On April 27, Guizhou Tire released its first quarter performance in 2019.
The company reported 1.613 billion yuan of sales revenue in the first quarter of 2019. After non-recurring profit and loss, the company realized 50,587,000 yuan of net profit belonging to shareholders, year-on-year increasing 1433.11%.
Guizhou Tire said its production price up helped its gross profit surging, which is the main reason to realize net profit growing.
