Group 1 - The company is currently progressing with the capacity construction of its Serbia factory as planned [2] - All equipment for both semi-steel and full-steel production lines has been largely delivered, and installation and debugging are underway [2] - The production capacity is steadily increasing, and profitability is expected to enhance as the production lines are fully operational and capacity utilization improves [2]

Investment Rating - The investment rating for the company is "Buy" [5][3]. Core Views - The company reported a revenue of 11.812 billion yuan for the first half of 2025, representing a year-on-year increase of 13.80%, while the net profit attributable to shareholders decreased by 7.66% to 854 million yuan [1][5]. - In Q2 2025, the company achieved a revenue of 6.115 billion yuan, with a year-on-year increase of 14.63% and a quarter-on-quarter increase of 7.34%. The net profit attributable to shareholders was 514 million yuan, showing a year-on-year increase of 6.11% and a quarter-on-quarter increase of 50.88% [1][5]. - The company is expanding its global footprint by investing 1.193 billion USD in a new production base in Brazil, which is expected to generate annual revenue of 1.063 billion USD and a net profit of 166 million USD upon reaching full capacity [2][3]. Summary by Sections Financial Performance - For H1 2025, the overall gross margin and net profit margin were 15.50% and 7.23%, respectively, with a year-on-year decrease of 7.23 and 1.68 percentage points [1]. - In Q2 2025, the gross margin was 16.04%, showing a year-on-year decrease of 6.02% but a quarter-on-quarter increase of 1.12% [1]. - The tire revenue in Q2 2025 was 6.085 billion yuan, with a year-on-year increase of 15.58% [1][2]. Production and Sales - The tire production in Q2 2025 was 22.8636 million units, with a year-on-year increase of 4.70% and a sales volume of 22.9766 million units, reflecting a year-on-year increase of 9.82% [2]. - The average price per tire was 264.82 yuan, with a year-on-year increase of 5.24% [2]. Future Projections - The company is projected to achieve net profits of 1.667 billion yuan, 2.148 billion yuan, and 2.752 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 13.5, 10.5, and 8.2 [3][4].

证券之星价投圈财报分析工具显示：业务评价：公司去年的ROIC为5.41%，资本回报率一般。去年的净 利率为7.94%，算上全部成本后，公司产品或服务的附加值一般。从历史年报数据统计来看，公司上市 以来中位数ROIC为8.52%，投资回报也较好，其中最惨年份2022年的ROIC为1.57%，投资回报一般。公 司历史上的财报相对一般(注：公司上市时间不满10年，上市时间越长财务均分参考意义越大。)。商业 模式：公司业绩主要依靠资本开支驱动，还需重点关注公司资本开支项目是否划算以及资本支出是否刚 性面临资金压力。需要仔细研究这类驱动力背后的实际情况。 据证券之星公开数据整理，近期玲珑轮胎(601966)发布2025年中报。截至本报告期末，公司营业总收入 118.12亿元，同比上升13.8%，归母净利润8.54亿元，同比下降7.66%。按单季度数据看，第二季度营业 总收入61.15亿元，同比上升14.63%，第二季度归母净利润5.14亿元，同比上升6.11%。本报告期玲珑轮 胎公司应收账款体量较大，当期应收账款占最新年报归母净利润比达283.22%。 本次财报公布的各项数据指标表现一般。其中，毛利率15.5%，同比减 ...

证券代码：601966 证券简称：玲珑轮胎 公告编号：2025-055 山东玲珑轮胎股份有限公司 第六届董事会第二次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 山东玲珑轮胎股份有限公司（以下简称"公司"）第六届董事会 第二次会议（以下简称"本次会议"）于 2025 年 8 月 28 日上午在公 司会议室以现场结合通讯表决方式召开。会议通知及相关资料已于 加董事 11 名，实际参加董事 11 名。本次会议的召集、召开方式符合 《中华人民共和国公司法》及《山东玲珑轮胎股份有限公司章程》的 规定。 二、董事会会议审议情况 本次会议由董事长王锋先生主持，以记名投票方式审议通过了以 下议案： 具体内容详见同日在上海证券交易所网站上披露的《山东玲珑轮 胎股份有限公司 2025 年半年度报告》以及《山东玲珑轮胎股份有限 公司 2025 年半年度报告摘要》（公告编号：2025－056） 表决结果：同意 11 票，反对、弃权都是零票。 该议案已经公司第六届董事会审计委员会第一次会议审议通过。 公司 ...

Group 1: Company Financial Data - The financial data of multiple companies in 2025 is presented, including values such as 2286.36, 2297.66, etc., along with corresponding growth rates of 4.70%, 9.82%, etc., and other related figures for different companies like those with stock codes (601966), (601058), etc. [1] Group 2: Tire Production and Sales - There are graphs showing the quarterly tire production and sales of companies like Linglong Tire, Sailun Tire, Triangle Tire, Giti Tire, General Motors Co., Ltd., Huayi Group, and Fengshen Co., Ltd. from 2021 - 2025 [2][4]

Company Overview - Linglong Tire is located in Zhaoyuan City, Shandong Province, and was established on June 6, 1994. The company was listed on July 6, 2016. Its main business involves the design, development, manufacturing, and sales of automotive tires, with tire products accounting for 98.88% of its revenue [1][2]. Financial Performance - As of June 30, 2025, Linglong Tire achieved an operating revenue of 11.81 billion yuan, representing a year-on-year growth of 13.80%. However, the net profit attributable to shareholders decreased by 7.66% to 854 million yuan [2]. - The company has distributed a total of 3.435 billion yuan in dividends since its A-share listing, with 1.146 billion yuan distributed over the past three years [3]. Stock Performance - On August 29, Linglong Tire's stock price increased by 2.06%, reaching 15.87 yuan per share, with a trading volume of 181 million yuan and a turnover rate of 0.78%. The total market capitalization is 23.226 billion yuan [1]. - Year-to-date, the stock price has declined by 11.62%, but it has seen a 2.26% increase over the last five trading days, a 3.93% increase over the last 20 days, and a 10.01% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 35.84% to 94,900, while the average number of circulating shares per person decreased by 26.38% to 15,423 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 13.8086 million shares, a decrease of 11.3812 million shares from the previous period. Meanwhile, Southern CSI 500 ETF increased its holdings by 1.3513 million shares to 10.8915 million shares [3].

格隆汇8月28日丨玲珑轮胎(601966.SH)披露半年报，公司上半年实现营业收入118.12亿元，同比增长 13.80%；归属于上市公司股东的净利润8.54亿元，同比下降7.66%；基本每股收益0.58元/股。 ...

Group 1 - Linglong Tire (SH 601966) announced the convening of its sixth second board meeting on August 28, 2025, to review the proposal regarding the company's 2025 semi-annual report and its summary [1] - For the year 2024, Linglong Tire's revenue composition shows that tire sales account for 98.88%, while other businesses contribute 1.12% [1] - As of the report date, Linglong Tire has a market capitalization of 22.8 billion yuan [1]

证券代码：601966 证券简称：玲珑轮胎 公告编号：2025-055 山东玲珑轮胎股份有限公司 第六届董事会第二次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 山东玲珑轮胎股份有限公司（以下简称"公司"）第六届董事会 第二次会议（以下简称"本次会议"）于 2025 年 8 月 28 日上午在公 司会议室以现场结合通讯表决方式召开。会议通知及相关资料已于 2025 年 8 月 18 日以电子邮件的方式向各位董事发出。本次会议应参 加董事 11 名，实际参加董事 11 名。本次会议的召集、召开方式符合 《中华人民共和国公司法》及《山东玲珑轮胎股份有限公司章程》的 规定。 二、董事会会议审议情况 本次会议由董事长王锋先生主持，以记名投票方式审议通过了以 下议案： 1、关于公司 2025 年半年度报告及其摘要的议案 具体内容详见同日在上海证券交易所网站上披露的《山东玲珑轮 胎股份有限公司 2025 年半年度报告》以及《山东玲珑轮胎股份有限 公司 2025 年半年度报告摘要》（公告编号：2 ...

证券代码：601966 证券简称：玲珑轮胎 公告编号：2025-058 山东玲珑轮胎股份有限公司 16,098.53万元，占2025年第二季度合并报表中归属于上市公司股东 的净利润的31.33%。2025年上半年公司现金红利（包含一季度已分配 的现金红利）总额26,343.05万元，占2025年半年度合并报表中归属 于上市公司股东的净利润的30.83%。除此之外，公司不进行其他形式 分配。 关于 2025 年第二季度利润分配方案的公告 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个别及连带责任。 重要内容提示： 每股分配比例：每股派发现金红利 0.11 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。 根据公司 2024 年年度股东会授权，本次利润分配方案经董 事会审议通过后即可实施。 一、利润分配方案内容 公司2025年第二季度实现营业收入611,504.83 ...