Linglong Tyre(SH:601966)2024-07-08 08:49Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 850 million and 1.02 billion CNY, an increase of 289 million to 459 million CNY compared to the same period last year, representing a year-on-year increase of 52% to 82%[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 840 million and 990 million CNY, an increase of 341 million to 491 million CNY compared to the same period last year, representing a year-on-year increase of 68% to 98%[4]. - The total profit for the same period last year was 593 million CNY, with a net profit attributable to shareholders of 561 million CNY and a net profit after deducting non-recurring gains and losses of 499 million CNY[5]. Sales Growth - The company achieved a sales volume growth of approximately 11% in the first half of 2024, with overseas market sales increasing by about 20%[6]. - The sales volume of high-margin passenger car tires increased by approximately 12% year-on-year[6]. Operational Strategies - The company is actively upgrading products and conducting structural adjustments in both domestic and international retail and supporting markets[6]. - The overseas second base has gradually released production capacity, supporting growth in overseas market sales[6]. - The company has implemented cost reduction and efficiency enhancement measures, significantly improving profitability[6]. Forecast and Risks - This earnings forecast is based on preliminary calculations by the company's finance department and has not yet been audited by certified public accountants[7]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the formal disclosure of the 2024 semi-annual report[8].