Exhibiting the strength of China's tires, the exquisite tires released a semi-annual report summary

On August 1, 2019, Linglong Tire released a summary of the semi-annual report. Linglong tires achieved revenue of 8.31 billion yuan in the first half of the year, up 15% year-on-year; net profit was 725 million yuan, up 38% year-on-year. The basic earnings per share is 0.6 yuan. In the first half of the year, the company's tire production and sales continued to record high in the situation of domestic independent brands and joint-venture brand cars falling sharply. In the first half of the year, it produced a total of 29.06 million tires, an increase of 8.09% year-on-year; cumulative sales of tires reached 27.5775 million, an increase of 7.64%.

Tire production and sales have grown against the trend, and the supporting retail market has double strength.

In 2019, the Chinese tire market was not optimistic, and the output was all the way down. The exquisite tires grew against the trend, and the output and sales volume were commendable. In the first half of 2019, the production and sales of automobiles were 11.23 million and 12.23 million respectively, and the production and sales decreased by 13.7% and 12.4% respectively over the same period of the previous year.

In the first half of the year, the company produced a total of 20,906,800 tires, an increase of 8.09% year-on-year; the cumulative sales of tires was 27,757,500, an increase of 7.64%.

In terms of matching, Linglong tires are strong supporting the state-owned cars, which are the names of Chinese tires. In addition, it successfully matched FAW-Volkswagen Jetta main tires, Changan Ford Fu Ruisi two main tires, Renault electric vehicle main tires and FAW Hongqi L5 Guobin car civilian version of gas-deficient tires. Achieve both matching and replacement.

Global factory successfully laid the foundation, international tentacles production

Linglong Tire's fourth Hubei Jingmen factory was held in July 2018. The first phase of the project is expected to be put into operation at the end of the third quarter of 2019. There are many car manufacturers around this tire factory, which provides great convenience for Linglong tires to expand the market. At the same time, the Serbian factory was laid in March 2019, becoming the first tire company in China to build a factory in Europe.

The Serbian factory was laid in March 2019 to become the first tire company in China to build a factory in Europe.

Continue to increase brand investment, brand value hits new high

In terms of brand promotion, Linglong tires have spared no effort. Continue to renew Juventus, sponsor the Bundesliga team Wolfsburg Football Club, sponsor the Japanese drift race, all add to the brand of Linglong tires.

On June 25, 2019, the 16th "China's 500 Most Valuable Brands" report released by the World Brand Lab was released. The "Linglong" brand was listed on the list for the fifteenth time with a brand value of 45.369 billion yuan. 116.

Linglong tires are letting the world see the power of Chinese tire manufacturing, showing the strength of Chinese tires, exquisite tires, praise!

Reading volume: Source: Tire Business Author: Yue Feng

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