玲珑轮胎：公司巴西基地目前仍在规划设计过程中

Core Viewpoint - Linglong Tire is currently in the planning and design phase for its Brazil base, which will utilize a partnership model with local distributors to reduce capital investment pressure [1] Group 1: Overseas Expansion Strategy - The company is accelerating the examination of potential sites for a fourth overseas base, with Africa being a key focus due to its emerging consumer market and advantages in raw materials and labor costs [1] - The ongoing international trade friction and global economic slowdown are expected to create more overseas market opportunities for Chinese tires, which offer high cost-performance advantages [1] - The company aims to enhance its market competitiveness, brand influence, and risk resistance through an increased focus on overseas operations, which will contribute to the continuous improvement and growth of overall performance [1] Group 2: Financial Strategy - The company plans to utilize various financial tools to optimize its debt structure and reduce financial costs, supporting the timely implementation of its development plans based on macroeconomic and market conditions [1] - The phased construction principle for the Brazil base will significantly alleviate the company's capital investment pressure at each stage [1] Group 3: Production Capacity Update - As of now, the Serbia Linglong facility has completed the installation of production lines for 12 million semi-steel and 2.4 million all-steel tires, and is currently undergoing system integration and debugging for additional production lines [1]