玲珑轮胎：截至2025年11月末，塞尔维亚玲珑半钢和全钢产能爬坡分别达到实际规划产能的75%和50%

Core Viewpoint - The company has provided updates on its Serbian production capacity and future plans, indicating progress towards achieving full production capacity and addressing investor inquiries regarding profitability and market conditions [2]. Group 1: Production Capacity - As of now, the Serbian facility has completed the setup of 12 million semi-steel and 2.4 million full-steel tire production lines, with ongoing system integration and debugging for additional production lines [2]. - The company expects to achieve full production capacity in the first half of next year [2]. - By the end of November 2025, the Serbian facility's semi-steel and full-steel production capacity is projected to reach 75% and 50% of the planned capacity, respectively [2]. Group 2: Profitability and Market Conditions - The company advises stakeholders to monitor the upcoming 2025 annual report for specific details on profitability from the Serbian operations [2]. - The Hong Kong stock project is currently under review by the China Securities Regulatory Commission, with management considering market conditions and investor feedback for future developments [2].