On December 25, Gelonghui reported that Debon Securities' Research Reports indicate that Shandong Linglong Tyre (601966.SH) has seen stable growth in tire production and sales in the third quarter, using price increases to offset cost pressures. The receipt of anti-dumping tax refunds has led to a substantial increase in profits. From November 1, 2024, prices for all TBR product series in the domestic retail market will be raised by 2%-3%, and prices for certain PCR product series will also be raised by 2%-3%. At the same time, the company will manage the procurement pace and take measures such as stocking in advance to reduce the impact of raw material price fluctuations, expected to mitigate cost pressures and improve profit performance in the fourth quarter. Recently, the company’s factory in Serbia has entered a phase of continuous capacity ramp-up, with both output and order volumes showing an upward trend, achieving profitability in the third quarter. As capacity continues to be released, profitability is expected to remain positive. The company also plans to invest $0.645 billion to expand the Serbia project, constructing 1.1 million sets of various high-performance radial tires, including 800,000 all-steel radial tires, 50,000 engineering radial tires, 150,000 agricultural radial tires, 100,000 retreaded tires, and 6,000 tons of liquid regenerated rubber. The project is expected to be operational by the end of 2030 and is anticipated to further enhance the company’s long-term Global comprehensive competitiveness and brand influence. The company's 'Buy' rating is maintained.