On October 13, Aeolus Tire released its first three quarter report of 2018.
The report said that the company realized 4.71 billion yuan of total revenue, but only 1.87 million yuan of net profit belonging to shareholders.
With raw material price kept stable in the first three quarter, the company's purchase cost was further decreased, which helped it tire production's gross profit lift.
To be noticed, the company' net profit was still in red after minus 28,841,200 yuan of non recurring gains and losses.
Aeolus tire posted 91,798,000 yuan of net belonging to shareholders in the third quarter, 12,912,100 yuan of net in the second quarter and 103 million yuan of loss in the first quarter of 2018.
