China601163.CG▼5
Triangle Tire Q2 net profit falls nearly 47% year-on-year, plans to invest 3.219 billion yuan in Cambodia plant
Triangle Tire disclosed its 2026 half-year report on the evening of August 26. First-half operating revenue was 5.085 billion yuan, up 6.42% year-on-year, but net profit attributable to the parent was 340 million yuan, down 14.11% year-on-year. Second-quarter net profit attributable to the parent was 122 million yuan, a sharp year-on-year decline of 46.8%. The company acknowledged the main reasons were the rapid rise in prices of raw materials such as natural rubber, compounded by the final ruling of the EU anti-dumping case and intensifying trade barriers. The company plans to invest 3.219 billion yuan to build a new project in Cambodia with annual production capacity of 7 million high-performance radial tires, in order to cope with international trade risks, but there will be no actual contribution in the short term.