On April 26, Shandong Tire released its first quarter performance of 2019.
The report said that the company posted 4.035 billion yuan of sales revenue in the first three months, year-on-year increasing 14.88%, and 285 million yuan of net profit belonging to shareholders, yearly surging 26.9%.
At the same time, the company produced 14,450,400 units of tires and sold 13,811,200 units, yearly rising by 11.7%.
And tire production price increased 2.75% in the first quarter of 2019, with raw materials' price down by 2.49% at the same time.
