Financial Performance - The company's revenue for Q3 2025 reached ¥255,147,257.76, representing a 15.51% increase year-over-year[5] - Net profit attributable to shareholders was ¥29,815,474.19, an increase of 88.57% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥22,091,687.54, up 60.93% year-over-year[5] - Total operating revenue for the current period reached ¥774,093,154.01, an increase of 8.2% compared to ¥715,336,792.27 in the previous period[22] - Net profit for the current period was ¥88,190,120.83, representing a growth of 50.0% from ¥58,777,565.63 in the previous period[23] - Earnings per share (EPS) for the current period was ¥0.9365, compared to ¥0.6445 in the previous period, reflecting a 45.3% increase[23] - The company reported a profit before tax of ¥101,428,045.38, compared to ¥63,714,625.56 in the previous period, an increase of 58.9%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,403,374,106.02, reflecting a 17.19% increase from the previous year[5] - The total assets increased to ¥2,403,374,106.02 from ¥2,050,912,466.99, reflecting a growth of 17.1%[21] - Current assets totaled CNY 1,730,655,968.20, up from CNY 1,448,787,702.28 at the start of the period, indicating a growth of approximately 19.5%[19] - The company reported a total non-current asset value of CNY 672,718,137.82, up from CNY 602,124,764.71, reflecting an increase of about 11.7%[20] - The company’s total liabilities increased to CNY 1,377,353,961.44 from CNY 1,118,942,583.79, showing a growth of approximately 23.1%[20] - Total liabilities increased to ¥1,460,550,495.51 from ¥1,203,193,936.47, marking a rise of 21.4%[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥96,372,282.20, showing a 16.93% increase[5] - Cash flow from operating activities was ¥490,754,248.12, a significant decrease from ¥2,306,041,244.22 in the previous period[24] - The net cash flow from operating activities was 96,372,282.20, an increase from 82,416,833.61 in the previous period, reflecting a growth of approximately 17.5%[25] - Total cash inflow from investment activities was 69,493,356.86, down from 203,043,631.22, indicating a decrease of about 65.8%[25] - The net cash flow from financing activities was 223,407,766.65, significantly higher than 65,986,361.55 in the previous period, representing an increase of approximately 237.5%[25] - The cash inflow from operating activities totaled 2,508,486,995.05, compared to 2,362,512,736.25, reflecting an increase of about 6.2%[25] Inventory and Borrowings - The company reported a significant increase in inventory by 36.37%, attributed to the growth in high-performance computing server trade[9] - Inventory increased significantly to CNY 369,397,513.63 from CNY 270,873,537.14, representing a growth of approximately 36.3%[19] - Short-term borrowings increased by 41.23%, primarily to supplement daily working capital[9] - Short-term borrowings rose to CNY 808,839,530.99 from CNY 572,695,900.56, marking an increase of about 41.3%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,385[13] - The number of shares held by the top ten shareholders includes a repurchase account holding 1,259,700 shares, accounting for 1.57% of total shares[15] - The company has no changes in the shareholding structure due to the transfer of shares among the top ten shareholders[17]

Core Viewpoint - Aikolan's stock price has shown significant growth this year, with a year-to-date increase of 55.93%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Aikolan achieved a revenue of 519 million yuan, representing a year-on-year growth of 4.95%, while the net profit attributable to shareholders was 44.27 million yuan, up 23.82% year-on-year [2]. - The company has distributed a total of 71.17 million yuan in dividends since its A-share listing, with 11.10 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 28, Aikolan's stock price was 39.78 yuan per share, with a market capitalization of 3.182 billion yuan. The stock experienced a trading volume of 33.19 million yuan and a turnover rate of 1.49% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on February 17, where it recorded a net buy of -10.83 million yuan [1]. Shareholder Information - As of June 30, 2025, Aikolan had 11,600 shareholders, a decrease of 19.02% from the previous period, with an average of 4,898 circulating shares per shareholder, an increase of 53.47% [2]. - Among the top ten circulating shareholders, Huashang Credit Enhanced Bond A (001751) is the sixth largest, holding 424,700 shares as a new shareholder [3]. Industry Classification - Aikolan is classified under the automotive industry, specifically in the automotive parts sector, focusing on engine exhaust after-treatment products and air pollution control products [1][2].

Investment Rating - The report maintains an "Overweight" rating for the environmental protection sector [2] Core Viewpoints - The iteration of the National VII emission standards is expected to expand the exhaust after-treatment market, with a projected market space of 100 billion yuan [3][7] - The National VII standards are accelerating, with significant advancements in technology routes, including EHC and tightly coupled SCR systems, which are anticipated to enhance product value [6][45] - Companies with leading technology and product competitiveness in the National VII industrial chain, such as Aikelan and Aofu Technology, are expected to benefit from this market expansion [3][10] Summary by Sections Emission Standards and Market Potential - Mobile sources are a significant contributor to air pollution in China, with motor vehicle emissions accounting for 72% of total emissions [4][12] - The National VII standards are currently in the third phase of pre-research, with the aim to further reduce NOx and particulate matter emissions [5][22] - The exhaust after-treatment market is projected to reach 100 billion yuan, driven by the transition from National VI to National VII standards [7][47] Technological Advancements - The National VII standards will likely introduce new technologies to improve NOx reduction and cold start control, enhancing the efficiency of exhaust after-treatment systems [6][45] - The use of EHC technology is expected to significantly improve SCR conversion efficiency, meeting stringent emission regulations [33][45] Recommended Companies - Aikelan (300816 CH) is recommended with a "Buy" rating, targeting a price of 48.40 yuan, due to its strong position in the National VII market and technological advancements [10][52] - Aofu Technology (688021 CH) is rated "Overweight," with a target price of 21.00 yuan, focusing on its development in the ceramic technology sector for air pollution control [10][52]

证券代码：300816 证券简称：艾可蓝 公告编号：2025-058 安徽艾可蓝环保股份有限公司 关于控股股东、实际控制人减持计划实施完成的公告 公司股东刘屹先生保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 1、股东减持股份情况 注：1、本次减持股份来源为公司首次公开发行前股份。 2、若本表中出现总数与分项数值之和不符的情况，均为四舍五入计算所致。 2、股东本次减持前后持股情况 | | | 本次减持前持有股份 | 占剔除回 | | 本次减持后持有股份 占剔除回 | | --- | --- | --- | --- | --- | --- | | 股东 | | | 购证券账 | | 购证券账 | | 名称 | 股份性质 | 股数 （股） | 户股份数 | 股数 （股） | 户股份数 | | | | | 量后总股 | | 量后总股 | | | | | 本的比例 | | 本的比例 | | 刘屹 | 合计持有股份 | 31,108,572 | 39.51% | 28,746,372 | 36.51% | | | 其 ...

10月15日，艾可蓝盘中上涨2.07%，截至13:04，报36.92元/股，成交1984.60万元，换手率0.96%，总市 值29.54亿元。 截至6月30日，艾可蓝股东户数1.16万，较上期减少19.02%；人均流通股4898股，较上期增加53.47%。 2025年1月-6月，艾可蓝实现营业收入5.19亿元，同比增长4.95%；归母净利润4426.61万元，同比增长 23.82%。 分红方面，艾可蓝A股上市后累计派现7116.63万元。近三年，累计派现1110.24万元。 机构持仓方面，截止2025年6月30日，艾可蓝十大流通股东中，华商信用增强债券A（001751）位居第 六大流通股东，持股42.47万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流出79.27万元，大单买入50.84万元，占比2.56%，卖出130.11万元，占比 6.56%。 艾可蓝今年以来股价涨44.58%，近5个交易日跌0.70%，近20日跌3.35%，近60日涨11.61%。 今年以来艾可蓝已经2次登上龙虎榜，最近一次登上龙虎榜为2月17日，当日龙虎榜净买入-1082.70万 元；买入总计6784.01万元 ，占 ...

Core Points - The company Aikelan announced its semi-annual equity distribution plan for 2025, which includes a cash dividend of 0.25 RMB per 10 shares (tax included) [2] - The record date for the equity distribution is set for October 20, 2025, and the ex-dividend date is October 21, 2025 [2]

证券代码：300816 证券简称：艾可蓝 公告编号：2025-057 安徽艾可蓝环保股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、安徽艾可蓝环保股份有限公司（以下简称"公司"）2025 年半年度权益 分派方案为：以 78,740,300 股为基数（公司总股本 80,000,000 股剔除回购专用证 券账户中已回购股份 1,259,700 股后的股本），向全体股东每 10 股派发现金红利 人民币 0.25 元（含税），不送红股，不进行资本公积金转增股本。即公司 2025 年半年度权益分派的股本基数为 78,740,300 股，实际现金分红总额为人民币 1,968,507.50 元（含税）。 2、本次权益分派实施后，按公司总股本（含回购股份）折算的每 10 股现金 分红（含税）及除权除息参考价的计算公式如下： 按公司总股本（含回购股份）折算的每 10 股现金分红（含税）=现金分红总 额/总股本*10=1,968,507.50 元/80,000,000 股*10=0.246063 元，即每股现金红利 ...

Core Viewpoint - Aikolan has transformed from a follower to a leader in the automotive emissions treatment industry, achieving significant growth and technological advancements since its establishment in 2009, culminating in its successful IPO in 2020 [3][5][10]. Company Overview - Aikolan was founded in 2009 by Liu Yi, who returned to China from the U.S. to address the technological monopoly in the automotive emissions sector [4]. - The company faced significant challenges in its early years, including five consecutive years of losses, but maintained its focus on R&D, which ultimately led to its success [4][5]. - Aikolan's revenue for the first half of 2023 reached 519 million yuan, with a net profit of 44.26 million yuan, marking a year-on-year growth of 23.82% [3]. Technological Advancements - Aikolan has developed key technologies such as three-way catalysts (TWC) and selective catalytic reduction (SCR), breaking the long-standing foreign monopoly in the emissions treatment market [5]. - The company holds 280 authorized patents and 47 software copyrights, with its SCR products recognized for their advanced technology [5][6]. Market Position and Strategy - Aikolan is strategically positioned to cater to commercial vehicles, non-road machinery, and shipping, where the transition to electric vehicles is slower, ensuring continued demand for its products [6][7]. - The rise of hybrid vehicles has opened new opportunities for Aikolan, which is actively developing exhaust treatment products for hybrid gasoline engines [7]. - The company is also involved in the national key R&D program for air and soil pollution control, focusing on next-generation emissions technologies [7][8]. International Expansion - Aikolan aims to balance short-term profitability with long-term transformation, actively pursuing international markets through acquisitions and partnerships [8]. - The company has established long-term collaborations with clients in Japan and is developing comprehensive product systems for European customers [8]. Talent Development - Aikolan emphasizes the importance of talent in driving long-term industry development, focusing on cultivating professionals with expertise in technology, low carbon solutions, and digitalization [9][10]. - The company collaborates with universities to develop a dual education mechanism, integrating real industry needs into academic training [9][10]. Future Outlook - Aikolan views the upcoming "National Seven" emissions standards as a new starting point for global leadership in the industry, aiming to contribute to both economic development and environmental sustainability [11].

安徽艾可蓝环保股份有限公司 关于控股股东、实际控制人权益变动触及 1%整数倍的公告 公司股东刘屹先生保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 | 1. 基本情况 | | | | | --- | --- | --- | --- | | 信息披露义务人 | | 刘屹 | | | 住所 | | 安徽省池州市贵池区 | | | 权益变动时间 | | 2025年9月17日-2025年10月9日 | | | 权益变动过程 | | 1、2025年9月17日至2025年10月9日，刘屹先生通过集中竞价 的方式减持公司股份435,000股，占目前公司剔除回购专用证券 账户中股份数量后总股本的0.55%。本次减持不会导致公司控 | | | | | 制权发生变化，不会对公司的持续经营产生重大影响。 | | | 股票简称 | 艾可蓝 | 股票代码 | 300816 | | 变动方向 | 上升□ 下降 | 一致行动人 | 有□ 无 | | 是否为第一大股东或实际控制人 | | 是 | 否□ | | 本次权益变动情况 2. | | | | | 股份种类 | 占剔除回购证券账户股份数量后 减 ...

（编辑 王雪儿） 证券日报网讯 艾可蓝10月9日在互动平台回答投资者提问时表示，公司近年来一直保持较高的研发投入 比率，其中很大一部分就是用于前瞻性的国六后期、国七以及非五等更高排放标准的技术研发，由于国 七标准尚未正式发布，公司针对国七排放标准，已陆续开展了多项预研和开发工作，一旦国七标准正式 发布并进入实施周期，公司凭借现有的技术储备和客户基础，有望从中受益。具体情况请关注公司公开 披露的信息。 ...