Fengyuan Tire posts 1.24 bln in 2019
2020/4/20 10:47:42Editor：AmandaFont Size：Big Medium Small
On April 17, Shandonng Fengyuan Tire Co.,Ltd. released annual report of 2019.
According to the company's report, in 2019, Fengyuan Tire realized 1.24 billion yuan of sales revenue, yearly increasing 2.92%, and 3,588,700 yuan of net profit belonging to shareholders, yearly rising by 50.76%. However, the company's net profit cut showed 20,000 yuan of deficit.
The company said that it adjusted its marketing strategy, and encouraged large-size tire's sales, which increased average price by 3.86%.
According to statistics showing, overseas sale took 67% of the company's total tire sales.
Fengyuan Tire said, with COVID-2019 outbreaking since Q1, the company is planning to turn back to domestic market.
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