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Results: Shandong Linglong Tyre Co.,Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts
shandong linglong tyre (601966.SH): All-steel has released the Terminator high-end series and multiple medium to high-end series products.
Gelonghui October 31st | shandong linglong tyre (601966.SH) stated on the investor interaction platform that since 2024, shandong linglong tyre has launched a new linglong master series, including the designated enjoyment, designated control, and designated silence; they have also launched the terminator high-end series and multiple mid-to-high-end series products for full steel tyres.
Shandong Linglong Tire Co., Ltd. Report for the third quarter of 2024
Announcement of Shandong Linglong Tire Co., Ltd. on the main operating data for the third quarter of 2024
Strong demand, increased production capacity utilization, shandong linglong tyre's net profit in the first three quarters increased by nearly 80% year-on-year | Interpretations
① Product sales increased, combined with receiving anti-dumping tax refunds from the USA, shandong linglong tyre's net profit in the first three quarters increased by 78.39% year-on-year; ② Company officials stated that the company's semi-steel tyre orders remained strong this year, domestic supporting business further optimized, the Serbia base has already achieved monthly profits, and production capacity is rapidly increasing.
Sealand: High-end transformation is the key factor of the next wave of tire opportunities.
After experiencing the first differentiation achieved through overseas base layout, domestic tire companies are very likely to usher in the second differentiation marked by high-end transformation.
When Should You Buy Shandong Linglong Tyre Co.,Ltd. (SHSE:601966)?No Data
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