玲珑轮胎:Half-Year Assessment Report on the 2025 Annual Corporate Value and Return Enhancement Action Plan

Shandong Linglong Tyre Co., Ltd.
Half-YearAssessment Report on the 2025Annual Corporate
Value and Return EnhancementAction Plan
In order to further implement the spirit of the 20th National Congress
of the Communist Party of China and the Central Financial Work
Conference, conscientiously implement the State Council's "Opinions on
Further Improving the Quality of Listed Companies", actively respond to
the Shanghai Stock Exchange's Initiative on Launching the Corporate
Value and Return Enhancement Action Plan for Shanghai-listed
Companies, practice the development concept of "investor-centricity", and
further improve the investment quality and value of the company, the
company formulated and released the "2025 Annual Corporate Value and
Return Enhancement Action Plan" in April 2025, and actively promoted
the implementation of relevant work based on the plan. The "Half Year
Assessment Report of Shandong Linglong Tire Co., Ltd. on the 2025
Annual Corporate Value and Return Enhancement Action Plan " is now
preparedtoreportonthecompany'simplementationinthefirsthalfof2025.I. Improve business quality
In the first half of 2025, the external environment will become more
complex and severe, geopolitical tensions will intensify, global economic
growth momentum will weaken, and uncertainties such as changes in trade
and monetary policies will increase. In the complex and ever-changing
international situation, the company adheres to focusing on its main
business, actively promotes global layout according to established
strategies, accelerates product innovation and upgrading, actively builds
the core competitiveness of the enterprise, and continuously improves
product profitability through continuous adjustment and optimization of
sales structure, achieving good results. From January to June 2025, the
company achieved a cumulative sales volume of 44.3863 million units, a
year-on-year increase of 11.23%; Operating revenue was RMB 11.812
billion, a year-on-year increase of 13.8%; The net profit attributable to the
parent company was RMB 854 million, a year-on-year decrease of 7.66%.
In addition, the company was ranked on the 7th China Excellent
Management Company (BMC) list with outstanding comprehensive
management capabilities and was awarded the title of "China Excellent
Management Company". This award marks Linglong's comprehensive
strength in strategic layout, operational management, innovation capability,
and sustainable development, which has gained international authoritative
recognition. The company will continue to deepen its global strategy and
digital transformation, practice ESG concepts, drive high-quality
development with new quality productivity, and move towards the goal of
becoming a world-class tire enterprise.
II. Accelerate the development of new quality productive forces

i. Upgrade the cooperation mode and continuously improve the
product matrix
The company has always used joint technology research as its driving
force, working with major automakers to build a closed-loop innovation
system of “demand definition, technology development, and scenario
verification.” Through deep collaboration with automotive companies in
production and quality improvement, the company keenly captures market
demand and customer feedback, providing partners with innovative,
leading, high-performance, and responsive products and solutions. With
successful cooperation experience in vehicle matching development, NVH
performance optimization and other fields, the company will once again
establish a "High Performance Tire Joint Innovation Laboratory" with
Geely Automobile Research Institute in 2025, locking in cutting-edge
tracks such as low-temperature low rolling resistance and intelligent tires,
achieving a leap from "product supply" to "technology symbiosis".
As the culmination of Linglong Technology's strength, the new
Linglong Master series has won high market recognition since its launch
in 2024 with its three flagship products: Zhikong, Zhijing, and Zhixiang.
In the first half of 2025, the company will launch two new products, the
New Linglong Master Zhitu Off road R/T Tire and Zhikong Explosion
proof Ultra High Performance Tire, through continuous technological
innovation and product high-end practice.The product series has now built
a complete high-end product matrix covering urban SUVs, luxury sedans,
hardcore off-road and explosion-proof tires, and the path of brand
advancement is clear and solid. During the reporting period, the sales
market of the Master series continued to grow rapidly, with a significant
year-on-year increase in terminal sales across the entire series. Among
them, the growth momentum of products over 18 inches was particularly
strong.
ii. Global layout in Brazil, intelligent manufacturing accelerates
overseas expansion
With the goal of "full field intelligence, full