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On August 26, Jiangsu General Technology Co., Ltd. released the 2022 semi-annual report. In the first half of the year, GM achieved an operating income of 2.123 billion yuan and a net profit of 18.1894 million yuan. Among them, in the second quarter, the net profit attributable to shares was 10.7715 million yuan, a month-on-month increase of 45.21%.
It is worth mentioning that in the first half of the year, the company's overseas market sales continued to grow, with a year-on-year increase of more than 70%. Its Thailand base accelerated the release of production capacity, maintained the momentum of booming production and sales, and doubled sales, becoming a new growth point of performance. At the same time, GM's second overseas production base, the Cambodia project, officially started construction.
This project has become the first project in Jiangsu Province to invest over US$100 million in RCEP member countries after the RCEP (Regional Comprehensive Economic Partnership) came into effect. The construction scale includes 5 million semi-steel radial tires and 900,000 all-steel radial tires. At present, it is actively promoting, and strive to achieve the first child off the assembly line by the end of 2022.
GM shares said that in the future, it will form a pattern of linkage between the three production bases in China, Thailand and Cambodia, and further increase the market share of international trade.
