Shandong Linglong Tyre Co.,Ltd.’s Net Profit Dropped 85.7% in First Half of 2022

Shandong Linglong Tyre Co.,Ltd. (山东玲珑轮胎股份有限公司) (601966.SH) reported a net profit of 110.7 million yuan in the first half of 2022, down 85.7% year-on-year.

Meanwhile, the company posted 8.4 billion yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 35.8 billion yuan in total assets and 17 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.