Announcement • May 22
Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 16, 2026 Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China Major Estimate Revision • May 14
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥10.2b to CN¥10.5b. EPS estimate increased from CN¥1.12 to CN¥1.24 per share. Net income forecast to grow 7.2% next year vs 37% growth forecast for Auto Components industry in China. Consensus price target of CN¥17.90 unchanged from last update. Share price was steady at CN¥14.76 over the past week. Reported Earnings • Apr 29
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: CN¥1.15 (down from CN¥1.38 in FY 2024). Revenue: CN¥9.82b (down 3.3% from FY 2024). Net income: CN¥922.9m (down 16% from FY 2024). Profit margin: 9.4% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Announcement • Mar 30
Triangle Tyre Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Triangle Tyre Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Triangle Tyre Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Triangle Tyre Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Major Estimate Revision • Dec 04
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥1.43 to CN¥1.18 per share. Revenue forecast steady at CN¥9.92b. Net income forecast to grow 13% next year vs 41% growth forecast for Auto Components industry in China. Consensus price target of CN¥18.21 unchanged from last update. Share price was steady at CN¥14.70 over the past week. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.36 (vs CN¥0.33 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.36 (up from CN¥0.33 in 3Q 2024). Revenue: CN¥2.54b (down 2.5% from 3Q 2024). Net income: CN¥286.5m (up 5.5% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 30
Triangle Tyre Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Triangle Tyre Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Sep 01
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.40 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (down from CN¥0.40 in 2Q 2024). Revenue: CN¥2.53b (down 3.2% from 2Q 2024). Net income: CN¥229.9m (down 28% from 2Q 2024). Profit margin: 9.1% (down from 12% in 2Q 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Triangle Tyre Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Triangle Tyre Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Buy Or Sell Opportunity • Jun 27
Now 20% overvalued Over the last 90 days, the stock has fallen 8.5% to CN¥14.05. The fair value is estimated to be CN¥11.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Buy Or Sell Opportunity • Jun 11
Now 20% overvalued Over the last 90 days, the stock has fallen 8.5% to CN¥14.02. The fair value is estimated to be CN¥11.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.7% net profit margin). Price Target Changed • Apr 29
Price target decreased by 7.3% to CN¥17.04 Down from CN¥18.38, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥13.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥1.38 last year. Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.37 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.21 (down from CN¥0.37 in 1Q 2024). Revenue: CN¥2.24b (down 5.9% from 1Q 2024). Net income: CN¥166.0m (down 44% from 1Q 2024). Profit margin: 7.4% (down from 12% in 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 27, 2025 Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China Announcement • Mar 28
Triangle Tyre Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Triangle Tyre Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Triangle Tyre Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Triangle Tyre Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Triangle Tyre Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Triangle Tyre Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor 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¥10.44 per share. Reported Earnings • Aug 29
Second 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. Announcement • Jun 28
Triangle Tyre Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024 Triangle Tyre Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Major Estimate Revision • May 07
Consensus revenue estimates decrease by 11%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥11.7b to CN¥10.4b. EPS estimate increased from CN¥1.62 to CN¥1.80 per share. Net income forecast to grow 1.1% next year vs 32% growth forecast for Auto Components industry in China. Consensus price target up from CN¥18.38 to CN¥20.54. Share price rose 2.2% to CN¥17.56 over the past week. New Risk • May 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (-2,023% net profit margin). Announcement • Apr 29
Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 26, 2024 Triangle Tyre Co.,Ltd, Annual General Meeting, Jun 26, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Weihai, Shandong China Announcement • Mar 29
Triangle Tyre Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Triangle Tyre Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor 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. Announcement • Dec 29
Triangle Tyre Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Triangle Tyre Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Price Target Changed • Oct 29
Price target decreased by 10% to CN¥18.69 Down from CN¥20.80, the current price target is an average from 2 analysts. New target price is 24% above last closing price of CN¥15.07. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥1.49 for next year compared to CN¥0.92 last year. Reported Earnings • Oct 27
Third 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. Announcement • Sep 30
Triangle Tyre Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Triangle Tyre Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 30
Second 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. Announcement • Jun 28
Triangle Tyre Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Triangle Tyre Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Price Target Changed • Jun 06
Price target decreased by 8.1% to CN¥19.11 Down from CN¥20.80, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥15.20. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥1.09 for next year compared to CN¥0.92 last year. Valuation Update With 7 Day Price Move • May 03
Investor 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 28
First 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 21
Now 20% undervalued after recent price drop Over 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 05
Now 20% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be CN¥17.03, 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 16
Less than half of directors are independent Following 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 27
Third 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 2% per year, which means it has not declined as severely as earnings. Board Change • Oct 02
Less than half of directors are independent There 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 31
Second 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.24 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.24 in 1Q 2021). Revenue: CN¥1.85b (down 19% from 1Q 2021). Net income: CN¥58.4m (down 70% from 1Q 2021). Profit margin: 3.2% (down from 8.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No 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 31
Third 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 26
Second 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 24
Full 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 23
New 90-day high: CN¥19.28 The company is up 6.0% from its price of CN¥18.18 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After 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 14%. Is New 90 Day High Low • Nov 06
New 90-day high: CN¥18.80 The company is up 26% from its price of CN¥14.94 on 07 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.47 per share. Reported Earnings • Oct 27
Third quarter earnings released Over 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 21
New 90-day high: CN¥15.82 The company is up 7.0% from its price of CN¥14.84 on 23 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 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥39.63 per share. Announcement • Oct 20
Triangle Tyre Co., Ltd to Report Q3, 2020 Results on Oct 27, 2020 Triangle Tyre Co., Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Jul 10
Triangle Tyre Co., Ltd to Report First Half, 2020 Results on Aug 27, 2020 Triangle Tyre Co., Ltd announced that they will report first half, 2020 results on Aug 27, 2020