Huayi Group's tire business decreased

Time: Apr 3rd   2018   Copy editor: Tyrefull

On March 27, Shanghai Huayi Group released its 2017 annual report.

The report said that the compnay realized 8,036,301,800 yuan of revenue , year-on-year decreasing 4.94%; 7,172,422,800 yuan of operation cost, yearly down by 2.62%.

Amongst, the company's  Double Coin Tire Group produced 9,913,300 units of tires, year-on-year increasing 12.09%, and sold 9,993,600 units of tires, yearly rising 10.07%. 

The company said it suffered huge pressure on cost control with raw materials' fluctuation. The company will strengthen acquisition merger and acquisition in 2018.

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