Triangle Tire Co., Ltd. released on Oct. 27 the financial report for the first three quarters of this year.
As of end-Sept., the company’s total assets were 12.93 billion yuan, rising 45.92% from the end of last year; and the net assets attributable to shareholders totaled 7.59 billion yuan, surging 177.50%.
In the first nine months, Triangle Tire’s operating revenue lessened 9.64% year on year to 4.95 billion yuan; and the net profit attributable to shareholders dipped 0.28% to 567 million yuan.
Two indicators in the financial report changed significantly.
The first one is the capital surplus increased by 10,402.7% from the beginning of this year because of share premium after its IPO.
The second one is the other non-current assets rose 1948.38% due to purchase of wealth management products.
