Aeolus Tyre Co., Ltd. Provides Earnings Guidance for the Year 2019
January 21, 2020
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Aeolus Tyre Co., Ltd. provided earnings guidance for the year 2019. According to preliminary statistics of its financial department, the Company predicts an increase of between RMB 171,729,100 and RMB 201,729,100 in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year increase of between 939.91% and 1,104.10% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 141,738,300 and RMB 171,738,300 compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
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.