Recently, Triangle Tire Co., Ltd. held a performance briefing for the first quarter of 2023 and 2024.
In 2023, the company seized the opportunity of the recovery of the global tire market and achieved the best performance in history.
According to the data, Triangle Tire's revenue exceeded 10.422 billion yuan that year, and its net profit reached 1.396 billion yuan.
In the first quarter of 2024, its net profit will be about 294 million yuan, a new high for the same period in history.
Lin Xiaobin, general manager of Triangle Tire, said that the outstanding performance since last year is inseparable from the company's multi-dimensional product development and channel expansion.
In 2023, Triangle Tire will strengthen the iterative evolution of products, and a total of 117 new products will be launched throughout the year.
In terms of commercial vehicles, the company focused on launching high-performance all-wheel positioning and drive products for medium and long-distance freight to improve the wear resistance and safety of freight products.
The mining product series has been improved to enhance the explosion-proof and anti-load capabilities.
In terms of passenger car tires, the company has launched three series of high-performance tires (including EV and silent cotton series) to meet the needs of domestic and foreign markets.
In terms of engineering tires, the comprehensive performance of the product is further improved through the optimization and adjustment of process, structure, materials and formulation.
Lin Xiaobin said that at present, the market demand of the tire industry in 2024 will be relatively stable.
In particular, the demand for foreign trade is still relatively strong.
They will continue to cooperate with leading new energy vehicle companies to increase the development and promotion of special products for new energy vehicles.
At the same time, we will increase the supporting share of large-size tire products and improve the performance and market competitive advantage of mainstream products.
(This article is organized by Tire World Network, please indicate the source: Tire World Network)