Core Viewpoint - AiHua Group (603989) reported a steady revenue growth in 2025, with total revenue reaching 1.961 billion yuan, a year-on-year increase of 1.89%, and a significant rise in net profit attributable to shareholders by 41.56% to 148 million yuan [1] Financial Performance - The second quarter revenue was 1.02 billion yuan, showing a decline of 8.25% year-on-year, while net profit for the same period increased by 10.11% to 76.185 million yuan [1] - The gross profit margin was 20.16%, down 4.67% year-on-year, while the net profit margin improved by 45.59% to 7.49% [1] - Total expenses (selling, administrative, and financial) amounted to 135 million yuan, accounting for 6.91% of revenue, a decrease of 25.23% year-on-year [1] - Earnings per share increased by 42.39% to 0.37 yuan, while operating cash flow per share was -0.48 yuan, a significant decline of 149.16% year-on-year [1] Business Evaluation - The company's Return on Invested Capital (ROIC) was 5.3% last year, indicating average capital returns, with a historical median ROIC of 14.49% since its listing [2] - The net profit margin was reported at 4.84%, suggesting low added value for products or services [2] - The company relies heavily on research and marketing for its performance, necessitating a deeper analysis of these driving factors [2] Cash Flow and Receivables - The cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 66.59%, and the average operating cash flow over the past three years to current liabilities at 8.33% [2] - Accounts receivable reached 598.21% of net profit, indicating a significant amount of outstanding payments [2] Future Outlook - Analysts project a net profit of 349 million yuan for 2025, with an average earnings per share estimate of 0.87 yuan [2] - The management acknowledged recent profit declines due to market fluctuations and increased costs, but expects revenue growth to continue, with a projected revenue of 3.912 billion yuan for 2024 and 9.41 billion yuan for the first quarter of 2025, both showing year-on-year growth [5] - The company plans to optimize the operational strategy of AiHua Fuxian based on its actual performance [5]

Core Viewpoint - Aihua Group (603989.SH) reported its mid-year results for 2025, showing a modest increase in revenue and a significant rise in net profit [1] Financial Performance - The company achieved a total operating revenue of 1.961 billion yuan, representing a year-on-year growth of 1.89% [1] - The net profit attributable to shareholders reached 148 million yuan, marking a year-on-year increase of 41.56% [1] - Basic earnings per share were reported at 0.3705 yuan [1]

Group 1 - The core viewpoint of the article highlights the strong performance of Hunan Aihua Group in the first half of 2025, with revenue reaching approximately 1.961 billion yuan, a year-on-year increase of 1.89%, and a net profit attributable to shareholders of approximately 135 million yuan, up 59.06% [1][2] - The aluminum electrolytic capacitor industry is experiencing a significant recovery, driven by surging demand in emerging sectors such as new energy vehicles, photovoltaics, wind power, industrial automation, and data centers [1][2] - The global capacitor market is projected to exceed 21.1 billion USD by 2025, with a compound annual growth rate of 3%, where high-voltage, high-frequency, and low ESR products are expected to be the main growth drivers [1] Group 2 - Aihua Group's strategic focus on high-growth sectors has led to an increase in the revenue share of industrial and new energy products to 52.75%, becoming the core engine of its performance [2] - The company has achieved breakthroughs in AI server power modules, photovoltaic inverters, and energy storage converters, while maintaining steady growth in the consumer and home appliance markets through high-end product positioning [2] - Aihua Group has consistently adhered to an "investor-centric" philosophy, distributing cash dividends of 59.817 million yuan in June 2025, which accounts for 30.18% of the annual net profit, and has cumulatively distributed 1.7 billion yuan since its listing, demonstrating long-term investment value [2] Group 3 - Looking ahead to the second half of 2025, the market for high-performance capacitors is expected to continue expanding due to increased penetration of new energy vehicles, accelerated installation of wind and solar energy storage, and surging demand for AI computing power [2] - Aihua Group plans to deepen its technological breakthroughs in high-voltage, high-frequency, and solid-state capacitors while optimizing production capacity and global layout to solidify its position as a "world-class capacitor company from China" [2]

每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 （记者 张喜威） 每经AI快讯，艾华集团（SH 603989，收盘价：18.24元）8月30日发布公告称，公司第六届第六次董事 会会议于2025年8月28日在公司办公楼三楼会议室召开。会议审议了《关于增补公司第六届董事会独立 董事的议案》等文件。 2024年1至12月份，艾华集团的营业收入构成为：电子元器件制造行业占比96.01%，其他业务占比 1.32%。 ...

证券日报网讯8月29日晚间，艾华集团（603989）发布公告称，公司将于2025年9月16日召开2025年第四 次临时股东大会。本次股东大会将审议《关于变更回购股份用途并注销暨减少注册资本的议案》《关于 变更公司经营范围的议案》等多项议案。 ...

证券代码：603989 证券简称：艾华集团 公告编号：2025-036 湖南艾华集团股份有限公司 第六届监事会第六次会议决议的公告 本公司监事会及全体监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: ? 公司全体监事出席了本次会议。 ? 本次监事会全部议案均获通过，无反对、弃权票。 一、监事会会议召开情况 湖南艾华集团股份有限公司（以下简称"公司"）第六届监事会第六次会议 于 2025 年 8 月 28 日在公司办公楼三楼会议室以现场方式召开，本次会议由公 司监事会主席赵新国先生召集主持，本次会议通知于 2025 年 8 月 16 日以专人 递送、传真及电子邮件等方式送达给全体监事。应参加会议监事 3 人，实际参加 会议监事 3 人。本次会议采取现场表决的方式召开。本次会议的召集、召开符合 《中华人民共和国公司法》及《公司章程》的规定。 密规定的行为。 《公司 2025 年半年度报告》详见 2025 年 8 月 30 日公司指定信息披露网 《公司 2025 年半年度报告摘 站上海证券交易所网站（http://www.sse.com ...

Meeting Information - The fourth extraordinary general meeting of shareholders will be held on September 16, 2025 [1] - The meeting will utilize a combination of on-site and online voting methods [1][2] - The on-site meeting will take place at the company's office in Yiyang, Hunan Province, starting at 14:30 [1][2] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with specific time slots for voting [1][2] - The voting period for online voting is from 9:15 to 15:00 on the day of the meeting [1][3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3][4] Agenda and Resolutions - The meeting will review several proposals, with specific resolutions requiring special voting procedures [2][3] - There are no proposals involving related party transactions that require abstention from voting [2] - The proposals have been previously approved by the board and supervisory committee [2] Attendance and Registration - Only shareholders registered by the cut-off date of September 9, 2025, are eligible to attend [4][5] - Registration for attending the meeting in person will occur on September 11, 2025 [5] - Shareholders can appoint proxies to attend and vote on their behalf [4][5] Additional Information - The company will provide reminders to shareholders about the meeting and voting through SMS notifications [3] - Any costs related to travel and accommodation for attending shareholders will be self-borne [5]

Core Viewpoint - Hunan Aihua Group Co., Ltd. plans to change the purpose of repurchased shares from "for implementing the equity incentive plan" to "for cancellation and reduction of registered capital" [1][2][3] Summary of Related Sections Share Repurchase Overview - The company approved a share repurchase plan on September 28, 2021, allowing the repurchase of A-shares at a maximum price of 40.00 CNY per share, with a quantity between 1,250,000 and 2,500,000 shares [2] - The maximum repurchase price was later adjusted to 39.70 CNY per share, with the new quantity range set to 1,259,446 to 2,518,891 shares [2] Implementation of Share Repurchase - The first repurchase involved acquiring 2,350,743 shares, representing 0.59% of the total share capital, at an average price of 32.27 CNY per share, totaling approximately 75.86 million CNY [3][6] Change of Purpose for Repurchased Shares - The company intends to use the repurchased shares for cancellation, which will reduce the total share capital from 401,130,603 CNY to 398,779,860 CNY [1][6] - The total number of shares will decrease from 401,130,603 shares to 398,779,860 shares after the cancellation [6][7] Rationale and Feasibility of the Change - The decision aims to protect investor interests, enhance investor confidence, and improve earnings per share, thereby increasing shareholder returns [6][7] - The cancellation will not significantly impact the company's financial status, operational capabilities, or shareholder rights [7] Procedural Requirements - The proposal requires approval from the shareholders' meeting, needing a two-thirds majority of the voting rights [7][8] - The board will seek authorization to handle the necessary procedures for share cancellation and capital reduction [7]

证券代码：603989 证券简称：艾华集团 公告编号：2025-037 湖南艾华集团股份有限公司 2025年半年度募集资金存放与实际使用情况的专项报告 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。 按照中国证监会《上市公司募集资金监管规则》、上海证券交易所颁布的《上海证 券交易所上市公司自律监管指引第1号——规范运作》及相关格式指引的要求，现将湖南 艾华集团股份有限公司（以下简称"公司""本公司"） 2025年度上半年募集资金存放 与实际使用情况报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 预先已投入牛角式铝电解电容器扩产项目的自筹资金 3,684,400.00 元、置换预先已投入 叠层片式固态铝电解电容器生产项目的自筹资金 1,683,200.00 元、置换预先已投入新疆 中高压化成箔生产线扩产项目的自筹资金 44,414,700.00 元、引线式铝电解电容器升级 及扩产项目使用 261,175,933.73 元、牛角式铝电解电容器扩产项目使用 94,590,057.49 元、叠层片式固态铝电解电 ...

一、被提名人具备上市公司运作的基本知识，熟悉相关法律、行政法规、规 章及其他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履 行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规章以及公司规章的 要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； 湖南艾华集团股份有限公司 独立董事提名人声明 提名人湖南艾华集团股份有限公司董事会，现提名徐友龙为湖南艾华集团股 份有限公司第六届董事会独立董事候选人，并已充分了解被提名人职业、学历、 职称、详细的工作经历、全部兼职、有无重大失信等不良记录等情况。被提名人 已同意出任湖南艾华集团股份有限公司第六届董事会独立董事候选人（参见该独 立董事候选人声明）。 提名人认为，被提名人具备独立董事任职资格，与湖南艾华集团股份有限公 司之间不存在任何影响其独立性的关系，具体声明如下： （二）《中华人民共和国公务员法》关于公务员兼任职务的规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条 ...