Raw materials rose 36% in first three quarters of profit

On the evening of October 28, 2011, Jiatong Tire Co., Ltd. released its third-quarter financial report. The financial report shows that the net profit attributable to shareholders of listed companies from January to September was 31,746,678.54 yuan, a decrease of 42.33% year-on-year; basic earnings per share and diluted earnings per share were 0.09 yuan, a year-on-year decrease of 37.50%; The net cash flow amounted to RMB 160,745,111.02, a year-on-year decrease of 26.82%.

During the reporting period, from January to September, the company realized operating income of 3.53 billion yuan, an increase of 948 million yuan over the same period of the previous year, an increase of 36.72%, mainly due to continued sales growth and price increases; from January to September the company’s operating costs were 3.203 billion yuan, an increase of 909 million yuan over the same period of last year, an increase of 39.66%, mainly due to the increase in the cost of major raw materials including natural rubber and synthetic rubber during the reporting period, which led to the ratio of gross profit margin of main business during the reporting period The same period last year decreased.

According to the financial report, after the approval of the company's 2010 annual general meeting on March 30, 2011, the company's profit distribution plan for 2010 was a cash dividend of RMB 1.00 (including tax) for every 10 shares. The profit distribution plan was implemented on May 20, 2011. In the case that the problem of competition in the industry cannot be solved yet, the company has already managed the replacement sales network of the controlling shareholder in China. At the same time, the company's and its subsidiary's sales ratio has remained at more than 70%, and the company's business has not been affected by competition in the same industry. .