Sailun Jinyu Group Co., Ltd. released on Jan. 21 the prediction for its financial results in 2016.
The net profit attributable to shareholders in 2016 is expected to rise 85% to 105%.
The company’s net profit in 2015 was 193.20 million yuan.
It attributed the surge in net profit to two major factors.
First, the output of its branch in Vietnam kept rising. Sailun Jinyu transited the orders for semi-steel tires from the U.S. to Vietnam step by step, which increased the output and sales volume of semi-steel tires and enhanced the profitability.
Secondly, they exploit overseas markets and improved the output, sales volume and profitability of the all-steel tire products.
