艾艾精密工业输送系统（上海）股份有限公司
2025年年度报告编制及审计进展公告解读

一、公告要点摘要

• 退市风险警示：公司股票因触及《上海证券交易所股票上市规则》第9.3.2条第一款第（一）项规定的退市风险警示情形，于2025年4月30日被实施退市风险警示。
• 年度审计尚未完成：截至公告日，公司2025年度财务报表的审计程序尚未完结，最终审计意见需以中审亚太会计师事务所出具的报告为准。
• 新能源电池配件业务新增：2025年第四季度，公司新增新能源电池配件业务，全年实现营业收入5,915.84万元，其中2025年12月单月收入达4,581.57万元，但截至2025年12月31日应收账款余额为6,532.52万元，现有3,057.36万元账款已逾期，能否全额收回存在不确定性。
• 收入确认待核查：新能源电池配件业务的收入是否存在需要扣除的情形，中审亚太正在进一步审计核查，最终以审计报告为准。
• 收购形成商誉减值风险：因收购泰州中石信形成的商誉在2025年资产负债表日出现减值，最终减值金额及对利润的影响尚未确认。
• 股权投资损失及转让不确定性：公司持有金锋馥3.2254%股权，因业绩不及预期，2024年度公允价值变动损失达850万元。公司正筹划转让该股权，但尚未签署协议，转让条款及对公司净利润的影响存在重大不确定性。
• 信息披露及进展：公司将继续推进年报编制及审计工作，按规定及时履行信息披露义务。2025年年度报告预约披露日为2026年4月27日，此次为第二次进展公告。

二、对股东和投资者的重大影响及潜在股价影响因素

1. 退市风险加剧：公司已被实施退市风险警示，目前能否解除风险尚不明确。如最终年报或审计报告存在重大不利事项，股票存在较高退市风险，极大影响公司估值及流动性。
2. 新能源电池配件业务收入的真实性及可持续性存疑：虽短期收入增长明显，但应收账款逾期比例较高，回款风险大增，若坏账增加或收入被审计扣减，将直接影响公司盈利能力和现金流。
3. 商誉减值可能大幅拉低利润：泰州中石信商誉减值金额尚未确认，若减值金额较大，可能导致公司2025年净利润大幅下滑，甚至进一步恶化退市风险。
4. 股权投资损失及转让不确定性：持有金锋馥股权已产生重大公允价值损失，且转让事宜尚未落地，未来转让价格和条款不确定，可能进一步带来损失。
5. 信息披露及审计结论仍存重大不确定性：现阶段审计未发现非标准意见事项，但最终审计结论尚未出具，相关关键事项如收入确认、商誉减值、股权转让结果均可能影响最终年报及股价。

三、详细内容梳理

艾艾精密工业输送系统（上海）股份有限公司因触及上交所相关退市风险警示条款，已于2025年4月30日被实施退市风险警示。公司2025年度的财务报表，目前审计工作仍在进行中，所有关键会计处理及最终审计意见以中审亚太会计师事务所后续出具的报告为准。

2025年第四季度，公司新增新能源电池配件业务带来5,915.84万元营收，其中12月单月占比高达77%。但截至年底应收账款余额高达6,532.52万元，逾期账款比例已达46.8%。应收账款能否全额回收存疑，存在坏账风险。此外，该业务的收入确认是否合规，是否需要扣减，中审亚太正在深入核查，如有调整可能影响公司收入和利润表现。

此外，在前期收购泰州中石信时形成的商誉截至2025年末已出现减值迹象，相关参数与假设尚需进一步确认，减值金额或对公司利润构成重大影响，最终数额以审计报告为准。

在投资方面，公司持有金锋馥3.2254%股权，因业绩未达预期，2024年度已确认公允价值变动损失850万元。公司正积极寻求转让该股权，但尚未签约，转让价格、条款及对净利润影响均充满不确定性。相关审计程序尚未实质性开展，未来仍有进一步损失的可能。

公司于2025年11月、12月更换为中审亚太会计师事务所进行年度及内控审计，2026年1月已披露业绩预告，后续将持续推进审计及年报编制进程。截至目前，未发现需出具非标准审计意见事项，但关键会计处理和业务事项仍需等待最终核查结果。

公司提醒，所有信息以《证券时报》和上交所网站为准，投资者需密切关注后续进展，警惕投资风险。

四、结论与投资建议

综合来看，公司面临退市风险警示、重大收入真实性疑虑、应收账款回收不确定、商誉减值风险、股权投资损失及转让不确定等多重利空，任何一项负面进展都可能对公司业绩和股价形成重大压力。投资者应高度关注后续审计结论和公司年报披露的进展，警惕潜在的股价波动和退市风险。

免责声明：本文内容基于公司公告及公开信息整理，仅供投资者参考，不构成任何投资建议。投资者据此操作，风险自负。请以公司官方信息披露为准。

【English Version】

AiAi Precision Industrial Conveying System (Shanghai) Co., Ltd.
2025 Annual Report Preparation and Audit Progress Announcement – Investor Focus

Key Highlights

• Delisting Risk Alert: The company’s shares have been placed under delisting risk warning by the Shanghai Stock Exchange as of April 30, 2025, due to violation of listing rules.
• Audit Not Yet Completed: The 2025 annual financial report audit is ongoing. The final audit opinion will depend on the report from Zhongshen Asia Pacific CPA Firm.
• New Energy Battery Parts Business: In Q4 2025, the company added a new revenue stream from new energy battery parts, generating RMB 59.16 million in revenue, with RMB 45.82 million in December alone. However, as of December 31, 2025, accounts receivable reached RMB 65.33 million, and RMB 30.57 million is overdue, raising significant collection risks.
• Revenue Recognition Under Audit: The authenticity and proper recognition of the new energy battery parts revenue is still being audited, with possible adjustments pending the final audit report.
• Impairment Risk on Goodwill: Goodwill arising from the acquisition of Taizhou Zhongshixin shows impairment as of the 2025 balance sheet date. The final amount and its impact on profits are yet to be determined.
• Equity Investment Loss and Transfer Uncertainty: The company holds a 3.2254% stake in Jinfengfu, which recorded a fair value loss of RMB 8.5 million in 2024 due to performance shortfall. The company is preparing to sell this stake, but no agreement has been signed, and the impact on profit is highly uncertain.
• Information Disclosure: The 2025 annual report is scheduled for April 27, 2026. This announcement is the second update on its preparation and audit progress.

Major Issues for Shareholders and Potential Price Movers

1. Heightened Delisting Risk: The company faces a real risk of delisting if key audit indicators are not met or negative findings emerge, potentially leading to huge valuation and liquidity shocks.
2. Questionable Sustainability of New Revenue: Although new business has boosted short-term revenue, the high proportion of overdue receivables is alarming. If bad debt losses rise or revenue is adjusted down, both profit and cash flow could be hit hard.
3. Goodwill Impairment May Drag Down Profits: The impairment from the Taizhou Zhongshixin acquisition could materially reduce 2025 profits, worsening the delisting risk.
4. Uncertain Equity Disposal: The loss on Jinfengfu and the uncertainty over the sale of this stake add to the company’s financial unpredictability.
5. Audit Results Remain Uncertain: While no non-standard opinions have emerged so far, key matters such as revenue recognition, goodwill impairment, and equity sale still await final audit confirmation.

Detailed Breakdown

AiAi Precision Industrial Conveying System (Shanghai) Co., Ltd. is under delisting risk warning as of April 30, 2025. The audit for the 2025 annual report is ongoing, with the final outcome depending on Zhongshen Asia Pacific’s audit opinion.

The company’s new energy battery parts business launched in Q4 2025 generated significant revenue, but the quality of this revenue is questionable due to a very high rate of overdue accounts receivable. The audit firm is still reviewing whether all revenue can be recognized in full or may need to be reduced, which could have a direct impact on reported profits.

Goodwill from the Taizhou Zhongshixin acquisition has shown signs of impairment, the final amount of which could materially impact net profit.

The company also faces a fair value loss of RMB 8.5 million from its Jinfengfu equity stake and is trying to dispose of this asset. However, the transfer process is not finalized, and further losses are possible depending on the final agreement terms.

Zhongshen Asia Pacific was appointed as the auditor in late 2025, and while no non-standard opinions have been found so far, the outcome of the audit, especially on key issues, could still affect the company’s financial statements and share price.

All official information should be referenced only from the Shanghai Stock Exchange website or Securities Times.

Conclusion and Investor Advisory

In summary, the company faces multiple material risks: delisting warning, questionable revenue quality, high receivable risk, goodwill impairment, and uncertain investment losses. Any negative audit findings could trigger significant share price volatility or even delisting. Investors are advised to closely monitor audit progress and subsequent disclosures.

Disclaimer: This article is based on official company disclosures and is for reference only. It does not constitute investment advice. Investors are responsible for their own decisions. Please refer to official company announcements for the most accurate information.

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