Triangle Tyre released its 2026 interim report, showing first-half net profit attributable to the parent of 340 million yuan, down 14.1% year on year. Operating revenue was 5.085 billion yuan, up 6.4% year on year. Net profit attributable to the parent excluding non-recurring items was 241 million yuan, down 16.2% year on year. Net operating cash flow was 440 million yuan, up 20.3% year on year. Earnings per share were 0.43 yuan. In the second quarter, operating revenue was 2.61 billion yuan, up 3.2% year on year. Net profit attributable to the parent was 122 million yuan, down 46.8% year on year. Net profit attributable to the parent excluding non-recurring items was 74.01 million yuan, down 58.8% year on year. As of the end of the second quarter, total assets were 19.85 billion yuan, up 2.0% from the end of the previous year. Net assets attributable to the parent were 13.968 billion yuan, up 0.2% from the end of the previous year. The company said it faces challenges from slowing global economic recovery and escalating international trade barriers, with industry profit margins continuing to narrow. During the reporting period, the company produced 11.56 million tyres of various types, down 4.79% year on year, but sales volume rose 8.52% year on year to 12.07 million tyres. The company dynamically optimised its product mix, flexibly adjusted production plans, deepened cooperation with original equipment customers, and continued to advance digital and intelligent transformation, with a focus on developing supporting products for new energy vehicles. In terms of global market layout, the company strengthened expansion in emerging markets such as Southeast Asia and Africa, with export sales volume up 9.6% year on year.
Triangle Tyre Co LtdFirst-half net profit fell 14.1% and Q2 profit dropped 46.8% year on year.
