Prinx Chengshan's net soared in 2018
On Feb.25, Hong Kong-listed Prinx Chengshan released its 2018 performance.
Statistics showed that the company released 5.206 billion yuan of sales revenue on 2018, year-on-year rising by 7.6%, and posted 479 million yuan of profit for the year, yearly soaring 175.5%.
In the past year, Prinx Chengshan further developed oversea market, and set up sales companies in Europe and U.S..
At the same time, they prepared to build up overseas production base in Thailand.
In 2018, Prinx Chengshan produced 4,780,000 units of full-steel radial tires and 5,910,000 units of half-steel radial tires, respectively selling 4,780,000 units of full-steel radial tires and 5,960,000 units of half-steel ones.
The company totally sold 11,090,000 units of tires last year, yearly rising by 4.4%.
Prinx Chengshan Company was listed in HongKong in October 9 2018, and its parent company is Prinx Chengshan (Shandong) Tire Co.,Ltd.
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