Linglong Tyre(601966)2024-10-09 07:41Financial Performance - The company expects a net profit attributable to shareholders for the first three quarters of 2024 to be between 1.65 billion and 1.75 billion CNY, an increase of 690 million to 790 million CNY compared to the same period last year, representing a year-on-year growth of 72% to 82%[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 1.35 billion and 1.43 billion CNY, an increase of 459 million to 539 million CNY compared to the same period last year, representing a year-on-year growth of 52% to 60%[5]. - The total profit for the same period last year was 1.033 billion CNY, with a net profit attributable to shareholders of 960 million CNY[6]. - The performance forecast is based on preliminary calculations by the company's financial department and has not yet been audited by registered accountants[8]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and the accurate financial data will be disclosed in the official third-quarter report[9]. Sales and Market Growth - The company achieved a sales volume growth of approximately 11% year-on-year for the first three quarters of 2024, with significant growth in the sales of passenger car tires[7]. - The overseas second base has gradually released production capacity, supporting sales growth in overseas markets[7]. Operational Improvements - The company received anti-dumping tax refunds in the third quarter, which contributed to increased revenue[7]. - The company is actively upgrading products and conducting structural adjustments in both domestic and international retail and supporting markets[7]. - The company has been continuously promoting cost reduction and efficiency improvement, leading to a significant enhancement in profitability[7].