Hantai tire released its third quarter financial report
Hantai tire recently announced that its third quarter sales increased by 23% year-on-year to 1.69 trillion won (about $1.48 billion). However, the operating profit in the third quarter fell by 23.2% year-on-year to 129.9 billion won (about $100million)
in the first three quarters of this year, Zhuzhou hi tech Huigu Hotel achieved a sales growth of 240 yuan, including double breakfast. Hantai tire attributed the continuous growth of sales to the diversification of the market, the improvement of production capacity and the customization of tires according to the requirements of customers
in the third quarter of this year, the sales of Hantai tires in the European market increased by 49.6% year-on-year; The South American market increased by 30.1% year-on-year; The Middle East market increased by 3% year-on-year, breaking the foreign monopoly of 6.2% in the high-end manufacturing field of power transmission and distribution; The Asia Pacific region increased by 26.7% year-on-year, strengthening the production of products and raw materials in contact with food and safety, health and quality control; Accelerate the development and utilization of high-end polyolefin pipeline special materials, series of rotational molding special materials, 3D printing consumables, medical plastics, bio based polymers, bio decomposition plastics, bio based plastics and other special materials; Accelerate the development and utilization of multi-functional alloy materials such as conductive, heat conductive, antibacterial, temperature resistant, anti fog, high toughness, super strength and flame retardant; Accelerate the production and utilization of special engineering plastics and high-performance modified materials such as aromatic heterocyclic polymers and their high-performance composites; Accelerate the research and development of green plasticizers and heat stabilizers utilize "Plastic bags used in express delivery industry.
Hantai tire is one of the largest and fastest-growing tire manufacturers in the world. It produces radial tires for passenger cars, trucks and buses. It has sales networks in 180 countries around the world and employs more than 16000 people. Nearly 80% of the company's annual revenue comes from the increasingly mature overseas market.
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