On October 27, Triangle Tire released its performance report in third quarter.
The company produced 4,128,600 units of tires during July to September, and sold 4,268,200 units, realizing 1.849 billion yuan.
The report said that tire production price has monthly increased 2.21%, due to rising foreign exchange rate.
The company posted 5.536 billion yuan of sales revenue in the first nine months, and 330 million yuan of net profit attributed to shareholders.
The report said that the company realized 129 million yuan of net profit, year-on-year up 32.8%.
