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Triangle Tire 2024 Semi-Annual Report
Triangle Tire 2024 Semi-Annual Report Summary
Triangle Tyre (601163.SH) announced its semi-annual performance, with a net income of 0.612 billion yuan, a year-on-year increase of 0.67%.
Triangle Tyre (601163.SH) released its semi-annual report for 2024, reporting that the company achieved revenue of 50.0 million during the reporting period...
Triangle Tyre (601163.SH): The net income in the first half of the year was 0.612 billion yuan, with a year-on-year growth of 0.67%.
Triangle Tyre (601163.SH) released its semi-annual report for the year 2024 on August 28th. During the reporting period, the company achieved a revenue of CNY 5.003 billion, a decrease of 3.68% YoY. The net income attributable to shareholders of the listed company was CNY 0.612 billion, an increase of 0.67% YoY. The net income attributable to shareholders of the listed company, excluding non-recurring gains and losses, was CNY 0.484 billion, a decrease of 3.23% YoY. The basic earnings per share were CNY 0.77.
Minsheng Securities: Accelerating the globalization of China's tire industry by leveraging the advantages of intelligent manufacturing.
Chinese tire companies have significant advantages in terms of labor costs and intelligent manufacturing. In the short term, they have achieved rapid expansion based on the population dividend. In the medium term, they are accelerating the globalization process with the advantage of intelligent manufacturing. In the long term, they are expected to obtain brand premium based on their technical strength.
Should You Buy Triangle Tyre Co.,Ltd (SHSE:601163) For Its Upcoming Dividend?
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