JINAN – Shangdong Linglong Tire Co Ltd (Linglong Tire), a leading Chinese tire manufacturer, saw annual growth of 41.2 percent in net profit attributable to shareholders of the listed company in 2019.

The company said its net profit attributable to shareholders of the listed company reached 1.67 billion yuan ($238 million) last year.

Linglong Tire sold a total of 58.99 million tires in 2019, with its sales revenue reaching 17.2 billion yuan, up 12.17 percent year-on-year.

Founded in 1975 and headquartered in East China’s Shandong province, Linglong Tire sells its products to companies in over 180 countries and regions, including world-class automakers such as Volkswagen, General Motors and Ford.

The company now has two overseas manufacturing plants in Thailand and Serbia, respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Exclusive: Chief of Malaysia’s Petronas quit over payment to state, sources say

KUALA LUMPUR (Reuters) – The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states run by a government ally, sources close to the…

Wall Street ends mostly higher as U.S.-China spat simmers

(Reuters) – U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session…

Walmart shortens its hours even further and takes new measures to fight coronavirus

New York (CNN Business)Walmart, the largest retailer in America, is shortening its hours even further as the coronavirus pandemic — and demand for necessities — escalates. Beginning Thursday, many of Walmart’s 4,700 US stores will be open from 7 am…

Skateboard legend announces the return of ‘Tony Hawk’s Pro Skater’ on his 52nd birthday

(CNN)Tony Hawk celebrated his 52nd birthday by announcing on Twitter the return of two of the most iconic skateboarding games “Tony Hawk’s Pro Skater” 1 and 2 are being remastered for Xbox One, PlayStation 4 and PC. The games will…