证券代码：603049 证券简称：中策橡胶 公告编号：2026-005 中策橡胶集团股份有限公司 关于开展外汇衍生品套期保值业务的公告 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： 交易主要情况 | 交易目的 | □获取投资收益 | | --- | --- | | | ☑套期保值（合约类别：□商品；☑外汇；□其他：________） □其他：________ | | 交易品种 | 远期结售汇、人民币和其他外汇的掉期业务、外汇买卖、利 率互换、利率掉期等 | | 交易金额 | 预计任一交易日持有的最高合约 80,000万美元 | | | 价值 | | 资金来源 | □借贷资金 □其他：___ ☑自有资金 | | 交易期限 | 自公司股东会审议通过之日起12个月 | 已履行及拟履行的审议程序：公司于 2026 年 3 月 13 日召开第二届董 事会第十四次会议，审议通过了《关于开展外汇衍生品套期保值业务的议案》， 该议案尚需提交公司股东会审议通过。 特别风险提示：公司进行的外汇衍生品套期保值业务遵循合法、审慎、 ...

证券代码：603049 证券简称：中策橡胶 公告编号：2026-001 中策橡胶集团股份有限公司 关于"提质增效重回报"专项行动方案的公告 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法律责任。 为深入贯彻党的二十大和中央金融工作会议精神，落实国务院《关于进一步 提高上市公司质量的意见》的要求，积极响应上海证券交易所《关于开展沪市公 司"提质增效重回报"专项行动的倡议》，进一步提高公司发展质量，维护全体 股东权益，公司拟制定《"提质增效重回报"行动方案》，主要举措如下： 未来，公司将借助杭州人工智能相关产业链相对集中的区位优势，大力发展 人工智能在轮胎产品研发、制造全链条的应用，利用AI大模型、具身智能提高产 品研发、生产安排、成品检测、物料运输等各环节效率，坚持科技创新与产业创 新深度融合，加快发展新质生产力。 同时，公司将持续进行工艺优化和设备升级改造，以自研的电硫化机等新型 轮胎制造设备为抓手，结合各类智能化和自动化解决方案，推进轮胎制造工艺的 迭代提升，在提高生产效率、降低能源耗用的同时下进一步提升产品性能，引领 全行业轮胎工 ...

证券代码：603049 证券简称：中策橡胶 公告编号：2026-004 中策橡胶集团股份有限公司 关于开展原材料期货套期保值业务的公告 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： 交易主要情况 | | □获取投资收益 | | --- | --- | | 交易目的 | ☑套期保值（合约类别：☑商品；□外汇；□其他：________） □其他：________ | | 交易品种 | 天然橡胶、合成橡胶等与公司生产经营有关的期货品种 | | 交易金额 | 预计动用的交易保证金和权利金 60,000.00 上限（单位：万元） | | 资金来源 | ☑自有资金 □借贷资金 □其他：___ | | 交易期限 | 自公司股东会审议通过起12个月 | 已履行及拟履行的审议程序：公司于 2026 年 3 月 13 日召开第二届董 事会第十四次会议，审议通过了《关于开展原材料期货套期保值业务的议案》， 该议案尚需提交公司股东会审议通过。 特别风险提示：公司开展原材料期货套期保值业务可以有效规避原材 料价格波动风险，降低其对公司 ...

证券代码：603049 证券简称：中策橡胶 公告编号：2026-003 中策橡胶集团股份有限公司 关于使用部分闲置募集资金及自有资金进行现金管 理的公告 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： 投资产品类型：结构性存款、大额存单等安全性高、流动性好、风险低、 且投资期限最长不超过 12 个月的保本型理财产品。 委托理财额度：不超过人民币 6 亿元的闲置募集资金和不超过人民币 10 亿元的闲置自有资金（均为单日最高余额，含本数）。在上述额度范围内，资金 可以滚动使用。 履行的审议程序：中策橡胶集团股份有限公司（以下简称"公司"或"中 策橡胶"）于 2026 年 3 月 13 日召开第二届董事会第十四次会议，审议通过了《关 于使用部分闲置募集资金及自有资金进行现金管理的议案》，该议案尚需提交公 司股东会审议。 特别风险提示：虽然公司及子公司所购买的理财产品都经过严格的评估， 但金融市场受宏观经济的影响较大，不排除理财产品的投资收益受到市场波动的 影响，提醒广大投资者注意投资风险。 公司于 2026 年 3 ...

证券代码：603049 证券简称：中策橡胶 公告编号：2026-006 中策橡胶集团股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2026年第一次临时股东会 召开的日期时间：2026 年 3 月 30 日 14 点 00 分 召开地点：浙江省杭州市钱塘区一号大街一号中策橡胶集团股份有限公司 A802 股东会召开日期：2026年3月30日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投 ...

中策橡胶集团股份有限公司 第二届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 中策橡胶集团股份有限公司（以下简称"公司"或"中策橡胶"）于 2026 年 3 月 13 日在公司会议室召开第二届董事会第十四次会议。本次会议的会议通 知已于 2026 年 3 月 3 日通过邮件、电话等形式发出，本次会议采取现场结合通 讯方式召开，由董事长沈金荣先生主持，本次会议应到董事 14 名，实到 14 名。 本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》 的有关规定，会议决议合法有效。经与会董事认真审议，形成以下决议： 二、董事会会议审议情况 1、审议及通过了《关于制定"提质增效重回报"专项行动方案的议案》 证券代码：603049 证券简称：中策橡胶 公告编号：2026-007 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）上发布的《中 策橡胶集团股份有限公司关于"提质增效重回报"专项行动方案的公告》（公告 编号：2026-001）。 表决 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - The company is positioned as a domestic leader with over 60 years of experience, expanding overseas and achieving breakthroughs in high-end tire supply, which opens up growth potential [26][29] - The company is expected to benefit from a stable domestic market, accelerated overseas production, and breakthroughs in high-end supply, leading to significant growth in revenue and profit [12][29] Financial Performance - Revenue is projected to grow from 35,252 million yuan in 2023 to 56,699 million yuan in 2027, with a compound annual growth rate (CAGR) of 11% [4] - Net profit is expected to increase from 2,638 million yuan in 2023 to 5,990 million yuan in 2027, reflecting a CAGR of 17% [4] - Earnings per share (EPS) is forecasted to rise from 3.35 yuan in 2023 to 5.85 yuan in 2026 [4] Market Position and Strategy - The company maintains a strong market position with a nearly 100% domestic operating rate, achieving higher profit margins than competitors by 3-5% [6] - The company is leveraging its management advantages and latecomer benefits to accelerate overseas expansion, particularly in Southeast Asia [6][11] - The company is leading in high-end electric vehicle tire supply, benefiting from years of domestic market cultivation [6][12] Industry Trends - The tire industry is experiencing a shift towards high-end supply and overseas expansion, with the company expected to capitalize on these trends starting in 2026 [7][19] - The domestic market for self-owned tire companies has reached a 45% share, with significant potential for replacing foreign brands [51] - The company is well-positioned to benefit from the increasing demand for high-performance tires as global automotive manufacturers seek cost reductions [13][19]

Group 1 - The company is advancing its projects, with the second phase of its Indonesia project expected to commence production, while the Thailand factory continues to increase output and the Mexico factory is steadily progressing to optimize the global supply chain structure. These initiatives aim to enhance overseas capacity, address trade barriers, and expand profit margins [1] - The tire demand may benefit from structural opportunities due to the increasing penetration of electric vehicles and supportive industry policies, particularly in the high-performance and low rolling resistance tire segments. Policy trends may indirectly impact industry demand [1] Group 2 - The company is continuously investing in green tire technology and expanding production at domestic bases such as Jintan and Tianjin, with future capacity releases expected to drive revenue growth [2] - Changes in shareholder structure, including a decrease in the number of shareholders and an increase in share concentration, may also become a long-term focus [2]

Group 1 - The core viewpoint of the news is that Zhongce Rubber experienced a slight increase in stock price and reported significant financing activities on February 12, 2025, with a net financing outflow of 736.01 million yuan [1] - On February 12, Zhongce Rubber's financing buy amounted to 5.97 million yuan, while the financing repayment was 13.33 million yuan, resulting in a total financing balance of 223 million yuan, which represents 4.65% of its market capitalization [1] - As of September 30, 2025, Zhongce Rubber achieved a revenue of 33.68 billion yuan, reflecting a year-on-year growth of 14.98%, and a net profit attributable to shareholders of 3.51 billion yuan, with a growth of 9.30% [1] Group 2 - As of September 30, 2025, the number of shareholders in Zhongce Rubber was 38,300, a decrease of 46.47% from the previous period, while the average circulating shares per person increased by 86.82% to 2,217 shares [1] - The company has distributed a total of 1.14 billion yuan in dividends since its A-share listing [1] - Among the top ten circulating shareholders, XQ Trend Investment Mixed Fund (LOF) is the seventh largest shareholder, having newly acquired 856,200 shares [2]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2]. Core Insights - The company is a leading tire manufacturer with a global presence, benefiting from the trend towards new energy vehicles, which is expected to enhance its growth prospects [5]. - The company has established a global production capacity system, with significant expansions in both domestic and Southeast Asian facilities, aiming to optimize its global capacity structure [6][8]. - The demand for tires is expected to remain stable, driven by the recovery in global automotive sales and the increasing production and sales of new energy vehicles in China [7]. Company Overview - The latest closing price is 54.82 yuan, with a total market capitalization of 479 billion yuan and a total share capital of 8.74 billion shares [4]. - The company has a debt-to-asset ratio of 61.0% and a price-to-earnings ratio of 11.40 [4]. Financial Projections - The company is projected to achieve a net profit attributable to shareholders of 4.208 billion yuan in 2025, with earnings per share (EPS) expected to be 4.81 yuan [8]. - Revenue is forecasted to grow steadily, with an estimated increase from 39.255 billion yuan in 2024 to 56.835 billion yuan in 2027, reflecting a compound annual growth rate [10]. Market Position - The company holds the largest market share in China, with a 13.4% share in 2024, and ranks among the top ten tire manufacturers globally [16][68]. - The company has established a strong brand presence, with its "Chaoyang" brand recognized as a famous Chinese trademark [68]. Global Expansion Strategy - The company has strategically expanded its production capacity in Southeast Asia to mitigate trade barriers, with ongoing projects in Thailand, Indonesia, and Mexico [6][50]. - The establishment of a factory in Mexico is expected to enhance the company's ability to supply the U.S. market directly, further strengthening its competitive position [50][53]. Industry Trends - The global tire market is projected to grow steadily, with replacement demand accounting for a significant portion of total tire consumption [29]. - The increasing number of vehicles globally, particularly in China, is expected to drive tire replacement demand, benefiting the company [31][63].