上海爱旭新能源股份有限公司2026年度日常关联交易核查意见详解

报告要点摘要

• 关联交易预计总额：2026年度预计日常关联交易总金额不超过2,450万元（含税），涉及多家关联方，包括珠海迈科斯自动化系统有限公司及其子公司、广东保威新能源有限公司等。
• 履行程序：本次关联交易已通过公司第十届董事会第四次会议审议，关联董事回避表决，独立董事一致同意，无需提交股东大会审议。
• 定价原则：所有关联交易均以市场公允价格为基础，采用市场询比价或成本加利润率方式定价，确保公开、公平、公正。
• 对公司影响：报告明确指出，关联交易不会影响公司的业务独立性，不构成对关联方依赖，也不会损害中小股东利益。
• 保荐人核查意见：保荐人华泰联合证券认为决策程序合规，交易合理，无异议。

详细内容解读

一、2026年度关联交易基本情况

爱旭股份及其子公司2026年度预计与关联方发生的日常经营性交易总金额不超过2,450万元，主要包括备品备件采购、燃料及动力购买、接受服务等。2025年度实际关联交易金额为2,390.42万元，与预计金额2,415万元差异不大，显示公司在关联交易管理方面较为稳健。

2026年1-3月，实际签订合同金额为382.77万元，年度预计金额与上年实际金额相比无明显变化，反映公司与关联方交易保持稳定。

二、关联方详细信息

• 广东保威新能源有限公司：公司实际控制人陈刚100%实际控制，2025年总资产约5.86亿元，净资产3.59亿元，营收6.54亿元，净利润2,554.95万元。公司经营稳健，具备履约能力。
• 珠海迈科斯自动化系统有限公司：公司实际控制人通过持股结构间接控制，2025年总资产约5.85亿元，净资产1.69亿元，营收1.55亿元，净利润为-398.80万元。虽然出现亏损，但资产规模较大，业务正常。
• 其他关联方：包括实际控制人控制的其他企业，预计年度交易金额不超过200万元。

三、决策流程与合规性

关联交易已由董事会审议通过，关联董事回避，独立董事发表同意意见，认为交易合理、客观、公允，不存在损害中小股东利益的情形。无需提交股东大会审议。

保荐人华泰联合证券核查后认为，交易决策程序合法合规，符合公司章程和相关法规要求。

四、定价机制与交易原则

关联交易将以市场价格、询比价或成本加利润率方式定价，确保交易价格公允透明。公司强调不会因关联交易损害公司及中小股东利益。

五、对公司经营和股东的影响

• 独立性：该等关联交易不会影响公司业务独立性，不会对公司经营持续性构成实质性影响。
• 风险提示：主要关联方之一珠海迈科斯2025年出现亏损，投资者需关注其未来经营状况对交易履约能力的影响。
• 决策透明：交易履行程序透明，未发现对中小股东利益的不利影响。
• 业绩影响：关联交易金额占公司同类业务比例较低，整体对公司经营和业绩影响有限。

投资者须知：尽管本次关联交易金额总体不大，且公司独立性未受影响，但涉及的主要关联方及其财务状况、未来市场环境变化等，仍可能对公司经营产生间接影响，投资者应持续关注公司与关联方的业务往来及其履约能力，尤其是珠海迈科斯的经营情况。

免责声明

本文仅为信息披露和投资参考之用，不构成任何投资建议。投资者据此操作，风险自担。请投资者关注公司后续公告及相关市场动态。

English Version

Detailed Analysis of Aiko Solar’s 2026 Forecast on Related Party Transactions

Key Highlights

• Estimated Total Value: For 2026, Aiko Solar and its subsidiaries expect to conduct related party transactions not exceeding RMB 24.5 million (tax inclusive), mainly involving Zhuhai Maikos Automation System Co., Ltd. and its subsidiaries, as well as Guangdong Poway New Energy Co., Ltd.
• Approval Process: The related transaction plan has been approved by the company’s 10th Board of Directors (4th meeting); related directors abstained from voting, independent directors unanimously agreed, and the matter does not require submission to the shareholders’ meeting.
• Pricing Principle: All transactions are based on fair market value, using either market quotations or a cost-plus-profit margin approach, ensuring transparency, fairness, and impartiality.
• Impact on the Company: The report clearly states that these transactions will not affect the company’s business independence, create dependency on related parties, or harm the interests of minority shareholders.
• Sponsor’s Opinion: Sponsor Huatai United Securities believes the procedures are compliant and the transactions reasonable, expressing no objections.

In-Depth Details

1. 2026 Related Transactions Overview

For 2026, the forecasted total related party transaction value is capped at RMB 24.5 million, mainly for routine business needs such as procurement of spare parts, energy, and services. In 2025, the actual related transaction amount was RMB 23.90 million, closely matching the earlier forecast, indicating disciplined management.

In the first quarter of 2026, actual signed contract value was RMB 3.83 million. The full-year forecast shows no significant deviation from previous years, reflecting stability in related party transactions.

2. Related Parties in Detail

• Guangdong Poway New Energy Co., Ltd.: 100% controlled by actual controller Mr. Chen Gang. 2025 (unaudited): Assets RMB 586 million, equity RMB 359 million, revenue RMB 653 million, net profit RMB 25.5 million. The company is financially sound and capable of fulfilling contracts.
• Zhuhai Maikos Automation System Co., Ltd.: Indirectly controlled by Mr. Chen Gang. 2025 (unaudited): Assets RMB 585 million, equity RMB 169 million, revenue RMB 155 million, net loss RMB 3.98 million. Despite the loss, the company is sizeable and in normal operation.
• Other Related Parties: Other entities controlled by the actual controller; forecast annual transactions not exceeding RMB 2 million.

3. Decision Process and Compliance

The transactions were approved by the board, with related directors abstaining and independent directors approving. The process complies with the Articles of Association and relevant laws. No need for a shareholders’ meeting.

Sponsor Huatai United Securities confirmed the legality and compliance of the process.

4. Pricing Mechanism and Transaction Principles

The transactions will be priced at market rate, via quotations or cost-plus-profit, ensuring fairness and transparency. The company stresses that no shareholder interests will be harmed.

5. Impact on Company Operations and Shareholders

• Independence: The transactions do not threaten business independence or the company’s ability to operate continuously.
• Risk Alert: One major related party, Zhuhai Maikos, posted a loss in 2025; investors should monitor its future business performance and fulfillment capacity.
• Transparency: Procedures are transparent; no harm to minority shareholders detected.
• Impact on Earnings: The transaction amounts are small compared to the company’s overall business, with limited impact on performance.

Investor Note: Although the transaction amounts are relatively minor and do not affect independence, future changes in related parties’ financial health or market conditions may indirectly impact operations. Investors should continue to monitor related party relationships, especially Zhuhai Maikos’ situation.

Disclaimer

This article is for information and investor reference only and does not constitute investment advice. Investors operate at their own risk. Please pay attention to subsequent company announcements and market developments.

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