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Triangle Tyre Co.,Ltd (China)

Main Activities: Tire Manufacturing
Full name: Triangle Tyre Co.,Ltd Profile Updated: April 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

Triangle Tyre Co., Ltd. is a leading innovator in China's tire industry and a pioneer in low-carbon and green development. It was originally founded as Weihai Tyre Factory in 1976. For over forty years, the company has focused on tire technology innovation and is dedicated to the research, design, manufacturing, and sales of road and off-road tire products suitable for different regions, consumers, and usage requirements, serving customers worldwide. The company's product range includes commercial vehicle tires, passenger car tires, engineering radial tires, giant tires, and special tires, making it one of the most comprehensive enterprises in the industry. Its market presence extends to over 180 countries and regions globally, with marketing branches in North America, Europe, Central and South America, Australia, Southeast Asia, the Middle East, Africa, Russia, and India. Triangle is a national high-tech enterprise and a key member of the China Tire Industry Technology Innovation Strategic Alliance. It has established three innovation platforms, including a nationally recognized enterprise technology center, a national engineering laboratory, and a national industrial design center. It also has an overseas research and development institution, the Akron Research and Development Center in the United States. Triangle is one of the main contributors to national and industry standards. The company's "Development of Complete Production Technology and Equipment for Giant Engineering Radial Tires" project has received the National Science and Technology Progress Award. Triangle tires have obtained official product certifications from 60 countries or economies worldwide, including CCC, ECE, DOT, INMETRO, LATU, GSO, and SNI. In China, the company directly provides supporting services to over 50 automobile manufacturers, including China National Heavy Duty Truck Group, FAW Group, Dongfeng Motor Corporation, Golden Dragon Bus, Yutong Bus, Zhongtong Bus, SAIC-GM Wuling Automobile, FAW Car, Zhengzhou Nissan, Changan Suzuki, and Jiangling Motors. It also has global partnerships with companies such as Caterpillar, Terex, Doosan, Hyundai, and Volvo. Triangle upholds the core values of "integrity, innovation, diligence, and love for people" and is committed to providing consumers with the most valuable products and services. It aims to promote coordinated and sustainable growth in the economy, society, and environment, as well as inspire and develop its employees. Triangle Tire is dedicated to the goal of building a global brand.

Headquarters
56 Qingdao Road Weihai Shandong
Weihai; Shandong; Postal Code: 264200

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Website: http://www.triangle.com.cn

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
February 22, 2001
Key Executives
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Director
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Director
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Director
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Director
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General Manager
Ownership Details
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56.84%
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3.63%
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2.38%
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1.92%
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1.74%
Subsidiaries
2015US INVESTMENT HOLDING CORPORATION
100%
A3T LLC
100%
TRIANGLE TYRE ASIA PACIFIC PTE.LTD
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
15.65%
Total operating revenue
15.54%
Operating profit (EBIT)
131.49%
EBITDA
119.67%
Net Profit (Loss) for the Period
125.01%
Total assets
4.88%
Total equity
9.65%
Operating Profit Margin (ROS)
7.75%
Net Profit Margin
6.53%
Return on Equity (ROE)
4.33%
Debt to Equity Ratio
-4.21%
Quick Ratio
0.27%
Cash Ratio
-0.1%

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