成立于1994年的国内轮胎龙头玲珑轮胎（601966.SH），如今已步入"壮年期"。继2016年7月在上交所主 板上市，时隔近10年后，正致力于实现全球发展的玲珑轮胎，终于将目光投去了香港。 日前，玲珑轮胎正式向港交所主板递交了上市申请。据招股书介绍，玲珑轮胎的产品组合包括广泛的乘 用及轻卡胎、卡客车胎及非公路胎，且拥有多种规格以适应不同的应用场景；而在品牌矩阵方面，公司 旗下品牌涉及了玲珑、利奥、御风、阿特拉斯、绿行及睿界。 按2024年的全球销量计算，玲珑轮胎已经是中国市场最大的OE轮胎（汽车厂商的原厂胎）制造商，置 于全球范围内也是排名第三的OE轮胎制造商。此外，如果将范围框定在新能源汽车领域，玲珑轮胎更 是已连续五年成为全球最大的OE轮胎制造商。 突出的市场地位，也为玲珑轮胎取得强劲的销售业绩提供了助力。2022-2024年，玲珑轮胎的核心财务 业绩保持增长态势。另外，值得一提的是，不仅是在国内市场高歌猛进，玲珑轮胎在海外的表现也渐入 佳境。而这或许便要归功于公司高度重视海外市场，此前，玲珑轮胎制定了"7+5"战略（即国内布局7个 工厂、海外布局5个工厂），持续推进全球化布局。截至去年底，玲珑轮胎已经 ...

Core Viewpoint - Linglong Tire has submitted its listing application to the Hong Kong Stock Exchange, aiming to enhance its global presence and capitalize on its strong market position in the tire manufacturing industry [1][2]. Group 1: Company Overview - Linglong Tire is a specialized and large-scale tire manufacturer, listed on the Shanghai Stock Exchange since July 6, 2016, focusing on the design, development, production, and sales of diversified tire products [1]. - The company offers a wide range of products, including passenger and light truck tires, truck and bus tires, and off-road tires, marketed under its own brands such as Linglong and Lio [1]. Group 2: Global Expansion Strategy - As of the end of 2024, Linglong Tire has established seven R&D centers and seven production bases globally, with five located in China and one each in Thailand and Serbia [1]. - The company has a direct sales relationship with over 60 automotive manufacturers, including eight of the top ten global automotive manufacturers by sales in 2024 [1]. - To further enhance its international brand influence, Linglong Tire plans to establish a third overseas production base in Brazil, a significant automotive production hub with over 70 years of industry history [1]. Group 3: Market Position and Performance - According to Frost & Sullivan, Linglong Tire is the largest OE tire manufacturer in the Chinese market and ranks as the third-largest globally [2]. - The company has been the largest global manufacturer of OE tires for electric vehicles since 2020, highlighting its leadership in emerging market segments [2]. - In 2024, Linglong Tire reported a revenue of 22.058 billion yuan, a year-on-year increase of 9.39%, and a net profit of 1.752 billion yuan, up 26.01% [2]. - However, in the first quarter of the year, the company experienced a revenue of 5.697 billion yuan and a net profit of 341 million yuan, reflecting a year-on-year decline of 22.78% in net profit [2]. - The first quarter's cash flow from operating activities was negative 318 million yuan, a significant decrease of 163.41% year-on-year, attributed to rising raw material costs and increased cash payments for goods and services [2].

智通财经APP获悉，据港交所6月30日披露，山东玲珑轮胎股份有限公司(简称：玲珑轮胎(601966.SH))向港交 所主板递交上市申请，中信证券、招银国际为联席保荐人。 根据弗若斯特沙利文的资料，按2024年的全球销量计算，玲珑轮胎为中国市场最大的OE轮胎制造商，及全球 市场第三大的OE轮胎制造商，而按2024年的全球销量计算，自2020年起，公司已连续五年成为全球市场最大 的新能源汽车OE轮胎制造商。 业绩方面，于2022财年、2023财年、2024财年，玲珑轮胎实现收入分别约为170.06亿元、201.65亿元、220.58 亿元人民币；同期，年内利润分别约为2.92亿元、13.91亿元、17.52亿元人民币。 | | 2022財年 | 2023財年 | 2024財年 | | --- | --- | --- | --- | | | (人民幣千元) | (人民幣千元) | (人民幣千元) | | 收入 | 17,005,886 | 20,165,275 | 22.057.939 | | 銷售成本 | (15,134,952) | (16,564,505) | (17,714,294) | | 毛利 | 1, ...

中策橡胶集团股份有限公司 章程（草案） 二〇二五年六月 目 录 第一章 总 则 第一条 为维护中策橡胶集团股份有限公司（以下简称"公司"）、股东、职 工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、 《中华人民共和国证券法》 中策橡胶集团股份有限公司 章 程 （以下简称"《证券法》"）、、 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第五章 董事和董事会 第一节 董事 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 第六章 高级管理人员 第七章 监事和监事会 第一节 监事 第二节 监事会第七章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第二节 会计师事务所的聘任 第八章 通知和公告 第一节 通知 第二节 公告 第九章 信息披露和投资者关系管理 第一节 ...

以下文章来源于尺度商业 ，作者尺度商业 尺度商业 . 以价值为尺、投资有度的视角，观察和洞见商业文明、科技创新（原德林社更名） 文 | 张佳儒 一边高负债率，曾拟募资28.5亿补充流动资金，一边又连续分红，这样的公司你见过吗？ 6月5日，中策橡胶在上交所上市，公司计划募资48.50亿元，实际募资40.66亿元，成为A股市场年内 最大IPO。 按照最初的计划，中策橡胶募资额高达70亿元，远高于实际募资。中策橡胶拟募资额大幅缩水的 原 因，在于公司删除了28.5亿元补充流动资金项目。 拟28.5亿元补充流动资金背后，中策橡胶资产负债率远超同行平均水平。中策橡胶在阐述募资项目必 要性时也提到，"将进一步改善公司的资产负债结构"。 令外界疑惑的是，债务压力下的中策橡胶，分红却较为积极。2020年至2024年上半年，公司累计分 红28亿元。 拟募资额大幅缩水，拟大手笔补充流动资金，又删除项目，这背后有怎样的故事？ 轮胎巨头是"买"来的， 这一安排，成为中策橡胶在高负债率背景下仍持续分红的重要原因之一。 还背上银行贷款 6月6日收盘，中策橡胶市值411.3亿元。这家轮胎巨头，是仇建平创业后积累资金买下来的。 中策橡胶主要 ...

Core Viewpoint - Zhongce Rubber Group Co., Ltd. (中策橡胶) officially listed on the A-share market on June 5, 2023, marking the largest IPO in the A-share market this year with a fundraising amount of 4.066 billion yuan [1][4] Group 1: Company Overview - Zhongce Rubber is a leading tire manufacturer in China, primarily engaged in the research, production, and sales of various tire products, including all-steel tires and semi-steel tires [3][7] - The company ranks first in the "2024 Annual China Tire Enterprise Ranking" published by the China Rubber Industry Association, with a projected sales volume of 216 million tires in 2024 [3] Group 2: Financial Performance - For the years 2022 to 2024, Zhongce Rubber's revenue is projected to grow from 31.889 billion yuan to 39.255 billion yuan, while net profit is expected to increase from 1.225 billion yuan to 3.787 billion yuan [7] - The company anticipates a revenue growth of 8.00% to 15.56% for the first half of 2025, but expects a decline in net profit attributable to shareholders by 13.38% to 2.479 billion yuan due to rising raw material prices and external factors affecting overseas sales [1][10] Group 3: IPO Details - The IPO price was set at 46.5 yuan per share, with a price-to-earnings ratio of 12.24. The stock opened at 57 yuan, reflecting a 22.58% increase on the first day of trading [3][5] - The IPO attracted significant interest, with online investors subscribing to 60.7264 million shares, resulting in a subscription amount of 2.824 billion yuan [4] Group 4: Investment and Growth Strategy - The raised funds will be allocated to various projects, including enhancing production capacity for all-steel radial tires and upgrading manufacturing facilities [4] - Zhongce Rubber is focusing on digital and green transformation, with significant investments in research and development, amounting to 1.256 billion yuan in 2022, and projected increases in subsequent years [6] Group 5: Challenges and Risks - The company faces challenges from fluctuating raw material prices, which can impact production costs and profit margins. A 1% increase in raw material prices could lead to a decrease in gross margin by approximately 0.36 percentage points [7] - Zhongce Rubber's total liabilities have shown an upward trend, with a debt-to-asset ratio of 68.58% in 2022, indicating potential financial pressure [8]

C中策（603049）上市首日上涨6.84%，换手率达61.51%，成交额为27.07亿元。 证券时报·数据宝统计显示，融资融券交易方面，该股上市首日融资买入额为1.54亿元，占该股全天交易 额的5.69%，最新融资余额为1.35亿元，占流通市值的比例为3.20%。 公司主营业务为全钢胎、半钢胎、斜交胎和车胎等轮胎产品的研发、生产和销售。 从资金流向来看，上市首日该股获主力资金净流入4.31亿元，其中，特大单净流入1.74亿元，大单净流 入2.56亿元。 交易公开信息数据显示，该股上市首日，龙虎榜上榜的前五大买卖营业部合计成交5.30亿元，其中，买 入成交额为1.77亿元，卖出成交额为3.54亿元，合计净卖出1.77亿元。其中，有5家机构专用席位上榜， 合计净卖出3.54亿元。（数据宝） 近期上市新股首日融资融券交易明细 | 代码 | 简称 | 上市日期 | 上市首日涨跌 | 上市首日融资余额 | 占流通市值比 | 上市首日融券余额 | | --- | --- | --- | --- | --- | --- | --- | | | | | （%） | （万元） | 例（%） | （万元） | | 603049 ...

值得一提的是，途虎养车与朝阳轮胎自2019年就达成战略合作，双方围绕中国车主需求和不同路况特 点，共同推出多款轮胎产品，并在品牌共建、渠道共享、营销互动、技术培训等多方面展开深度合作， 持续优化出行体验。 耐用安全升级，公牛轮胎性能突破边界 中策橡胶产品涵盖乘用轿车、卡车、客车、工程车等多个领域，多年来凭借技术革新、智能制造与全球 化布局，在2024年跻身全球轮胎企业前十强，并连续多年稳居中国轮胎企业排行榜榜首。其研发的天玑 乘用车胎系统，整合了8大核心技术能力与12项关键技术，推动轮胎性能突破边界。公牛轮胎融合天玑 平台技术，实现了耐用等性能的全面提升。 具体来看，公牛轮胎GTRcomfort采用德国纳米材料及法国Rhodia高性能白炭黑高品质橡胶配方、多层 高强度科技型胎体构造，可以均匀分散行驶中的压力与摩擦力，大幅增强轮胎整体耐磨性。胎侧部分的 高强度双层帘布设计，可抵御路基、坑洼等意外撞击，结合中央肋条花纹与高排水导流沟槽，湿地制动 性能显著提升，为复杂路况下的行车安全提供安心保障。 6月5日，国内轮胎行业领军企业中策橡胶正式挂牌上市，发展迈入全新阶段。中策橡胶旗下拥有朝阳、 好运、威狮、全诺等知名品 ...

Group 1 - Zhongce Rubber, a leading company in the domestic tire industry, has been listed on the Shanghai Stock Exchange, marking a new phase in its development [1] - The company owns well-known brands such as Chaoyang, Haoyun, Weishi, and Quannuo, and has recently launched a new mid-to-high-end tire brand, Bull Tire, in collaboration with Tuhu Car Maintenance [1] - The first passenger car tire product from Bull Tire, GTRcomfort, focuses on durability, safety protection, and noise reduction, aiming to redefine the quality standards for household tires [1][2] Group 2 - Zhongce Rubber's products cover various fields including passenger cars, trucks, buses, and engineering vehicles, and it aims to rank among the top ten global tire companies by 2024 [2] - The GTRcomfort tire utilizes advanced materials and technology, including German nano materials and high-performance rubber formulations, enhancing overall durability and performance [2] - The design of GTRcomfort includes features that improve wet braking performance and reduce cabin noise, catering to family users' needs for comfort and quietness during long trips [2]

Core Viewpoint - The addition of Zhongce Rubber as a new member of the "Juxing System" in the A-share market marks a significant expansion for the group, which already includes Juxing Technology, Hangcha Group, and Xinchai Co., and represents the fourth listed company controlled by Qiu Jianping [3][5]. Company Overview - Zhongce Rubber is one of the earliest tire manufacturers in China, with its origins tracing back to the establishment of Hangzhou Haichao Rubber Factory in 1958. The company began its foray into the tire industry in 1970 and was officially formed in 1992 through a joint venture with a Hong Kong investment firm [3][5]. - The main products of Zhongce Rubber include all-steel tires, semi-steel tires, bias tires, and various automotive tires, which are distributed across most provinces in China and exported to regions including Europe, America, Africa, Oceania, Southeast Asia, and the Middle East [5]. Shareholding Structure - Qiu Jianping, a prominent Zhejiang businessman, controls 41.08% of Zhongce Rubber's shares and corresponding voting rights through Zhongce Haichao. Additionally, he holds a total of 5.87% of shares through Chaoyang Haoyun and Chaoyang Wending as the managing partner [5][7]. - Qiu Jianping's daughter, Qiu Fei, indirectly holds 1.9% of Zhongce Rubber's shares through Chaoyang Haoyun and Chaoyang Wending [5].