China’s Sailun Tire newly announced that the company realized 4.9 billion yuan of sales revenue in the first six months of 2014, year-on-year rising by 22.08%, and its net profit posted 51.83% growth to 197.5 million yuan.
The company’s expenditure on research yearly rose by 16.26% to 85.7 million yuan.
To be noticed, the company’s investment on equity investment surged 9549.75% to 868.48 million yuan in 2014, buying stakes in Sailun Tire Vietnam Co.,Ltd.,KRT Group,Shandong Jinyu Corporation etc. six companies.
Dividedly, the company’s sales revenue on tire production reached 3.8 billion yuan, yearly rising by 34.89%, and on recycling production showed 42.84% growth to 21.7 million yuan.
(By Amanda, mol@tireworld.com.cn)
