Recently ,Double Coin Tire released its first quarter report.
The report showed that the company posted sales and sales value decline in the first quarter of 2020.
In the first three months, Double Coin Tire produced 2,035,800 units of tires and sold 2,076,000 units, respectively decreasing 23.4% and 25.02% compared to the same period of 2019. At the same time, the company realized 1.313 billion yuan of sales revenue, yearly down by 23.03%.
Besides, Double Coin Tire also released its average tire price in the first quarter, year-on-year up 2.27% to 632.3 yuan/unit.
