? 爱玛科技集团股份有限公司（以下简称"公司"）预计 2025 年第一季度 实现归属于上市公司股东的净利润约为 60,471 万元，与上年同期（法定披露数 据）相比，将增加 12,139.80 万元，同比增长 25.12%。 证券代码：603529 证券简称：爱玛科技 公告编号：2025-007 转债代码：113666 转债简称：爱玛转债 爱玛科技集团股份有限公司 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： ? 预计 2025 年第一季度实现归属于上市公司股东的扣除非经常性损益的 净利润约为 59,265 万元，与上年同期相比，将增加 14,221.08 万元，同比增长 一、本期业绩预告情况 二、上年同期业绩情况 （一）公司 2024 年第一季度利润总额为 57,669.80 万元；归属于上市公司 股东的净利润为 48,331.20 万元；归属于上市公司股东的扣除非经常性损益的净 利润为 45,043.92 万元。 （二）每股收益：0.58 元。 （一）业绩预告期间 （二）业绩预告情况 经财务部门初步测算， ...

证券代码：603529 证券简称：爱玛科技 公告编号：2025-006 转债代码：113666 转债简称：爱玛转债 爱玛科技集团股份有限公司 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。 股本 86,171.60 86,192.50 -0.02 归属于上市公司股东的每股净 资产（元） 注：1、本报告期初数同法定披露的上年年末数； 二、经营业绩和财务状况情况说明 报告期内，公司实现营业收入2,160,629.42万元，同比增长2.71%；实现归 属于上市公司股东的净利润198,792.82万元，同比增长5.68%；实现归属于上市 公司股东的扣除非经常性损益的净利润179,158.93万元，同比增长1.54%。 本公告所载2024年度主要财务数据为初步核算数据，未经会计师事务所审计， 具体数据以公司2024年年度报告中披露的数据为准，提请投资者注意投资风险。 一、2024 年度主要财务数据和指标 | | | | 单位：万元 | | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同 ...

未转股可转债情况：截至 2025 年 3 月 31 日，尚未转股的"爱玛转债"金 额为 1,999,505,000 元，占"爱玛转债"发行总额的 99.9753%。 本季度转股情况：2025 年 1 月 1 日至 2025 年 3 月 31 日期间，"爱玛转债" 转股金额为 2,000 元，因转股形成的股份数量为 50 股。 一、可转债发行上市概况 经中国证券监督管理委员会《关于核准爱玛科技集团股份有限公司公开发行 可转换公司债券的批复》（证监许可[2022]3038 号）核准，爱玛科技集团股份 有限公司（以下简称"公司"）于 2023 年 2 月 23 日公开发行了 2,000 万张可转 换公司债券（以下简称"可转债"），每张面值为人民币 100 元，发行总额为人 民币 20 亿元，期限 6 年，票面利率为第一年 0.3%、第二年 0.5%、第三年 1.0%、 第四年 1.5%、第五年 1.8%、第六年 2.0%。 | 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-008 | | --- | --- | --- | | 转债代码：113666 | 转债简称：爱玛转债 | | 爱玛科 ...

Financial Performance - The company expects a net profit attributable to shareholders of approximately 604.71 million yuan for Q1 2025, an increase of 121.40 million yuan, representing a year-on-year growth of 25.12%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around 592.65 million yuan, an increase of 142.21 million yuan, with a year-on-year growth of 31.57%[4] - In Q1 2024, the net profit attributable to shareholders was 483.31 million yuan, and the net profit after deducting non-recurring gains and losses was 450.44 million yuan[7] Business Strategy - The company focuses on the R&D and manufacturing of electric two-wheelers and three-wheelers, driven by user demand and technological innovation[8] - The company aims to optimize product structure and enhance the proportion of high-value models through improved channel coverage and supply chain collaboration[8] Performance Forecast - The performance forecast is based on preliminary calculations by the finance department and has not been audited by registered accountants[9] - The company emphasizes that there are no significant uncertainties affecting the accuracy of the performance forecast[9] - The forecast data is preliminary and the final financial data will be disclosed in the official Q1 2025 report[10]

Financial Performance - The company achieved total operating revenue of 2,160,629.42 million yuan, representing a year-on-year increase of 2.71%[4] - The net profit attributable to shareholders reached 198,792.82 million yuan, up 5.68% compared to the previous year[8] - The basic earnings per share rose to 2.32 yuan, marking a 5.45% increase from the previous year[4] - The net profit excluding non-recurring gains and losses was 179,158.93 million yuan, a year-on-year increase of 1.54%[8] Assets and Equity - The total assets at the end of the reporting period were 2,331,876.66 million yuan, an increase of 17.22% from the end of the previous year[8] - The equity attributable to shareholders increased to 902,984.95 million yuan, reflecting a growth of 17.09% year-on-year[8] - The net asset per share attributable to shareholders was 10.48 yuan, up 17.09% from the previous year[8] Return on Equity - The company reported a decrease of 1.65 percentage points in the weighted average return on equity, which stood at 23.75%[4] Strategic Insights - The company attributed its performance improvement to enhanced product strength, brand promotion, and upgraded store structures[8] - The company emphasizes the importance of consumer insights and integrated sales-service store models in driving user satisfaction and market appeal[8]

2025年3月31日，爱玛科技（603529）披露接待调研公告，公司于2月5日至3月19日接待淡水泉、景顺长 城、东方红、富国基金、易方达基金、汇添富基金等32家机构调研。 调研情况显示，爱玛科技在调研中对多个方面情况进行了说明。在国家"以旧换新"政策下，电动自行车 品类消费潜力释放，推动行业转型和企业发展。新国家标准实施重构了全产业链标准，促使行业变革， 爱玛依托核心优势抢占市场先机。 公司的电动三轮车业务中休闲三轮增幅快，公司加速丰县生产基地投建，推进全场景产品矩阵。2025年 公司在渠道方面，线下投入专项资金，线上积极推进新零售，同时运用数智化培训系统打造引流矩阵。 公司在海外市场拓展上因地制宜，参展美国CES并布局东南亚市场。在产品提升方面，秉持创新战略推 动价值变现。在拓展高端电动两轮车领域上，做功于核心技术和智能化，实施品牌向上战略。 调研详情如下： 问题三、公司电动三轮车业务推进情况和展望? 答:公司的电三轮品类分为休闲三轮、货运三轮、篷车三轮,从动销情况看,休闲三轮增幅最快,因其外观 时尚、车型多元,在功能配置上能满足消费者休闲出行、接送孩子等多场景的出行需求;货运三轮在耐用 的基础上动力更强 ...

证券研究报告 爱玛科技 (603529 CH) 政策/渠道/产品共振，25 年有望加速 成长 | 华泰研究 | | | 更新报告 | | --- | --- | --- | --- | | 2025 年 | 3 月 | 31 日│中国内地 | 其他交运设备 | 25 年以旧换新政策加码带动电动两轮车消费潜力释放，行业景气度显著攀 升。爱玛科技 25 年将在渠道端和产品端同步发力，作为行业龙头有望把握 "以旧换新+新国标"政策周期下的需求扩张及格局优化机遇，维持买入。 行业：以旧换新加力扩围驱动需求释放，新国标有望带来头部份额集中 25 年电动两轮车以旧换新政策通过扩大收旧范围、简化流程、地方加大补 贴力度，打通 24 年出现的执行堵点，显著提升门店与消费者参与率：25 年 初至 3 月 18 日我国电动两轮车平均补贴额提升至 610 元，日均置换量较 24 年提升约 135%。以期间日均置换量推算，全年或拉动超 900 万辆置换， 配合新国标带来的替换需求，行业销量修复趋势明确。格局方面，上一轮新 国标替换周期（19-23 年）行业 CR3 由 40%提至 63%，我们认为本轮新国 标执行同样有望带来行业马太 ...

为规范公司募集资金管理和使用，保护投资者权益，公司设立了募集资金 专项账户。公司及子公司已与保荐机构、募集资金专户监管银行签订了募集资金 专户存储三方/四方监管协议。 二、募投项目的基本情况 华泰联合证券有限责任公司 关于爱玛科技集团股份有限公司 部分公开发行可转换公司债券募集资金投资项目延期的 核查意见 华泰联合证券有限责任公司（以下简称华泰联合证券"或"保荐机构"）作 为爱玛科技集团股份有限公司（以下简称"公司"或者"爱玛科技"）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》《上市公司监管指引第 2 号 ——上市公司募集资金管理和使用的监管要求》及《上海证券交易所上市公司自 律监管指引第 1 号——规范运作》等有关法律法规的要求，对爱玛科技部分公开 发行可转换公司债券募集资金投资项目延期的事项进行了审慎核查，具体情况如 下： 一、募集资金基本情况 经中国证监会《关于核准爱玛科技集团股份有限公司公开发行可转换公司债 券的批复》（证监许可〔2022〕3038 号）的核准，爱玛科技公开发行可转换公司 债券（以下简称"可转债"）2,000.00 万张，发行价格为每张人民币 100.00 元， 募集资金 ...

| 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-005 | | --- | --- | --- | | 转债代码：113666 | 转债简称：爱玛转债 | | 爱玛科技集团股份有限公司 关于部分公开发行可转换公司债券募集资金投资项目延期 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： 公开发行可转换公司债券募集资金投资项目延期概况："丽水爱玛车业 科技有限公司新能源智慧出行项目（一期）"达到预定可使用状态日期延期至 2027 年 12 月。 一、募集资金基本情况 经中国证监会《关于核准爱玛科技集团股份有限公司公开发行可转换公司债 券的批复》（证监许可〔2022〕3038 号）的核准，爱玛科技集团股份有限公司 （以下简称"公司"）公开发行可转换公司债券（以下简称"可转债"）2,000.00 万张，发行价格为每张人民币 100.00 元，募集资金总额为人民币 200,000.00 万元，扣除各项发行费用后的实际募集资金净额为人民币 199,379.74 万元。本 次可转债募集资金 ...

Summary of Aima Technology Conference Call Industry Overview - The electric two-wheeler industry in 2025 is expected to benefit from the trade-in policy and the implementation of new national standards, leading to strong demand and increased industry concentration [2][3][26] - The new national standards are driving a shift from OEM to OBM models, benefiting leading brands like Aima Technology while posing challenges for smaller brands [2][7] Company Strategy - Aima Technology plans to increase store numbers and launch new products to capture market share [2][4] - The company is introducing a sub-brand targeting the high-end market to compete with brands like Niu and Ninebot, enhancing product performance and intelligence [2][8] - Aima is expanding into the overseas market, focusing on Southeast Asia, with established production and distribution in Vietnam and Indonesia, and expanding retail in the U.S. [2][10] Market Dynamics - The average selling price (ASP) and profitability of electric two-wheelers are expected to rise significantly in 2025, with industry competition easing as companies focus on new product launches and premium pricing [2][11] - The trade-in policy primarily benefits leading brands, as smaller brands show less willingness to participate, accelerating industry consolidation [2][12] Product Development - Aima is set to launch new products that comply with the new national standards by July 2025, with a focus on high-end and delivery vehicles [4][21] - The company maintains a leading position in the female market while enhancing male product lines with improved performance and expanding into high-speed electric motorcycles [9] Financial Expectations - Aima anticipates overall industry growth of at least 15% in 2025, with a target growth rate of over 20% for the company [2][26] - The company expects to achieve a significant increase in sales volume, with the trade-in policy projected to drive sales to 15 million units for the year [19][20] Inventory and Sales - Current inventory levels are not yet replenished due to strong demand, with good sales performance noted in March 2025 [22] - The acceptance of new national standard vehicles varies by region, with northern and western areas showing higher acceptance compared to southern regions [23] Future Outlook - Aima is optimistic about future demand for electric two-wheelers, viewing them as essential for short-distance travel, and expects continued growth despite regulatory changes [30] - The company plans to maintain a dividend payout ratio of no less than 30% for 2025 [29] Additional Insights - The new product launch strategy includes a significant focus on high-end products, with expectations that new products will account for 50-60% of total sales [13][15] - Aima's overseas market strategy is still in its early stages, with higher ASP and profitability compared to domestic markets, targeting both replacement of fuel motorcycles and previously underserved demographics [27]