证券代码：301023 证券简称：江南奕帆 公告编号：2025-033 无锡江南奕帆电力传动科技股份有限公司 关于股东减持计划时间届满的公告 公司股东宋益群女士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。 无锡江南奕帆电力传动科技股份有限公司（以下简称"公司"）于2025年3月4日 披露了《关于股东减持计划预披露的公告》（公告编号：2025-008），持有公司股份 2,158,566股（占当时扣除公司回购股份数后的总股本比例的3.8823%）的股东宋益群女 士计划自减持计划公告披露之日起15个交易日后的3个月内通过集中竞价交易方式减持 公司股份不超过556,008股(占当时扣除公司回购股份数后的总股本比例的1%）。若计 划减持期间公司有派息、送股、转增股本、配股等除权除息事项，上述拟减持股份数 量将相应进行调整，但减持股份占扣除公司回购股份数后的总股本的比例不变。 公司于2025年5月8日回购注销了2024年限制性股票激励计划激励对象所持已获授 但尚未解锁的限制性股票38,000股，导致公司总股本从56, ...

证券代码：301023 证券简称：江南奕帆 公告编号：2025-032 无锡江南奕帆电力传动科技股份有限公司 关于公司董事、持股5%以上股东权益变动触及1%整数倍的公告 公司董事、持股5%以上股东陈渊技先生、龚建芬女士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。 无锡江南奕帆电力传动科技股份有限公司（以下简称"公司"）于2025年3月4日 在巨潮资讯网（www.cninfo.com.cn）披露了《关于公司董事、持股5%以上股东减持计 划预披露的公告》（公告编号：2025-009），公司持股5%以上股东、董事陈渊技先生、 龚建芬女士计划自本公告披露之日起15个交易日后的3个月内，通过集中竞价合计减持 公司股份不超过556,008股(占扣除公司回购股份数后的总股本比例的1.0000%），大宗 交易方式合计减持公司股份不超过 1,112,016 股(占扣除公司回购股份数后的总股本比 例的2.0000%）。若计划减持期间公司有派息、送股、转增股本、配股等除权除息事 项，上述拟减持股份数量将相应进行调整，但减持股份 ...

Industry Overview - The electric scooter industry has rapidly developed in China, becoming a major manufacturing hub due to its energy-saving, quick charging, and strong endurance features [1][19] - The global electric scooter market is projected to reach approximately $26.73 billion in 2024 and is expected to grow to $55.01 billion by 2033, with a compound annual growth rate (CAGR) of 8.35% [1][21] - The industry benefits from the increasing popularity of shared scooters in the US and Europe, which has enhanced public awareness and led to the establishment of regulatory standards [1][19] Market Dynamics - The primary markets for electric scooters are Europe and North America, where short-distance travel accounts for 60% of travel demand [12] - The industry is characterized by a diverse and competitive landscape, with many brands and companies entering the market, focusing on technological innovation and quality improvement [23] - The introduction of national standards in China, such as GB/T 42825-2023, is expected to enhance industry regulation and consumer confidence [12][19] Key Players - Notable companies in the electric scooter market include Ninebot, Yadea, and Niu Technologies, which leverage strong technological capabilities and brand influence to dominate the market [2][24] - Ninebot's revenue from electric scooters and balance bikes is projected to be approximately 3.38 billion yuan in 2024 [24] - Niu Technologies reported an electric scooter revenue of about 2.96 billion yuan in 2024, reflecting a year-on-year growth of 25.52% [26] Technological Trends - The industry is expected to focus on technological innovations in battery, motor, and smart control systems, with advancements in lithium battery technology driving growth [28] - The integration of AI algorithms and enhanced user interaction technologies will significantly improve user experience and product performance [28] Future Outlook - The electric scooter market is anticipated to expand into diverse application scenarios beyond personal commuting, including logistics, recreational use, and specialized mobility devices for the elderly and disabled [29][30] - The shift towards an ecosystem-based business model, combining products with services, is likely to reshape the competitive landscape and enhance profitability [31]

证券代码：301023 证券简称：江南奕帆 公告编号：2025-031 无锡江南奕帆电力传动科技股份有限公司 关于更换持续督导保荐代表人的公告 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。 无锡江南奕帆电力传动科技股份有限公司（以下简称"公司"）于近日收到 中信建投证券股份有限公司（以下简称"中信建投"）出具的《关于更换无锡江 南奕帆电力传动科技股份有限公司首次公开发行股票并在创业板上市持续督导 保荐代表人的函》。 中信建投原指派徐兴文先生、隋玉瑶先生担任公司首次公开发行股票并在创 业板上市的保荐代表人。隋玉瑶先生因个人工作变动，无法继续履行保荐代表人 职责。为了切实做好持续督导工作，中信建投指派保荐代表人杨学雷先生（简历 见附件）接替其担任公司首次公开发行股票并在创业板上市的持续督导期间的保 荐代表人，继续履行相关职责。本次保荐代表人变更后，公司首次公开发行股票 并在创业板上市持续督导的保荐代表人为徐兴文先生、杨学雷先生，持续督导期 至中国证券监督管理委员会和深圳证券交易所规定的持续督导义务结束为止。 本次保荐代表人变更不会影响中信建投对公司的持续督导工作 ...

Group 1 - The core viewpoint of the article highlights a partial rebound in robotics concept stocks, with Xiangyang Bearing hitting the daily limit up and other companies like Siling Co. and Jike Co. also experiencing significant gains [1] - CITIC Securities emphasizes the potential of humanoid robots as embodied intelligence that can interact better with humans and serve in human environments, suggesting a future where each household or individual may own a humanoid robot [1] - The market potential for humanoid robots is projected to exceed that of automobiles and smartphones, with an estimated market size reaching several trillion yuan [1]

Group 1 - A total of 26 companies were investigated by institutions on May 26, with 20 companies specifically targeted by funds [1] - The most popular company among funds was Cankin Technology, which had 13 participating funds, followed by Greebo and Hars, each with 12 funds [1] - The companies investigated belong to various sectors, including electronics, machinery, basic chemicals, and pharmaceutical biology, with three stocks from each of these sectors being highlighted [1] Group 2 - Among the companies investigated, four had a total market capitalization exceeding 50 billion yuan, with BOE Technology Group being one of them, while ten companies had a market cap below 10 billion yuan [1] - In terms of market performance, eight stocks among the investigated companies saw an increase in the last five days, with Kailer Co., Zhongsheng Pharmaceutical, and Zhongchumei leading with increases of 21.62%, 7.52%, and 5.76% respectively [1] - Conversely, twelve stocks experienced declines, with Jiangnan Yifan, Tangyuan Electric, and Greebo showing the largest drops of 5.68%, 4.34%, and 3.89% respectively [1] Group 3 - The funds that participated in the investigations included significant net inflows, with Zhongsheng Pharmaceutical receiving a net inflow of 122 million yuan, the highest among the stocks [2] - Other companies with notable net inflows included Haida Group and Kailer Co., with net inflows of 36.68 million yuan and 11.77 million yuan respectively [2] - The table of companies investigated includes various details such as stock codes, latest closing prices, five-day price changes, and industry classifications [2][3]

Group 1: Financial Performance - The company's solar motor revenue is expected to grow while maintaining the current gross margin, although a slight decline in gross margin is anticipated due to increased revenue [2] - Accounts receivable increased in Q1 2025 due to revenue growth [2] - The company has a robust order reserve, particularly in the energy storage motor sector, benefiting from significant growth in the power industry [3] Group 2: Product Development and Strategy - The company is transitioning from customized services to standardized products as part of market development, while still adhering to the core philosophy of non-standard customization [3] - The company has completed the design and prototyping of a hollow cup motor, which is now in the critical sample testing phase [3] - The company is cautiously exploring investment opportunities beyond robotics, welcoming collaborations with any relevant high-quality investment targets [3] Group 3: Operational Insights - The company is currently operating at historical maximum capacity to ensure timely order fulfillment, particularly in the RV motor business [4] - The company maintains a conservative approach to new product production investments, making initial purchases based on customer demand and order situations [3] - The robotics R&D team is still in the process of recruitment, focusing on talent in drive control [3]

证券代码：301023 证券简称：江南奕帆 公告编号：2025-030 无锡江南奕帆电力传动科技股份有限公司 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。 重要提示： 技股份有限公司（以下简称"公司"）总股本扣除回购股份后的股本55,600,800股为基 数，向全体股东每10股派发现金红利人民币6.00元(含税)，合计派发现金红利人民币= 参 与 利 润 分 配 的 股 数 ÷ 10 × 每 10 股 派 发 现 金 红 利 =55,600,800 股 ÷ 10 × =55,600,800股÷10×每10股转增股数=55,600,800股÷10×4=22,240,320股；不送红股。 剩余未分配利润结转以后年度分配。在2024 年年度利润分配预案披露日至实施权益分 派股权登记日期间，若公司总股本发生变动，公司将按照分配比例不变的原则对分配 总额进行相应调整。 自公司2024年年度权益分派方案披露至实施期间，公司完成回购注销限制性股票 仍为399,450股。总股本扣除公司股票回购专用证券账户持股数后的股本为55,562,800 股。因公司回购专户中的股份不参与 ...

证券代码：301023 证券简称：江南奕帆 公告编号：2025-030 自公司2024年年度权益分派方案披露至实施期间，公司完成回购注销限制性股票 38,000股，公司总股本由56,000,250股变更为55,962,250股，回购账户股份保持不变， 仍为399,450股。总股本扣除公司股票回购专用证券账户持股数后的股本为55,562,800 股。因公司回购专户中的股份不参与利润分配及资本公积金转增股本，因此本公司 2024年年度权益分派方案调整为：以公司现有总股本剔除已回购股份399,450股后的 55,562,800股为基数，向全体股东每10股派发现金红利人民币6.00元(含税），合计派 发现金红利人民币=参与利润分配的股数÷10×每10股派发现金红利=55,562,800股÷ 10×6.00=33,337,680.00元(含税)；合计转增股数=参与利润分配的股数÷10×每10股转 增股数=55,562,800股÷10×4=22,225,120股。 无锡江南奕帆电力传动科技股份有限公司 2024年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 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5] Core Viewpoints - The company specializes in the research, manufacturing, and sales of customized micro and special reduction motors, with a diverse product line exceeding 3,000 specifications and models [1][15] - The company has shown significant revenue growth, achieving 282 million yuan in 2024, a year-on-year increase of 61.69%, and a net profit of 95 million yuan, up 98.51% [1][17] - The reduction motor market in China is projected to grow from 884 billion yuan in 2023 to 1,156 billion yuan by 2030, with a CAGR of 5.12% from 2024 to 2030 [2][33] Summary by Sections Section 1: Company Overview - The company has a strong focus on the micro and special reduction motor sector, continuously expanding its downstream application scenarios [1][15] - It has established long-term partnerships with renowned companies such as Siemens, Schneider Electric, and Eaton, enhancing its market position [3][57] Section 2: Market Potential - The reduction motor market is vast, with applications in various industries including power distribution, recreational vehicles, and renewable energy [2][33] - The company is well-positioned to benefit from the growing demand in these sectors, particularly in energy storage and solar energy applications [36][45] Section 3: Technological Leadership - The company maintains a high R&D investment rate, consistently above 4.5%, leading to industry-leading technology and product quality [3][52] - It has developed numerous patents and has a professional R&D team with extensive experience in motor and reduction mechanism development [3][54] Section 4: Growth Strategies - The company is actively expanding into new fields such as electric bicycles and humanoid robots, aiming to create new growth curves [4][61] - Strategic collaborations with technology firms are underway to enhance product offerings and market reach [4][73] Section 5: Financial Projections - Revenue forecasts for 2025 to 2027 are projected at 364 million, 451 million, and 543 million yuan, with respective growth rates of 29%, 24%, and 20% [5][6] - Net profit is expected to grow to 114 million, 135 million, and 159 million yuan over the same period, with growth rates of 20%, 19%, and 18% [5][6]