Triangle Tyre Co.,Ltd.’s Net Profit Rose 298% in First Quarter of 2023

Triangle Tyre Co.,Ltd. (三角轮胎股份有限公司) (601163.SH) reported a net profit of 231.5 million yuan in the first quarter of 2023, up 298% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 32.8% year-on-year.

At the end of the reporting period, it had 17.8 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33%.