Double Star Footwear Business Assets Pfer Revenue Billion

Since its merger with Huaqing group, Qingdao Binxing has made great efforts in asset management, aiming to make the main tire industry bigger and stronger and become one of the fastest expanding enterprises.

Recently, the company has launched a new round of asset consolidation, through the thorough acquisition of Dongfeng tires, to achieve major business expansion and enhance competitiveness.

A few days ago, the Qingdao double star announced that the company signed a contract for the pfer of assets with the liquidation team of Dongfeng (Shiyan) Tire Co., Ltd., and the company granted the Dongfeng Tire at 314 million 610 thousand yuan to the assets of Shiyan City, Hubei province.

At the same time, while merging assets, another major asset consolidation action is being implemented.

Qingdao double star footwear business assets are being pferred, and the pfer income is more than 110 million yuan.

After the pfer of the assets of the shoemaking business, the company will further clarify its main business and focus on the development and growth of the tire industry.

The company's annual tire business income has reached more than 3 billion yuan level, in the acquisition of Dongfeng tires, stripping the footwear industry assets, the company will form a semi steel radial tire production base, production capacity has greatly increased, the industry status further improved, the future growth potential of performance is worth looking forward to.

Three quarterly reports revealed that the company achieved a net profit of 13 million 640 thousand yuan in the third quarter, an increase of 245.14% over the same period last year, and a net profit of 35 million 160 thousand yuan in the first three quarters, a 41.87% increase over the same period last year.

In the recent stage, the activity of the stock paction has been increasing, and the low capital has been repeatedly operated, forming a small double bottom technology.