赛轮集团股份有限公司 详式权益变动报告书 上市公司名称：赛轮集团股份有限公司 股票上市地点：上海证券交易所 股票简称及代码：赛轮轮胎（601058.SH） 信息披露义务人：瑞元鼎实投资有限公司 住所：青岛市市北区商邱路 52 号 1202 室 通讯地址：青岛市市北区商邱路 52 号 1202 室 信息披露义务人一致行动人一：袁仲雪 住所：山东省青岛市崂山区**** 通讯地址：山东省青岛市市北区郑州路 43 号 信息披露义务人一致行动人二：杨德华 住所：山东省青岛市崂山区**** 通讯地址：山东省青岛市市北区郑州路 43 号 信息披露义务人一致行动人三：袁嵩 住所：山东省青岛市崂山区**** 通讯地址：山东省青岛市市北区郑州路 43 号 1 信息披露义务人一致行动人四：青岛煜明投资中心（有限合伙） 住所：青岛市四方区郑州路 43 号 B 栋 206 室 通讯地址：山东省青岛市市北区郑州路 43 号 股份变动性质：股份增加（集中竞价） 签署日期：二〇二五年六月 信息披露义务人声明 本声明所述的词语或简称与本详式权益变动报告书"释义"部分所定义的词 语或简称具有相同的含义。 一、本报告书系信息披露义务人依据《中华人 ...

国金证券股份有限公司 关于 赛轮集团股份有限公司 详式权益变动报告书 之 财务顾问核查意见 3、本财务顾问所依据的有关资料由信息披露义务人及其一致行动人提供。 信息披露义务人及其一致行动人已做出声明，保证其所提供的所有文件、材料及 口头证言真实、准确、完整、及时，不存在任何重大遗漏、虚假记载或误导性陈 述，并对其真实性、准确性、完整性和合法性负责。 4、本财务顾问核查意见是在假设信息披露义务人全面和及时履行本次交易 相关声明或承诺的基础上出具；若上述假设不成立，本财务顾问不承担由此引起 的任何风险责任。 5、对于对本财务顾问核查意见至关重要而又无法得到独立证据支持或需要 法律、审计、评估等专业知识来识别的事实，本财务顾问主要依据有关政府部门、 律师事务所、会计师事务所及其他有关单位出具的意见、说明及其他文件做出判 断。 2 （注册地址：四川省成都市东城根上街 95 号） 二〇二五年六月 声明 本部分所述词语或简称与本核查意见"释义"所述词语或简称具有相同含义。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司收购管理办 法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-049 赛轮集团股份有限公司 关于全资子公司对外投资的公告 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： 投资项目名称及金额：公司全资子公司赛轮新加坡拟投资 500 万澳元， 认购 MTS 信托 6,211,180 单位份额，认购后将持有该信托 11.09%的份额。 特别风险提示： 未来国内外市场、融资环境与政策、国际政治环境及经济形势存在发生变化 的可能，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。 一、情况概述 2025 年 6 月 20 日，赛轮集团股份有限公司（以下简称"公司"）召开第六 届董事会第二十五次会议，审议通过了《关于全资子公司对外投资的议案》。为 更好地开拓澳大利亚轮胎市场业务，公司全资子公司 Sailun International Holding (Singapore) Pte.Ltd .（以下简称"赛轮新加坡"）拟投资 500 万澳 元，认购 Mobile Tyre Shop Unit T ...

Core Viewpoint - The announcement details the increase in shareholding by a significant shareholder of Sailun Tire (601058), indicating a strategic move that may reflect confidence in the company's future performance [1] Shareholding Changes - From April 11, 2025, to June 20, 2025, the actual controller Yuan Zhongxue's concerted actor, Ruiyuan Dingshi, increased its shareholding by 32.82 million shares, raising its ownership from 24.00% to 25.00%, marking a 1% change in equity [1] - Between November 25, 2024, and June 20, 2025, Ruiyuan Dingshi acquired an additional 92.96 million shares, increasing its stake from 12.79% to 15.62%, which represents a 5% change in equity [1] Control and Ownership - The changes in shareholding did not result in any alterations to the company's controlling shareholder, actual controller, or the largest shareholder [1]

Investment Rating - The report maintains a "Buy" rating for both Sailun Tire and Senqilin, with target prices of 16.44 and 26.91 respectively [9][28]. Core Insights - The tire industry is approaching a turning point due to tariff digestion and cost improvements, with Chinese tire companies expected to expand their market share despite current tariff challenges [1]. - Raw material costs have significantly decreased, with the price index for semi-steel and all-steel tires dropping by 15% and 14% respectively as of June 6, 2025, indicating a recovery in profitability for the tire industry expected by Q3 2025 [2]. - Demand for semi-steel tires in North America and Europe remains strong, with a year-on-year growth of 3% and 5% respectively in early 2025, enhancing the competitiveness of Chinese products in these markets [3]. - Leading companies are actively expanding their overseas presence, with Sailun Tire increasing its brand investment and establishing production facilities in Indonesia and Mexico, while Senqilin is set to ramp up production in Morocco [4]. Summary by Sections Tariff and Cost Dynamics - Tariff impacts are gradually being absorbed, allowing Chinese tire companies to leverage their cost advantages and enhance market penetration [1]. - The cost pressure from raw materials has eased significantly, with expectations of improved profitability in the upcoming quarters [2]. Market Demand and Competitiveness - The semi-steel tire demand in North America and Europe continues to grow, with a notable increase in imports from China [3]. - Chinese tire manufacturers are positioned to benefit from their competitive pricing and quality, leading to increased market share in international markets [3]. Company Recommendations - Sailun Tire is recommended due to its strong brand development and successful overseas production initiatives, with a projected revenue growth of 22% year-on-year [32]. - Senqilin is also recommended for its high-end product positioning and expected production ramp-up in Morocco, contributing to its market share growth [32].

Investment Rating - The industry is rated as "Overweight" [6] Core Views - Multiple automakers have committed to shortening payment terms to within 60 days, which is expected to improve the automotive supply chain ecosystem [1] - The shortening of payment terms is anticipated to alleviate concerns regarding automakers' repayment capabilities and promote healthy industry development [1] - The average cash turnover rates for components, complete vehicles, and dealers in 2024 are projected to be 4.5, 2.2, and 8.9 respectively, with the new payment terms expected to enhance cash flow [1] - The reduction in payment terms aligns with international standards, potentially benefiting Chinese brands in overseas markets [2] - Price competition has paused, leading to a narrowing of discount rates, which is favorable for healthy competition within the industry [2] Summary by Sections Section 1: Impact of Shortened Payment Terms - The adjustment to a 60-day payment term is expected to have limited impact on the cash flow of complete vehicle manufacturers, as many currently operate with payment terms exceeding 110 days [2] - The new terms are expected to enhance the cash turnover ability and cash levels of upstream component manufacturers, with an estimated increase in cash funds of approximately 32 billion yuan (+37%) if accounts receivable turnover improves to 6 [3] Section 2: Export Growth of Domestic Passenger Vehicles - Domestic brands are leading in competitiveness within the market, driving foreign brands out [4] - In 2024, market shares for domestic brands in various price segments are projected to be 80%, 48%, and 42% respectively, with year-on-year increases of 7, 14, and 4 percentage points [4] - In May, domestic brand exports reached 375,000 units, a year-on-year increase of 18% and a month-on-month increase of 10% [4] - The global market is viewed as a significant growth opportunity for Chinese automakers, with a recommendation to focus on industry leaders with global competitiveness [4]

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-048 赛轮集团股份有限公司 关于提供担保的进展公告 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： 本次被担保人名称：赛轮香港 本次担保金额及已实际为其提供担保的余额：公司本次为赛轮香港6,000 万美元连带责任担保。包含本次担保在内，公司已实际为赛轮香港提供53.37亿 元连带责任担保。 特别风险提示：公司及控股子公司预计年度对外担保总额为272亿元，截 至本公告披露日实际发生担保额为202.23亿元，分别占公司最近一期经审计净资 产的139.42%、103.66%；公司对资产负债率超过70%的全资子公司实际发生担保 额为121.44亿元，占公司最近一期经审计净资产的62.25%。请广大投资者充分关 注担保风险。 一、担保情况概述 2024 年 12 月 13 日，赛轮集团股份有限公司（以下简称"公司"或"赛轮 集团"）召开第六届董事会第二十一次会议，审议通过了《关于 2025 年度预计对 外担保的议案》，同意公司为控股子公司提供总额不超过 ...

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： 本次被担保人名称：赛轮香港 证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-048 赛轮集团股份有限公司 关于提供担保的进展公告 本次担保金额及已实际为其提供担保的余额：公司本次为赛轮香港6,000 万美元连带责任担保。包含本次担保在内，公司已实际为赛轮香港提供53.37亿 元连带责任担保。 特别风险提示：公司及控股子公司预计年度对外担保总额为272亿元，截 至本公告披露日实际发生担保额为202.23亿元，分别占公司最近一期经审计净资 产的139.42%、103.66%；公司对资产负债率超过70%的全资子公司实际发生担保 额为121.44亿元，占公司最近一期经审计净资产的62.25%。请广大投资者充分关 注担保风险。 一、担保情况概述 2024 年 12 月 13 日，赛轮集团股份有限公司（以下简称"公司"或"赛轮 集团"）召开第六届董事会第二十一次会议，审议通过了《关于 2025 年度预计对 外担保的议案》，同意公司为控股子公司提供总额不超过 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2025-047 赛轮集团股份有限公司 关于增资控股华东（东营）智能网联汽车试验场有限 公司暨关联交易的进展公告 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。 一、本次增资情况概述 2025 年 2 月 24 日，赛轮集团股份有限公司（以下简称"公司"）召开第六 届董事会第二十三次会议，审议通过了《关于增资控股华东（东营）智能网联汽 车试验场有限公司（以下简称"华东试验场"）暨关联交易的议案》。上述事项 亦经公司 2025 年 3 月 18 日召开的 2025 年第一次临时股东大会审议通过。2025 年 5 月 9 日，华东试验场召开股东会审议通过了《股权调整方案》，同意公司增 资成为华东试验场的控股股东。 二、本次增资的进展情况 近日，华东试验场完成了相关变更登记手续并取得了山东省黄河三角洲农业 高新技术产业示范区管委会核发的《营业执照》，相关登记信息如下： 名称：华东（东营）智能网联汽车试验场有限公司 统一社会信用代码：91370523085136192J 公司类 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Sinopec, PetroChina, and CNOOC, highlighting their high dividend characteristics [10]. Core Views - The report emphasizes the importance of focusing on domestic demand, high dividend stocks, and import substitution in the chemical industry, especially in light of the recent stabilization of international oil prices [6][17]. - It notes that the international oil price is expected to stabilize around $70 per barrel in 2025, which supports the outlook for companies with strong asset quality and high dividend yields [6][17]. Summary by Sections Industry Investment Recommendations - The report suggests that the chemical industry is currently in a weak performance phase, with mixed results across different sub-sectors due to past capacity expansions and weak demand [20]. - It highlights specific sectors such as the tire industry, which is expected to perform well due to global positioning and tariff experiences [20]. - The report also identifies opportunities in import substitution for chemical products like lubricant additives and special coatings [20]. Price Movements - Significant price increases were observed in natural gas (up 14.76%), hydrochloric acid (up 9.39%), and synthetic ammonia (up 5.24%) [17][18]. - Conversely, products like adipic acid and coal tar saw notable declines, with adipic acid down 7.53% [17][18]. Key Companies and Earnings Forecasts - The report provides earnings per share (EPS) forecasts for various companies, indicating a positive outlook for firms like Xinyangfeng and Senqilin, with projected EPS growth [10]. - It lists several companies with strong dividend yields, such as Yuntianhua and Xingfa Group, which are expected to attract investor interest [20].