| Rank | Rank | | Country of | Brand value | Brand value | Brand value | | --- | --- | --- | --- | --- | --- | --- | | 2025 | 2024 | Brand | operation | 2025 | % change | 2024 | | 1 | 1 | Michelin | France | $8.763.3 | 11% | 57.874.2 | | 2 | 2 | Bridgestone | Japan | $8,253.0 | 85% | $7,620.7 | | 3 | 3 | Continental | Germany | $3.904.3 | -165% | $4.660.0 | | 4 | पे | Goodyear ** | U.S. | $2,266.8 | 145% | $1.993.7 | | 5 | 5 | Dunloo *** | U.S. / Japan | 61.956.9 | -15% | $1.984.9 | | B | 6 | Pirelli | Ital ...

Group 1 - The article highlights a growing trend of older women, particularly those over 55, engaging in self-driving travel, marking a shift in traditional travel demographics [1][9][10] - The self-driving market in China has historically been male-dominated, with two-thirds of the 480 million license holders being men [5][4] - The narrative emphasizes the empowerment of women like Chen Yumei, who, after learning to drive, embark on their first self-driving journeys, exploring new landscapes and experiences [10][11][12] Group 2 - The article discusses the challenges faced by these new female drivers, including traffic congestion and physical fatigue during long trips, which can disrupt travel plans [18][21][23] - It also addresses the importance of vehicle maintenance, particularly tire performance, in ensuring safety and comfort during self-driving adventures [25][26][32] - The introduction of innovative tire technology, such as the "liquid gold" tires, is presented as a solution to common issues faced by self-driving travelers, enhancing safety and fuel efficiency [27][32][34]

01 事件概述 ► 液体黄金性能优异，助力公司品牌力提升 液体黄金轮胎应用国际首创化学炼胶技术，降低轮胎滚动阻力，提升抗湿滑和耐磨性能，成功解决了困扰轮胎行业多年的"魔鬼三角"问题，已经过国际权威机构西班牙 IDIADA、史密斯实验室、中国橡胶工业协会等多项权威机构的测试和认证。此外平均1条液体黄金卡客车胎、轿车胎可分别降低能耗4%、3%以上，新能源轿车可提高续 航5%-10%。 03 投资建议 披露2024年报及2025一季报：2024年营收318.0亿元，同比+22.4%，归母净利40.6亿元，同比+31.4%，扣非归母净利39.9亿元，同比+26.9%。2025Q1营收84.1亿元，同比 +15.3%/环比+2.9%；归母净利10.4亿元，同比+0.4%/环比+26.8%；扣非归母净利10.1亿元，同比-0.7%/环比+16.3%。 02 分析判断 ► 2025Q1业绩稳健增长 高盈利水平持续 收入端： 公司2024Q4营收同比+17.3%/环比-3.5%，2025Q1营收同比+15.3%/环比+2.3%，收入的同比高增主要系新产能持续投放，展望2025年印尼及柬埔寨产能会陆续 达到量供状态。 利润端： ...

赛轮轮胎（601058.SH）系列点评四 2025Q1 业绩符合预期 全球化+液体黄金共振 2025 年 04 月 29 日 ➢ 2025Q1 业绩稳健增长 高盈利水平持续。收入端：公司 2024Q4 营收同比 +17.3%/环比-3.5%，2025Q1 营收同比+15.3%/环比+2.3%，收入的同比高增 主要系新产能持续投放，展望 2025 年印尼及柬埔寨产能会陆续达到量供状态。 利润端：2024Q4 归母净利同比-23.2%/环比-25.0%，主要系原材料当季度同比 +21.7%/环比+7.6%，2025Q1 原材料成本同比+4.5%/环比+7.9%继续提升， 但公司通过与原材料企业签订战略合作、长约等形式控制采购成本，同时进一步 提升费用端精益化管理，跟踪 2025Q1 公司净利率 12.4%，仍然维持高位。 公司 2024Q4 毛利率 25.3%，同比-8.3pct/环比-2.4pct，2025Q1 毛利率 24.7%， 同比-3.0pct/环比-0.5pct，变化主要系原材料成本同环比提升所致。费用方面， 2024Q4 销售/管理/研发/财务费用率分别同比-1.9pct/-0.7pct/+0.2p ...