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Guizhou Tire's net surged 1433% in Q1' 2019

On  April 27, Guizhou Tire released its first quarter performance in 2019.

The company reported 1.613 billion yuan of sales revenue in the first quarter of 2019. After non-recurring profit and loss, the company realized 50,587,000 yuan of net profit belonging to shareholders, year-on-year increasing 1433.11%. 

Guizhou Tire said its production price up helped its gross profit surging, which is the main reason to realize net profit growing.


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