The German CFO Tier CFO recently said that the horse is quite optimistic about the Chinese market.
Not long ago, the company announced its first quarter earnings report, which increased sales by 9.85 billion euros ($11.2 billion).
Compared with the same period of last year, the net profit of the horse brand increased by 11% year-on-year to 733 million euros.
In the past year, the performance of this company in the European and American markets has been relatively stable. Moreover, due to the unexpected growth in the Brazilian market, they are considering expanding their investment in South America.
In the first quarter of this year, the horse brand invested a total of 196 million euros (about 1.5 billion yuan) for the improvement and expansion of tire production capacity.
Among them, China is one of the key development markets of the company.
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