Debon Securities' research report indicates that Shandong Linglong Tyre (601966.SH) experienced stable growth in tire production and sales in the third quarter, using price increases to counter cost pressures. The arrival of anti-dumping rebate payments has led to a significant increase in profits. Starting from November 1, 2024, prices for all TBR product series in the domestic retail market will be raised by 2%-3%, while prices for some PCR product series will also increase by 2%-3%. At the same time, the company will manage purchasing rhythm and reduce the impact of raw material price fluctuations through measures such as early stockpiling, which is expected to help counter cost pressures in the fourth quarter and improve profit performance. Recently, the company's Serbia factory has entered a phase of continuous capacity ramp-up, with both production and sales volumes and order quantities showing upward trends, and profitability achieved in the third quarter. As capacity continues to be released, profitability is expected to improve. Additionally, the company plans to invest $0.645 billion to expand the Serbia project, aiming to produce 1.1 million sets of various high-performance radial tires, including 0.8 million all-steel radial tires, 0.05 million engineering radial tires, 0.15 million agricultural radial tires, 0.1 million retreaded tires, and another 0.006 million tons of liquid regenerated rubber. The project is expected to be operational by the end of 2030, further enhancing the company's long-term global competitiveness and brand influence. The company maintains a "Buy" rating.