinyu's oversea assets has reached 4.795 billion yuan,taking 32.26% of total assets.