在新股中策橡胶新股即将上市的前夕，那些幸运中签的股民们显然心情轻松，并没有因为担心上市首日就"破发"而辗转反侧。毕竟，在过去一年多的时间 里，A股市场仿佛给新股披上了一层"金钟罩"——无论行情如何起伏，鲜有新股在第一天就跌破发行价。这种"铁律"在投资者心中早已根深蒂固，甚至成了 某种心照不宣的"信仰"。 于是乎，中签的股民们更关心的，不是股价会不会跌，而是这一份"中签大礼包"到底有多厚。是小赚一笔还是意外惊喜？他们就像开奖前的彩民，心跳加速 地等待着开盘铃声的响起，期待账户余额那一串数字带来一抹红艳艳的喜悦。对他们来说，中签就像抽中了"稳赚不赔"的好戏，剩下的只是收获多少的问 题。 果不其然，中策橡胶上市首日不负众望，开盘价定格在57元，较发行价46.50元高出22.58%。虽然这一涨幅在近期新股中并不算抢眼，但对于中签的股民来 说，依旧是稳稳的"红包到手"。不少人心里盘算着：这只是一个开始，或许稍等片刻，股价还会再上一个台阶，卖出时机当然要挑个"高点"。 然而，现实却给这些等待更高价位的股民泼了一盆冷水——谁也没料到，这个57元的开盘价，竟然就是中策橡胶当天的"巅峰时刻"。随后股价一路震荡下 行，到收盘时只 ...

Core Viewpoint - C Zhongce (603049) experienced a first-day increase of 6.84% with a turnover rate of 61.51%, resulting in a transaction volume of 2.707 billion yuan [2] Group 1: Company Overview - The company specializes in the research, production, and sales of various tire products, including full steel tires, semi-steel tires, and bias tires [3] - On its first trading day, the stock saw a net inflow of 431 million yuan from major funds, with large orders contributing 256 million yuan and extra-large orders contributing 174 million yuan [3] Group 2: Financing and Trading Details - The stock's first-day financing purchase amounted to 154 million yuan, accounting for 5.69% of the total trading volume, with a latest financing balance of 135 million yuan, representing 3.20% of the circulating market value [2][3] - The top five trading departments on the stock's first day had a combined transaction volume of 530 million yuan, with a net sell of 177 million yuan, where five institutional special seats accounted for a net sell of 354 million yuan [3]

Group 1 - Zhongce Rubber Group Co., Ltd. officially listed on the Shanghai Stock Exchange on June 5, 2023, with a market value approaching 50 billion yuan, marking the largest IPO in the A-share market this year [2] - The company issued 87.44 million new shares at a price of 46.5 yuan per share, raising approximately 4.06 billion yuan in net funds, which will primarily be used for high-performance tire production projects [2] - Zhongce Rubber has a history dating back to 1958, evolving from producing rubber shoes to becoming a major player in the tire industry, with brands like Chaoyang and others under its umbrella [3] Group 2 - The company sells 200 million tires annually and ranks among the top 10 global tire manufacturers, providing tire products to major automotive manufacturers such as FAW Jiefang, BAIC Foton, and BYD [4] - Zhongce Rubber has established six R&D centers and 12 manufacturing bases globally, with an annual R&D investment exceeding 1.3 billion yuan, and has created an industrial internet platform to enhance production efficiency [4] - The successful listing of Zhongce Rubber reflects the growth of enterprises in Hangzhou, with local initiatives aimed at promoting quality company listings and facilitating a positive cycle between enterprises, capital, and industry [4]

| 名称 | 涨跌幅 | 龙虎榜净买 | 净买额占 | 换手率 | | --- | --- | --- | --- | --- | | | | 额(万元) | 总成交比 | | | 四方精创 | 10.74% | -51253 | 8.52% | 40.25% | | 中科金财 | 3.79% | -23467 | 6.13% | 41.05% | | 中策橡胶 | 6.84% | -17700 | 6.54% | 61.51% | | 菜细通灵 | -9.97% | -11233 | 11.34% | 23.34% | | 锡装股份 | -10% | -7688 | 25.44% | 29.26% | | 润本股份 | -9.82% | -4540 | 13.02% | 8.58% | | 翠微股份 | 10.01% | -4374 | 1.81% | 28.22% | | 合兴股份 | -5.75% | -4362 | 5.67% | 8.2% | | 启迪环境 | -9.5% | -4101 | 6% | 21.21% | | 锦涨集团 | 9.66% | 3944 | 3.44% | 25.59% | ...

作者丨高飞 1 历久弥新，老字号展现新活力 中策橡胶在轮胎行业中堪称中流砥柱，其发展脉络承载着深厚的历史积淀，公司的前身可追溯至 1958 年创立的杭州海潮橡胶厂。自诞生之初，中策橡胶便锚定目标，矢志不渝地为全球消费者打造高品质、 高性能且兼具环保节能特性的多元化轮胎产品。历经岁月淬炼，如今的中策橡胶已发展成为国内外市场 中销售规模名列前茅的轮胎制造巨头。 在中国橡胶工业协会发布的 "2024 年度中国轮胎企业排行榜" 中，中策橡胶位列榜首，彰显了其在国内 轮胎行业的龙头地位。同时，名列美国《轮胎商业》杂志《2024 全球年度轮胎报告》评选的全球轮胎 制造企业前十强，也是其国际竞争力的有力证明。 近年来，中策橡胶在发展道路上不断突破创新，凭借技术创新、结构优化、智能制造、品牌提升和国际 化发展等多维度战略，持续提升在全球行业的排名与知名度。公司品牌矩阵强大，"朝阳""好运""威 狮""全诺""雅度""金冠""WEST LAKE""GOODRIDE""CHAO YANG""TRAZANO" 等众多品牌，不仅在 国内市场家喻户晓，在国际舞台上也颇具知名度。其中，"朝阳" 商标更是凭借卓越品质，被国家工商 总局认定 ...

值得一提的是，途虎养车与朝阳轮胎自2019年就达成战略合作，双方围绕中国车主需求和不同路况特 点，共同推出多款轮胎产品，并在品牌共建、渠道共享、营销互动、技术培训等多方面展开深度合作， 持续优化出行体验。 耐用安全升级，公牛轮胎性能突破边界 中策橡胶产品涵盖乘用轿车、卡车、客车、工程车等多个领域，多年来凭借技术革新、智能制造与全球 化布局，在2024年跻身全球轮胎企业前十强，并连续多年稳居中国轮胎企业排行榜榜首。其研发的天玑 乘用车胎系统，整合了8大核心技术能力与12项关键技术，推动轮胎性能突破边界。公牛轮胎融合天玑 平台技术，实现了耐用等性能的全面提升。 具体来看，公牛轮胎GTRcomfort采用德国纳米材料及法国Rhodia高性能白炭黑高品质橡胶配方、多层 高强度科技型胎体构造，可以均匀分散行驶中的压力与摩擦力，大幅增强轮胎整体耐磨性。胎侧部分的 高强度双层帘布设计，可抵御路基、坑洼等意外撞击，结合中央肋条花纹与高排水导流沟槽，湿地制动 性能显著提升，为复杂路况下的行车安全提供安心保障。 6月5日，国内轮胎行业领军企业中策橡胶正式挂牌上市，发展迈入全新阶段。中策橡胶旗下拥有朝阳、 好运、威狮、全诺等知名品 ...

Group 1 - Zhongce Rubber, a leading company in the domestic tire industry, has been listed on the Shanghai Stock Exchange, marking a new phase in its development [1] - The company owns well-known brands such as Chaoyang, Haoyun, Weishi, and Quannuo, and has recently launched a new mid-to-high-end tire brand, Bull Tire, in collaboration with Tuhu Car Maintenance [1] - The first passenger car tire product from Bull Tire, GTRcomfort, focuses on durability, safety protection, and noise reduction, aiming to redefine the quality standards for household tires [1][2] Group 2 - Zhongce Rubber's products cover various fields including passenger cars, trucks, buses, and engineering vehicles, and it aims to rank among the top ten global tire companies by 2024 [2] - The GTRcomfort tire utilizes advanced materials and technology, including German nano materials and high-performance rubber formulations, enhancing overall durability and performance [2] - The design of GTRcomfort includes features that improve wet braking performance and reduce cabin noise, catering to family users' needs for comfort and quietness during long trips [2]

Core Viewpoint - Zhongce Rubber Group Co., Ltd. (stock code: 603049.SH) was listed on the Shanghai Stock Exchange, opening at 57.00 CNY and closing at 49.68 CNY, with a trading volume of 2.707 billion CNY and a market capitalization of 43.444 billion CNY [1]. Company Overview - Zhongce Rubber primarily engages in the research, production, and sales of various tire products, including full steel tires, semi-steel tires, and bias tires [2]. - The controlling shareholder, Zhongce Haichao, held 41.08% of the shares before the issuance and 36.97% after, maintaining its status as the controlling shareholder [2]. Financial Performance - The company reported revenues of 31.89 billion CNY, 35.25 billion CNY, and 39.25 billion CNY for the years 2022, 2023, and 2024, respectively, with net profits of 1.224 billion CNY, 2.638 billion CNY, and 3.787 billion CNY during the same period [6][8]. - For the first quarter of 2025, Zhongce Rubber achieved revenues of 1.064 billion CNY and net profits of 115.16 million CNY [9]. Fundraising and Projects - The company issued 87,448,560 shares at a price of 46.50 CNY per share, raising a total of 406.64 million CNY, with a net amount of 393.27 million CNY after expenses [4]. - The funds will be allocated to several projects, including a high-performance tire green 5G digital factory and a production line for full steel radial tires [5]. Future Projections - For the first half of 2025, the company expects revenues between 2.0 billion CNY and 2.14 billion CNY, representing a year-on-year growth of 8.00% to 15.56%, while net profits are projected to decline by 24.79% to 13.38% [10]. Dividend Distribution - Zhongce Rubber has distributed a total of 1.4 billion CNY in dividends from 2022 to 2024, with a proposed distribution of approximately 1.137 billion CNY following its IPO [11].

Group 1 - Zhongce Rubber Group Co., Ltd. successfully listed on the Shanghai Stock Exchange on June 5, 2023, with a closing price of 50.65 CNY per share, an increase of 8.92% from the issue price of 46.5 CNY, resulting in a market capitalization of 44.293 billion CNY [2][9] - The company is part of the "Juxing System," which includes four listed companies with a combined market value exceeding 100 billion CNY as of June 5, 2023 [6][30] - Zhongce Rubber, established in 1992, is recognized as the leader in China's tire industry, producing various types of tires for major domestic automotive manufacturers [6][15] Group 2 - The controlling shareholder of Zhongce Rubber is Qiu Jianping, who, along with his daughter Qiu Fei, holds 46.95% of the company's shares through Juxing Holding Group [4][29] - The company has a significant reliance on distributors, with nearly 80% of its revenue generated from this channel, and 74 distributors have become indirect shareholders through a debt-to-equity swap [16][17] - Financial performance from 2021 to 2024 shows steady growth, with revenues increasing from 306.01 billion CNY to 392.5 billion CNY, and net profits rising from 13.75 billion CNY to 37.9 billion CNY [15][22] Group 3 - The company's main products, steel radial tires and semi-steel tires, account for nearly 80% of its revenue, with semi-steel tires becoming a new growth driver due to the rise of electric vehicles [13][15] - Zhongce Rubber's financial structure has raised concerns, with a high debt ratio, which was 65.83% at the end of 2019, and has remained above 60% in subsequent years [22][23] - The company has engaged in complex capital operations, including the conversion of distributor debts into equity, which has been characterized as "visible equity, hidden debt" [22][25]

Core Viewpoint - Zhongce Rubber Group Co., Ltd. has officially listed on the Shanghai Stock Exchange, marking a significant milestone for the Chinese tire industry as it aims to enhance its global competitiveness through capital market leverage [1] Group 1: Company Overview - Zhongce Rubber was established in 1992 and specializes in the research, production, and sales of various tire products, having developed several well-known brands such as "Westlake" and "Trazano" [2] - The company has formed partnerships with major automotive manufacturers like FAW Jiefang and BYD, establishing a comprehensive product matrix that includes all-steel tires, semi-steel tires, and bias tires [2] Group 2: Financial Performance - The company reported steady revenue growth from 2022 to 2024, with revenues of 31.889 billion yuan, 35.252 billion yuan, and 39.255 billion yuan, respectively, and net profits of 1.225 billion yuan, 2.638 billion yuan, and 3.787 billion yuan [1] Group 3: Strategic Initiatives - The funds raised from the IPO will be primarily allocated to projects such as a high-performance tire digital factory and the enhancement of the high-end green tire manufacturing industry chain [2] - Zhongce Rubber is focusing on improving core product capacity and advancing a green high-end strategy to optimize its product matrix and strengthen its market position [2] Group 4: Technological Innovation - The company is committed to building competitive barriers through technological innovation, collaborating with universities and research institutions to develop high-tech products [4] - Zhongce Rubber's R&D expenditures from 2022 to 2024 are projected to be 1.256 billion yuan, 1.401 billion yuan, and 1.473 billion yuan, indicating a consistent increase in investment [4] Group 5: Sustainability Efforts - The company is advancing green production practices to support societal carbon neutrality goals, implementing energy-efficient processes and utilizing environmentally friendly raw materials [5] - Zhongce Rubber's initiatives include low-temperature mixing and heat recovery from vulcanization exhaust, which help reduce production costs and promote resource recycling [5]