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Guizhou Tyre's net surged in Q3'

Guizhou Tyre released its performance report in the third quarter of 2020 on October 15.

The company predicted that its net profit belonging to shareholders would reach 172 million yuan to 222 million yuan in the third quarter of 2020, year-on-year surging 375.22% to 513.48% compared to the same period of 2019.

Benefit from net profit surging in the third quarter, the company was expected to complete 370 million yuan to 420 million yuan in the past nine months, yearly increasing 186.61% to 225.34%.

The company explained that thanks to low raw material price, its performance realized growing in the past nine months.