Financial Performance - The company's revenue for Q1 2025 was ¥12,737,150,116.47, a decrease of 41.18% compared to ¥21,653,865,291.15 in the same period last year[4] - Net profit attributable to shareholders was ¥126,111,313.37, down 24.89% from ¥167,910,610.45 year-on-year[4] - Basic and diluted earnings per share decreased by 24.87% to ¥0.1018 from ¥0.1355 in the previous year[4] - Total operating revenue decreased to ¥12.74 billion from ¥21.65 billion, a decline of approximately 41.5% year-over-year[18] - Net profit for the period was ¥142 million, down from ¥218 million, representing a decrease of about 34.9% year-over-year[19] Cash Flow - The net cash flow from operating activities improved significantly to ¥556,236,610.25, compared to a negative cash flow of ¥1,112,593,588.11 in the previous year, marking a 149.99% increase[4] - Total cash inflow from operating activities decreased to ¥22,648,956,031.08 from ¥25,681,432,752.45, representing a decline of approximately 11.8%[21] - Cash outflow from operating activities also decreased to ¥22,092,719,420.83 from ¥26,794,026,340.56, a reduction of about 17.5%[21] - The company reported a decrease in cash received from sales of goods and services to ¥21,805,952,294.52 from ¥23,766,293,752.53, a decline of about 8.2%[21] - The cash received from interest, fees, and commissions decreased to ¥24,685,682.09 from ¥32,582,040.87, a drop of approximately 24.3%[21] - The company’s cash flow from other operating activities fell significantly to ¥24,014,199.57 from ¥311,439,796.86, a decrease of around 92.3%[21] Assets and Liabilities - Total assets increased by 1.11% to ¥12,059,676,761.42 from ¥11,927,083,821.06 at the end of the previous year[4] - Total liabilities slightly decreased to ¥5.42 billion from ¥5.43 billion, a reduction of approximately 0.3%[16] - Current assets totaled ¥10.17 billion, up from ¥10.05 billion, indicating an increase of about 1.2%[16] - The company’s total equity increased to ¥6.64 billion from ¥6.49 billion, reflecting a growth of about 2.3%[16] Shareholder Information - Total number of common stock shareholders at the end of the reporting period was 83,282[10] - Shenzhen Shenzhou Tong Investment Group Co., Ltd. holds 39.50% of shares, amounting to 489,464,303 shares, with 106,520,000 shares pledged[10] - The company has not disclosed any changes in the top 10 shareholders due to share lending or borrowing activities[11] Operating Costs and Expenses - The company reported a 42.15% decrease in operating costs, amounting to ¥12,063,536,232.79, in line with the drop in sales revenue[8] - Financial expenses decreased by 45.78% to ¥18,142,056.16, attributed to an optimized financing structure[8] - Research and development expenses were ¥5.15 million, slightly up from ¥5.13 million, indicating a focus on innovation[18] Investment Activities - Investment income increased by 76.41% to ¥2,552,780.67, due to reduced losses from joint ventures[8] - The company plans to establish a partnership with professional investment institutions, with a total committed capital of ¥500 million for investments in smart terminals, artificial intelligence, and low-altitude economy sectors[12] - The partnership will involve a total subscription of ¥490 million from the company's subsidiaries, with the first phase of capital contribution completed at ¥51,918,367[13] - The company is actively exploring market expansion opportunities through strategic partnerships and investments in emerging technologies[12] Other Financial Metrics - The company experienced a significant reduction in non-operating income, which fell by 85.91% to ¥364,863.65 compared to the previous year[8] - Long-term equity investments remained stable at ¥54.51 million compared to ¥54.33 million, showing minimal change[16] - The company reported a significant increase in short-term borrowings, rising to ¥2.69 billion from ¥2.52 billion, an increase of approximately 6.8%[16] - The ending cash and cash equivalents balance increased to ¥2,230,294,154.55 from ¥1,984,567,031.18, reflecting a net increase of ¥136,783,781.46[22]

Financial Performance - The company's operating revenue for 2024 was approximately ¥65.82 billion, a decrease of 28.58% compared to ¥92.16 billion in 2023[6]. - The net profit attributable to shareholders for 2024 was approximately ¥581.49 million, down 11.26% from ¥655.28 million in 2023[6]. - The net profit after deducting non-recurring gains and losses for 2024 was approximately ¥459.87 million, a decline of 19.61% from ¥572.07 million in 2023[6]. - The net cash flow from operating activities for 2024 was approximately ¥1.56 billion, a significant decrease of 57.24% compared to ¥3.64 billion in 2023[6]. - The total assets at the end of 2024 were approximately ¥11.93 billion, down 4.25% from ¥12.46 billion at the end of 2023[6]. - The net assets attributable to shareholders at the end of 2024 were approximately ¥6.12 billion, an increase of 2.56% from ¥5.96 billion at the end of 2023[6]. - The company's total revenue for 2024 was approximately ¥65.82 billion, a decrease of 28.58% compared to ¥92.16 billion in 2023[55]. - The digital smart distribution business accounted for ¥42.17 billion, representing 64.06% of total revenue, down 28.44% year-over-year[55]. - The digital smart retail business generated ¥23.38 billion, making up 35.52% of total revenue, with a year-over-year decline of 29.05%[55]. - The company's overseas revenue dropped significantly by 59.83%, from ¥4.22 billion in 2023 to ¥1.70 billion in 2024[55]. Market Position and Growth - As of the last trading day of 2024, the company's market capitalization reached 20.163 billion yuan, an increase of over 70% compared to the same period last year[14]. - The number of shareholders has exceeded 100,000, indicating a significant increase in market attention[14]. - The company ranked 219th in the 2024 Fortune China 500 list, and 4th in the "Wholesale: Electronic and Office Equipment" sub-industry[34]. - The smartphone market in China is expected to see a total shipment of approximately 286 million units in 2024, reflecting a year-on-year growth of 5.6%[36]. - The online retail sales in China reached approximately ¥15.23 trillion in 2024, with a year-on-year growth of 7.2%[36]. Business Strategy and Development - The company aims to optimize its business structure by gradually reducing the proportion of low-margin businesses while promoting high-quality development[14]. - The company is focusing on consolidating its existing business while exploring new business areas to enhance differentiated service capabilities[15]. - The company plans to leverage industrial policy support and regional development planning to accelerate the layout of new productive forces[15]. - The company is committed to innovation-driven development, aiming to reshape industry value through technological innovation and industrial integration[15]. - The company is responding to the call for high-quality development by implementing a new development strategy that emphasizes collaboration and resource integration[15]. - The company aims to enhance operational efficiency and business quality through optimized business structure and safety operations in 2024[35]. - The company is actively exploring new growth areas and optimizing its industrial chain layout to enhance profitability and drive high-quality development[54]. Operational Efficiency and Innovation - The company has implemented AI technologies across its operations, covering over 130,000 staff in more than 20 provinces, enhancing channel management efficiency[52]. - The company has established a strong digital capability, with over 50% of its IT team in headquarters and a self-developed digital platform for business data visualization[44]. - The company has achieved breakthroughs in new retail digitalization and smart operations, expanding online sales channels and integrating various platforms to improve consumer experience[175]. - The company has built a robust sales network and digital support capabilities, creating a smart distribution and retail cloud platform to enhance customer value and trust[173]. Governance and Compliance - The company strictly adheres to the Company Law and Securities Law, ensuring effective governance and compliance with regulatory requirements[106]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[108]. - The supervisory board has 3 members, fulfilling legal requirements and effectively overseeing the company's financial status and major matters[110]. - The company has established a value management system and disclosed a valuation enhancement plan[104]. - The company follows strict information disclosure practices, ensuring transparency and timely communication with investors[114]. - The actual governance status of the company aligns with the regulations set by the China Securities Regulatory Commission[115]. Employee Management and Development - The total number of employees at the end of the reporting period is 3,631, with 774 in the parent company and 2,857 in major subsidiaries[147]. - The employee compensation structure includes base salary, performance bonuses, and incentive bonuses, with adjustments based on industry standards[148]. - The company has established a comprehensive performance evaluation system for employees, ensuring legal protection of employee rights and enhancing their sense of belonging and engagement[171]. - The company has implemented a training program called "I Study at Aishide University," aimed at improving employees' professional skills and academic qualifications, fostering internal talent development[172]. Social Responsibility and Community Engagement - The company has donated approximately 40,000 yuan worth of school supplies to a primary school, demonstrating its commitment to social responsibility and community support[178]. - The company actively participates in poverty alleviation and rural revitalization projects, contributing to local economic development and environmental sustainability[179]. Profit Distribution and Financial Management - The profit distribution plan approved by the board is to distribute a cash dividend of 5 yuan (including tax) for every 10 shares based on a total share capital of 1,239,281,806 as of December 31, 2024[5]. - The company has a clear profit distribution policy that ensures shareholder returns while maintaining operational sustainability[152]. - The company plans to distribute a cash dividend of 4 RMB per 10 shares (including tax) based on a total share capital of 1,239,281,806 shares as of December 31, 2023[168]. - The company has a commitment to not engage in competitive businesses or transactions that could harm its interests, with a long-term compliance record[181]. - The company has a structured approach to profit distribution that considers industry characteristics, operational models, and future funding needs[182].

爱施德（002416）公告，2025年第一季度营业收入127.37亿元，同比下降41.18%。净利润1.26亿元，同 比下降24.89%。 ...

Core Points - The Shanghai Composite Index opened high and the CSI All Retail Index reported at 2456.24 points [1] Group 1: Index Performance - The CSI All Retail Index has decreased by 1.82% over the past month, increased by 7.68% over the past three months, and has declined by 4.78% year-to-date [2] - The index is designed to reflect the overall performance of different industry companies within the CSI All Index, categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [2] Group 2: Index Composition - The top ten weights in the CSI All Retail Index are: Yonghui Supermarket (10.98%), China Duty Free Group (9.78%), Digital China (8.64%), Wangfujing (5.27%), Kidswant (4.25%), Aishide (3.57%), Bailian Group (3.23%), Nanjing E-commerce (3.07%), Chongqing Department Store (3.03%), and Tianyin Holdings (2.81%) [2] - The market share of the CSI All Retail Index is composed of 50.64% from the Shenzhen Stock Exchange and 49.36% from the Shanghai Stock Exchange [2] Group 3: Industry Breakdown - The composition of the CSI All Retail Index by industry shows that general retail accounts for 49.17%, specialty retail for 26.73%, internet retail for 14.31%, and travel retail for 9.78% [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December [3] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the CSI All Index samples [3]

证券代码：002416 证券简称：爱施德 公告编号：2025-008 深圳市爱施德股份有限公司 关于公司股东股份解除质押的公告 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。 深圳市爱施德股份有限公司（以下简称"公司"）于 2025 年 4 月 2 日接到公司股东深 圳市神州通投资集团有限公司（以下简称"神州通投资"）的通知，神州通投资将其持有的 公司部分股份进行了解除质押，具体事项如下： 一、股东股份解除质押基本情况 | 股东 | 是否为控股股 东或第一大股 | 本次解除 质押数量 | 占其所持 股份比例 | 占公司 总股本 | 质押 | 质押 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 东及其一致行 动人 | （股） | （%） | 比例 （%） | 起始日 | 解除日 | | | | 深圳市神州通投 | 是 | 15,500,000 | 3.17 | 1.25 | 2024 年 4 月 | 2025 年 | 4 月 | 中泰证券股 | | 资集团有限公司 ...

该基金总规模 5 亿元，将重点投向智慧终端、人工智能、低空经济等战略性新兴领域。借助深智城产投 的产业协同优势，以及爱施德在数字化销售网络方面的深厚积累，双方将对产业链上下游的优质企业开 展投资整合，全力推动技术创新与产业升级。 发挥协同效应，实现产业资源深度融合 在资本市场改革浪潮与产业升级的迫切需求双重推动下，4 月 1 日，"并购潮涌湾区创新聚势龙岗" 产融 共建并购重组生态大会在深圳龙岗盛大举行。此次大会在深圳证监局、市委金融办的指导下，吸引了众 多行业领军企业与金融机构参与。 深圳市爱施德股份有限公司（002416）作为数字化分销和零售服务领域的头部企业，在大会期间与深圳 市龙岗区发展和改革局正式签署战略合作框架协议。此举不仅为双方的合作奠定了坚实的基础，也为爱 施德旗下深圳爱施德智城产业投资并购基金的运营，营造了有利的发展环境。 自 1998 年成立以来，爱施德凭借前瞻性的战略眼光与高效的运营管理，逐步成长为行业标杆。公司连 续多年荣登《财富》中国 500 强、中国民营企业 500 强榜单，业务广泛覆盖数字化智慧分销、零售及其 他数字化创新领域。作为苹果、荣耀、三星等知名手机品牌的全国一级经销商公 ...

Group 1 - The Shanghai Composite Index decreased by 0.46%, while the CSI All Retail Index reported at 6216.02 points [1] - The CSI All Retail Index has declined by 7.06% over the past month, 2.45% over the past three months, and 3.13% year-to-date [2] - The CSI All Retail Index is composed of various industry classifications, including 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [2] Group 2 - The top ten weighted stocks in the CSI All Retail Index are: Shenzhou Digital (18.78%), Kidswant (15.07%), Jiangsu Guotai (14.06%), Aishide (13.02%), Tianyin Holdings (12.61%), Doctor Glasses (9.08%), Yimin Group (5.87%), Huazhi Wine (3.95%), Aiyingshi (3.18%), and Sanfu Outdoor (2.64%) [2] - The market share of the CSI All Retail Index holdings is predominantly from the Shenzhen Stock Exchange at 90.96%, while the Shanghai Stock Exchange accounts for 9.04% [2] - The CSI All Retail Index is exclusively composed of retail companies, with a 100% allocation to the retail sector [2]

Investment Rating - The report does not explicitly provide an investment rating for the industry or the specific company [1]. Core Insights - The company, Aishide, is a leading digital smart distribution and retail service provider in the commercial retail sector, focusing on mobile smart terminals, 3C digital products, and consumer goods sales services [19]. - The company has established long-term strategic partnerships with numerous top brands and is enhancing its operational efficiency through digitalization and smart capabilities [19]. - Aishide is responding to national policies aimed at boosting consumer spending and innovation, particularly in the mobile distribution sector [20][21]. - The company has a significant role in the distribution of Apple products in China, managing a large network of authorized stores and providing extensive after-sales services [22]. - Aishide's partnership with Honor is expected to yield substantial growth opportunities following Honor's transition to a public company [23]. Summary by Sections 1. Basic Research Information - The research was conducted on February 27, 2025, focusing on the commercial retail industry, specifically Aishide [13]. 2. Detailed Research Institutions - Various investment and asset management firms participated in the research, including Haichuang Private Equity, Shanghai Jianshun Investment, and CITIC Asset Management [14][15]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of research institutions involved [17]. 4. Main Content Information - Aishide's projected performance for 2024 includes an expected revenue of 57.458 billion yuan, operating profit of 0.809 billion yuan, and net profit attributable to shareholders of 0.525 billion yuan [19]. - The company is actively optimizing its business structure and focusing on core operations to enhance efficiency and competitiveness [19]. - Aishide is establishing an investment fund focused on technology sectors, leveraging its strengths in digital sales channels [21].

Group 1: Company Overview - Aishide was established in June 1998 and listed on the Shenzhen Stock Exchange on May 28, 2010 [2] - The company is a leading provider of digital smart distribution and retail services, focusing on mobile smart terminals and related products [3] Group 2: Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 57.458 billion CNY, with an operating profit of 0.809 billion CNY and a net profit attributable to shareholders of 0.525 billion CNY [3] - The company has optimized low-efficiency businesses and adjusted its structure to focus on core operations, enhancing operational efficiency [3] Group 3: Market Opportunities - The government plans to issue 1.3 trillion CNY in long-term special bonds, with 300 billion CNY allocated for consumer upgrades, which Aishide aims to leverage [3] - The company is investing in a fund focused on smart terminals, AI, and low-altitude economy sectors, enhancing its capabilities in technology integration [3] Group 4: Strategic Partnerships - Aishide holds agency rights for multiple Apple product series, including iPads, and operates 149 Coodoo Apple premium dealer stores and over 3,000 authorized outlets [4] - The company is a strategic partner of Honor, having invested 660 million CNY in its acquisition, and anticipates growth from Honor's upcoming IPO [4] Group 5: Shareholder Returns - Aishide has maintained a consistent dividend policy, distributing over 3 billion CNY in dividends over the past eight years [4]

证券代码：002416 证券简称：爱施德 公告编号：2025-006 深圳市爱施德股份有限公司 关于公司股东股份解除质押的公告 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。 深圳市爱施德股份有限公司（以下简称"公司"）于 2025 年 3 月 7 日接到公司股东深 圳市神州通投资集团有限公司（以下简称"神州通投资"）的通知，神州通投资将其持有的 公司部分股份进行了解除质押，具体事项如下： 一、股东股份解除质押基本情况 | 股东 | 是否为控股股东 或第一大股东及 | 本次解除 质押数量 | 占其所持 股份比例 | 占公司 总股本 | 质押 | | 质押 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 其一致行动人 | （股） | （%） | 比例 | 起始日 | | 解除日 | | | | | | | | （%） | | | | | | | 深圳市神州通投 | 是 | 14,210,000 | 2.90 | 1.15 | 2024 年 3 | 月 | ...