Guizhou Tire officially published its third quarterly report of 2019 on October 25, showing that in the first three quarters, its total operation revenue was 4.839 Billion Yuan, decreasing 6.41% year-on-year; the net profits were 129 Million Yuan, increasing 103.02% year-on-year; and the net profits after deduction of non-recurring profits and losses were 141 Million Yuan, increasing 118.66% year-on-year.
The company said that as the sales revenue of tires increased largely compared with the same period of last year and thus the gross profit margin grew, the company performance jumped sharply year-on-year.
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