Investment Strategy and Key Stock Portfolio - The report emphasizes the importance of enhancing macro governance effectiveness and maintaining a positive policy tone, with a combination of more proactive fiscal policy and moderately loose monetary policy expected to continue [4][9] - The focus is on expanding domestic demand and stabilizing investment, with recent policy adjustments such as the relaxation of housing purchase restrictions in Beijing and a reduction in the value-added tax rate for second-hand home sales [4][9] - The report highlights the potential for a pause in interest rate cuts by the Federal Reserve in the first half of the coming year, as recent U.S. GDP data exceeded expectations, driven by a rebound in personal consumption [10] Key Stock Recommendations - **Jinfa Technology (金发科技, 600143.SH)**: Positioned to transition from a comprehensive plastic leader to a high-end chemical materials platform, benefiting from strong demand in emerging industries [11][14] - **Hengli Petrochemical (恒力石化, 600346.SH)**: As a leading private refining enterprise, it is expected to benefit from a new cycle of refining prosperity due to its extensive production capacity and diversified product offerings [11][14] - **Satellite Chemical (卫星化学, 002648.SZ)**: Anticipated to enter a new growth phase with improved profitability in aromatics and polyester chains, supported by its cost control and market position [11][14] - **Huidi Technology (汇得科技, 603192.SH)**: Expected to maintain high-quality growth due to strong demand for polyurethane materials and a favorable cost environment [11][14] - **Aikodi (爱柯迪, 600933.SH)**: Positioned to benefit from the recovery of its robotics segment and potential contracts with Tesla, enhancing its growth prospects [11][14] - **TeBao Bio (特宝生物, 688278.SH)**: Anticipated to see significant growth driven by its core product and expanding R&D pipeline [11][14] - **New Dairy (新乳业, 002946.SZ)**: Expected to improve profitability through product innovation and a focus on low-temperature products [11][14] - **Zhongke Lanyun (中科蓝讯, 688332.SH)**: Positioned to benefit from AI-driven growth in the electronics sector, with a comprehensive product line [11][14] - **Hengxuan Technology (恒玄科技, 688608.SH)**: Focused on high-end SOC chips and AIOT applications, with strong competitive positioning [11][14] - **Jereh Group (杰瑞股份, 002353.SZ)**: Expected to see robust growth supported by its diversified business and significant orders in the natural gas sector [11][14] ETF Recommendations - **Southern CSI 1000 ETF (南方中证 1000ETF, 512100.OF)**: Notable growth of 29.27% year-to-date, tracking the CSI 1000 Index [15] - **E Fund CSI Artificial Intelligence Theme ETF (易方达中证人工智能主题, 159819.OF)**: Strong performance with a 70.29% increase year-to-date [15] - **Chemical ETF (化工 ETF, 159870.OF)**: Gained 43.01% year-to-date, reflecting the performance of the chemical industry [15] - **Huatai-PB CSI Major Consumption ETF (汇添富中证主要消费 ETF, 159928.OF)**: Slight decline of 2.40% year-to-date [15] - **Southern CSI Shenwan Nonferrous Metals ETF (南方中证申万有色金属 ETF, 512400.OF)**: Significant growth of 98.26% year-to-date [15]

Core Viewpoint - Aikodi's stock has shown a significant increase in price and revenue growth, indicating a positive trend in the company's performance and market interest [1][2]. Group 1: Stock Performance - As of December 31, Aikodi's stock price increased by 2.01% to 20.27 CNY per share, with a trading volume of 245 million CNY and a turnover rate of 1.25%, resulting in a total market capitalization of 20.881 billion CNY [1]. - Year-to-date, Aikodi's stock price has risen by 26.69%, with a 6.97% increase over the last five trading days and a 7.25% increase over the last 20 days, although it has decreased by 10.82% over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Aikodi achieved a revenue of 5.310 billion CNY, representing a year-on-year growth of 6.75%, while the net profit attributable to shareholders was 895 million CNY, reflecting a year-on-year increase of 20.70% [2]. - Since its A-share listing, Aikodi has distributed a total of 1.774 billion CNY in dividends, with 782 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Aikodi had 29,800 shareholders, a decrease of 11.36% from the previous period, with an average of 32,839 circulating shares per shareholder, which is an increase of 12.82% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest with 14.664 million shares, and Yongying Advanced Manufacturing Mixed Fund A is the eighth largest with 11.593 million shares, both being new shareholders [3].

Core Viewpoint - The company Aikodi has shown a positive stock performance with a year-to-date increase of 22.50% and a recent uptick of 2.03% in its stock price, indicating investor confidence and potential growth in the automotive parts sector [1]. Financial Performance - For the period from January to September 2025, Aikodi achieved a revenue of 5.31 billion yuan, reflecting a year-on-year growth of 6.75% [2]. - The net profit attributable to shareholders for the same period was 895 million yuan, representing a significant year-on-year increase of 20.70% [2]. Stock and Shareholder Information - As of September 30, 2025, the number of shareholders for Aikodi was 29,800, which is a decrease of 11.36% compared to the previous period [2]. - The average number of circulating shares per shareholder increased by 12.82% to 32,839 shares [2]. - Aikodi has distributed a total of 1.774 billion yuan in dividends since its A-share listing, with 782 million yuan distributed over the last three years [3]. Market Activity - On December 30, Aikodi's stock price was reported at 19.60 yuan per share, with a trading volume of 142 million yuan and a turnover rate of 0.75%, leading to a total market capitalization of 20.191 billion yuan [1]. - The net inflow of main funds was 1.4197 million yuan, with significant buying and selling activity from large orders [1]. Business Overview - Aikodi, established on December 8, 2003, and listed on November 17, 2017, specializes in the research, production, and sales of precision aluminum alloy die-casting parts for the automotive industry [1]. - The company's revenue composition is primarily from automotive-related products (94.40%), with minor contributions from other sectors [1]. - Aikodi operates within the automotive industry, specifically in the automotive parts sector, and is associated with concepts such as smart vehicles, Industry 4.0, new energy vehicles, and robotics [1].

Group 1 - The core viewpoint of the news is that Aikodi Co., Ltd. has shown a slight increase in stock price, reaching 19.44 yuan per share, with a total market capitalization of 20.026 billion yuan as of December 30 [1] - Aikodi specializes in the research, production, and sales of automotive aluminum alloy precision die-casting parts, with 94.40% of its revenue coming from automotive-related business [1] - The company is located in Ningbo, Zhejiang Province, and was established on December 8, 2003, with its stock listed on November 17, 2017 [1] Group 2 - The Hongyi Yuanfang Fund has a significant holding in Aikodi, with 390,000 shares representing 3.62% of the fund's net value, making it the tenth largest holding [2] - The Hongyi Yuanfang Selected Mixed A Fund (015400) has a total scale of 16.7971 million yuan and has achieved a return of 31.56% since its inception [2] - Fund managers Ma Jia and Wang Zheyu have different tenures and performance records, with Ma having a best return of 27.99% and Wang achieving a best return of 74.06% during their respective management periods [2]

Core Viewpoint - Aikodi announced the approval of a proposal regarding the extension of fundraising investment projects during the 17th meeting of its fourth board of directors [2] Group 1 - Aikodi's board of directors has reviewed and approved the proposal for the extension of fundraising investment projects [2]

Core Viewpoint - Aikodi announced the extension of the usage dates for its convertible bond fundraising projects, with no changes to the total investment amount or purpose [2] Group 1 - The usage date for the "Aikodi Intelligent Manufacturing Technology Industrial Park Project" has been postponed from January 2026 to January 2027 [2] - The usage date for the "New Energy Vehicle Structural Parts and Three Electric Systems Components Production Base" has been postponed from March 2026 to March 2027 [2] - The underwriter has no objections to the extensions [2]

Core Viewpoint - The company, Aikodi, has announced a "Quality Improvement and Efficiency Enhancement Return" action plan aimed at improving operational quality and shareholder returns while maintaining governance standards [1] Group 1: Action Plan Details - The company will focus on its core business to enhance operational quality [1] - It will adhere to innovation-driven strategies to accelerate the development of new productive forces [1] - Emphasis will be placed on shareholder investment returns and the protection of investor rights [1] - The company plans to strengthen investor communication to actively convey its value [1] - It will maintain standardized operations to continuously improve governance levels [1] - The company aims to enhance the capabilities of key minority stakeholders and improve self-discipline and compliance awareness [1] Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 5.31 billion yuan and a net profit attributable to the parent company of 895 million yuan [1] - The company has distributed cash dividends totaling approximately 1.77 billion yuan over the past eight years [1] - A share repurchase of 6.0082 million shares is expected to be completed by December 12, 2025 [1]

本次会议应到会董事 9 人，实际到会董事 8 人，委托出席 1 人，董事长张建 成先生因公出差，书面委托副董事长张恂杰先生出席会议并代为行使表决权。公 司高级管理人员列席了本次会议。 本次会议董事出席人数、召开符合《公司法》等相关法律法规及《公司章程》 的有关规定。 | 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-141 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 第四届董事会第十七次会议决议公告 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。 一、会议基本情况 爱柯迪股份有限公司（以下简称"公司"）第四届董事会第十七次会议于 2025 年 12 月 26 日在公司三楼会议室以通讯表决方式召开。公司于 2025 年 12 月 19 日以电子邮件的方式向各位董事发出本次会议的通知、会议议案及相关文件。与 会的各位董事已经知悉与本次会议所议事项相关的必要信息。 本次会议由公司董事长张建成先生召集，副董事长张恂杰先生主持。 ...

国金证券股份有限公司 关于爱柯迪股份有限公司 1 师报字[2022]第 ZA15942 号《验资报告》。公司设立了相关募集资金专项账户， 募集资金到账后，已全部存放于该募集资金专项账户内，并与保荐机构、存放募 集资金的商业银行签署了募集资金监管协议。 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为爱柯 迪股份有限公司（以下简称"爱柯迪"或"公司"）公开发行可转换公司债券、 向特定对象发行 A 股股票及持续督导的保荐机构。根据《证券发行上市保荐业 务管理办法》《上市公司募集资金监管规则》《上海证券交易所股票上市规则》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交易 所上市公司自律监管指引第 11 号——持续督导》等相关法律、法规和规范性文 件及公司《募集资金管理办法》的相关规定，对公开发行可转换公司债券募集资 金投资项目"爱柯迪智能制造科技产业园项目"、向特定对象发行 A 股股票募集 资金投资项目"新能源汽车结构件及三电系统零部件生产基地"（或以下统简称 "募投项目"）达到预定可使用状态日期延期的事项进行了审慎核查，具体核查 情况及核查意见如下： 一、募集资金基本情况 ...

| 证券代码：600933 | 证券简称：爱柯迪 公告编号：临 | 2025-143 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 为深入贯彻落实国务院《关于进一步提高上市公司质量的意见》要求，积极 响应上海证券交易所《关于开展沪市公司"提质增效重回报"专项行动的倡议》， 推动公司高质量发展和投资价值提升，保护投资者尤其是中小投资者合法权益， 爱柯迪股份有限公司（以下简称"公司"）结合实际经营情况及发展战略，制定 了"提质增效重回报"行动方案。本方案已经公司第四届董事会第十七次会议审 议通过，具体内容如下： 一、聚焦经营主业，提升经营质量 公司作为值得客户信赖的专业精密压铸件供应商，以"打造隐形冠军，铸就 百年企业"为战略指引，紧跟引领汽车科技发展的全球跨国公司的整车厂、TIER1 客户，专注于为全球汽车产业链提供高精度、高性能的压铸件解决方案。 公司始终秉承"一切为了满足客户的需求"的经营理念，深度参与客户产品 全生命周期运行。通过精益化、自动化、智能化、数字化的深度融合，构建全价 值链协同制造体系，打造高效柔性的生产运营模式。同时，持续精进管理与制 ...