Tire Sales of Guizhou Tyre in 2015 Falling by 8.35%

On April 23, Guizhou Tyre Co., Ltd. released 2015 Annual Financial Report.

The report showed that in 2015, affected by global economic downward and obvious slowdown of “new normal” growth of domestic economy, the completed tire output of the company in the whole year was 4.8570 million units, with a year-on-year (the same below) decrease of 11.17%; the completed tire sales was 4.8998 million units, with a decrease of 8.35%; the realized operating income was 4.733 Billion Yuan, with a decrease of 14.92%; and the realized net profit decreased by 254.81%.

In addition, this company obtained 3 authorized patents (including 1 invention patent and 2 utility model patents) in 2015. So far, this company has obtained 112 valid authorized patents (including 9 invention patents, 41 utility model patents and 62 design patents). In October 2015, this company successfully passed the review filing of new high-tech enterprise.