Shandong Linglong Tire Co.,Ltd. released its 2017 annual report on April 20.
The company said that it realized 13.92 billion yuan of operation income in 2017, year-on-year rising by 32.33% compared to the same period of 2017.
At the same time, the company announced 1.048 billion yuan of net profit belonging to shareholders, which is the third year showing growth.
Currently, Linglong Tire's production of half-steel radial tire, full-steel radial tire respectively listed in the first and second rank of China tire industry.
In 2017, Linglong tire's overseas operation income and domestic income were respectively 6.858 billion yuan and 6.914 billion yuan. And its overseas' asset took 23.9% of total assets, reaching 4.633 billion yuan.
Meanwhile, Linglong Tire also introduced its factory's production and operation ratio.
In 2017, the company expanded 300,000 units/year of full-steel radial tire production in Zhaoyuan Production Base. It also expanded 1,600,000 units/year of half-steel radial tire production in Liuzhou factory.
Besides overseas factories, Linglong tire increased 1,200,000 units/year of half-steel radial tires and 200,000 units/year of full-steel radial tires in Texas factory.
While it increased 3 million units/year of half-steel radial tire and 300,000 units/year of full-steel radial tire in Thailand Production Base.
Linglong Tire also said that the company's sale net could cover all over China and they also has over 300 agent abroad.
