Triangle’s global sales declined in 2024, but European sales up
In 2024, Triangle’s revenue and net profit both declined. Among them, revenue was 10.16 billion yuan (about £1.045 billion; €1.228 billion), a decline of 2.55 per cent; net profit was 1.1 billion yuan (about £113 million; €133 million), a decrease of 21.03 per cent. The cash flow situation was even worse, down 45.08 per cent year-on-year. Triangle said the main reason for its cash flow decline was that its “purchase payment amount increased and sales received cash decreased” in 2024.