Core Viewpoint - The company announced a cash dividend distribution plan for the first three quarters of 2025, which was approved at the second extraordinary general meeting of shareholders on November 20, 2025 [2][11]. Dividend Distribution Plan - The total share capital before the distribution is 831,088,544 shares, with a cash dividend of 0.10 CNY per share (including tax), totaling 83,108,854.40 CNY [4][11]. - The distribution will be executed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, with shareholders able to receive dividends at their designated securities firms on the payment date [5][6]. Taxation Details - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax. For those holding shares for one year or less, the tax treatment varies based on the holding period [8]. - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net cash dividend of 0.09 CNY per share [9]. Convertible Bond Adjustment - Due to the cash dividend distribution, the conversion price of the company's convertible bonds will be adjusted from 18.75 CNY per share to 18.65 CNY per share, effective from December 8, 2025 [11][14]. - The adjustment is based on the formula P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [12].

关于因 2025 年前三季度利润分配 | 证券代码：603638 | 证券简称：艾迪精密 | 公告编号：2025-058 | | --- | --- | --- | | 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 调整可转债转股价格的公告 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法律责任。 （以下简称"可转债募集说明书"）相关条款的规定，在"艾迪转债"发行之后， 若公司发生派送股票股利、转增股本、增发新股（不包括因本次发行的可转债转 股而增加的股本）、配股以及派发现金股利等情况，公司将按上述条件出现的先后 顺序，依次对转股价格进行调整（保留小数点后两位，最后一位四舍五入）。 公司于 2025 年 11 月 20 日召开了 2025 年第二次临时股东会，审议通过《关 于公司 2025 年前三季度利润分配预案的议案》，具体如下：以公司实施权益分派 股权登记日登记的总股本为基数，向全体股东每 10 股派发现金红利 1.00 元（含 税）。在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每 ...

证券代码：603638 证券简称：艾迪精密 公告编号：2025-057 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 2025年前三季度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.10元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/12/5 | － | 2025/12/8 | 2025/12/8 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 3. 分配方案： 本次利润分配以方案实施前的公司总股本831,088,544股为基数，每股派发现金红利0.10 元（含税），共计派发现金红利83,108,854.40元。 1. 发放年度：2025年前三季度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | ...

Core Insights - The Chinese hydraulic industry is experiencing a growth trend in revenue, with an average revenue of 2.677 billion in 2024, and a notable growth rate of 22.3% in 2021, stabilizing around 5% in recent years [1][3] Revenue Changes - From 2019 to 2024, the average revenue of listed companies in the Chinese hydraulic industry is projected to grow, reaching 2.677 billion in 2024 [1] - The industry saw a significant growth rate of 22.3% in 2021, with more recent growth rates stabilizing around 5% [1] Profitability - The average sales gross margin for the hydraulic industry is on a downward trend, decreasing from 32.3% in 2020 to 25.4% in 2024, with a slight recovery to 25.7% in the first half of 2025 [3] - Challenges such as intensified market competition and fluctuations in raw material prices are contributing to the pressure on cost control, impacting gross margins [3] - The advancement of domestic high-end hydraulic product replacements is helping some companies enhance their technical advantages and product value, providing support for margin stabilization [3] Inventory Turnover - The average inventory turnover rate for the hydraulic industry showed a gradual decline from 3.39 times in 2020 to 3.00 times in 2022, stabilizing at 3.00 times in 2023, with a slight recovery to 3.13 times in 2024 [4] - A significant drop to 1.47 times is expected in the first half of 2025, indicating potential challenges in inventory management [4] Accounts Receivable Turnover - The average accounts receivable turnover rate increased slightly from 4.97 times in 2020 to 5.07 times in 2021, but then declined to 4.14 times in 2022 and further to 3.69 times in 2023, with a projected decrease to 3.41 times in 2024 [8] - This trend reflects initial success in market expansion and accounts receivable management, but increased competition may lead to relaxed credit policies and slower collection speeds [8] Debt Management - The average asset-liability ratio for the hydraulic industry has been on a downward trend, decreasing from 39.9% in 2020 to 37.5% in 2023, with a slight increase to 37.8% in 2024, and a return to 37.3% in the first half of 2025 [10] - This trend indicates ongoing efforts to optimize capital structure and reduce debt levels, despite temporary increases due to business expansion and financing needs [10]

12月1日，艾迪精密盘中下跌2.04%，截至09:46，报19.73元/股，成交3664.33万元，换手率0.22%，总市 值163.97亿元。 资金流向方面，主力资金净流出214.31万元，特大单买入102.29万元，占比2.79%，卖出0.00元，占比 0.00%；大单买入241.90万元，占比6.60%，卖出558.49万元，占比15.24%。 艾迪精密所属申万行业为：机械设备-工程机械-工程机械器件。所属概念板块包括：智能电网、中盘、 工程机械、融资融券、机械等。 截至9月30日，艾迪精密股东户数2.30万，较上期增加11.11%；人均流通股36157股，较上期减少 10.00%。2025年1月-9月，艾迪精密实现营业收入23.74亿元，同比增长16.49%；归母净利润3.16亿元， 同比增长12.63%。 分红方面，艾迪精密A股上市后累计派现7.20亿元。近三年，累计派现2.92亿元。 责任编辑：小浪快报 艾迪精密今年以来股价涨17.16%，近5个交易日涨2.23%，近20日涨4.67%，近60日涨4.12%。 资料显示，烟台艾迪精密机械股份有限公司位于山东省烟台经济技术开发区长江路356号，成立日 ...

Market Overview - The engineering machinery sector increased by 0.26% on November 25, with Helen Zhe leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Individual Stock Performance - Helen Zhe (300201) closed at 6.36, up 6.00% with a trading volume of 1.5095 million shares and a turnover of 944 million yuan [1] - Jin Dao Technology (301279) closed at 28.89, up 5.13% with a trading volume of 27,900 shares and a turnover of 797.584 million yuan [1] - Xia Gong Co. (600815) closed at 3.74, up 3.31% with a trading volume of 1.382 million shares and a turnover of 511 million yuan [1] - Changling Hydraulic (605389) closed at 67.01, up 3.20% with a trading volume of 20,900 shares and a turnover of 140 million yuan [1] - Aidi Precision (603638) closed at 19.90, up 3.11% with a trading volume of 137,300 shares and a turnover of 274 million yuan [1] Capital Flow Analysis - The engineering machinery sector experienced a net outflow of 23.2778 million yuan from institutional investors and 12.6804 million yuan from speculative funds, while retail investors saw a net inflow of 35.9582 million yuan [2] - The top net inflows from institutional investors included Zhonglian Cheke (000157) with 38.2059 million yuan and Helen Zhe (300201) with 36.83 million yuan [3] - The largest net outflows from retail investors were seen in Zhonglian Cheke (000157) with -50.0579 million yuan and Helen Zhe (300201) with -25.7235 million yuan [3]

Core Viewpoint - The article provides a comprehensive overview of the hydraulic industry in China, detailing its supply chain, key players, and regional distribution of companies [1][3]. Industry Supply Chain - The upstream of the hydraulic industry consists of three main categories: steel, components, and working media, with steel supplied by major domestic steel enterprises such as Baosteel, Ansteel, and Hebei Steel [3]. - The midstream includes manufacturing companies like Hengli Hydraulic, Shaoyang Hydraulic, and Aidi Precision, which produce hydraulic motors, pumps, valves, cylinders, and systems [1][3]. - The downstream applications span various large engineering sectors, including construction machinery, aerospace, machine tools, agricultural machinery, automotive, and heavy machinery [1]. Regional Distribution - The hydraulic industry is primarily concentrated in Zhejiang and Jiangsu provinces, with Zhejiang having 5,747 hydraulic enterprises and Jiangsu having 3,999 as of October 2025 [5]. - Notable hydraulic companies in Zhejiang include Hengli Hydraulic and Youweili Hydraulic, while Jiangsu features companies like Aidi Precision and Shaoyang Hydraulic [7]. Representative Companies and Financial Performance - Key companies in the hydraulic sector include Hengli Hydraulic, Shaoyang Hydraulic, and Aidi Precision, with their hydraulic-related revenue exceeding 80% of total revenue [8]. - Financial data for representative companies shows Hengli Hydraulic with a hydraulic business revenue of 9.325 billion and a hydraulic-related business ratio of 99.31% [10]. - Aidi Precision reported a hydraulic business revenue of 2.266 billion, with a hydraulic-related business ratio of 83.15% [10].

| 证券代码：603638 | 证券简称：艾迪精密 | 公告编号：2025-054 | | --- | --- | --- | | 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 关于以集中竞价交易方式回购股份的回购报告书 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、准确性和完整性依法承担法律责任。 重要内容提示： 烟台艾迪精密机械股份有限公司（以下简称"公司"）拟使用自有资金以集中 竞价交易方式回购部分公司 A 股股份（以下简称"本次回购"），主要内容如下： ● 回购股份金额：本次回购资金总额不低于 10,000 万元（含）,不超过 20,000 万元（含），具体以回购期满时实际回购金额为准； ● 回购股份资金来源：公司自有资金； ● 回购股份用途：用于转换公司可转债； ● 回购股份价格：不超过 27 元/股（含），该价格上限不高于董事会通过本次 回购股份决议前 30 个交易日公司股票交易均价的 150%； ● 回购股份方式：集中竞价交易方式; ● 回购股份期限：自公司董事会审议通过本次回购方案之日起 12 个月 ...

烟台艾迪精密机械股份有限公司 关于控股股东部分股份质押及部分股份解除质押的公告 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: 烟台艾迪精密机械股份有限公司（以下简称"公司"）控股股东烟 台翔宇投资有限公司（以下简称"翔宇投资"）持有本公司股份为 146,741,743 股，占公司总股本的 17.66%，其中被质押的股份累计 25,500,000股，占其持有公司股份总数的 17.38%，占公司总股本的 3.07%。 | 证券代码：603638 | 证券简称：艾迪精密 | | | --- | --- | --- | | 转债代码：113644 | 转债简称：艾迪转债 | 公告编号：2025-055 | | 股东 | 是否 | | 是否 为限 | 是否 补充 | 质押起始日 | 质押到期日 | 质权人 | 占其所 | 占公司 | 质押融 资资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 为控 | 本次质 ...

根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引 第 7 号——回购股份》等相关规定，现将董事会公告回购股份决议的前一个交 易日（即 2025 年 11 月 20 日）登记在册的前十名股东和前十名无限售条件股东 的名称、持股数量和持股比例情况公告如下： | 序号 | | 股东名称 | 持股数量(股) | 持股比例（%） | | --- | --- | --- | --- | --- | | 1 | FENG XIAO | HONG | 195,632,833 | 23.54 | | 2 | SONG YU | XUAN | 146,741,743 | 17.66 | | 3 | 烟台翔宇投资有限公司 | | 146,741,743 | 17.66 | | 4 | 温雷 | | 37,659,417 | 4.53 | | 5 | 烟台浩银投资中心（有限合伙） | | 36,243,528 | 4.36 | | 6 | 中融（香港）投資有限公司 | | 17,119,071 | 2.06 | | 7 | 烟台君平投资有限公司 | | 15,950,070 | 1.92 | | 8 | 宋飞 | | ...