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Performance Preannouncement for 2018 First Three Quarters of Guizhou Tyre Co., Ltd.

TIME:23-11-2018 SIZE

Stock Code: 000589, Stock Short Name: Guizhou Tyre A, Announcement No.: 2018-033

Guizhou Tyre Co., Ltd.

Performance Preannouncement for 2018 First Three Quarters

The Company and all members of the Board of Directors guarantee that the disclosed information is authentic, accurate and complete, and there are no false records, misleading statements or major omissions. 

I. Performance Forecast of Current Period

1. Period of Performance preannouncement: January 1, 2018 to September 30, 2018

2. Estimated business performance: Turn loss into gain


II. Pre-audit Conditions of Performance Preannouncement

This performance preannouncement has not been pre-audited by certified public accountants.

III. Reasons for Changes in Performance

The main reason for turning loses into gain in the performance of the first three quarters in 2018 compared with the same period of last year: The product structure adjustment and sales area structure adjustment of the Company have achieved initial success. The sales volume and revenue of our tires increased significantly compared with the same period of last year.

IV. Other Relevant Instructions

The performance preannouncement is the result of preliminary calculation by the Financial Department of the Company. The specific financial data is subject to the 2018 third-quarter report disclosed by the Company. All the investors are advised to pay attention to investment risks.

It is hereby notified the above. 

Directors of Guizhou Tyre Co., Ltd.