Triangle Tyre Co.,Ltd.’s Net Profit Dropped 37.5% in First Half of 2022

Triangle Tyre Co.,Ltd. (三角轮胎股份有限公司) (601163.SH) reported a net profit of 217.1 million yuan in the first half of 2022, down 37.5% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 5.8% year-on-year.

At the end of the reporting period, it had 16.9 billion yuan in total assets and 5.7 billion yuan in total liabilities, with a liability-to-asset ratio of 33.9%.