On January 12, Tianjing Pengling Rubber Hose announced its 2017 annual report.
The report said that the company realized 120-128 million yuan of net profit in 2017, year-on-year decreasing 23.72%-18.63% compared to 2016's 157 million yuan.
At the same time, Pengling Rubber Hose predicted that the company's non-recurring profit posted 21,500,000 yuan, yearly rising by 2 million yuan.
The company said that the company's production price decreased in 2017, but raw material price increased at the same time.
Adding to environment protected fee rising, and uncompleted PA extrusion project, the company's net profit faced large diving.
