Triangle Tyre Co.,Ltd.’s Net Profit Dropped 3.2% in First Three Quarters of 2022

Triangle Tyre Co.,Ltd. (三角轮胎股份有限公司) (601163.SH) reported a net profit of 470 million yuan in the first three quarters of 2022, down 3.2% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 2.3% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 34.7%.