Sentury Tire posts strong growth in Q3'
Qingdao Sentury Tire released its third quarter report of 2020 on October 29.
Statistics showed that Sentury Tire realized 1.4 billion yuan of sales revenue in the third quarter, yearly increasing 22.33%, and 331 million yuan of net profit belonging to shareholders, yearly jumping 73.47%.
In the first three quarters of 2020, the company realized 3.542 billion yuan of sales revenue, year-on-year climbing 4.65% up, and 716 million yuan of net profit belonging to shareholders, yearly surging 35.63%. By the end of September 30, Sentury Tire's net assets have reached 5.489 billion yuan, yearly up 52.04%.
The company said that due to sales increasing and cost lowering, the company's net largely grew compared to the same period of 2019.
Sentury Tire went on listed in A share market on September 11. It is the first time that it released its report after listed.
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