Shandong Linglong Tyre Co.,Ltd.’s Net Profit Rose 407% in First Half 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 561.1 million yuan in the first half of 2023, up 407% year-on-year.

Meanwhile, the company posted 9.2 billion yuan in revenue, up 9.9% year-on-year.

At the end of the reporting period, it had 40.2 billion yuan in total assets and 20 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.