Group 1 - The core point of the announcement is that Guizhou Tire Co., Ltd. has received a notice from its controlling shareholder, Guiyang Industrial Investment Co., Ltd., regarding the release of part of its pledged shares [1] - The specific details of the release include that 21,830,000 shares, which account for 6.41% of the shares held by the shareholder and 1.40% of the total company shares, were released from pledge [1] - The release of the pledged shares occurred on July 17, 2024, with the shares originally pledged on July 17, 2025 [1] Group 2 - As of the date of the announcement, the cumulative pledged shares held by Guiyang Industrial Investment Co., Ltd. are detailed, indicating the total number of pledged and unpledged shares [1] - The company will continue to monitor any changes related to the pledged shares and will fulfill its information disclosure obligations in accordance with relevant laws and regulations [1]

Core Viewpoint - Guizhou Tyre Co., Ltd. has decided to postpone the expected operational date of its "Annual Production of 380,000 All-Steel Engineering Radial Tire Intelligent Manufacturing Project" from July 30, 2025, to March 31, 2026, due to the complexity of product specifications and the need for thorough testing and validation of equipment performance [1][3][4] Fundraising Overview - The company has issued 18,000,000 convertible bonds with a face value of RMB 100 each, raising a total of RMB 1,800,000,000, with a net amount of RMB 1,787,304,244.76 after expenses [1] - The funds are managed in dedicated accounts at various banks, ensuring compliance with regulatory requirements [2] Fund Usage Status - The original project of "Annual Production of 3 Million High-Performance All-Steel Radial Tires" was terminated due to feasibility changes, and the funds were redirected to the "Annual Production of 380,000 All-Steel Engineering Radial Tire Intelligent Manufacturing Project" [2] - As of June 30, 2025, the cumulative investment in the new project is RMB 140,944,030 out of a total commitment of RMB 180,000,000 [2] Reasons for Postponement - The postponement is attributed to the large product specification range and the lengthy development and validation cycles required for new products, necessitating a cautious approach to funding and project quality [3][4] Impact of Postponement - The delay does not affect the project's implementation subject, location, investment purpose, or total committed investment amount, and is not expected to significantly impact the company's current operations [4][5] Approval Process - The board of directors has approved the postponement, adhering to necessary approval procedures and regulatory compliance [5]

国信证券股份有限公司 关于贵州轮胎股份有限公司 部分募投项目延期的核查意见 国信证券股份有限公司（以下简称"国信证券"、"保荐机构"）作为贵州轮胎股 份有限公司（以下简称"贵州轮胎"、"公司"）公开发行可转换公司债的保荐机构， 根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》《深圳证 券交易所上市公司自律监管指引第13号——保荐业务》《深圳证券交易所上市公 司自律监管指引第1号——主板上市公司规范运作》等相关法律、法规和规范性文 件的规定，对贵州轮胎部分募投项目延期事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准贵州轮胎股份有限公司公开发行可转 换公司债券的批复》（证监许可[2022]665号）核准，公司公开发行可转换公司债 券 18,000,000 张 ， 每 张 面 值 为 人 民 币 100.00 元 ， 募 集 资 金 总 额 为 人 民 币 1,800,000,000.00元，扣除各项发行费用人民币12,695,755.24元（不含增值税金额） 后，实际募集资金净额为人民币1,787,304,244.76元。上述资金已于2022年4月28 日全 ...

贵州轮胎股份有限公司 关于控股股东部分股份解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 公司近日收到控股股东贵阳市工业投资有限公司（以下简称"贵阳工投"） 函告，获悉其所持有本公司的部分股份解除质押，具体事项如下： | 一、本次解除质押基本情况 | | --- | | 股东 | 是否为控股 股东或第一 | 本次解除质 押股份数量 | 占其所持 股份比例 | 占公司总 股本比例 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 一致行动人 | （股） | | | | | | | 贵阳市 | | | | | | | 兴业证 | | 工业投 | 是 | 21,830,000 | 6.41% | 1.40% | 2024/07 | 2025/07/ | 券股份 | | 资有限 | | | | | /17 | 17 | 有限公 | | 公司 | | | | | | | 司 | 证券代码：000589 证券简称：贵州轮胎 公告编号：202 ...

Investment Rating - The report maintains a positive outlook on the chemical industry, with specific buy and hold recommendations for various companies [2][20]. Core Insights - The report highlights the closure of Dow's organic silicon production capacity in Barry, UK, which is expected to increase domestic export demand and support the upstream industrial silicon costs, indicating a potential reversal in the organic silicon industry [4][5]. - The demand for high-end AI PCBs is projected to surge due to the continuous growth in computing power requirements, driven by GPU, ASIC, and 800G switch technologies [4]. - The report notes that the recent tariff announcements from the US on imports from Southeast Asia are lower than expected, stabilizing pessimistic market sentiments [4]. Industry Dynamics - The macroeconomic outlook for the chemical industry indicates a significant increase in oil supply led by non-OPEC countries, with a stable global GDP growth rate of 2.8% [5]. - The report mentions that coal prices are expected to decline in the medium to long term, alleviating pressure on downstream sectors [5]. - Natural gas exports from the US are anticipated to accelerate, potentially lowering import costs [5]. Company Recommendations - Companies to watch in the organic silicon sector include Dongyue Silicon Materials, Xin'an Chemical, and Xingfa Group [4]. - In the PCB sector, recommended companies include Shengquan Group, Dongcai Technology, Lianrui New Materials, Yake Technology, Tiancheng Technology, and Jiuri New Materials [4]. - For traditional cyclical stocks, the report suggests focusing on leading companies in various segments such as Wanhu Chemical, Hualu Hengsheng, and Baofeng Energy [4]. Price Trends - The report provides specific price movements for various chemical products, such as PTA prices decreasing by 2.8% to 4715 RMB/ton, while MEG prices increased by 0.7% to 4409 RMB/ton [11]. - Urea prices rose by 2.9% to 1800 RMB/ton, while phosphate prices remained stable [12]. - The report notes that the price of DMC increased by 1.9% to 11000 RMB/ton, indicating a recovery in the organic silicon market [15].

Group 1 - The company received a notification from its controlling shareholder, Guiyang Industrial Investment Co., Ltd., regarding the renewal and supplementary pledge of its shares, which does not involve new financing [2][3] - The pledged shares include 340,690,000 shares, accounting for 45.5% of the total pledged shares, and 152,400,000 shares are newly pledged [3] - The total pledged shares represent 4.76% of the company's total share capital, while the unpledged shares account for 1.04% [2][3] Group 2 - Guiyang Industrial Investment Co., Ltd. has a good financial status and repayment capability, and the share pledge will not lead to significant changes in the company's equity structure [4] - In case of any risk of forced liquidation, Guiyang Industrial Investment will take measures such as early repayment, supplementary pledges, or early repurchase of pledged shares [4]

证券代码：000589 证券简称：贵州轮胎 公告编号：2025-040 贵州轮胎股份有限公司 关于控股股东部分股份续质押及补充质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 公司近日接到控股股东贵阳市工业投资有限公司（以下简称"贵阳工投"） 函告，获悉其所持有本公司的部分股份办理了续质押及补充质押，本次质押不涉 及新增融资。具体事项如下： 一、股东股份质押及续期基本情况 | 股东 | 是否为控 股股东或 | 本次质 | 占其所 | 占公司 | 是否 | 是否 | 质押 | 原质 | 本次续 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 持股份 | 总股本 | | 为补 | | | 期后质 | 质权 | | | 名称 | 第一大股 | 押数量 | 比例 | 比例 | 为限 | 充质 | 起始 | 押到 | | 人 | 用途 | | | 东及其一 | （股） | | | 售股 | | 日 | 期日 | 押到期 | | ...

Group 1: Management and Strategy - The continuity of the executive team is based on the company's strategic considerations, ensuring decision-making consistency and orderly development of company strategies [1] - The company aims to enhance its comprehensive competitiveness through internationalization, intelligence, greenness, and high-end development [3] Group 2: Production Capacity and Technological Development - The company is advancing the construction of the third phase of its Vietnam project, targeting an annual production capacity of 6 million semi-steel tires, with sales expected to start in Q1 2026 [2] - A dedicated PCR (Passenger Car Radial) R&D team has been established, collaborating with specialized technology institutions to enhance product development [2] Group 3: Operational Efficiency and Recognition - The company has been recognized as a "Lighthouse Factory," marking it as the first in China's tire industry, which underscores its achievements in smart and digital transformation [2] - Continuous investment in digital transformation has positively impacted product quality and labor productivity [2] Group 4: Market Performance and Sales Strategy - In 2024, overseas sales are projected to account for 41.11% of total revenue, with the Vietnam base generating approximately 1.789 billion yuan in revenue and a net profit of about 232 million yuan [4] - The company has established a comprehensive service system to enhance customer service capabilities and improve brand image [3][4]

贵州轮胎股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、根据《公司法》的规定，公司通过回购专户持有的本公司 6,089,400 股 股份，不享有参与利润分配的权利。 2、考虑到公司回购专用证券账户上的股份不参与 2024 年度利润分配，公 司本次实际现金分红的总金额=实际参与现金分红的股本×分配比例，即 201,317,870.52 元=1,548,599,004 股×1.30 元÷10 股。 因公司回购账户股份不参与分红，本次权益分派实施后，根据股票市值不 变原则，实施权益分派前后公司总股本保持不变，现金分红总额分摊到每一股的 比例将减小，因此本次权益分派实施后除权除息价格计算时，按总股本折算每股 现金红利=实际现金分红总额÷总股本，即 201,317,870.52 元÷1,554,688,404 股=0.1294908 元/股。 综上，在保证本次权益分派方案不变的前提下，2024 年度权益分派实施后 的除权除息价格按照上述原则及计算方式执行，即本次权益分派实施后的除权除 息价格=股权登记日收盘价 ...

Group 1 - The controlling shareholder of Guizhou Tire Co., Ltd., Guiyang Industrial Investment Co., Ltd., has completed its shareholding increase plan, demonstrating confidence in the long-term development of the Chinese economy and the company's future stability and value [2][3] - The increase plan involved a total investment of approximately RMB 99.99 million, acquiring 22,105,315 shares, which represents 1.42% of the company's total share capital [2][8] - The increase was executed through the Shenzhen Stock Exchange trading system, without a set price range, based on the reasonable judgment of the company's stock value [4][5] Group 2 - The increase plan was announced on May 12, 2025, with a commitment to invest between RMB 50 million and RMB 100 million within six months [2][4] - The funding for the increase was sourced from a combination of self-owned funds and loans, with a loan limit of up to RMB 90 million from Industrial Bank Co., Ltd. [5][6] - The controlling shareholder committed to not reduce its shareholding during the implementation period of the increase plan [6]