China’s Double Coin Tire newly announced that the company realized 7 billion yuan of sales revenue in the first half year of 2014, slightly down 0.79% compared to the same period in 2013 and net profit rose by 2.63%.
The company’s expenditure on research yearly jumped 46.71% to 163.85 million yuan, due for Xinkun company’s acquisition.
According to the announcement, the company plans to sale 7 million units of full-steel tires in 2014, and has finished 3.3 million units sale in the past six months.
(By Amanda, mol@tireworld.com.cn)
