Recently, Doublestar Tires released its first quarter's report in 2017.
The report said that the company realized 1.094 billion yuan of operation revenue, lightly grew 1.17% compared to the same period of 2016, and posted 25 million yuan of net profit, yearly rising by 1.31%.
The company said that raw material price's growth was far more than its tire price growth, which caused gross margin down.
Besides, the company stopped part of production cooperation projects, which reduced its tire production and sales income.
