Core Viewpoint - Aima Technology (603529.SH) is undergoing layoffs across multiple departments, including its international and high-end brand divisions, despite reporting strong revenue growth in recent quarters [1][2]. Group 1: Layoffs and Company Response - Aima has initiated layoffs affecting various departments, with reports indicating that the international and high-end brand divisions have seen reductions exceeding 50% [1]. - Aima's investor hotline stated that personnel adjustments are normal during corporate development, denying any significant workforce reduction and asserting that the international and high-end departments are still operational [1]. Group 2: Financial Performance - In the first three quarters of 2025, Aima achieved a revenue of 21.09 billion yuan, a year-on-year increase of 20.78%, and a net profit of 1.907 billion yuan, up 22.78%, marking the best performance in its history for this period [2]. - Despite stable growth, Aima faces increasing competition from industry leaders like Yadea and emerging players, which are growing at a faster pace [2][3]. Group 3: Competitive Landscape - Yadea reported a revenue of 19.19 billion yuan in the first half of 2025, with a year-on-year growth of 33.11%, while its net profit increased by 59.50% [3]. - New entrants like Ninebot have shown even more rapid growth, with a revenue of 18.39 billion yuan in the first three quarters of 2025, reflecting a year-on-year increase of 68.63% [3]. Group 4: International Expansion and Challenges - Aima has been pursuing international expansion since 2015, with significant investments in Southeast Asia, including operational factories in Vietnam and Indonesia [4][5]. - However, Aima's international business remains underwhelming, with revenue from international operations accounting for only 0.69% of total revenue in the first half of 2025, down from around 1% previously [4][5]. Group 5: High-End Market Strategy - Aima launched a new high-end electric motorcycle brand, Zeroji, targeting urban youth, with plans to open experience centers in major cities by mid-2026 [6]. - The company faces challenges in penetrating the high-end market, requiring significant investment in understanding consumer preferences and developing new technologies [6]. Group 6: Regulatory Pressures - Aima must comply with new national standards for electric bicycles effective December 1, 2025, which impose stricter requirements on speed limits, materials, and safety features, necessitating investment in production line upgrades [7].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 003033 | 征和工业 | 72.67 | -1.82% | 2.45万 | 1.78亿 | | 603776 | 永安行 | 19.17 | -1.13% | 7.69万 | 1.48亿 | | 603766 | 隆鑫通用 | 15.13 | -0.85% | 27.44万 | 4.16亿 | | 603129 | 春风动力 | 267.81 | -0.55% | 1.74万 | 4.63亿 | | 920058 | 华洋赛车 | 33.96 | -0.41% | 5575.71 | 1904.43万 | | 603529 | 爱玛科技 | 30.38 | -0.30% | 6.19万 | 1.88亿 | | 603787 | 新日股份 | 13.34 | -0.22% | 5.17万 | 6856.22万 | | 301322 | 绿通科技 | 28.53 | 0.14% | 1.45万 | 4112.79万 | | 600818 | 中路 ...

Group 1 - The report emphasizes the growth potential driven by AI and the reversal of the anti-involution cycle in the manufacturing sector [1] - Key companies highlighted include Yokogawa Electric, Zhejiang Rongtai, Shanghai Yanpu, Taotao Vehicle, Sany Heavy Industry, Zoomlion, XCMG, and others [2][3] - The core investment strategy focuses on sectors such as machinery, lithium battery equipment, and intelligent robotics, with a positive outlook for 2026 [4][6] Group 2 - The machinery sector is expected to see a strong start in 2026, with continued focus on technological growth in areas like embodied intelligence and commercial aerospace [4] - The report notes that the lithium battery equipment sector has crossed a turning point, with demand driven by energy storage and overseas power batteries, projecting a compound annual growth rate (CAGR) of 19% from 2024 to 2027 [6][10] - The report predicts significant profit growth for key companies, with expected net profits for 2025, 2026, and 2027 being 0.13 billion, 0.84 billion, and 1.90 billion respectively, indicating a CAGR of approximately 290% [11][17]

近期，有消息称爱玛科技出现超过50%幅度的减员，其中高端品牌"零际"、国际事业部两大部门为减员"重 灾区"，售后等其他部门也有不同程度的人员离职，还声称该轮人员调动是爱玛近年来幅度最大的一次， 且大部分员工仅获得1个月工资作为补偿。 对于该消息，有疑似爱玛科技的经销商在社交平台上发布视频表达其担忧称，原本期待企业开年能够有相 应的营销活动带动经销商销售业绩增长，却没想收到的却是关于人员大幅度离职的消息。 针对该消息，南都·湾财社记者于1月8日致电爱玛科技投资者部门，相关人士回应称，该情况并不存在，虽 然公司旗下确实存在高端品牌"零际"、国际事业部两大部门，但目前均正常运行。 相关人士还表示，两个部门的人员调动是属于企业发展过程中的正常人员调整，是正常匹配公司发展所需 要的，并没有网传消息所称的大批量或高比例的减员。"网传的消息是夸大和误导，部门目前虽有人员调 整，但目前都是正常运行的，具体的调动数据目前暂未有详细数据，后续会于4月份披露年度报告，届时 可以关注一下其中的员工数量变动。" 据爱玛科技2025年三季度报告，爱玛科技2025年前三季度实现营收210.92亿元，同比增长20.78%；归母净 利润19. ...

Group 1 - Sichuan has set a maximum price of 6,583 yuan per session for brain-computer interface medical services, effective from April 30 this year, which is expected to promote industry standardization and prevent speculation [2] - WeChat has clarified that normal social behaviors will not be restricted under the new rules, ensuring users' accounts will not be penalized for typical usage patterns [3] - Aima Technology has denied rumors of a workforce reduction exceeding 50%, stating that personnel optimization is a normal adjustment for business development [4] Group 2 - Ant Group and Meituan Longzhu have invested in Shenzhen Guangzhi Shikong Technology Co., a developer of AI interactive devices, increasing its registered capital from approximately 1.6435 million yuan to about 2.1062 million yuan [5] - The film "The Legend of the Condor Heroes" has surpassed 200 million yuan in box office revenue within 9 days of its release [6][7] - IKEA announced the closure of 7 stores, including one in Shanghai, as part of its strategy to optimize business operations and focus on consumer-centric channels [8][13] Group 3 - Bawang Tea has responded to rumors of a potential IPO in Hong Kong, stating that there are currently no plans for such an initiative [9] - Lin Yunfeng, head of NetEase's DreamWorks division, has left the company, with the DreamWorks mobile game team being integrated into the Sea God division [10] - Chinese automotive brands are performing well in Ecuador, with BYD's sales expected to grow by 243.1% in 2025, and overall new car sales projected to increase by 15% [11] Group 4 - JD.com has established a "Chameleon Business Unit" to focus on the development and commercialization of core AI products [12] - JD.com is reportedly considering the issuance of dim sum bonds to raise approximately 10 billion yuan, although the company has stated there are no current plans for such an issuance [14]

Group 1 - The next Federal Reserve chairman is yet to be announced, but President Trump has indicated he has a decision in mind [2] - Minimax's IPO in Hong Kong saw a subscription rate of 1,837.17 times for retail investors, raising a total of 4.8 billion HKD [3] - Apple is reportedly accelerating succession planning for CEO Tim Cook, with potential internal candidates being groomed for the role [4] Group 2 - Nestlé (China) is under scrutiny for recalling specific batches of infant formula following preventive measures taken in Europe [5] - Trump claims the U.S. has begun profiting from Venezuelan oil resources, expecting to control the country long-term [6][7] - OpenAI has acquired the core team of executive coaching AI tool Convogo to enhance its AI cloud business [8] Group 3 - Vanke's executive vice president, Yu Liang, has resigned due to retirement [10] - Huiyuan Group has announced plans to regain control of the Huiyuan brand amid disputes with its restructuring party [11] - Sinopec and China Aviation Oil are undergoing a restructuring process approved by the State Council [12] Group 4 - Wang Teng, former Xiaomi executive, has founded a new company named "Today Yixiu" focused on sleep health products [15] - IKEA China will close seven stores starting February 2, citing a need for resource reallocation and efficiency improvement [21][22] - Aima Technology has faced rumors of significant layoffs, but the company claims the adjustments are normal and not as severe as reported [23] Group 5 - Shanghai Mobile has denied allegations of pressuring employees to disconnect customers' internet services for revenue generation [24] - MiniMax is set to list on the Hong Kong Stock Exchange today, with shares priced at the upper limit of 165 HKD [25] - The Shanghai Futures Exchange is implementing measures to cool down the silver futures market due to overheating [26]

Core Viewpoint - Recent reports indicate that Aima Technology (603529) has undergone significant layoffs, particularly in its high-end brand "Lingji" and international business departments, with claims of over 50% staff reduction, although the company denies these allegations and describes the changes as normal personnel adjustments [1][2] Group 1: Layoff Reports - Aima Technology reportedly experienced layoffs exceeding 50%, with the "Lingji" brand and international business departments being the most affected [1] - Employees in other departments, including after-sales, also faced varying degrees of departures, marking this as the largest personnel adjustment in recent years [1] - Aima Technology's investor relations department refuted the claims, stating that the departments are operating normally and that the reported layoffs are exaggerated and misleading [1] Group 2: Company Performance - According to Aima Technology's Q3 2025 report, the company achieved revenue of 21.092 billion yuan, a year-on-year increase of 20.78%, and a net profit of 1.907 billion yuan, up 22.78% year-on-year [1] - As of the end of 2024, Aima Technology's parent company employed 1,382 people, while its main subsidiaries had 7,546 employees, totaling 8,928 employees, which is a 5.78% decrease compared to 2023 [1] Group 3: Strategic Developments - Aima Technology announced the launch of its high-end sub-brand "Lingji" as a strategic supplement to its market positioning, aiming for differentiated development in brand positioning, product design, and channel systems [2] - The company plans to enhance its product investment and upgrades in the mass premium market following the implementation of new national standards [2] - Aima Technology's international business department, led by the current vice president, aims to expand its international market presence while optimizing supply chains and production layouts, focusing on local operations in markets like Indonesia and Vietnam [2]

Core Viewpoint - Aima Technology denies rumors of significant layoffs exceeding 50%, stating that the personnel adjustments are minimal and part of normal business operations [1] Group 1: Company Response - Aima Technology's spokesperson clarified that the recent personnel adjustments are normal year-end human resource changes, with only a few individuals affected, contrary to exaggerated online reports [1] - The company confirmed that its high-end brand "Lingji" and international division are operating normally and that there is no impact on overall company performance [1] Group 2: Market Context - Reports indicated that the layoffs were the largest in recent years, particularly affecting the "Lingji" brand and international department, with some employees receiving only one month’s salary as severance [1] - Aima Technology representatives emphasized that personnel optimization is a standard adjustment in the course of business development, aligning with the company's operational needs [1]

新京报贝壳财经讯 （记者陈维城）1月8日，有市场消息称爱玛科技"寒冬已至"，减员超50%。对此，爱 玛科技回复新京报贝壳财经记者表示，"公司根据生产经营规划，进行人员结构调整 ，属于经营过程中 的正常管理行为。公司目前生产经营一切正常，高管团队稳定履职。" ...

Core Viewpoint - Recent reports indicate that Aima Technology has undergone significant layoffs, with claims of over 50% reduction in staff, particularly affecting the high-end brand "Zero Boundary" and the international division, raising concerns among dealers about the company's operational stability [2] Group 1: Layoff Details - Aima Technology reportedly experienced its largest personnel reduction in recent years, with many employees receiving only one month's salary as compensation [2] - Aima's investor relations department denied the claims of mass layoffs, stating that personnel adjustments are part of normal business operations and that both the "Zero Boundary" and international divisions are functioning normally [2] Group 2: Financial Performance - According to Aima Technology's Q3 2025 report, the company achieved revenue of 21.092 billion yuan, a year-on-year increase of 20.78%, and a net profit attributable to shareholders of 1.907 billion yuan, up 22.78% [2] - As of the end of 2024, Aima Technology's parent company employed 1,382 people, while its main subsidiaries had 7,546 employees, totaling 8,928 employees, which is a decrease of 5.78% compared to 2023 [2] Group 3: Strategic Developments - Aima Technology launched the independent high-end sub-brand "Zero Boundary" in 2025, aiming for differentiated development in brand positioning, product design, and channel systems [3] - The company plans to enhance its product investment and upgrades in the mass premium market, following the implementation of new national standards [3] - Aima's international division, led by the current vice president, aims to expand its market presence in Indonesia and Vietnam while optimizing supply chains and production layouts to enhance brand recognition and market share [3]