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Guizhou Tyre realized sale&production growth

Guizhou Tyre released its first half year report of 2020 on August 6.

The report showed that Guizhou Tyre produced 2,924,300 units of tires in the first half year of 2020, yearly increasing 0.92%, and sold 3,040,300 units of tires, yearly increasing 1.02%.

In the first six months, the company realized 3.105 billion yuan of sales, yearly decreasing 3.02%, and 198 million yuan of net profit, yearly increasing 113.21%.

In the beginning of March, Guizhou Tire's export order has created historical high record.

In the beginning of April, Guizhou Tyre's export order declined due to oversea pandemic outbreak, but the company's integrated production ratio kept at high level with domestic orders growing fast.

At the same time, raw materials like natural rubber etc. kept at low level, Guizhou Tyre adjusted its production structure and realized good sales performance in the first half year of 2020.