Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q2 2024 performance met expectations, with revenue growth driven by product category expansion and accelerated global layout [3][4] - The company achieved a total revenue of 3.249 billion yuan in the first half of 2024, representing a year-on-year increase of 22.92%, and a net profit attributable to shareholders of 450 million yuan, up 13.62% year-on-year [3] - In Q2 2024, the company reported revenue of 1.607 billion yuan, a year-on-year increase of 15.88%, but a quarter-on-quarter decline of 2.14% [3] - The gross margin for Q2 2024 was 27.66%, down 2.01 percentage points from the previous quarter, primarily due to rising aluminum ingot and shipping prices [3] Summary by Sections Financial Performance - The company’s total revenue for 2022 was 4.265 billion yuan, increasing to 5.957 billion yuan in 2023, with projections of 7.220 billion yuan for 2024, 8.734 billion yuan for 2025, and 10.557 billion yuan for 2026 [2] - The net profit attributable to shareholders was 648.54 million yuan in 2022, rising to 913.40 million yuan in 2023, with forecasts of 1.02819 billion yuan for 2024, 1.25342 billion yuan for 2025, and 1.51431 billion yuan for 2026 [2] - The earnings per share (EPS) for 2024 is projected at 1.05 yuan, with a price-to-earnings (P/E) ratio of 11.69 [4] Product and Capacity Expansion - The company is expanding its product categories, achieving comprehensive coverage in areas such as electric drive systems, automotive structural components, thermal management, and intelligent driving systems [3] - The company has initiated production at its first phase in Mexico and is constructing a second phase, expected to commence in 2025 [3] - A new production base in Hungary is being established to enhance its layout in body structure and shell components [3] Market Data - The closing price of the company's stock is 12.30 yuan, with a market capitalization of approximately 12.02158 billion yuan [6] - The company has a price-to-book (P/B) ratio of 1.50 and a total asset-liability ratio of 40.28% [7]

爱柯迪股份有限公司 公司章程 爱柯迪股份有限公司 章 程 （2016 年第三次临时股东大会审议通过，第一届董事会第二十次会 议审议修订，第二届董事会第三次会议审议修订，第二届董事会第七 次会议审议修订，第二届董事会第十次会议审议修订，第二届董事会 第十三次会议审议修订，第二届董事会第十四次会议审议修订，第二 届董事会第二十一次会议审议修订，第二届董事会第二十六次会议审 议修订，第二届董事会第二十七次会议审议修订，第二届董事会第三 十一次会议审议修订，第二届董事会第三十二次会议审议修订，第三 届董事会第三次会议审议修订，第三届董事会第四次会议审议修订， 第三届董事会第六次审议修订，第三届董事会第八次审议修订，第三 届董事会第十次审议修订，第三届董事会第十三次审议修订，第三届 董事会第十七次审议修订，第三届董事会第二十一次审议修订，第三 届董事会第二十二次审议修订，第三届董事会第二十五次审议修订， 第三届董事会第二十七次审议修订，第三届董事会第二十八次审议修 订，第三届董事会第二十九次审议修订） 爱柯迪股份有限公司 二〇二四年八月 | 第一章 | 总 | 则 | | 1 | | --- | --- | --- | ...

除上表所列条款修订外，《公司章程》中其他条款内容不变。修订后的《爱 柯迪股份有限公司章程（2024 年 8 月修订）》、《爱柯迪股份有限公司股东大会 议事规则（2024 年 8 月修订）》、《爱柯迪股份有限公司董事会议事规则（2024 年 8 月修订）》详见上海证券交易所网站（www.sse.com.cn）。 为进一步完善公司治理，同时结合公司经营管理实际，拟对《公司章程》及 其附件的部分条款进行修订。《公司章程修订对比表》如下： | 序号 | 《公司章程》相应条款 | 修订后的《公司章程》条款 | | --- | --- | --- | | 1 | 第七十二条 股东大会由董事长主持。 | 第七十二条 股东大会由董事长主持。 | | | 董事长不能履行职务或不履行职务时， | 董事长不能履行职务或不履行职务 | | | 由副董事长主持，副董事长不能履行职 | 时，由副董事长主持，未设副董事长、 | | | 务或不履行职务时，由半数以上董事共 | 副董事长不能履行职务或不履行职务 | | | 同推举的一名董事主持。 | 时，由半数以上董事共同推举的一名 | | | 监事会自行召集的股东大会，由监 | 董事主持。 ...

独立董事候选人声明与承诺 本人李寿喜，已充分了解并同意由提名人爱柯迪股份有限公 司董事会提名为爱柯迪股份有限公司第四届董事会独立董事候 选人。本人公开声明，本人具备独立董事任职资格，保证不存在 任何影响本人担任爱柯迪股份有限公司独立董事独立性的关系， 具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章以及 公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定（如适用）； （五）中共中央组织部《关于进一步规范党政领导干部在企 业兼职（任职）问题的意见》的相关规定（ ...

独立董事候选人声明与承诺 本人包新民，已充分了解并同意由提名人爱柯迪股份有限公 司董事会提名为爱柯迪股份有限公司第四届董事会独立董事候 选人。本人公开声明，本人具备独立董事任职资格，保证不存在 任何影响本人担任爱柯迪股份有限公司独立董事独立性的关系， 具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章以及 公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定（如适用）； （七）中国人民银行《股份制商业银行独立董事和外部监事 制度指引》等的相关规定（如适用）； （ ...

爱柯迪股份有限公司 董事会议事规则 爱柯迪股份有限公司 董事会议事规则 爱柯迪股份有限公司 二〇二四年八月 爱柯迪股份有限公司 董事会议事规则 第一条 宗 旨 为了进一步规范爱柯迪股份有限公司（以下简称"公司"）董事会的议事方式和 决策程序，促使董事和董事会有效地履行其职责，提高董事会规范运作和科学决策水 平，根据《中华人民共和国公司法》（以下简称"公司法"）、《上市公司治理准则》、 《上海证券交易所股票上市规则》（以下简称"《上市规则》"）以及《爱柯迪股份 有限公司章程》（以下简称"《公司章程》"）等有关规定，制订本规则。 第二条 董事会办公室 (二) 执行股东大会的决议； (三) 决定公司的经营计划和投资方案； (四) 制订公司的年度财务预算方案、决算方案； (五) 制订公司的利润分配方案和弥补亏损方案； (六) 制订公司增加或者减少注册资本、发行债券或其他证券及上市方案； 爱柯迪股份有限公司 董事会议事规则 (十) 决定公司内部管理机构的设置； 董事会下设董事会办公室（证券部），负责处理董事会日常事务。 董事会秘书兼任公司董事会办公室负责人，保管董事会印章。 第三条 董事会专门委员会 公司董事会设立审计 ...

独立董事提名人声明与承诺 提名人爱柯迪股份有限公司董事会，现提名李寿喜先生为爱 柯迪股份有限公司四届董事会独立董事候选人，并已充分了解被 提名人职业、学历、职称、详细的工作经历、全部兼职、有无重 大失信等不良记录等情况。被提名人已同意出任爱柯迪股份有限 公司第四届董事会独立董事候选人（参见该独立董事候选人声 明）。提名人认为，被提名人具备独立董事任职资格，与爱柯迪 股份有限公司之间不存在任何影响其独立性的关系，具体声明并 承诺如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、 行政法规、规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 并已根据相关规定取得独立董事资格证书。 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管 ...

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"爱柯迪"或"本公司"或"公司"）第三 届董事会第二十九次会议于 2024 年 8 月 30 日在公司三楼会议室以现场结合通讯 表决方式召开，会议通知于 2024 年 8 月 20 日以电子邮件与电话相结合的方式发 出。 本次会议应到会董事 8 人，实际到会董事 8 人。公司监事、高级管理人员列 席了会议。会议由董事长张建成先生主持。会议的召开符合《公司法》、《公司章 程》的规定，会议决议有效。 证券代码：600933 证券简称：爱柯迪 公告编号：临 2024-082 转债代码：110090 转债简称：爱迪转债 爱柯迪股份有限公司 第三届董事会第二十九次会议决议公告 公司审计委员会审议通过了本议案。 二、审议通过《关于 2024 年半年度募集资金存放与实际使用情况的专项报 告》（详见临时公告，公告编号：临 2024-084） 表决结果：8 票同意，0 票反对，0 票弃权。 三、审议通过《关于修订<公司章程>及其附件的议案》（详见临时公告，公 告编号：临 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥3,249,423,877.46, representing a 22.92% increase compared to ¥2,643,504,552.70 in the same period last year[16]. - Net profit attributable to shareholders was ¥449,769,748.13, up 13.62% from ¥395,849,658.29 year-on-year[16]. - The net cash flow from operating activities increased significantly by 61.94%, amounting to ¥856,424,470.35 compared to ¥528,856,535.09 in the previous year[16]. - Basic earnings per share rose to ¥0.48, a 6.67% increase from ¥0.45 in the same period last year[17]. - The weighted average return on net assets decreased by 0.87 percentage points to 6.26% compared to 7.13% in the previous year[17]. - The company's total assets grew by 21.10% to ¥13,993,591,468.76 from ¥11,555,289,914.24 at the end of the previous year[16]. - The company's revenue for the first half of 2024 reached approximately ¥3.25 billion, representing a year-on-year increase of 22.92% compared to ¥2.64 billion in the same period last year[33]. - The net profit for the first half of 2024 was ¥471,297,665.24, representing a 14.9% increase compared to ¥410,173,670.13 in the first half of 2023[119]. - The total comprehensive income for the first half of 2024 was ¥513,854,348.55, compared to ¥428,594,343.10 in the same period of 2023, marking a 19.9% increase[122]. Investment and Capital Structure - The total share capital of the company as of the end of the reporting period is 977,364,253 shares[9]. - The total amount of funds raised was approximately ¥2.77 billion, with a net amount after issuance costs of approximately ¥2.74 billion[83]. - The cumulative investment of raised funds reached approximately ¥1.17 billion, representing a progress rate of 62%[83]. - The company has invested a total of ¥121,537.26 million in the Aikodi Intelligent Manufacturing Technology Industrial Park project, with cumulative revenue of ¥55,201.62 million realized to date[39]. - The company has issued convertible bonds with a total face value of RMB 1,570 million, with a net fundraising amount of RMB 1,552.79 million after deducting issuance costs[103]. - The total amount of convertible bonds outstanding after the reporting period is RMB 1,569.838 million[105]. - The company has a cash management balance of RMB 50 million as of the end of the reporting period, with a maximum balance of RMB 51.80 million during the period[88]. Research and Development - The company is focusing on developing new products in the fields of new energy vehicles and smart driving systems, aiming to capture new market opportunities[30]. - Research and development expenses increased by 39.20% to approximately ¥174.41 million, driven by higher depreciation and material costs[33]. - Continuous R&D investment is crucial for maintaining competitiveness in the rapidly evolving automotive industry, especially for complex aluminum alloy components[47]. - The company has a strong focus on R&D, with capabilities in mold and fixture design, which are critical for product development and mass production, contributing to its competitive edge[25]. Environmental and Sustainability Initiatives - The company is committed to long-term stable compliance with pollution discharge standards through regular monitoring and maintenance of pollution control facilities[64]. - The company is aligned with national carbon neutrality goals, aiming to peak carbon emissions by 2030 and achieve carbon neutrality by 2060[66]. - The company has constructed a distributed solar photovoltaic system with a capacity of 1.32MWp, generating an annual output of 1.5 million kWh, with plans to expand to over 10MWp and 10 million kWh by 2023[68]. - The implementation of ice storage air conditioning technology is expected to save approximately 2.7 million CNY in electricity costs annually[68]. - The company aims to reduce carbon emissions through various initiatives, aligning with national and international environmental goals[67]. Corporate Governance and Compliance - The board of directors has ensured the authenticity, accuracy, and completeness of the semi-annual report[2]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[4]. - The company has not proposed any profit distribution or capital increase plans for the reporting period, maintaining a focus on reinvestment[52]. - The company has made commitments to ensure that directors and senior management do not engage in unfair benefit transfers or damage company interests[75]. - The company has not faced any administrative penalties for environmental issues during the reporting period[65]. Market and Industry Trends - The automotive industry is facing challenges due to insufficient consumer demand and complex external environments, necessitating stable and predictable policies for smooth operations[22]. - The penetration rate of electric vehicles is expected to drive growth in the aluminum lightweighting industry, benefiting from the rapid increase in NEV adoption in China[22]. - The company has expanded its customer base to include major new energy vehicle manufacturers and suppliers in the automotive autonomous driving sector, enhancing its product offerings in core components for NEV systems[22]. - The automotive industry is increasingly focused on new energy, lightweight materials, and technological innovation, necessitating rapid adaptation by component manufacturers[47]. Risk Management - The company faces risks from fluctuations in raw material prices, particularly aluminum and zinc, which could impact performance if price adjustments lag behind market changes[46]. - The company has a significant exposure to foreign exchange risks due to its large export business, which could impact its financial performance if exchange rates fluctuate unfavorably[45]. - The company is exposed to cyclical fluctuations in the automotive industry, which could adversely affect its production and profitability if macroeconomic conditions worsen[45]. - The company has implemented strict internal controls and approval processes for foreign exchange transactions to mitigate operational risks[42]. Shareholder Information - The total number of ordinary shareholders reached 20,426 by the end of the reporting period[93]. - The top ten shareholders held a total of 292,773,877 shares, representing 29.96% of the total shares[94]. - The company repurchased 3,169,100 shares, accounting for 0.3289% of the total share capital as of June 5, 2024[80]. - The company approved the cancellation of part of the fifth stock option incentive plan, with 552 participants and 13.77 million shares to be exercised, effective June 20, 2024[54].

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 | 2024-087 | | --- | --- | --- | --- | | 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： 1 《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》（公告 编号：临 2024-065）。 2、公司于 2024 年 7 月 1 日分别使用 15,000 万元公开发行可转换公司债券 闲置募集资金、15,000 万元向特定对象发行股票闲置募集资金购买了杭州银行股 份有限公司宁波北仑支行的结构性存款产品。2024 年 7 月 31 日，以上现金管理 业务到期，目前本金和收益已及时归还至募集资金专户。具体内容详见公司于 2024 年 8 月 1 日在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒 体上披露《关于部分闲置募集资金现金管理到期赎回并 ...