Giti Tire Corp

S Giti Tire released its 2026 interim report. First-half net profit attributable to the parent company was 70.63 million yuan, up 24.4% year on year. Operating revenue was 2.23 billion yuan, down 2.7% year on year. Net profit attributable to the parent after deducting non-recurring items was 68.75 million yuan, up 22.0% year on year. Net operating cash flow was 353 million yuan, up 52.4% year on year. Earnings per share were 0.2077 yuan. In the second quarter, operating revenue was 1.12 billion yuan, down 3.4% year on year, and net profit attributable to the parent was 23.2 million yuan, down 29.9% year on year. As of the end of the second quarter, total assets were 4.508 billion yuan, up 0.4% from the end of the previous year, and net assets attributable to the parent were 1.08 billion yuan, down 2.5% from the end of the previous year. The company mainly produces and sells automotive tires. During the reporting period, export sales and gross margin came under pressure due to rising international crude oil prices and intensifying market competition, but growth in the new energy vehicle market brought incremental demand to the tire replacement market.