May 03, 2023 08:00 AM

Shandong Linglong Tyre Co.,Ltd.’s Net Profit Dropped 63% in 2022

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Shandong Linglong Tyre Co.,Ltd. (山东玲珑轮胎股份有限公司) (601966.SH) reported a net profit of 291.8 million yuan in 2022, down 63% year-on-year.

Meanwhile, the company posted 17 billion yuan in revenue, down 8.5% year-on-year.

At the end of the reporting period, it had 37.4 billion yuan in total assets and 18.1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.5%.

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