Triangle Tire's tire output in the first half of the year was 12.98 million

On August 26, Triangle Tire Co.
, Ltd.
(601163, SH) released the financial report for the first half of 2021, producing 12.
98 million tires of various types, an increase of 25% year-on-year (the same below); the operating income was 4.
539 billion yuan, an increase of 17.
56%; Net profit was 347 million yuan, down 23.
90%
.


The annual report disclosed that in terms of output, the company's capacity utilization rate reached more than 95%.
Among them, the production lines of the two fundraising projects in Huamao Second District and Huayang Branch reached production at the end of 2020, and the output increased by 1.
6 million, which is the main factor for the increase in production
.


In terms of market performance, the sales of commercial vehicle tires, passenger vehicle tires and engineering tires all increased by more than 17% year-on-year, and domestic and foreign trade sales increased simultaneously
.
In the first half of the year, the domestic trade market was greatly affected by the domestic upstream and downstream industries, and the year-on-year growth rate in the second quarter fell significantly.
The restriction of international shipping capacity and the sharp rise in export shipping costs affected foreign trade sales
.


  In terms of revenue and profit, the decrease in net profit was mainly due to the continuous rise in raw material prices and the inability to synchronously increase the sales price of products, the tight international shipping capacity restricting the export of tires, and the sharp rise in export shipping costs
.
Although the company's tire prices were raised several times in the first half of the year, it still failed to cover the impact of rising raw materials, which affected the performance of the first half of the year to a certain extent
.
In the second quarter, the sales price of the company's tire products increased by 1.
8% year-on-year and 3.
0% month-on-month
.


  In the second half of the year, the company will focus on the market, actively adjust its marketing policies according to cost changes and market competition, and expand domestic and foreign sales; deepen cooperation and exchanges with OEMs in technology, products and services, and expand the scope of business cooperation; strengthen The cooperation and support with domestic and foreign dealers and end customers will further close to the retail market
.