国金证券股份有限公司 关于 爱柯迪股份有限公司 发行股份及支付现金购买资产并 募集配套资金 （一）本核查意见所依据的文件和材料由相关各方提供，相关各方对所提 供文件及资料的真实性、准确性和完整性负责，并保证该等信息不存在虚假记 载、误导性陈述或者重大遗漏。本独立财务顾问不承担由此引起的任何风险责 任。 （二）本核查意见是在假设本次交易各方当事人均全面和及时履行本次交 易相关协议和声明或承诺的基础上出具。 （三）本核查意见不构成对上市公司的任何投资建议或意见，对投资者根 据本核查意见作出的任何投资决策可能产生的风险，本独立财务顾问不承担任 何责任。 实施情况 之 独立财务顾问核查意见 独立财务顾问 二〇二五年十月 声明与承诺 国金证券股份有限公司接受爱柯迪股份有限公司的委托，担任本次爱柯迪 股份有限公司发行股份及支付现金购买资产并募集配套资金之独立财务顾问。 本核查意见是依据《公司法》《证券法》《上市公司重大资产重组管理办法》 《公开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资 产重组》等相关法律法规的规定，按照证券行业公认的业务标准、道德规范和诚 实信用、勤勉尽责精神，遵循客观、公正的原 ...

Core Points - The shareholding ratio of Zhang Jiancheng and several investment management companies has decreased from 45.9992% to 43.6589% due to active increase in holdings and passive dilution caused by the company's equity incentive plan, convertible bond conversion, and issuance of shares for asset acquisition [1] Summary by Categories Shareholding Changes - The shareholding change period is from April 10, 2024, to October 10, 2025, and the change has reached a 5% threshold [1] - The decrease in shareholding is attributed to both active and passive factors, including the company's initiatives [1] Disclosure Obligations - The company will fulfill its information disclosure obligations in accordance with the regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange if there are any relevant shareholding changes within the next 12 months [1]

Core Viewpoint - The acquisition of Zhuoerbo by Aikedi is expected to enhance the company's profitability and expand its operational capabilities in the automotive and robotics sectors [1] Group 1: Acquisition Details - Aikedi has completed the acquisition of Zhuoerbo, holding 71% of its shares, making Zhuoerbo a subsidiary [1] - Zhuoerbo specializes in micro and special motor components, which is anticipated to contribute significantly to Aikedi's net profit [1] Group 2: Financial Projections - Zhuoerbo has committed to achieving net profits of no less than 141.5 million, 156.9 million, and 174.1 million yuan for the years 2025 to 2027, respectively [1] - This acquisition is expected to enhance Aikedi's net profit by over 100 million yuan [1] Group 3: Synergy and Growth Potential - The collaboration between Aikedi and Zhuoerbo is expected to create synergies in technology and market development, particularly in the "automotive + robotics" business [1] - Aikedi's overseas capacity expansion is on the verge of ramping up, with the second phase of the Mexico plant entering production and the Malaysia recycling plant set to commence production soon [1] - The construction of an aluminum casting plant has also started, laying a crucial foundation for future performance growth [1] Group 4: Stock Rating - The six-month target price for Aikedi's A-shares is set at 28.91 yuan, maintaining a "buy" rating [1]

Core Points - Aikodi announced that it has not implemented any share buybacks as of September 2025 [2] - As of September 30, 2025, the company has repurchased a total of 5.6914 million shares, which represents 0.58% of the total share capital [2]

Core Viewpoint - Aikedi (600933.SH) has announced a share buyback program, indicating a commitment to returning value to shareholders through repurchasing shares at varying prices [1] Group 1: Share Buyback Details - As of September 30, 2025, the company has repurchased a total of 5.6914 million shares, which represents 0.58% of the total share capital [1] - The highest purchase price for the shares was 18.00 CNY per share, while the lowest was 15.37 CNY per share [1] - The total amount spent on the buyback, excluding transaction fees, is 92.074 million CNY [1]

爱柯迪股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2025/6/19 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 6 6 月 | 月 | 18 | 日~2026 | 年 | 17 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 569.14万股 | | | | | | | 累计已回购股数占总股本比例 | 0.58% | | | | | | | 累计已回购金额 | 9,207.40万元 | | | | | | | 实际回购价格区间 | 15.37元/股~18.00元/股 | | | | ...

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-117 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 关于可转债转股结果暨股份变动的公告 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。 重要内容提示： 未转股可转债情况：截至2025年9月30日，尚未转股的"爱迪转债"金额 为1,569,632,000元，占"爱迪转债"发行总额的99.9766%。 本季度转股情况：自2025年7月1日至2025年9月30日期间，"爱迪转债" 累计转股金额为人民币117,000元，累计转股股数为6,596股。 一、可转债发行上市概况 经中国证券监督管理委员会（证监许可[2022]1917 号）文核准，爱柯迪股 份有限公司（以下简称"爱柯迪"或"本公司"或"公司"）于 2022 年 9 月 23 日公开发行了 1,570 万张可转换公司债券，每张面值 100 元，发行总额 157,000 万元，期限 6 年。 经上海证券交易所自律监管决定书[ ...

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-115 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 重要内容提示： 爱柯迪股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日在中国证券 登记结算有限责任公司上海分公司（以下简称"中登公司上海分公司"）完成办 理公司第六期限制性股票激励计划（以下简称"激励计划"）预留部分第二次授 予所涉及限制性股票登记手续，现将相关事项公告如下： 一、限制性股票授予情况 （一）限制性股票预留授予情况 2025 年 9 月 15 日，公司召开第四届董事会第十四次会议、第四届董事会薪 酬与考核委员会第六次会议，审议通过《关于调整第六期限制性股票激励计划授 予价格及预留部分第二次授予的议案》，董事会薪酬与考核委员会对本次预留部 分第二次授予限制性股票的激励对象名单及授予安排等相关事项进行了核实并 发表意见。根据公司激励计划的规定和 2024 年第三次临时股东大会的授权，公 司董事会已完成激励计划的预留授予登记工作，具体情况如下： 1、预留授予日：2025 年 9 月 15 日。 1 ...

证券代码：600933 证券简称：爱柯迪 公告编号：临 2025-116 转债代码：110090 转债简称：爱迪转债 爱柯迪股份有限公司 关于 2024 年第六期限制性股票激励计划 预留部分第二次授予登记完成后不调整 "爱迪转债"转股价格的公告 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。 重要内容提示： 因爱柯迪股份有限公司（以下简称"公司"）2024年第六期限制性股票 激励计划预留部分第二次授予的限制性股票数量占公司总股本比例小，经计算并 四舍五入，本次限制性股票授予登记完成后，"爱迪转债"的转股价格不变。 根据公司《公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 发行条款的有关规定：在"爱迪转债"发行之后，若公司发生派送红股、转增股 本、增发新股（不包括因本次发行的可转债转股而增加的股本）、配股以及派发 现金股利等情况使公司股份发生变化时，转股价格相应调整。 一、转股价格调整依据 2025 年 9 月 15 日，公司召开第四届董事会第十四次会议、第四届董事会薪 酬与考核委员会第六次会议，审议通过《关于 ...

Industry Overview - The automotive die-casting industry involves the use of die-casting technology to produce metal components for vehicles, utilizing materials such as aluminum, zinc, and magnesium [1][11] - The industry's growth is driven by the rapid rise of the automotive sector, particularly in electric vehicles, with increasing demand for lightweight and energy-efficient components [1][11] - China's automotive die-casting market is projected to grow from 18.988 billion yuan in 2017 to 26.429 billion yuan in 2024, with a compound annual growth rate (CAGR) of 4.84% [1][12] Industry Development History - The industry has evolved through three main phases: the initial phase from 1953 to 1981, the startup phase from 1982 to 2006, and the rapid development phase from 2007 to present [4][5] - The current phase is characterized by significant advancements in technology and production capabilities, with a focus on high-performance and high-precision die-casting products [4][11] Policy Support - Recent government policies have emphasized the importance of the die-casting industry, promoting advanced casting techniques and green manufacturing practices [6] - The National Development and Reform Commission issued guidelines to encourage the use of lightweight alloys and automation in die-casting processes [6] Industry Chain - The die-casting industry supply chain includes upstream raw materials (aluminum, magnesium, iron, zinc) and equipment (die-casting machines), with the manufacturing process occurring in the midstream and automotive manufacturing in the downstream [4][7] Market Trends - The industry is moving towards precision, customization, lightweighting, and green manufacturing as key trends [14][15][17][18] - Precision die-casting is increasingly important to meet the stringent requirements of automotive components, while customization allows for tailored solutions to meet diverse client needs [14][15] - Lightweight materials are being adopted to enhance fuel efficiency and performance, particularly in electric vehicles [17] - Environmental sustainability is becoming a core focus, with efforts to reduce carbon footprints through the use of recycled materials and cleaner production methods [18] Key Companies - Major players in the automotive die-casting industry include Top Group, Guangdong Hongtu, Aikodi, and BYD, which are expanding their capabilities in both traditional and new energy vehicle sectors [2][12] - Guangdong Hongtu's die-casting business has gained global recognition, focusing on lightweight aluminum products and comprehensive solutions for automotive manufacturers [12][13]