Group 1 - The company, Sailun Tire, announced that its seventh second board meeting will be held on January 26, 2026, in a hybrid format [1] - The meeting will review documents including a proposal to adjust investment project plans for its wholly-owned subsidiary [1] Group 2 - International gold prices have surpassed $5,000, marking a 280% increase over the past seven years [1] - Experts suggest that the future trajectory of gold prices will depend significantly on the U.S. dollar, as well as factors such as the international monetary system, interest rate cuts, and technological revolutions [1]

关于调整全资子公司投资项目方案 暨对相关子公司增资的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：601058 证券简称：赛轮轮胎 公告编号：临2026-002 赛轮集团股份有限公司 交易实施尚需履行的审批及其他相关程序 本次投资项目在董事会审议额度范围内，无须提交股东会审议，经公司董事 会审议通过后,尚需获得国家相关主管部门（发改、商务、外管等）的审批或备 案。 其它需要提醒投资者重点关注的风险事项 未来国内外市场、融资环境与政策及经济形势存在发生变化的可能，项目的 投资计划可能根据未来实际情况调整，存在不能达到原计划及预测目标的风险。 一、对外投资概述 （一）本次交易概况 1、本次交易概况 重要内容提示： 投资项目建设内容：印尼生产基地项目由年产 300 万条半钢子午线轮胎、 60 万条全钢子午线轮胎、3.7 万吨非公路轮胎调整为年产 600 万条半钢子午线轮 胎、75 万条全钢子午线轮胎、1 万吨非公路轮胎与 150 万套内胎及垫带。 投资金额：由 25,144 万美元调整为 29,974 万美元（其中 ...

赛轮集团股份有限公司 印尼生产基地项目可行性研究报告 1 | 1．总论 | | | 1 | | --- | --- | --- | --- | | 1.1 | 概述 | | 1 | | 1.2 | 研究结论 | | 5 | | 2. | 市场预测 | | 11 | | 2.1 | 国际市场预测 | | 11 | | 2.2 | 本项目的目标市场 | | 13 | | 3. | 生产工艺及生产过程运输 | | 14 | | 3.1 | 产品方案与生产规模 | | 14 | | 3.2 | 原材料路线及需用量 | | 14 | | 3.3 | 工艺技术方案的选择 | | 15 | | | 4．建厂条件和厂址方案 | | 17 | | 4.1 | 建厂条件 | | 17 | | | 5．总图运输 | | 19 | | 5.1 | 厂区总平面布置 | 19 | | | 5.2 | 工厂运输 | | 20 | | | 6．公用工程和辅助设施 | | 21 | | 6.1 | 公用工程 | | 21 | | 6.2 | 给水、排水 | | 22 | | 6.3 | 仓库设置 | 23 | | | | 7．土建工程 | | ...

证券代码：601058 证券简称：赛轮轮胎 公告编号：临 2026-001 本议案已经公司第七届董事会战略与可持续发展委员会第一次会议审议通 过（同意 3 票，反对 0 票，弃权 0 票），并同意提交公司董事会审议。 赛轮集团股份有限公司 第七届董事会第二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 赛轮集团股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日在公司会 议室以现场加通讯方式召开第七届董事会第二次会议。本次会议通知于 2026 年 1 月 23 日以电子邮件方式送达全体董事。会议应到董事 7 人，实到董事 7 人（其 中以通讯表决方式出席 1 人）。会议由董事长刘燕华女士主持，公司总裁列席了 会议。会议的召集和召开符合《中华人民共和国公司法》及《公司章程》的有关 规定。经与会董事审议并表决，通过了以下议案： 1、《关于调整全资子公司投资项目方案的议案》 基于对国际市场需求研判及全球化战略发展需要，公司拟调整印尼生产基地 项目投资总额及建设内容，调整后的建设内容为"年产 600 万条 ...

Group 1 - The company plans to increase capital for its wholly-owned subsidiary, Sailun Hong Kong, by up to 55 million USD [1] - Sailun Hong Kong intends to increase capital for Sailun Singapore by up to 54.45 million USD [1] - Sailun Singapore and Sailun Hong Kong plan to increase capital for Sailun Indonesia by up to 54.45 million USD and 0.55 million USD, respectively [1]

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Viewpoints - The recent tensions in Sino-Japanese relations are expected to accelerate the domestic substitution of Japanese semiconductor materials, as Japan holds a significant market share in this sector while domestic production rates are relatively low [3] - The chemical industry in China is anticipated to undergo a revaluation due to anti-involution measures, which are likely to slow down global capacity expansion significantly. This shift could enhance the dividend yield potential of Chinese chemical companies, transforming them from cash-consuming entities to cash-generating ones [4] - The report highlights four major investment opportunities: low-cost expansion, improved industry sentiment, new materials, and high dividend yields [8][9][10] Summary by Sections Investment Suggestions - Key targets for semiconductor material substitution include: 1) Photoresists: Dinglong Co., Yanggu Huatai, Tongcheng New Materials, and others 2) Wet electronic chemicals: Jianghua Micro, Greenland, and others 3) Electronic gases: Haohua Technology, Juhua Co., and others 4) Mask plates: Qingyi Optoelectronics, Luwei Optoelectronics 5) CMP polishing liquids and pads: Anji Technology, Dinglong Co., Jiangfeng Electronics 6) Sputtering targets: Jiangfeng Electronics, Longhua Technology, and others [3] Industry Performance - The chemical industry has shown strong performance with a 1-month increase of 16.5%, a 3-month increase of 23.4%, and a 12-month increase of 53.9% compared to the CSI 300 index [6] Key Product Price Analysis - Industrial-grade lithium carbonate price increased by 15% week-on-week to 13,800 RMB/ton, driven by maintenance at lithium salt plants and optimistic demand forecasts in the energy storage sector [12] - Pure benzene price rose by 7.96% week-on-week to approximately 5,965 RMB/ton, influenced by reduced imports and strong domestic demand [12] Company Tracking and Earnings Forecast - The report includes a detailed earnings forecast for key companies, indicating a positive outlook for several firms in the chemical sector, with expected earnings per share (EPS) growth for 2024 to 2026 [28]

Investment Rating - The report maintains a strong rating for the chemical industry, indicating a positive outlook for the sector [5]. Core Insights - The chemical sector has shown resilience with the CITIC Basic Chemical Index rising by 5.73% and the Shenwan Chemical Index increasing by 7.29% this week [13][16]. - Key sub-industries such as soda ash, chlor-alkali, and dyeing chemicals have experienced significant price increases, with soda ash rising by 13.3% [16]. - The report highlights the competitive strength of domestic tire manufacturers and suggests focusing on companies like Sailun Tire and Linglong Tire as potential growth opportunities [4]. - The polyurethane project by Huide Technology, with an annual production capacity of 600,000 tons, has commenced, indicating strategic growth in the new materials sector [3]. - The report emphasizes the tightening supply-demand dynamics in the phosphate chemical sector due to environmental regulations and increasing demand from the new energy sector [4]. Summary by Sections Market Overview - The Shanghai Composite Index increased by 0.84%, while the ChiNext Index decreased by 0.34% [13]. - The overall performance of the chemical sector is positive, with notable gains in various sub-industries [16]. Key Sub-Industry Developments - **Polyurethane**: The price of pure MDI in East China is reported at 17,600 RMB/ton, showing a week-on-week decline of 1.12% [28]. - **Tires**: The operating load for all-steel tires in Shandong is at 62.70%, reflecting a year-on-year increase of 20.70% [49]. - **Fertilizers**: Urea prices are at 1,757.45 RMB/ton, with a week-on-week decrease of 0.4% [63]. - **Vitamins**: The price of Vitamin A is reported at 61.5 RMB/kg, down 1.6% week-on-week [79]. Investment Themes - **Tire Sector**: Domestic tire companies are positioned strongly, with a focus on growth stocks [4]. - **Consumer Electronics**: Recovery in demand is anticipated, benefiting upstream material companies [4]. - **Phosphate Chemicals**: Supply constraints due to environmental policies are expected to tighten the market [4]. - **Vitamin Supply**: Supply disruptions in Vitamin A and E are noted, creating potential investment opportunities [4].

Core Viewpoint - SAILUN Tire's stock has experienced fluctuations, with a recent decline of 2.01% and a total market capitalization of 52.84 billion yuan, indicating a mixed performance in the market [1]. Group 1: Stock Performance - As of January 23, SAILUN Tire's stock price is 16.07 yuan per share, with a trading volume of 286 million yuan and a turnover rate of 0.54% [1]. - Year-to-date, the stock has decreased by 0.68%, with a 1.97% increase over the last five trading days, a 1.41% decrease over the last 20 days, and a 5.58% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, SAILUN Tire reported a revenue of 27.587 billion yuan, representing a year-on-year growth of 16.76%, while the net profit attributable to shareholders decreased by 11.47% to 2.872 billion yuan [2]. - Cumulatively, SAILUN Tire has distributed 4.758 billion yuan in dividends since its A-share listing, with 2.758 billion yuan distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for SAILUN Tire is 47,400, a decrease of 28.33% from the previous period, while the average circulating shares per person increased by 39.52% to 69,417 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 127 million shares, a decrease of 15.1469 million shares from the previous period [3].

Group 1 - The core viewpoint of the article highlights the strategic adjustments made by prominent fund managers at E Fund in their investment portfolios for Q4 2025, focusing on sectors like AI, healthcare, consumer goods, and technology [2][4][6][10] Group 2 - Zhang Kun adjusted the structure of investments in the healthcare, consumer, and technology sectors while maintaining a stable position in top holdings, which include Tencent Holdings, Kweichow Moutai, and Alibaba-W [4][5] - Zhang Kun expressed confidence in the improvement of living standards and social security in China over the next decade, suggesting a narrowing gap with developed countries [4] - The AI wave is seen as a significant driver for innovation, with strong domestic demand expected to attract global resources and talent [4][5] Group 3 - Chen Hao focused heavily on AI-related sectors, increasing allocations in power equipment, new energy, non-bank financials, and chemicals, which yielded positive returns [7][8] - Chen Hao anticipates a transition of the AI industry from an acceleration phase in 2025 to a stable growth phase in 2026, emphasizing the importance of structural opportunities and the integration of AI with local applications [7][8] Group 4 - Xiao Nan reduced allocations in high-end and sub-high-end liquor sectors while increasing investments in the livestock industry, anticipating inflation-driven cost increases over the next two years [10] - The top holdings in Xiao Nan's consumer sector fund remained unchanged, including Kweichow Moutai and Midea Group [10]

Core Insights - The event held on January 18 marked the launch of a full range of products by Sailun Group in Indonesia, emphasizing the theme "Made in Indonesia, Win Together" and indicating the full release of production capacity at the Indonesian factory, entering a new phase of collaborative and high-quality development [1][16] - The establishment of a comprehensive product matrix at the Indonesian factory is a significant step in Sailun's "intelligent manufacturing localization" strategy, enhancing supply chain resilience and overall competitiveness in overseas Asian markets [1][16] Product and Manufacturing - The Indonesian factory showcased a full product matrix including PCR (passenger car tires), TBR (commercial vehicle tires), OTR (off-the-road tires), inner tubes, and belts, demonstrating the capability to supply a wide range of tire products for various scenarios from daily commuting to professional transportation and construction [2][18] - The production of full-category products at the Indonesian factory is expected to significantly shorten delivery cycles in Southeast Asia and enhance responsiveness to customer demands, injecting new momentum into the group's competitiveness in overseas Asian markets [6][21] Strategic Partnerships and Development - The event gathered around 400 guests from various Asian countries, including government representatives and industry leaders, highlighting the collaborative efforts between government and enterprises to outline regional development plans [7][22] - Sailun Group's President emphasized the importance of the Indonesian factory as a key component of the global layout and a critical support for the localization strategy, with plans to continuously optimize product structure and improve manufacturing efficiency and quality [9][24] Market Response and Future Plans - The event saw several core customers confirming annual collaborations and signing substantial orders, reflecting strong market recognition of Sailun's "Made in Indonesia" products in terms of performance, quality, and delivery capabilities [10][25] - The appointment of a strategic advisor for TBR business aims to leverage regional market expertise and insights, further strengthening product planning and application promotion capabilities in the TBR sector [10][25] - The Asian Overseas Regional Manager stated that Indonesia will continue to be a vital strategic hub, focusing on deepening localized manufacturing and full-category product layout to enhance market responsiveness and service capabilities for sustainable, high-quality development in overseas Asian markets [13][28] Overall Impact - The successful hosting of the event not only showcased Sailun Group's comprehensive strength in overseas Asian markets but also solidified its collaboration with government, media, and partners, laying a solid foundation for long-term development in Indonesia and broader regional markets [15][30]