Accepted by CSI300&MSCI, Linglong Tire into the Global Capital Market
Author : Date : 26.06/2017 Print Font size:T|T

    On June 21st, the highly anticipated A-share breakout MSCI index results were announced and A shares finally joined the MSCI emerging market benchmark index. 222 Chinese A-share stocks were formally incorporated into the MSCI, including LingLong Tire (stock code: 601966).

    Linglong tires is a leading company in Chinese market, the company was incorporated into the MSCI in less than a year after listed , which will have a positive impact on the company's share price.

    In 2016, Linglong’s sales was up to 42 million units, having been among the world's top 20 tire companies for many years. Linglong participated in drafting and amending more than 60 national and industrial standards and obtained over 300 domestic and international patents, with over 20 new technologies and products filling in domestic gaps. It has national enterprise technological center and national recognized testing laboratory, and sets up the first noise laboratory and rolling resistance laboratory of tire industry. In 2016, Linglong Tire was awarded the National Second Prize of Invention, which is the first such prize in domestic tire industry. Until now, Linglong Tire’s brand value has been the forefront of domestic tire enterprises many times. 

    With excellent product quality, excellent after-sales service and global integration of the marketing network, Linglong has been providing OE service for over 60 domestic and foreign OEMs such as FAW, Sinotruk, ShaanXi Automobile Group, Foton, Dongfeng Automobile, BYD, Chery Automobile, SGMW, Geely Automobile, Dongfeng Nissan, Changan Automobile, Xiamen Golden Dragon, Tata, etc., and pass the supplier audit of world-class automobile manufacturers such as VW, GM, Ford, etc. 

    The company is speeding up the process of international development, actively implement the "3 +3" strategy to accelerate the process of globalization, that is to build three production bases at home and abroad. The company has invested in the construction of Shandong Zhaoyuan, Shandong Dezhou and Guangxi Liuzhou. In 2012, Linglong built the first overseas production base in Chonburi, Thailand. In the future, the company plans to build its second overseas base in Europe and America. The globalized layout of the company's manufacturing base enhances the flexibility and mobility of the company's digestion order, improves the company's ability to avoid global trade barriers and the ability to resist the risk of natural rubber price fluctuation. At present, the company's products are selling well in more than 180 countries and regions, with more than 20,000 sales networks.

      At present, the ratio of Linglong Tire’s restricted stock is up to 83.3 percent of total equity in the capital market, mainly for the IPO Initial restricted share. Recently, the CSRC revised and issued a document about listed company shareholders and the directors of the board of directors shall reduce the number of shares, which is going to release the pressures on the market after the desterilization of Linglong Tire’s restricted stock.