Giti Tire Corporation’s Net Profit Dropped 37.9% in First Three Quarters of 2022

Giti Tire Corporation (佳通轮胎股份有限公司) (600182.SH) reported a net profit of 41.1 million yuan in the first three quarters of 2022, down 37.9% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 7.6% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.