浦林成山(01809)跌超6%，截至发稿，跌6.02%，报7.03港元，成交额355.55万港元。 消息面上，浦林成山午间发布2025年中期业绩，该集团取得收入人民币57.05亿元(单位下同)，同比增加 6.37%；公司股东应占溢利5.08亿元，同比减少37.44%；每股基本盈利0.8元。截至2025年6月30日止6个 月内，集团销售轮胎约1410万条，同比增长2.8%。其中，全钢子午线轮胎销售约390万条，同比下降 3.8%；半钢子午线轮胎销售约1000万条，同比增长5.7% ；斜交轮胎销售20万条，同比增长2.3%。 本文源自：智通财经网 ...

消息面上，浦林成山午间发布2025年中期业绩，该集团取得收入人民币57.05亿元(单位下同)，同比增加 6.37%；公司股东应占溢利5.08亿元，同比减少37.44%；每股基本盈利0.8元。截至2025年6月30日止6个 月内，集团销售轮胎约1410万条，同比增长2.8%。其中，全钢子午线轮胎销售约390万条，同比下降 3.8%；半钢子午线轮胎销售约1000万条，同比增长5.7% ；斜交轮胎销售20万条，同比增长2.3%。 智通财经APP获悉，浦林成山(01809)跌超6%，截至发稿，跌6.02%，报7.03港元，成交额355.55万港 元。 ...

截至2025年6月30日止6个月内，本集团销售轮胎约1410万条，同比增长2.8%。其中，全钢子午线轮胎 销售约390万条，同比下降3.8%;半钢子午线轮胎销售约1000万条，同比增长5.7%;斜交轮胎销售20万 条，同比增长2.3%。 浦林成山(01809)发布2025年中期业绩，该集团取得收入人民币57.05亿元(单位下同)，同比增加6.37%;公 司股东应占溢利5.08亿元，同比减少37.44%;每股基本盈利0.8元。 本集团主要通过经销商供应替换市场，截至2025年6月30日止6个月期间，本集团国内经销商渠道的营业 收入约为10.17亿元，同比减少18.3%;国际经销商渠道的营业收入约为38.96亿元，同比增加10.9%;直接 向汽车制造商销售的营业收入约7.92亿元，同比增加30.5%。其中，全钢子午线轮胎、半钢子午线轮胎 分别占本集团轮胎收入的约55.3%及43.2%(2024年同期：57.1%及41.1%)，斜交轮胎占比约1.5%(2024年 同期：1.8%);来自于本集团位于山东的轮胎生产基地(山东轮胎生产基地)及位于泰国的轮胎生产基地(泰 国轮胎生产基地)的收入分别占本集团轮胎收入的约61. ...

格隆汇8月26日丨浦林成山(01809.HK)公布中期业绩，2025年上半年，集团整体销量和收入同比均有增 加，其中在国际经销商渠道、直销至汽车制造商渠道的销量和收入同比均显著增加，国内经销商渠道同 比减少。 报告期内，集团实现营业收入约人民币5.7052亿元，同比增长6.4%，实现毛利约人民币9.475亿元，同 比下降28.2%，归属于公司所有者的利润约人民币5.076亿元，同比下降37.4%，EBITDA约人民币7.910 亿元，同比下降33.8%，EBITDA利润率为13.9%，同比下降8.4个百分点。 集团主要通过经销商供应替换市场，截至2025年6月30日止六个月期间，集团国内经销商渠道的营业收 入约为人民币10.173亿元，同比减少18.3%；国际经销商渠道的营业收入约为人民币38.958亿元，同比 增加10.9%；直接向汽车制造商销售的营业收入约人民币7.917亿元，同比增加30.5%。其中，全钢子午 线轮胎、半钢子午线轮胎分别占集团轮胎收入的约55.3%及43.2%(2024年同期：57.1%及41.1%)，斜交轮 胎占比约1.5%(2024年同期：1.8%)；来自于集团山东轮胎生产基地及泰国 ...

以下文章来源于投资界 ，作者刘博 投资界 . 清科创业旗下创业与投资资讯平台 创业父女档。 作者：刘博 来源：投资界 赴港上市络绎不绝。 投资界获悉，卧龙电驱近日正式向港交所递交招股书，计划在港股挂牌，实现"A+H"双重上 市。 而与众多二代的成长路径相似，陈嫣妮也是从海外学成归来，2007年进入集团工作，历练多 年后从父亲手中接班。 这里插播一条课程资讯： 报名 「吴世春·泸州出行活动」 ，9月21号-23号 ， 吴世春将亲自带队 100家企业家 ， 去四 川泸州线下游学 ， 探 访 下沉创新 ， 寻找增长新引擎。 你 在 创业路上遇到的问题和想法 ， 都可以找吴老师聊聊 。 如果你是 优质的项目，吴老师 也会果断投 你。 下半年 ， 吴老师预计要投出去的金额，应该不小于 15个亿。 （翻到底部了解详情） 扫码咨询报名 01 父女联手，缔造市值500亿 这是一个浙商白手起家的故事。 值得一提的是，卧龙电驱A股股价年内至今已翻倍，最新市值500.97亿元。 来自浙江绍兴的卧龙电驱，背后站着一对父女——陈建成、陈嫣妮。1984年，陈建成从一间 山村里的旧厂房起步，一路带领卧龙电驱成为国内电机龙头。 1959年出 ...

Core Viewpoint - Wolong Electric Drive has submitted its prospectus to the Hong Kong Stock Exchange for a dual listing, aiming to capitalize on its recent stock price surge and significant market presence [2][14]. Group 1: Company Background - Wolong Electric Drive, founded by Chen Jiancheng in 1984, has grown from a small factory in Shaoxing, Zhejiang, to a leading domestic electric motor manufacturer, achieving a market capitalization of approximately 50.1 billion RMB [3][6]. - The company underwent a transformation from a collective enterprise to a private company and successfully went public on the Shanghai Stock Exchange in 2002 [7]. - Chen Jiancheng's daughter, Chen Yanni, joined the company in 2007 after gaining experience in international finance, and she has since taken on significant leadership roles within the company [4][13]. Group 2: Financial Performance - Wolong Electric Drive's revenue for 2022, 2023, and 2024 is projected to be 14.27 billion RMB, 15.57 billion RMB, and 16.25 billion RMB, respectively, with corresponding profits of 839 million RMB, 553 million RMB, and 832 million RMB [17][20]. - The company has seen its stock price double in the current year, reflecting strong market confidence [14]. - The core business segments, including explosion-proof, industrial, and HVAC electric drive systems, account for nearly 90% of the company's revenue, although growth in these areas has shown signs of slowing down [18][19]. Group 3: Strategic Initiatives - Wolong Electric Drive is expanding into the robotics sector, with revenue from its robotics components business projected to grow from 355 million RMB in 2022 to 451 million RMB in 2024 [21]. - The company has made strategic investments in emerging fields, particularly in electric aviation and robotics, indicating a focus on diversifying its revenue streams [22]. - Wolong Electric Drive has also engaged in acquisitions of international brands and companies to enhance its market position and technological capabilities [12].

财报显示，中策橡胶是国内外销售规模最大的轮胎制造企业之一，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。今年6月5日，中策橡胶正式在上海证券交易所主板上市，募资总 额40.66亿元，募资规模在2025年内新股中排名第二，仅次于华电新能。 中报指出，2025年上半年，中策主要产品均存在不同程度的供不应求情况，尤其是全钢胎产品在高中低 端市场均具有突出的质价比优势，客户订单情况良好。基于此，报告期内公司实现营业收入218.55亿 元，同比增加18.02%。其中，境内主营业务收入达118.67亿元，同比增长23.73%。 同期，境外主营业务收入达99.24亿元，同比增长11.89%。这当中，作为公司主要的海外生产基地，上 半年中策泰国实现营收37.85亿元，净利润4.99亿元；中策印尼实现营收2.02亿元，净利润0.21亿元。 不过，报告期内，营收实现高增长的同时，中策橡胶未能"增利"。根据中报，今年上半年，其归属于上 市公司股东的净利润23.22亿元，同比减少8.56%。记者注意到，其利润波动存在特殊原因。 据7月4日晚间公司在2025年半年度业绩预告中的解释，2024年同期，中策橡胶下属全 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company is expected to achieve a net profit of approximately 1.83 billion yuan in the first half of 2025, a decrease of about 320 million yuan or around 15% year-on-year. The non-recurring net profit is projected to be around 1.81 billion yuan, down by approximately 240 million yuan or 12% year-on-year. For Q2 2025, the estimated net profit is around 790 million yuan, reflecting a year-on-year decline of 29.2% and a quarter-on-quarter decline of 23.8% [2][6]. - The company is a leading domestic tire manufacturer with significant advantages in integrated production, research, and development, and its technology and quality are globally recognized. The ongoing expansion of domestic and international production capacity, coupled with strong tariff advantages, positions the company to enhance its brand strength and drive continuous growth in performance and brand recognition [2][11]. Summary by Sections Performance Overview - The company's performance in the first half of 2025 is under pressure, primarily due to international trade barriers and rising raw material costs. The additional 25% tariff on tire exports to the U.S. has impacted gross margins, while the costs of key raw materials such as natural rubber and synthetic rubber have increased [11]. - The company plans to optimize its overseas capacity layout and promote high-value-added products to mitigate external impacts. With the normalization of U.S.-China tariffs and a potential decrease in raw material prices, profit margins are expected to recover [11]. International Expansion - The company announced plans to invest in a new production facility in Egypt, with an annual capacity of 3.6 million radial tires, including 3 million semi-steel tires and 600,000 all-steel tires. The total investment is approximately 290 million USD (about 2.09 billion yuan), with expected annual revenue of around 190 million USD and net profit of approximately 34.77 million USD [11]. - The strategic location of Egypt, being at the crossroads of Asia, Africa, and Europe, allows the company to tap into the growing tire market in Africa, which is the third-largest automotive market on the continent [11]. Product Innovation - The company's self-developed "Liquid Gold" tires have received international recognition for their superior performance, addressing the challenges of rolling resistance, wet slip resistance, and wear resistance. According to TÜV Rheinland, the carbon emissions of these tires are significantly lower than those of conventional tires, indicating a large potential market [11]. Capacity Expansion - The company is actively expanding its global production capacity, with ongoing projects in Vietnam, Cambodia, Mexico, and Indonesia. By the end of 2024, the company plans to have a total production capacity of 27.65 million all-steel tires, 106 million semi-steel tires, and 44,700 tons of non-road tires [11]. - The continuous expansion of domestic and international production capacity is expected to drive revenue and profit growth [11]. Financial Projections - The projected net profits for the company from 2025 to 2027 are 4.15 billion yuan, 5.23 billion yuan, and 6.24 billion yuan, respectively [11].

BR 日报 【银河期货】丁二烯橡胶每日早盘观察（25-08-22） 【市场情况】 BR 丁二烯橡胶相关：BR 主力 10 合约报收 11820 点，上涨+45 点或 +0.38%。截至前日 18 时，山东地区大庆石化顺丁报收 11700-11800 元/吨，山东 民营顺丁报收 11600-11650 元/吨，华东市场扬子石化顺丁报收 11700-11800 元/ 吨，华南地区茂名石化顺丁报收 11700 元/吨。山东地区抚顺石化丁苯 1502 报收 12200 元/吨。山东地区丁二烯报收 9400-9450 元/吨。 RU/NR 天然橡胶相关：RU 主力 01 合约报收 15765 点，上涨+45 点或 +0.29%。截至前日 12 时，销地 WF 报收 14750-14900 元/吨，越南 3L 混合报收 14900-14950 元/吨。NR 主力 10 合约报收 12630 点，上涨+30 点或+0.24%；新加 坡 TF 主力 11 合约报收 172.1 点，上涨+1.0 点或+0.58%。截至前日 18 时，泰标 近港船货报收 1795-1820 美元/吨，泰混近港船货报收 1795-1820 美元/ ...

Core Viewpoint - The company is expected to face challenges in profitability due to trade barriers and raw material costs, but it is also making strides in global capacity expansion and innovative product development, particularly with its "Liquid Gold" tire technology [2][4][5][6]. Group 1: Performance Forecast - The company disclosed a profit forecast for H1 2025, expecting a net profit attributable to shareholders of 1.83 billion yuan, a year-on-year decrease of 14.94%, and a non-recurring net profit of 1.81 billion yuan, down 11.79% year-on-year [2]. - For Q2 2025, the company anticipates a net profit of 792 million yuan, representing a year-on-year decline of 23.78% and a quarter-on-quarter decline of 29.18% [4]. Group 2: Analysis and Judgments - The decline in profits is attributed to a 25% tariff on parts exported to the U.S. and a 4% year-on-year decrease in the weighted average index of raw materials for H1 2025, with costs expected to remain stable compared to H1 2024 [4]. - The company is focusing on optimizing overseas production capacity and promoting high-value-added products to mitigate the impact of these challenges [4]. Group 3: Global Expansion and Product Development - The company has a production capacity exceeding 70 million tires, with facilities in various locations including Qingdao, Dongying, and Vietnam, and is on track to meet its mid-to-long-term capacity goals [5]. - The company has established partnerships with major domestic and international firms, enhancing its presence in the non-road tire sector [5]. - The "Liquid Gold" tire technology has been recognized for its performance improvements, including a reduction in rolling resistance and enhanced durability, contributing to increased brand strength [6]. Group 4: Financial Projections - Revenue projections for 2025-2027 are estimated at 36.54 billion, 41.85 billion, and 46.16 billion yuan, respectively, with net profits expected to be 4.21 billion, 4.93 billion, and 5.76 billion yuan [7]. - The earnings per share (EPS) are projected to be 1.28, 1.50, and 1.75 yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (PE) ratios of 10, 9, and 8 [7][8].