On October 16, Shandong Linglong Tire announced that the company realized 11.045 billion yuan of sales revenue in the first nine months, yearly increasing 7.06%. And its posted 947 million tons of profit, yearly increasing 21.19%.
Amongst, net profit belonging to shareholders was 884 million yuan, yearly up 22.79%. After non-recurring gains and losses, the company's net profit still showed year-on-year growth to 858 million yuan.
By the end of third quarter, Linglong Tire has reached 22.529 billion yuan of total asset, up 16.21% compared to the beginning of 2018.
Since 2018, Linglong Tire continued to develop domestic and overseas production bases' construction, and their sale channels' construction. In this year, it signed investment MOU for European factory, started production base construction in Hubei Province and increased investment in Guangxi production base.
At the same time, the company strengthen cooperation with American dealer ATD, and signed strategy agreement with South American dealer SUNSET.
In domestic market, Linglong also showed unprecedented activities.
