Analysis of the Strong Performance of Aiko Co., Ltd. (300889): Driven by Performance Improvement, Governance Optimization, and Business Diversification

Aiko Co., Ltd. (300889) recently entered the strong stock pool, and its performance can be attributed to multiple factors:

1. Performance Improvement
   : Net profit in the second quarter of 2025 increased by 116.81% YoY to 3.5703 million yuan, and operating revenue increased by 79.81% YoY [0]. Revenue in the first three quarters was 822 million yuan (+29.56% YoY), and the net profit attributable to parent company narrowed by 56.04% to -31.0834 million yuan [0].
2. Governance Optimization
   : An extraordinary general meeting was held in November to complete the by-election of directors and adjustment of business scope, paving the way for business expansion [0].
3. Business Diversification
   : Layout in LED lighting, new energy, charging piles, photovoltaic and wind power, etc. LED optoelectronic products account for 44.93%, and new energy electronic auxiliary materials account for 16.55% [0].
4. Market Performance
   : The stock price fluctuated upward in 2025, currently in the range of 22-25 yuan, with a 52-week high of 25.36 yuan/low of 8.21 yuan [0]. The turnover on November 18 was 244 million yuan, with a turnover rate of 6.57% [1], and the main capital had a net outflow of 14.1928 million yuan in the past 5 days [1].
5. Shareholder Structure
   : As of September 30, the number of shareholders was 11,600, a decrease of 14.60%, indicating concentrated chips [0].

• Initial Transformation Effects
  : Although there was still a loss in the first three quarters, the net profit improved significantly YoY, showing progress in business transformation (from single LED to diversified new energy) [0].
• Benefiting from Policy Dividends
  : As a leader in LED landscape lighting and smart light poles, it benefits from the promotion of smart city and new energy infrastructure policies [0].
• Increased Market Attention
  : The main purchase on August 28 was 5.6243 million yuan [2], and the turnover on November 18 increased to 244 million yuan [1], indicating increased investor interest.

• Short-term Capital Outflow: The main net outflow in the past 5 days was 14.1928 million yuan [1], which may affect short-term trends.
• Profit Uncertainty: There was still a loss in the first three quarters, and the effectiveness of business transformation needs continuous verification [0].

• Diversified Layout: Expansion of new energy, charging piles and other businesses opens up growth space [0].
• Governance Optimization: The general meeting adjustment provides support for business expansion [0].

The recent strong performance of Aiko Co., Ltd. is jointly driven by performance improvement, governance optimization and business diversification. The company is in the transformation period, although there is still a short-term loss, the fundamentals continue to improve, and market attention increases. Investors need to pay attention to subsequent profit release and changes in capital flow.