Core Points - The company announced that its shareholders, Wuxi Aochuang Investment Partnership and Wuxi Aoli Investment Partnership, completed a share reduction plan, selling a total of 4.295 million shares, which represents 1.36% of the company's total equity [1] - The share reduction occurred between July 30, 2025, and September 26, 2025, with the selling price ranging from 45.17 yuan to 51.90 yuan per share, resulting in a total reduction amount of approximately 208 million yuan [1] - After the reduction, the two shareholders hold a combined total of 13.5453 million shares, accounting for 4.30% of the company's total equity [1] - The company's actual controllers, Ge Zhiyong and Li Wen, did not participate in this share reduction [1]

Group 1 - The core point of the article is that Aotwei (SH 688516) announced a share reduction by its shareholders, which has implications for the company's stock performance and market perception [1] - Aotwei's shareholders, Wuxi Aochuang and Wuxi Aoli, reduced their holdings by approximately 4.3 million shares, accounting for 1.36% of the company's total share capital [1] - The company's revenue composition for the year 2024 is reported as follows: equipment manufacturing 89.98%, renovation and others 9.84%, and other businesses 0.18% [1] Group 2 - Aotwei's market capitalization is currently valued at 16.1 billion yuan [2] - The competition in the beverage industry is highlighted by the market share decline of Yibao by nearly 5 percentage points following the launch of Farmer's green bottle [2]

证券代码：688516 证券简称：奥特维 公告编号：2025-101 转债代码：118042 转债简称：奥维转债 无锡奥特维科技股份有限公司 关于股东减持计划完成暨减持结果公告 本公司董事会、全体董事及相关股东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。 减持计划的实施结果情况 2025 年 7 月 30 日，公司于上海证券交易所（www.sse.com.cn） 披露了《无锡奥特维科技股份有限公司关于股东减持股份计划的公告》 （公告编号：2025-080）。公司股东无锡奥创、无锡奥利拟通过集中 竞价及大宗交易的方式减持其所持有公司股份合计不超过4,300,000 股，减持比例合计不超过公司股份总数的 1.36%。 1 公司于 2025 年 9 月 26 日收到股东无锡奥创、无锡奥利出具的《关 于所持无锡奥特维科技股份有限公司股份减持结果告知函》。于 2025 年 9 月 19 日至 2025 年 9 月 26 日期间，无锡奥创、无锡奥利通过集 中竞价及大宗交易方式合计减持公司股份 4,295,002 股，占公司当 前总股本的 1.36% 。 ...

Core Viewpoint - The company, Aotwei (688516.SH), announced the completion of a share reduction plan by its shareholders, Wuxi Aochuang and Wuxi Aoli, resulting in a total reduction of 4.295 million shares, which accounts for 1.36% of the company's total share capital [1] Summary by Relevant Sections - **Share Reduction Details** - The share reduction occurred between September 19, 2025, and September 26, 2025 [1] - The reduction was executed through centralized bidding and block trading methods [1] - **Impact on Share Capital** - The total shares reduced were 4.295 million, representing 1.36% of the current total share capital of the company [1]

Group 1 - The core point of the news is the performance and financial metrics of Wuxi Autowei Technology Co., Ltd., which saw a stock price increase of 5.39% to 53.20 CNY per share, with a total market capitalization of 16.768 billion CNY [1] - The company was established on February 1, 2010, and went public on May 21, 2020, focusing on the research, design, production, and sales of high-end intelligent equipment [1] - The revenue composition of the company is as follows: photovoltaic equipment accounts for 78.86%, transformation and other main businesses 13.61%, lithium battery equipment 5.20%, semiconductor 2.13%, and others 0.19% [1] Group 2 - From the perspective of fund holdings, Penghua Fund has one fund heavily invested in Autowei, specifically the Penghua New Energy Selected Mixed A Fund (011956), which held 457,600 shares in the second quarter, unchanged from the previous period, representing 1.81% of the fund's net value [2] - The fund has a current scale of 449 million CNY and has achieved a year-to-date return of 41.94%, ranking 1623 out of 8244 in its category [2] - The fund manager, Zhang Hongjun, has been in position for 3 years and 322 days, with the fund's total asset scale at 4.312 billion CNY, achieving a best return of 24.92% and a worst return of 6.89% during his tenure [3]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The subsidiary, Songci Electromechanical, has launched CVD fluidized bed equipment to expand into the solid-state battery sector, which is crucial for the commercialization of next-generation batteries [7] - The company has formed a strategic partnership with Yili Technology for solid-state battery equipment, which is expected to benefit from Yili's planned production capacity of 26GWh over the next five years [7] - The company has secured overseas orders for its optical module AOI detection equipment, which is anticipated to significantly enhance production capacity and precision in semiconductor manufacturing [7] - The financial forecast indicates a decline in net profit for 2025, but the semiconductor and lithium battery businesses are expected to continue growing, justifying the "Buy" rating [7] Financial Summary - Total revenue is projected to reach 9,198 million yuan in 2024, with a year-on-year growth of 45.94%, followed by a decline to 7,092 million yuan in 2025 [1][8] - The net profit attributable to the parent company is expected to be 1,273 million yuan in 2024, decreasing to 729 million yuan in 2025, reflecting a year-on-year decline of 42.69% [1][8] - The latest diluted EPS is forecasted to be 4.04 yuan in 2024, dropping to 2.31 yuan in 2025 [1][8] - The current P/E ratio is approximately 12.50 for 2024 and 21.81 for 2025, indicating a valuation adjustment in line with profit expectations [1][8]

Company Overview - Aotewei Technology Co., Ltd. is located at No. 3, Xinhua Road, Xinwu District, Wuxi, Jiangsu Province, established on February 1, 2010, and listed on May 21, 2020 [1] - The company's main business involves the research, design, production, and sales of high-end intelligent equipment, with revenue composition as follows: photovoltaic equipment 78.86%, transformation and other main businesses 13.61%, lithium battery equipment 5.20%, semiconductor 2.13%, and others 0.19% [1] Financial Performance - As of June 30, 2025, Aotewei reported operating revenue of 3.379 billion yuan, a year-on-year decrease of 23.50%, and a net profit attributable to shareholders of 308 million yuan, a year-on-year decrease of 60.00% [2] - Cumulative cash dividends since Aotewei's A-share listing amount to 1.884 billion yuan, with 1.627 billion yuan distributed over the past three years [3] Stock Market Activity - On September 25, Aotewei's stock price decreased by 2.00%, trading at 49.39 yuan per share, with a total market capitalization of 15.568 billion yuan [1] - Year-to-date, Aotewei's stock price has increased by 18.41%, with a 1.22% decline over the last five trading days, a 19.44% increase over the last 20 days, and a 47.48% increase over the last 60 days [1] - As of June 30, 2025, the number of Aotewei shareholders is 19,200, a decrease of 4.86% from the previous period, with an average of 15,207 circulating shares per person, an increase of 5.32% [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 3.6185 million shares, an increase of 678,200 shares from the previous period [3] - The Southern CSI 500 ETF has exited the list of the top ten circulating shareholders [3]

股票简称：奥特维 股票代码：688516.SH 债券简称：奥维转债 债券代码：118042.SH 无锡奥特维科技股份有限公司 向不特定对象发行可转换公司债券 第七次临时受托管理事务报告 （2025 年度） 受托管理人：平安证券股份有限公司 二〇二五年九月 重要声明 本报告依据《公司债券发行与交易管理办法》《无锡奥特维科技股份有限公 司向不特定对象发行可转换公司债券受托管理协议》（以下简称《受托管理协议》） 《无锡奥特维科技股份有限公司向不特定对象发行可转换公司债券募集说明书》 （以下简称《募集说明书》）等相关规定，以及无锡奥特维科技股份有限公司（以 下简称公司、奥特维或发行人）出具的相关说明文件以及提供的相关资料等，由 本次债券受托管理人平安证券股份有限公司（以下简称平安证券）编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为平安证券所作的承诺 或声明。请投资者独立征询专业机构意见，在任何情况下，投资者不能将本报告 作为投资行为依据。 平安证券作为奥特维向不特定对象发行可转换公司债券（债券简称：奥维转 债，债券代码：118042.S ...

Group 1 - The photovoltaic equipment sector experienced a significant upward trend on September 24, with notable gains in various companies [2] - Sungrow Power Supply reached a new high during intraday trading, indicating strong market performance [2] - Tongrun Equipment hit the daily limit increase, showcasing robust investor interest [2] Group 2 - Other companies such as Maiwei Co., Aotaiwei, Juhe Materials, Jinlang Technology, and Shangneng Electric also saw increases, reflecting a broader positive sentiment in the sector [2]

Core Viewpoint - The announcement details a significant reduction in shareholding by major shareholders of Wuxi Autowei Technology Co., Ltd., which has led to a change in their combined ownership percentage, touching the 5% threshold for reporting [1][2]. Group 1: Shareholding Changes - On September 22, 2025, Wuxi Aochuang and Wuxi Aoli collectively reduced their holdings by 775,972 shares through centralized bidding, accounting for 0.25% of the total share capital, and by 1,144,476 shares through block trading, accounting for 0.36% [2]. - Following these transactions, the combined shareholding of Ge Zhiyong, Li Wen, Wuxi Aochuang, and Wuxi Aoli decreased from 45.61% to 45.00%, triggering the 5% reporting requirement [2][14]. - The total share capital of the company was adjusted from 315,637,856 shares to 315,196,071 shares after the cancellation of 441,785 shares from the 2023 restricted stock incentive plan [1][2]. Group 2: Nature of the Shareholding Change - The reduction in shareholding is part of a normal divestment process by the employee stockholding platforms and does not involve any change in the source of funds, nor does it trigger a mandatory takeover bid [3][4]. - The actual controllers, Ge Zhiyong and Li Wen, did not participate in this reduction plan [4]. Group 3: Compliance and Future Plans - The company has adhered to relevant regulations and will continue to fulfill its information disclosure obligations [5][12]. - There are no current plans for further increases or decreases in shareholding within the next 12 months beyond the disclosed reduction plan [12].