Group 1 - The Shanghai Composite Index is at 3463.25 points, above the annual line, with a change of 0.06% [1] - A total trading volume of A-shares today is 6235.95 billion yuan [1] - 20 A-shares have broken through the annual line, with notable stocks including Aima Technology, *ST Sunshine, and Qingdao Port, showing divergence rates of 1.97%, 0.84%, and 0.65% respectively [1] Group 2 - The stocks with the highest divergence rates from the annual line include: - Aima Technology (603529) with a price increase of 3.31% and a divergence rate of 1.97% [1] - *ST Sunshine (000608) with a price increase of 1.03% and a divergence rate of 0.84% [1] - Qingdao Port (601298) with a price increase of 0.80% and a divergence rate of 0.65% [1] - Other stocks that have just crossed the annual line include: - Jinghu High-speed Railway (601816) with a price increase of 0.35% and a divergence rate of 0.01% [2] - Tiankang Biological (002100) with a price increase of 0.32% and a divergence rate of 0.10% [2]

Group 1 - The Shanghai Municipal Commission of Commerce has issued the implementation details for the "2025 Electric Bicycle Trade-in Subsidy," which will provide a one-time subsidy of 500 yuan for consumers trading in old electric bicycles for new compliant models from July 1 to December 31, 2025 [1] - An additional subsidy of 100 yuan will be provided for consumers trading in old electric bicycles for new lead-acid battery electric bicycles [1] - The policy encourages consumers to purchase new electric bicycles from companies that meet the "Electric Bicycle Industry Standard Conditions" [1] Group 2 - The electric bicycle trade-in program has seen over 6 million units traded in this year, with monthly trade-ins exceeding 1 million units [1] - As of May 20, 2023, the nationwide trade-in program has facilitated the sale of 1.782 billion yuan worth of new electric bicycles [1] - Compared to the total of 1.38 million units traded in during the same period last year, the new national subsidy policy has significantly boosted demand [1] Group 3 - The electric bicycle industry is expected to see improved sales in the second and third quarters due to seasonal trends and manufacturers' production schedules [2] - The implementation of new national standards will require manufacturers to redesign and upgrade production lines, intensifying competition in the industry [2] - Companies with scale and channel advantages, such as Aima Technology (603529), and those with R&D and product strength, like Ninebot, are recommended for attention [2]

| 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-050 | | --- | --- | --- | | 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"爱玛转债"转股结果暨股份变动公告 根据有关规定和《爱玛科技集团股份有限公司公开发行可转换公司债券募集 说明书》的约定，公司本次发行的"爱玛转债"自 2023 年 9 月 1 日起可转换为 本公司股份，初始转股价格为 61.29 元/股。因公司实施 2022 年年度权益分派， "爱玛转债"转股价格于 2023 年 5 月 19 日起调整为 39.99 元/股；因公司实施 2023 年半年度权益分派，"爱玛转债"的转股价格于 2023 年 9 月 22 日起调整为 39.64 元/股；因公司实施 2023 年年度权益分派，"爱玛转债"的转股价格于 2024 年 7 月 12 日起调整为 39.11 元/股；因回购注销 2021 年激励计划首次授予部分 离职人员的限制性股票，"爱玛转债"的转股价格于 2024 年 8 月 7 日起调整为 39.12 元/股；因公司实施 2024 年半年度权益分派，" ...

北京海润天睿律师事务所 朝阳区建外大街甲14号广播大厦5层、9层、10层、13层、17层 邮政编码：100022 电话：010-65219696 传真：010-88381869 二〇二五年六月 北京海润天睿律师事务所 关于爱玛科技集团股份有限公司 部分股权激励限制性股票回购注销实施的法律意见书 致：爱玛科技集团股份有限公司 关于爱玛科技集团股份有限公司 部分股权激励限制性股票回购注销实施的法律意见书 中国·北京 北京海润天睿律师事务所（以下简称"本所"）接受爱玛科技集团股份有限 公司（以下简称"爱玛科技"或"公司"）的委托，担任公司"2024 年限制性 股票激励计划"（以下简称"本激励计划"）的法律顾问。根据现行有效适用的 《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》"）、《上市公司股权激励管理办法》（以下简 称"《管理办法》"）等有关法律法规的规定，为公司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，出具本法律意见书。 为出具本法律意见书，本所律师审阅了《爱玛科技集团股份有限公司2024 年限制性股票激励计划（草案）》（以下简称"《激励 ...

证券代码：603529 证券简称：爱玛科技 公告编号：2025-049 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 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： 一、本次限制性股票回购注销的决策与信息披露 于提请股东大会授权董事会办理股权激励相关事宜的议案》。公司股东大会授权董 事会在出现 2024 年限制性股票激励计划所列明的需要回购注销激励对象尚未解除 限售的限制性股票，办理该部分限制性股票回购注销所必需的全部事宜，包括但 不限于修改公司章程、公司注册资本的变更登记。具体内容详见公司于 2024 年 3 月 1 日在上海证券交易所网站（www.sse.com.cn）及指定披露媒体刊登的公告。 十四次会议，审议通过了《关于调整 2024 年限制性股票激励计划回购价格的议案》 《关于 2024 年限制性股票激励计划第一个解除限售期解除限售条件未成就暨回购 注销部分限制性股票的议案》，同意公司因权益分派实施调整 20 ...

Group 1: Passenger Vehicles - The report anticipates a strong performance in Q3 2025, with a projected wholesale volume of 16.25 million units, reflecting a year-on-year increase of 5% and a month-on-month increase of 21% [1] - The sales of new energy vehicles (NEVs) are expected to reach 9.3 million units, with a year-on-year growth of 23% and a month-on-month growth of 42% [1] - The market share of domestic brands is projected to increase from 62% in 2024 to 69% in 2025, driven by strong performances from BYD, Geely, and Chery [20][24] Group 2: Motorcycles and Electric Two-Wheelers - The motorcycle industry is focusing on overseas expansion, particularly in Europe, where a high growth period is expected from January to October [2] - The electric two-wheeler market is anticipated to see strong sales growth in Q3, supported by policies and a demand upgrade, with a cumulative replacement volume of 6.5 million units by May 2025 [2][12] - The report highlights that the high-end electric two-wheeler market is becoming increasingly competitive, while the mid-to-low-end market is expected to consolidate, benefiting leading companies like Aima and Yadea [2] Group 3: Auto Parts - The report notes that tariffs are accelerating the globalization of domestic auto parts companies, with a focus on capacity relocation to regions like Mexico and Southeast Asia [3] - The optimization of supplier payment terms to within 60 days is expected to improve the health of the industry chain, particularly benefiting leading auto parts suppliers [3] Group 4: Intelligent Driving and Robotics - The Robo X initiative is gaining momentum, with significant advancements in logistics cost reduction and the commercialization of Robotaxi services [4] - The report emphasizes the importance of technological iterations in the intelligent driving sector, with a notable increase in the penetration rate of high-end driving assistance features in vehicles priced below 200,000 yuan [4][19] - In the robotics sector, the investment paradigm is shifting towards companies that can deliver real orders and have a strong technological and production capacity [5]

| 证券代码：603529 | 证券简称：爱玛科技 | 公告编号：2025-049 | | --- | --- | --- | | 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 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： 回购注销原因：爱玛科技集团股份有限公司（以下简称"公司"）2024 年 限制性股票激励计划 10 名激励对象因个人原因离职，不再具备激励对象资格，公 司对其持有的已获授但尚未解除限售的限制性股票合计 270,000 股予以回购注销； 2024 年限制性股票激励计划第一个解除限售期解除限售条件未成就，激励对象对 应考核当年计划解除限售的限制性股票合计 3,591,000 股需由公司回购注销。综 上，本次限制性股票回购注销事项涉及激励对象 183 名，回购注销限制性股票共 计 3,861,000 股。 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 | | | | ...

北京海润天睿律师事务所 关于爱玛科技集团股份有限公司 部分股权激励限制性股票回购注销实施的法律意见书 中国·北京 朝阳区建外大街甲14号广播大厦5层、9层、10层、13层、17层 邮政编码：100022 电话：010-65219696 传真：010-88381869 二〇二五年六月 所提供的副本或复印件与正本或原件内容一致，所有文件上的印章与签名都是真 实的。对于至关重要而又无法得到独立证据支持的事实，本所依赖有关政府部门、 爱玛科技或其他有关单位出具的证明文件作出合理判断。 北京海润天睿律师事务所 关于爱玛科技集团股份有限公司 部分股权激励限制性股票回购注销实施的法律意见书 致：爱玛科技集团股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受爱玛科技集团股份有限 公司（以下简称"爱玛科技"或"公司"）的委托，担任公司"2024 年限制性 股票激励计划"（以下简称"本激励计划"）的法律顾问。根据现行有效适用的 《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》"）、《上市公司股权激励管理办法》（以下简 称"《管理办法》"）等有关法律法规的规定，为公司回 ...

证券代码:603529 债券代码:113666 爱玛科技集团股份有限公司 2022 年公开发行可转换公司债券 证券简称:爱玛科技 债券简称:爱玛转债 受托管理事务报告 (2024 年度) 债券受托管理人 华泰联合证券有限责任公司 HUATAI UNITED SECURITIES CO.,LTD. 二〇二五年六月 1 重要声明 本报告依据《公司债券发行与交易管理办法》(以下简称"《管理办法》")、 《爱玛科技集团股份有限公司(作为发行人)与华泰联合证券有限责任公司(作 为受托管理人)关于爱玛科技集团股份有限公司公开发行可转换公司债券之债券 受托管理协议》(以下简称"《受托管理协议》")、《爱玛科技集团股份有限公司公 开发行可转换公司债券募集说明书》(以下简称"《募集说明书》")《爱玛科技集 团股份有限公司 2024年年度报告》等相关公开信息披露文件、第三方中介机构 · 出具的专业意见等,由本期债券受托管理人华泰联合证券有限责任公司(以下简 称"华泰联合证券")编制。华泰联合证券对本报告中所包含的从上述文件中引 述内容和信息未进行独立验证,也不就该等引述内容和信息的真实性、准确性和 完整性做出任何保证或承担任何责 ...

Core Points - The company, Aima Technology Group Co., Ltd., has maintained its credit rating of "AA" with a stable outlook for both its corporate credit and the "Aima Convertible Bonds" [1][2] - The tracking credit rating report was issued by China Chengxin International Credit Rating Co., Ltd. on June 24, 2025, confirming no changes from the previous rating [2] Group 1 - Previous rating results indicated a corporate credit rating of "AA" and a stable outlook, with the same ratings confirmed in the latest report [1][2] - The tracking credit rating report for Aima Technology was disclosed on the Shanghai Stock Exchange website on the same day as the announcement [2]