Linglong warns of sharp drop in net profit


Shandong Linglong Tyre Co., Ltd. has informed its shareholders that it expects a significant decline in year-on-year net profit during the first three quarters of 2026. The tyre maker forecasts a decrease of 94.09 to 94.69 per cent, citing foreign exchange losses, higher raw material and shipping costs, pressure on overseas selling prices and weaker domestic original equipment demand.