Linglong Tire (601966.SH) pre-reduced, and net profit to mother is expected to decrease 94.09% to 94.69% year-on-year in the first three quarters

According to Zhitong Finance App News, Linglong Tire (601966.SH) announced that the company expects to achieve a cumulative net profit of 62 million yuan to 69 million yuan in the first three quarters of 2026. Compared with the same period of the previous year (statutory disclosure data), it will decrease 1,098 billion yuan to 1,105 billion yuan, a year-on-year decrease of 94.09% to 94.69%.

Exchange rate fluctuations during the reporting period caused exchange losses, which had a negative impact on current net profit. Exchange losses of about 437 million yuan occurred in the first three quarters of 2026, and exchange earnings of 622 million yuan for the same period in 2025, affecting total profit of about 1,059 million yuan year-on-year. Prices of major raw materials such as natural rubber, synthetic rubber, carbon black, etc. rose during the reporting period, increasing product production costs. Price adjustments failed to cover the increase in raw materials and reduced profit margins.