Sailun Tire posts large profit growth in H1' 2020
Sailun Group released its first half year report of 2020 on August 31.
The report said that the company realized large growth in the first half year, although suffering pandemic effect. Statistics showed that the company realized 6.798 billion yuan of sales revenue during January to June, yearly decreasing 4.15%, and 635 million yuan of net profit belonging to shareholders, yearly increasing 25.26%.
At the same time, the company also developed capacity expand. Its Dongying half-steel radial tire expansion, Shenyang full-steel heavy duty radial tyre project were improved in schedule. Meanwhile, its half-steel radial tire factory in Vietnam has formally come into production.
The report said that the company realized 1.944 billion yuan of sales revenue in Vietnam factory, 2.979 billion yuan of sales in Shenyang factory and 4.899 billion yuan in Dongying factory.
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