Giti Tire Corporation’s Net Profit Dropped 37.6% in First Half of 2022

Giti Tire Corporation (佳通轮胎股份有限公司) (600182.SH) reported a net profit of 25.5 million yuan in the first half of 2022, down 37.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 7% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.