19 Nov 2025
Group reports rise in average selling price; decline in raw material costs
Shanghai, China – Giti Tire has reported higher sales revenue for the third quarter of 2025, according to a 29 Oct filing disclosing key operating data.
Tire sales revenue for the period reached Yuan1.3 billion (€157 million), up Yuan58 million year-on-year.
The company sold 4.663 million units and produced 4.618 million units of tires during the quarter.
Giti said its average selling price increased 0.77% year-on-year, and 1.32% quarter-on-quarter, reflecting product mix adjustments.
Comprehensive procurement costs for key raw materials – including natural rubber, synthetic rubber and carbon black – fell 8.3% year-on-year and 9.4% quarter-on-quarter.
The company reported no other significant operational changes during the quarter.
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