Investment Rating - The report maintains a "Buy" rating for the company [2][3]. Core Views - The company achieved a total revenue of 23.63 billion RMB in the first three quarters of 2024, representing a year-on-year increase of 24.3%. The net profit attributable to shareholders reached 3.24 billion RMB, up 60.2% year-on-year [2]. - In Q3 2024, the company reported a single-quarter revenue of 8.47 billion RMB, a year-on-year increase of 14.8% and a quarter-on-quarter increase of 7.8%. The net profit for the quarter was 1.09 billion RMB, reflecting an 11.5% year-on-year growth but a 2.3% decline quarter-on-quarter [2]. - The company is investing in the Cambodia Kampot Economic Zone project with a total investment of 112 million USD, aimed at enhancing its global strategy and optimizing its supply chain [2]. Summary by Sections Financial Performance - The tire production volume reached 19.22 million units in Q3 2024, a year-on-year increase of 17.6% and a quarter-on-quarter increase of 5.8%. Sales volume was 19.33 million units, up 22.8% year-on-year and 7.6% quarter-on-quarter [2]. - The average price of tire products decreased by 5.6% year-on-year but increased by 0.4% quarter-on-quarter due to changes in product structure [2]. - The company faced raw material cost pressures, with prices for key materials like natural rubber and synthetic rubber rising by 15.1% year-on-year and 1.8% quarter-on-quarter [2]. Investment and Growth Strategy - The company is focused on global expansion and supply chain optimization through the Cambodia project, which is expected to generate significant rental income from land leasing starting in 2026 [2]. - The projected revenue from the project is estimated at 15.4 million USD, with a net profit of approximately 5.019 million USD over the lease period [2]. Profit Forecast and Valuation - The company is expected to see net profits of 4.264 billion RMB, 4.756 billion RMB, and 5.177 billion RMB for the years 2024, 2025, and 2026, respectively. The corresponding PE ratios are projected to be 11.3, 10.13, and 9.3 times [3].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company has demonstrated resilience against industry challenges, achieving record highs in production, sales, revenue, and net profit [1] - The company is expanding its global industrial layout with the planning of the Cambodia Kampot Economic Zone project, which is expected to enhance its competitive edge [1][2] - The global tire market is steadily growing, providing significant development opportunities for Chinese tire manufacturers [1][2] Financial Performance - In Q3 2024, the company reported total revenue of 8.474 billion yuan, a year-on-year increase of 14.82% and a quarter-on-quarter increase of 7.84% [1] - The net profit attributable to the parent company was 1.092 billion yuan, reflecting a year-on-year growth of 11.50% but a quarter-on-quarter decrease of 2.29% [1] - The company’s tire production reached 19.22 million units, and sales were 19.33 million units, both setting new quarterly records [1] Future Projections - Revenue projections for 2024-2026 are 31.012 billion yuan, 34.949 billion yuan, and 39.871 billion yuan, with year-on-year growth rates of 19.4%, 12.7%, and 14.1% respectively [3] - Net profit attributable to the parent company is expected to reach 4.219 billion yuan, 5.008 billion yuan, and 6.013 billion yuan for the same period, with growth rates of 36.5%, 18.7%, and 20.1% respectively [3] Product Innovation - The company has introduced the "Liquid Gold" tire, which has been validated by multiple international testing organizations for its superior fuel efficiency and durability [2] - The company is actively expanding its market presence in both original equipment and replacement markets, partnering with several domestic and international automotive manufacturers [2] Market Outlook - The global tire market is projected to grow steadily, with a reported 900 million units sold in the first half of 2024, marking a year-on-year increase of 2.69% [1][2] - The demand for tires is expected to benefit from the ongoing increase in global vehicle ownership and the recovery of automotive production and sales [1][2]

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2024-093 赛轮集团股份有限公司 2024 年前三季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： 2024 年前三季度利润分配方案为：每股派发现金红利 0.15 元（含税）， 不送红股，也不进行资本公积金转增股本。 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，并另行公告具体调整情况。 如在本公告披露之日起至实施权益分派股权登记日期间，因回购股份/重大 资产重组股份回购注销等致使公司总股本发生变动的，公司拟维持每股分配比 例不变，相应调整分配总额。如后续总股本发生变化，将另行公告具体调整情 况。 二、公司履行的决策程序 1、董事会审议情况 2024 年 10 月 29 日，公司以现场加通讯方式召开第六届董事会第二十次会 议，以 7 票同意、0 票反对、0 票弃权的表决结果审议通过了《2 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2024-096 赛轮集团股份有限公司 2024 年第三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"）2024 年第三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 1、自产自销轮胎产品 | 主要产品 | 产量（万条） | | 销量（万条） | | 收入（万元） | | --- | --- | --- | --- | --- | --- | | 轮胎 | | 1,921.63 | | 1,933.39 | 817,295.17 | 2、轮胎贸易 公司除自产自销轮胎产品外，还通过子公司经销公司合并范围外的其他企业 生产的轮胎产品。2024 年第三季度，公司轮胎贸易收入为 23,438.44 万元。 二、主要产品和原材料的价格变动情况 1、主要产品的价格变动情况 202 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2024-095 赛轮集团股份有限公司 关于高级管理人员变动的公告 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。 一、高级管理人员辞职情况 附件：相关人员简历 2024 年 10 月 29 日，赛轮集团股份有限公司（以下简称"公司"）收到顾 锴先生、李吉庆先生的辞职报告，顾锴先生、李吉庆先生因工作调整申请辞去公 司副总裁职务。辞去副总裁职务后，顾锴先生将在公司继续担任其他职务；李吉 庆先生将在公司继续担任董事、董事会秘书职务。根据《公司法》《公司章程》 等相关规定，顾锴先生、李吉庆先生提交的辞职报告自送达董事会之日起生效。 截至本公告日，顾锴先生、李吉庆先生均未持有公司股份。 二、聘任公司高级管理人员情况 2024 年 10 月 29 日，公司召开第六届董事会第二十次会议，审议通过了《关 于聘任公司副总裁的议案》，同意聘任张建俊先生、徐国峰先生为公司副总裁， 任期自本次董事会审议通过之日起至公司第六届董事会任期届满之日止，张建俊 先生、徐国峰先生简历详见附件。 截至本 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2024-097 赛轮集团股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： 会议召开时间：2024 年 11 月 7 日(星期四)下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadsh ow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 10 月 31 日(星期四)至 11 月 6 日(星期三)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ziben@sai luntire.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 赛轮集团股份有限公司（以下简称"公司"）已于本公告同日发布了公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三季 度经营成果、财务状况，公司计划于 2024 年 11 月 7 日下午 15:00- ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥8,474,208,247.41, representing a year-on-year increase of 14.82%[2] - The net profit attributable to shareholders for the same period was ¥1,092,160,927.92, reflecting an increase of 11.50% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,074,419,365.44, up by 11.37% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥23.63 billion, a 24.0% increase from ¥19.01 billion in the same period of 2023[13] - Net profit for the first three quarters of 2024 was ¥3.30 billion, up 56.8% from ¥2.10 billion in the first three quarters of 2023[14] - Operating profit for the first three quarters of 2024 was ¥3.70 billion, a significant increase of 60.4% from ¥2.31 billion in the same period of 2023[13] - The company's total comprehensive income for the first three quarters of 2024 was ¥3.09 billion, compared to ¥2.22 billion in the same period of 2023, reflecting a growth of 39.0%[14] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥38,524,537,580.66, which is a 14.23% increase from the end of the previous year[3] - The total current assets as of September 30, 2024, amounted to RMB 19,244,212,984.93, an increase from RMB 15,533,807,766.17 as of December 31, 2023, representing a growth of approximately 23.3%[10] - The total assets of the company reached RMB 38,524,537,580.66, up from RMB 33,725,713,539.78, indicating a growth of about 14.3%[11] - The total liabilities increased to RMB 18,836,278,331.17 from RMB 18,286,636,451.19, which is an increase of approximately 3.0%[11] - The company's equity rose to RMB 19,688,259,249.49 from RMB 15,439,077,088.59, reflecting an increase of about 27.5%[11] - The company's equity attributable to shareholders reached ¥19.04 billion in Q3 2024, up from ¥14.85 billion in Q3 2023, marking a 28.5% increase[12] Earnings Per Share - The basic earnings per share for the year-to-date period was ¥1.01, an increase of 53.03% compared to the same period last year[5] - The diluted earnings per share for the year-to-date period was ¥1.00, reflecting a year-on-year increase of 58.73%[6] - Earnings per share for the first three quarters of 2024 were ¥1.01, compared to ¥0.66 in the same period of 2023[14] Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 51.48% to ¥1,452,459,297.53[5] - Cash flow from operating activities for the first three quarters of 2024 was ¥21.02 billion, an increase of 20.0% from ¥17.41 billion in the same period of 2023[14] - Net cash flow from operating activities decreased to approximately $1.45 billion from $2.99 billion year-over-year[15] - The net increase in cash and cash equivalents was approximately $272.07 million, a significant decrease from $2.08 billion last year[15] - The ending balance of cash and cash equivalents was approximately $5.22 billion, slightly down from $5.25 billion year-over-year[15] Investments and Financing - Investment cash inflow reached around $5.73 billion, up from $4.85 billion in the prior year[15] - Financing cash inflow amounted to about $10.10 billion, down from $11.64 billion year-over-year[15] - Net cash flow from financing activities increased to approximately $1.31 billion from $1.04 billion in the previous year[15] Other Information - The weighted average return on net assets decreased by 1.50 percentage points to 5.93% in the current period[3] - The company reported non-recurring gains totaling ¥17,741,562.48 for the current period[4] - Research and development expenses for the first three quarters of 2024 amounted to ¥736.94 million, an increase of 19.4% from ¥617.04 million in the same period of 2023[13] - The company has not reported any new strategies or product developments during this period[10] - The company adopted new accounting standards starting in 2024, which may impact future financial reporting[16]

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2024-094 赛轮集团股份有限公司 关于投资建设"柬埔寨贡布经济特区项目"、 调整墨西哥控股子公司注册资本及出资比例 暨对相关子公司增资的公告 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： 投资项目名称及金额：公司拟投资建设"柬埔寨贡布经济特区项目"，项 目投资总额 11,190 万美元。 调整事项：拟调整墨西哥控股子公司 STT 的注册资本及出资比例，调整后， STT 注册资本由 1.2 亿美元变为 2.4 亿美元，公司出资比例由 51%变为 75%。 增资标的名称及金额：公司拟对赛轮香港、赛轮香港拟对赛轮新加坡分别 增资 23,070 万美元，赛轮新加坡拟对贡布湾投资增资 9,190 万美元、对 STT 增 资 11,880 万美元（或等值的其他货币）。 特别风险提示： 1、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，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 ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2024-091 赛轮集团股份有限公司 第六届董事会第二十次会议决议公告 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。 本议案已经公司第六届董事会审计委员会第八次会议审议通过（同意 3 票， 反对 0 票，弃权 0 票），并同意提交公司董事会审议。 2、《2024 年前三季度利润分配方案》 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）。截至2024年10月29日，公司总股本为3,288,100,259 股，以此计算预计合计派发现金红利 493,215,038.85 元（含税），占公司 2024 年前三季度归属于上市公司股东的净利润的 15.21%。本次利润分配不送红股， 也不进行资本公积金转增股本。 具体内容详见同日在上海证券交易所网站（www.sse.com.cn）及《中国证券 报》《上海证券报》《证券日报》《证券时报》（以下简称"指定信息披露媒体"） 披露的《赛轮集团股份有限公司 2024 年前三季度利润分配方案 ...

赛轮集团股份有限公司 柬埔寨贡布经济特区项目 可行性研究报告 2024 年 10 月 | | | | 第一章 总 论 | | --- | | 1.1 项目名称与建设单位 | | 1.2 项目概况 . | | 1.3 项目编制依据 . | | 1.4 研究结论 . | | 第二章 项目建设的背景与必要性. | | 2.1 项目建设背景 . | | 2.2 项目建设必要性 | | 第三章 项目市场分析 | | 3.1 轮胎市场发展规模及趋势 | | 3.2 东南亚轮胎市场发展规模及趋势 11 | | 3.3 橡胶行业化工新材料及废旧橡胶回收处理市场分析 .. 15 | | 3.4 经济特区市场分析 . | | 第四章 建设地点及投资环境分析 21 | | 4.1 项目建设地点 . | | 4.2 自然条件 21 | | 4.3 外部配套条件 22 | | 4.4 投资环境分析 22 | | 第五章 环境影响评价. | | 5.1 环境影响评价标准 . | | 5.2 项目环境影响分析 . | | 5.3 环境保护措施 . | | --- | | 5.4 生态影响 | | 5.5 环境影响评价 . | | 第六章 ...