On August 28, Qingdao Doublestar Co.,Ltd. released the first half year performance in 2018.
The report said the company posted 1.976 billion yuan of sales revenue in the first six months, year-on-year decreasing 4.6%, and 56,180,000 yuan of net profit belonging to shareholders, yearly down by 1.99%.
The report said the company's tire and plastic machinery business showed 10.34% of income growth.
Besides, Double Star Dongfeng Tire, a subsidiary of Qingdao Double Star, started integrated relocation plan, and upgraded to industry 4.0.
