Qingdao Doublestar, Guizhou Tire saw slowdown in first half

ERJ staff report (DS)

Beijing -- Sales at Guizhou tyre and Qingdao Doublestar declined in terms of both revenue and volume int he first half of 2011, compared with a year earlier.

According to reports from China, sales at Guizhou Tire (Shenzen stock exchange company 000589), production volume in the first six months declined by around 6 percent, while production output at Qingdao Doublestar (Shenzen stock exchange company 000599) declined by the same amount in semi-steel radials and even more in all-steel radials

High raw materials prioces also affected profits, though profits in the period were higher than a year earlier.

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Report on CRIA website from Financial Network Zhuangao (Chinese language)

Above report auto-translated from Chinese

Report on Capital Vue (English language) (China)