证券代码：601966 证券简称：玲珑轮胎 公告编号：2024-069 山东玲珑轮胎股份有限公司 ●本次担保金额及已实际为其提供的担保余额： 山东玲珑轮胎股份有限公司（以下简称"公司"）本次为全资子 公司塞尔维亚玲珑提供担保金额为 6,824,151.00 欧元，截止本公告 日，公司已实际为其提供的担保余额为 3,214.94 万欧元。 ●本次担保是否有反担保：无 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个别及连带责任。 重要内容提示： ●被担保人名称：Linglong International Europe d.o.o. Zrenjanin（以下简称"塞尔维亚玲珑"） ●对外担保逾期的累计数量：无 一、担保情况概述 近日，因子公司塞尔维亚玲珑业务需要，公司向中国银行股份有 限公司申请开立了其他非融资性保函，保函金额为 6,824,151.00 欧 元。公司为中国银行股份有限公司开具的保函提供保证金质押及信用 担保，担保金额为 6,824,151.00 欧元。 根据公司 2024 年 4 月 24 日召开的第五届董事会第十六次会 ...

(四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长王锋先生主持会议。本次股东大会 采取现场投票和网络投票结合的表决方式，符合《公司法》及《公司章程》的规 定。 (一) 股东大会召开的时间：2024 年 9 月 11 日 (二) 股东大会召开的地点：山东省招远市金龙路 777 号，公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： (五) 公司董事、监事和董事会秘书的出席情况 证券代码：601966 证券简称：玲珑轮胎 公告编号：2024-067 山东玲珑轮胎股份有限公司 2024 年第三次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 684 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 839,588,891 | | 3、出席会议的股东所持有表决权股份数占公司有表 ...

证券代码：601966 证券简称：玲珑轮胎 公告编号：2024-068 山东玲珑轮胎股份有限公司 关于提前归还部分募集资金的公告 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个别及连带责任。 2024 年 3 月 8 日，山东玲珑轮胎股份有限公司（以下简称"公 司"）召开第五届董事会第十五次会议以及第五届监事会第十二次会 议审议通过了《关于使用部分闲置募集资金暂时补充流动资金的议 案》，同意吉林玲珑轮胎有限公司（以下简称"吉林玲珑"）使用部分 闲置募集资金共计 30,000 万元暂时补充流动资金，使用期限自董事 会审议通过之日起不超过 12 个月。公司监事会及保荐机构均发表了 明确同意的意见。具体内容请详见公司于 2024 年 3 月 9 日在上海证 券交易所网站披露的《山东玲珑轮胎股份有限公司关于使用部分闲置 募集资金暂时补充流动资金的公告》（公告编号：2024-015）。 2024 年 5 月 14 日，吉林玲珑将暂时用于补充吉林玲珑流动资金 的募集资金中的 5,000 万元提前归还至吉林玲珑募集资金专户，具体 内容请详见公司于 ...

北京市中伦（青岛）律师事务所 关于山东玲珑轮胎股份有限公司 2024 年第三次临时股东大会的 法律意见书 二〇二四年九月 山东省青岛市香港中路 61 号乙远洋大厦 A 座 27-28 层 邮编：266071 27-28/F, Tower A, COSCO Plaza, 61B Hong Kong Middle Road, Qingdao, Shandong 266071, P.R. China 电话/Tel : +86 532 5572 8677/8678 传真/Fax : +86 532 5572 8667/7666 www.zhonglun.com 北京市中伦（青岛）律师事务所 关于山东玲珑轮胎股份有限公司 2024 年第三次临时股东大会的 法律意见书 致：山东玲珑轮胎股份有限公司 北京市中伦（青岛）律师事务所（以下简称"本所"）接受山东玲珑轮胎股 份有限公司（以下简称"公司"）的委托，根据本法律意见书出具日前已经发生 或存在的事实和《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 股东大会规则》《律师事务所从事证券法律业务管理办法》《律师事务所证券法律 业务执业规则（试行）》等中华人民共和国（ ...

%% %% 丨证券研究报告丨 公司研究丨点评报告丨玲珑轮胎（601966.SH） [Table_Title] Q2 业绩持续提升，塞尔维亚基地不断推进 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 报告要点 | | | [Table_Summary] 公司发布 2024 年中报，上半年实现收入 103.8 亿元（同比 +12.4% ），实现归属净利润 9.3 亿 | | | 元（同比 +65.0% ），实现归属扣非净利润 9 ...

证券研究报告 公司点评 玲珑轮胎(601966.SH) 汽车｜ 汽车零部件 行业复苏确定，海外提供增量 2024 年 09 月 05 日 评级 买入 | --- | --- | --- | --- | --- | --- | |------------------------------|----------------|----------------|----------------|----------------|--------------| | 预测指标 主营收入 ( 亿元 ) | 2022A 170.05 | 2023A 201.65 | 2024E 225.64 | 2025E 252.49 | 2026E 282.56 | | 净利润 ( 亿元 ) | 2.91 | 13.90 | 22.56 | 27.93 | 32.34 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 资料来源：iFinD，财信证券 投资要点： 公司发布 2024 年中报，报告期内公司实现营业收入 103.80 亿元，同 比增长 12.37%。归属于上市 ...

Investment Rating - Buy rating is maintained for the company [1][15] Core Views - The company's net profit attributable to the parent company in 2024Q2 increased by 39 49% YoY and 0 43 billion QoQ [1][3] - The company plans to expand its Serbia project with an investment of 645 38 million USD aiming to produce 1 1 million high-performance radial tires [6] - The company's tire production and sales volume in 2024Q2 increased by 12 34% and 10 21% QoQ respectively [2] - The company's gross profit margin in 2024Q2 was 22 06% with a net profit margin of 9 08% [1][8] Financial Performance - In 2024H1 the company achieved operating revenue of 103 80 billion CNY a YoY increase of 12 37% and net profit attributable to the parent company of 9 25 billion CNY a YoY increase of 85 88% [1] - The company's operating cash flow in 2024Q2 was 5 02 billion CNY [14] - The company's R&D expenses in 2024Q2 were 2 05 billion CNY a QoQ increase of 0 03 billion CNY [5] Production and Sales Data - In 2024Q2 the company produced 2 183 71 million tires a YoY increase of 8 62% and sold 2 092 2 million tires a YoY increase of 8 62% [1][8] - The company's tire production and sales rate in 2024Q2 was 95 81% [8] Overseas Operations - The company's Thailand subsidiary achieved operating revenue of 2 018 billion CNY in 2024H1 a YoY increase of 26 77% [2] - The Serbia factory's first phase of truck and passenger car tire production has entered the capacity release stage contributing to the company's overseas market growth [6] Future Projections - The company's revenue is expected to reach 245 16 billion CNY in 2024 263 86 billion CNY in 2025 and 284 08 billion CNY in 2026 [6][15] - Net profit attributable to the parent company is projected to be 23 46 billion CNY in 2024 28 00 billion CNY in 2025 and 34 23 billion CNY in 2026 [6][15] - The company's ROE is expected to increase from 10% in 2024 to 13% in 2026 [15]

Investment Rating - The report maintains an "Outperform" rating for Linglong Tire (601966.SH) [1][3][23] Core Views - Linglong Tire's net profit in Q2 increased by 40% year-on-year, driven by a global strategy and strong domestic and international demand [1][4] - The company is expected to benefit from its "7+5" globalization strategy, focusing on capacity expansion, high-end product penetration, and retail growth [1][23] - The report forecasts a steady increase in net profit for the years 2024, 2025, and 2026, estimating RMB 22.1 billion, RMB 29.0 billion, and RMB 33.8 billion respectively [1][23] Financial Performance Summary - In H1 2024, Linglong Tire achieved revenue of RMB 10.38 billion, a year-on-year increase of 12.4%, and a net profit of RMB 930 million, up 65% year-on-year [1][4] - The Q2 2024 revenue was RMB 5.34 billion, reflecting a 10% increase year-on-year, with tire sales volume reaching 20.92 million units, up 8.6% year-on-year [1][4] - The gross margin for Q2 2024 was 22.1%, an increase of 3.4 percentage points year-on-year, attributed to improved capacity utilization and product mix optimization [1][4] Capacity and Production Insights - The report highlights the successful ramp-up of production at the Thailand factory, which contributed RMB 490 million to net profit in H1 2024, a 29.1% increase year-on-year [1][4] - The Serbia factory is expected to gradually contribute positively to profits as it begins production of truck and passenger car tires [1][4][13] Strategic Initiatives - Linglong Tire is focusing on enhancing its retail presence through the establishment of "Linglong Car Service Stations" and partnerships with platforms like JD.com to boost sales [1][17][18] - The company is also investing in R&D to improve product quality and performance, with a focus on innovative tire technologies [1][19][20] Market Position and Competitive Edge - Linglong Tire continues to lead in the domestic tire market, with a strong emphasis on high-end product offerings and partnerships with major automotive brands [1][16][23] - The company has maintained its position as the top supplier for various domestic and international automotive manufacturers, enhancing its brand recognition globally [1][16][20]

Investment Rating - The report maintains a "Buy" investment rating for Linglong Tire [3][6]. Core Insights - Linglong Tire has achieved breakthroughs in the mid-to-high-end market by optimizing its supply chain and product structure, with significant recognition from both domestic and international manufacturers [2][3]. - The company reported a revenue of 10.38 billion yuan for the first half of 2024, a year-on-year increase of 12.37%, and a net profit of 0.925 billion yuan, up 64.95% year-on-year [3][6]. - Linglong Tire's production and sales volumes have significantly increased, with a total production of 43.39 million tires in the first half of 2024, representing an 18.71% year-on-year growth [3][6]. Summary by Sections Market Performance - The company has successfully entered the mid-to-high-end market by launching 13 new commercial vehicle tire projects and 21 new passenger vehicle tire projects domestically, along with 16 new overseas projects [2]. - The global supply volume has exceeded 13 million tires, with a cumulative supply of nearly 280 million tires, making it the leading tire supplier in China [2]. Strategic Layout - Linglong Tire is expanding its overseas production capacity, with a planned investment of 4.62 billion yuan to expand its factory in Serbia, aiming for an annual production capacity of 1.1 million high-performance tires [5][6]. - The company continues to implement its "7+5" strategic layout, launching new product series to stand out in a competitive market [4][5]. Profit Forecast - The company expects to confirm an increase in net profit due to anti-dumping tax refunds amounting to 56.06 million USD [6]. - Forecasted EPS for 2024-2026 are 1.53, 1.88, and 2.23 yuan, with corresponding PE ratios of 10.3, 8.4, and 7.0 times [6].

证券研究报告 非金融公司|公司点评|玲珑轮胎（601966） 盈利改善，塞尔维亚工厂可期 请务必阅读报告末页的重要声明 glzqdatemark1 2024年08月27日 证券研究报告 |报告要点 2024 年上半年公司实现营业收入 103.8 亿元，同比增长 12%；归母净利润 9.3 亿元，同比增 长 65%。其中 2024Q2 实现营业收入 53.4 亿元，同比增长 10%，环比增长 6%；归母净利润 4.8 亿元，同比增长 39%，环比增长 10%。公司业绩同比大增主要得益于海外需求较好带来的产销 量增长，上半年公司实现轮胎产/销量 4339/3991 万条，同比分别+19%/+11%。上半年公司配 套领域实现新突破，未来有望带动替换市场需求。此外，公司坚定全球战略布局，塞尔维亚工 厂一期卡客车胎、乘用车胎已进入产能释放阶段，未来有望成为公司业绩增长的新引擎。 |分析师及联系人 许隽逸 申起昊 SAC：S0590524060003 SAC：S0590524070002 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年08月27日 玲珑轮胎(6019 ...