GM's Annual Report Released, The Three Major Project Processes Are Fully Disclosed!

- Apr 05, 2019-

On March 28th, Jiangsu General Technology Co., Ltd. officially released its 2018 annual report. This “young tire company” was the first to disclose its full performance during the two years of listing. In the 2018, where downstream demand is sluggish, The company still achieved steady growth in performance.


As can be seen from the annual report, the total assets of GM shares have achieved a large increase in the year. The company achieved operating income of 3.847 billion yuan in 2018, an increase of 2.16% compared with 3.765 billion yuan in the previous year. Net profit was 148 million yuan, an increase of 0.46%.


"China Rubber" learned that the company's various business indicators are stable and increase, the annual gross profit margin of its tire products is 14.56%, unchanged from the previous year; overseas operating income was 497 million yuan, compared with the same period last year The increase of 22.89 billion compared with 448 million yuan.


In addition, GM's total tire production in 2006 was 6.908 million, achieving a 5% increase. The annual tire sales volume was 6.867 million, an increase of 4.32%. At the same time, the company's tire inventory at the end of 2018 was 983,000.


 


Disclosure of the three major production projects


GM shares said to China Rubber that the company's "6 million high-performance semi-steel radial tire technical transformation project" has been completed 48%, and it is expected to form 3 million production capacity by the end of 2019, all 6 million cars meridian The tire production capacity will be fully released in 2021.


In addition, the company's “1.2 million smart tire projects for all steel” has been completed 30%. The production project will be trial-produced in September 2019 and is expected to be fully completed by 2020.


The GM's Thai plant has also completed 3% of the project investment, and the later construction is also in full swing. It is expected that pre-production will be realized in December 2019, and all projects will be completed in 2021.


The company said in its annual report that the focus of the 2019 GM shares will be placed on the above three production projects. The production base will aim to build an industrial 4.0 model factory, and widely use big data, cloud computing and artificial intelligence to achieve full Intelligent in the field and automation in the whole process, striving to become the leader of the category segmentation market and realize the strategic goal of “Billion Universal” at an early date