Shandong Linglong Tyre Co.,Ltd.’s Net Profit Dropped 76.7% in First Three Quarters 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 216.2 million yuan in the first three quarters of 2022, down 76.7% year-on-year.

Meanwhile, the company posted 12.8 billion yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 36.6 billion yuan in total assets and 17.4 billion yuan in total liabilities, with a liability-to-asset ratio of 47.6%.