Trade barriers and uncertainty reduce Jiangsu General's net profit

Following significant growth in 2024, Jiangsu General Science Technology Co. Ltd. (Jiangsu General) reports that its net profit plummeted in the first half of this year.

The manufacturer of the flagship Celimo line, as well as the Goodtrip, Chituma, TBB Tire, and Qima tire brands, considers international trade barriers, as well as uncertain trade and economic environments, to be key factors in this development. In particular, in the second quarter of this year, domestic competition intensified, and the US tariff hike on imported cars and components increased export costs. Fluctuations in exchange rates also contributed to the decline in profit.