On April 24, Shandong Land&Mining Co.,Ltd. released its 2018 annual report, and posted red in tire business.
The company realized 319 million yuan of sales revenue, yearly increasing 5.72%. And it posted 6.81% of gross profit, year-on-year increasing 3.47%.
To be noticed that, the company's tire business was still in 27,868,000 yuan of deficit in 2018, although its gross profit rose.
In 2018, there were 380,000 units and 326,700 units of tires produced and sold in 2018.
Shandong Land&Mining Co.,Ltd. focused on special tire manufacturing, referring half-steel engineering tire, half-steel agriculture tire and special tires etc..
