Group 1 - The company announced the convening of the fourth board meeting and the second extraordinary general meeting of shareholders in 2025 to review and approve the proposal for changing its business scope and amending governance documents [2] - The company has completed the industrial and commercial change registration and the filing of the Articles of Association, and has obtained a new business license issued by the Qingdao Market Supervision Administration [2]

关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、基本情况 青岛森麒麟轮胎股份有限公司（以下简称"公司"）于2025年8月29日召开第四届 董事会第六次会议、于2025年9月15日召开2025年第二次临时股东大会，审议通过了《关 于变更经营范围、修订<公司章程>及修订、制定部分治理制度并办理工商变更登记的 议案》。具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的相关公告。 近日，公司已办理完成工商变更登记及《公司章程》备案手续，并取得了由青岛 市市场监督管理局换发的《营业执照》，变更后的相关登记信息如下： 统一社会信用代码：91370282667873459U | | | 青岛森麒麟轮胎股份有限公司 名称：青岛森麒麟轮胎股份有限公司 类型：股份有限公司（上市、自然人投资或控股） 法定代表人：秦龙 经营范围：一般项目：轮胎制造；轮胎销售；橡胶制品销售；高品质合成橡胶销 售；新材料技术研发；化工产品销售（不含许可类化工产品）；汽车零部件研发；民 用航空材料销售；货物进出口；技术进出口；技术服务、技 ...

Group 1 - The company indicated that the U.S. market is one of its main export markets [1]

Group 1 - The company has received environmental assessment approval from the Spanish government for its project in Spain [1] - Currently, the company is working on the pre-approval procedures for construction permits and advancing the approval of some basic supporting facilities [1]

Group 1 - The company, Senqilin, has announced its capability to produce various specifications of aviation tires suitable for large aircraft, including Boeing and Airbus models, as well as regional jets [1] - The company has entered the supplier list of relevant aircraft manufacturers and has signed cooperation and research agreements to develop aviation tires [1] - The company has commenced supply of aviation tires and is steadily advancing customer development in the aviation tire application field [1]

北京德恒律师事务所 关于青岛森麒麟轮胎股份有限公司 2025 年第二次临时股东大会的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于青岛森麒麟轮胎股份有限公司 2025 年第二次临时股东大会的法律意见 北京德恒律师事务所 关于青岛森麒麟轮胎股份有限公司 2025 年第二次临时股东大会的 法律意见 德恒 02G20230185-00014 号 致：青岛森麒麟轮胎股份有限公司 青岛森麒麟轮胎股份有限公司（以下简称"公司"）2025 年第二次临时股 东大会（以下简称"本次会议"）于 2025 年 9 月 15 日（星期一）召开。北京德 恒律师事务所（以下简称"本所"）受公司委托，指派谢显清律师、胡宝月律师 （以下简称"本所经办律师"）出席了本次会议。根据《中华人民共和国证券法》 （以下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《青岛 森麒麟轮胎股份有限公司章程》（以下简称"《公司章程》"）的规定，本所经 ...

证券代码：002984 证券简称：森麒麟 公告编号：2025-050 债券代码：127050 债券简称：麒麟转债 青岛森麒麟轮胎股份有限公司 2025年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更前次股东大会决议。 通过深圳证券交易所交易系统进行网络投票的具体时间为2025年9月15日9:15 －9:25，9:30－11:30和13:00－15:00。 通过深圳证券交易所互联网投票系统(http://wltp.cninfo.com.cn)进行网络 投票的具体时间为2025年9月15日9:15至15:00期间的任意时间。 2、现场会议召开地点：山东省青岛市即墨区大信街道天山三路5号公司会议 室。 3、会议召开方式：本次会议采取现场表决与网络投票相结合的方式。 4、会议召集人：公司董事会 5、会议主持人：董事长秦龙先生 6、本次会议的召集、召开和表决程序符合《公司法》等法律法规、规范性文 一、会议召开和出席情况 1、召开时间 （1）现场会议时间：2025年 ...

Core Viewpoint - The report highlights significant target price increases for several companies from September 8 to September 14, indicating strong bullish sentiment from brokers towards these stocks [1][2]. Group 1: Target Price Increases - Aima Technology, Boss Electric, and Dong'e Ejiao saw target price increases of 90.44%, 78.46%, and 71.84% respectively, ranking them at the top of the list [1][2]. - Other notable companies with significant target price increases include Taiji Co. (65.65%), Aikodi (63.53%), and Kebo Da (62.59%) [2]. Group 2: Broker Recommendations - A total of 840 listed companies received broker recommendations during the same period, with Tongkun Co. receiving the highest number of recommendations at 8 [3]. - Other companies with multiple recommendations include Saisir (6 recommendations) and Senqilin (5 recommendations) [3]. Group 3: Rating Adjustments - During the period, 21 companies had their ratings upgraded, including Chipuan Co. from "Hold" to "Buy" by Guotou Securities [4]. - Other upgrades include Zaiseng Technology and Zhongmu Co., both raised to "Buy" from "Hold" by their respective brokers [4]. Group 4: Rating Downgrades - A total of 19 companies experienced rating downgrades, with Shanghai Hanxun's rating lowered from "Buy" to "Hold" by Shanxi Securities [5]. - Other notable downgrades include Huali Group and Shengke Communication, both downgraded from "Buy" to "Hold" [5]. Group 5: First Coverage - Brokers issued 109 instances of first coverage, with Ice Wheel Environment and Lingxiao Pump Industry receiving "Hold" ratings from their respective brokers [6]. - Other companies like Guomai Culture and Mindray Medical received "Buy" ratings, indicating positive initial outlooks [6].

Investment Rating - The report maintains a "Positive" rating for the chemical industry [6][12]. Core Insights - The macroeconomic judgment indicates that non-OPEC countries are expected to lead an increase in oil production, with a significant overall supply growth anticipated. Global GDP growth is projected to remain at 2.8%, with stable oil demand, although the growth rate may slow due to tariff policies [6][7]. - The expectation of a Federal Reserve interest rate cut is likely to boost demand during the peak season of September and October. Additionally, the leakage incident of GFL R32 in India may enhance China's export opportunities [6][12]. - The report highlights the ongoing investigation into anti-dumping practices against imported semiconductor chips from the U.S., which may benefit domestic semiconductor materials [6][12]. Summary by Sections Macroeconomic Analysis - Oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable despite potential slowdowns due to tariffs. Geopolitical factors, including U.S.-China tariff relief and the Russia-Ukraine situation, are influencing oil prices [6][7]. - Coal prices are anticipated to stabilize at a low level, and natural gas export facilities in the U.S. may accelerate, leading to lower import costs [6][7]. Chemical Sector Configuration - The report suggests a strategic focus on four areas: textile and apparel chain, agricultural chemicals, export chain, and sectors benefiting from "de-involution" policies. Specific companies are recommended for investment based on their market positions and growth potential [6][12]. Key Material Focus - Emphasis is placed on the importance of self-sufficiency in key materials, particularly in semiconductor and panel materials, with specific companies highlighted for their potential in these sectors [6][12]. Price Trends - Recent data indicates fluctuations in various chemical prices, with PTA prices down by 0.3% and MEG down by 2.0%. The report notes that the overall industrial product PPI has shown a year-on-year decline of 2.9% [12][13][16]. Company Valuations - A detailed valuation table is provided, showcasing various companies in the agricultural chemicals and chemical sectors, with ratings ranging from "Buy" to "Increase" based on their market performance and projected earnings [20].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's tire production and sales volume have declined, leading to a short-term pressure on net profit attributable to shareholders in the first half of 2025 [2][3] - The company achieved revenue of 4.119 billion yuan in the first half of 2025, a year-on-year increase of 0.24% [2] - The company is expanding its Moroccan project, which is expected to contribute significantly to future growth [8] Summary by Sections Financial Performance - In the first half of 2025, the company reported a net profit attributable to shareholders of 672 million yuan, a decrease of 37.64% year-on-year [3] - The sales expense ratio was 1.69%, an increase of 0.20 percentage points year-on-year; the management expense ratio was 2.43%, up 0.25 percentage points year-on-year [3] - The net cash flow from operating activities was 26 million yuan, down 96.30% year-on-year, primarily due to increased raw material procurement costs related to the Moroccan project [3] Production and Sales - In the first half of 2025, the company produced 15.5695 million tires, a decrease of 3.21% year-on-year, with sales of 14.8703 million tires, down 1.5% year-on-year [2] - The average tire price was 276.56 yuan per tire, an increase of 1.70% year-on-year [2] - In Q2 2025, the company achieved revenue of 2.063 billion yuan, a year-on-year increase of 3.45% [3] Market Position and Strategy - The company has established a global production capacity "golden triangle" in China, Thailand, and Morocco, enhancing its international competitiveness [8] - The company aims to establish eight smart manufacturing bases, three R&D centers, and three user experience centers over the next decade as part of its "833plus" strategy [8] - The company has entered the supply chains of major international automotive brands, enhancing its brand value [8] Future Outlook - The company is expected to achieve revenues of 10.366 billion yuan, 12.131 billion yuan, and 12.956 billion yuan in 2025, 2026, and 2027, respectively [10] - The projected net profits for the same years are 1.815 billion yuan, 2.313 billion yuan, and 2.746 billion yuan, with corresponding P/E ratios of 11, 9, and 7 [10][11]