Giti Tire Corporation’s Net Profit Rose 431.9% in First Half of 2023

Giti Tire Corporation (佳通轮胎股份有限公司) (600182.SH) reported a net profit of 135.8 million yuan in the first half of 2023, up 431.9% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 14.4% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.