Shanghai S.E.
18:00:00 2024-05-16 EDT
5-day change
1st Jan Change
16.93
CNY
-0.35%
-4.99%
+17.49%
Triangle Tyre Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2019
August 27, 2019 at 05:06 pm
Triangle Tyre Co. Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 3,883.036 million compared to CNY 3,679.685 million a year ago. Operating income was CNY 442.134 million compared to CNY 222.642 million a year ago. Net income was CNY 376.403 million compared to CNY 201.066 million a year ago. Basic earnings per share from continuing operations was CNY 0.47 compared to CNY 0.25 a year ago.
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Jiangsu Xingda Steel Tyre Cord Group Corporation announced that it expects to receive CNY 230 million in funding from Chengshan Group Co., Ltd., Shandong Linglong Tyre Co.,Ltd., Sailun Group Co., Ltd., Triangle Tyre Co., Ltd, Jiaxing Jianxin Chenyue Equity Investment Enterprise (Limited Partnership)
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Certain A Shares of Triangle Tyre Co., Ltd are subject to a Lock-Up Agreement Ending on 9-SEP-2019.
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CI
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19-08-27
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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TRIANGLE TYRE CO., LTD is a China-based company and mainly engaged in research and development, manufacture and sales of tire. The main products of the company are high-performance tires for commercial vehicles, tires for passenger car, oblique engineering tires, meridian project tires and meridian project giant tires. Meanwhile, the Company also provides original equipment manufacture service for clients. The Company distributes its products in domestic and to overseas markets.
More about the company
Last Close Price
16.93
CNY
Average target price
20.54
CNY
Spread / Average Target
+21.32%
Consensus
1st Jan change
Capi.
+17.49% 1.88B -0.34% 6.55B +3.80% 6B +18.93% 5.36B +14.77% 4.53B -2.64% 4.03B +7.76% 3.71B +23.45% 3.69B +42.39% 3.17B +34.69% 1.57B
Tire & Tube Manufacturers
+951% of historical
More than 20 years
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