Shanghai Huayi Group released its first half year performance report on August 28. The report said that its Double Coin Tire showed deficit in the first half year of 2018.
In the first half year, Double Coin Tire posted 60,027,700 yuan of net loss in the first half year.
Double Coin Tire was the only deficit company in Huayi Group's 16 subsidiaries.
In the first six months, Huayi Group posted 3.529 billion yuan of tire sales revenue, year-on-year decreasing 3.35%
