On July 6, it is the third anniversary for Linglong Tire's IPO.
In the past three years, the company realized performance growth, sales and production creating new record which listing China's top 3 and Global top 20.
In recent conference, Wang Feng, chairman of Linglong Tire said that the company would foot on international strategy and improve high-quality development, heading to global first-class companies.
Performance keeps growing
In recent three years, Linglong Tire realized sales revenue and net profit doubled.
In 2017, Linglong Tire realized 50 million units of tire production, and in 2018, the company realized 50 million units of tire sales.
In 2019, with Chinese auto sales declining, the company still posted 14.78% of sale revenue growth in the first three months; the company produced 14,450,400 units of tires, yearly up 12.58% and sold 13,811,200 units of tires, yearly increasing 11.7%.
Matching business broke through
With Linglong Tire's sales and production creating new record, the company also realized matching business breakthrough.
Wang Feng said, Linglong Tire has provided matching tires for over 60 auto manufacturers all over the world, such as Audi, Volkswagon, Ford etc..
Ling Long Tires said that with market concentration ratio increasing, the company is expected to list in second level global brand first in Chinese tire industry.
Global strategy pushed Linglong growing
In the past three years, Linglong Tire has set up five domestic production bases and three overseas production bases, which opened the company's up growing room.
In China, Linglong tire owned 4 production bases in Zhaoyuan Shandong Province, Dezhou Shandong Province, Liuzhou Guangxi Province and Jinmen Hubei Province and two overseas production bases, one is in Thailand and the other is in Serbia.
Technology innovation
On technology research, Linglong Tire kept investment and research in the past three years.
The company has set up 6 research institutes all over the world, developing dandelion rubber-made tires, 3D printed TPU tire, graphene tire and radial tires for plane.
Not long ago, Linglong Tire has acquired Second Prize of national Technology Development Awards and the Second Prize of National Technology Innovation Awards.
In June, Linglong Tire ranked the 116th in the list of Top 500 Most Valuable Brand in China, which created 45.37 billion yuan of brand value.
The company's management promised not selling its hares between July 8 of 2019 to December 31 of 2019.
In the first half years, LingLong Tire invested 362 million yuan to buy back 22 million shares, which took 1.83% of total shares.
