Guizhou Tire's first-quarter results turn profitable

On April 15, 2017, Guizhou Tire Co., Ltd. announced that it expects to turn a profit in the first quarter of 2017 into a profit.
Guizhou Tire Some Guizhou steel light truck tires

According to the announcement, the net profit attributable to shareholders of Guizhou Tire in the first quarter was estimated to be 100 million to 150 million yuan in profit, and a loss of 6,573,200 yuan in the same period of last year. The basic earnings per share was about 0.129 yuan -0.193 yuan, a loss of 0.008 yuan in the same period last year.

According to the company, the main reason for turning profit into profit was to implement the shanty town reconstruction project in Sanma Area of ​​Yunyan District, Guiyang City. The land of the former plant of Guizhou Tireyuan Subsidiary, Guizhou Qianjin Rubber Co., Ltd. was collected as a whole and the net compensation received was obtained. Including non-operating income in the first quarter of 2017.

Guizhou Tire stated that this performance report is the result of preliminary calculations made by its financial department. The specific financial data should be based on the first quarterly report of 2017 disclosed by the company.

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