News

The Market Value of Linglong Breaks 50 Billion CNY
Author : Date : 20.07/2016 Print Font size:T|T

By July 19, 2016, just 10 days after going public, the total market capitalization of Linglong Tire has reached 50.508 billion CNY, ranking No.1 in 33 A share listed companies in Yantai;   ranking No.3 in 165 A share listed companies in Shandong, second only to Shandong Gold Cooperation Company and Qingdao Haier, and Linglong ranks No.128 in Chinese listed companies.

On July 6, 2016, Linglog Tire (stock code: 601966) was officially listed in Shanghai Stock Exchange, becoming the new share with most fund-raising in the first half of 2016, which is a new milestone in the history of the development of Linglong Tire.

After listing, Linglong will further improve the company’s management, attract more talents, and enhance R&D by the A share capital market platform, which can improve the company's performance and market value to make it become a professional company responsible for the capital market.

Linglong Tire went up by 44% and reached the limited amount of increase on the first day, which was a good start for Linglong Tire. Just 10 days after going public, the total market capitalization of Linglong Tire has reached 50.508 billion CNY, which demonstrates investors’ identification and trust to Lingling Tire, the most promising A share company in 2016 capital market.

Linglong Tire really appreciates the development opportunity into capital market and will continue to improve company performance and market value to win more investors' trust.