Shandong Linglong Tyre Co Ltd

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Linglong Tire's 2026 interim net profit was 101 million yuan, down 88.13% year-on-year

Linglong Tire released its 2026 interim report. Total operating revenue was 12.733 billion yuan, and net profit attributable to the parent company was 101 million yuan, a decrease of 753 million yuan from the same period last year, down 88.13% year-on-year. Net cash inflow from operating activities was 1.316 billion yuan. The asset-liability ratio was 50.85%, and the gross margin was 15.79%, down 1.28 percentage points from the previous quarter. Diluted earnings per share were 0.07 yuan, down 87.93% year-on-year. The number of shareholders was 82,700, and the top ten shareholders held 58.41% of the total share capital.

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Linglong Tire Has Repurchased 1.85 Million Shares for Approximately 20 Million Yuan

Linglong Tire disclosed the progress of its share repurchase. As of July 31, 2026, the company had repurchased a total of 1.85 million shares, accounting for 0.13% of its total share capital. The total repurchase amount was approximately 20 million yuan, with the repurchase price ranging from 10.16 yuan to 11.5 yuan per share. In the first quarter of 2026, the company achieved operating revenue of 6.057 billion yuan and net profit attributable to the parent company of 16.89 million yuan.

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Linglong Tire’s actual controller Wang Feng transfers controlling shareholder equity to spouse Dai Yunxia at zero consideration

Linglong Tire’s actual controller Wang Feng has transferred his entire 14.55% stake in the controlling shareholder Linglong Group to his spouse Dai Yunxia at zero consideration. As a result, Dai Yunxia indirectly holds approximately 6% of Linglong Tire, with a market value of about 1.038 billion yuan based on the current share price. After the transfer, Wang Feng no longer directly holds equity in Linglong Group, but still indirectly holds approximately 4% of Linglong Tire through Yingcheng Trading Co., Ltd. Dai Yunxia has also signed a concert party agreement with Wang Feng, Wang Xicheng, Zhang Guangying, and Wang Lin, further consolidating the Wang family’s control over Linglong Group. Wang Feng is the son of Linglong Tire founder Wang Xicheng. He previously resigned as company president but remains chairman.

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Linglong Tire expects first-half 2026 net profit to drop 87% year-on-year

Linglong Tire disclosed its earnings forecast, estimating net profit attributable to the parent company for the first half of 2026 at 110 million yuan, down 87% year-on-year. Deducted non-recurring net profit is expected to be 9 million yuan, down 99%. The sharp decline is mainly due to exchange rate fluctuations. The appreciation of the renminbi led to an exchange loss of about 342 million yuan in the first half, compared with an exchange gain of 691 million yuan in the same period of 2025, reducing total profit by approximately 1.033 billion yuan year-on-year. Excluding the exchange rate impact, the company's main business operations improved year-on-year.

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Linglong Tire's Controlling Shareholder Releases 47 Million Shares from Pledge

Linglong Tire's controlling shareholder, Linglong Group, has released 47 million shares from pledge, representing 7.80% of its holdings and 3.21% of the company's total share capital. As of the announcement date, Linglong Group still has 141 million shares pledged, accounting for 23.32% of its holdings and 9.60% of the company's total share capital. In the first quarter of 2026, Linglong Tire achieved revenue of 6.057 billion yuan and net profit attributable to the parent company of 16.89 million yuan.

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