Michelin's Chinese supplier Himile sees profit rise

JINAN, March 28 (Xinhua) -- Himile, a Chinese supplier to French tire manufacturer Michelin, last year saw an annual growth of 9.36 percent in net profit attributable to shareholders of the listed company.

Shandong Himile Mechanical Science and Technology Co. Ltd. said its net profit attributable to shareholders of the listed company reached 739 million yuan (109.9 million U. S. dollars) in 2018.

The company recorded a revenue of 3.724 billion yuan in 2018, up by 24.36 percent from the previous year.

Established in 1995 in Gaomi, Shandong Province, the company supplies all kinds of tire molds for clients in different countries.

In 2018, Himile was among five companies honored by Michelin as an outstanding provider of goods and services.