Core Viewpoint - Shandong Linglong Tire Co., Ltd. has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange, aiming to enhance its capital strength and global competitiveness [1][2]. Group 1: Company Strategy - The issuance of H-shares is part of Linglong's strategy to strengthen its international brand image and support its global business development [2]. - Linglong is actively pursuing a "7+5" global layout strategy, with seven factories in China and five overseas, including production bases in Thailand and Serbia [4]. Group 2: Financial Performance - In 2024, Linglong achieved a revenue of 22.058 billion yuan, a year-on-year increase of 9.39%, and a net profit attributable to shareholders of 1.752 billion yuan, reflecting a significant year-on-year growth of 26.01% [2]. Group 3: Market Context - The Hong Kong IPO market is expected to see a surge in listings, with around 40 companies anticipated to go public in the first half of 2025, raising approximately 108.7 billion HKD, a 711% increase year-on-year [5][7]. - The recent optimization of the listing approval process by the Hong Kong Stock Exchange has created a favorable environment for Chinese companies to list, contributing to the "A+H" listing trend [7].
玲珑轮胎港交所上市再进一步!