Qingdao Doublestar released its 2026 half-year report, with first-half net profit attributable to the parent of 143 million yuan, turning from a loss to a profit year on year. The company's operating revenue was 13.83 billion yuan, net profit attributable to the parent after deducting non-recurring items was 102 million yuan, and net operating cash flow was 1.889 billion yuan. In the second quarter, operating revenue was 7.2 billion yuan, up 533.3 percent year on year, and net profit attributable to the parent was 101 million yuan. In the first half of 2026, the company completed a major asset restructuring with Kumho Tire, becoming a specialized tire research, production and sales platform with two brands, Doublestar Tire and Kumho Tire.
Kumho TireMajor asset restructuring with Qingdao Doublestar completed, creating a specialized tire platform with two brands.
Qingdao Doublestar Co LtdFirst-half net profit turned to profit of 143 million yuan, with strong Q2 revenue growth.
