Giti Tire net surged 132%
2018-9-3 22:24:24Editor：AmandaFont Size：Big Medium Small
On August 31, GITI tire released its first half year performance report.
The report showed that the company's sales revenue year-on-year decreased 1.36% to 1.64 billion yuan, but net profit surged 136.97% to 117 million yuan at the same time. Net profit belonging to shareholders nose up 132.28% to 41,400,000 yuan at the same time.
The company said production sales price rose up in the first half year, but raw material price slid down compared to the same period of 2017.
Anyhow, the company still face four uncertain risks in the future, industrial competition, trade barriers, raw materials' uncertain price and unfinished split share structure reform.
Tireworld
- 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
