Core Viewpoint - The company plans to acquire a 71% stake in Zhaolibo (Ningbo) Precision Electromechanical Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds through share issuance [1] Group 1 - The company received approval from the China Securities Regulatory Commission on September 12, 2025, for the issuance of shares to purchase assets and raise supporting funds [1] - The company will issue 30,253,553 shares to Wang Chengyong, 11,614,339 shares to Wang Zhuoxing, and 3,025,355 shares to Zhou Yiping for the acquisition [1] - The company is authorized to raise up to 520 million yuan through the issuance of shares for supporting funds [1]

Core Viewpoint - The company plans to acquire a 71% stake in Zhaorbo (Ningbo) Precision Electromechanical Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds through share issuance [1] Group 1: Acquisition Details - The company has received approval from the China Securities Regulatory Commission for the acquisition and fundraising, as indicated in the approval document dated September 12, 2025 [1] - The company will issue 30,253,553 shares to Wang Chengyong, 11,614,339 shares to Wang Zhuoxing, and 3,025,355 shares to Zhou Yiping as part of the asset purchase [1] Group 2: Fundraising Information - The company is authorized to raise up to 520 million yuan through the issuance of shares to support the acquisition [1]

证券代码：600933 证券简称：爱柯迪 公告编号：临 2025-104 转债代码：110090 转债简称：爱迪转债 爱柯迪股份有限公司 关于公司发行股份及支付现金购买资产并募集 配套资金事项获得中国证券监督管理委员会同意 注册批复的公告 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。 爱柯迪股份有限公司（以下简称"公司"）拟通过发行股份及支付现金的方 式购买卓尔博（宁波）精密机电股份有限公司 71%股权，同时公司拟发行股份募 集配套资金（以下简称"本次交易"）。 2025 年 9 月 12 日，公司收到中国证券监督管理委员会出具的《关于同意爱 柯迪股份有限公司发行股份购买资产并募集配套资金注册的批复》（证监许可 〔2025〕2001 号）。批复文件的主要内容如下： 五、你公司应当按照有关规定办理本次发行股份的相关手续。 六、本批复自下发之日起 12 个月内有效。 七、你公司在实施过程中，如发生法律、法规要求披露的重大事项或遇重大 问题，应当及时报告上海证券交易所并按有关规定处理。" 1 公司董事会将根据上述文件和相关法律法规 ...

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission for the issuance of shares to acquire assets and raise matching funds [1] Group 1 - The company will issue 30.2536 million shares to Wang Chengyong, 11.6143 million shares to Wang Zhuoxing, and 3.0254 million shares to Zhou Yiping for the acquisition of related assets [1] - The company is authorized to raise matching funds not exceeding 520 million yuan [1] - The board of directors will handle the transaction in accordance with the approval and relevant laws, and will fulfill information disclosure obligations in a timely manner [1]

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-103 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 关于部分闲置募集资金现金管理到期赎回 并继续进行现金管理的公告 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： | 4 | 杭 州 银 行 | 宁 | 杭州银行"添利宝" 结构性存款产品 | 5,000.00 | 2024-11-11 | 2025-03-31 | 保本收 | 2.65%或 2.45%或 | 46.99 | 是 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 波北仑支行 | | (TLBB202414089) | | | | 益型 | 1.10% | | | | 5 | 杭 州 银 行 波北仑支行 | 宁 | 杭州银行"添利宝" 结构性存款产品 (TLBB202416670) | 24,00 ...

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-102 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 关于部分闲置募集资金现金管理到期赎回 并继续进行现金管理的公告 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： 投资品种：结构性存款 投资金额：5,500 万元 履行的审议程序：爱柯迪股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开第四届董事会第七次会议、第四届监事会第六次会议，审议通过 了《关于使用闲置募集资金进行现金管理的议案》，本事项无需提交公司股东大 会审议。 特别风险提示：公司本次购买的结构性存款产品属于安全性高、流动性 好的保本型理财产品，属于低风险投资产品，但金融市场受宏观经济影响较大， 不排除该项投资受到市场风险、政策风险、流动性风险、不可抗力风险等风险因 素从而影响预期收益。 三、本次现金管理的基本情况 （一）现金管理目的 1 序 号 受托人 产品名称 理财金额 （ ...

9月8日，爱柯迪涨5.06%，截至发稿，报20.14元/股，成交3.83亿元，换手率1.98%，总市值198.40亿 元。 万家民瑞祥明6个月持有期混合A（011534）基金经理为陈佳昀。 截至发稿，陈佳昀累计任职时间8年98天，现任基金资产总规模127.31亿元，任职期间最佳基金回报 48.23%， 任职期间最差基金回报-0.1%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，爱柯迪股份有限公司位于浙江省宁波市江北区金山路588号，成立日期2003年12月8日，上市 日期2017年11月17日，公司主营业务涉及从事汽车铝合金精密压铸件的研发、生产及销售。主营业务收 入构成为：汽车类94.40%，其他(补充)3.53%，工业类2.07%。 从基金十大重仓股角度 数据显示，万家基金旗下1只基金重仓爱柯迪。万家民瑞祥明6个月持有期混合A（011534）二季度持有 股数1万股，占基金净值比例为0.3%，位居第六大重仓股。根据测算，今日浮盈赚取约 ...

Group 1: Financial Performance - In 1H25, the company's total revenue increased by 6.2% year-on-year to 3.45 billion yuan, accounting for approximately 45% of the previous forecast [1] - The net profit attributable to the parent company rose by 27.4% year-on-year to 570 million yuan, representing about 53% of the previous forecast [1] - In 2Q25, operating revenue grew by 11.0% year-on-year and 7.1% quarter-on-quarter to 1.78 billion yuan, while net profit attributable to the parent company surged by 44.9% year-on-year and 22.8% quarter-on-quarter to 320 million yuan [1] Group 2: Profitability Metrics - The company's gross margin in 1H25 improved by 0.6 percentage points to 29.3%, while the selling, general, and administrative (SG&A) expense ratio decreased by 0.1 percentage points to 11.8% [1] - In 2Q25, the gross margin increased by 2.1 percentage points year-on-year and 1.0 percentage point quarter-on-quarter to 29.7%, with the SG&A expense ratio declining by 0.5 percentage points year-on-year and increasing by 0.1 percentage points quarter-on-quarter to 11.9% [1] Group 3: Global Expansion and Robotics Business - The company is steadily advancing its global manufacturing network, with the second phase of the Mexico factory ramping up production for new energy vehicle structural components and three-electric system parts [2] - The Malaysia factory has commenced production of aluminum alloy raw materials and zinc alloy die-casting parts, with plans for aluminum casting production to support Southeast Asian markets and provide strategic support for after-sales in Europe and the U.S. [2] - The company announced plans to acquire 71% of Zhuoerbo (Ningbo) Precision Electromechanical Co., which is expected to enhance its automotive micro-motor technology and extend into the robotics field [2] Group 4: Future Outlook and Valuation - The company maintains a "buy" rating, with net profit forecasts for 2025, 2026, and 2027 increased by 13%, 1%, and 1% to 1.23 billion yuan, 1.42 billion yuan, and 1.63 billion yuan respectively [3] - The target price has been raised to 22.41 yuan, corresponding to an 18x PE for 2025E, reflecting the anticipated benefits from internal cost reductions and scale effects [3]

Core Viewpoint - The company reported better-than-expected performance in Q2 2025, with significant growth in revenue and net profit, indicating strong operational efficiency and market positioning [1] Financial Performance - In the first half of 2025, total revenue increased by 6.2% year-on-year to 3.45 billion yuan, achieving 45% of the initial forecast - Net profit attributable to shareholders rose by 27.4% year-on-year to 570 million yuan, reaching 53% of the initial forecast - Q2 2025 revenue grew by 11.0% year-on-year [1] Profitability Metrics - The gross margin for the first half of 2025 improved by 0.6 percentage points to 29.3% - Selling, general, and administrative (SG&A) expenses as a percentage of revenue decreased by 0.1 percentage points to 11.8% - In Q2 2025, the gross margin increased by 2.1 percentage points year-on-year and by 1.0 percentage point quarter-on-quarter to 29.7% [1] Global Expansion and Robotics Business - The company is steadily advancing its global manufacturing and supply chain network, with the second phase of the Mexican factory entering ramp-up production, focusing on structural components for electric vehicles [1] Investment Rating - The company maintains a "Buy" rating, with upward revisions to net profit forecasts for 2025, 2026, and 2027 by 13%, 1%, and 1% respectively, projecting net profits of 1.23 billion yuan, 1.42 billion yuan, and 1.63 billion yuan [1]

Investment Rating - The report maintains a "Buy" rating for the company, with an updated target price of 22.41 CNY, corresponding to an 18x PE for 2025E [3][6]. Core Insights - The company's 2Q25 performance exceeded expectations, with total revenue for 1H25 increasing by 6.2% year-on-year to 3.45 billion CNY, and net profit attributable to shareholders rising by 27.4% to 570 million CNY. The 2Q25 revenue grew by 11.0% year-on-year and 7.1% quarter-on-quarter to 1.78 billion CNY, while net profit surged by 44.9% year-on-year and 22.8% quarter-on-quarter to 320 million CNY. This strong performance is attributed to increased foreign exchange gains and scale effects [1][2]. - The gross margin for 1H25 improved by 0.6 percentage points to 29.3%, with a decrease in selling, general, and administrative expenses ratio by 0.1 percentage points to 11.8%. In 2Q25, the gross margin increased by 2.1 percentage points year-on-year and 1.0 percentage point quarter-on-quarter to 29.7%, while the selling, general, and administrative expenses ratio decreased by 0.5 percentage points year-on-year and increased by 0.1 percentage points quarter-on-quarter to 11.9%. The improvement in gross margin is mainly due to lower raw material costs, scale effects, and internal cost optimization [1][2]. Summary by Sections Financial Performance - For 2025E, the company is expected to achieve a net profit of 1.226 billion CNY, reflecting a growth rate of 30.46%. The revenue for 2025E is projected to be 7.829 billion CNY, with a growth rate of 16.06% [4][11]. - The company's earnings per share (EPS) for 2025E is estimated at 1.24 CNY, with a return on equity (ROE) of 13.37% [4][13]. Business Development - The company is advancing its global manufacturing network, with the second phase of the Mexico plant entering production, focusing on components for new energy vehicles. The Malaysia plant has also commenced production of aluminum and zinc alloy components, aiming to serve Southeast Asian markets and provide strategic support for the US and European aftermarket [2]. - The company is making progress in its robotics business, including the acquisition of a 71% stake in Zhuoerbo (Ningbo) Precision Electromechanical Co., which is expected to enhance its automotive micro-motor technology and extend into the robotics field [2]. Valuation Metrics - The report projects a steady increase in revenue and net profit over the next few years, with a P/E ratio decreasing from 18 in 2023 to 11 in 2027, indicating an attractive valuation as the company grows [4][14].