爱柯迪股份有限公司 2025 年第二次临时股东大会 会议资料 爱柯迪股份有限公司 2025 年第二次临时股东大会会议资料 爱柯迪股份有限公司 2025 年第二次临时股东大会参会须知 为维护投资者的合法权益，保障股东在公司 2025 年第二次临时股东大会期间依法 行使权力，确保股东大会的正常秩序和议事效率，依据《公司法》、《证券法》、中 国证监会《上市公司股东会规则》及本公司《公司章程》、《股东大会议事规则》的 有关规定，特制定本须知。 中国·宁波 二〇二五年六月三日 | 2025 年第二次临时股东大会参会须知 | | --- | | 2025 年第二次临时股东大会议程 | | 2025 年第二次临时股东大会议案 | | 关于增加部分募投项目实施主体及实施地点的议案 . | 一、请按照本次股东大会会议通知（详见 2025 年 5 月 16 日刊登于上海证券交易 所网站 www.sse.com.cn《关于召开 2025 年第二次临时股东大会的通知》）中规定的时 间和登记方法办理参加会议手续，证明文件不齐或手续不全的，谢绝参会。 二、股东大会设会务组，具体负责会议期间的组织及相关会务工作。 三、股东参加股东大会依法 ...

Group 1 - The company will hold a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 29, 2025, from 9:00 to 10:00 AM [1][2] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][3] - Investors can submit questions from May 22 to May 28, 2025, before 4:00 PM through the Roadshow Center website or via the company's email [3] Group 2 - The purpose of the briefing is to provide a comprehensive understanding of the company's operational results and financial status for the fiscal year 2024 and the first quarter of 2025 [2] - The company will address common investor concerns during the briefing, within the limits of information disclosure [2] - After the briefing, investors can access the main content and details of the event through the Shanghai Stock Exchange Roadshow Center [3]

爱柯迪股份有限公司（以下简称"公司"）已分别于 2025 年 3 月 31 日、4 月 30 日发布公司 2024 年度报告、2025 年第一季度报告，为便于广大投资者更 全面深入地了解公司 2024 年度、2025 年第一季度经营成果、财务状况，公司计 划于 2025 年 5 月 29 日（星期四）9:00-10:00 举行 2024 年度暨 2025 年第一季 度业绩说明会，就投资者关心的问题进行交流。 | 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-050 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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： 会议召开时间：2025 年 5 月 29 日（星期四）9:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https:/ ...

Key Insights - The report highlights the overall upward trend in various industries, including oil and petrochemicals, building materials, electronics, textiles, automotive, non-bank financials, and environmental protection, while sectors like electric equipment, machinery, food and beverage, pharmaceuticals, home appliances, banking, real estate, public utilities, and retail are experiencing a downward trend [2][3][5] Industry Overview - The semiconductor photomask market is dominated by US and Japanese companies, with a strong demand for domestic alternatives due to low domestic production rates [3] - The global photomask market reached USD 5.2 billion by 2022, showing consistent growth from 2012 to 2020 [3] - The CDMO sector is projected to generate revenue of CNY 83.191 billion in 2024, a decrease of 2.92% year-on-year, while the first quarter of 2025 shows a recovery with a revenue increase of 11.35% year-on-year [5] - The CRO sector is expected to face challenges in 2024 due to high base effects, but a significant recovery is anticipated in Q1 2025, with a net profit increase of 104.57% year-on-year [5] Company Performance - The report indicates that the company achieved a revenue of CNY 67.46 billion in 2024, reflecting a year-on-year growth of 13.24%, with a net profit of CNY 9.40 billion, up 2.86% year-on-year [11] - In Q1 2025, the company reported a revenue of CNY 16.66 billion, a slight increase of 1.41% year-on-year, and a net profit of CNY 2.57 billion, which is a 10.94% increase year-on-year [11] - The company has successfully launched its 500,000th five-in-one electric drive shell, enhancing its production capacity for products over 3000T [11] - The company is expected to achieve net profits of CNY 12.63 billion, 15.22 billion, and 17.99 billion from 2025 to 2027, with corresponding P/E ratios of 13.0, 10.8, and 9.1 [11] Market Trends - The report notes a significant increase in the demand for AI and robotics, with companies in these sectors expected to see a recovery in their stock prices following recent adjustments [10] - The report emphasizes the importance of domestic companies enhancing their R&D capabilities through acquisitions and talent acquisition to catch up with foreign competitors in the photomask industry [3] - The report also highlights the increasing importance of the AI industry, with Meta's Q1 2025 revenue reaching USD 42.3 billion, a 16% year-on-year increase, and a significant rise in AI-related advertising effectiveness [20]

Group 1 - Ningbo's A-share listed companies play a crucial role in the local economy and are significant in the national industrial landscape, reflecting the region's economic vitality and competitiveness [1] - As of May 13, 2024, Ningbo has 122 A-share listed companies, ranking 7th among prefecture-level cities and 4th among non-provincial capital cities, with a total market capitalization of 1.36 trillion yuan [2] - In 2024, Ningbo's A-share listed companies achieved a total revenue of 816.67 billion yuan, a year-on-year increase of 3.43%, while net profit was 60.86 billion yuan, a decline of 2.41% [2][4] Group 2 - 18 Ningbo listed companies reported revenues exceeding 10 billion yuan, with Jintian Co. leading at 124.16 billion yuan, followed by Ningbo Bank and others [4] - In Q1 2024, Ningbo's listed companies generated 189.36 billion yuan in revenue and 17.64 billion yuan in net profit, with growth rates of 1.82% and 4.29%, respectively, both surpassing the overall A-share market [4] Group 3 - The industry structure of Ningbo's listed companies shows a dual pattern of "traditional dominance and emerging rise," with significant representation in automotive, machinery, and power equipment sectors [5] - Ningbo is a key production base for automotive and components, with leading companies like Junsheng Electronics and Top Group integrated into the global automotive supply chain [5] - Emerging industries such as new energy, semiconductors, and artificial intelligence are rapidly developing, with companies like Samsung Medical achieving significant breakthroughs in overseas markets [5][6] Group 4 - Several Ningbo listed companies rank among the top in their respective industries, with Bull Group leading in light manufacturing and Top Group in the automotive sector [6][7] - As of May 13, 2024, four Ningbo companies have entered the top ten in their industries by market capitalization, including Bull Group and Yageo [7] Group 5 - Ningbo's economic growth is supported by government policies and a focus on high-quality development, with a GDP of 1.81477 trillion yuan in 2024, growing by 5.4% [8] - The local government has implemented initiatives to enhance the efficiency of company listings and encourage R&D investments, fostering technological innovation [9] - The future outlook for Ningbo's A-share listed companies suggests a transition from quantity growth to quality improvement, enhancing their position in the global industrial chain [9]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative return of over 20% within the next six months [5]. Core Insights - The company achieved a revenue of 6.746 billion yuan in 2024, representing a year-on-year growth of 13.24%. The net profit attributable to the parent company was 940 million yuan, up 2.86% year-on-year [1]. - In Q1 2025, the company reported a revenue of 1.666 billion yuan, a 1.41% increase year-on-year, and a net profit of 257 million yuan, which is a 10.94% increase year-on-year [1]. - The company has made significant advancements in its production capabilities, including the successful launch of its 500,000th five-in-one electric drive shell and the internalization of the electrophoresis process for its 48V project [2]. - The company is expanding its global footprint with the completion of various factories, including those in Malaysia and Mexico, which are expected to enhance its production capacity and support market expansion [2]. - The report projects net profits for 2025-2027 to be 1.263 billion yuan, 1.522 billion yuan, and 1.799 billion yuan respectively, with corresponding P/E ratios of 13.0, 10.8, and 9.1 [3]. Financial Summary - The company’s revenue is forecasted to grow from 5.957 billion yuan in 2023 to 11.059 billion yuan in 2027, with a compound annual growth rate (CAGR) of 15.79% [4]. - The EBITDA is expected to increase from 1.733 billion yuan in 2023 to 3.086 billion yuan in 2027, indicating a strong growth trajectory [4]. - The net profit attributable to the parent company is projected to grow significantly, with a forecast of 1.263 billion yuan in 2025, reflecting a growth rate of 34.44% compared to 2024 [4].

Core Viewpoints - The automotive sector is expected to continue its upward trend, driven by three main themes: AI robotics, AI intelligence, and favorable market conditions [4][8] - The market showed strong performance in the automotive sector, with passenger vehicles and components leading the gains, influenced by better-than-expected adjustments in US-China tariffs and previous significant corrections in the automotive market [4][8] Weekly Review Summary - In the second week of May, the number of compulsory insurance policies reached 443,000 vehicles, reflecting a week-on-week increase of 6.5% and a month-on-month increase of 29.8% [2][7] - The SW automotive index rose by 2.4%, with the best-performing segments being SW passenger vehicles (+4.4%) and SW automotive components (+2.2%), while commercial vehicles and motorcycles showed declines [2][7] Key Industry Changes - Weipai New Energy launched the 2025 model of the Gaoshan vehicle, equipped with the Coffee Pilot Ultra intelligent driving assistance system [3][7] - BYD was added to the Hang Seng Technology Index [3][7] - Geely Automobile reported Q1 2025 revenue of 72.5 billion yuan, a year-on-year increase of 24.5%, and a net profit of 5.67 billion yuan, up 263.4% year-on-year [3][7] - The acquisition of 100% equity in Wuhu Changpeng was completed, and the company was renamed Wuhu Top [3][7] - Baolong Technology's second phase of the 4.8MW distributed photovoltaic project in Ningguo was completed and accepted [3][7] Sector Configuration Recommendations - The company maintains a positive outlook for 2025, focusing on three main themes: AI robotics, AI intelligence, and favorable market conditions, with the robotics theme expected to have the highest elasticity in May [5][8] - Recommended stocks for the AI robotics theme include Top Group, Junsheng Electronics, and Precision Forging Technology [5][8] - For the AI intelligence theme, preferred stocks include Xpeng Motors, Li Auto, and Xiaomi in Hong Kong, and Seres, SAIC Motor, and BYD in A-shares [5][8] - The favorable market conditions theme includes recommendations for bus manufacturers like Yutong Bus and heavy-duty trucks like China National Heavy Duty Truck and Weichai Power [5][8] Market Performance Tracking - The automotive sector ranked third in A-shares and first in Hong Kong this week, with strong performances in passenger vehicles and components [12][21] - The automotive sector's performance in the SW index showed significant gains, with passenger vehicles leading the way [15][21] Sales Data Overview - In April, the total number of passenger vehicles insured was 443,000, with a year-on-year increase of 29.8% [44] - New energy vehicles accounted for 222,000 units, with a penetration rate of 50.2% [44]

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-049 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司（以下简称"公司"）董事会于近日收到证券事务代表 龚依琳女士的书面辞呈。龚依琳女士因个人原因申请辞去公司证券事务代表职务， 辞职后龚依琳女士将不在公司任职。根据《公司法》《公司章程》等有关规定， 龚依琳女士提交的辞职报告自送达董事会之日起生效。 龚依琳女士的辞职不会影响公司相关工作的正常开展。公司董事会将根据 《上海证券交易所股票上市规则》等相关规定，尽快聘任符合任职资格的人员担 任证券事务代表职务，协助公司董事会秘书开展工作。 公司董事会对龚依琳女士在担任证券事务代表期间为公司发展做出的贡献 表示衷心的感谢。 特此公告。 爱柯迪股份有限公司 爱柯迪股份有限公司 董事会 2025 年 5 月 17 日 关于证券事务代表辞职的公告 1 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。 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential relative price increase of over 15% [20]. Core Views - The company is expected to achieve revenue, net profit attributable to shareholders, and net profit excluding non-recurring gains and losses of 6.746 billion, 940 million, and 879 million yuan in 2024, representing year-on-year growth of 13.24%, 2.86%, and 0.40% respectively [1][3]. - In Q1 2025, the company reported revenue, net profit attributable to shareholders, and net profit excluding non-recurring gains and losses of 1.666 billion, 257 million, and 236 million yuan, with year-on-year growth of 1.41%, 10.94%, and 6.64% respectively [1][3]. - The company is advancing its globalization strategy and is firmly positioned in the "new energy vehicles + intelligent driving" product segment, aiming to deepen partnerships with leading overseas auto parts suppliers while expanding its market share in traditional small parts [1][12]. - The company is also focusing on optimizing its product structure and expanding its business from small to medium and large components, benefiting from the global trend of automotive lightweight upgrades [1][12]. Financial Performance Summary - In 2024, the company achieved total revenue of 6.746 billion yuan, a year-on-year increase of 13.24%, and a total profit of 1.091 billion yuan, up 2.5% year-on-year [2]. - The automotive segment generated revenue of 6.508 billion yuan in 2024, reflecting a growth of 14.75%, while the industrial segment saw a decline in revenue to 171 million yuan, down 27.72% [3][10]. - The company's gross margin for 2024 was 27.65%, a decrease of 1.44 percentage points year-on-year, primarily due to rising raw material costs [10][11]. Production and Capacity Expansion - The company is steadily constructing production facilities both domestically and internationally, with factories in Henshan, Ma'anshan, and Malaysia on schedule, and the first phase of the Mexico factory turning profitable [11]. - The company is also expanding its product categories to align with trends in the automotive and humanoid robot industries, maintaining a high equipment utilization rate of over 90% [11].

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-045 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 关于召开"爱迪转债"2025 年第一次债券 持有人会议的通知 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： 根据《爱柯迪股份有限公司公开发行可转换公司债券募集说明书》及《爱 柯迪股份有限公司可转换公司债券持有人会议规则》（以下简称"《债券持有人 会议规则》"）相关规定，债券持有人会议对表决事项作出决议，须经出席（包 括现场、通讯等方式参加会议）本次会议并有表决权的债券持有人（或债券持有 人代理人）所持未偿还债券面值总额超过二分之一同意方为有效。 根据《债券持有人会议规则》相关规定，经表决通过的债券持有人会议 决议对本期可转债全体债券持有人具有法律约束力。 经中国证券监督管理委员会《关于核准公司有限公司公开发行可转换公司债 券的批复》（证监许可[2022]1917 号）核准，公司获准向社会公开发行面值总 ...