Aeolus Tyre Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 05:19 am EDT
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Aeolus Tyre Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 4,134.147 million compared to CNY 4,456.577 million a year ago. Operating income was CNY 190.974 million compared to CNY 233.312 million a year ago. Net income was CNY 162.576 million compared to CNY 191.973 million a year ago. Basic earnings per share from continuing operations was CNY 0.29 compared to CNY 0.35 a year ago.
AEOLUS TYRE CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of tires and tire-related raw materials. The Company provides tires applied in trucks and passenger cars and engineering machinery under Fengshen, Henan, Shuangxi and Huanghai brands. The Company's products include cross-ply tires, radial tires and passenger tires. The Company distributes its products within domestic markets and to overseas markets.