Aeolus sales up, Aeolus and Promoteon profits down sharply; Wang Jianjun becomes Prometeon chair
Aeolus’ revenue in 2024 was 6.71 billion yuan (about £693 million; €808 million), a year-on-year increase of 16.89 per cent. However, the tyre manufacturer’s net profit and cash flow fell sharply year-on-year. Net profit was 280 million yuan (about £29 million; €34 million), a year-on-year decrease of nearly 20 per cent. Net cash flow generated by operating activities was 200 million yuan (about £21 million; €24 million), a decrease of nearly 60 per cent.