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Triangle Tyre Co.,Ltd's (SHSE:601163) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Huachuang Securities: Tire raw material costs are expected to fall in the second half of the year, waiting for the marine transportation cost to reach the inflection point.
As natural rubber enters its peak supply period in the second half of the year, coupled with the bottoming out and rebound of refinery operating rates, it is expected that synthetic rubber prices will fall, which will help alleviate cost pressures on tire companies.
Triangle Tyre (601163.SH): After the aviation tire airworthiness certificate expired, an extension application has been made to the authorities.
Triangle Tyre (601163.SH) stated on the investor interaction platform on July 18 that after the expiration of the aviation tire airworthiness certification application, an extension has been applied to the authorities, which will not affect the normal progress of work.
Triangle Tyre (601163.SH): has established global cooperation with companies such as Caterpillar, Terex Corp, and Doosan internationally.
Triangle Tyre (601163.SH) stated on the investor communication platform that it provides supporting services directly to over 50 domestic auto manufacturers and more than 20 construction machinery manufacturers such as China National Heavy Duty Truck Group, Shaanxi Heavy Duty Automobile Co., Ltd., China FAW Group, SANY Group, Dongfeng Motor Corporation, Yutong Group, King Long United Automotive Industry (Suzhou) Co., Ltd., Jiangling Motors Co., Ltd., Anhui Jianghuai Automobile Group Corp., Ltd., SAIC-GM-Wuling Automobile Co., Ltd., Zhengzhou Nissan Automobile Co., Ltd., Geely, Caterpillar (China factory), Longgong, Xugong, Shantui, etc. It has established global cooperation with companies such as Caterpillar, Terex Corp, Doosan, Hyundai, and Volvo.
Triangle Tyre (601163.SH): a complete aviation tire organization structure has been established, and production equipment has been put into use.
Triangle tyre (601163.SH) stated on the investor interactive platform on July 17th that the company has established a complete aviation tyre organization structure, and the production equipment has been put into use. It has the conformity manufacturing capability required for airworthiness certification, and the quality system operation status of aviation tyres meets the conformity manufacturing review conditions. At present, while combining with product trial improvement, the operation quality and efficiency of the company are being improved, and the product is not yet in the stage of mass production.
Triangle Tyre Co.,Ltd's (SHSE:601163) Share Price Is Matching Sentiment Around Its Earnings
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