On March 27, Jiangsu General Science Technology released its annual report of 2017.
The report said that the company realized 3.765 billion yuan of operation income, year-on-year rising by 12.03%; 3.605 billion yuan of operation cost, yearly up 13.5% and 147 million yuan of net profit belonging to shareholders, year-on-year down by 13.4%.
The company produced 6,579,000 units of tires and sold 6,583,000 units of tires.
With natural rubber price and carbon black price rising, the company's gross profit slightly slid in 2017.
The report showed that the company expanded over 2000 terminal shops to over 100,000 shops, which supported its sale increase in 2017.
