Triangle Tyre Co.,Ltd.’s Net Profit Rose 125% in First Three Quarters of 2023

Triangle Tyre Co.,Ltd. (三角轮胎股份有限公司) (601163.SH) reported a net profit of 1.1 billion yuan in the first three quarters of 2023, up 125% year-on-year.

Meanwhile, the company posted 7.9 billion yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 31.7%.