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 | ...

证券代码：002416 证券简称：爱施德 公告编号：2025-005 深圳市爱施德股份有限公司 关于与专业投资机构共同投资设立合伙企业的进展公告 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。 一、对外投资概述 深圳市爱施德股份有限公司（以下简称"公司"）于 2025 年 1 月 14 日召开第六 届董事会第十六次（临时）会议、第六届监事会第十六次（临时）会议，审议通过了 《关于与专业投资机构共同投资设立合伙企业的议案》，公司同意通过全资子公司深 圳市爱施德科创控股有限公司（以下简称"爱施德科创"）和深圳市爱享投资有限公 司（以下简称"爱享投资"）与深圳市智慧城市产投私募基金管理有限公司（以下简 称"深智城产投"）共同投资设立深圳爱施德智城产业投资并购合伙企业（有限合伙）。 本次合伙企业各个合伙人总认缴出资额为人民币 5 亿元，爱施德科创与爱享投资合计 认缴 4.9 亿元，其中爱施德科创认缴 4.89 亿元，爱享投资认缴 100 万元；深智城产投 认缴 1000 万元。主要投资领域为智慧终端、人工智能和低空经济等产业链上下游。普 通合伙人深智城产投和爱享投资为 ...

Group 1 - A new company, Hangzhou Aishide Electronic Technology Co., Ltd., has been established with a registered capital of 1 million yuan [1] - The legal representative of the company is Wu Lei [1] - The business scope includes personal business services, wholesale and retail of computer hardware and software, and auxiliary equipment [1] Group 2 - Aishide holds 100% ownership of the newly established company [1]

Group 1: Company Overview - Aishide Co., Ltd. was established in June 1998 and listed on the Shenzhen Stock Exchange on May 28, 2010 [3] - The company is a leading provider of digital smart distribution and retail services, focusing on mobile smart terminals, 3C digital products, and value-added services [3] Group 2: Market Impact and Policies - During the Spring Festival (January 28 - February 4, 2025), the nationwide trade-in program resulted in sales of 8.6 million units and revenue exceeding 31 billion yuan, with significant year-on-year growth of approximately 166% for home appliances and 182% for mobile phones [3] - The company actively responds to national and local subsidy policies to enhance consumer purchasing enthusiasm [3] Group 3: Dividend Policy - Aishide has maintained a consistent dividend policy, distributing over 3 billion yuan cumulatively over the past 8 years [3] - The company plans to distribute at least 30% of the average distributable profit over any three consecutive years in cash, as outlined in its shareholder return plan for 2023-2025 [3] Group 4: Strategic Growth Initiatives - In January 2025, Aishide signed a partnership agreement to establish a new investment and acquisition partnership with a total subscription amount of 500 million yuan, focusing on smart terminals, artificial intelligence, and low-altitude economy [4] - The company is a retail service provider for the Honor brand and participated in a joint acquisition of 660 million yuan in 2020, anticipating significant growth from Honor's upcoming IPO [4]