On April 25th, Shandong Fengyuan Tire Manufacturing Co., Ltd. (Fengyuan Tire for short) disclosed its operating results for 2018. During the reporting period, the company had an operating income growth of 20.70% and achieved profitability.　
　　Fengyuan Tire's operating income in 2018 was 1.205 billion yuan, an increase of 20% compared with the previous year's 998 million yuan, and the net profit of the company was 2.381 million yuan.
　　Fengyuan Tire said that in 2018, it increased its marketing efforts and the sales situation was excellent. Together with the refined management of the company, the purchase price of raw materials was reduced, and the gross profit margin and net profit level of the year were improved.
　　It is understood that Fengyuan Tire's tire sales in 2018 was 7.175 million, an increase of 709,900 (10.98%) compared with the previous year. The gross profit margin of the product was 11.91%, an increase of 4.91 percentage points.