Core Viewpoint - The company has adjusted the repurchase price of the sixth phase of its restricted stock incentive plan to 6.85 yuan per share, following the departure of 29 initial incentive recipients who no longer qualify for the program [7][10]. Group 1: Incentive Plan Adjustments - The repurchase price for the restricted stock was adjusted from 7.15 yuan to 6.85 yuan per share due to the company's profit distribution plan [8][10]. - A total of 10.90 million shares of restricted stock will be repurchased and canceled as a result of the disqualification of certain incentive recipients [7][10]. - The repurchase will be funded entirely by the company's own funds, amounting to 746,650 yuan [9]. Group 2: Impact on Company Structure - After the repurchase and cancellation, the company's total share capital will decrease from 985,121,677 shares to 985,012,677 shares [9]. - The adjustment in the repurchase price and the cancellation of shares will not have a significant impact on the company's financial status or operational results [10]. Group 3: Compliance and Approval - The independent financial advisor has confirmed that the adjustments to the incentive plan have received the necessary approvals and comply with relevant regulations [10][11]. - The monitoring committee has verified that the adjustments and the reasons for the repurchase align with the company's incentive plan and regulatory requirements [10].

证券代码：600933 证券简称：爱柯迪 公告编号：临 2025-092 转债代码：110090 转债简称：爱迪转债 爱柯迪股份有限公司 关于调整第六期限制性股票激励计划回购价格 及回购注销部分激励对象已获授但尚未解除限售的 限制性股票的公告 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： ? 限制性股票回购数量：10.90 万股 ? 限制性股票回购价格：6.85 元/股 爱柯迪股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召开第四届 董事会第十三次会议、第四届监事会第十一次会议，审议通过《关于调整第六期 限制性股票激励计划回购价格及回购注销部分激励对象已获授但尚未解除限售 的限制性股票的议案》，现将有关事项公告如下： 性股票激励计划首次授予结果的公告》（公告编号：临 2024-119），公司在办 理授予登记事项过程中，由于部分激励对象自愿放弃全部限制性股票等原因，本 次激励计划授予人数由 850 人调整为 842 人，授予数量由 750.80 万股调整为 第八次会议，审议通过《关于向激励对 ...

Core Points - The company held its 13th meeting of the 4th Board of Directors on August 27, 2025, with all 7 directors present, complying with relevant laws and regulations [1][2]. Group 1: Meeting Resolutions - The board approved the 2025 semi-annual report and summary with a unanimous vote of 7 in favor [2]. - The board approved a special report on the storage and actual use of raised funds for the first half of 2025, also with a unanimous vote of 7 in favor [2]. - The board approved an adjustment to the repurchase price of the sixth phase of the restricted stock incentive plan and the repurchase and cancellation of certain restricted stocks, with a unanimous vote of 7 in favor [3]. - The board approved a proposal for a subsidiary to apply for listing on the New Third Board, with 6 votes in favor, 0 against, 0 abstentions, and 1 abstention due to conflict of interest [3][4]. - The board approved the establishment of a special account for raised funds and the signing of a regulatory agreement, with a unanimous vote of 7 in favor [4]. - The board approved the appointment of a new financial director, with a unanimous vote of 7 in favor [4]. - The board approved amendments to the Articles of Association and related governance documents, with a unanimous vote of 7 in favor, pending shareholder approval [5]. - The board approved the election of a non-independent director, with a unanimous vote of 7 in favor, pending shareholder approval [5]. - The board approved amendments to the Independent Director System, with a unanimous vote of 7 in favor, pending shareholder approval [5]. - The board approved amendments to the External Investment Management System, with a unanimous vote of 7 in favor, pending shareholder approval [6]. - The board approved amendments to the External Guarantee Management System, with a unanimous vote of 7 in favor, pending shareholder approval [6]. - The board approved amendments to the Related Party Transaction Management System, with a unanimous vote of 7 in favor, pending shareholder approval [6]. - The board approved amendments to the Internal Control System, with a unanimous vote of 7 in favor, pending shareholder approval [6]. - The board approved amendments to the Fund Management Measures, with a unanimous vote of 7 in favor, pending shareholder approval [8]. - The board approved a proposal to convene the third extraordinary general meeting of shareholders in 2025, with a unanimous vote of 7 in favor [8].

Meeting Overview - The sixth meeting of the fourth board of independent directors of Aikodi Co., Ltd. was held on August 27, 2025, combining on-site and remote voting methods [1] - Three independent directors were present, and the meeting was convened and chaired by Mr. Fan Baoqun, who was jointly nominated by the majority of independent directors [1] Meeting Resolutions - The independent directors reviewed and voted on the proposal regarding the application for the New Third Board listing by the controlling subsidiary, Fule Precision [1] - The application is expected to enhance Fule Precision's corporate governance structure, broaden capital channels, and support its business development [1] - The proposal was unanimously approved, indicating it does not harm the interests of shareholders or the company, nor does it affect the company's control over the subsidiary or its independent listing status [1][2] - The decision will be submitted to the company's board of directors for further review, complying with legal and regulatory requirements [1]

Meeting Overview - The 11th meeting of the 4th Supervisory Board of Aikodi Co., Ltd. was held with all 3 supervisors present, ensuring compliance with relevant laws and regulations [1][2] Agenda Review 2025 Semi-Annual Report - The Supervisory Board approved the 2025 semi-annual report, confirming it meets the requirements of the China Securities Regulatory Commission and Shanghai Stock Exchange, accurately reflecting the company's operational and financial status [2][3] Special Report on Fund Usage - The Supervisory Board approved the special report on the storage and actual usage of raised funds for the first half of 2025, affirming it accurately reflects the company's fund usage and complies with relevant regulations [3][4] Adjustment of Stock Incentive Plan - The Supervisory Board approved the adjustment of the repurchase price for the 6th phase of the stock incentive plan from 7.15 yuan/share to 6.85 yuan/share, ensuring no harm to the company or shareholders [4][5] New Third Board Listing Proposal - The Supervisory Board approved a proposal for a subsidiary to apply for listing on the New Third Board, pending further approval from the shareholders' meeting [5] Establishment of Special Fund Account - The Supervisory Board approved the establishment of a special account for raised funds from convertible bonds, ensuring compliance with regulations and protecting investor rights [5] Revision of Company Articles - The Supervisory Board approved the revision of the company's articles of association, which will also require approval from the shareholders' meeting [5]

证券代码：600933 证券简称：爱柯迪 公告编号：临 2025-098 重要内容提示： (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 转债代码：110090 转债简称：爱迪转债 (四) 现场会议召开的日期、时间和地点 爱柯迪股份有限公司 召开的日期时间：2025 年 9 月 15 日 13 点 00 分 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。 召开地点：宁波市江北区金山路 588 号三楼会议室 (五) 网络投票的系统、起止日期和投票时间。 无 二、会议审议事项 本次股东大会审议议案及投票股东类型 投票股东类型 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 15 日 至2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当 ...

Core Viewpoint - The company reported a revenue of 3.45 billion yuan in the first half of 2025, showing a year-on-year increase of 6.16%, with a net profit attributable to shareholders of 573 million yuan, up 27.42% year-on-year [3]. Financial Performance - In Q2 2025, the company achieved a revenue of 1.784 billion yuan, representing a year-on-year growth of 11.01% and a quarter-on-quarter increase of 7.12%. The net profit attributable to shareholders for the same period was 316 million yuan, reflecting a year-on-year increase of 44.95% and a quarter-on-quarter increase of 22.77% [3]. - The company's net profit margin for H1 2025 was 16.6%, an increase of 2.8 percentage points year-on-year, while the gross profit margin was 29.25%, up 0.57 percentage points year-on-year [4]. Cost Management - The expense ratio for Q2 2025 was 7.69%, down 5.30 percentage points year-on-year and 3.70 percentage points quarter-on-quarter. The breakdown of expenses showed sales, management, financial, and R&D expense ratios at 0.65%, 6.46%, -4.19%, and 4.77% respectively [5]. Strategic Developments - The acquisition of Zhuoerbo is progressing, with commitments for net profits of no less than 1.415 billion yuan, 1.569 billion yuan, and 1.741 billion yuan for 2025-2027, totaling a minimum of 4.725 billion yuan [7]. - The company is expanding its overseas production capacity, with the second phase of the factory in Mexico starting production in H1 2025 and a new aluminum casting factory in Malaysia under construction [8]. Business Outlook - The company forecasts net profits attributable to shareholders of 1.19 billion yuan, 1.486 billion yuan, and 1.778 billion yuan for 2025-2027, with corresponding price-to-earnings ratios of 16x, 13x, and 11x [9].

汽车零部件 全球布局助推 25H1 利润亮眼，构建"汽车+机器人"双轮驱动 爱柯迪（600933.SH） 证券研究报告/公司点评报告 2025 年 08 月 29 日 | 评级： 买入（维持） | | 公司盈利预测及估值 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | | 2023A | 2024A | 2025E | 2026E | 2027E | | 分析师：何俊艺 | | 营业收入（百万元） | 5,957 | 6,746 | 7,962 | 10,353 | 12,099 | | | 增长率 | yoy% | 40% | 13% | 18% | 30% | 17% | | 执业证书编号：S0740523020004 | | 归母净利润（百万元） | 913 | 940 | 1,204 | 1,501 | 1,740 | | Email：hejy02@zts.com.cn | 增长率 | yoy% | 41% | 3% | 28% | 25% | 16% | | | 每股收益（元） | | 1.02 | 0.9 ...

证 券 研 究 报 告 爱柯迪（600933）2025 年中报点评 强推（维持） 2Q 业绩超预期，期待机器人业务拓展 目标价：30.2 元 事项： 公司发布 2025 年中报，上半年营收 34.5 亿元、同比+6%，归母净利 5.73 亿 元、同比+27%，扣非归母净利 5.53 亿元、同比+32%。 评论： 公司研究 汽车零部件Ⅲ 2025 年 08 月 29 日 当前价：19.55 元 华创证券研究所 证券分析师：张程航 电话：021-20572543 邮箱：zhangchenghang@hcyjs.com 执业编号：S0360519070003 证券分析师：李昊岚 邮箱：lihaolan@hcyjs.com 执业编号：S0360524010003 公司基本数据 | 总股本(万股) | 98,512.12 | | --- | --- | | 已上市流通股(万股) | 97,736.92 | | 总市值(亿元) | 192.59 | | 流通市值(亿元) | 191.08 | | 资产负债率(%) | 40.88 | | 每股净资产(元) | 8.63 | | 12 个月内最高/最低价 | 21.52/1 ...

| 项目 | 交易对方 | | --- | --- | | 发行股份及支付现金购买资产 | 王成勇、王卓星、周益平 | | 募集配套资金 | 不超过 名符合条件的特定对象 35 | 独立财务顾问 二〇二五年八月 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报告书（草案）摘要 | 股票代码：600933 | 股票简称：爱柯迪 | 上市地点：上海证券交易所 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | 上市地点：上海证券交易所 | 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 套资金报告书（草案）摘要（注册稿） 本报告书及其摘要所述事项并不代表中国证监会、上海证券交易所对于本次 交易相关事项的实质性判断、确认或批准，也不表明中国证监会和上海证券交易 所对本报告书及其摘要的真实性、准确性、完整性作出保证。本报告书及其摘要 所述本次交易相关事项的生效和完成尚待取得中国证监会的注册及其他有权监 管机构的批准。审批机关对本次交易所做的任何决定或意见，均不表明其对公司 股票的价值或投资者的收益作出实质性判断或保证。 本次交易完成后，本公司经营与 ...