Group 1 - Zhongce Rubber Group Co., Ltd. officially listed on the Shanghai Stock Exchange, marking a new development journey for the company [1] - The company has a rich history dating back to 1958 and has become a leading player in the tire manufacturing industry, ranking first in the "2024 China Tire Enterprise Ranking" by the China Rubber Industry Association [3][4] - Zhongce Rubber has a strong brand matrix with well-known brands such as "Chaoyang," "Goodride," and "West Lake," and has been recognized as one of the top ten global tire manufacturers by Tire Business magazine [3][4] Group 2 - The company has shown continuous innovation and growth through technology advancements, structural optimization, smart manufacturing, brand enhancement, and international expansion [4] - Zhongce Rubber's tire products are widely distributed across China and exported to various regions including Europe, North America, Africa, Southeast Asia, and the Middle East, establishing deep partnerships with major automotive manufacturers [7] - The company has demonstrated strong performance with revenue growth from 17.99 billion yuan in 2021 to 39.52 billion yuan in 2024, and net profit increasing from 1.03 billion yuan to 3.79 billion yuan during the same period [7][8] Group 3 - The global tire market sales were approximately 177.5 billion USD in 2021, 186.8 billion USD in 2022, and 192 billion USD in 2023, with Zhongce Rubber's market share fluctuating around 2.54% to 2.58% [8] - The automotive aftermarket in China is projected to grow from 660 billion yuan in 2014 to 1.74 trillion yuan by 2025, with a compound annual growth rate of 9.21% [8] - The company plans to use the funds raised from its IPO for projects that will enhance production capacity and market share, including a green 5G digital factory for high-performance tires [10]

Core Viewpoint - Zhongce Rubber Group Co., Ltd. officially enters the A-share market, aiming to enhance its capital base and expand its operations in the tire industry [1] Group 1: Company Overview - Zhongce Rubber specializes in the research, production, and sales of various tire products, including all-steel tires, semi-steel tires, and bias tires, under well-known brands such as "Chaoyang" and "Goodride" [1] - The company plans to issue 87.44856 million shares, with pricing scheduled for May 20, 2025, and subscription starting on May 23, 2025 [1] Group 2: Technological Innovation - The company emphasizes technological innovation, investing in R&D, talent development, and equipment upgrades to enhance product performance and sustainability [2] - Key technologies applied include optimizing rolling resistance, improving handling and comfort, enhancing safety, and increasing tire lifespan while reducing noise [2] - Recent high-tech products developed include low-noise tires and ultra-low rolling resistance tires, showcasing the company's commitment to advanced manufacturing processes [2] Group 3: Global Market Expansion - Zhongce Rubber ranks first in the "2024 China Tire Enterprise Ranking" and is among the top ten global tire manufacturers according to "Tire Business" magazine [3] - The company has established a comprehensive marketing network, with products sold across China and exported to various regions including Europe, America, and Southeast Asia [3] - Financial performance shows revenue growth from 31.889 billion yuan in 2022 to 39.255 billion yuan in 2024, with net profits increasing from 1.225 billion yuan to 3.787 billion yuan during the same period [3] - The company’s Indonesian factory is set to contribute approximately 5.2 billion yuan in annual sales upon reaching full production capacity [3]