Duyuru • Jun 30
Triangle Tyre Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026 Triangle Tyre Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026 Duyuru • May 21
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 Board Change • May 20
Less than half of directors are independent There 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. Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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 6% per year, which means it is significantly lagging earnings growth. 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¥10.48 per share. Duyuru • 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 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. Duyuru • 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 New Risk • Apr 30
New major risk - Revenue size The 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. Duyuru • 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 Duyuru • 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. Duyuru • 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 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. Duyuru • 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. Duyuru • 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 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¥17.01, 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 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 5% 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 3% per year, which means it has not declined as severely as 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 27
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 25
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 24
New 90-day high: CN¥19.28 The 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 24
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 15%. Is New 90 Day High Low • Nov 05
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 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 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 20
New 90-day high: CN¥15.82 The 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.