Triangle Tire published its third quarterly report on October 25, showing that in the first three quarters, its operation revenue was 5.902 Billion Yuan, increasing 6.61% year-on-year; the net profits attributable to shareholders of the listed company were 618 Million Yuan, increasing 87.36% year-on-year; and the net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses were 508 Million Yuan, increasing 92.21% year-on-year.
The data presents that in the third quarter, the output of Triangle Tire was 4.8954 million tires and the amount of sales was 5.3122 million. Thus the sales revenue of products was 2.012 Billion Yuan.
According to the report, the net profits attributable to shareholders of the listed company grew greatly due to the increase on sales revenue, the decrease of advertising expense and financial expense as well as the national policy of reducing taxes and fees. It is predicted that the annual net profits will increase hugely in 2019.
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