On July 31, Sailun Jinyu Group released its first half-year report of 2018.
The tire manufacturers said the company realized 290 million yuan to 320 million yuan of net profit growth in the first six months, yearly increasing 1513% to 1669.21%.
Minus non recurring gains and losses, the company's net profit surged 1786.07% to 1986.08%.
Statistics showed that in the first half year, the company reported 19,217,700 yuan of net profit. In that case, Sailun Jinyu should realize 309 million yuan to 339 million yuan of net profit.
The company said with downturn raw material price, the company actively develop market in China and overseas, which helped its profit ability strengthen.
