烟台艾迪精密机械股份有限公司 关于参加山东辖区上市公司 2025 年度投资者 网上集体接待日活动的公告 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 担个别及连带责任。 为进一步加强与投资者的互动交流，烟台艾迪精密机械股份有限 公司（以下简称"公司"）将参加由山东证监局、山东上市公司协会 与深圳市全景网络有限公司联合举办的"2025年山东辖区上市公司投 资者网上集体接待日活动"，现将相关事项公告如下： 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（名称：全景财经）； 或下载全景路演APP,参与本次互动交流。 活动时间为2025年5月15日（周四）15:00-16:30。 | 证券代码：603638 | 证券简称：艾迪精密 | | --- | --- | | 证券代码：603638 | 证券简称：艾迪精密 公告编号：2025-018 | | 转债代码：113644 | 转债简称：艾迪转债 | 届时公司副总经理、董事会秘书李娇云先生、财务总监钟志平先 生将通过网络在 ...

Core Viewpoint - The global engineering machinery industry is undergoing a significant transformation towards low-carbon and intelligent upgrades, driven by the continuous promotion of "dual carbon" goals and the widespread application of new technologies such as artificial intelligence and large models [1]. Group 1: Conference Overview - The 2025 New Energy Construction Machinery Conference will be held from June 17 to 19, 2025, in Yantai, focusing on "Green Transformation and Intelligent Upgrade" [3]. - The conference aims to gather global leaders in the engineering machinery industry to discuss policies and innovative technologies related to new energy and digital intelligence, analyze market demands and development trends, and promote high-quality development of the new energy engineering machinery industry [1][3]. Group 2: Conference Content - Key topics to be discussed include: 1. Current status and trends of green intelligent products in engineering machinery [4]. 2. Energy transformation directions for engineering machinery [4]. 3. Typical application scenarios of green intelligent engineering machinery [4]. 4. Adaptation of core components like "three electrics" to the electrification of engineering machinery [4]. 5. Transformation and upgrading paths for traditional component suppliers [4]. 6. Solutions for electrifying existing equipment [4]. 7. Global standards and requirements for green intelligent earth-moving machinery [4]. Group 3: Conference Organization - The conference is organized by Tianjin Engineering Machinery Research Institute Co., Ltd., and hosted by Yantai Aidi Precision Machinery Co., Ltd., with support from the "Engineering Machinery" magazine [4]. Group 4: Registration and Fees - Registration for the conference must be completed by May 30, 2025, with a fee of 1900 RMB per person if paid before the deadline, and 2200 RMB if paid on-site [5][6]. - Discounts are available for multiple attendees from the same organization [5]. Group 5: Accommodation - Attendees are responsible for their own accommodation, with a recommended rate of 400 RMB per day for standard rooms and 700 RMB for suites at the conference hotel [6]. Group 6: Additional Information - For updates on the conference and related content, attendees are encouraged to follow the "Engineering Machinery Magazine" WeChat account [7].

Investment Rating - The report indicates a positive outlook for the engineering machinery industry, with expectations of domestic and international demand recovery [6][31]. Core Insights - The engineering machinery industry is expected to benefit from a domestic demand recovery that exceeds expectations, leading to a resonance between domestic and international markets [6][31]. - The excavator segment is showing signs of recovery, while other machinery types are stabilizing, indicating a potential for overall industry growth [6][31]. - The report highlights significant improvements in profitability, with a projected year-on-year increase in net profit of 26% for 2024 and 41% for Q1 2025 [13][16]. Summary by Sections Industry Overview - The engineering machinery sector is experiencing a recovery phase, with excavators leading the way in sales growth [6][31]. - The report notes that the domestic excavator sales for 2024 are expected to reach 101,000 units, reflecting a year-on-year increase of 11.7% [12]. Financial Performance - The total revenue for the engineering machinery sector is projected to increase by 3% in 2024 and 11% in Q1 2025, driven by domestic demand and export recovery [12][9]. - The net profit for the sector is expected to rise significantly, with major companies like SANY Heavy Industry and Zoomlion showing strong profit growth [16][14]. Company Analysis - SANY Heavy Industry, XCMG, and LiuGong are identified as leading companies in the excavator market, with SANY's revenue growth outpacing the industry average [12][40]. - The report provides detailed financial metrics for 13 listed companies in the engineering machinery sector, highlighting their market capitalization, revenue, and profit margins [4][12]. Market Dynamics - The report discusses the cyclical nature of the industry, indicating that the bottom of the cycle has been reached and a replacement cycle is underway [32][35]. - It emphasizes the importance of cost control and efficiency improvements among leading companies, which have contributed to enhanced profitability [22][27]. Export Market - The global excavator market is projected to recover as interest rates decline, with emerging markets showing strong demand for mid to large-sized excavators [43][44]. - The report notes that exports to new markets are performing well, particularly in Southeast Asia and Latin America, which are expected to drive future growth [44].

Core Viewpoint - The company's performance in 2024 and Q1 2025 met expectations, with significant revenue and profit growth, although gross margins were impacted by the introduction of low-margin new products [1][2]. Financial Performance - In 2024, the company reported revenue of 2.725 billion yuan, a year-on-year increase of 21.9%, and a net profit attributable to shareholders of 344 million yuan, up 23.5% year-on-year [1]. - For Q1 2025, revenue reached 770 million yuan, also reflecting a 21.9% year-on-year increase, while net profit was 102 million yuan, marking a 15.6% increase year-on-year [1]. - The company's net profit margin improved to 12.6% in 2024, although it decreased to 13.2% in Q1 2025 due to the rising proportion of new business [2]. Gross Margin and Expenses - The overall gross margin for 2024 and Q1 2025 decreased by 1.2 percentage points and 2.9 percentage points, respectively, to 29.5% and 26.3%, primarily due to the higher revenue share from low-margin new products [1]. - The gross margins for hydraulic breakers and hydraulic components were 34.96% and 30.36%, respectively, showing year-on-year increases of 1.2 percentage points and 0.71 percentage points [1]. - The company’s sales, management, and financial expense ratios changed by +0.3, -0.6, and -0.5 percentage points year-on-year, respectively, while R&D expense ratio remained stable [1]. Business Development - The domestic demand for construction machinery is expected to recover in 2025, with the company poised to benefit from this trend [3]. - In Q1 2025, excavator sales reached 61,000 units, a year-on-year increase of 22.8%, with domestic sales of 37,000 units, up 38.3% [3]. - The company is expanding its new business lines, including tools, industrial robot components, lithium battery PACK business, and transmission components, with other product revenue reaching 400 million yuan in 2024, a 103.04% increase year-on-year [3]. Production Capacity Expansion - The company is constructing a new factory in Thailand, expected to produce 16,000 hydraulic breakers, 36,000 diversified attachments, and 8,000 high-end hydraulic components annually [3]. - The company is also developing a high-end hydraulic component project under the brand Aisaki [3]. Profit Forecast and Valuation - The company maintains EPS forecasts of 0.49 yuan for 2025 and 0.57 yuan for 2026, with current stock prices corresponding to P/E ratios of 38.1 and 32.9 for 2025 and 2026, respectively [4]. - The target price has been raised by 17% to 24.40 yuan, reflecting a potential upside of 30% from the current stock price [4].

| 证券代码：603638 | 证券简称：艾迪精密 | 公告编号：2025-014 | | --- | --- | --- | | 转债代码：113644 | 转债简称：艾迪转债 | | 烟台艾迪精密机械股份有限公司 关于召开 2024 年度业绩说明会的公告 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 担个别及连带责任。 重要内容提示： ●会议召开时间：2025年05月13日(星期二) 下午 13:00-14:00 ●会议召开地点：上海证券交易所上证路演中心（网址：https:// roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ● 会议问题征集：2025年05月06日(星期二) 至05月12日(星期一) 16:00前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司邮箱（lijiaoyun@cceddie.com）进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 烟台艾迪精密机械股份有限公司（以下简称"公司"）已于2025 年4月30日在上海证券交易所网站（www.sse.co ...

根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司代码：603638 公司简称：艾迪精密 烟台艾迪精密机械股份有限公司 2024年度内部控制评价报告 烟台艾迪精密机械股份有限公司全体股东： 二. 内部控制评价结论 1. 公司于内部控制评价报告基准日，是否存在财务报告内部控制重大缺陷 □是 √否 2. 财务报告内部控制评价结论 √有效 □无效 根据公司财务报告内部控制重大缺陷的认定情况，于内部控制 ...

烟台艾迪精密机械股份有限公司 董事会关于会计政策变更的说明 2.本公司采用《企业会计准则解释第 18 号》（财会〔2024〕24 号）相 关规定，该会计政策变更本公司主要涉及关于不属于单项履约义务的保证 类质量保证的会计处理。 （二）会计政策变更对公司的影响 本次会计政策变更对财务报表上期发生额影响如下： 公司根据财政部新颁布的企业会计准则对会计政策变更做出以下说明： 一、本次会计政策变更概述 2023 年 10 月，财政部发布《企业会计准则解释第 17 号》，规定了"关 于流动负债与非流动负债的划分"、"关于供应商融资安排的披露"和"关 于售后租回交易的会计处理"的相关内容，自 2024 年 1 月 1 日起施行。 2024 年 12 月，财政部发布《企业会计准则解释第 18 号》，规定了"关 于浮动收费法下作为基础项目持有的投资性房地产的后续计量"、"关于不 属于单项履约义务的保证类质量保证的会计处理"的相关内容，自印发之 日起施行，允许企业自发布年度提前执行。 由于上述会计准则解释的发布，公司需对会计政策进行相应变更，并 自 2024 年 1 月 1 日开始执行上述会计政策。 二、本次会计政策变更的具体 ...

| 证券代码：603638 | 证券简称：艾迪精密 | 公告编号：2025-011 | | --- | --- | --- | | 转债代码：113644 | 转债简称：艾迪转债 | | 烟台艾迪精密机械股份有限公司 关于会计政策变更的公告 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个别及 连带责任。 一、本次会计政策变更的概述 2023 年 10 月，财政部发布《企业会计准则解释第 17 号》，规定了 "关于流动负债与非流动负债的划分"、"关于供应商融资安排的披露" 和"关于售后租回交易的会计处理"的相关内容，自 2024 年 1 月 1 日起施 行。 2024 年 12 月，财政部发布《企业会计准则解释第 18 号》，规定了 "关于浮动收费法下作为基础项目持有的投资性房地产的后续计量"、 "关于不属于单项履约义务的保证类质量保证的会计处理"的相关内容， 自印发之日起施行，允许企业自发布年度提前执行。 由于上述会计准则解释的发布，公司需对会计政策进行相应变更，并 自 2024 年 1 月 1 日开始执行上述会计政策。 二、会计政策 ...

| 证券代码：603638 | 证券简称：艾迪精密 | 公告编号：2025-010 | | --- | --- | --- | | 转债代码：113644 | 转债简称：艾迪转债 | | 烟台艾迪精密机械股份有限公司 关于聘请公司 2025 年度审计机构的公告 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 整性承担个别及连带责任。 重要内容提示： ●拟聘任的会计师事务所名称：天职国际会计师事务所（特殊普通合 伙） 烟台艾迪精密机械股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日召开第五届董事会第七次会议审议通过《关于聘请公司 2025 年度审计机构的议案》，该议案需提交公司 2024 年度股东大会审议通 过。现将相关事宜公告如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 天职国际会计师事务所（特殊普通合伙）（以下简称"天职国际"） 创立于 1988 年 12 月，总部北京，是一家专注于审计鉴证、资本市场服 务、管理咨询、政务咨询、税务服务、法务与清算、信息技术咨询、工 程咨询、企业估值的特大型综合性咨 ...

董事会审计委员会 2024 年度履职情况报告 烟台艾迪精密机械股份有限公司（以下简称"公司"）董事会审计委员 会按照《上海证券交易所股票上市规则》《上海证券交易所上市公司董事会 审计委员会运作指引》《公司章程》《公司董事会审计委员会议事规则》等 有关规定，本着勤勉尽责的原则，认真履行职责，现将一年来的履职情况报 告如下： 一、审计委员会基本情况 公司第四届董事会审计委员会由 3 名董事组成，包括独立董事冷敏娟、 独立董事李宏宝、董事付晓东，独立董事占 2/3，并由独立董事冷敏娟先生 担任主任，独立董事唐云、陈正利任期届满于 2024 年 6 月 29 日离任。 二、审计委员会 2024 年度会议情况 报告期内，董事会审计委员会共召开 4 次会议，具体情况如下： | 会议时间 | | 会议名称 | 会议议题 | | --- | --- | --- | --- | | 4 | 月 30 日 | 第四届董事会审计委 员会第十三次会议 | 1.《关于公司 年度财务决算报告的议案》 2023 年度利润分配的议案》 2.《关于公司 2023 3.《关于公司 2023 年度报告及报告摘要的议案》 4.《关于公司 2023 ...