Triangle Tyre Co.,Ltd.’s Net Profit Rose 180% in First Half of 2023

Triangle Tyre Co.,Ltd. (三角轮胎股份有限公司) (601163.SH) reported a net profit of 607.9 million yuan in the first half of 2023, up 180% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 18.5 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 34.8%.