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.
Shandong Linglong Tyre Co LtdNet profit forecast down 87% year-on-year due to exchange rate losses.