Core Viewpoint - The recent decline in the stock price of Aikesaibo (688719) is closely related to changes in the company's fundamentals and market sentiment, with a projected net loss for 2025 contrasting sharply with the previous year's profit [1] Group 1: Company Performance - Aikesaibo expects a net loss attributable to shareholders of 40 million to 60 million yuan for 2025, a significant decline from a profit of 73.12 million yuan in the same period last year, indicating a shift from profit to loss [1] - The primary reasons for the expected loss include delayed revenue recognition due to increased order concentration in the latter half of the year, intensified market competition leading to a decrease in gross margin, and a significant rise in R&D expenditures [1] Group 2: Stock Performance - From January 12 to February 11, 2026, the stock experienced a decline of 8.91%, with a price drop from 54.77 yuan to 45.60 yuan, and a 20.34% drop over the last 20 days as of February 11, 2026, directly linked to the negative earnings forecast [2] - The stock's volatility was exacerbated by a shareholder reduction plan, with the Dachen system and integrated circuit fund planning to reduce their holdings by up to 3%, alongside profit-taking behavior following prior stock price speculation [2] - Since mid to late December 2025, data from the dragon and tiger list indicates a net outflow of main funds, reflecting a trend of profit-taking after favorable news has been exhausted [2] Group 3: Valuation - The current price-to-earnings ratio (TTM) for Aikesaibo is negative, with a price-to-book ratio of 3.10, indicating significant valuation pressure [3] - It is important to note that the annual report for 2025 is scheduled for official disclosure on April 22, 2026, and the earnings forecast data is only a preliminary estimate [3]

Core Viewpoint - The company announced the resignation of its Vice President, Li Hui, due to reaching the legal retirement age, and he will not hold any other position within the company after his resignation [2] Group 1 - The company's board of directors received a written resignation report from Vice President Li Hui [2] - Li Hui's resignation is attributed to his reaching the legal retirement age [2] - After resigning, Li Hui will not take on any other roles within the company [2]

(一) 提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | | 原定任期到期日 | 离任原因 | 是否继续在 上市公司及 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 其控股子公 | | 毕的公开 | | | | | | | | | 司任职 | | 承诺 | | 李辉 | 副总经理 | 年 2026 2 | 月 | 日 5 | 年 月 日 2027 5 19 | 已到法定 | 否 | 不适用 | 是 | | | | | | | | 退休年龄 | | | | (二) 离任对公司的影响 证券代码：688719 证券简称：爱科赛博 公告编号：2026-005 西安爱科赛博电气股份有限公司 关于公司高级管理人员退休辞职的公告 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。 重要内容提示： 西安爱科赛博电气股份有限公司（以下简称"公司"）董事会于近日收到公 司副总经理李辉先 ...

西安爱科赛博电气股份有限公司 2026 年第二次临时股东会会议资料 证券代码：688719 证券简称：爱科赛博 西安爱科赛博电气股份有限公司 2026 年第二次临时股东会 会议资料 西安爱科赛博电气股份有限公司 2026 年第二次临时股东会会议资料 西安爱科赛博电气股份有限公司 2026 年第二次临时股东会会议须知 为维护广大投资者的合法权益，保障股东在本次股东会期间依法行使权利， 根据《中华人民共和国公司法》、中国证券监督管理委员会《上市公司股东会规 则》等法律法规和西安爱科赛博电气股份有限公司（以下简称"公司"）《股东会 议事规则》等有关规定，特制定本会议须知： 一、公司负责本次股东会的议程安排和会务工作，为确认出席大会的股东或 其代理人或其他出席者的出席资格，会议工作人员将对出席会议者的身份进行必 要的核对工作，请被核对者给予配合。 2026 年 3 月 西安爱科赛博电气股份有限公司 2026 年第二次临时股东会会议资料 目 录 | 2026 | 年第二次临时股东会会议须知 1 | | --- | --- | | 2026 | 年第二次临时股东会会议议程 3 | | 2026 | 年第二次临时股东会会议 ...

Group 1 - The company Aikesaibo announced the resignation of its Deputy General Manager, Li Hui, due to reaching the legal retirement age, and he will not hold any other position in the company after his resignation [1] - The resignation was officially communicated to the board of directors [1] Group 2 - The news also includes an investigation into the legality of personal stock trading by fund managers, revealing unexpected answers from several leading public funds [1]

Market Overview - The other power equipment sector experienced a decline of 0.43% on February 4, with Kehua Data leading the drop [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Stock Performance - Xizi Clean Energy (002534) saw a closing price of 18.70, with an increase of 4.59% and a trading volume of 277,800 shares, amounting to a transaction value of 514 million [1] - China Power (600482) closed at 27.77, up 1.28%, with a trading volume of 344,100 shares and a transaction value of 953 million [1] - Dongfang Electric (600875) closed at 25.99, up 1.09%, with a trading volume of 430,500 shares and a transaction value of 1.119 billion [1] - Kehua Data (002335) experienced a significant drop of 4.79%, closing at 58.86, with a trading volume of 295,600 shares [2] Capital Flow - The other power equipment sector saw a net outflow of 877 million from institutional investors, while retail investors had a net inflow of 589 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Dongfang Electric (600875) had a net inflow of 21.27 million from institutional investors, but a net outflow of 17.43 million from retail investors [3] - Keda Technology (300820) experienced a net inflow of 38.32 million from institutional investors, while retail investors saw a net outflow of 51.47 million [3] - The capital flow data suggests varying levels of confidence among different investor types within the sector [3]

Group 1 - The resignation of director Yuan Mengli is due to personal work arrangements, effective immediately upon submission of the resignation report [2] - Yuan Mengli will continue to serve as the deputy general manager of the testing power division after resigning from the board [2][3] - His departure will not affect the normal operation of the board or the company's daily operations, as the board will still meet the legal requirements for member numbers [3] Group 2 - The company has nominated Xiao Jianjiang as a candidate for the non-independent director position to fill the vacancy left by Yuan Mengli [4][5] - Xiao Jianjiang's term will last until the end of the current board's term, pending approval at the upcoming shareholders' meeting [4] Group 3 - The board has also proposed Xiao Jianjiang to serve on the strategic committee, ensuring the committee's operations remain orderly [6][7] - The strategic committee's composition will be updated following the completion of this election [8] Group 4 - The company has issued a performance forecast for the year 2025, expecting a net loss attributable to shareholders of between -60 million to -40 million RMB, a significant decrease compared to the previous year's profit [11] - The expected loss represents a year-on-year decline of 154.70% to 182.05% [11] - The decline in profit is attributed to increased market competition, lower product gross margins, and higher R&D expenditures [15] Group 5 - The company will hold its second extraordinary shareholders' meeting on March 5, 2026, with both on-site and online voting options available [19][21] - Shareholders must register to attend the meeting, with specific guidelines provided for registration [28][29]

Core Viewpoint - Aikesaibo (688719.SH) forecasts a net loss attributable to shareholders of the parent company for 2025, ranging from -60 million to -40 million yuan, indicating a significant decline compared to the previous year, with a decrease of 11,312.42 million to 13,312.42 million yuan, or a drop of 154.70% to 182.05% [1] Group 1 - The company expects a year-on-year increase in order scale for 2025, but contracts are primarily signed in the latter half of the year, leading to a mismatch between order growth and current performance [1] - Increased market competition has resulted in a decline in product gross margins [1] - The company is focusing on expanding new products and businesses in its core areas, leading to a significant increase in R&D investment compared to the same period last year, which has contributed to a substantial decrease in both net profit attributable to shareholders and net profit excluding non-recurring gains and losses [1]

Core Viewpoint - Aikesaibo (688719.SH) forecasts a net loss attributable to shareholders of the parent company for 2025, ranging from -60 million to -40 million yuan, indicating a significant decline compared to the previous year, with a decrease of 11,312.42 million to 13,312.42 million yuan, or a year-on-year drop of 154.70% to 182.05% [1] Group 1 - The company expects a year-on-year increase in order scale for 2025, but the contracts are primarily concentrated in the latter half of the year, leading to a mismatch between order growth and current performance [1] - Increased market competition has resulted in a decline in product gross margins [1] - The company is focusing on expanding new products and businesses in its core areas, leading to a significant increase in R&D investment compared to the same period last year, which has contributed to a substantial decrease in both net profit attributable to shareholders and net profit excluding non-recurring gains and losses [1]

Core Viewpoint - Aikesaibo (688719.SH) is expected to report a significant net loss for the year 2025, with projections indicating a loss between 60 million to 40 million yuan, representing a year-on-year decline of 113.12 million to 133.12 million yuan, or a decrease of 154.70% to 182.05% compared to the previous year [1] Financial Performance - The projected net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to be between -68.5 million to -48.5 million yuan, reflecting a decrease of 108.64 million to 128.64 million yuan, or a decline of 180.64% to 213.90% year-on-year [1] Business Operations - The company anticipates growth in order volume for 2025; however, contracts are primarily signed in the latter half of the year, leading to a mismatch between order growth and current performance [1] - Increased market competition has resulted in a decline in product gross margins [1] - The company is focusing on expanding new products and businesses in its core areas, leading to a significant increase in R&D investment compared to the same period last year, which has contributed to the substantial decline in net profits [1]