Shandong Linglong Tyre (601966) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached RMB 18.16 billion, up 13.87% year-over-year, but net profit attributable to shareholders fell 31.81% to RMB 1.17 billion due to higher raw material costs and the absence of last year's one-off U.S. anti-dumping tax rebate and forex gains.

• Q3 net profit attributable to shareholders dropped 60.22% year-over-year, with basic EPS for the quarter at RMB 0.22, down 59.26%.

Financial highlights

• Q3 revenue: RMB 6.35 billion; Q3 net profit: RMB 312.86 million, down 60.22% year-over-year.

• Nine-month operating cash flow: RMB 1.37 billion, down 2.47% year-over-year.

• Gross margin and operating profit declined due to increased costs and lower one-off gains.

• Basic and diluted EPS for the first nine months: RMB 0.80, down 31.62% year-over-year.

Outlook and guidance

• The controlling shareholder plans to increase its stake by at least RMB 200 million (up to RMB 300 million) within six months to support share price and investor confidence.