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Major Chinese tire maker with global manufacturing plants, selling under the Linglong brand across passenger, truck and off-road tires.
Major Chinese tire maker with global manufacturing plants, selling under the Linglong brand across passenger, truck and off-road tires.
Earns from two channels: factory-fitted tyres sold to carmakers after model-by-model approval, and replacement tyres sold through distributors, the higher-priced of the two. Natural and synthetic rubber are major costs, so selling prices follow them. Family-controlled under its founder.
In one line: A Chinese Goodyear/Hankook challenger.
Moat: narrow (scale, brand, distribution). Overseas plants (Thailand, Serbia) sidestep tariffs and give Linglong global OE and export reach.
Headquarters: Zhaoyuan, Shandong, China · Founded: 1975 · Employees: 17,388
Size Shandong Linglong Tyre (601966.SS) is a China Consumer Discretionary company (Automotive Aftermarket) with a market value of $2.32B, the 1096th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.70 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against -3.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +4.1%); the operating margin is 3.0% (peer median 8.2%).
Valuation It trades at 50.3× forward earnings against a peer median of 16.6× (most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points below its cost of capital (6.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥26.1B | CN¥24.6B | CN¥21.9B | CN¥20.0B | CN¥16.9B |
| Revenue growth | — | +12% | +9% | +18% | — |
| Gross profit | CN¥5.29B | CN¥3.83B | CN¥4.46B | CN¥3.75B | CN¥2.05B |
| EBITDA | n/a | CN¥2.92B | CN¥3.75B | CN¥2.87B | CN¥1.36B |
| Net income | CN¥266M | CN¥1.37B | CN¥1.75B | CN¥1.39B | CN¥292M |
| Free cash flow | CN¥1.42B | CN¥282M | -CN¥490M | -CN¥1.91B | -CN¥3.36B |
| Capital expenditure | CN¥1.16B | CN¥1.77B | CN¥2.44B | CN¥3.12B | CN¥3.52B |
| Total debt | CN¥15.1B | CN¥15.3B | CN¥16.4B | CN¥14.3B | CN¥11.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shandong Linglong Tyre 601966.SS | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | $2.70B | -19% | +14% | 8% | 9.7× | n/a |
| Triangle Tyre 601163.SS | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% |
| Hankook & 000240.KS | $1.71B | -2% | +13% | 28% | n/a | -12.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601966.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.2% | -0.1% | 8th highest of 21 |
| 6-month return | -19.1% | -3.1% | 7th lowest of 21 |
| Distance from 52-week high | -32.6% | -29.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +7.7% | +4.1% | 8th highest of 21 |
| Operating margin | 3.0% | 8.2% | 3rd lowest of 21 |
| Forward P/E | 50.3× | 16.6× | most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | 0.9% | 7th least demanding of 15 |
| Growth delivered (Del g) | +6.0% | +9.3% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | -6.4 pp | -8.8 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | -1.1 pp | +0.2 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% | +6.0% |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 27.4× | 19.4% | +0.9% |
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% | +12.8% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 9.7× | n/a | n/a |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 25.6× | 1.8% | +13.7% |
| Toyo Tire 5105.T | Japan | $3.17B | +6% | +4% | 15% | 8.2× | -7.3% | +11.6% |
| Sumitomo Rubber Industries 5110.T | Japan | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% | +8.8% |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 31.0× | 24.9% | +15.5% |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | n/a | -2.9% | +1.0% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% | +2.9% |
| Dorman Products DORM | United States | $4.03B | +10% | +2% | 16% | 15.8× | 4.3% | +14.3% |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | n/a | 5.9% | +8.2% |
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 23.3× | n/a | n/a |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 4.2× | n/a | n/a |
| JK Tyre & Industries JKTYRE.NS | India | $1.10B | -12% | +13% | 7% | 20.6× | n/a | n/a |
| Balkrishna Industries BALKRISIND.NS | India | $4.93B | +7% | +20% | 15% | 30.5× | n/a | n/a |
| LKQ LKQ | United States | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% | +3.3% |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 16.5× | n/a | n/a |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 9.3× | -8.5% | +9.7% |