Linglong Tyre(SH:601966) Ge Long Hui A P P·2025-09-09 07:59Core Viewpoint - The report from Guohai Securities highlights the significant improvement in Linglong Tire's net profit and revenue growth in the first half of 2025, driven by increased tire sales and a strong position in the domestic and global automotive supply market [1] Group 1: Financial Performance - In Q2 2025, Linglong Tire's net profit attributable to shareholders showed substantial improvement [1] - The company's revenue in the first half of 2025 increased year-on-year [1] Group 2: Market Position - Linglong Tire has established a leading position in the domestic automotive supply market for several consecutive years, providing services to over 70 global OEMs across more than 200 bases [1] - The company covers mainstream vehicle series from China, Germany, Europe, the United States, and Japan [1] Group 3: New Energy Sector - Linglong Tire remains the top supplier of tires for China's new energy vehicles, with major clients including BYD, Geely, Wuling, Hongqi, and Leap Motor [1] Group 4: Global Expansion Strategy - The company is committed to global expansion, accelerating the implementation of its "7+5" strategic layout [1] - A new project in Brazil is planned with an investment of approximately $1.193 billion, expected to take seven years to complete in three phases, with construction starting in Q3 2025 and gradual production by the end of 2032 [1] Group 5: Investment Rating - Considering the company's long-term growth potential, Guohai Securities maintains a "buy" rating for Linglong Tire [1]