View ValuationTriangle TyreLtd 향후 성장Future 기준 점검 1/6Triangle TyreLtd (는) 각각 연간 12.7% 및 7.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.9% 로 예상됩니다.핵심 정보12.7%이익 성장률12.70%EPS 성장률Auto Components 이익 성장21.8%매출 성장률7.9%향후 자기자본이익률7.87%애널리스트 커버리지Low마지막 업데이트14 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Jun 30Triangle Tyre Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026Triangle Tyre Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026공고 • May 21Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 16, 2026Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong ChinaBoard Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lei Zhao was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공고 • Mar 30Triangle Tyre Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026Triangle Tyre Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026공고 • Dec 26Triangle Tyre Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026Triangle Tyre Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026공고 • Sep 30Triangle Tyre Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Triangle Tyre Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025공고 • Jun 30Triangle Tyre Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025Triangle Tyre Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025공고 • Apr 26Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 27, 2025Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China공고 • Mar 28Triangle Tyre Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025Triangle Tyre Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025공고 • Dec 27Triangle Tyre Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025Triangle Tyre Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.56 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.33 (down from CN¥0.56 in 3Q 2023). Revenue: CN¥2.61b (down 2.5% from 3Q 2023). Net income: CN¥271.6m (down 40% from 3Q 2023). Profit margin: 10% (down from 17% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.96, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.48 per share.공고 • Sep 30Triangle Tyre Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024Triangle Tyre Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.47 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.47 in 2Q 2023). Revenue: CN¥2.62b (down 4.4% from 2Q 2023). Net income: CN¥318.0m (down 16% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공고 • Jun 28Triangle Tyre Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Triangle Tyre Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024New Risk • Apr 30New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Apr 29Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 26, 2024Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 26, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China공고 • Mar 29Triangle Tyre Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Triangle Tyre Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥15.15, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Auto Components industry in China. Total loss to shareholders of 2.7% over the past three years.공고 • Dec 29Triangle Tyre Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024Triangle Tyre Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.56 (vs CN¥0.32 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.56 (up from CN¥0.32 in 3Q 2022). Revenue: CN¥2.67b (up 5.8% from 3Q 2022). Net income: CN¥449.5m (up 78% from 3Q 2022). Profit margin: 17% (up from 10.0% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year.공고 • Sep 30Triangle Tyre Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Triangle Tyre Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.20 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.47 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥2.74b (up 13% from 2Q 2022). Net income: CN¥376.2m (up 137% from 2Q 2022). Profit margin: 14% (up from 6.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공고 • Jun 28Triangle Tyre Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023Triangle Tyre Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥14.89, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 19% over the past three years.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.07 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥2.46b (up 33% from 1Q 2022). Net income: CN¥231.7m (up 297% from 1Q 2022). Profit margin: 9.4% (up from 3.2% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Buying Opportunity • Apr 21Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.4%. The fair value is estimated to be CN¥16.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.Buying Opportunity • Jan 05Now 20% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be CN¥17.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Feng Liu was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.18 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥2.53b (up 20% from 3Q 2021). Net income: CN¥253.1m (up 83% from 3Q 2021). Profit margin: 10.0% (up from 6.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Board Change • Oct 02Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Feng Liu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥2.43b (up 7.0% from 2Q 2021). Net income: CN¥158.7m (up 3.1% from 2Q 2021). Profit margin: 6.5% (down from 6.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.45 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.11b (down 10% from 3Q 2020). Net income: CN¥138.1m (down 62% from 3Q 2020). Profit margin: 6.5% (down from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.37 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 11% from 2Q 2020). Net income: CN¥154.0m (down 48% from 2Q 2020). Profit margin: 6.8% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥1.32 (vs CN¥1.06 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥8.54b (up 7.5% from FY 2019). Net income: CN¥1.06b (up 25% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 24New 90-day high: CN¥19.28The company is up 8.0% from its price of CN¥17.83 on 26 November 2020. The Chinese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is down 2.0% over the same period.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥19.28, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 33x in the Auto Components industry in China. Total returns to shareholders over the past three years are 15%.Is New 90 Day High Low • Nov 05New 90-day high: CN¥18.80The company is up 26% from its price of CN¥14.94 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.57 per share.Reported Earnings • Oct 27Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.05b, up 36% from the prior year. Total revenue was CN¥8.25b over the last 12 months, up 4.7% from the prior year.Is New 90 Day High Low • Oct 20New 90-day high: CN¥15.82The company is up 3.0% from its price of CN¥15.35 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥39.69 per share.이익 및 매출 성장 예측XSSC:601163 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202812,5091,349N/A1,464212/31/202711,3631,212N/A1,076312/31/202610,525990N/A1,61833/31/202610,046975807905N/A12/31/20259,821923772864N/A9/30/20259,864902656761N/A6/30/20259,930887738876N/A3/31/202510,015975695953N/A12/31/202410,1561,103673988N/A9/30/202410,1641,2229641,250N/A6/30/202410,2301,4001,0391,322N/A3/31/202410,3501,4591,5651,724N/A12/31/202310,4221,3961,6911,798N/A9/30/202310,2851,3251,7931,890N/A6/30/202310,1381,1281,8641,945N/A3/31/20239,8279111,3781,458N/A12/31/20229,2207381,4081,487N/A9/30/20229,1085851,2961,376N/A6/30/20228,6924709561,036N/A3/31/20228,534465415528N/A12/31/20218,954600362472N/A9/30/20218,976728374474N/A6/30/20219,213951746821N/A3/31/20218,9961,0931,0561,116N/A12/31/20208,5351,0601,2841,346N/A9/30/20208,2491,0471,2501,369N/A6/30/20207,9199271,2851,412N/A3/31/20207,8698551,4621,565N/A12/31/20197,941847N/A1,377N/A9/30/20197,877771N/A996N/A6/30/20197,714658N/A876N/A3/31/20197,588536N/A463N/A12/31/20187,511483N/A398N/A9/30/20187,423444N/A390N/A6/30/20187,518413N/A624N/A3/31/20187,567426N/A1,114N/A12/31/20177,921483N/A579N/A9/30/20177,793626N/A24N/A6/30/20177,468709N/A-339N/A3/31/20177,285821N/A-450N/A12/31/20166,710825N/A350N/A9/30/20166,659804N/A1,080N/A6/30/20166,691813N/A1,125N/A3/31/20166,861776N/A966N/A12/31/20157,187806N/A814N/A9/30/20157,786798N/A933N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 601163 의 연간 예상 수익 증가율(12.7%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 601163 의 연간 수익(12.7%)이 CN 시장(26.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 601163 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 601163 의 수익(연간 7.9%)이 CN 시장(연간 16.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 601163 의 수익(연간 7.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 601163의 자본 수익률은 3년 후 7.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 23:41종가2026/07/23 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Triangle Tyre Co.,Ltd는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zhe WangCitic Securities Co., Ltd.Chenhao GuanCitic Securities Co., Ltd.Ting Zhou ZhuangHuatai Research2명의 분석가 더 보기
공고 • Jun 30Triangle Tyre Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026Triangle Tyre Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026
공고 • May 21Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 16, 2026Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China
Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lei Zhao was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공고 • Mar 30Triangle Tyre Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026Triangle Tyre Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026
공고 • Dec 26Triangle Tyre Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026Triangle Tyre Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026
공고 • Sep 30Triangle Tyre Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Triangle Tyre Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025
공고 • Jun 30Triangle Tyre Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025Triangle Tyre Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025
공고 • Apr 26Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 27, 2025Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China
공고 • Mar 28Triangle Tyre Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025Triangle Tyre Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025
공고 • Dec 27Triangle Tyre Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025Triangle Tyre Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.56 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.33 (down from CN¥0.56 in 3Q 2023). Revenue: CN¥2.61b (down 2.5% from 3Q 2023). Net income: CN¥271.6m (down 40% from 3Q 2023). Profit margin: 10% (down from 17% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.96, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.48 per share.
공고 • Sep 30Triangle Tyre Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024Triangle Tyre Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.47 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.47 in 2Q 2023). Revenue: CN¥2.62b (down 4.4% from 2Q 2023). Net income: CN¥318.0m (down 16% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공고 • Jun 28Triangle Tyre Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Triangle Tyre Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024
New Risk • Apr 30New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Apr 29Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 26, 2024Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 26, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China
공고 • Mar 29Triangle Tyre Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Triangle Tyre Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥15.15, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Auto Components industry in China. Total loss to shareholders of 2.7% over the past three years.
공고 • Dec 29Triangle Tyre Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024Triangle Tyre Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.56 (vs CN¥0.32 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.56 (up from CN¥0.32 in 3Q 2022). Revenue: CN¥2.67b (up 5.8% from 3Q 2022). Net income: CN¥449.5m (up 78% from 3Q 2022). Profit margin: 17% (up from 10.0% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year.
공고 • Sep 30Triangle Tyre Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Triangle Tyre Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.20 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.47 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥2.74b (up 13% from 2Q 2022). Net income: CN¥376.2m (up 137% from 2Q 2022). Profit margin: 14% (up from 6.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공고 • Jun 28Triangle Tyre Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023Triangle Tyre Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥14.89, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 19% over the past three years.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.07 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥2.46b (up 33% from 1Q 2022). Net income: CN¥231.7m (up 297% from 1Q 2022). Profit margin: 9.4% (up from 3.2% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Buying Opportunity • Apr 21Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.4%. The fair value is estimated to be CN¥16.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.
Buying Opportunity • Jan 05Now 20% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be CN¥17.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Feng Liu was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.18 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥2.53b (up 20% from 3Q 2021). Net income: CN¥253.1m (up 83% from 3Q 2021). Profit margin: 10.0% (up from 6.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Board Change • Oct 02Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Feng Liu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥2.43b (up 7.0% from 2Q 2021). Net income: CN¥158.7m (up 3.1% from 2Q 2021). Profit margin: 6.5% (down from 6.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.45 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.11b (down 10% from 3Q 2020). Net income: CN¥138.1m (down 62% from 3Q 2020). Profit margin: 6.5% (down from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.37 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 11% from 2Q 2020). Net income: CN¥154.0m (down 48% from 2Q 2020). Profit margin: 6.8% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥1.32 (vs CN¥1.06 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥8.54b (up 7.5% from FY 2019). Net income: CN¥1.06b (up 25% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 24New 90-day high: CN¥19.28The company is up 8.0% from its price of CN¥17.83 on 26 November 2020. The Chinese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is down 2.0% over the same period.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥19.28, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 33x in the Auto Components industry in China. Total returns to shareholders over the past three years are 15%.
Is New 90 Day High Low • Nov 05New 90-day high: CN¥18.80The company is up 26% from its price of CN¥14.94 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.57 per share.
Reported Earnings • Oct 27Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.05b, up 36% from the prior year. Total revenue was CN¥8.25b over the last 12 months, up 4.7% from the prior year.
Is New 90 Day High Low • Oct 20New 90-day high: CN¥15.82The company is up 3.0% from its price of CN¥15.35 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥39.69 per share.