Giti Tire Corporation’s Net Profit Rose 535.7% in First Three Quarters of 2023

Giti Tire Corporation (佳通轮胎股份有限公司) (600182.SH) reported a net profit of 261.4 million yuan in the first three quarters of 2023, up 535.7% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 17.6% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.