分析师 1: 各位尊敬的投资者，大家晚上好！非常感谢大家在这个周一晚上黄金时间段拨冗参加我们 国新汽车团队组织的这个汽车 2026 年的策略汇报其实这也不能说是我们这个年度策略的 一个汇报，因为我们其实针对一个 2026 年，就是去年 25 年 11 月写的这个年度策略，做 了一个补充的这个策略专题。对 20 年，就 2005 年到 2025 年的 20 年汽车行情，还有汽 车增速做了一个复盘。然后有定量也有定性的这个分析，包括对 26 年做了一个展望，所 以这次的会议，首先我们是会快速地过一下我们这个策略复盘的这个要点，得到了一些什 么结论？ 第三个就是我们也复盘了一下 2018 年，因为 2026 年哦，在我们看来其实跟 2018 年有 点相似，因为 2018 年也是一个就是补贴政策，各种政策退出的一个年份。然后汽车行业， 也出现了首年的这个销量下滑，那是 2018 年发生的事情。然后 2026 年，我们觉得也是 有销量下行的压力的。其实政策也退出。那对比 2018 年，其实汽车板块是在 2018 年的 6，6 月份开始出现销量的下滑，但是汽车行情是 3 月份就开始跌了。然后到 11 到 10 月 份的时 ...

Group 1 - The stock of Aikodi closed at 20.28 yuan, with a rise of 1.05% on January 21, and recorded 9 block trades totaling 1.378 million shares and a transaction amount of 26.0028 million yuan [1][2] - The first four block trades were executed at a price of 18.87 yuan per share, with a total of 12,000 shares, 17,000 shares, 17,000 shares, and 21,200 shares traded respectively, all showing a discount of -6.95% [1][2] - The last five block trades also occurred at the same price of 18.87 yuan per share, with transaction volumes of 12,000 shares, 20,000 shares, 10,600 shares, 16,000 shares, and 12,000 shares, maintaining the same discount rate [2] Group 2 - Over the past three months, Aikodi has recorded a total of 12 block trades with a cumulative transaction amount of 104 million yuan [3] - In the last five trading days, the stock has increased by 3.63%, while the net outflow of main funds amounted to 37.702 million yuan [3]

1月21日，爱柯迪大宗交易成交137.8万股，成交额2600.28万元，占当日总成交额的8.47%，成交价18.87 元，较市场收盘价20.28元折价6.95%。 | 交易日期 | 证券简称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 类出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-01-21 | 爱柯迪 | 600933 | 18.87 | 400.04 | 21.2 | 公司在州市国合会 | 空量量的 | KA | | 2026-01-21 | 爱柯迪 | 600933 | 18.87 | 377.4 | 20 | 机构专用 | 公司主要的数量 | Ka | | 2026-01-21 | 爱柯迪 | 600933 | 18.87 | 320.79 | 17 | 有限公司机械面 | 空间点 30 | 番 | | 2026-01-21 | 爱柯迪 | 600933 | 18.87 | 320.79 | 17 | 委員會交易委員 | 委副手委常见思想 | ...

Group 1 - The core transaction involved 449,000 shares of Aikodi, with a total transaction value of 8.4726 million yuan, representing 2.39% of the total trading volume for the day [1] - The transaction price was 18.87 yuan per share, which is a 7% discount compared to the market closing price of 20.29 yuan [1]

Group 1 - The core point of the article is that Aikodi (600933.SH) announced a reduction in shareholding by its shareholder, Lingtou Hong Kong Co., Ltd., and its concerted parties, resulting in a decrease in their ownership percentage from 6.6991% to 5.9561% [1] - The reduction involved the sale of 7.6536 million shares through block trading and competitive bidding from January 15 to January 16, 2026 [1] - Following the equity change, the total number of shares held by Lingtou Hong Kong Co., Ltd. and its concerted parties decreased from 69,009,427 shares to 61,355,818 shares, impacting their stake in the company's total share capital [1]

领拓香港有限公司及其一致行动人保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 6.70% | | | | 权益变动后合计比例 | 5.96% | | | | 本次变动是否违反已作出的承 | 是□ | 否☑ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 爱柯迪股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 | 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2026-002 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 5%以上大股东及其一致行动人 | | --- | --- | | | ☑其他 | | 投 ...

Core Viewpoint - The company Aikodi announced a share reduction plan involving the sale of 7,653,609 shares, decreasing the shareholding percentage from 6.70% to 5.96% [1] Group 1 - The share reduction will be executed by shareholder Lintuo Hong Kong Limited and its concerted parties, Sheng Hong and Guojin Securities, through block trading and bidding [1] - This reduction is part of a previously disclosed plan and has not been fully implemented [1] - The share reduction will not lead to a change in the company's controlling shareholder or actual controller, nor does it violate any relevant regulations [1]

Core Viewpoint - Aikodi experienced a block trade on January 15, with a transaction volume of 3.1691 million shares and a transaction value of 61.4805 million yuan, at a price of 19.40 yuan, which represents a discount of 1.02% compared to the closing price of the day [2] Summary by Categories Block Trade Details - The block trade involved a volume of 3.1691 million shares and a transaction amount of 61.4805 million yuan [2] - The transaction price was set at 19.40 yuan, reflecting a discount of 1.02% relative to the closing price of the day [2] - The buyer's brokerage was an institutional proprietary trading department, while the seller was Dongbei Securities Co., Ltd. Ningbo Branch [2] Stock Performance - Aikodi's closing price on the same day was 19.60 yuan, showing a slight increase of 0.15% [2] - The daily turnover rate was recorded at 0.91%, with a total transaction amount of 175 million yuan [2] - There was a net outflow of 435,600 yuan in main capital throughout the day, and the stock has seen a cumulative decline of 4.16% over the past five days, with a total net outflow of 113 million yuan [2] Margin Trading Data - The latest margin financing balance for Aikodi stood at 338 million yuan, which decreased by 12.7244 million yuan over the past five days, representing a decline of 3.63% [2]

Group 1 - The stock of Aikodi closed at 19.60 yuan on January 15, with a slight increase of 0.15% [1] - A significant block trade occurred, involving a total volume of 3.1691 million shares and a transaction amount of 61.4805 million yuan [1] - The first transaction price was 19.40 yuan, with a premium rate of -1.02%, indicating a slight discount on the trade [1] Group 2 - Over the past three months, Aikodi has recorded only one block trade, with a total transaction amount of 61.4805 million yuan [1] - In the last five trading days, the stock has experienced a cumulative decline of 4.16%, with a net outflow of 119 million yuan from major funds [1]

Group 1 - The core transaction involved 3.1691 million shares of Aikodi, with a total transaction value of 61.4805 million yuan, accounting for 26.04% of the total trading volume on that day [1][2] - The transaction price was 19.4 yuan, which represents a discount of 1.02% compared to the market closing price of 19.6 yuan [1][2] - The buying party was identified as an institutional special account, indicating a significant interest from institutional investors [2]