Lately, Double Coin Holdings Ltd. published 2015 Annual Report.
In 2015, the realized operating income of Double Coin Holdings was 6.997 Billion Yuan, with a decrease (year-on- year, the same below) of 17.58%; the gross profit rate was 12.81%, with a decrease of 3.13%. The tire output was 9.092 million units, with an increase of 1.4%, in which the output of all-steel radial tires was 6.243 million units, with a decrease of 3.9%; that of bias tires was 745,000 units, with a decrease of 9.8%; and that of saloon car tires was 2.104 million units, with an increase of 27.7%. The inventory was 1.0268 million units, with an increase of 7.99%.
The company planned that the tire output in 2016 would be 10.104 million units and the sales revenue was predicted to increase by over 2% compared with that in 2015.