Fenghua Tire's net increased in 2017

Date: May 1st   2018   Copy editor: Tyrefull

Wuxi Fenghua Intelligent Tyre CO.,LTD. recently released 2017 annual report.

The company realized 124 million yuan of operation income in 2017, year-on-year increasing 32.47%, and 1.65 million yuan of net profit belonging to shareholders, yearly rising by 193.3% compared to 1,777,000 yuan of deficit in 2016.

The company got Continental tire and Falken tire's agent， which helped the company realizing operation income's growth.

Those two brands contributed 7,637,200 yuan of operation income for Fenghua Tire in 2017. 

The report showed that Fenghua Tire's gross profit yearly rose by 2.62% in 2017, although its business development expenditure increased 3,384,700 yuan.

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