On August 28, Prinx Chengshan announced its interim results for the half year ended June 30, 2020. During the reporting period, in the face of the impact of the new crown pneumonia epidemic, Prinx Chengshan faced difficulties and achieved good results in adversity, achieving sales revenue of approximately RMB 2.844 billion, a decrease of approximately 1.0% over the same period last year; gross profit was approximately RMB 606 million , an increase of approximately 9.9% over the same period last year; net profit was approximately RMB 265 million, an increase of approximately 1.6% over the same period in 2019.
In the first half of the year, Prinx Chengshan sold 6.26 million tires, a year-on-year increase of 3.1%. Among them, all-steel radial tires sold 2.94 million; semi-steel radial tires sold 3.11 million; bias tires sold 210,000; they accounted for 78.7%, 19.1% and 2.2% of the company's total revenue, respectively. Divided by channels, the sales revenues of domestic dealers, dealers international, auto accessory and OEM customers respectively reached 881 million yuan, 856 million yuan, 882 million yuan, and 125 million yuan , accounting for 34.5% 、 30.1% 、 31.0% and 4.4% of the company's total revenue.