Linglong increases profit in first three quarters

Linglong reports net profit attributable to shareholders in the first three quarters was between 1.65 billion yuan (about £179 million; €215 million) and 1.75 billion yuan (about £190 million; €228 million). At the same time, the tyre manufacturer said it actively upgraded its products in 2024 and continued to make structural adjustments in the domestic and foreign retail and OE markets. In addition, the company’s second overseas base (its Serbia factory) has gradually released production capacity to support production and sales growth in overseas markets.