Core Viewpoint - Shandong Linglong Tire Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities and CMB International as joint sponsors [1] Company Overview - Linglong Tire is a leading global tire manufacturer engaged in the design, development, production, and sales of a diverse and expanding range of tire products, showcasing strong sales performance and rapid growth [4] - The product portfolio includes a wide range of passenger and light truck tires, truck and bus tires, and off-road tires, with various specifications to meet different application scenarios [4] - The company operates under several proprietary brands, including Linglong, Lio, Yufeng, Atlas, Greenline, and Ruijie [4] Global Presence - As of December 31, 2024, Linglong Tire has established seven major R&D centers and seven major production bases globally, with five located in China and two in Thailand and Serbia [4] - The company sells products directly to over 60 automotive manufacturers, including eight of the top ten international automotive manufacturers based on global sales in 2024, as well as other renowned brands from China, Germany, Europe, the United States, and Japan [4] - Linglong Tire has built a distribution network consisting of over 1,240 distributors for retail sales [4] Market Position - According to Frost & Sullivan, Linglong Tire is the largest OE tire manufacturer in the Chinese market and the third-largest OE tire manufacturer globally based on global sales in 2024 [4] - The company has been the largest global manufacturer of OE tires for new energy vehicles for five consecutive years since 2020, based on global sales in 2024 [4] Financial Performance - For the fiscal years 2022, 2023, and 2024, Linglong Tire reported revenues of approximately 17.01 billion, 20.17 billion, and 22.06 billion RMB, respectively [5][7] - The net profits for the same periods were approximately 0.29 billion, 1.39 billion, and 1.75 billion RMB, respectively [5][7]