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质押展期手续，具体事项如下： 一、股东股份质押展期基本情况 1、本次股份质押展期基本情况 | | 是否为控 股股东或 | 本次质 | 占其所 | 占公司 | | 是否 | 质押 | 原质 | 变更 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | | 押展期 | 持股份 | 总股本 | 是否为 | 为补 | | | 后质 | | 质押 | | | 第一大股 | | | | | | 起始 | 押到 | | 质权人 | | | 名称 | 东及其一 | 数量 | 比例 | 比例 | 限售股 | 充质 | 日 | 期日 | 押到 | | 用途 | | | | （股） | （%） | （%） | | 押 | | | 期日 | | | | | 致行动人 | | | | | | | | | | | ...

证券代码：000589 证券简称：贵州轮胎 公告编号：2024-083 贵州轮胎股份有限公司 关于召开 2024 年第二次临时股东大会的提示性公告 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。 贵州轮胎股份有限公司（以下简称"公司"）于2024年8月31日在《证券时 报》《中国证券报》《上海证券报》及巨潮资讯网上发布了《关于召开2024年第 二次临时股东大会的通知》，定于2024年9月18日以现场表决与网络投票相结合的 方式召开2024年第二次临时股东大会。 为保护投资者的合法权益，提醒各位股东及时参会并行使表决权，现将本次 股东大会相关事宜再次公告如下： 一、召开会议的基本情况 1、股东大会届次：2024 年第二次临时股东大会。 2、股东大会的召集人：公司董事会。 2024 年 8 月 29 日，公司召开第八届董事会第三十次会议，审议通过了《关于 提请召开 2024 年第二次临时股东大会的议案》。 3、会议召开的合法、合规性：本次股东大会系根据公司第八届董事会第三十 次会议决议召开，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。 ...

Investment Rating - The report maintains an "Outperform" rating for Guizhou Tire, indicating a positive outlook for the company's stock performance relative to the market [5][6]. Core Insights - Guizhou Tire's revenue for the first half of 2024 reached 5.174 billion yuan, a year-on-year increase of 16.5%, while the net profit attributable to shareholders was 427 million yuan, up 25.7% year-on-year [5][6]. - The company's production and sales of tires continued to grow, supported by increased capacity from its Vietnam factory, which saw a significant rise in both production and sales [6][7]. - The report highlights the impact of rising raw material costs and shipping expenses on the company's gross margin, which slightly declined to 19.65% [6][7]. Financial Performance Summary - For the first half of 2024, Guizhou Tire achieved a tire production volume of approximately 4.7942 million units (YoY +18.8%) and sales of 4.7175 million units (YoY +19.8%) [6]. - The Vietnam factory produced 1.026 million tires (YoY +121%) and generated revenue of 882 million yuan (YoY +97%) [6]. - The company's net profit margin improved to 8.29%, reflecting effective cost control despite rising costs [6][7]. Future Projections - The report projects a downward adjustment in profit forecasts for 2024-2026, estimating net profits of approximately 910 million, 1.08 billion, and 1.27 billion yuan respectively [7]. - The expected price-to-earnings ratios for these years are approximately 7, 6, and 5 times [7]. Market Context - The domestic all-steel tire market is experiencing a slowdown in replacement demand due to infrastructure and logistics sector impacts, while overseas demand continues to grow [6][7]. - The report notes that the competitive landscape for non-road products has intensified, which may affect future profitability [6][7].

Investment Rating - Strong Buy (Maintained) with a target price of 6.72 CNY [1] Core Views - The company's performance in H1 2024 met expectations, with revenue reaching 5.174 billion CNY, a YoY increase of 16.51%, and net profit attributable to shareholders of 427 million CNY, a YoY increase of 25.67% [1] - The release of production capacity at the Vietnam base drove steady growth in production and sales, with tire production and sales reaching 4.7942 million and 4.7175 million units respectively, a YoY increase of 18.81% and 19.75% [1] - Overseas revenue grew significantly, reaching 2.109 billion CNY, a YoY increase of 41.32%, supported by the Vietnam base [1] - The company's product structure continues to optimize, with innovations in non-road tires and plans to invest 228 million USD in Vietnam to build a 6 million unit semi-steel tire capacity, further enhancing global competitiveness [2] Financial Performance - In H1 2024, the company achieved a gross margin of 19.65% and a net profit margin of 8.29%, with Q2 gross margin and net profit margin at 19.19% and 8.05% respectively, showing a slight decline due to rising raw material and shipping costs [1] - Domestic and overseas gross margins were 15.90% and 23.96% respectively, with overseas margins declining more significantly due to shipping costs [1] - The company's revenue and net profit forecasts for 2024-2026 were adjusted to 8.73/11.40/14.56 billion CNY, with corresponding P/E ratios of 8.2x/6.2x/4.9x [2] Product and Market Strategy - The company has optimized its product portfolio, including the successful launch of 57-inch giant tires and the development of new wide-body dump truck tires, enhancing its market competitiveness [2] - The Vietnam base's semi-steel tire production is expected to fill the company's product gap and expand market space, further consolidating its global competitiveness [2] Financial Forecasts - Revenue is expected to grow from 11.071 billion CNY in 2024 to 14.310 billion CNY in 2026, with a CAGR of 12.9% [6] - Net profit attributable to shareholders is forecasted to grow from 873 million CNY in 2024 to 1.456 billion CNY in 2026, with a CAGR of 27.7% [6] - The company's gross margin is expected to recover to 22.1% by 2026, with ROE improving to 14.6% [6]

贵州轮胎股份有限公司 第八届董事会第三十次会议决议公告 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。 贵州轮胎股份有限公司（以下简称"公司"）关于召开第八届董事会第三十 次会议的通知于 2024 年 8月 19 日以专人送达、电子邮件等方式向各位董事发出， 会议于 2024 年 8 月 29 日上午在公司办公楼三楼会议室召开。会议应出席的董事 9 人，实际出席的董事 9 人（其中董事刘献栋先生和独立董事杨大贺先生以通讯 方式参会及表决），全体监事和其他高级管理人员列席会议，符合《公司法》及 有关法规和《公司章程》的规定。 会议由董事长黄舸舸先生主持，与会董事对各项议案进行了充分审议，形成 如下决议： 一、以 9 票同意、0 票反对、0 票弃权审议通过了《2024 年半年度报告》（具 体内容详见巨潮资讯网）。 本报告经公司董事会审计委员会前置审议通过。 证券代码：000589 证券简称：贵州轮胎 公告编号：2024-075 本议案经公司董事会审计委员会前置审议通过。保荐机构国信证券股份有限 公司发表了无异议的核查意见。 1 四、以 9 票同意、0 票反对、0 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 5,174,434,236.21, representing a 16.51% increase compared to CNY 4,441,335,962.65 in the same period last year[10]. - Net profit attributable to shareholders was CNY 426,702,098.91, up 25.67% from CNY 339,549,833.46 year-on-year[10]. - The basic earnings per share increased to CNY 0.33, reflecting a 10.00% growth compared to CNY 0.30 in the previous year[10]. - The total assets at the end of the reporting period were CNY 18,235,029,325.75, a 3.16% increase from CNY 17,675,947,549.05 at the end of the previous year[10]. - The net assets attributable to shareholders rose to CNY 8,568,483,272.65, marking a 20.88% increase from CNY 7,088,502,088.92 year-on-year[10]. - The diluted earnings per share increased to CNY 0.28, which is a 27.27% rise from CNY 0.22 in the previous year[10]. - The weighted average return on equity was 5.50%, slightly up from 5.15% in the same period last year[10]. - The company reported a total revenue of 2,729.22 million CNY from related party transactions, accounting for 25.62% of similar transaction amounts[76]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -186,198,425.86, a significant decrease of 169.60% compared to CNY 267,536,723.52 in the same period last year[10]. - The company’s investment activities generated a net cash flow of -¥395,155,288.75, an improvement of 45.41% from -¥723,872,606.46 in the previous year[27]. - Cash and cash equivalents at the end of the reporting period amounted to ¥3,049,330,278.18, accounting for 16.72% of total assets, a decrease of 2.69% from the previous year[32]. - The total investment during the reporting period was ¥518,021,557.05, a decrease of 37.47% compared to ¥828,385,121.62 in the same period last year[37]. - The company has invested ¥215,640,771.72 in the annual production of 380,000 all-steel radial tire intelligent manufacturing project, with a cumulative investment of ¥1,291,768,057.66[39]. Market and Sales Performance - The company achieved a tire production of 4.7942 million units, an increase of 18.81% year-on-year[18]. - The company completed sales of 4.7175 million units, reflecting a growth of 19.75% compared to the previous year[18]. - The company ranked 25th in the global tire industry in 2024, improving by 5 positions from the previous year[14]. - The company’s overseas sales revenue increased by 41.32% year-on-year, supported by enhanced capacity in its Vietnam operations[18]. - The total production of tires in China for the first half of 2024 was 525.92 million units, a year-on-year increase of 10.5%[17]. Research and Development - The company invested ¥159,950,717.92 in research and development, reflecting a 9.00% increase from ¥146,739,403.71 in the previous year[27]. - The company has developed 219 patents, including 17 invention patents, and has participated in the formulation of 39 national standards and 5 industry standards in the last three years[19]. - The company is focusing on optimizing sales channels and increasing R&D investment to enhance product competitiveness amid rising raw material costs[18]. Environmental and Social Responsibility - The company is committed to sustainable development, having received multiple honors for its green initiatives, including being recognized as a "National Green Factory" and a "Green Supply Chain Management Enterprise" in 2023[21]. - The company has implemented measures to reduce carbon emissions, including accelerating product structure adjustments and new project construction, leading to significant improvements in production efficiency compared to traditional factories[67]. - The company has engaged in social responsibility initiatives, including supporting rural revitalization efforts in Shidong Village, improving safety conditions in local production facilities[69]. Financial Position and Liabilities - The total liabilities decreased to CNY 9,298,173,542.73 from CNY 10,405,481,997.42, indicating a reduction of approximately 10.6%[115]. - Owner's equity increased to CNY 8.62 billion, up from CNY 7.14 billion, indicating a growth of approximately 20.7%[110]. - Short-term borrowings rose significantly to CNY 2.00 billion, compared to CNY 1.39 billion, marking an increase of approximately 44.3%[110]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,438, with a significant shareholder, Guiyang Industrial Investment Co., Ltd., holding 20.48%[97]. - The company plans to release 1 million shares from the restricted stock incentive plan in March 2025, 2026, and 2027, with specific amounts for each year[96]. - The company has completed the registration of 22.125 million restricted stocks under the 2019 incentive plan, with 427 eligible participants for the third unlock period[59]. Risk Factors - The company faces significant market competition risks, particularly from international giants like Michelin and Bridgestone, which maintain high market shares[52]. - Raw material price fluctuations pose a risk, as key materials like rubber and carbon black significantly impact production costs[52]. - The company is expanding its investment in Vietnam to enhance its international market presence, which introduces operational risks due to differing local regulations[52].

会议由监事会主席周业俊先生主持，通过审议表决，形成如下决议： 一、以 3 票同意、0 票反对、0 票弃权审核通过了《2024 年半年度报告》（具 体内容详见巨潮资讯网）。 经审核，监事会认为董事会编制和审议公司 2024 年半年度报告的程序符合 法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 二、以 3 票同意、0 票反对、0 票弃权审核通过了《2024 年半年度募集资金 存放与使用情况的专项报告》（具体内容详见《证券时报》《中国证券报》《上海 证券报》和巨潮资讯网披露的《2024 年半年度募集资金存放与使用情况的专项 报告》）。 经审核，监事会认为报告期内，公司募集资金的存放与使用符合中国证监会、 深圳证券交易所关于上市公司募集资金存放和使用的相关规定，募集资金的实际 使用符合募集资金投资项目的需要，不存在募集资金存放和使用违规的情形，报 告如实反映了公司 2024 年半年度募集资金存放与使用情况。 证券代码：000589 证券简称：贵州轮胎 公告编号：2024-076 贵州轮胎股份有限公司 第八届监事会第二十一次会议决议公告 ...

证券代码：000589 证券简称：贵州轮胎 公告编号：2024-081 贵州轮胎股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：2024 年第二次临时股东大会。 3、会议召开的合法、合规性：本次股东大会系根据公司第八届董事会第三十 次会议决议召开，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。 4、会议召开的日期、时间： （1）现场会议时间：2024 年 9 月 18 日下午 2:30。 （2）网络投票时间：2024 年 9 月 18 日。其中通过深交所交易系统进行网络 投票的具体时间为 2024 年 9 月 18 日上午 9:15～9:25、9:30～11:30，下午 1:00～ 3:00；通过深交所互联网投票系统进行网络投票的具体时间为 2024 年 9 月 18 日上 午 9:15 至下午 3:00 期间的任意时间。 5、会议的召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 公司将通过深交所交易系统和互联网投 ...

关于控股股东承诺延长不减持公司股份期限的公告 证券代码：000589 证券简称：贵州轮胎 公告编号：2024-074 贵州轮胎股份有限公司 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。 贵州轮胎股份有限公司（以下简称"贵州轮胎"或"公司"）于 2024 年 8 月 2 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"）发来的《关 于延长不减持股份期限的承诺函》，现将相关情况公告如下： 一、承诺主体基本情况 | 股东名称 | 持股数量 | 持股比例 | | --- | --- | --- | | 贵阳市工业投资有限公司 | 318,591,025 股 | 20.48% | 自 2024 年 8 月 30 日起十二个月内（即 2024 年 8 月 30 日起至 2025 年 8 月 29 日止）不以任何方式减持所持有的贵州轮胎股份，包括承诺期间该部分股份 因资本公积转增、派送股票红利、配股等事项产生的新增股份。若违反上述承诺， 则减持股份所得全部收益归贵州轮胎所有。 公司董事会将督促控股股东严格遵守承诺，并按照《公司法》《证券法》以 及中国证监会、深圳 ...

证券代码：000589 证券简称：贵州轮胎 编号：20240801 ☑ 特定对象调研 □ 分析师会议 投资者关系活 □ 媒体采访 □ 业绩说明会 动类别 □ 新闻发布会 □ 路演活动 ☑ 现场参观 □ 其他 活动参与人员 华创证券：郑轶；苏银理财：王淼、张艺；长城财富：赵达 华夏基金：曹雅媞；西南证券：李站；高毅资产：廉迪 公司总经理：王鹍 公司副总经理、董事会秘书：蒋大坤 时间 2024 年 8 月 1 日 地点 公司三楼会议室 形式 线下交流 投资者参观公司现场后，在会议室与公司总经理和董事会秘书 进行了面对面的交流。 1、目前越南一期、二期整体产能利用率如何？扎佐四期项目一 阶段目前产能如何？ 答：目前越南前两期项目整体产能利用率达到 90%以上。扎佐四 交流内容及具 期一阶段项目产量也在稳步提升，现场精益管理水平、劳动效率以 体问答记录 及人均产出不断提高。公司将紧盯市场需求和发展，不断夯实产品、 服务、成本竞争力，用优质的产品支撑公司长期高质量发展。 2、请介绍公司炭黑工厂二期项目进展？一期、二期炭黑项目满 产后能满足公司目前炭黑需求量吗？ 答：炭黑二期年产 5 万吨项目已于今年 5 月中旬开始试生 ...