Recently, the latest disclosure of the 2019 quarterly report of Linglong Tire (601966) shows that in the first three quarters of 2019, the company achieved operating income of 12.509 billion yuan, an increase of 13.26%; the net profit attributable to shareholders of listed companies was 1.214 billion yuan, a year-on-year increase. 37.38%. Among them, in the third quarter, the company achieved a net profit of 489 million yuan attributable to shareholders of listed companies, and the net profit in a single quarter hit another record high.
From 2016 to 2018, the average annual growth rate of Linglong Tire's operating income, operating profit and tire production and sales reached 21%, 10% and 13% respectively. At the same time, in the first half of this year, the company's operating income reached a record high of 8.31 billion yuan, operating profit reached 752 million yuan, and profitability continued to increase. The production and sales of tires reached 29.06 million and 27.57 million respectively, achieving steady and rapid growth.
At present, Linglong Tire has developed into a world-renowned tire 20 and the top 3 tire brand in China. It has six production bases in the world and its products are sold to more than 180 countries and regions around the world. It has successfully entered Audi, Volkswagen, General Motors and Ford. The supplier system of world-renowned automobile companies is on the road to achieving high-quality development of enterprises.
Linglong tire global sales network
On October 18, 2016, the China Central Tire Testing Site, the first large-scale outdoor integrated tire testing site invested and constructed by Linglong Group, was put into trial operation in Zhaoyuan City, Shandong Province. At this point, China's large outdoor tire testing ground has finally achieved a breakthrough from 0 to 1, which is an amazing thing for the development of China's tire industry.
In March 2019, the Serbian factory of Linglong Tire began to unearth, and Linglong became China's first tire company to build a factory in Europe. The investment project will build a high-performance radial tire factory with a capacity of 13.62 million, including an annual passenger tire 1200. 10,000 sets, 1.6 million sets of truck and bus tires, 20,000 sets of engineering tires and agricultural radial tires. Riding the "One Belt, One Road" spring breeze, exquisite tires go to Europe.
Exquisite tires Serbia factory
Linglong tires are making an impact on world-class tires one step at a time, and both quality and sales are constantly making new breakthroughs!
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