Linglong Tyre(SH:601966) Sou Hu Cai Jing·2025-07-02 14:19Core Viewpoint - Shandong Linglong Tire Co., Ltd. is planning to list on the Hong Kong Stock Exchange to enhance its capital strength, international brand image, and support its global strategy [1][3]. Group 1: Company Overview - Linglong Tire was founded in June 1994 and became a joint-stock company in June 2010, listing on the Shanghai Stock Exchange in July 2016 with the stock code "601966" [3][4]. - The company is headquartered in Zhaoyuan City, Yantai, Shandong Province, with a registered capital of approximately 146 million yuan [3]. - Major shareholders include Linglong Group Co., Ltd., Yingcheng Trading Co., Ltd., and Hong Kong Central Clearing Limited [3]. Group 2: Financial Performance - In the fiscal years 2022, 2023, and 2024, Linglong Tire reported revenues of approximately 17.01 billion yuan, 20.17 billion yuan, and 22.06 billion yuan, respectively [6][7]. - Gross profits for the same periods were approximately 1.87 billion yuan, 3.60 billion yuan, and 4.34 billion yuan, with net profits of about 292 million yuan, 1.39 billion yuan, and 1.75 billion yuan [6][7]. - The company has raised approximately 7 billion yuan in the public market through various financing activities since its listing [4]. Group 3: Product and Market Strategy - Linglong Tire manufactures a range of tire products, including passenger and light truck tires, truck and bus tires, and off-road tires, under brands such as Linglong, Liao, Yufeng, Atlas, Crosswind, and Green Max [4][5]. - The company has established seven major R&D centers and seven production bases globally, with five located in China and two in Thailand and Serbia [5]. - Linglong Tire sells products directly to over 60 automotive manufacturers and has a distribution network comprising more than 1,240 distributors [5].