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    Home > Chemicals Industry > Rubber Plastic News > Guizhou Tire Net Profit Increases 740.56% in 2020

    Guizhou Tire Net Profit Increases 740.56% in 2020

    • Last Update: 2021-07-21
    • Source: Internet
    • Author: User
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      Guizhou Tire released its 2020 annual results bulletin on the evening of April 14.
    The company achieved total operating income of 6.
    809 billion yuan in 2020, a year-on-year increase of 5.
    43%; net profit attributable to shareholders of listed companies was 1.
    138 billion yuan, a year-on-year increase of 740.
    56%; basic per share The income is 1.
    47 yuan


      Guizhou Tire stated that in early 2020, the sudden new crown pneumonia epidemic has brought severe impact and challenges to economic and social development
    Under the extremely difficult development environment of the industry, all companies in the domestic tire industry adhere to the unified deployment of the country, adhere to the prevention and control of the epidemic on one hand, and production and operation on the other, and orderly promote structural optimization, green transformation, technological innovation and competitiveness cultivation, etc.
    In addition, the prices of raw materials such as rubber, carbon black, and framework materials are relatively low in the first three quarters of 2020, which ensures that tire companies still have good profits and the industry as a whole is operating steadily and positively


      In 2020, the company has vigorously focused on on-site production, market sales and mechanism innovation, and the overall production capacity has been in a full state and achieved good operating results
    In 2020, the company completed the production of 6,57,600 tires, an increase of 10.
    15% over the previous year; completed sales of 6,645,700 tires, an increase of 9.
    53% over the previous year


      In 2020, the company realized a total profit of 1.
    328 billion yuan, a year-on-year increase of 783.

    Regarding the increase in total profit, the company said that it was mainly due to the recognition of the first phase of housing compensation income of 991 million yuan in this period.
    After deducting the net value of related assets and the relocation expenses incurred, it realized an asset disposal income of 591 million yuan; in addition, the raw materials in the first three quarters of 2020 Prices are at a low level compared with the same period last year.
    In addition, the company's internal product structure adjustment and fine management measures have achieved significant results.
    The gross profit margin of the main business has increased, which has increased the profit of the main business


      On the evening of the same day, the company announced the first quarter of 2021 performance forecast.
    The company expects to achieve a net profit of 99 million yuan to 119 million yuan attributable to shareholders of the listed company from January to March, a year-on-year increase of 185.
    34%; the estimated basic earnings per share is 0.
    13 Yuan -0.
    15 Yuan

    Regarding the reasons for the performance changes, the company said that it was mainly due to the impact of the epidemic in the same period last year, and the production and sales base was low; in addition, the tire production and sales volume and sales revenue in the first quarter of this year increased significantly compared with the same period last year, and the main business profit increased


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