Group 1 - The announcement details the completion of business registration changes and the issuance of new business licenses for the wholly-owned subsidiaries of Hunan Aihua Group Co., Ltd., specifically Xinjiang Rongze Aluminum Foil Manufacturing Co., Ltd. and its subsidiary Xinjiang Zejin Electronic Materials Co., Ltd. [1] - Xinjiang Rongze has updated its business scope to include the manufacturing, sales, and research of electronic special materials, and has received a new business license from the Kuytun City Market Supervision Administration [1] - Xinjiang Zejin has also completed its business registration changes, with a focus on electronic special materials manufacturing and related activities, and has received a new business license from the Xinjiang Production and Construction Corps [2] Group 2 - Xinjiang Rongze's registered capital is 225 million yuan, and it was established on June 9, 2015, with a legal representative named Ai Lihua [1] - Xinjiang Zejin has a registered capital of 50 million yuan, was established on November 9, 2021, and has a legal representative named Ai Liang [2] - Both companies are classified as limited liability companies, with Xinjiang Rongze being wholly owned by a natural person and Xinjiang Zejin being wholly owned by a non-natural person [1][2]

（编辑 任世碧） 证券日报网讯 1月21日，艾华集团在互动平台回答投资者提问时表示，公司当前处于结构调整深化期， 核心特征是高附加值产品占比持续提升，并聚焦高毛利赛道，2025年上半年工控/新能源类产品占比达 52.75%。 ...

Core Viewpoint - The company focuses on energy storage inverters and home energy storage systems, indicating a strategic shift towards renewable energy applications [1] Group 1: Business Focus - The company is concentrating on energy storage applications, particularly in energy storage inverters and home energy storage systems [1] - The energy storage-related business is experiencing rapid growth alongside the industrial control and new energy sectors [1] Group 2: Market Position - By the first half of 2025, the proportion of industrial control and new energy products in the company's portfolio has increased to 52.75% [1]

Group 1 - The core point of the article is that Aihua Group announced changes in the business scope of its wholly-owned subsidiaries due to operational development needs and regulatory requirements [2] - The subsidiaries involved are Xinjiang Rongze Aluminum Foil Manufacturing Co., Ltd. and Xinjiang Rongze's wholly-owned subsidiary Xinjiang Zejin Electronic Materials Co., Ltd. [2] - The company has completed the necessary business registration changes and related filings for the amendments to its articles of association [2]

证券代码：603989 证券简称：艾华集团 公告编号：2026-001 一、新疆荣泽铝箔制造有限公司营业执照变更情况 新疆荣泽完成了工商变更登记手续，取得了奎屯市市场监督管理局换发的《营业执 照》，营业执照具体内容如下： 8．经营范围：一般项目：电子专用材料制造；电子专用材料销售；电子专用材料 研发。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 二、新疆泽津电子材料有限公司营业执照变更情况 新疆泽津完成了工商变更登记手续，取得了新疆生产建设兵团第七师市场监督管 理局换发的《营业执照》，营业执照具体内容如下： 1．名称：新疆荣泽铝箔制造有限公司 2．社会信用代码：91654003328888509R 3．住所：新疆伊犁州奎屯市冬青路 8 号 4．法定代表人：艾立华 5．注册资本：贰亿贰仟伍佰万元整 6．企业类型：有限责任公司（自然人投资或控股的法人独资） 7．成立日期：2015 年 06 月 09 日 湖南艾华集团股份有限公司 关于全资子公司及孙公司完成工商变更登记 并换发营业执照的公告 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 ...

Core Viewpoint - The company emphasizes its commitment to investor returns and has established a clear shareholder dividend return plan for the next three years (2025-2027) [1] Group 1 - The company has developed a specific shareholder dividend return plan, which can be found in the announcement titled "Hankao Group Co., Ltd. Future Three-Year (2025-2027) Shareholder Dividend Return Plan" [1] - The company will strictly adhere to regulatory requirements and fulfill relevant information disclosure obligations in a timely manner [1] - The company aims to safeguard investors' rights to information and returns [1]

Core Viewpoint - Aihua Group's stock performance shows a slight increase, with notable financing activities indicating a mixed sentiment among investors [1][2]. Group 1: Stock Performance and Financing - On January 15, Aihua Group's stock rose by 0.23%, with a trading volume of 70.89 million yuan [1]. - The financing buy-in amount for Aihua Group on the same day was 7.49 million yuan, while the financing repayment was 11.20 million yuan, resulting in a net financing outflow of 3.71 million yuan [1]. - As of January 15, the total financing and securities lending balance for Aihua Group was 174 million yuan, with the financing balance accounting for 2.54% of the circulating market value, indicating a high level compared to the past year [1]. Group 2: Shareholder and Financial Performance - As of September 30, Aihua Group had 25,700 shareholders, an increase of 15.62% from the previous period, while the average circulating shares per person decreased by 13.51% to 15,617 shares [2]. - For the period from January to September 2025, Aihua Group reported operating revenue of 2.944 billion yuan, a year-on-year decrease of 0.73%, while the net profit attributable to shareholders increased by 11.59% to 221 million yuan [2]. - Since its A-share listing, Aihua Group has distributed a total of 1.657 billion yuan in dividends, with 285 million yuan distributed over the past three years [2]. Group 3: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder of Aihua Group, holding 3.2509 million shares, a decrease of 1.8295 million shares from the previous period [2]. - Guoshou Anbao Smart Life Stock A and Western Li De New Trends Mixed A were new entrants among the top ten circulating shareholders, holding 2.9 million shares and 1.2003 million shares, respectively [2]. - Two funds, China Merchants Quantitative Selected Stock Initiated A and Dacheng Competitive Advantage Mixed A, exited the top ten circulating shareholders list [2].

Core Viewpoint - The passive components industry is crucial for electronic devices, providing essential functions such as signal regulation and energy storage without external power. The industry is supported by various national policies aimed at promoting innovation and domestic production, with significant growth expected in both global and Chinese markets by 2024 [1][4][7]. Industry Overview - Passive components, also known as passive devices, operate without external power and rely on physical properties to perform functions like current/voltage regulation and energy storage. They are essential for ensuring signal transmission and circuit stability, forming the backbone of the electronic industry [2][3]. Policy Support - China has implemented several key policies to support the passive components industry, including reforms in management systems, strategies to expand domestic demand, and guidelines for energy electronics development. These policies aim to enhance local companies' capabilities in high-end material research and precision manufacturing [4][5]. Industry Chain - The upstream of the passive components industry consists of raw material and equipment suppliers, with critical materials largely imported. The midstream includes manufacturing of capacitors, inductors, and resistors, with domestic companies like Fenghua Advanced Technology and SanHuan Group leading in mid-to-low-end markets. The downstream market is driven by consumer electronics, automotive electronics, and emerging fields like AI and 5G [5][6]. Market Dynamics - The global passive components market is expected to reach $39.1 billion by 2024, with a growth rate of 7.7%. The Asia-Pacific region dominates, accounting for over 70% of the market share. China, as the largest demand market, is projected to grow to 142.3 billion yuan in 2024, with a compound annual growth rate of 15.2% from 2020 to 2024 [7][8]. Competitive Landscape - The competitive landscape of the passive components industry in China is characterized by international giants dominating high-end markets, while domestic companies are making strides in mid-to-low-end segments. Key players like Fenghua Advanced Technology and SanHuan Group are focusing on high-end product certifications and technological advancements [9][10]. Development Trends - The future of the passive components industry in China will focus on three main areas: technological upgrades, deepening domestic substitution, and ecological collaboration. Products will evolve towards higher capacitance, miniaturization, and reliability, with a strong emphasis on self-sufficiency in materials and core technologies [11][12].

Core Viewpoint - Aihua Group's stock has shown a positive trend with a 3.99% increase year-to-date and a notable rise in trading activity, indicating investor interest and potential growth in the electronic components sector [1][2]. Group 1: Stock Performance - As of January 9, Aihua Group's stock price reached 17.45 CNY per share, with a market capitalization of 6.959 billion CNY [1]. - The stock has experienced a 3.99% increase in price since the beginning of the year, with a 5.12% rise over the past 20 days [1]. - The trading volume on January 9 was 36.5073 million CNY, with a turnover rate of 0.53% [1]. Group 2: Financial Performance - For the period from January to September 2025, Aihua Group reported a revenue of 2.944 billion CNY, reflecting a year-on-year decrease of 0.73% [2]. - The net profit attributable to shareholders for the same period was 221 million CNY, showing an increase of 11.59% compared to the previous year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 15.62% to 25,700, while the average number of circulating shares per shareholder decreased by 13.51% to 15,617 shares [2]. - The company has distributed a total of 1.657 billion CNY in dividends since its A-share listing, with 285 million CNY distributed over the last three years [3]. Group 4: Institutional Holdings - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 3.2509 million shares, a decrease of 1.8295 million shares from the previous period [3]. - New institutional shareholders include Guoshou Anbao Smart Life Stock A and Western Benefit New Direction Mixed A, which have entered the top ten circulating shareholders list [3].

Group 1 - The company, AiHua Group (603989.SH), is recognized as a qualified supplier for Huawei and has maintained a long-term cooperative relationship with the tech giant [1] - Due to confidentiality requirements, the specific details of the cooperation cannot be disclosed [1]