Recently, Linglong Tyre released that the company realized 6.732 billion yuan of revenue in the first half year of 2017, year-on-year rising by 42.01%, completing 58.54% of annual goal; realizing 434 million yuan of net profit, year-on-year diving by 22.11%, and completing 41.30% of annual goal.
With its production capacity rising, the company's production and sales created a historical high.
In the past six months, Linglong tire completed 24,436,400 units of tire production, year-on-year raising 21.64%;selling 23,775,800 units of tires, yearly up 21.9%.
Amongst, full-steel tire sales grew most.
However, surging raw materials' price squeezed the company's profit, the company said.
