Sailun Tire disclosed its interim report on August 31, 2020. The company achieved total operating income of 6.8 billion in the first half of 2020, down 4.2% year-on-year; realized net profit attributable to the parent of 640 million, an increase of 25.3% year-on-year; earnings per share were 0.25 yuan.
During the reporting period, the company's gross profit margin was 27.7%, an increase of 5.5% year-on-year, and the net profit margin was 9.3%, an increase of 2.2% year-on-year.
The company's 2020 semi-annual operating cost was 4.91 billion, a decrease of 11%year-on-year , higher than the 4.2% decrease in operating income, and gross profit margin increased by 5.5%.
The expense ratio during the period was 14.6%, an increase of 2% over the previous year, which had a drag on the company’s performance