登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002984 证券简称：森麒麟 公告编号：2026-013 2026年2月28日 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 近日，青岛森麒麟轮胎股份有限公司（以下简称"公司"）董事会收到公司副总经理Philippe OBERTI先 生的书面申请。Philippe OBERTI先生申请退休并离任公司副总经理职务，离任后不再担任公司及子公 司任何职务。Philippe OBERTI先生负责的工作已按照公司规定妥善交接，由董事长秦龙先生代管研发 中心，根据《公司法》及《公司章程》等有关规定，Philippe OBERTI先生的退休离任申请自送达公司 董事会之日起生效。 截至本公告披露日，Philippe OBERTI先生未持有公司股份，不存在未履行完毕的公开承诺。Philippe OBERTI先生在担任副总经理期间对研发中心全球人才梯队建设、统筹技术规划与落地做出了贡献，公 司董事会对Philippe OBERTI先生表示衷心感谢！ 特此公告。 青岛森麒麟轮胎股份有限公司董事会 债券代码：127050 ...

2025年，美国交通部（DOT）新颁发了39个轮胎工厂识别代码，这被视为进入北美市场的关键"准入证"。其中，中国企业表现强势，一举斩获26个新代 码，占比高达近七成，涵盖中国本土20个、柬埔寨5个以及摩洛哥1个新工厂。 这一数据不仅刷新了中国轮胎产能扩张的纪录，更折射出中国轮胎行业"内外并举"的全球化布局新趋势。 头部企业加码布局，产能升级换挡 在此次获批名单中，中国轮胎领军企业的动向尤为引人关注。中策橡胶集团斩获两个新代码，分别归属于中策橡胶（金坛）有限公司（代码08L）和中策 橡胶（天津）有限公司（代码09L）。据悉，金坛工厂正在加速扩建以生产电动汽车轮胎，而天津工厂则在收购天力轮胎品牌后进行价值4亿美元的转型 升级。 赛轮集团同样动作频频，其新注册的赛轮新和平（沈阳）轮胎有限公司（代码09P）标志着对原普利司通工厂的收购扩建项目正式落地。该项目总投资2.4 亿美元，分两期建设，达产后年产能将突破300万条，进一步巩固赛轮在东北地区的制造优势。 此外，森麒麟、双驼、万峻、库比森等多家国内企业也纷纷获得新代码，显示出中国轮胎制造业在产能规模和技术准入上的整体跃升。 海外基地成"出海"新引擎，柬埔寨成投资热土 ...

截至本公告披露日，Philippe OBERTI先生未持有公司股份，不存在未履行完毕的 公开承诺。Philippe OBERTI先生在担任副总经理期间对研发中心全球人才梯队建设、 统筹技术规划与落地做出了贡献，公司董事会对Philippe OBERTI先生表示衷心感谢！ 特此公告。 青岛森麒麟轮胎股份有限公司董事会 2026年2月28日 青岛森麒麟轮胎股份有限公司 关于公司高级管理人员退休离任的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 近日，青岛森麒麟轮胎股份有限公司（以下简称"公司"）董事会收到公司副总 经理Philippe OBERTI先生的书面申请。Philippe OBERTI先生申请退休并离任公司副 总经理职务，离任后不再担任公司及子公司任何职务。Philippe OBERTI先生负责的工 作已按照公司规定妥善交接，由董事长秦龙先生代管研发中心，根据《公司法》及《公 司章程》等有关规定，Philippe OBERTI先生的退休离任申请自送达公司董事会之日起 生效。 | 证券代码：002984 | 证券简称：森麒麟 | 公告编号：2026- ...

（记者 曾健辉） 每经头条（nbdtoutiao）——中美大反转，中国AI调用量首超美国，A股嗨了，多板块掀涨停潮！华尔 街知名分析师：中国算力路径颠覆传统认知 每经AI快讯，森麒麟2月27日晚间发布公告称，Philippe OBERTI先生申请退休并离任公司副总经理职 务，离任后不再担任公司及子公司任何职务。 ...

Investment Rating - The report maintains a "Positive" rating for the chemical industry [4][3]. Core Insights - The macroeconomic outlook for the chemical industry indicates a stable increase in oil demand due to global economic recovery and tariff adjustments, with Brent crude oil expected to remain in the range of $60-75 per barrel [4][5]. - The report highlights a potential spring boom in the chemical sector, driven by the success of domestic robotics showcased during the Spring Festival and favorable export conditions following tariff reductions [4][3]. - Investment opportunities are identified in various chains, including textiles, agricultural chemicals, and overseas real estate, with specific companies recommended for investment [4][3]. Industry Dynamics - Oil supply is tightening due to OPEC+ production delays and peak shale oil output, while demand is stabilizing with improved global economic conditions [5]. - The chemical industry is at a cyclical turning point, with downstream operations gradually resuming post-holiday, indicating a positive demand outlook for the year [4][3]. - The report notes that the Producer Price Index (PPI) for industrial products decreased by 1.4% year-on-year in January, while the manufacturing PMI recorded 49.3, indicating some volatility in manufacturing activity [7][4]. Investment Analysis - The report suggests a diversified investment strategy focusing on four key areas: textiles, agricultural chemicals, export chains, and beneficiaries of "anti-involution" policies [4][3]. - Specific companies to watch include those in the textile chain like Lu Xi Chemical and Tongkun Co., and in the agricultural chain like Hualu Hengsheng and Baofeng Energy [4][3]. - The report emphasizes the importance of self-sufficiency in key materials, particularly in semiconductor and panel materials, recommending companies such as Yake Technology and Ruilian New Materials [4][3].

Capacity Expansion - The Moroccan factory is in the ramp-up phase, expected to reach full production by 2026, with Q4 2025 sales showing a month-on-month improvement and customer orders exceeding production plans [1] - In 2026, the company plans to increase semi-steel tire sales at the Thailand factory from a designed capacity of 16 million units to 17.5-18 million units, while the target for all-steel tire capacity is 1.4 million units, continuing to pursue intelligent optimization [2] Business Progress - The company has entered the supplier list for aircraft manufacturers such as Boeing and Airbus, achieving bulk supply for certain aircraft models, and will continue to expand certification and supply scope based on collaborative R&D agreements [3] Performance and Operations - The company's Q3 2025 report shows revenue growth year-on-year, but net profit has declined, with market attention on the timing and content of the full-year 2025 performance announcement [4] Corporate Structure and Governance - In January 2026, the company's board reviewed a proposal to hold the first extraordinary general meeting of shareholders in 2026, which may involve important governance matters [5] Strategic Advancement - According to the "833plus" plan, the company aims to build eight smart manufacturing bases globally over ten years, with the Moroccan project being a key step. The company continues to address market rumors, emphasizing the use of legal means to protect its rights [6]

Summary of Conference Call on Senqilin and the Tire Industry Company and Industry Overview - The conference call focuses on the Chinese tire industry, specifically highlighting Senqilin, along with other companies like Zhongce and Sailun, and their expansion into overseas markets [2][4][12]. Key Points and Arguments Market Potential and Growth - Chinese tire companies currently hold less than 20% of the overseas market share, indicating significant room for growth as new factories from companies like Zhongce, Sailun, and Senqilin come online in 2026, leading to increased production capacity and performance growth [2][4]. - The tire sector is expected to experience a "Davis Double Play" opportunity in 2026, with potential for the entire sector to double in growth, driven by both performance and valuation improvements [3]. Performance Drivers - Performance growth is attributed to volume increases and profit margin improvements. The overseas market share is still low, and new factory outputs will significantly enhance profits [4]. - Senqilin's Moroccan factory is designed to produce 12 million semi-steel tires, with a projected production ramp-up that could yield over 40% performance elasticity once it reaches full capacity [4][13]. Tariff Impacts - The U.S. will impose tariffs starting April 2025, which will affect Chinese companies' U.S. business. Companies plan to gradually pass these costs onto consumers, expecting to restore profit margins over the coming quarters [5][9]. - The European anti-dumping policy, expected to be implemented in March 2026, will impose tariffs on Chinese semi-steel tires, benefiting large Chinese tire companies with quality production capabilities, allowing them to increase prices and improve profit margins [5][10][11]. High-End Market Opportunities - 2026 marks the beginning of high-end tire supply opportunities for Chinese companies, with a focus on increasing market share in the high-end segment, which is currently dominated by brands like Michelin and Goodyear [6][12]. Overseas Production Expansion - Chinese tire companies are diversifying their overseas production locations beyond Southeast Asia to include Morocco, Serbia, Mexico, Indonesia, Malaysia, and Brazil, which helps mitigate risks from potential regional production restrictions [7][11]. Competitive Landscape - The European anti-dumping policy will significantly impact smaller tire manufacturers in regions like Shandong, as they have relied heavily on exports to Europe. This shift will create opportunities for larger Chinese companies to fill the supply gap, enhancing their sales and pricing power [8][10]. Senqilin's Financial Performance - Senqilin's business is primarily focused on semi-steel tires, with an overseas revenue share of approximately 90%. The company has a net profit margin close to 30%, attributed to its export-oriented strategy [12]. - The market values Senqilin at a PE ratio of around 13-15 times, reflecting strong performance and a consistent ROE near 20% [12]. Additional Important Insights - The Moroccan factory's production ramp-up is crucial for Senqilin's performance, with expectations of reaching full capacity by April 2026, which will significantly impact the company's stock price [13][14]. - Investors are advised to monitor developments related to the Moroccan factory, European tariffs, and currency fluctuations, as these factors currently suppress Senqilin's stock price but may present a buying opportunity as issues are resolved [14].

Core Viewpoint - Companies are increasingly recognizing the importance of price risk management due to global commodity price fluctuations, engaging in futures and derivatives trading to safeguard high-quality development [1] Group 1: North Copper Industry - North Copper Industry announced plans to mitigate operational risks from price fluctuations of main products by engaging in copper, gold, and silver futures contracts through the Shanghai Futures Exchange, with a margin investment not exceeding RMB 700 million [2] - The company aims to align its futures hedging activities with its operational business to maximize the hedging of price volatility risks and has established a hedging management system to enhance internal controls and risk prevention measures [2] Group 2: Senqilin - Qingdao Senqilin Tire announced its intention to utilize the hedging functions of the futures market to effectively control market risks and mitigate adverse impacts from significant raw material price fluctuations, with a maximum margin and premium limit of RMB 200 million for its hedging activities [3] - The company will engage in futures contracts related to natural rubber and other commodities directly linked to its production operations, ensuring that the scale of its hedging activities matches its business operations [3] Group 3: Minglida - Minglida announced plans to conduct futures hedging activities to effectively address raw material price volatility risks, stabilize production costs, and enhance the predictability of its profitability, with a maximum margin and premium limit of RMB 250 million [4] - The company will limit its hedging activities to futures contracts for aluminum, aluminum alloys, and copper traded on domestic commodity exchanges, establishing a management system that outlines approval authority, operational processes, and risk control measures [4]

Investment Rating - The report maintains an "Overweight" rating for the oil and gas sector and the basic chemicals sector [5]. Core Insights - The overall price spread in the industry improved in January, indicating a potential recovery in profitability for 2026, with the CCPI-raw material price spread reaching 2631, up from 2500 at the end of 2025 [1][9]. - The demand for chemical products is shifting from real estate to consumer goods, infrastructure, and emerging technologies, with significant growth potential driven by global economic trends [2][11]. - The capital expenditure growth in the chemical industry has been declining since June 2025, suggesting a supply-side adjustment is approaching, which may lead to improved profitability in the sector [2][16]. Summary by Sections Price Trends - In January, oil prices rose due to geopolitical tensions and strong global crude oil replenishment demand, leading to a slight improvement in the price spread of most chemical products [9][21]. - Major price increases were observed in products like lithium carbonate and butadiene, while some products like methyltrichlorosilane saw price declines due to supply adjustments [3][33]. Supply and Demand Dynamics - The January PMI was reported at 49.3, indicating a continued bottoming out in the real estate sector, while consumer goods and major infrastructure showed positive growth [2][11]. - The chemical industry is expected to see a recovery in demand, supported by the exit of high-energy-consuming facilities in Europe and North America, and economic growth in Asia, Africa, and Latin America [2][11][14]. Investment Strategy - The report suggests focusing on sectors with potential recovery, such as oil and gas, basic chemicals, and companies leveraging synthetic biology for cost reduction [32]. - Specific stock recommendations include China Petroleum & Chemical Corporation, Baofeng Energy, and Yun Tianhua, among others, highlighting their potential for growth and profitability [7][32]. Monthly Performance Review - In January, the basic chemical index rose by 12.72%, with significant gains in sub-sectors like dye chemicals and petrochemical raw materials [34][36]. - The report notes that the chemical industry is experiencing a recovery phase, with various sub-sectors showing positive price movements and improved market conditions [34][36].

Group 1 - The core viewpoint of the news is that Qingdao Senqilin Tire Co., Ltd. has seen a stock price increase of 5.03%, reaching 21.08 yuan per share, with a total market capitalization of 21.839 billion yuan as of the report date [1] - The company specializes in the research, production, and sales of green, safe, high-quality, and high-performance radial tires, including semi-steel and all-steel radial tires, as well as aviation tires [1] - The main business revenue composition of the company is 99.83% from tires and 0.17% from other supplementary sources [1] Group 2 - Among the top ten circulating shareholders of Senqilin, a fund under Southern Fund has reduced its holdings by 187,600 shares, now holding 9.0306 million shares, which accounts for 1.27% of the circulating shares [2] - The Southern CSI 500 ETF (510500) has achieved a year-to-date return of 11.03% and a one-year return of 50.82%, ranking 628 out of 5562 and 1196 out of 4285 respectively in its category [2] - The fund manager of Southern CSI 500 ETF, Luo Wenjie, has a total fund asset scale of 171.358 billion yuan, with the best fund return during his tenure being 187.93% [3]