Sailun Tire nets 500mln in H1'

Sailun Group released first half year report on July 16, and posted 500 million yuan of net profit belonging to shareholders.

According to the report, Sailun Tire realized 500 million yuan of net profit belonging to shareholders in the the first half year of 2019, year-on-year increasing 57.14%; and 473 million yuan of net profit excluding the extraordinary gains or losses, yearly surging 62.45%.

The company said, its Vietnam factory has come into operation, which lifted its production and profit capacity.Meanwhile, with raw material coast decreased, the company's profit level largely increased under more market development.