Shandong Linglong Tyre Co.,Ltd. Posted 213.7 Million Yuan Net Profit in First Quarter of 2023

Shandong Linglong Tyre Co.,Ltd. (山东玲珑轮胎股份有限公司) (601966.SH) reported a net profit of 213.7 million yuan in the first quarter of 2023, reversing a net loss of 91.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.4 billion yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 37.7 billion yuan in total assets and 18.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.5%.