据招股书介绍，中策橡胶旗下拥有"朝阳"、"威狮"、"好运"、"金冠"等一系列知名轮胎品牌，其中"朝 阳"品牌诞生于1966年，并于2004年评为"中国驰名商标"，是我国知名度最高的本土轮胎品牌之一。 5月23日，有一只新股可申购，为沪市主板的中策橡胶（603049）（603049.SH）。该公司主要从事全 钢胎、半钢胎、斜交胎和车胎等轮胎产品的研发、生产和销售，是我国销售规模最大的轮胎制造企业之 一。 | 打新早知道 | | | 南财快讯 | | --- | --- | --- | --- | | 今日申购 | | | | | 603049.SH 中策橡胶 | | | | | 发行价(元/股) | 机构报价(元/股) | 市值(亿元) | 所属行业 | | 46.50 | 47 | 366.00 | 轮胎制造 | | 发行市盈率 | 行业市盈率 | 可比公司 | 可比公司动态市盈率 | | 12.24 | 22.83 | 玲珑轮胎 | 13.08 | | | | 親親願 | 9.61 | | | | 量轮轮胎 | 10.28 | | 业绩情况 | | | | | 450.0 | | | 140% | | 40 ...

据招股书介绍，中策橡胶旗下拥有"朝阳"、"威狮"、"好运"、"金冠"等一系列知名轮胎品牌，其中"朝 阳"品牌诞生于1966年，并于2004年评为"中国驰名商标"，是我国知名度最高的本土轮胎品牌之一。 同时，依托完善的境内外营销网络体系，公司旗下轮胎产品覆盖了全国大部分省市，进入到一汽解放、 北汽福田、上汽通用、东风日产、吉利汽车、长安汽车、长城汽车、比亚迪汽车等多家知名整车厂商供 应链，并远销欧洲、北美洲、非洲、东南亚以及中东等多个国家和地区。 5月23日，有一只新股可申购，为沪市主板的中策橡胶（603049.SH）。该公司主要从事全钢胎、半钢 胎、斜交胎和车胎等轮胎产品的研发、生产和销售，是我国销售规模最大的轮胎制造企业之一。 | 打新早知道 | | | 南财快讯 | | --- | --- | --- | --- | | 今日申购 | | | | | 603049.SH 中策橡胶 | | | | | 发行价(元/股) | 机构报价(元/股) | 市值(亿元) | 所属行业 | | 46.50 | 47 | 366.00 | 轮胎制造 | | 发行市盈率 | 行业市盈率 | 可比公司 | 可比公司动态市盈率 ...

路演嘉宾合影 ——中策橡胶集团股份有限公司首次公开发行股票并在主板上市网上投资者交流会精彩回放 出席嘉宾 中策橡胶集团股份有限公司董事长沈金荣先生 中策橡胶集团股份有限公司财务总监徐利达先生 中策橡胶集团股份有限公司董事会秘书沈昊昱先生 中信建投证券股份有限公司保荐代表人周伟先生 中信建投证券股份有限公司保荐代表人楼黎航先生 中策橡胶集团股份有限公司 董事长沈金荣先生致辞 尊敬的各位嘉宾、各位投资者，朋友们： 大家好！ 非常高兴有机会通过网络平台，就中策橡胶集团股份有限公司首次公开发行股票并在主板上市进行即时 的交流。首先，我谨代表公司董事会、管理层以及全体员工，向长期关心、支持中策橡胶的各位投资者 和各界朋友表示衷心的感谢！并向参加今天网上交流的朋友们表示诚挚的欢迎。 天道酬勤，商道酬信。中策橡胶立业当代，主要从事全钢胎、半钢胎、斜交胎和车胎等轮胎产品的研 发、生产和销售。公司自成立以来致力于为国内外消费者提供高质量、高性能、绿色节能的多样化轮胎 产品，是国内外销售规模最大的轮胎制造企业之一。近年来，公司始终坚持技术创新、结构优化、智能 制造、品牌提升和国际化发展，全球行业排名和知名度不断提升。公司拥有"朝 ...

2025年5月21日，欧盟委员会发布公告称，应the Coalition Against Unfair Tyre Imports于2025年4月7日提 出的申请，对原产于中国的新乘用车和轻型卡车充气橡胶轮胎(New Pneumatic Tyres,of rubber,of a kind used onmotor cars,buses or lorries with a load index not exceeding121)发起反倾销调查。涉案产品为用于载 重指数不超过121的机动车(包括旅行车和赛车)、公共汽车或卡车的新乘用车和轻型卡车充气橡胶轮 胎。涉案产品的欧盟CN(Combined Nomenclature)编码为40111000和40112010。本案倾销调查期为2024 年1月1日至2024年12月31日，损害调查期为2021年1月1日至倾销调查期结束。本案初裁预计将于7个月 内作出，最长不超过8个月。(中国贸易救济信息网) ...

证券代码：000589 证券简称：贵州轮胎 公告编号：2025-035 贵州轮胎股份有限公司 关于 2022 年限制性股票激励计划部分限制性股票 回购注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 占回购注销前公司总股本1,555,255,604股的0.04%。因主动辞职、个人原因失去 激励资格、个人绩效考核和综合评价不完全达标或不达标的激励对象所涉限制性 股票的回购价格为2.42元/股；因组织安排工作调动与公司解除劳动关系的激励 对象所涉限制性股票的回购价格为2.42元/股加上以中国人民银行公布的同期存 款利率计算的利息。 限制性股票回购注销事项已于 2025 年 5 月 20 日办理完成。本次回购注销完成 后，公司总股本由 1,555,255,604 股减少至 1,554,688,404 股。 贵州轮胎股份有限公司（以下简称"公司"）于 2025 年 2 月 26 日召开第八 届董事会第三十二次会议和第八届监事会第二十三次会议，2025 年 3 月 14 日召 开 2025 年第一次临时股东大会，审议通过了《关于回购注销 202 ...

在展会特设的"新能源与智能科技专区"，集中展示中国企业在电动汽车电池、自动驾驶技术、轻量化材 料等领域突破性成果，彰显了中国智造的创新能力及产业链供应链全球竞争力。依托山东港口西亚地区 海外仓的属地化管理优势，中国企业可快速响应中东及非洲市场需求，实现"展仓联动"的一站式服务。 新能源与智能科技专区屡屡吸引参展观众的目光，不少采购商实地体验后达成订单，新能源汽车及零部 件意向成交额达3000万美元，成为展会成交新增长点。行业分析显示，中国新能源汽车出口量占全球市 场份额已突破35%，其技术优势与阿联酋"2050绿色经济战略"形成深度协同效应。 在展会特设的"新能源与智能科技专区"，集中展示中国企业在电动汽车电池、自动驾驶技术、轻量化材 料等领域突破性成果，彰显了中国智造的创新能力及产业链供应链全球竞争力。依托山东港口西亚地区 海外仓的属地化管理优势，中国企业可快速响应中东及非洲市场需求，实现"展仓联动"的一站式服务。 新能源与智能科技专区屡屡吸引参展观众的目光，不少采购商实地体验后达成订单，新能源汽车及零部 件意向成交额达3000万美元，成为展会成交新增长点。行业分析显示，中国新能源汽车出口量占全球市 场份额 ...

Core Viewpoint - Zhongce Rubber Group Co., Ltd. (Zhongce Rubber) successfully passed its IPO review on February 13, with the registration approval granted on February 28, and the subscription date set for May 23. The company is one of the largest tire manufacturers in China and abroad, with a diverse range of well-known brands [1][3]. Company Overview - Zhongce Rubber primarily engages in the research, production, and sales of various tire products, including all-steel tires, semi-steel tires, and bias tires. The company holds multiple domestic and international brands such as "Chaoyang," "Haoyun," and "Westlake" [1]. - The actual controllers of Zhongce Rubber, Qiu Jianping and Qiu Fei, hold a combined shareholding of approximately 47%, raising concerns about potential improper control [1][6]. Shareholding Structure - The company was established in June 1992 as a joint venture and transitioned to a joint-stock company in October 2021. The top four shareholders are Zhongce Haichao, Hangzhou Shiji, Hangzhou Jintou, and Tongcheng New Materials, with shareholding ratios of 41.08%, 25%, 15%, and 8.92%, respectively [3][6]. - The actual controllers, Qiu Jianping and Qiu Fei, control 46.95% of the shares, with Qiu Jianping also holding significant positions in other companies [3][6]. Financial Performance - Zhongce Rubber's revenue has shown steady growth, with figures of 318.89 billion, 352.52 billion, and 392.55 billion from 2022 to 2024. The net profit for the same period was 12.25 billion, 26.38 billion, and 37.87 billion, respectively [18]. - The company has maintained a high level of accounts receivable and inventory, with accounts receivable reaching 60.35 billion by 2024, reflecting a growth rate of 28.78%, which outpaces revenue growth [19][21]. IPO Fundraising and Project Allocation - The IPO aims to raise 48.5 billion, with funds allocated for several projects, including a high-performance tire digital factory and production line upgrades. The largest allocation is 17 billion for the digital factory project [9][10]. - The company has canceled a previously planned 28.5 billion for supplementary working capital, indicating a shift in financial strategy [9][13]. Dividend Policy - Zhongce Rubber has distributed a total of 28 billion in dividends over four years, with the actual controllers benefiting significantly from this distribution [14][16]. - Despite the substantial dividends, the company faces short-term debt pressures, with short-term borrowings and non-current liabilities totaling 85.2 billion, exceeding its cash reserves [15][16]. Research and Development - The company's R&D expenses have shown a declining trend, with rates of 3.94%, 3.97%, and 3.75% over the past three years, although still above the industry average [23][24]. - In contrast, sales expenses have been higher than the industry average, indicating a significant investment in marketing and sales efforts [23][24].

基础化工 行业周报（20250512-0518） 同步大市-A(维持) 成本与宏观变化推动涤纶大涨，长期看好全球化布局的轮胎企业 2025 年 5 月 20 日 行业研究/行业周报 基础化工行业近一年市场表现 投资要点 资料来源：最闻 锦湖轮胎光州工厂火灾，预计对韩国轮胎供应造成一定程度的负面影 响。锦湖轮胎在 2024 年度全球 75 强轮胎企业中排名第 13 名，是韩国第二大 轮胎企业。据韩联社报道，5 月 17 日上午 7 点 11 分左右，韩国轮胎制造商 锦湖轮胎位于光州的工厂发生火灾，迫使该工厂停止生产，该工厂有大约 20 吨生橡胶，消防人员表示，可能需要几天时间才能完全扑灭大火。锦湖轮胎 光州工厂作为其在韩国的三大生产基地之一（另两家为谷城工厂、平泽工厂）， 是公司本土核心制造中心，预计对韩国轮胎供应造成一定程度的负面影响。 首选股票 评级 002984.SZ 森麒麟 买入-A 601058.SH 赛轮轮胎 买入-B 601966.SH 玲珑轮胎 增持-B 相关报告： 【山证化学原料】风电光伏累计装机首超火电，西格里碳素关闭 Lavradio 碳钎维基地-新材料周报（250505-0509） 20 ...

Investment Rating - The report maintains an investment rating of "Synchronize with the market - A" for the basic chemical industry [1] Core Views - The report highlights that cost and macroeconomic changes have driven a significant increase in polyester prices, with a long-term positive outlook for tire companies with global layouts [1][3] - The fire at the Kumho Tire factory in Gwangju is expected to negatively impact tire supply in South Korea [2][26] - The U.S. tire import dependency is projected to reach 68.8% in 2024, indicating a substantial supply gap that is unlikely to be filled in the short to medium term [5][27] Summary by Sections Chemical Market - The chemical market is experiencing dual boosts from cost and macroeconomic factors, with viscose and polyester leading in price increases, rising by 8.72% and 8.63% respectively [12][17] - The manufacturing PMI for April 2025 is reported at 49, a decrease of 1.5 percentage points month-on-month, while the PPI has decreased by 2.4% year-on-year [12][20] Tire Sector - The Kumho Tire factory fire has halted production and is expected to affect the supply chain, as the factory is a key manufacturing center [26][27] - The tire industry is facing challenges due to U.S. tariffs, with a high import dependency that complicates supply issues [27][28] - Tire operating rates have improved, with semi-steel tire operating rates at 78.33%, up 20.0 percentage points week-on-week [28] Investment Recommendations - The report recommends focusing on tire companies with global diversification strategies, such as Senki Lin, Sailun Tire, and Linglong Tire, due to their competitive advantages under current tariff conditions [5][31][33]

Core Viewpoint - The chemical sector in China is maintaining its development momentum despite external challenges, supported by strong domestic demand and favorable policies, with a notable recovery in product demand driven by various industries [1][6]. Group 1: Industry Performance - In Q1, the chemical sector's 529 listed companies reported a total revenue of 621.73 billion yuan, a year-on-year decline of 15.33%, while net profit reached 36.208 billion yuan, showing a slight increase of 1.58% [1]. - The refrigerant industry benefited from regulatory policies, leading to a revenue increase of 23.31% to 14.654 billion yuan and a net profit surge of 140.16% to 1.77 billion yuan [2]. - The chlor-alkali industry saw a net profit increase of 84.55% to 3.117 billion yuan, despite a revenue decline of 13.98% to 45.922 billion yuan [2]. - The food and feed additive sector achieved a revenue of 37.773 billion yuan, up 4.21%, with net profit rising 75.57% to 5.369 billion yuan [3]. - The agricultural chemical sector reported a revenue of 49.378 billion yuan, down 6.51%, but net profit increased by 25.12% to 3.093 billion yuan [3]. Group 2: Industry Challenges - The organic silicon industry faced significant challenges, with net profit dropping by 37.74% despite stable revenue [4]. - The titanium dioxide sector experienced a revenue decline of 14.35% and a net profit drop of 35.61% due to high production levels and weak downstream demand [4]. - The nitrogen fertilizer industry reported a revenue decrease of 4.28% and a significant net profit decline of 56.82% [4]. - The tire industry showed a revenue increase of 6.34% but faced a net profit decline of 24.84%, attributed to rising production costs [4][5]. Group 3: Future Outlook - The refrigerant industry is expected to maintain its growth cycle due to quota systems and increasing downstream demand [6]. - The agricultural chemical market is anticipated to stabilize as the peak usage season approaches, with active trading expected [6]. - The chemical industry must navigate challenges such as increased competition in the titanium dioxide market and the need for innovation in the daily chemical sector [6].