Group 1 - The new national standard for electric bicycles has been implemented since December, enforcing a speed limit of 25 km/h that cannot be unlocked [1] - Manufacturers face strict penalties for violating the new regulations, leading to the complete closure of speed unlocking channels [1] - Multiple electric bicycle brands confirm that the speed limit is secured by a triple anti-tampering mechanism, making it impossible to unlock [1] Group 2 - The new standard includes built-in Beidou positioning systems in electric bicycles to monitor speed, replacing previous brand-specific navigation systems [1] - Industry insiders indicate that consumers needing higher speeds must switch to electric motorcycles, which require a license and registration [1] - Due to price increases in electric bicycles, some users may consider directly purchasing electric motorcycles instead [1]

Core Viewpoint - The implementation of the new national standard for electric bicycles has led to a rise in prices and a shift in market dynamics, with stricter regulations affecting manufacturers and consumer choices [4][10][16]. Market Situation - The current market for new standard electric bicycles shows limited variety, with few models available and no promotional activities [11][12]. - Prices for electric bicycles have increased by approximately 200-300 yuan, with examples like the Aima "Little Golden Bean" model rising from around 2000 yuan to 2300 yuan [10][12]. - Sales performance varies by store, with some reporting normal sales while others have not sold any new standard models [12]. Speed Limit and Compliance - New standard electric bicycles cannot unlock speed limits, with a maximum speed of 25 km/h enforced through multiple anti-tampering measures [8][9]. - Manufacturers have closed loopholes for speed modification due to strict penalties, and any attempts to enhance speed would compromise compliance and registration [8][9]. Material and Design Changes - The new standard mandates reduced plastic usage, requiring manufacturers to use more aluminum and magnesium alloys, which increases production costs [10][16]. - The design changes have led to improved material quality, with many components now made from fire-retardant materials [10]. Industry Dynamics - The new standard is expected to reshape the industry, favoring larger manufacturers with better cost structures and market shares, while smaller companies may struggle to comply [16][17]. - The market may experience a cooling period followed by a resurgence as consumers adapt to the new regulations and seek compliant products [16]. Consumer Behavior - Some consumers still prefer older models due to their longer range and larger size, but these models are becoming scarce and more expensive [14][15]. - The demand for electric motorcycles may increase as consumers seeking higher speeds transition away from electric bicycles [16].

文 | 《次世代车研所》栏目 刘丽丽 徐苑蕾 张俊 周文猛 电动自行车新国标进入全面严格执行阶段，各大厂家也陆续推出新品。执行新标准后的电动自行车市场 现状如何？新国标电动自行车无法解锁限速是不是真的？ 《次世代车研所》栏目在北京、杭州和广州的多家电动自行车专卖店看到，目前市面上新国标的电动自 行车款式还比较少，而且没有促销活动。有专卖店工作人员坦言，新国标电动自行车价格确实上涨了， 因为成本提高了。从探店情况看，新国标车的销售状况不一，有的门店表示销售正常，还有的则表示， 暂时还没有卖出产品。 关于限速问题，多个品牌专卖店都表示，新国标电动车是无法解锁限速的，从原材料到系统都更加安 全，如果还有消费者想买旧版电动自行车，确实没有必要。 新国标也会改变电动自行车市场格局。分析人士表示，新国标限制了塑料使用，对厂家要求更高，头部 大厂市占率会进一步提高，严格限速也可能会让一部分对速度有需求的消费者，转而购买电摩。 （某雅迪专卖店的新款 电动自行车） 新国标电动自行车无法解锁限速？ 电动自行车新国标颁布后，部分网友对限速、超速断电、后座带人、安装后视镜等提出了疑问和建议。 关于这些问题，各家厂商都有详细地解释。 ...

（编辑 楚丽君） 证券日报网讯 12月9日，爱玛科技在互动平台回答投资者提问时表示，公司电动三轮车产品涵盖休闲电 动三轮车、篷车电动三轮车、货运电动三轮车。公司一直以来致力于为广大消费者提供高品质的产品和 服务，根据市场需求、行业趋势、自身发展规划等研发、生产、销售产品，以更好地满足消费者。 ...

证券日报网讯12月9日，爱玛科技（603529）在互动平台回答投资者提问时表示，公司具备电机、电控 等核心部件的自主研发和制造能力，在电池系统集成与能效控制等应用技术领域处于行业领先水平。 ...

证券日报网讯12月9日，爱玛科技（603529）在互动平台回答投资者提问时表示，公司在欧美等区域推 进分销代理体系建设，推动产品适配与销售网络协同发展，稳步推进国际化布局。 ...

Group 1 - The report aims to summarize important internal deep reports, significant commentary, and marginal changes in the macro strategy group of large manufacturing [1] - Key companies highlighted include Yokogawa Precision, Zhejiang Rongtai, Shanghai Yanpu, Taotao Vehicle, Sany Heavy Industry, and XCMG Machinery among others [2][3] - The report maintains a positive outlook on the machinery sector, noting a 14% increase in excavator sales in November, which slightly exceeded expectations [4] Group 2 - The best-performing indices in the last week (December 1-5, 2025) included Nonferrous Metals (+5.35%), Communications (+3.69%), and Defense Industry (+2.82%) [5][20] - The top three indices in the large manufacturing sector were the Yangtze River Engineering Machinery Index (+5.47%), the ChiNext Index (+1.86%), and the Automotive Parts Index (+1.83%) [5][21] Group 3 - The report draws parallels between the current potential of humanoid robots and the past boom of electric vehicles, suggesting a similar macroeconomic backdrop and industry stage could lead to significant investment opportunities [8][9] - The expected market size for humanoid robots is projected to reach $700 billion by 2030, compared to an estimated $570 billion for electric vehicles in 2024 [8] - Investment opportunities are identified in core components and domestic manufacturers, with a focus on companies that meet three necessary conditions: management determination, past performance validation, and future application scenarios [9] Group 4 - The report discusses the rise of Hengli Heavy Industry as a new player in the shipbuilding sector, benefiting from an upturn in shipbuilding demand and improved profitability [10] - The global shipbuilding industry is expected to see a 34.9% increase in new orders in 2024, with specific segments like container ships and oil tankers showing significant growth [10] - Hengli Heavy Industry's competitive advantages include ample production capacity and an integrated supply chain, which are expected to support future performance [10][11] Group 5 - The report highlights the strategic moves of Meilixin, including a planned share buyback and a fundraising initiative aimed at expanding its liquid cooling and semiconductor projects [11][13] - The company is positioned to benefit from its partnerships in the server liquid cooling market, leveraging its manufacturing capabilities and established client relationships [11][13] - Future performance is anticipated to exceed market expectations due to the company's strategic focus on high-demand sectors such as telecommunications and electric vehicles [11][13]

证券日报网讯 12月9日，爱玛科技在互动平台回答投资者提问时表示，公司高度重视投资者回报，建立 了科学、持续、稳定的分红机制，保证股东的合理投资回报，增加股利分配决策的透明度和可操作性， 自上市以来公司每年均进行分红。同时，公司积极探索"上市公司一年多次分红"的具体行动方案，实施 的5.46亿元2025年中期分红，占2025年上半年归属于上市公司股东净利润的比例为45%，较上年同期有 显著提高。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 12月9日，爱玛科技在互动平台回答投资者提问时表示，截至2025年9月30日公司股东总 数（户）为31722户。 ...

（编辑 袁冠琳） 证券日报网讯 12月9日，爱玛科技在互动平台回答投资者提问时表示，公司持续以技术创新为核心驱动 力，围绕动力系统核心部件自主研发与智能化生态体系建设，推进整车性能与用户体验的全面升级。智 能化布局方面，公司聚焦智能控制、交互体验与骑行安全三大方向，持续推进"人-车-机-盔-云"多端协 同的智能生态体系建设，升级优化核心技术模块，提升用户使用的便捷性、互动性与安全性。 ...