GITI TIRE CORP(SH:600182) Shang Hai Zheng Quan Bao·2025-08-28 06:11Core Viewpoint - The company has held its 11th Board of Directors' seventh meeting, where significant resolutions were made regarding the approval of the 2025 semi-annual report and the appointment of a new board secretary [3][4][6]. Group 1: Company Overview - Giti Tire Co., Ltd. (S Giti) is the company in focus, with its stock code being 600182 [2]. - The company has confirmed that all board members attended the meeting, ensuring compliance with legal requirements [3]. Group 2: Financial Data - The company reported a tire sales revenue of 1.149 billion yuan for the second quarter of 2025, reflecting an increase of 52 million yuan year-on-year [17]. - The average tire sales price increased by 0.3% year-on-year and by 1.1% quarter-on-quarter in the second quarter of 2025 [17]. Group 3: Board Resolutions - The board approved the 2025 semi-annual report and its summary, which had previously been reviewed by the audit committee [4][5]. - The board also approved the appointment of Mr. Zhao Kai as the new board secretary, effective immediately [6][13]. Group 4: Raw Material Costs - The procurement costs for key raw materials, including natural rubber, synthetic rubber, and carbon black, increased by 3.9% year-on-year in the second quarter of 2025, but decreased by 0.7% compared to the first quarter of 2025 [18].