On April 27, Shanghai Huayi Group released the first quarter performance in 2019.
In the first quarter, the company produced 2,657,800 units of tires and sold 2,760,900 units with 1.71 billion yuan of tire sals, which means that average tire price was 617.94 yuan/unit.
Huayi Group has Double Coin Tire Group and Huayi Group (Hong Kong) working on tire business, and the latter is the controlling share holder of tire production base in Thailand.
