On April 27, Linglong Tire (601966) disclosed its 2025 annual report.
During the reporting period, the company’s annual R&D investment reached 978 million yuan, a year-on-year increase of 6.26%, accounting for 3.97% of operating income.
In the past five years, the company’s R&D investment has grown at a compound growth rate of 0.93%.
Behind the change in R&D investment, the company had a total of 2,177 R&D personnel in the current period, a year-on-year decrease of 2.81% from 2,240 in the previous period. R&D personnel accounted for 12.50% of the total number of people, compared with 12.60% in the previous period.
Although the number of R&D personnel has been reduced, this does not affect Linglong Tire’s active advancement in the field of R&D.
The financial report shows that in 2025, the company will build a global R&D network covering “three countries and eight regions” and continue to deepen its efforts in basic R&D fields such as material science, formula technology, and structural design.
The company focuses on the core needs of “quiet, comfortable and green” to create a high-end product line and is committed to providing consumers with better quality tire products.
At the same time, breakthrough progress has been made in key innovation projects such as dandelion rubber, bio-based itaconate tires, 79% sustainable material tires, air-free tire technology, and tire recycling and environmental protection technology.
The first independently developed 59/80R63 Linglong brand giant all-steel engineering radial tire successfully rolled off the production line. This achievement makes Linglong Tire one of the few companies in the world that can produce 63-inch all-steel giant tires.
During the reporting period, the company won two awards at the 10th Lingxuan Award. Many products and technologies received excellent ratings in international authoritative evaluations, and its core performance indicators have the strength to compete with international first-tier brands.
This fully demonstrates Linglong Tire’s outstanding performance in technology research and development and product quality.
The annual report information shows that the company is an auto parts company integrating tire research and development, production and sales. Its business covers the global mainstream market. Its products cover passenger car tires, truck and bus tires, off-highway tires and other categories. It also deploys new energy vehicle supporting, tire recycling, car maintenance services and other related fields. It is firmly ranked in the first echelon of Chinese tire supporting and global new energy vehicle supporting.
In 2025, the company will achieve total operating income of 24.642 billion yuan, a year-on-year increase of 11.72%; net profit attributable to the parent company is 1.369 billion yuan, a year-on-year decrease of 21.88%; deducting non-net profit is 1.197 billion yuan, a year-on-year decrease of 14.75%; it plans to distribute cash of 0.42 yuan (including tax) to all shareholders for every 10 shares.
Although net profit has declined, the growth in operating income shows that the company has achieved certain results in market expansion.
In the future, Linglong Tire is expected to continue to remain competitive in the global tire market with its strong R&D capabilities and diversified business layout.
