Linglong Tire was founded on June 6, 1994 and listed on the Shanghai Stock Exchange on July 6, 2016. It is an important enterprise in the domestic tire industry. It focuses on the automotive tire business and has advantages in technology research and development and production capacity layout.
Its main business is the design, development, manufacturing and sales of automobile tires. The Shenwan industry it belongs to is automobiles – auto parts – tires and wheels, involving conceptual sectors such as net-breaking stocks, sports industry, repurchase, increase and re-loan.
In terms of operating performance, Linglong Tire’s operating revenue reached 24.642 billion yuan in 2025, ranking 4th among 22 companies in the industry.
The number one company in the industry, Zhongce Rubber, is 44.956 billion yuan, the second place Sailun Tire is 36.792 billion yuan, the industry average is 10.395 billion yuan, and the median is 5.119 billion yuan.
Among the main businesses, tire product revenue was 24.475 billion yuan, accounting for 99.32%, and other (supplementary) revenue was 167 million yuan, accounting for 0.68%.
In terms of net profit, it will be 1.369 billion yuan in 2025, ranking 3rd in the industry. The first place in the industry, Zhongce Rubber, is 4.147 billion yuan, the second place Sailun Tire is 3.617 billion yuan, the industry average is 701 million yuan, and the median is 294 million yuan.
From the perspective of financial status and solvency, Linglong Tire’s asset-liability ratio in 2025 is 51.22%, compared with 53.94% in the same period last year, which is higher than the industry average of 48.09%.
In terms of profitability, the gross profit margin in 2025 will be 17.03%, compared with 22.06% in the same period last year, which is lower than the industry average of 18.32%.
The controlling shareholder of Linglong Tire is Linglong Group Co., Ltd., and its actual controllers are Zhang Guangying, Wang Xicheng, Wang Lin and Wang Feng.
Chairman Wang Feng, born in 1972, is a member of the Communist Party of China with a doctoral degree. He once served as workshop director of Zhaoyuan Rubber Industry Group and currently serves as a director of Linglong Group. His salary in 2025 is 2.6223 million, an increase of 304,000 from 2.3183 million in 2024.
President Zhou Lingkun, born in 1974, graduated from Zhejiang University and has held various positions in Arthur Andersen, IBM and other companies.
As of December 31, 2025, the number of A-share shareholders of Linglong Tire was 87,200, a decrease of 0.35% from the previous period; the average number of circulating A shares held by each household was 16,800, an increase of 0.35% from the previous period.
As of March 31, 2026, among the ten largest tradable shareholders, Hong Kong Securities Clearing Company Limited ranked fourth, holding 9.8643 million shares, a decrease of 1.5058 million shares compared with the previous period; Huashang Runfeng Mixed A (003598) was the fifth largest new tradable shareholder.
, holding 6.3533 million shares; China Southern CSI 500 ETF (510500) ranked sixth, holding 5.6268 million shares, a decrease of 5.1454 million shares compared with the previous period; ICBC Innovation Power Stock (000893) exited the top ten tradable shareholders.
China Post Securities pointed out that on April 27, 2026, Linglong Tire released its 2025 annual report and 2026 first quarter report, with revenue in 2025 of 24.642 billion yuan, the same as
A year-on-year increase of 11.72%, net profit was 1.369 billion yuan, a year-on-year decrease of 21.88%; Q1 revenue in 2026 was 6.057 billion yuan, a year-on-year increase of 6.33%, and net profit attributable to the parent company was 17 million yuan, a year-on-year decrease of 95.04%.
Business highlights are as follows: First, domestic and foreign sales have increased. In 2025, domestic sales revenue will be 12.545 billion yuan, a year-on-year increase of 13.22%, and export and overseas sales revenue will be 11.930 billion yuan, a year-on-year increase of 11.18%.
Second, the supporting and retail end keep pace. In 2025, the supporting volumes of passenger cars, trucks and buses, and off-highway tires will increase by approximately 7%, 50%, and 30% respectively year-on-year.
Third, the “7 + 5” global strategy is steadily advancing. The Serbian project’s 12 million semi-steel and 2.4 million all-steel production lines will be completed by the end of 2025. The domestic 200,000 all-steel retread tire workshop in Changchun, Jilin, has been built, and base projects such as Anhui’s Lu’an and Shaanxi’s Tongchuan are in the planning or approval stage.
CICC pointed out that the company’s revenue in 2025 was 24.642 billion yuan, +11.7% year-on-year, and net profit attributable to the parent company was 1.369 billion yuan, year-on-year – 21.9%; 1Q26 revenue was 6.057 billion yuan, month-on-month – 6.5%, net profit attributable to the parent company was 17 million yuan, month-on-month – 91.6%, and the performance was lower than market expectations.
The business highlights are as follows: First, both incremental and qualitative matching of supporting equipment will be implemented. In 2025, the supporting volume of passenger cars, trucks and buses, and off-highway tires will increase by approximately 7%, 50%, and 30% year-on-year respectively, and high-end supporting equipment will increase significantly.
The second is to firmly promote the global layout. In 2025, the revenue of the Serbian base will be 2.614 billion yuan, a year-on-year increase of 81%. 12 million semi-steel and 2.4 million all-steel production lines have been laid, and it is expected to gradually turn around losses.
In terms of profit forecast, the net profit in 2026 is lowered by 37.3% to 1.600 billion yuan, the net profit in 2027 is introduced to 2.171 billion yuan, and the target price is lowered by 10.4% to 16.3 yuan.
