Triangle Tyre's Performance Growth Accelerates in the First Three Quarters

On October 26, Triangle Tyre released its report for the first three quarters. In the first three quarters of 2020, Triangle Tyre Co., Ltd. achieved an operating income of 6.211 billion Yuan, with a year-on-year growth of 5.22%; the net profit attributable to shareholders reached 817 million Yuan, with a year-on-year growth of 32.27%. The basic earnings per share were 1.02 Yuan. In the third quarter, the company realized an operating income of 2.35 billion Yuan, up 16.4% on a year-on-year basis; the net profit reached 361 million Yuan, up 49.60% on a year-on-year basis.



In 2020, with the rapid recovery of domestic economy and the stabilization of international trade, the company's production and sales of various tire products are flourishing. From January to September, it manufactured more than 16.5 million tires and sold 17.02 million tyres, with a year-on-year growth of more than 15%. The company's operating income and profit have maintained continuous growth since the second quarter, and the third quarter witnessed significant growth.



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