Core Viewpoint - Linglong Tire, founded in 1975, has evolved from tire retreading to a leading green and low-carbon tire manufacturer, producing nearly 90 million tires annually and exporting to 173 countries [1][2]. Group 1: Company Development and Market Position - Linglong Tire has become a preferred original equipment manufacturer (OEM) for 8 out of the top 10 global automotive companies, supplying over 300 million tires [5][6]. - The company aims to achieve a long-term development goal by 2030, focusing on world-class technology, management, and brand influence [1][11]. - In 2024, Linglong Tire's OEM supply is expected to approach 30 million tires, capturing over 20% of the domestic new energy vehicle OEM market and nearly 12% globally [5][6]. Group 2: Business Strategy - The company employs a "four-legged" strategy, balancing domestic and international sales, as well as OEM and replacement tire markets, enhancing risk management and market adaptability [6]. - Linglong Tire's diverse market approach allows for greater growth potential compared to competitors reliant on single-channel strategies [6]. Group 3: Research and Development - Linglong Tire has established a global open innovation R&D system, investing over 4% of its annual revenue in R&D, with a projected investment of 920 million yuan in 2024, marking a 12.97% increase year-on-year [7][9]. - The company has developed innovative products such as dandelion rubber tires and 79% sustainable eco-friendly tires, showcasing its commitment to technological advancement [7][9]. Group 4: Market Recognition and Future Outlook - Linglong Tire is recognized for its quality, ranking first in passenger and light truck tire production in China and among the top three for truck and bus tires [10]. - The company aims to implement its "7+5" global strategy by 2030, focusing on innovation-driven development and brand marketing [11][14]. - As the Chinese automotive industry, particularly in new energy vehicles, continues to grow, Linglong Tire is positioned to compete globally, leveraging its scale and capabilities [14].