格隆汇8月25日丨赛轮轮胎(601058.SH)公布2025年半年度报告，报告期实现营业收入175.87亿元，同比增长16.05%；归属于上市公司股东的净利润18.31亿元，同比下降14.90%；归属于 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-063 赛轮集团股份有限公司 2025 年第二季度主要经营数据公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号—行业信息披露》之《上 市公司行业信息披露指引第十三号—化工》要求，现将赛轮集团股份有限公司（以 下简称"公司"）2025 年第二季度主要经营数据公告如下： 一、主要产品的产量、销量及收入实现情况 2025 年第二季度，公司实现营业收入 917,521.31 万元，其中轮胎产品收入 908,452.74 万元（包括自产自销轮胎实现的收入及轮胎贸易收入）。 1、自产自销轮胎 | 主要产品 | 产量（万条） | 销量（万条） | 收入（万元） | | --- | --- | --- | --- | | 轮胎 | 2,071.72 | 1,977.10 | 881,462.97 | 2025 年第二季度，自产自销轮胎销量同比增长 10.07%，实现收入同比增长 16.51%。 2、轮胎贸易 除自产自销轮 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-062 赛轮集团股份有限公司 关于 2023 年员工持股计划第二个锁定期届满 暨解锁条件成就的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2025 年 8 月 22 日，赛轮集团股份有限公司（以下简称"公司"）召开第六 届董事会第二十八次会议，审议通过了《关于 2023 年员工持股计划第二个锁定 期届满暨解锁条件成就的议案》，具体情况如下： 一、2023 年员工持股计划实施进展 1、2023 年 7 月 17 日和 2023 年 8 月 4 日，公司召开了第六届董事会第六次 会议和 2023 年第一次临时股东大会，审议通过了《关于公司<2023 年员工持股 计划(草案)>及其摘要的议案》等相关议案，同意公司实施 2023 年员工持股计划。 具体内容详见公司于 2023 年 7 月 18 日、2023 年 8 月 5 日在指定信息披露媒体 披露的临 2023-068、2023-074 号公告。 2、2023 年 8 月 18 日，公司收到中国证券登记结 ...

赛轮新和平（沈阳）轮胎有限公司 年产 330 万条全钢子午线轮胎及 2 万吨非公 路轮胎项目 可行性研究报告 2025 年 8 月 1 | 1.1 概述 . | | --- | | 1.1.1 项目名称、单位名称、项目性质及建设地址 1 | | 1.1.2 企业概况 | | 1. 1. 3 编制依据和原则 . | | 1.1.4 项目提出背景、投资的必要性和经济意义 | | 1.1.5. 项目投资及建设规模 . | | 1.2 研究结论 . | | 1.2.1 综合评价 | | 1.2.2 研究结论 . | | 2 市场预测 | | 2.1 国际市场预测 | | 2.1.1 世界汽车生产情况 11 | | 2.1.2 世界轮胎工业的发展趋势 | | 2.2 本项目的目标市场 . | | 3.1 产品方案与生产规模 | | 3.1.1 产品方案及生产规模的确定 . | | 3.1.2 产品质量指标 15 | | 3.2 原材料路线及需用量 | | 3.2.1 原材料路线 | | 3.2.2 原材料需用量 | | 3.3 工艺技术方案的选择 | | 3.3.1 国内、外工艺技术概况 . | | 3.4 生产过程运 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-060 赛轮集团股份有限公司 关于投资建设"赛轮新和平年产 330 万条全钢子午线 轮胎及 2 万吨非公路轮胎项目" 暨全资子公司增资的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资项目名称：赛轮新和平年产 330 万条全钢子午线轮胎及 2 万吨非公 路轮胎项目。 投资金额：170,093 万元，其中：建设投资 126,400 万元、流动资金 43,295 万元、建设期利息 398 万元。 增资标的名称及金额：赛轮沈阳拟对赛轮新和平增资不超过 52,000 万 元。 特别风险提示： 1、未来国内外市场、融资环境与政策及经济形势存在发生变化的可能，项 目的投资计划可能根据未来实际情况调整，存在不能达到原计划及预测目标的风 险。 2、本投资项目经公司董事会审议通过后,尚需获得国家相关主管部门的审批 或备案，项目规模和建设进度存在一定不确定性。 一、对外投资概述 1、对外投资基本情况 2025 年 7 月，赛轮集团股份有限公司（以下简称" ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-064 赛轮集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 赛轮集团股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经 营成果、财务状况，公司计划于 2025 年 9 月 1 日（星期一）16:00-17:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 9 月 1 日（星期一）16:00-17:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者 ...

表决结果：同意 3 票，反对 0 票，弃权 0 票，表决通过。 2、《2025 年半年度报告及半年度报告摘要》 与会监事发表意见如下：经审核，我们认为公司编制和审议《2025 年半年 度报告及半年度报告摘要》的程序符合中国证券监督管理委员会、上海证券交易 所相关法律法规的要求，报告内容真实、准确、完整地反映了公司的实际情况， 不存在任何虚假记载、误导性陈述或者重大遗漏。 证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-059 赛轮集团股份有限公司 第六届监事会第十五次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 赛轮集团股份有限公司（以下简称"公司"）第六届监事会第十五次会议于 2025 年 8 月 22 日上午在公司会议室以现场加通讯方式召开。本次会议的通知于 2025 年 8 月 12 日以电话、电子邮件等方式送达全体监事。会议应到监事 3 人， 实到监事 3 人（其中以通讯表决方式出席 1 人）。会议由监事会主席闫凯先生主 持，公司董事会秘书及证券事务代表列席了会议。会议的召集和召开符 ...

[Important Notice](index=2&type=section&id=Important%20Notice) This section provides crucial information regarding the profit distribution plan, audit status, and risk disclosures, emphasizing forward-looking statements are not commitments [Profit Distribution Plan](index=2&type=section&id=Profit%20Distribution%20Plan) The board of directors approved a profit distribution plan to pay a cash dividend of 0.15 yuan (tax inclusive) per share to all shareholders, with no bonus shares or capital reserve conversions - A cash dividend of **0.15 yuan (tax inclusive) per share** is proposed to all shareholders based on the total share capital registered on the equity distribution record date[7](index=7&type=chunk) - No bonus shares will be issued, nor will capital reserves be converted into share capital[7](index=7&type=chunk) [Audit Status and Risk Statement](index=2&type=section&id=Audit%20Status%20and%20Risk%20Statement) This semi-annual report is unaudited, and the company advises investors that forward-looking statements are not commitments, with no material risks identified during the reporting period - This semi-annual report is **unaudited**[6](index=6&type=chunk) - Forward-looking statements regarding future plans and development strategies in this report do not constitute substantial commitments to investors, who are advised to note investment risks[8](index=8&type=chunk) - No particularly significant risks materially affecting the company's production and operations were identified during the reporting period[9](index=9&type=chunk) [Section I Definitions](index=4&type=section&id=Section%20I%20Definitions) This section defines common terms used throughout the report, ensuring clarity and accurate understanding of the content [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This section defines common terms used in the report, including company abbreviations, subsidiary names, designated information disclosure media, and the reporting period - The terms 'the Company,' 'Company,' 'Sailun Shares,' 'Sailun Tire,' and 'Sailun Group' all refer to **Sailun Group Co., Ltd.**[18](index=18&type=chunk) - The reporting period refers to **January 1, 2025, to June 30, 2025**[18](index=18&type=chunk) [Section II Company Profile and Key Financial Indicators](index=4&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, contact details, stock profile, and key financial data and indicators for the reporting period [I. Company Information](index=4&type=section&id=I.%20Company%20Information) This section provides the company's basic registration information, including its Chinese name, abbreviation, foreign name, and legal representative - The company's Chinese name is Sailun Group Co., Ltd., and its Chinese abbreviation is **Sailun Tire**[15](index=15&type=chunk) - The company's legal representative is **Liu Yanhua**[15](index=15&type=chunk) [II. Contact Persons and Information](index=4&type=section&id=II.%20Contact%20Persons%20and%20Information) This section lists the names, addresses, phone numbers, faxes, and email addresses of the company's Board Secretary and Securities Affairs Representative - The Board Secretary is **Li Jiqing**, and the Securities Affairs Representative is **Li Hao**[16](index=16&type=chunk) - The contact address for both is **Rubber and Plastic New Material Building, No. 43 Zhengzhou Road, Qingdao**[16](index=16&type=chunk) [III. Brief Introduction to Changes in Basic Information](index=4&type=section&id=III.%20Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section outlines the historical changes in the company's registered address, currently located at No. 588 Maoshan Road, Huangdao District, Qingdao, Shandong Province, with its office at No. 43 Zhengzhou Road, Qingdao - The company's registered address is **No. 588 Maoshan Road, Huangdao District, Qingdao, Shandong Province**[17](index=17&type=chunk) - The company's office address is **Rubber and Plastic New Material Building, No. 43 Zhengzhou Road, Qingdao**[17](index=17&type=chunk) [IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=5&type=section&id=IV.%20Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Storage%20Locations) This section specifies the newspapers designated for information disclosure, the website for semi-annual reports, and the location where the company's semi-annual reports are kept - The newspapers selected by the company for information disclosure include **China Securities Journal, Shanghai Securities News, Securities Times, and Securities Daily**[19](index=19&type=chunk) - The website address for publishing semi-annual reports is **www.sse.com.cn**[19](index=19&type=chunk) [V. Company Stock Profile](index=5&type=section&id=V.%20Company%20Stock%20Profile) This section provides information on the company's listed stock, including its type, exchange, stock abbreviation, code, and previous abbreviation - The stock type is **A-shares**, listed on the **Shanghai Stock Exchange**[20](index=20&type=chunk) - The stock abbreviation is **Sailun Tire**, stock code is **601058**, and the previous abbreviation was Sailun Jinyu[20](index=20&type=chunk) [VI. Other Relevant Information](index=5&type=section&id=VI.%20Other%20Relevant%20Information) This section discloses information about the accounting firm engaged by the company, including its name, office address, and the names of the signing accountants - The name of the accounting firm (domestic) engaged by the company is **Zhongxinghua Certified Public Accountants (Special General Partnership)**[21](index=21&type=chunk) - The signing accountants are **Li Jiangshan and Ji Wanli**[21](index=21&type=chunk) [VII. Key Accounting Data and Financial Indicators](index=5&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section presents the company's key accounting data and financial indicators for the reporting period (January-June 2025), comparing them to the previous year, showing revenue growth but a decline in total profit and net profit attributable to shareholders, while net cash flow from operating activities significantly increased Key Accounting Data (Unit: Yuan, Currency: RMB) | Key Accounting Data | Current Reporting Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 17,586,679,696.39 | 15,153,937,900.66 | 16.05 | | Total Profit | 2,148,206,914.18 | 2,448,465,263.96 | -12.26 | | Net Profit Attributable to Shareholders of Listed Company | 1,830,902,423.55 | 2,151,400,839.07 | -14.90 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 1,825,088,838.76 | 2,052,035,277.81 | -11.06 | | Net Cash Flow from Operating Activities | 883,547,546.32 | 316,569,368.01 | 179.10 | | Net Assets Attributable to Shareholders of Listed Company (End of Current Period) | 20,546,092,793.13 | 19,509,382,491.44（上年度末） | 5.31 | | Total Assets (End of Current Period) | 45,208,137,085.05 | 40,284,983,406.79（上年度末） | 12.22 | Key Financial Indicators | Key Financial Indicators | Current Reporting Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/Share) | 0.56 | 0.66 | -15.15 | | Diluted Earnings Per Share (Yuan/Share) | 0.56 | 0.65 | -13.85 | | Basic Earnings Per Share (Excluding Non-recurring Gains and Losses) (Yuan/Share) | 0.56 | 0.63 | -11.11 | | Weighted Average Return on Net Assets (%) | 8.97 | 12.79 | 减少3.82个百分点 | | Weighted Average Return on Net Assets (Excluding Non-recurring Gains and Losses) (%) | 8.95 | 12.20 | 减少3.25个百分点 | - The change in net cash flow from operating activities was primarily due to an increase in cash received from sales of goods in the current period[74](index=74&type=chunk) [IX. Non-recurring Gains and Losses and Amounts](index=6&type=section&id=IX.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) This section details the non-recurring gains and losses for the reporting period, totaling 5,813,584.79 yuan, primarily including disposal gains/losses on non-current assets, government subsidies, and fair value changes of financial assets and liabilities Non-recurring Gains and Losses and Amounts (Unit: Yuan, Currency: RMB) | Non-recurring Gains and Losses Item | Amount | | :--- | :--- | | Gains or losses from disposal of non-current assets, including the write-back of impairment provisions for assets | 14,913,852.67 | | Government subsidies recognized in current profit or loss, excluding those closely related to the company's normal business operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss | 13,266,053.12 | | Gains or losses from changes in fair value of financial assets and financial liabilities, and investment gains or losses from disposal of financial assets and financial liabilities, excluding effective hedging activities related to the company's normal business operations | -24,440,484.74 | | Capital occupation fees received from non-financial enterprises recognized in current profit or loss | 210,058.96 | | Reversal of impairment provisions for receivables for which impairment tests are performed individually | 251,165.94 | | Gains or losses from debt restructuring | -944,304.87 | | Other non-operating income and expenses apart from the above items | 1,592,981.17 | | Other profit or loss items that meet the definition of non-recurring gains and losses | 18,750.00 | | Less: Income tax impact | -1,033,566.75 | | Minority interest impact (after tax) | 88,054.21 | | Total | 5,813,584.79 | [Section III Management Discussion and Analysis](index=6&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive discussion and analysis of the company's industry, main business, operational performance, core competitiveness, and risk factors during the reporting period [I. Description of the Company's Industry and Main Business During the Reporting Period](index=6&type=section&id=I.%20Description%20of%20the%20Company%27s%20Industry%20and%20Main%20Business%20During%20the%20Reporting%20Period) This section details the company's main business, operating model, industry position, and the global and domestic tire industry's development, highlighting its commitment to green tire products and its leading market position - The company is committed to providing **higher quality and greener tire products and services** to global tire users with the mission of 'making a good tire'[29](index=29&type=chunk) - The company's products include **all-steel radial tires, semi-steel radial tires, and off-the-road tires**, with brands such as 'Sailun' and 'RoadX,' covering over **180 countries and regions** globally[29](index=29&type=chunk) - The company ranked **tenth in the 2025 global tire industry top 20 list** and **second in the China tire enterprise ranking**[36](index=36&type=chunk) - In the first half of 2025, global sales of semi-steel and all-steel tires totaled **918 million units**, showing a slight increase year-on-year[39](index=39&type=chunk) - From January to June 2025, China's automobile production and sales reached **15.621 million and 15.653 million units**, respectively, increasing by **12.5% and 11.4% year-on-year**[41](index=41&type=chunk) - In the first half of 2025, tire raw material prices showed a trend of **high-level decline**, but their overall level remained higher than the same period last year[44](index=44&type=chunk) [1. Company's Main Business Overview](index=6&type=section&id=1.%20Company%27s%20Main%20Business%20Overview) The company is dedicated to providing superior and greener tire products and services globally, integrating new materials, technologies, and management, with product lines covering all-steel, semi-steel, and off-the-road tires, alongside tire recycling and trade - The company's products include **all-steel radial tires, semi-steel radial tires, and off-the-road tires**, widely used in large buses, trucks, passenger cars, light-duty vehicles, construction machinery, and special vehicles[29](index=29&type=chunk) - The company owns multiple tire brands such as **'Sailun,' 'RoadX,' and 'Blackhawk,'** with products covering over **180 countries and regions** worldwide[29](index=29&type=chunk) - The company has been engaged in tire recycling product R&D, manufacturing, and sales since **2009**, serving as China's first demonstration base for tire resource recycling; it began tire trade business in **2014**[30](index=30&type=chunk) [2. Company's Main Operating Model](index=7&type=section&id=2.%20Company%27s%20Main%20Operating%20Model) The company operates an efficient "customer-centric, market-oriented, agile delivery" production model, ensuring raw material supply through strict supplier evaluation, primarily using a dealership sales model supplemented by direct sales, and actively exploring new manufacturer-dealer integration - Procurement Model: Procurement strategies are formulated based on various raw material market conditions and factory demand plans, with main raw materials including **natural rubber, synthetic rubber, carbon black, and steel cord**, establishing long-term stable strategic partnerships with multiple high-quality domestic and international suppliers[31](index=31&type=chunk) - Production Model: Implementing a global development strategy, leveraging intelligent and digital technologies to promote efficient collaboration across global production bases, forming a flexible production system for **batch and multi-variety simultaneous production**[32](index=32&type=chunk) - Sales Model: Primarily adopting a **dealership model**, with some direct sales to vehicle manufacturers and fleets; the domestic replacement market network covers **34 provincial-level administrative regions**, and the international market mainly uses a dealer agency model[32](index=32&type=chunk)[33](index=33&type=chunk) - Recycling Business Model: Possessing the capability to produce and sell **tire retreading materials and retreaded tires**, and selling waste tires that do not meet retreading standards after decomposition into rubber powder, steel wire, etc[34](index=34&type=chunk) [3. Industry Position](index=8&type=section&id=3.%20Industry%20Position) Sailun Tire is China's first A-share listed private tire enterprise, ranking tenth globally and second in China, leading the industry in overseas expansion, product portfolio, digitalization, brand value, and sustainable development practices - According to UK's *Tyrepress* and US's *Tire Business* magazines, the company ranks **tenth in the global tire industry**[36](index=36&type=chunk) - According to *China Rubber* magazine, the company ranks **second in the China tire enterprise ranking**[36](index=36&type=chunk) - Leading Global Layout: China's first enterprise to establish factories overseas and the earliest to have large-scale tire production bases in two foreign countries, with the **largest planned overseas production capacity**[36](index=36&type=chunk) - Leading Product Portfolio: Established an independent intellectual property R&D system for semi-steel, all-steel, and off-the-road tires, mastering core technology for giant engineering radial tires, ranking **first in the '2024 China Engineering Tire Enterprises Top 10'**[37](index=37&type=chunk) - Leading Digital Construction: The industry's first **'National Intelligent Manufacturing Pilot Demonstration Enterprise'** and **'National Industrial Internet Pilot Demonstration Enterprise,'** building the world's first rubber industrial internet platform 'Rubber Chain Cloud'[37](index=37&type=chunk) - Leading Brand Value: According to Brand Finance, the company ranks **tenth in the '2025 World's Most Valuable Tire Brands list,'** being China's most valuable tire brand[38](index=38&type=chunk) - Leading Sustainable Development Practices: MSCI ESG rating of **A**, EcoVadis silver medal, CDP rating of management B in climate change and water security, and Wind ESG rating of **AA**[38](index=38&type=chunk) [4. Industry Development Overview](index=9&type=section&id=4.%20Industry%20Development%20Overview) In the reporting period, global tire sales saw moderate growth, with foreign enterprises strategically contracting while Chinese tire companies accelerated global expansion. Domestic auto production and sales continued to rise, driven by new energy vehicles, while raw material prices, though declining, remained higher than the previous year, and international trade barriers intensified - In the first half of 2025, global sales of semi-steel and all-steel tires totaled **918 million units**, with semi-steel tires growing by **2%** and all-steel tires by **1% year-on-year**[39](index=39&type=chunk) - Chinese tire enterprises are continuously accelerating their global expansion to gain more market share and address overseas trade barriers and intensified domestic market competition[40](index=40&type=chunk) - From January to June 2025, China's automobile production and sales reached **15.621 million and 15.653 million units**, respectively, increasing by **12.5% and 11.4% year-on-year**[41](index=41&type=chunk) - In the first half of 2025, China's new energy vehicle production and sales reached **6.968 million and 6.937 million units**, respectively, increasing by **41.4% and 40.3% year-on-year**, with new energy vehicle penetration rate reaching **44.3%**[42](index=42&type=chunk) - In the first half of 2025, tire raw material prices showed a trend of **high-level decline**, but their overall level remained higher than the same period last year[44](index=44&type=chunk) - In the first half of 2025, international trade barriers showed a comprehensive escalation, including the US expanding the scope of tariff imposition and the EU initiating anti-dumping investigations into new Chinese passenger car and light truck tires[46](index=46&type=chunk) [II. Discussion and Analysis of Operations](index=10&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) In the first half of 2025, Sailun Tire achieved operating revenue of 17.587 billion yuan, a 16.05% year-on-year increase, with overseas main business revenue growing by 18.72%, driven by scientific and technological innovation, global expansion, digitalization, brand building, and sustainable development strategies - During the reporting period, the company achieved operating revenue of **17.587 billion yuan**, a year-on-year increase of **16.05%**[47](index=47&type=chunk) - Domestic main business revenue was **3.98 billion yuan**, up **9.21%** year-on-year; overseas main business revenue was **13.413 billion yuan**, up **18.72%** year-on-year[47](index=47&type=chunk) [1. Empowering with Scientific and Technological Innovation to Build a High-End Product Matrix](index=10&type=section&id=1.%20Empowering%20with%20Scientific%20and%20Technological%20Innovation%20to%20Build%20a%20High-End%20Product%20Matrix) The company integrates basic and applied research, continuously increasing R&D investment to build a full-chain innovation ecosystem, driving product upgrades towards high-end, intelligent, and green directions, with its proprietary Liquid Gold tires breaking technical bottlenecks and multiple products achieving excellent results in tests and competitions - The company continuously increases R&D investment, building a full-chain innovation ecosystem of **'basic research + technological breakthroughs + achievement transformation'**[47](index=47&type=chunk) - The company ranked **first in the '2025 Tire Enterprise Patent Ranking'**[48](index=48&type=chunk) - The company's independently developed **Liquid Gold tires** successfully broke the 'magic triangle' technical bottleneck, where it is difficult to simultaneously optimize the three performances of **'rolling resistance, wet grip performance, and wear resistance'**[48](index=48&type=chunk) [(1) All-Steel Radial Tires](index=11&type=section&id=(1)%20All-Steel%20Radial%20Tires) The company's all-steel radial tires achieved record-high sales both domestically and internationally due to their advanced technology and stable quality, successfully supplying major vehicle manufacturers and launching high-performance replacement market products - The company's all-steel radial tire products achieved **record-high domestic sales** and **record-high overseas sales** for the same period[49](index=49&type=chunk) - In the OEM market, the company has successfully supplied renowned enterprises such as **FAW Jiefang, China National Heavy Duty Truck, Yutong Bus, and BYD**[49](index=49&type=chunk) - The company's 7.00R16LT tires have a rolling resistance of **≤5**, reaching **EU Labeling Regulation C3 classification B-level**; the TOP series truck and bus tires launched in North America passed **US SmartWay certification**[49](index=49&type=chunk) [(2) Semi-Steel Radial Tires](index=11&type=section&id=(2)%20Semi-Steel%20Radial%20Tires) The company's semi-steel radial tires received widespread acclaim, with the Atrezzo ZSR2 ranking among the top ten in European tests and TERRAMAX RT excelling in rally races, successfully supplying major automakers and introducing new series for new energy vehicles and fashionable Liquid Gold tires - The company's Atrezzo ZSR2 tires ranked among the **top ten in overall scores** in Europe's *Auto Bild* summer tire test, becoming the Chinese tire brand with the best final results in *Auto Bild*'s 39-year testing history[50](index=50&type=chunk) - The company's TERRAMAX RT off-road tires were used in the China Taklimakan International Rally, helping participating teams achieve excellent results, and this tire is also the **first RT product from a Chinese tire enterprise to pass North American F1805 snowflake certification**[50](index=50&type=chunk) - In the semi-steel tire OEM market, the company has successfully supplied renowned domestic and international enterprises such as **BYD, Geely, Chery, Changan, FAW-Volkswagen, BAIC, NIO, Nanjing Iveco, and Vietnam VinFast**, with OEM quantities maintaining rapid growth[51](index=51&type=chunk) - The company launched the **'Wear Expert' series tires** specifically developed for new energy commercial vehicles, achieving an ultra-long service life of **120,000 kilometers**; also introduced new fashionable Liquid Gold tire series, offering **seven color options**, equipped with **RFID chips, ARMOR SEAL self-sealing technology, and SILENT TREAD silent technology**[53](index=53&type=chunk) [(3) Off-the-Road Tires](index=12&type=section&id=(3)%20Off-the-Road%20Tires) The company has specialized off-the-road tire production lines in Qingdao, Weifang, and Vietnam, with its Indonesia factory's first off-the-road tire recently rolled off the line, capable of mass-producing diverse products including giant engineering radial tires, and has gained recognition from global mining and machinery giants - The company currently has specialized off-the-road tire production lines in **Qingdao, Weifang, and Vietnam**, with the first off-the-road tire also rolled off the line at the **Indonesia factory**[54](index=54&type=chunk) - The company has the capability for mass production of diversified products such as **giant engineering radial tires, medium and small-sized engineering radial tires, agricultural tires, solid tires, and rubber tracks**[54](index=54&type=chunk) - In Australia, the company's giant engineering radial tire products received recognition from international mining giant **BHP Billiton**; a five-year supply agreement and global framework agreement were signed with **Rio Tinto Group**[54](index=54&type=chunk) - In the off-the-road tire OEM market, the company's products have successfully supplied renowned domestic and international enterprises such as **Caterpillar, John Deere, CNH Industrial, UK JCB, Komatsu, and Volvo**[54](index=54&type=chunk) [2. First Tires Rolled Off the Line at Overseas Indonesia and Mexico Factories, Global Supply Chain Resilience Upgraded](index=12&type=section&id=2.%20First%20Tires%20Rolled%20Off%20the%20Line%20at%20Overseas%20Indonesia%20and%20Mexico%20Factories%2C%20Global%20Supply%20Chain%20Resilience%20Upgraded) The company continues its globalization strategy, with its Indonesia and Mexico production bases achieving first tire roll-offs at industry-leading speeds, which will significantly shorten distances to end markets and enhance global supply chain responsiveness and flexibility - The company has tire production bases in **Qingdao, Dongying, Shenyang, Weifang in China, and Vietnam, Cambodia, Mexico, and Indonesia overseas**, with new production bases in Egypt and Shenyang Xinheping planned for recent construction initiation[55](index=55&type=chunk) - In May 2025, the company's **Indonesia and Mexico production bases successively achieved their first tire roll-offs**, with the Indonesia base taking only **9 months** from groundbreaking to first tire, and the Mexico base just over **1 year**, both construction speeds being among the industry leaders[57](index=57&type=chunk) - The company plans to invest in a project to build an annual production capacity of **3.6 million radial tires in Egypt**, which will significantly shorten the distance between the company and end markets, effectively enhancing the global supply chain's response speed and flexible adaptation capabilities[57](index=57&type=chunk) - The company became the controlling shareholder of Huadong Proving Ground through capital injection, deepening industrial synergy layout, with Huadong Proving Ground planning to build five major areas including **intelligent connected, performance testing, and durability testing**[57](index=57&type=chunk) [3. Accelerating Full-Chain Digital Transformation and Deepening Intelligent Construction](index=13&type=section&id=3.%20Accelerating%20Full-Chain%20Digital%20Transformation%20and%20Deepening%20Intelligent%20Construction) The company is accelerating digital transformation, building a user-centric marketing digital ecosystem to enhance operational efficiency and user stickiness, launching the "Rubber Chain Cloud" industrial internet platform for intelligent collaboration across the value chain, and advancing "dark factory" construction in core production links - At the B-end, the company built an integrated digital system for direct/joint venture companies, achieving business integration among some subsidiaries and connecting with some agent systems, forming a **'customer-channel-warehousing-logistics' four-in-one efficient collaborative network**[58](index=58&type=chunk) - At the C-end, the company continuously optimized the **'EP3 Liquid Gold Tire' mini-program**, launched a fashionable Liquid Gold tire section, supporting car owners in personalized matching of vehicle and tire colors; established **AI intelligent customer service**[58](index=58&type=chunk) - The company took the lead in the rubber tire industry by launching the **'Rubber Chain Cloud' industrial internet platform**, building an intelligent collaborative platform covering the entire value chain from **'R&D-manufacturing-sales'**[60](index=60&type=chunk) - The company's independently developed unified operation intelligent control center, covering three layers: group, factory, and process, achieved **full-process closed-loop management** for operation monitoring, auxiliary decision-making, scientific early warning, and emergency linkage[61](index=61&type=chunk) - The construction of **'dark factories'** in core links such as rubber mixing and vulcanization, deeply integrated with **AI technology**, comprehensively enhanced the factory's intelligence level[61](index=61&type=chunk) - At the sales end, the company's end-to-end operation management platform achieved comprehensive collaborative management of domestic and international sales orders, leveraging **AI technology** for intelligent sales forecasting to enhance market response agility[62](index=62&type=chunk) [4. Intensifying Brand Upgrading Efforts, Sustained Brand Value Growth](index=14&type=section&id=4.%20Intensifying%20Brand%20Upgrading%20Efforts%2C%20Sustained%20Brand%20Value%20Growth) The company continuously enhances brand value through thematic promotional activities, participation in high-profile events and industry exhibitions, ranking tenth in Brand Finance's "2025 World's Most Valuable Tire Brands list" and being recognized as an "AAA (National Level) Well-known Trademark Brand" - According to Brand Finance's '2025 World's Most Valuable Tire Brands list,' the company ranked **tenth**, becoming China's most valuable tire brand[63](index=63&type=chunk) - The company's brand value ranked **105th** in the 'China's 500 Most Valuable Brands' list for 2025 released by the World Brand Lab, with brand value continuously increasing for **eight consecutive years**[63](index=63&type=chunk) - The company's two major brands, **SAILUN and MAXAM**, were recognized as **'AAA (National Level) Well-known Trademark Brands,'** making the company the first tire enterprise to receive this recognition[63](index=63&type=chunk) [(1) Promotional Activities: Redefining Tires with "Technology + Fashion" to Build a High-End Domestic Tire Brand](index=14&type=section&id=(1)%20Promotional%20Activities%3A%20Redefining%20Tires%20with%20%22Technology%20%2B%20Fashion%22%20to%20Build%20a%20High-End%20Domestic%20Tire%20Brand) The company redefined tires with a "technology + fashion" concept at its Liquid Gold Tire Fashion Series new product launch, introducing seven premium color options with exclusive ink-black craftsmanship, RFID chips, and self-sealing/silent technologies, aiming to elevate the brand towards youthfulness, product differentiation, and refined user experience - The company held a new product launch for the Liquid Gold Tire Fashion Series, redefining tires with a **'technology + fashion' concept** to help build a high-end domestic brand[64](index=64&type=chunk) - Inspired by traditional Chinese color aesthetics, this series launched **seven premium color options**: desert gold, cinnabar red, sea blue, pine green, coral pink, snow white, and cloud purple[65](index=65&type=chunk) - In addition to applying Liquid Gold tire technology, all products in this series are equipped with **RFID chips, ARMOR SEAL self-sealing technology, and SILENT TREAD silent technology**[53](index=53&type=chunk)[65](index=65&type=chunk) [(2) Racing Tires: Leveraging Brand Value Amplifier](index=15&type=section&id=(2)%20Racing%20Tires%3A%20Leveraging%20Brand%20Value%20Amplifier) The company achieved breakthroughs in racing tires, collaborating with Xiaomi Auto on the PT01 track performance tire, supporting Xiaomi Auto as the fastest four-door production car, and becoming the sole designated tire supplier for the Toyota GR 86 Cup China Challenge 2025 season, demonstrating high product performance in various races - The company's PT01 track performance tire, developed in collaboration with Xiaomi Auto for the SU7 Ultra, was launched on the 'Xiaomi Youpin' store, helping Xiaomi Auto become the **fastest four-door production car** at Beijing Yiche Goldenport, Shanghai Tianma, Ningbo International Circuit, and Xiamen International Circuit[66](index=66&type=chunk) - The company's racing tires made their debut in European races, helping the **'Made in China' team achieve good results**[66](index=66&type=chunk) - The company became the **sole designated tire supplier for the Toyota GR 86 Cup China Challenge 2025 season**; the company's slick tires once again supported the F4 Chinese Championship, **breaking track records** in the first round[66](index=66&type=chunk) - The company's TERRAMAX RT off-road tires supported the 2025 Taklimakan Rally, becoming the **official designated tires for Great Wall Motor and Zhengzhou Nissan teams**[66](index=66&type=chunk) [(3) Exhibition Activities: Showcasing High-Quality Products, Enhancing Brand Recognition](index=15&type=section&id=(3)%20Exhibition%20Activities%3A%20Showcasing%20High-Quality%20Products%2C%20Enhancing%20Brand%20Recognition) The company actively participates in top global exhibitions, such as the China (Guangrao) International Rubber Tire and Auto Parts Exhibition and the European Bologna Tire Show, to showcase cutting-edge technological innovations, precisely meet regional market demands, and further enhance its international brand awareness and global influence - The company actively participates in top global exhibitions, such as the **China (Guangrao) International Rubber Tire and Auto Parts Exhibition** and the **Asia-Pacific International Plastics and Rubber Industry Exhibition**[67](index=67&type=chunk) - The company also participated in exhibitions such as the **National Agricultural Machinery Exhibition, GT SHOW Modified Car Show, European Bologna Tire Show, Argentina Cuiabá Harvest Show, and Indonesia International Auto Show**[67](index=67&type=chunk) - By precisely matching the needs of different regional markets, the company further enhanced its **international brand awareness and global influence**[67](index=67&type=chunk) [5. Sustainable Development as a Strategic Anchor, Building a Benchmark for the Green Tire Industry](index=15&type=section&id=5.%20Sustainable%20Development%20as%20a%20Strategic%20Anchor%2C%20Building%20a%20Benchmark%20for%20the%20Green%20Tire%20Industry) The company launched its "eco+" sustainable development strategy, focusing on environmental protection and innovation across four strategic pillars, aiming to increase sustainable material content in tires to 40% and reduce energy consumption and carbon emissions by 30% by 2030, achieving leading ESG ratings among domestic tire listed companies - The company released its **'eco+' sustainable development strategy**, centered around four strategic pillars: **'ecological excellence, humanistic symbiosis, value-driven, and lean governance'**[68](index=68&type=chunk) - The company's clear sustainable development goals: increase sustainable material content in tire products to **40% by 2030 and 100% by 2050**; by 2030, reduce unit product energy consumption by **30%** and unit product carbon emissions by **30%** compared to 2022[38](index=38&type=chunk) - In June 2025, the company was selected for the **third China Enterprise Carbon Neutral Performance List**, winning the **'Green Supply Chain Management Award'**; in August, it was included in the **'2025 Enterprise ESG Practice Cases'**[70](index=70&type=chunk) - The company's MSCI ESG rating is **A**, EcoVadis rating is **silver**, CDP ratings for climate change and water security are both **B**, and Wind ESG rating is **AA**, with all sustainable development ratings ranking among the forefront of domestic listed tire companies[70](index=70&type=chunk) [III. Analysis of Core Competitiveness During the Reporting Period](index=16&type=section&id=III.%20Analysis%20of%20Core%20Competitiveness%20During%20the%20Reporting%20Period) The company's core competitiveness remained unchanged during the reporting period, with detailed information available in the "Sailun Group Co., Ltd. 2024 Annual Report" disclosed on April 29, 2025 - During the reporting period, there were **no significant changes** in the company's core competitiveness[71](index=71&type=chunk) [IV. Main Operating Performance During the Reporting Period](index=16&type=section&id=IV.%20Main%20Operating%20Performance%20During%20the%20Reporting%20Period) This section analyzes the company's main operating performance during the reporting period, including changes in key financial statement items, asset and liability status, investment activities, and the performance of major subsidiaries - Operating revenue increased by **16.05%** to **17.587 billion yuan** year-on-year[73](index=73&type=chunk) - Net cash flow from operating activities increased by **179.10%** to **884 million yuan** year-on-year[73](index=73&type=chunk) - Total assets increased by **12.22%** to **45.208 billion yuan**, and net assets attributable to shareholders of the listed company increased by **5.31%** to **20.546 billion yuan** year-on-year[23](index=23&type=chunk) - Overseas assets amounted to **27.709 billion yuan**, accounting for **61.29%** of total assets[79](index=79&type=chunk) [(I) Analysis of Main Business](index=16&type=section&id=(I)%20Analysis%20of%20Main%20Business) The company's main business revenue and costs both increased, but total profit and net profit attributable to shareholders declined year-on-year. Financial expenses significantly decreased due to increased exchange gains, and net cash flow from operating activities substantially rose due to increased cash received from sales Analysis of Changes in Financial Statement Items (Unit: Yuan, Currency: RMB) | Item | Current Period Amount | Prior Period Amount | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 17,586,679,696.39 | 15,153,937,900.66 | 16.05 | | Operating Cost | 13,272,065,893.51 | 10,792,943,228.09 | 22.97 | | Selling Expenses | 825,876,428.18 | 675,822,709.36 | 22.20 | | Administrative Expenses | 514,566,348.72 | 514,534,858.61 | 0.01 | | Financial Expenses | 86,311,316.75 | 159,877,483.02 | -46.01 | | R&D Expenses | 537,377,703.36 | 468,610,477.51 | 14.67 | | Net Cash Flow from Operating Activities | 883,547,546.32 | 316,569,368.01 | 179.10 | | Net Cash Flow from Investing Activities | -1,869,469,911.82 | -2,279,666,359.61 | 17.99 | | Net Cash Flow from Financing Activities | 1,428,834,580.86 | 2,083,185,397.86 | -31.41 | - Reason for change in financial expenses: primarily due to an **increase in exchange gains** in the current period[73](index=73&type=chunk) - Reason for change in net cash flow from operating activities: primarily due to an **increase in cash received from sales of goods** in the current period[74](index=74&type=chunk) - Reason for change in net cash flow from financing activities: primarily due to an **increase in cash paid for debt repayment** in the current period[75](index=75&type=chunk) [(III) Analysis of Assets and Liabilities](index=18&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets and net assets attributable to shareholders increased. The asset and liability structure saw several changes, including a significant decrease in trading financial assets, substantial increases in construction in progress and intangible assets, and a rise in long-term borrowings and deferred income Major Changes in Assets and Liabilities (Unit: Yuan) | Item Name | Amount at End of Current Period | Percentage of Total Assets at End of Current Period (%) | Amount at End of Prior Year | Percentage of Total Assets at End of Prior Year (%) | Change from Prior Year-End (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | | 0.00 | 134,920,605.68 | 0.33 | -100.00 | Primarily due to a decrease in wealth management products and equity instrument investments | | Notes Receivable | 162,679,492.39 | 0.36 | 292,595,958.51 | 0.73 | -44.40 | Primarily due to a decrease in notes intended to be held to maturity in the current period | | Long-term Equity Investments | 321,376,627.24 | 0.71 | 630,821,853.70 | 1.57 | -49.05 | Primarily due to a decrease in equity method investments in the current period | | Other Equity Instrument Investments | 35,339,937.77 | 0.08 | 12,081,539.71 | 0.03 | 192.51 | Primarily due to an increase in non-trading equity instrument investments in the current period | | Construction in Progress | 3,405,097,433.41 | 7.53 | 2,092,361,807.95 | 5.19 | 62.74 | Primarily due to increased investment in construction projects in the current period | | Intangible Assets | 2,105,532,743.08 | 4.66 | 1,358,183,497.12 | 3.37 | 55.03 | Primarily due to asset acquisitions in the current period | | Other Non-current Assets | 1,122,776,942.26 | 2.48 | 787,695,025.76 | 1.96 | 42.54 | Primarily due to an increase in prepaid equipment and engineering payments in the current period | | Employee Benefits Payable | 245,782,741.20 | 0.54 | 517,286,993.33 | 1.28 | -52.49 | Primarily due to current period employee benefit payments exceeding accruals | | Taxes Payable | 426,647,364.19 | 0.94 | 283,744,578.59 | 0.70 | 50.36 | Primarily due to increased tax accruals in the current period | | Non-current Liabilities Due Within One Year | 1,434,597,888.92 | 3.17 | 1,062,222,081.89 | 2.64 | 35.06 | Primarily due to an increase in long-term borrowings due within one year | | Long-term Borrowings | 5,544,613,358.36 | 12.26 | 3,373,009,547.20 | 8.37 | 64.38 | Primarily due to an increase in long-term borrowings in the current period | | Deferred Income | 220,906,584.67 | 0.49 | 124,990,111.76 | 0.31 | 76.74 | Primarily due to asset acquisitions in the current period | | Other Comprehensive Income | 97,719,448.15 | 0.22 | 186,257,386.25 | 0.46 | -47.54 | Primarily due to exchange rate fluctuations in the current period | - Overseas assets amounted to **27.709 billion yuan**, accounting for **61.29%** of total assets[79](index=79&type=chunk) Financial Contribution of Major Overseas Subsidiaries (Unit: 10,000 Yuan, Currency: RMB) | Overseas Asset Name | Operating Revenue | Net Profit Attributable to Parent Company | | :--- | :--- | :--- | | Sailun Vietnam | 464,676.12 | 79,081.60 | | CART TIRE | 313,825.91 | 47,357.88 | [(IV) Analysis of Investment Status](index=19&type=section&id=(IV)%20Analysis%20of%20Investment%20Status) During the reporting period, the company's equity investments increased to 877.632 million yuan. It continued to advance major non-equity investment projects, with some overseas factories nearing completion or having their first tires rolled off the line. The company also held financial assets measured at fair value and engaged in derivative investments for hedging - During the reporting period, the company and its subsidiaries' external equity investment amounted to **877.632 million yuan**, an increase of **151.3648 million yuan** compared to the same period last year[83](index=83&type=chunk) Progress of Significant Non-Equity Investment Projects (Unit: 10,000 Yuan) | Project Name | Planned Investment Amount | Cumulative Actual Investment Amount | Project Progress | Profit/Loss (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | | Vietnam Phase III Project | 301,053.00 | 223,754.50 | Basically completed | 30,975.45 | | Cambodia Annual Production of 1.65 Million All-Steel Radial Tires Project | 142,585.00 | 156,035.18 | Basically completed | 5,009.64 | | Cambodia Annual Production of 12 Million Semi-Steel Radial Tires Project | 224,721.52 | 140,190.84 | Under construction | 15,540.70 | | Mexico Annual Production of 6 Million Semi-Steel Radial Tires Project | 169,018.00 | 127,347.94 | Under construction, first tire rolled off the line | | | Indonesia Annual Production of 3.6 Million Radial Tires and 37,000 Tons of Off-the-Road Tires Project | 177,179.00 | 99,867.26 | Under construction, first tire rolled off the line | | Financial Assets Measured at Fair Value (Unit: Yuan, Currency: RMB) | Asset Category | Beginning Balance | Ending Balance | Current Period Change | Impact on Current Period Profit | | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 134,920,605.68 | | -134,920,605.68 | -9,422,572.42 | | Other Equity Instrument Investments | 12,081,539.71 | 35,339,937.77 | 23,258,398.06 | | | Financing for Receivables | 1,095,228,465.07 | 1,110,413,384.99 | 15,184,919.92 | | | Other Non-current Financial Assets | 21,015,000.00 | 21,015,000.00 | | | | Total | 1,263,245,610.46 | 1,166,768,322.76 | -96,477,287.70 | -9,422,572.42 | Derivative Investment Status (Unit: 10,000 Yuan, Currency: RMB) | Derivative Investment Type | Initial Investment Amount | Book Value at Period End | Percentage of Company's Net Assets at Period End (%) | | :--- | :--- | :--- | :--- | | Forward Foreign Exchange Contracts | 153,576.83 | 76,680.18 | 3.42 | | Interest Rate Swap Contracts | | 50,110.20 | 2.24 | | Foreign Exchange Option Contracts | 118,608.60 | 288,147.95 | 12.86 | | Total | 272,185.43 | 414,938.33 | 18.52 | - The company adheres to the principle of risk neutrality, conducting hedging management for foreign currency exposure to reduce the impact of exchange rate fluctuations on the company's production and operations, achieving long-term stable development[92](index=92&type=chunk) [(VI) Analysis of Major Holding and Participating Companies](index=24&type=section&id=(VI)%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This section lists the financial performance of the company's major holding subsidiaries (Sailun Dongying, Sailun Shenyang, Sailun Vietnam, CART TIRE), which significantly contribute to the company's net profit, all achieving substantial operating revenue and net profit attributable to the parent company Financial Data of Major Holding and Participating Companies (Unit: 10,000 Yuan, Currency: RMB) | Company Name | Operating Revenue | Operating Profit | Net Profit Attributable to Parent Company | | :--- | :--- | :--- | :--- | | Sailun Dongying | 271,654.37 | 47,547.83 | 40,071.02 | | Sailun Shenyang | 814,346.11 | 24,571.75 | 20,516.84 | | Sailun Vietnam | 464,676.12 | 95,998.73 | 79,081.60 | | CART TIRE | 313,825.91 | 51,182.72 | 47,357.88 | [V. Other Disclosure Matters](index=26&type=section&id=V.%20Other%20Disclosure%20Matters) This section discloses significant risks the company may face, including international trade barriers, raw material price fluctuations, intensified market competition, exchange rate volatility, and overseas operational risks, along with the strategies and measures adopted to mitigate them - The company faces the risk of **increasing international trade barriers**, with multiple countries and regions imposing tariffs or initiating anti-dumping investigations on Chinese tire products[98](index=98&type=chunk) - Prices of major raw materials such as **natural rubber, synthetic rubber, steel cord, and carbon black are volatile**, and the company strives to reduce procurement costs by signing strategic cooperation and long-term agreements with suppliers[99](index=99&type=chunk) - Intensified domestic and international market competition is addressed by the company through establishing an **international marketing network, exploring new sales models, and promoting high-performance products** to enhance competitiveness[100](index=100&type=chunk) - As global expansion accelerates, the company faces **exchange rate fluctuation risks**, which will be mitigated by dynamically adjusting settlement terms and adopting foreign exchange hedging methods such as forward foreign exchange settlements[101](index=101&type=chunk) - Overseas operations face multi-faceted risks from political, economic, socio-cultural environments, and industrial policies, which the company will closely monitor and proactively plan countermeasures for[104](index=104&type=chunk) [(I) Potential Risks](index=26&type=section&id=(I)%20Potential%20Risks) The company faces increasing international trade barriers, volatile raw material prices, intensified market competition, exchange rate fluctuations, and overseas operational risks, which it actively addresses through global expansion, procurement strategy adjustments, high-performance product promotion, and foreign exchange hedging - International trade barriers are continuously increasing, and the company has established tire production bases in multiple overseas countries and sells to over **180 countries and regions** through its global marketing network to cope[98](index=98&type=chunk) - Fluctuations in major raw material prices are managed by the company through signing strategic cooperation and long-term agreements with suppliers to reduce procurement costs, and by timely adjusting procurement strategies and product prices[99](index=99&type=chunk) - Intensified domestic and international market competition is addressed by the company through establishing a comprehensive international marketing network, actively exploring new sales models, and promoting high-performance products to enhance brand influence[100](index=100&type=chunk) - Exchange rate fluctuation risks are mitigated by the company closely monitoring foreign exchange market changes, dynamically adjusting settlement terms, and adopting foreign exchange hedging methods such as forward foreign exchange settlements[101](index=101&type=chunk) - Overseas operational risks are managed by the company closely monitoring political, economic, and other environmental dynamics in relevant overseas countries and regions, and proactively planning countermeasures[104](index=104&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=27&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section covers changes in the company's directors, supervisors, and senior management, profit distribution plans, employee incentive schemes, environmental information disclosure, and contributions to poverty alleviation and rural revitalization [I. Changes in Directors, Supervisors, and Senior Management](index=27&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, Mr. Peter Koszo was appointed as the company's Vice President, a change approved by the 24th meeting of the Sixth Board of Directors and publicly disclosed - Mr. Peter Koszo was appointed as the company's Vice President, approved by the **24th meeting of the Sixth Board of Directors**[106](index=106&type=chunk) [II. Profit Distribution or Capital Reserve Conversion Plan](index=27&type=section&id=II.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company proposes a 2025 semi-annual profit distribution plan to pay a cash dividend of 0.15 yuan (tax inclusive) per share to all shareholders based on the total share capital registered on the equity distribution record date, with no bonus shares or capital reserve conversions - The company's 2025 semi-annual profit distribution plan proposes a cash dividend of **0.15 yuan (tax inclusive) per share** to all shareholders based on the total share capital registered on the equity distribution record date[107](index=107&type=chunk) - No bonus shares will be issued, nor will capital reserves be converted into share capital[107](index=107&type=chunk) [III. Status and Impact of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=27&type=section&id=III.%20Status%20and%20Impact%20of%20Company%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The first and second lock-up periods of the company's 2023 employee stock ownership plan have expired, with unlocking conditions met, resulting in the unlocking of 23,960,020 shares (0.7287% of total share capital) and 17,970,015 shares (0.5465% of total share capital), respectively - The first lock-up period of the company's 2023 employee stock ownership plan has expired, and unlocking conditions have been met, with **40%** of the total shares held by the plan unlocked, totaling **23,960,020 shares**, accounting for **0.7287%** of the company's total share capital[108](index=108&type=chunk) - The second lock-up period of the company's 2023 employee stock ownership plan has expired, and unlocking conditions have been met, with **30%** of the total shares held by the plan unlocked, totaling **17,970,015 shares**, accounting for **0.5465%** of the company's total share capital[109](index=109&type=chunk) [IV. Environmental Information of Listed Companies and Their Major Subsidiaries Included in the List of Enterprises Required to Disclose Environmental Information by Law](index=28&type=section&id=IV.%20Environmental%20Information%20of%20Listed%20Companies%20and%20Their%20Major%20Subsidiaries%20Included%20in%20the%20List%20of%20Enterprises%20Required%20to%20Disclose%20Environmental%20Information%20by%20Law) The company and its four major subsidiaries (Sailun Group, Sailun Dongying, Sailun Shenyang, Shenyang Hengtong) are on the list of enterprises required to disclose environmental information by law, with relevant disclosure reports available, demonstrating compliance in environmental information disclosure - The number of enterprises included in the list of enterprises required to disclose environmental information by law is **4**[110](index=110&type=chunk) - Including **Sailun Group, Sailun Dongying, Sailun Shenyang, and Shenyang Hengtong**[110](index=110&type=chunk) [V. Specifics of Consolidating and Expanding Poverty Alleviation Achievements, Rural Revitalization, and Other Work](index=28&type=section&id=V.%20Specifics%20of%20Consolidating%20and%20Expanding%20Poverty%20Alleviation%20Achievements%2C%20Rural%20Revitalization%2C%20and%20Other%20Work) During the reporting period, the company actively fulfilled its social responsibilities by donating 1.4756 million yuan in funds and materials to educational institutions, charitable organizations, and impoverished families both domestically and internationally, promoting coordinated development and shared prosperity with society - During the reporting period, the company donated a total of **1.4756 million yuan** in funds and materials to Qingdao University of Science and Technology, Zhufeng Primary School in Weifang, Dongying Charity Federation, and impoverished families and charitable foundations abroad[111](index=111&type=chunk) [Section V Significant Matters](index=29&type=section&id=Section%20V%20Significant%20Matters) This section details the fulfillment of commitments, significant related-party transactions, and major contracts, particularly focusing on guarantees provided by the company [I. Fulfillment of Commitments](index=29&type=section&id=I.%20Fulfillment%20of%20Commitments) During the reporting period, the company's actual controller Yuan Zhongxue and his concerted parties, along with Du Yudai, strictly fulfilled various commitments regarding ensuring the listed company's independence, avoiding horizontal competition, regulating related-party transactions, and waiving control rights - Yuan Zhongxue, his concerted parties, and Ruoyuan Dingshi, an enterprise controlled by Yuan Zhongxue, strictly fulfilled commitments regarding ensuring the **independence of personnel, assets, finance, organization, and business** of the listed company[113](index=113&type=chunk) - Yuan Zhongxue, his concerted parties, and Ruoyuan Dingshi, an enterprise controlled by Yuan Zhongxue, strictly fulfilled commitments regarding **avoiding horizontal competition** with the listed company[114](index=114&type=chunk) - Yuan Zhongxue, his concerted parties, and Ruoyuan Dingshi, an enterprise controlled by Yuan Zhongxue, strictly fulfilled commitments regarding **regulating related-party transactions** with the listed company[115](index=115&type=chunk) - Du Yudai strictly fulfilled commitments regarding **voluntarily waiving and no longer seeking control** over the listed company[116](index=116&type=chunk) [X. Significant Related-Party Transactions](index=34&type=section&id=X.%20Significant%20Related-Party%20Transactions) During the reporting period, the company engaged in significant related-party transactions related to daily operations and joint external investments. Daily transactions primarily involved procurement from and provision of services to Mesnac Co., Ltd. and its subsidiaries, while joint external investment included increasing capital and gaining control of Huadong Proving Ground - In 2025, the company is expected to procure equipment, molds, software, spare parts, synthetic rubber, etc., from Mesnac Co., Ltd. and its controlled subsidiaries, with a total contract or order amount of **4.185 billion yuan**, and the actual amount incurred during the reporting period was **1.84372 billion yuan**[119](index=119&type=chunk) - In 2025, the company is expected to provide rubber compounds, reagents, additives, etc., to Mesnac Co., Ltd. and its controlled subsidiaries, with a total contract amount of **42.55 million yuan**, and the actual amount incurred during the reporting period was **3.76 million yuan**[119](index=119&type=chunk) - The company increased capital and gained control of Huadong (Dongying) Intelligent Connected Vehicle Proving Ground Co., Ltd., with the proposal approved by the **Board of Directors and the General Meeting of Shareholders**[122](index=122&type=chunk) [(I) Related-Party Transactions Related to Daily Operations](index=34&type=section&id=(I)%20Related-Party%20Transactions%20Related%20to%20Daily%20Operations) The company has ongoing related-party transactions with Mesnac Co., Ltd. and its controlled subsidiaries, primarily involving the procurement of equipment, molds, software, spare parts, and synthetic rubber, as well as the provision of rubber compounds, reagents, and additives, with actual amounts within the estimated range - In 2025, the company is expected to procure equipment, molds, software, spare parts, synthetic rubber, etc., from Mesnac Co., Ltd. and its controlled subsidiaries, with a total contract or order amount of **4.185 billion yuan**, and the actual amount incurred during the reporting period was **1.84372 billion yuan**[119](index=119&type=chunk) - In 2025, the company is expected to provide rubber compounds, reagents, additives, etc., to Mesnac Co., Ltd. and its controlled subsidiaries, with a total contract amount of **42.55 million yuan**, and the actual amount incurred during the reporting period was **3.76 million yuan**[119](index=119&type=chunk) [(III) Significant Related-Party Transactions for Joint External Investments](index=35&type=section&id=(III)%20Significant%20Related-Party%20Transactions%20for%20Joint%20External%20Investments) The company increased its capital and gained controlling interest in Huadong (Dongying) Intelligent Connected Vehicle Proving Ground Co., Ltd., deepening industrial synergy, with the resolution approved by the Board of Directors and the 2025 First Extraordinary General Meeting of Shareholders, and relevant registration procedures completed in June 2025 - The company's **23rd meeting of the Sixth Board of Directors and the 2025 First Extraordinary General Meeting of Shareholders** approved the 'Proposal on Capital Increase and Acquisition of Controlling Interest in Huadong (Dongying) Intelligent Connected Vehicle Proving Ground Co., Ltd. and Related-Party Transaction'[122](index=122&type=chunk) - In June 2025, Huadong Proving Ground completed relevant change registration procedures and obtained its **'Business License,'** with the company's capital increase making it the controlling shareholder[122](index=122&type=chunk) [XI. Significant Contracts and Their Performance](index=36&type=section&id=XI.%20Significant%20Contracts%20and%20Their%20Performance) This section primarily discloses the company's significant guarantees performed and outstanding during the reporting period. As of the end of the reporting period, the total guarantee amount was 13.3606653 billion yuan, representing 65.03% of the company's net assets, with most guarantees provided to controlled subsidiaries with debt-to-asset ratios exceeding 70% - Total guarantee balance for subsidiaries at the end of the reporting period (B) was **13.3606653 billion yuan**[126](index=126&type=chunk) - Total guarantee amount (A+B) was **13.3606653 billion yuan**, accounting for **65.03%** of the company's net assets[126](index=126&type=chunk) - Debt guarantee amount (D) provided directly or indirectly to guaranteed entities with a debt-to-asset ratio exceeding 70% was **12.123825 billion yuan**[126](index=126&type=chunk) - Amount of guarantees exceeding 50% of net assets (E) was **3.0876189 billion yuan**[126](index=126&type=chunk) [(II) Significant Guarantees Performed and Outstanding During the Reporting Period](index=37&type=section&id=(II)%20Significant%20Guarantees%20Performed%20and%20Outstanding%20During%20the%20Reporting%20Period) As of the end of the reporting period, the company's total guarantee amount was 13.3606653 billion yuan, representing 65.03% of its net assets, with 12.123825 billion yuan provided to controlled subsidiaries with debt-to-asset ratios exceeding 70%. The company has obtained shareholder authorization for guarantees up to 17.6 billion yuan Company's Total Guarantee Status (Unit: 10,000 Yuan, Currency: RMB) | Indicator | Amount | | :--- | :--- | | Total Guarantee Amount Incurred for Subsidiaries During Reporting Period | 421,709.42 | | Total Guarantee Balance for Subsidiaries at End of Reporting Period (B) | 1,336,066.53 | | Total Guarantee Amount (A+B) | 1,336,066.53 | | Percentage of Total Guarantee Amount to Company's Net Assets (%) | 65.03 | | Debt Guarantee Amount Provided Directly or Indirectly to Guaranteed Entities with Debt-to-Asset Ratio Exceeding 70% (D) | 1,212,382.50 | | Amount of Guarantees Exceeding 50% of Net Assets (E) | 308,761.89 | | Total of the Above Three Guarantee Amounts (C+D+E) | 1,521,144.39 | - Approved by the company's **21st meeting of the Sixth Board of Directors and the 2024 First Extraordinary General Meeting of Shareholders**, controlled subsidiaries are authorized to provide guarantees totaling no more than **17.6 billion yuan** (including ongoing guarantees), of which no more than **15.6 billion yuan** is for controlled subsidiaries with a debt-to-asset ratio exceeding 70%[126](index=126&type=chunk) [Section VI Share Changes and Shareholder Information](index=39&type=section&id=Section%20VI%20Share%20Changes%20and%20Shareholder%20Information) This section details the company's share capital changes and shareholder information, including the total number of shareholders and the top ten shareholders' holdings and their relationships [I. Changes in Share Capital](index=39&type=section&id=I.%20Changes%20in%20Share%20Capital) During the reporting period, there were no changes in the company's total share capital or share structure, maintaining stability - During the reporting period, there were **no changes** in the company's total share capital or share structure[129](index=129&type=chunk) [II. Shareholder Information](index=39&type=section&id=II.%20Shareholder%20Information) As of the end of the reporting period, the company had 66,087 common shareholders. Among the top ten shareholders, Ruoyuan Dingshi Investment Co., Ltd., Yuan Zhongxue, and Hong Kong Securities Clearing Company Limited were the top three, with Ruoyuan Dingshi Investment Co., Ltd. and Yuan Zhongxue having pledged shares - As of the end of the reporting period, the total number of common shareholders was **66,087**[130](index=130&type=chunk) Top Ten Shareholders' Holdings (Excluding Shares Lent via Securities Relending) (Unit: Share) | Shareholder Name (Full Name) | Change During Reporting Period | Number of Shares Held at Period End | Percentage (%) | Share Status | Amount | | :--- | :--- | :--- | :--- | :--- | :--- | | Ruoyuan Dingshi Investment Co., Ltd. | 43,970,498 | 514,486,860 | 15.65 | Pledged | 198,600,000 | | Yuan Zhongxue | | 224,690,895 | 6.83 | Pledged | 76,689,800 | | Hong Kong Securities Clearing Company Limited | 20,824,168 | 141,721,030 | 4.31 | Unknown | | | Hualian Holdings Co., Ltd. Bankruptcy Enterprise Property Disposal Special Account | -13,942,706 | 81,580,199 | 2.48 | Unknown | | | Qingdao Yuming Investment Center (Limited Partnership) | | 77,418,000 | 2.35 | Unknown | | | Agricultural Bank of China Co., Ltd. - E Fund Consumer Industry Stock Investment Fund | 12,855,100 | 61,595,631 | 1.87 | Unknown | | | Industrial and Commercial Bank of China Co., Ltd. - Huatai-PineBridge CSI 300 ETF | 46,814,222 | 46,814,222 | 1.42 | Unknown | | | National Council for Social Security Fund 406 Portfolio | | 40,093,360 | 1.22 | Unknown | | | Sailun Group Co., Ltd. - 2023 Employee Stock Ownership Plan | | 36,265,541 | 1.10 | Unknown | | | Agricultural Bank of China Co., Ltd. - Dacheng New Industry Mixed Securities Investment Fund | -2,059,792 | 33,596,345 | 1.02 | Unknown | | - The actual controller of Ruoyuan Dingshi Investment Co., Ltd. is Yuan Zhongxue, thus the company is a **concerted party of Yuan Zhongxue**; the executive partner of Qingdao Yuming Investment Center (Limited Partnership) is Yuan Zhongxue, thus the partnership is a **concerted party of Yuan Zhongxue**[134](index=134&type=chunk) - As of the end of the reporting peri

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-058 赛轮集团股份有限公司 第六届董事会第二十八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 赛轮集团股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日上午在公 司会议室以现场加通讯方式召开第六届董事会第二十八次会议。本次会议的通知 于 2025 年 8 月 12 日以电话、电子邮件等方式送达全体董事，补充通知于 2025 年 8 月 19 日以电话、电子邮件等方式送达全体董事。会议应到董事 7 人，实到 董事 7 人（其中以通讯表决方式出席 2 人）。会议由董事长刘燕华女士主持，公 司总裁及监事列席了会议。会议的召集和召开符合《公司法》及《公司章程》的 有关规定。经与会董事审议并表决，通过了以下议案： 1、《关于全资子公司对外投资的议案》 为更好地满足用户需求，进一步提升公司综合竞争力，公司拟对赛轮新和平 （沈阳）轮胎有限公司（以下简称"赛轮新和平"）进行改造和扩建。 表决结果：同意 7 票，反对 0 票，弃权 0 票，表 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-061 赛轮集团股份有限公司 2025 年半年度利润分配方案公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股派发现金红利0.15元（含税）。 根据 2025 年半年度财务报表（未经审计），公司 2025 年半年度合并报表归 属于上市公司股东的净利润 1,830,902,423.55 元。截至 2025 年 6 月 30 日，公 司母公司期末未分配利润 2,057,747,846.74 元。经董事会审议，公司 2025 年半 年度拟以实施权益分派股权登记日登记的总股本为基数分配利润。本次利润分配 方案如下： 公司拟以实施权益分派股权登记日登记的总股本为基数，向全体股东每股派 发现金红利 0.15 元（含税）。以 2025 年 6 月 30 日总股本 3,288,100,259 股为 基数，预计派发现金红利 493,215,038.85 元（含税），占公司 2025 年半年度归 属于上市公司股东的净利润的 26.94%。本次利润分配不送红 ...