证券代码：603529 证券简称：爱玛科技 公告编号：2025-049 转债代码：113666 转债简称：爱玛转债 爱玛科技集团股份有限公司 关于 2024 年限制性股票激励计划部分限制性股票回购注销实 施公告 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： 一、本次限制性股票回购注销的决策与信息披露 于提请股东大会授权董事会办理股权激励相关事宜的议案》。公司股东大会授权董 事会在出现 2024 年限制性股票激励计划所列明的需要回购注销激励对象尚未解除 限售的限制性股票，办理该部分限制性股票回购注销所必需的全部事宜，包括但 不限于修改公司章程、公司注册资本的变更登记。具体内容详见公司于 2024 年 3 月 1 日在上海证券交易所网站（www.sse.com.cn）及指定披露媒体刊登的公告。 十四次会议，审议通过了《关于调整 2024 年限制性股票激励计划回购价格的议案》 《关于 2024 年限制性股票激励计划第一个解除限售期解除限售条件未成就暨回购 注销部分限制性股票的议案》，同意公司因权益分派实施调整 20 ...

Core Viewpoint - Xiaomi's YU7 electric vehicle launch has generated significant market interest, challenging Tesla's Model Y and setting new benchmarks for pre-sale speed and order volume in the electric vehicle sector [5][8][62]. Group 1: Launch and Market Response - Xiaomi's YU7 received overwhelming pre-orders, with 20,000 units booked in 3 minutes and over 289,000 units in 18 hours, showcasing a new standard for electric vehicle pre-sales [5][26]. - The launch event was compared to major sales events like Double 11, indicating a strong consumer response and market excitement [4][62]. - The CEO expressed pride in witnessing a "miracle" in the Chinese automotive industry, highlighting the significance of this launch [6][62]. Group 2: Competitive Positioning - YU7 is priced lower than Tesla's Model Y, with the standard version costing 253,500 CNY, which is 10,000 CNY less than the Model Y rear-wheel drive version [11][12]. - The vehicle offers superior specifications, including an 800V silicon carbide high-voltage platform and advanced features like laser radar and NVIDIA Thor chip, positioning it competitively against Tesla [14][16]. - Performance metrics are impressive, with the Max version achieving 0-100 km/h in just 3.23 seconds and a range of 835 km, setting a high bar for vehicles in its price range [18][20]. Group 3: Production and Capacity Challenges - The surge in orders has raised concerns about Xiaomi's production capacity, which is currently limited to 150,000 units annually, with the second factory expected to increase capacity to 300,000 units but still facing ramp-up challenges [30][32][33]. - The company has implemented a "transfer order mechanism" allowing customers of the SU7 to switch to the YU7, aiming to manage production and customer expectations [35][38]. - Xiaomi's commitment to expanding production is evident, with plans for future factory developments to potentially increase capacity beyond 600,000 units by 2026 [39][40]. Group 4: Safety and Technology Focus - Safety has been emphasized as a core selling point for the YU7, featuring high-strength steel and advanced safety systems, aiming to build consumer trust [45][46]. - The vehicle includes a comprehensive driver assistance system, with over 10 million training clips, indicating a focus on enhancing autonomous driving capabilities [49][57]. - Xiaomi aims to address previous criticisms by ensuring that the YU7 meets high safety and quality standards, reflecting a shift in strategy from merely competing on price to establishing a reliable brand reputation [60][65].

Group 1 - Indonesia announced the easing or removal of import restrictions on ten categories of goods and raw materials, including forest products, pearls, subsidized fertilizers, certain fuels and chemicals, plastic raw materials, food pallets, bicycles, and footwear [1] - The measures aim to assist in negotiations with the US regarding a 32% tariff threat and to promote broader trade goals, including a trade agreement with the EU and joining the OECD [1] - Indonesia will tighten import regulations on clothing and accessories to support domestic manufacturing, while maintaining import restrictions on strategic goods such as rice, salt, fishery products, and certain labor-intensive industry products [1] Group 2 - Indonesia proposed investment cooperation with the US in the electric vehicle supply chain, focusing on nickel and other key materials, but did not disclose further details [2] - As the world's largest nickel producer, Indonesia is accelerating its electric vehicle battery supply chain, recently launching a $5.9 billion industrial park construction [2] - The policy adjustments are part of President Joko Widodo's early efforts to improve Indonesia's business environment, which has seen a decline in global competitiveness rankings [2]

Group 1 - The General Administration of Customs of China announced the conditional resumption of imports of aquatic products from certain regions of Japan, excluding ten prefectures including Fukushima and Tokyo, based on safety assurances from the Japanese government and monitoring results [1][2] - Japanese exporters must comply with China's food safety regulations, including reapplying for registration to export aquatic products to China, and must provide health certificates and radiation testing results upon import declaration [1][2] - Strict supervision will be implemented on Japanese aquatic products imported to China, with immediate control measures to be taken if any non-compliance with Chinese laws or safety standards is detected [2] Group 2 - The State Administration for Market Regulation conducted a special inspection of food additives across various platforms and locations, revealing issues with the misuse of food additives in certain categories, while ensuring compliance in others [10] - The China Logistics and Purchasing Federation reported a total social logistics volume of 138.7 trillion yuan from January to May 2025, reflecting a year-on-year growth of 5.3%, with significant growth in consumer logistics demand [12] - The National Bureau of Statistics indicated a 1.1% decline in profits for industrial enterprises above designated size from January to May 2025, with state-owned enterprises experiencing a 7.4% drop in profit [13]

Core Viewpoint - Elon Musk strongly criticizes the Trump administration's latest tax reform bill, arguing that it will cut subsidies for electric vehicles and clean energy, leading to significant job losses and strategic damage to the U.S. economy [1][5][11] Summary by Relevant Sections Tax Reform Impact - The Senate's latest bill draft is expected to destroy millions of jobs in the U.S. and cause substantial strategic harm to the nation [1][5] - The bill proposes to raise the debt ceiling by $5 trillion, marking a historical high and potentially leading the U.S. into a state of debt dependency [8] Electric Vehicle Subsidies - The bill plans to eliminate the $7,500 tax credit for consumers purchasing electric vehicles, a crucial subsidy for boosting EV sales [9] - The previous proposal aimed to end most EV subsidies by the end of the year, but the new version accelerates this termination to September 30, affecting both used and commercial electric vehicles [10] Political Ramifications - Polls indicate that this bill could be politically detrimental for the Republican Party, potentially viewed as political suicide [3] - Musk's criticism may reignite public tensions between him and Trump, especially given Musk's previous role in the Trump administration [11]

Core Points - The Senate Republicans plan to end the electric vehicle tax credit by the end of September [1] Group 1 - The decision to terminate the electric vehicle tax credit is part of a broader budget strategy by Senate Republicans [1] - This move may impact the electric vehicle industry significantly, as the tax credit has been a key incentive for consumers [1] - The timeline for the termination of the tax credit is set for the end of September, indicating urgency in the legislative process [1]

瑞银集团：给予小米集团中性评级 目标价62港元 智通财经6月27日电，瑞银集团就小米集团-W(01810.HK)发布研报。认为小米提供的未交付SU7订单升 级至YU7选项会对小米电动车产能造成挑战，且由于小米YU7预售量大胜预期，产能扩张值得观察。给 予小米"中性"评级，目标价62港元。 ...

Core Viewpoint - Citi has a positive outlook on Xiaomi's stock price in response to the strong order performance of the YU7 models, with a "Buy" rating and a target price of HKD 73 [1] Group 1: Product Performance - The retail prices for Xiaomi's YU7 standard, Pro, and Max versions are RMB 253,500, RMB 279,900, and RMB 329,900 respectively [1] - In the first 3 minutes of sales, the order volume reached 200,000, and within the first hour, it increased to 289,000, exceeding most market expectations [1] Group 2: Market Outlook - Citi anticipates that Xiaomi's stock price will react positively to the YU7 order performance and believes there is potential for an increase in the target of 400,000 electric vehicle shipments this year [1] - Investor confidence may be bolstered by further plans for electric vehicle production capacity expansion [1] Group 3: Upcoming Catalysts - The next catalyst for Xiaomi will be the second-quarter earnings report and third-quarter guidance [1]

金十数据6月27日讯，美银证券发表研究报告指，小米集团(01810.HK)日前举行「人车家全生态发布 会」，当中市场聚焦於YU7的定价，YU7、YU7Pro及YU7Max的定价分别为25.35万元、27.99万元及 32.99万元人民币。该行指，YU7定价大致符预期，虽然Max版本的定价稍高於其预期的25至30万元范 围，但价格表现仍好过Tesla Model Y。而YU7开售一小时内，已收到逾28.9万辆订单，表现较SU7首日 订单量约8.9万辆更好。该行维持买入评级，基於强劲的电动车势头，以及稳健的智能手机及物联网增 长；目标价66港元。 美银证券：小米YU7定价大致符合预期 订单胜SU7 ...

Group 1 - The integration of digital technology and the real economy is crucial for building a modern industrial system, with talent being a fundamental driver of industrial innovation and development [1] - Dongguan, known as the "world's factory," is projected to see a 6.9% year-on-year growth in industrial added value in 2024, with advanced manufacturing and high-tech manufacturing growing by 11.1% and 12.7% respectively [1] - The Songshan Lake Developer Village aims to support the digital transformation of Dongguan's manufacturing industry through collaboration and innovation among developers [2][3] Group 2 - The Songshan Lake Developer Village, established in partnership with Huawei Cloud, serves as a hub for developers to create applications and solutions for local enterprises [2] - The Developer Village has attracted 29 companies, including CSDN and local enterprise Tailin, enhancing its collaborative ecosystem [3] - The village plans to provide comprehensive lifecycle services to at least 150 local enterprises over the next three years [4] Group 3 - Financial support is being provided to developers in the village through various subsidies, including credit loan interest subsidies and patent pledge loan subsidies, to foster a thriving developer ecosystem [5] - The establishment of the Dongguan Songshan Lake Technology Finance Gathering Area aims to enhance the financial ecosystem, offering policy financing products to support enterprise development [6] Group 4 - The Huawei Cloud Songshan Lake Developer Innovation Center is focused on helping developers expand globally by leveraging Huawei's global service capabilities [7] - The company "Today Talent," established in the Developer Village, has successfully implemented its AI digital assistants in Shenzhen, covering various government departments [7][8] - "Today Talent" is preparing to expand its services to overseas markets, focusing on customer service and digital product introductions [8]