After a healthy increase 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 range as well as the Goodtrip, Chituma, TBB Tire and Qima tyre brands, views international trade barriers as well as an uncertain trade and economic environment as key factors behind this development. In particular, domestic competition intensified during the second quarter of this year and increased US tariffs on imported cars and components raised export costs. Foreign exchange fluctuations further contributed to profit decline.
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