Chinese commercial brake system supplier SORL Auto Parts has reported increased revenue in the quarter ended 30 June 2011 but declining earnings and margins, reflecting domestic market and cost headwinds. In Q2 2011, net revenue was US$61.1m, a 10.8% rise versus the Q2 2010 total of US$55.2m. Revenue from the company's Subscribe to Automotive World … Continued
Chinese commercial brake system supplier SORL Auto Parts has reported increased revenue in the quarter ended 30 June 2011 but declining earnings and margins, reflecting domestic market and cost headwinds.
In Q2 2011, net revenue was US$61.1m, a 10.8% rise versus the Q2 2010 total of US$55.2m. Revenue from the company's
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https://www.automotiveworld.com/articles/88670-china-sorl-auto-parts-combats-headwinds-in-q2/
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