Triangle Tyre Co. Hits Day Low of CNY 13.43 Amid Price Pressure

Triangle Tyre Co., Ltd. experienced a significant decline in its stock performance on March 23, 2026, with a drop of 5.64%. The stock reached an intraday low of CNY 13.43, reflecting ongoing challenges faced by the company. Over the past week, Triangle Tyre has seen a decrease of 9.24%, and its performance over the last month has declined by 10.62%. In the context of the broader market, the China Shanghai Composite index fell by 3.63% on the same day, indicating that Triangle Tyre's performance was notably weaker than the market average. Over the past year, the stock has underperformed significantly, with a return of just 2.67%, compared to the market's 22.49% gain. Financial metrics reveal a concerning trend, with net sales growing at an annual rate of only 3.60% and operating profit declining by 7.92% over the last five years. The company's operating cash flow has reached a low of CNY 774.48 million, and net profit for the first nine months has decreased by 22.81%. With a market capitalization of CNY 12,128 million, Triangle Tyre continues to navigate a challenging landscape within the auto components and equipment industry.