| 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-070 | | --- | --- | --- | | 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 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 9 日 (二)股东大会召开的地点：天津市和平区大沽北路 2 号环球金融中心 22 层 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 374 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 618,125,366 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 71.1267 | 2、公司在任监事3人，出席3人，因工作原因，监事刘庭序、李琰以通讯方 式出席会议； 3、董事会秘 ...

| 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-072 | | --- | --- | --- | | 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 第六届董事会第一次会议决议公告 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。 爱玛科技集团股份有限公司（以下简称"公司"）于 2025 年 9 月 9 日召开 2025 年第二次临时股东大会，选举产生公司第六届董事会非独立董事、独立董 事，与公司职工代表大会选举产生的职工董事共同组成公司第六届董事会。公司 第六届董事会第一次会议于同日以现场结合通讯表决方式召开，全体董事已同意 豁免通知时限。公司董事共 9 人，应当出席董事 9 人，实际出席董事 9 人。全体 董事共同推举董事张剑先生主持本次会议。会议召开符合《公司法》《公司章程》 及有关法律、法规的规定。与会董事审议通过如下决议： 一、审议通过了《关于选举公司第六届董事会董事长、副董事长的议案》 同意选举张剑先生为公司董事长，选举段华女士为公司副董事长，任期三年， ...

Summary of Aima Technology Conference Call Company Overview - Aima Technology is a leading player in the electric two-wheeler industry, holding a domestic market share of approximately 20%, ranking second after Yadea [3][13]. Key Points and Arguments Industry Dynamics - The electric two-wheeler industry is experiencing supply-side optimization driven by the implementation of new national standards and a global vehicle replacement policy, which encourages higher quality and higher-priced electric vehicles [2][7][8]. - The new national standards focus on enhancing safety and practicality, such as increasing vehicle weight limits and mandating the installation of safety systems [8]. Product and Technology Upgrades - Aima Technology has upgraded its products through advancements in battery, motor, and control technologies, leading to an increase in average product prices. The introduction of the Engine Max system and the Saber Tooth series exemplifies this [2][4]. - The company has adopted a strategy of integrating basic smart features into lower-priced models while offering advanced functionalities in mid-range models, allowing it to compete effectively against new entrants in the smart vehicle market [5]. Sales and Market Position - Aima's revenue for 2022, 2023, and 2024 is projected to be 20.8 billion, 21 billion, and 21.6 billion respectively, reflecting year-on-year growth of 35%, 1%, and 3% [3]. - The net profit margin is expected to improve to 9.2% by 2024 due to product structure optimization and cost control [3]. Consumer Base Expansion - Aima is optimizing its user profile by expanding its product line to include more male-oriented models and enhancing store structures by eliminating inefficient outlets and upgrading stores in first and second-tier cities [6]. - The company has over 30,000 stores, solidifying its presence in lower-tier markets while upgrading its offerings in urban areas [6]. Future Growth Directions - Aima's future growth strategies include launching the sub-brand "Zero Season" to target the high-end market, expanding its three-wheeler business, and exploring international markets in Southeast Asia and Europe [9][12]. - The company aims to strengthen its brand influence while enhancing store scale and quality in first and second-tier cities [9]. Production and Sales Trends - Aima's three-wheeler sales are projected to grow from 260,000 in 2022 to 550,000 in 2024, with year-on-year increases of 28%, 63%, and 29% respectively [10]. - The company is poised to capture market share as local governments phase out non-compliant models and promote vehicle replacements [10]. International Business Development - Aima's overseas business is in its early stages, with international revenue accounting for only 1% of total revenue in 2024. The company is focusing on Southeast Asia and select European markets [11]. - Aima has established over 100 offline stores in Indonesia and is collaborating with local distributors in Vietnam, while also participating in international exhibitions to enhance brand visibility [11]. Financial Outlook - Aima's dividend payout is expected to increase by 123% year-on-year in the first half of 2025, with a cash dividend of approximately 550 million yuan, reflecting a 45% payout ratio [12]. - The company anticipates continued improvement in cash flow and a reduction in capital expenditures, which will support further increases in dividend rates [12]. Additional Important Insights - Aima Technology's strategic focus on high-end product development, three-wheeler business expansion, and international market penetration positions it well for future growth amid evolving industry dynamics [9][12].

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][10][16] Core Views - The company is expected to see a strong performance in H2 2025, with revenue and profit forecasts adjusted upwards due to robust demand and favorable market conditions [10][12] - The company reported a revenue of 6.8 billion yuan in Q2 2025, representing a 21% year-on-year increase, and a net profit of 610 million yuan, up 31% year-on-year, aligning with market expectations [4] - The company is well-positioned to benefit from the increasing industry concentration and its compliance with national subsidy application requirements [6][10] Financial Performance Summary - Revenue projections for 2025 and 2026 are 27.4 billion yuan and 30.7 billion yuan, respectively, reflecting growth rates of 27% and 12% [3][10] - The net profit estimates for 2025 and 2026 are 2.6 billion yuan and 3.2 billion yuan, indicating growth rates of 32% and 22% [3][10] - The earnings per share (EPS) are projected to be 3.01 yuan for 2025 and 3.67 yuan for 2026 [3][10] Market and Industry Outlook - The industry is transitioning to a high-end and intelligent growth phase, with expected sales reaching 70 million units post-2025, indicating a 10-15% growth [9] - The company has a strong lineup of over 10 new models compliant with the new national standards, expected to launch in September, which may positively impact sales [8][10]

Core Viewpoint - The company reported its semi-annual results, which met market expectations, showing significant growth in revenue and net profit [1] Group 1: Financial Performance - In Q2, the company achieved revenue of 6.8 billion yuan, representing a 21% year-on-year increase, and a net profit of 610 million yuan, up 31% [1] - The average single-unit sales revenue growth was 26% in Q1 and 21% in Q2, while the sales volume growth was 19% in Q1 and 17% in Q2 [2] - The average selling price (ASP) increased by 5% in Q1 and 3% in Q2, with single-unit gross profit at 415 yuan in Q1 and 389 yuan in Q2 [2] Group 2: Market Position and Competitive Advantage - The company has a significant advantage in claiming national subsidies, with over 70% of its stores meeting the qualification requirements [3] - The company is well-positioned to benefit from the increasing concentration in the industry [3] Group 3: Outlook for H2 - The regulatory environment is expected to have a limited impact on terminal sales, particularly in second-tier cities [4] - Strong demand is anticipated in Q3 due to dealers stocking up on older standard vehicles, leading to higher channel inventory [4] - The company has over 10 new models ready for the new national standards, expected to launch in September, with an estimated cost increase of 50-100+ yuan per unit [4] Group 4: Investment Recommendations - The company expects an acceleration in average selling prices in H2, with strong sales performance anticipated in Q3 and limited impact from new standards in lower-tier cities [5] - Revenue forecasts for 2025 and 2026 have been adjusted to 27.4 billion yuan and 30.7 billion yuan, reflecting increases of 27% and 12% respectively [5] - The projected net profit for 2025 and 2026 is 2.6 billion yuan and 3.2 billion yuan, with corresponding growth rates of 32% and 22% [5]

Market Performance - The motorcycle and other sectors increased by 2.61% on September 5, with Huafang Racing leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Huafang Racing (834058) saw a significant rise of 29.98%, closing at 48.52 with a trading volume of 68,000 shares and a turnover of 327 million yuan [1] - Taotao Vehicle (301345) increased by 8.22%, closing at 199.50 with a trading volume of 26,200 shares and a turnover of 514 million yuan [1] - Other notable performers include Jiang Kui General (603766) up 5.05%, Yong'an Xing (603776) up 4.38%, and Lvtong Technology (301322) up 3.59% [1] Capital Flow - The motorcycle and other sectors experienced a net inflow of 124 million yuan from main funds, while retail funds saw a net outflow of 106 million yuan [1] - Specific stocks like Aima Technology (603529) had a main fund net inflow of 56.95 million yuan, while retail funds showed a net outflow of 27.17 million yuan [2] - Jiang Xin General (603766) also had a main fund net inflow of 27.81 million yuan, with retail funds experiencing a net outflow of 17.87 million yuan [2]

Core Points - The company announced a cash dividend of 0.628 yuan per share for A shares, totaling approximately 545.76 million yuan to be distributed to shareholders [1][2] - The record date for the dividend is set for September 10, 2025, with the last trading day on September 11, 2025, and the ex-dividend date also on September 11, 2025 [2][6] - The company held its board meeting on August 22, 2025, to approve the 2025 semi-annual profit distribution plan, which does not require further shareholder approval [1][2] Dividend Distribution Details - The total number of shares for the dividend distribution is 869,047,956 shares, with a cash dividend of 0.628 yuan per share [2] - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the record date [2][6] - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [2] Tax Implications - For individual shareholders holding unrestricted shares for over one year, the cash dividend is exempt from personal income tax, effectively remaining at 0.628 yuan per share [4] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution, but tax will be calculated upon the sale of the shares [4][5] - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net dividend of 0.5652 yuan per share after tax [5][6] Convertible Bond Adjustments - The initial conversion price for the company's convertible bonds was set at 61.29 yuan per share, which has been adjusted multiple times due to various dividend distributions [6][7] - Following the 2025 semi-annual profit distribution, the conversion price will be adjusted from 38.08 yuan to 37.45 yuan per share [7]

Group 1 - The company, Aima Technology, announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.628 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for September 10, 2025, and the ex-dividend date is September 11, 2025 [2]

关于参加天津辖区上市公司 2025 年投资者网上集体接待日 暨半年报业绩说明会活动的公告 本公司董事会、全体董事及相关股东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。 | 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-067 | | --- | --- | --- | | 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 特此公告。 爱玛科技集团股份有限公司董事会 为进一步加强与投资者的互动交流，爱玛科技集团股份有限公司（以下简称 "公司"）将参加由天津证监局指导、天津上市公司协会及深圳市全景网络有限 公司联合举办的"2025 年天津辖区上市公司投资者网上集体接待日活动"，现 将有关事项公告如下： 2025 年 9 月 5 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号：全景财经；或下载全景路演 APP， 参与本次互动交流。网上互动交流时间为 2025 年 9 月 11 日（星期四）15:00-17:00。 出席 ...

| 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-069 | | --- | --- | --- | | 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： 证券停复牌情况：适用 因2025 年半年度权益分派,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113666 | 爱玛转债 | 可转债转股复牌 | | | 2025/9/10 | 2025/9/11 | "爱玛转债"本次转股价格调整实施日：2025 年 9 月 11 日 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 2,000 万张可转换公司债券，每张面值 100 元，发行总额 200,000 万元，并 于 2023 年 3 ...