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Express News | Tianfeng Securities: Focus on two investment themes in the chemical industry, hard assets and business cycle.
shandong linglong tyre (601966.SH): The company increased the prices of domestic retail products once in October and November.
On November 20, Glonghui reported that Shandong Linglong Tyre (601966.SH) stated on the investor interaction platform that: 1. The company's domestic retail products had one price increase each in October and November, which went smoothly. 2. Currently, the market prices of major raw materials have slightly increased compared to the third quarter. 3. Serbia does not enjoy the most-favored-nation treatment from the USA, and it enjoys a ten-year tax exemption policy. 4. Since the production of the Shandong Linglong Tyre Serbia factory began, it has passed audits from more than ten well-known OEMs including Volkswagen, MAN, Nissan, Ford, Audi Logistics, Hyundai, and BMW, and is currently closely cooperating with Audi, BMW, Ford, Volkswagen, and others with multiple models.
Shandong Linglong Tyre (601966.SH): has provided spare tires for BMW 2 Series and Audi A3.
Gelonghui, November 20th, Shandong Linglong Tyre (601966.SH) stated on the investor interaction platform that the company has provided spare tires for BMW 2 Series and Audi A3.
Sinolink: The trend of rising in the east and falling in the west still exists, and domestic tire companies are beginning to differentiate.
Domestically, there is a clear differentiation in the production of semi-steel and an steel tires. The monthly production rate of semi-steel tires in China has been maintained at nearly 80% since March, while the monthly production rate of an steel tires has fluctuated below 60% from May to October.
shandong linglong tyre: gross profit improvement with product structure adjustment, North America revenue accounts for approximately 18% | Focus on earnings conference
① Product structure improvement, combined with the profitability achieved by the second overseas base, shandong linglong tyre achieved growth in revenue and gross profit in the first three quarters of this year; ② Chairman and CEO Wang Feng said that in the first three quarters of 2024, North America's revenue accounted for about 18% of the total revenue, and the company will actively explore overseas markets in the future and accelerate the selection of sites for the third overseas base.
Shandong Linglong Tyre (601966.SH): The company has already conducted business exchanges with Tesla.
Gelonghui November 8th | Shandong Linglong Tyre (601966.SH) stated on the investor interaction platform that the company has already had business exchanges with Tesla, and various work is steadily advancing, but no matching yet.
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