Core Viewpoint - Aikodi announced an adjustment to the conversion price of its convertible bonds, which remains unchanged at 17.55 yuan per share following the repurchase and cancellation of restricted stock under its 2024 incentive plan [2]. Group 1 - The original conversion price for Aikodi's convertible bonds was set at 17.55 yuan per share, and this price remains unchanged after the adjustment [2]. - The number of restricted stocks repurchased and canceled under the 2024 incentive plan is small relative to the total share capital of the company [2]. - The adjustment calculation for the conversion price was rounded, resulting in no change to the conversion price of "Aidi Convertible Bonds" [2].

Core Points - Aikodi announced the repurchase and cancellation of 109,000 restricted stocks due to 30 initial incentive recipients leaving the company for personal reasons [2] Group 1 - The repurchase of restricted stocks is in accordance with the "Management Measures for Equity Incentives of Listed Companies" and the "Sixth Phase Restricted Stock Incentive Plan (Draft)" [2] - The cancellation date for the repurchased stocks is set for October 27, 2025 [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 后续，公司需按照上海证券交易所有关规定进行信息披露，并根据《公司法》等法规办理股份注销登记 等相关手续。 回购注销具体情况：价格6.85元/股，基于利润分配调整 本次回购注销的价格确定与公司2024年度利润分配方案相关。根据《激励计划》规定及2024年度利润分 配实施情况，本次激励计划首次授予部分的回购价格已调整为6.85元/股。因此，上述30名离职激励对 象的限制性股票回购注销价格统一为6.85元/股。 程序合规：已获必要授权与批准，后续需办理注销登记 从决策程序来看，爱柯迪本次回购注销事项已履行必要的内部审批。公司于2024年10月29日召开第四届 董事会第二次会议、2024年11月19日召开2024年第三次临时股东大会，审议通过了与本次激励计划相关 的议案，并授权董事会办理激励计划变更与终止（包括回购注销）事宜。2025年8月27日，公司第四届 董事会第十三次会议、第四届监事会第十一次会议进一步审议通过了《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》。 上海市通力律师事务所出具的法律意见书认为， ...

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-123 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 目前，公司已向中国证券登记结算有限责任公司上海分公司递交了本次回购 1 调整前转股价格：17.55元/股 调整后转股价格：17.55元/股 注销相关申请，预计本次 109,000 股限制性股票于 2025 年 10 月 27 日完成注销。 具体内容详见公司于 2025 年 10 月 23 日披露的《关于 2024 年限制性股票激励计 划部分限制性股票回购注销实施公告》（公告编号：临 2025-122）。 根据公司《公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 发行条款的有关规定：在"爱迪转债"发行之后，若公司发生派送红股、转增股 本、增发新股（不包括因本次发行的可转债转股而增加的股本）、配股以及派发 现金股利等情况使公司股份发生变化时，转股价格相应调整。 关于部分限制性股票回购注销不调整"爱迪转债" 转股价格的公告 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 ...

| 证券代码：600933 | 证券简称：爱柯迪 | 公告编号：临 2025-122 | | --- | --- | --- | | 转债代码：110090 | 转债简称：爱迪转债 | | 爱柯迪股份有限公司 关于 2024 年限制性股票激励计划部分限制性股票 回购注销实施公告 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： 本次注销股份的有关情况 | 回购股份数量 | | 注销股份数量 | | | | 注销日期 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 109,000 | 股 | 109,000 | 股 | 2025 | 年 | 10 月 | 27 日 | 一、本次限制性股票回购注销的决策与信息披露 1、根据公司 2024 年第三次临时股东大会的授权，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 ...

上海市通力律师事务所 关于爱柯迪股份有限公司回购注销部分限制性股票 相关事项的法律意见书 致：爱柯迪股份有限公司 敬启者： 上海市通力律师事务所（以下简称"本所"）受爱柯迪股份有限公司（以下简称"爱 柯迪"或"公司"）委托，指派翁晓健律师、赵婧芸律师（以下简称"本所律师"）作为 公司特聘专项法律顾问，就公司第六期限制性股票激励计划（以下简称"本次激励计划"） 回购注销部分限制性股票（以下简称"本次回购注销"）相关事项，根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 中国证券监督管理委员会（以下简称"中国证监会"）发布的《上市公司股权激励管理 办法》（以下简称"《管理办法》"）、上海证券交易所发布的《上海证券交易所股票上市 规则》（以下简称"《上市规则》"）等法律、行政法规和其他规范性文件（以下简称"法 律、法规和规范性文件"）和《爱柯迪股份有限公司章程》（以下简称"《公司章程》"） 的有关规定出具本法律意见书。 为出具本法律意见书，本所律师已对公司向本所提交的有关文件、资料进行了我们 认为出具本法律意见书所必要的核查和验证。 24SH310101 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601689 | 拓普集团 | 3.64 | 2.26 | 21956.21 | | 600933 | 爱柯迪 | 8.36 | 5.35 | 12665.15 | | 600699 | 均胜电子 | 4.18 | 3.77 | 9663.42 | | 603179 | 新泉股份 | 4.08 | 3.30 | 8150.32 | | 002472 | 双环传动 | 3.35 | 3.30 | 7574.76 | | 300652 | 雷迪克 | 6.52 | 8.33 | 6265.33 | | 689009 | 九号公司 | 1.81 | 1.48 | 4081.93 | | 603730 | 岱美股份 | 3.55 | 2.19 | 3974.88 | | 600686 | 金龙汽车 | 4.80 | 7.05 | 3830.57 | | 000338 | 潍柴动力 | 0.21 | 0.86 | 3653.12 | | 600166 | 福田 ...

Market Overview - The automotive parts sector increased by 1.73% on October 20, with Wangcheng Technology leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Top Gainers in Automotive Parts Sector - Wangcheng Technology (code: 920896) closed at 23.19, up 14.80% with a trading volume of 76,400 shares and a transaction value of 177 million [1] - Sanlian Forging (code: 001282) closed at 25.97, up 10.00% with a trading volume of 215,600 shares and a transaction value of 535 million [1] - Slin Group (code: 301550) closed at 115.59, up 8.56% with a trading volume of 57,300 shares and a transaction value of 655 million [1] - Aikodi (code: 600933) closed at 21.77, up 8.36% with a trading volume of 523,200 shares and a transaction value of 1.137 billion [1] - Xinzhi Group (code: 002664) closed at 32.52, up 6.97% with a trading volume of 248,100 shares and a transaction value of 800 million [1] Top Losers in Automotive Parts Sector - Kaiter Co. (code: 920978) closed at 38.35, down 5.66% with a trading volume of 66,700 shares [2] - Tianpu Co. (code: 605255) closed at 85.80, down 4.81% with a trading volume of 108,500 shares [2] - Shenyang Technology (code: 605228) closed at 17.11, down 4.31% with a trading volume of 141,100 shares [2] - Meili Technology (code: 300611) closed at 33.50, down 4.23% with a trading volume of 307,700 shares and a transaction value of 1.038 billion [2] Fund Flow Analysis - The automotive parts sector experienced a net outflow of 328 million from institutional investors and 508 million from speculative funds, while retail investors saw a net inflow of 836 million [2] - Major stocks with significant fund flow include: - Top Group (code: 601689) with a net inflow of 220 million from institutional investors [3] - Aikodi (code: 600933) with a net inflow of 138 million from institutional investors [3] - Shuanghuan Transmission (code: 002472) with a net inflow of 112 million from institutional investors [3]

Core Viewpoint - The report highlights the ongoing trend of mergers and acquisitions (M&A) in the market, with companies focusing on high-quality industrial acquisitions to enhance productivity and inject vitality into the capital market [4][8]. Group 1: M&A Activity - Aikodi has completed the acquisition of 71% equity in Zhaolbo, with the share registration for the acquisition finalized on October 10 [4]. - Since the third quarter, at least eight companies listed on the Shanghai Stock Exchange, including Zongyi Co. and Guangxi Broadcasting, have successfully completed M&A transactions [5]. - Anfu Technology has increased its stake in Anfu Energy from 62.25% to 93.26% through a share issuance and cash payment for 31% equity [6]. Group 2: Regulatory Approvals - Several companies have received registration approvals from the China Securities Regulatory Commission (CSRC) for their M&A plans, facilitating the completion of these transactions [6][7]. - For instance, on October 1, Yuanda Environmental announced that its acquisition of 100% equity in Wuling Power and 64.93% equity in Changzhou Hydropower received CSRC approval [7]. Group 3: Industry Integration - The trend of horizontal and vertical integration is evident, with companies acquiring peers or upstream/downstream businesses to achieve synergies and enhance product offerings [8]. - Aikodi's acquisition of Zhaolbo aims to improve its automotive parts supply chain, while Changying Tong's acquisition of Shengyisheng Optoelectronics seeks to achieve upstream and downstream collaboration in the optical communication sector [8]. Group 4: Transformation and Restructuring - Companies are also pursuing transformation through restructuring, as seen with Jiangtong Equipment's exit from coal-related businesses and Guangxi Broadcasting's divestment of its broadcasting operations [9]. - The restructuring efforts are aimed at shedding unprofitable segments and focusing on more promising areas, thereby creating opportunities for future growth [9].

Core Viewpoint - The M&A market is experiencing a surge, with multiple companies completing significant transactions in the third quarter, which is expected to enhance their annual performance and inject vitality into the capital market [2][3][4]. Group 1: Completed M&A Transactions - Aikodi has successfully completed the acquisition of 71% of Zhaolbo's shares, with the transaction process advancing as of late September [2]. - Anfu Technology completed the acquisition of a 31% stake in Anfu Energy, increasing its ownership from 62.25% to 93.26%, with projected net profit rising from 168 million to 253 million yuan for 2024 [3]. - Jiangtong Equipment, formerly known as Anyuan Coal Industry, completed a major asset restructuring to shift its focus from coal to magnetic selection equipment [3]. Group 2: Regulatory Approvals - Nearly ten companies, including Zhizheng Co., Qianjin Pharmaceutical, and Yuanda Environmental Protection, received registration approvals from the China Securities Regulatory Commission (CSRC) for their M&A plans in the third quarter [4]. - Yuanda Environmental Protection announced on October 1 that it received CSRC approval for its acquisition of 100% of Wuling Power and 64.93% of Changzhou Hydropower [4]. Group 3: Industry Integration - The trend of horizontal and vertical integration is evident, with companies acquiring peers or upstream/downstream businesses to enhance product offerings and operational efficiency [5]. - Aikodi's acquisition of Zhaolbo aims to improve its automotive parts supply chain, while Changying Tong's acquisition of Shengyisheng Optoelectronics focuses on upstream and downstream synergy in the optical communication sector [5]. - Over the past year, over 70% of major asset restructurings in the Shanghai market were based on industry logic, involving 77 transactions worth over 220 billion yuan [5]. Group 4: Transformation Restructuring - Companies are rapidly progressing with transformation restructurings to create more growth opportunities, such as Jiangtong Equipment's exit from coal and Guangxi Broadcasting's divestment of its broadcasting business [6]. - ST Songfa's restructuring involved divesting traditional ceramic products to transition into high-end equipment manufacturing [6].