Core Viewpoint - SAILUN TIRE announced a semi-annual distribution plan for 2025, proposing a cash dividend of 1.5 yuan per 10 shares (including tax), totaling approximately 493 million yuan, which represents 26.94% of the company's net profit [2]. Financial Performance - The company reported a revenue of 17.587 billion yuan for the first half of 2025, reflecting a year-on-year increase of 16.05% [2]. - Net profit for the same period was 1.831 billion yuan, showing a year-on-year decline of 14.90% [2]. - Basic earnings per share were reported at 0.56 yuan [2]. Dividend History - This marks the 16th cumulative cash distribution since the company's listing, with the following historical distribution details: - 2025.06.30: 1.5 yuan per 10 shares, total cash of 493 million yuan, dividend yield of 1.08% [2]. - 2024.12.31: 2.3 yuan per 10 shares, total cash of 756 million yuan, dividend yield of 1.62% [2]. - 2024.09.30: 1.5 yuan per 10 shares, total cash of 493 million yuan, dividend yield of 1.07% [2]. - 2023.12.31: 1.7 yuan per 10 shares, total cash of 559 million yuan, dividend yield of 1.53% [2]. - 2022.12.31: 1.5 yuan per 10 shares, total cash of 457 million yuan, dividend yield of 1.41% [2]. Market Position - Among the automotive industry, SAILUN TIRE's cash distribution ranks fifth, with the highest cash distribution being from Fuyao Glass at 2.349 billion yuan [4]. - The company’s cash distribution is compared to other industry players, with notable distributions from Yutong Bus and Aima Technology at 1.107 billion yuan and 546 million yuan, respectively [4]. Capital Flow - The stock experienced a net inflow of 40.103 million yuan from main funds today, with a total net inflow of 41.998 million yuan over the past five days [3]. - The latest margin financing balance for the stock is 1.115 billion yuan, showing a decrease of 18.43 million yuan over the past five days, a decline of 1.63% [4].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported a total revenue of 17.587 billion yuan for the first half of 2025, representing a year-on-year increase of 16.05%, while the net profit attributable to shareholders decreased by 14.90% [1] - In Q2 2025, the company achieved a total revenue of 9.175 billion yuan, up 16.76% year-on-year and 9.08% quarter-on-quarter, but the net profit attributable to shareholders fell by 29.16% year-on-year and 23.77% quarter-on-quarter [1] - The company’s tire production and sales reached new highs in Q2 2025, with production of 20.72 million tires, a year-on-year increase of 14.09%, and sales of 19.77 million tires, a year-on-year increase of 10.07% [3] - The company is expanding its global production capacity, with significant projects in Egypt and Shenyang, contributing to its status as the largest Chinese tire manufacturer in terms of overseas production capacity [3] - Trade barriers have negatively impacted Q2 profits, but improvements are expected in Q3 due to a decline in raw material and shipping costs [3][4] Financial Summary - The company’s projected revenues for 2025-2027 are 37.263 billion yuan, 43.028 billion yuan, and 51.484 billion yuan, with year-on-year growth rates of 17.2%, 15.5%, and 19.7% respectively [6] - The net profit attributable to shareholders is expected to be 4.169 billion yuan, 5.101 billion yuan, and 6.374 billion yuan for the same period, with growth rates of 2.6%, 22.4%, and 24.9% respectively [6] - The diluted EPS for 2025-2027 is projected to be 1.27 yuan, 1.55 yuan, and 1.94 yuan [6]

Company Announcements - Tonglin Co., Ltd. has no business related to graphene industry [1] - Hemei Group plans to invest in the construction of the Qinyuan Qiaolonggou Comprehensive Energy Island Project [1] - Huayi Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange [1] - Wencheng International has won the core smart warehouse operation service project for a well-known cross-border e-commerce platform in East China [1] - Xingfa Group intends to acquire 50% equity of Qiaogou Mining for 855 million yuan [1] - Koweil has completed the repurchase of 1.1788% of its shares [1] - Tianfu Communication reported a net profit of 899 million yuan in the first half of the year and plans to distribute 5 yuan per 10 shares [1] - Huayang Lianzhong's controlling shareholder, Xiangjiang Group, plans to increase its stake by 1% to 2% [1][2] - Hengsheng Electronics' director Jiang Jiansheng plans to reduce his stake by no more than 0.42% [1][2] - Tanshijia plans to raise no more than 1.93 billion yuan through a private placement to its actual controller Li Ming and his controlled enterprise Tongyu Huying [1][2] - Jingu Co., Ltd. has received a notification for the low-carbon wheel project from Avatar [1][2] Performance Highlights - Tianfu Communication reported a net profit of 899 million yuan in the first half of the year [1] - Hisense Visual reported a net profit of 1.056 billion yuan in the first half of the year, representing a year-on-year increase of 26.63% [1]

Market Overview - US stock market experienced a decline with Dow Jones down 0.77%, Nasdaq down 0.22%, and S&P 500 down 0.43% [1] - Notable stock movements include Tesla up 1.94%, Google A up 1.16%, and Nvidia up 1.03% while Meta down 0.26% and major tech companies like Apple, Amazon, and Microsoft down by up to 0.59% [1] Pharmaceutical Industry - US President Trump announced plans to reduce drug prices by 1400%-1500% and will soon impose tariffs on pharmaceuticals [2] AI and Technology - Nvidia introduced its new AI computing platform, Jetson Thor, which boasts a 6.5 times increase in computing power compared to its predecessor [2] - Google detailed its next-generation Ironwood TPU architecture, which shows a 16 times performance increase, achieving a single chip computing power of 4614 TFLOPs [3] Mining and Commodities - US agencies proposed to include copper and potassium fertilizers in the list of critical minerals [3] Carbon Market and Environmental Policies - The Central Committee and State Council of China released opinions on promoting green low-carbon transformation and strengthening the national carbon market, aiming for a comprehensive trading market by 2030 [15] - The average price of carbon emission allowances in China has nearly doubled from 46.60 yuan/ton in 2021 to 91.82 yuan/ton in 2024 [15] Automotive Industry - Huawei's HarmonyOS has delivered over 900,000 vehicles as of August 25, with expectations to surpass one million by October [12] - Multiple new car models are set to launch in collaboration with four major automakers, indicating a strong push in the automotive sector [12] Satellite Internet - China is set to issue satellite internet licenses, marking a significant step towards commercial operations in the sector [11] - China Star Network has accelerated its satellite launches, increasing the number of low-orbit satellites from 34 to 72 within a short period [11] Corporate Announcements - Puma's major shareholder, the Pino family, is considering selling their stake, leading to a 16% surge in Puma's stock price [8] - Dongfeng Motor Group is undergoing a merger, changing its controlling shareholder to Dongfeng Investment [18] Financial Performance - Notable financial results include: - Huafeng Technology reported a net profit of 1.51 billion yuan, turning a profit [20] - Zhuhai Guanyu plans to invest 2 billion yuan in a new lithium battery production project [20] - Sunshine Power reported a net profit of 7.735 billion yuan, a 55.97% increase year-on-year [20]

Core Viewpoint - The company aims to create sustainable value for shareholders through high-quality development and enhancing shareholder returns, as part of its "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for 2025 [1] Group 1: Global Expansion and Production Capacity - In the first half of 2025, the company achieved record highs in tire production, sales, and revenue both domestically and internationally, driven by its global expansion strategy [2] - The company has established new factories in Indonesia and Mexico, with a planned annual production capacity of 31.55 million all-steel radial tires, 109 million semi-steel radial tires, and 467,000 tons of non-road tires [2] - The company ranks tenth in the global tire industry according to the "Top 20 Global Tire Companies" list by Tyrepress and the "Top 75 Global Tire Companies" list by Tire Business [2] Group 2: Technological Innovation and Product Development - The company focuses on a research strategy that combines basic and applied research, creating a comprehensive innovation ecosystem [3] - New products launched in the first half of 2025 include the Liquid Gold tire fashion series and various specialized tires, which have garnered significant industry attention [3][4] - The company’s all-steel tires have received high praise for their quality, with specific products achieving top ratings in rolling resistance performance [4] Group 3: Governance and Compliance - The company held multiple board meetings and committees to enhance governance and ensure compliance with regulatory requirements [6] - It has implemented timely information disclosure practices and conducted compliance training for its executives to improve risk awareness [7] Group 4: Shareholder Returns and Investment Plans - In June 2025, the company distributed a cash dividend of 0.23 yuan per share, with total cash dividends for 2024 amounting to 30.76% of the net profit attributable to shareholders [8] - The company’s controlling shareholder announced a plan to increase shareholding by investing between 500 million and 1 billion yuan within six months [8] Group 5: ESG and Sustainable Development - The company has launched the "eco+" sustainable development strategy, focusing on ecological protection and economic development [9] - It has received high ESG ratings, including an A rating from MSCI and a silver medal from EcoVadis, positioning it as a leader in the domestic tire industry [9]

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。 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 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。 司出具的《过户登记确认书》，公司回购专用证券账户（B881985595）中所持有 的 59,900,050 股公司股票已于 2023 年 8 月 17 日以非交易过户的方式过户至公 司 2023 年员工持股计划证券账户（B88596901 ...

与会监事发表意见如下：经审核，我们认为公司 2025 年半年度利润分配方 案充分考虑了公司现阶段经营发展需要及资金需求等因素，兼顾公司未来发展和 股东长远利益，符合公司战略发展需要和公司当前的实际情况，未损害公司股东 特别是中小股东的利益。同意公司 2025 年半年度利润分配方案。 表决结果：同意 3 票，反对 0 票，弃权 0 票，表决通过。 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 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 ...

Core Points - The company plans to distribute a cash dividend of 0.15 yuan per share to all shareholders, with no stock dividends or capital reserve transfers [1] - Total assets at the end of the reporting period reached approximately 45.21 billion yuan, an increase of 12.22% compared to the previous year [1] - Operating revenue for the reporting period was approximately 17.59 billion yuan, reflecting a year-on-year increase of 16.05% [1] - Total profit for the period was approximately 2.15 billion yuan, showing a decrease of 12.26% compared to the previous year [1] - Net profit attributable to shareholders was approximately 1.83 billion yuan, down 11.06% from the previous year [1] - The weighted average return on net assets was not specified in the provided data [1] Company Overview - The company is listed on the Shanghai Stock Exchange under the stock code 601058, previously known as Sailun Jinyu [1] - The company’s office is located at No. 43 Zhengzhou Road, Qingdao [1] - The total number of shareholders at the end of the reporting period was 66,087 [1] Shareholder Information - Major shareholders include: - Ruiyuan Dingshi Investment Co., Ltd. holding 15.65% of shares, with 198.6 million shares pledged [2] - Yuan Zhongxue holding 6.83% of shares, with 76.69 million shares pledged [2] - Other significant shareholders include Hong Kong Central Clearing Limited and Xinhua Lian Holdings [2]

Core Viewpoint - The report highlights the financial performance and strategic developments of Sailun Group Co., Ltd. for the first half of 2025, showcasing growth in revenue despite a decline in net profit, alongside advancements in product innovation and global expansion efforts [1][2][3]. Financial Performance - The company's operating revenue for the first half of 2025 reached CNY 17.59 billion, representing a 16.05% increase compared to the same period last year [2]. - Total profit amounted to CNY 2.15 billion, a decrease of 12.26% year-on-year [2]. - The net profit attributable to shareholders was CNY 1.83 billion, down 14.90% from the previous year [2]. - The net cash flow from operating activities increased significantly by 179.10% to CNY 883.55 million [2]. - As of June 30, 2025, the net assets attributable to shareholders were CNY 20.55 billion, up 5.31% from the end of the previous year [2]. Industry Overview - The global tire market experienced moderate growth, with total sales of semi-steel and all-steel tires reaching 918 million units in the first half of 2025, a slight increase from the previous year [10]. - Domestic tire sales benefited from rising automobile production and sales, with 15.62 million vehicles produced and sold in China during the first half of 2025, supported by policies like "old-for-new" [11]. - The company ranks among the top tire manufacturers globally, positioned 10th in the "2025 Global Tire Industry Top 20" and 2nd in the "2025 China Tire Enterprise Rankings" [7][8]. Product and Market Strategy - Sailun Group focuses on a diverse product range, including all-steel radial tires, semi-steel radial tires, and non-road tires, with a commitment to quality and sustainability [3][6]. - The company has established a strong global presence with production bases in China and overseas, including Vietnam, Cambodia, and Mexico, with a planned annual production capacity of 31.55 million all-steel tires and 10.9 million semi-steel tires [18]. - The company has developed innovative products such as the "Liquid Gold" tire series, which enhances performance while maintaining aesthetic appeal [16][23]. Sustainability Initiatives - The company has implemented the "eco+" sustainable development strategy, focusing on ecological protection and economic growth, aiming to reduce carbon emissions by 30% in tire products [10][25]. - Sailun Group has received high ratings for its sustainability practices, including an MSCI ESG rating of A and a silver medal from EcoVadis, placing it among the top 15% of global companies evaluated [10]. Digital Transformation - The company is advancing its digital transformation through the "橡链云" industrial internet platform, enhancing operational efficiency across the value chain [20]. - A comprehensive digital marketing platform has been established to improve user experience and streamline business processes [19][20].

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 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）。 ? 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。在实施权益分派的股权登记日前公司总股本发 生变动的，拟维持每股分配比例不变，相应调整分配总额，并将在相关公告中披 露。 根据《上市公司监管指引第 3 号一上市公司现金分红》、赛轮集团股份有限 公司（以下简称"公司"）《股东回报规划（2025 年-2027 年）》《2025 年度 "提质增效重回报"行动方案》及《2024 年年度利润分配方案及 2025 年中期现 金分红授权安排》相关内容，公司制定了 2025 年半年度利润分配方案。具体内 容如下： 一、利润分配方案内容 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 ...