Giti Tire Corporation’s Net Profit Dropped 34% in First Three Quarters of 2021

Giti Tire Corporation (佳通轮胎股份有限公司) (600182.SH) reported a net profit of 66.2 million yuan in the first three quarters of 2021, down 34% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 23% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 47.2%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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