Xuancheng, China – Zhongding Sealing Parts posted a 28% rise in yearly sales to €1.1 billion (8.4 billion yuan) in fiscal 2016 thanks to China’s fast-growing automotive sector, according to the company’s annual report.

Net profit during the same period jumped 26% to €118 million.

The parent group Zhongding Holding, with a total employee headcount of 19,000 and arms in other sectors such as information technology and engine manufacturing, reported €1.8 billion revenue last… [Read More]