（文章来源：证券日报） 证券日报网讯 2月4日，玲珑轮胎在互动平台回答投资者提问时表示，公司目前也正在对标优秀同行， 通过多重举措全力提升企业盈利能力、增强经营韧性，同时公司日常将持续通过上交所E互动平台、投 资者热线电话、网上文字或电话业绩说明会、投资者集体接待日、上市公司调研、券商策略会、机构路 演及反路演等多种渠道和形式，与各类股东保持通畅的沟通和互动，在确保信息披露透明的前提下，积 极传递公司各阶段经营规划进展和长期投资价值，努力提振市场信心。公司未来还将继续以技术创新为 核心驱动力，协同推进全球化战略布局与零售渠道和配套体系建设，通过多维度的战略协同效应，持续 强化企业基本面，同时做好各项经营管理工作，不断增强公司核心竞争力，为实现既定的中长期战略目 标奠定坚实基础。 ...

（文章来源：证券日报） 证券日报网讯 2月4日，玲珑轮胎在互动平台回答投资者提问时表示，公司管理层完全理解并高度重视 投资者对于股价稳定的迫切诉求。公司现阶段正在对标优秀同行，全力提升研发、制造、营销、采购、 服务等生产经营各环节的效率和效益，以促进盈利能力的不断增强，并通过全球产地和业务的均衡布局 有效提升市场竞争力和抵御风险能力，同时结合公司治理、信息披露、投资者关系管理、ESG体系建设 以及持续稳定的分红等多重举措不断完善市值管理工作成效，努力用长期持续的良好业绩回馈广大投资 者的支持和信任。 ...

Core Viewpoint - The newly released guidelines for ESG disclosure in A-share listed companies provide a structured framework for reporting on pollution emissions, energy use, and water resources, aiming to enhance transparency and comparability in ESG practices across the industry [1][2][3]. Group 1: ESG Guidelines Overview - The guidelines serve as a detailed extension of the previously issued "Sustainable Development Report Guidelines," outlining 21 ESG topics and designating specific companies as strong ESG disclosure entities, with a deadline for submission set for April 30, 2026 [2]. - The guidelines are structured into three chapters focusing on risk assessment, data accounting methods, and disclosure points, addressing market needs for clarity and consistency in ESG reporting [2][3]. - The guidelines do not impose mandatory disclosure requirements but provide a flexible operational template for companies to adapt based on their specific circumstances [3]. Group 2: Challenges in ESG Implementation - Companies face significant challenges in data governance, including weak data foundations, missing historical data, and inconsistent cross-departmental statistics, which hinder effective ESG reporting [1][6]. - The complexity of data collection and accounting, especially across different regions and scenarios, poses a major hurdle for companies in their ESG efforts [7]. - There is a recognized need for improved data management systems and support from external resources, such as environmental data platforms and ESG-related fiscal incentives, to facilitate better ESG practices [7]. Group 3: Market and Regulatory Context - The increasing focus on ESG management is driven by both domestic regulatory requirements and international market pressures, with companies recognizing the importance of ESG compliance for maintaining competitiveness [5][9]. - The guidelines are expected to enhance the transparency and comparability of ESG disclosures, aligning Chinese companies with global investment frameworks and facilitating access to international capital [8][10]. - The implementation of international regulations, such as the EU's Carbon Border Adjustment Mechanism, is pushing companies to prioritize ESG management to meet external demands and improve their market positioning [9].

Group 1 - The core viewpoint of the news is that Qingdao Senqilin Tire Co., Ltd. has seen a stock price increase of 5.03%, reaching 21.08 yuan per share, with a total market capitalization of 21.839 billion yuan as of the report date [1] - The company specializes in the research, production, and sales of green, safe, high-quality, and high-performance radial tires, including semi-steel and all-steel radial tires, as well as aviation tires [1] - The main business revenue composition of the company is 99.83% from tires and 0.17% from other supplementary sources [1] Group 2 - Among the top ten circulating shareholders of Senqilin, a fund under Southern Fund has reduced its holdings by 187,600 shares, now holding 9.0306 million shares, which accounts for 1.27% of the circulating shares [2] - The Southern CSI 500 ETF (510500) has achieved a year-to-date return of 11.03% and a one-year return of 50.82%, ranking 628 out of 5562 and 1196 out of 4285 respectively in its category [2] - The fund manager of Southern CSI 500 ETF, Luo Wenjie, has a total fund asset scale of 171.358 billion yuan, with the best fund return during his tenure being 187.93% [3]

中泰证券合规/会议主持人: 本会议信息仅供参考，不代表任何投资建议。 那是进行了长期的与紫金深度绑定这样的一个状态。所以说后续的话，那也是伴随着紫金 在海外的各各处的一个这个新的矿的开拓？那也是海安通过资金持续地获得更多的订单。 然后其次，除了现有的这个紫金的这些现客户的一些新的订单拓展之外，那公司也是在海 外，特别是以俄俄罗斯为中心，去拓展了俄罗斯以及它周围的一些中亚、西亚的一些地区 的新客户。那也是，其实也是基于，就是在这个俄乌战争的背景之下。切入到了俄罗斯市 场这样的一个机会。 那也是随着切入当地的这个俄罗斯获得了新的客户之后，那公司其实主要是基于两方面的 一个优势，那第一块是这个性价比。那从这个价格去看，我们中国的这个剧台基本上都是 比外资的剧台便宜 60%及以上。那第二块就是更好的一个服务。那我们刚刚其实也提到的 话，像公司它其实刚开始是做这种矿山运营业务起家的，那它也是整个行业里面第一家。 去同时就是卖了聚财之后，并进一步去提供运营方面服务这样的一个公司。所以说，那第 二点优势，就是说在这个给相应的这个矿企提供了聚财之后，那公司进会有这个长长期的 一个陪陪同服务。 杨旭 中泰证券汽车分析师: 好的 ...

2024年11月9日，深交所正式受理青岛双星（000599）作价49.27亿元并购锦湖轮胎的交易方案。2026年 2月5日，深交所并购重组委将对此案进行审议。 对于这家已连续七年亏损的老牌上市公司而言，这无疑是一场"毕其功于一役"的背水之战。 若顺利通过，青岛双星有望凭借锦湖轮胎的全球渠道与产品优势实现协同效应，从而摆脱长期亏损的泥 潭；反之，若未获通过，公司则可能面临更加严峻的经营挑战，翻身之路将愈加艰难。 据悉，本次交易由中金公司牵头，联合安永华明、立信会所、德恒律所及中同华评估等专业机构共同提 供中介服务。 六年亏损超17亿元，青岛双星的"最后机会" 青岛双星于1996年在深交所上市，是双星集团有限责任公司的控股子公司，主营业务为轮胎产品的研 发、生产及销售，主要产品为全钢子午线胎、半钢子午线胎、工程胎，产品应用于商用车、乘用车、工 程机械、特种车辆等领域。 从2019年到2024年，青岛双星连续六年归母净利润为负，累计亏损17.57亿元。2025年业绩预告显示， 公司仍预计亏损2.45亿至3.65亿元，扣非净利润亏损区间达3亿至4.2亿元。尽管四季度利润环比改善明 显，柬埔寨工厂开始盈利，海外收入增长 ...

近期，轮胎行业迎来一波强力的监管风暴。正新轮胎针对市场流通的"磨码胎"展开专项打击行动，联合监管部门对违规汽修门店进行查处，大批生产编号 被人为磨掉的轮胎被依法查封并销毁。此次行动不仅是正新维护品牌声誉的单点反击，更折射出整个轮胎行业在存量竞争时代，对渠道乱象进行彻底整 治、重塑市场秩序的决心。 据正新轮胎通报，近期接到消费者举报，发现部分汽修门店销售印有正新商标，但关键胎唇及内里生产编号被人为磨掉的轮胎。这种"磨码胎"切断了产品 从生产到销售的全链条溯源，不仅让消费者失去了"三包"等售后保障，更因来源不明、质量不可控而成为巨大的行车安全隐患。 雷霆行动：正新轮胎"零容忍"溯源造假 接到举报后，正新轮胎总部迅速响应，联合当地市场监管部门展开核查。执法部门对涉事磨码轮胎实施了查封、暂扣并集中销毁，并对相关门店没收违法 所得、处以罚款。正新方面强调，将依据《中华人民共和国反不正当竞争法》，持续在全国范围内打击此类销售刮除防伪溯源码的不正当竞争行为，坚决 维护合法经销商权益及消费者安全。 行业顽疾：揭秘轮胎"磨码"背后的灰色江湖 "磨码胎"是长期困扰轮胎行业的顽疾。所谓"磨码"，即人为磨掉轮胎胎唇处标示生产日期、产 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5]. Core Views - The company is positioned as a leading player in the giant tire industry, with a strong focus on overseas expansion and a robust order book [9]. - The global giant tire market is expected to grow at a CAGR of approximately 8.4% from 2023 to 2027, with significant demand driven by the mining sector [7]. - The company has established a joint venture in Russia to build a large-scale tire production facility, with an estimated investment of around 4.319 billion RMB [6]. Financial Summary - The company’s projected revenue for 2023 is 2,251 million RMB, with a growth rate of 49% year-on-year [5]. - The forecasted net profit for 2023 is 654 million RMB, reflecting an 85% year-on-year increase [5]. - The expected earnings per share (EPS) for 2023 is 4.69 RMB, with a projected decline in subsequent years [5]. - The company’s gross margin is anticipated to remain high at around 55% [9]. - The projected net profit for 2025 is 7 million RMB, with a growth rate of -3% year-on-year, and is expected to rise to 10 million RMB by 2027, with a growth rate of 38% [12]. Market Position and Strategy - The company has a comprehensive product range covering 49-63 inches and has established strong customer relationships with major mining companies [9]. - The company aims to increase its domestic production capacity by 24,400 units and establish a new capacity of 10,500 units in Russia [9]. - The company is expected to benefit from the high demand in the mining sector and the expansion of its overseas operations [9][12]. Valuation - The report indicates that the company’s price-to-earnings (P/E) ratio for 2025 is projected to be 23x, reflecting its strong profitability and growth potential [14]. - The average P/E ratio for comparable companies in the industry is noted to be lower, suggesting a favorable valuation for the company [14].

Core Viewpoint - Guizhou Tyre (000589.SZ) has received partial compensation for the second phase of housing expropriation, amounting to 2 million yuan, with total compensation received so far being 4 million yuan, which is approximately 0.34% of the total expected compensation [1] Group 1 - The company received 2 million yuan from the Yunyan District Housing Expropriation Service Center on January 30, 2026 [1] - The total compensation received to date for the second phase of housing expropriation is 4 million yuan [1] - The compensation amount represents about 0.34% of the total expected compensation for the second phase [1] Group 2 - The compensation funds are sourced from the Guiyang Urban Construction Investment Group, which is linked to the land development unit [1] - The payment progress is influenced by the land auction process, which has not yet commenced [1] - Due to uncertainties in the collection progress and the actual payment from the land-acquired units, the economic benefits from this expropriation compensation cannot be confirmed at this time [1]

Group 1 - The Taiwanese Industrial Park in Guzhen, Anhui Province, has become a hub for Taiwanese enterprises, with 23 companies established, focusing on bicycle manufacturing, food processing, and textile industries [1][2] - The park's notable companies include the Beihai Innohua Tire Co., which has been operational for nearly 30 years, and the Dachen Food Co., which has evolved into a national leader in agricultural industrialization [1] - The park is expected to see significant growth, with Dachen Food Co. projecting an annual output value of 4.07 billion yuan by 2025, creating over 2,000 jobs [2] Group 2 - The Anhui-Jiangsu region benefits from a large consumer market and strong government support, enhancing the confidence of companies in their growth prospects [2] - The Anhui Jiancheng Bicycle Co. has become a leading enterprise in the bicycle industry, exporting products to over 20 countries, including Germany, France, and the USA [2] - In the past year, there has been a deepening cooperation between Anhui and Taiwan in sectors such as new energy vehicles and green food, with 105 new Taiwanese enterprises established in Anhui and a trade volume of 41.06 billion yuan, marking a 16.5% year-on-year increase [2]