Huaqin's half-year profit and tax were 900 million yuan, and its total performance increased by 32%.

On July 3, 2019, Tongli Tyre Co., Ltd. held the second quarter of 2019 Work Summary and Recognition Conference and the second half of the Work Mobilization Conference. Mr. Niu Teng, Chairman of Huaqin Group, Mr. Niu Fei, General Manager of Tongli Tire Co., Ltd., senior executives, heads of departments and staff representatives attended the meeting.
In the second quarter, Tongli Company has carried out a lot of work, such as energy saving and consumption reduction, fine management, product upgrading, market optimization and so on, and achieved rapid development.
At the meeting, Chairman Niu Teng fully affirmed the production and operation performance of Tongli Company in his speech. He pointed out that in the first half of this year, in the face of the complex and severe economic situation at home and abroad, the group company paid more than 900 million yuan in tax revenue, once again became the first manufacturing enterprise in Jining to pay taxes, and achieved a good business which rose against the trend. Achievements, which also includes the hard work of all the employees of Tongli Company.
Huaqin Group is a large platform for all Huaqin people. Every capable, passionate and energetic employee can find a broad stage to display his intelligence here. In the future, we will continue to increase the welfare benefits of employees, implement humanized management, make the platform bigger and stronger, so that enterprises will always maintain a strong cohesion, centripetal force and combat power. It is hoped that Tongli will make further contributions to the development of the Group Company.
Subsequently, Mr. Zhang Hongjie, Managing Vice-President of Tongli Company, Mr. Hu Yuan, Director of Research and Development, Ms. Peng Fang, Director of Commerce, Mr. Li Huaipo, Director of Production and Operation, and Mr. Gaoming, Director of Quality, made speeches successively. Since the second quarter, Tongli has developed 60 new products of Huaqin, Lutong and Putai brands, with a total increase of 32% over the previous quarter. Great progress has been made in all aspects, and the enterprises have developed healthily and rapidly.
In the second half of the year, Tongli will continue to adjust the technical promotion plan of product upgrading, continue to implement the quality improvement plan, complete the formulation improvement of rubber formula, product tear resistance, product super-abrasion resistance as soon as possible, further improve product performance, and fully meet the domestic and foreign market demand.
Next, the outstanding individuals and teams were commended and rewarded. A total of 17 awards including the "self-developed and manufactured tyre palletizer project" were awarded. After the meeting, a tug-of-war competition exclusively for Huaqin tirers began.