关于选聘公司2024年度审计机构的公告 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。 特别提示： 1、拟聘任会计师事务所名称：中审众环会计师事务所（特殊普通合伙） 2、原聘任会计师事务所名称：亚太（集团）会计师事务所（特殊普通合伙） 3、变更原因：鉴于亚太（集团）会计师事务所（特殊普通合伙）已连续 5 年为公 司提供审计服务，公司根据有关规定及现有业务状况、发展需求及整体审计需要，拟 聘任中审众环会计师事务所（特殊普通合伙）为公司 2024 年度财务报告和内部控制审 计机构，公司与前任会计师事务所已进行充分沟通不存在意见分歧。 4、本次选聘会计师事务所事项符合财政部、国务院国资委、证监会印发的《国有 企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）《深圳市爱施德股 份有限公司章程》及《深圳市爱施德股份有限公司会计师事务所选聘制度》等有关规 定。公司审计委员会、董事会、监事会对本次选聘会计师事务所事项无异议。本次选 聘会计师事务所事项尚需提交公司股东会审议。 公司于 2024 年 10 月 24 日召开第六届董事会第十四次（临时）会议及第六届 ...

证券代码：002416 证券简称：爱施德 公告编号：2024-035 深圳市爱施德股份有限公司 第六届监事会第十四次（临时）会议决议公告 本公司及监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。 《2024 年第三季度报告》详见公司指定信息披露媒体《中国证券报》《证券时 报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn）。 二、审议通过了《关于选聘公司 2024 年度审计机构的议案》 监事会认为，中审众环会计师事务所（特殊普通合伙）具有开展上市公司审计 工作的专业胜任能力、投资者保护能力、诚信状况及独立性，能够满足公司建立健 全内部控制以及财务审计工作的要求。公司聘任年度审计机构的决策程序和表决结 果等事项符合相关法律法规及《公司章程》的有关规定，不存在损害公司及全体股 1 / 2 深圳市爱施德股份有限公司（以下简称"公司"）第六届监事会第十四次（临 时）会议通知于 2024 年 10 月 18 日以电子邮件及通讯方式送达全体监事，以现场方 式于 2024 年 10 月 24 日上午在公司深圳总部 18 层 A 会议室召开了本次会议。本次 会议应出席监 ...

证券代码：002416 证券简称：爱施德 公告编号：2024-034 深圳市爱施德股份有限公司 第六届董事会第十四次（临时）会议决议公告 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"）第六届董事会第十四次（临时） 会议通知于 2024 年 10 月 18 日以电子邮件及通讯方式送达全体董事，以现场、通讯方 式于 2024 年 10 月 24 日上午在公司深圳总部 18 层 A 会议室及北京总部 5 层中会议室 召开了本次会议。本次会议应出席董事 7 名，实际出席董事 7 名，其中董事黄文辉先 生、周友盟女士、喻子达先生、独立董事吕良彪先生、葛俊先生出席现场会议，董事 黄绍武先生、独立董事张蕊女士以通讯方式参会并进行表决。公司高级管理人员、监 事列席了本次会议。本次会议的出席人数、召集、召开程序和议事内容均符合《中华 人民共和国公司法》和《公司章程》的规定。 本次会议由董事长黄文辉先生召集并主持。经与会董事投票表决，做出如下决议： 一、审议通过了《2024 年第三季度报告》 表决结果：同意 7 票，反对 0 票，弃权 ...

Financial Performance - The company's revenue for Q3 2024 was ¥18,610,912,526.43, representing a decrease of 19.01% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥129,504,160.85, down 34.50% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥127,168,005.40, a decrease of 20.03% compared to the previous year[2]. - Total operating revenue for the current period is ¥57,458,388,237.18, a decrease of 17.3% compared to ¥69,525,778,866.84 in the previous period[18]. - Net profit for the current period is ¥575,300,186.67, down from ¥623,071,489.17, reflecting a decline of 7.7%[19]. - The company’s total profit for the current period is ¥809,614,692.54, compared to ¥823,601,839.84 in the previous period, a decrease of 1.1%[19]. - The company’s total comprehensive income for the current period is ¥572,694,353.43, down from ¥633,717,865.65, reflecting a decline of 9.6%[19]. Cash Flow - The company's cash flow from operating activities showed a significant decline of 66.63%, totaling ¥1,178,585,338.75[6]. - Cash inflow from financing activities totaled CNY 7,535,402,106.52, an increase of 11.3% compared to CNY 6,768,089,285.20 in the previous year[22]. - Net cash flow from financing activities was CNY 504,952,746.96, a significant recovery from a negative CNY 1,433,886,959.70 in the same period last year[22]. - The cash and cash equivalents at the end of the period reached CNY 3,949,345,101.82, up from CNY 3,147,837,934.07 year-over-year[22]. - The net increase in cash and cash equivalents for the period was CNY 1,736,442,962.28, compared to CNY 1,991,155,091.85 in the same period last year[22]. - The impact of exchange rate changes on cash and cash equivalents was CNY 64,549,011.18, compared to CNY 6,400,989.50 in the previous year[22]. Assets and Liabilities - Total assets increased to ¥15,547,199,462.31, reflecting a growth of 24.81% from the end of the previous year[2]. - Total liabilities increased to CNY 9.20 billion in Q3 2024, up from CNY 6.07 billion in Q3 2023, reflecting a growth of approximately 51.5%[15]. - Short-term borrowings surged to CNY 4.82 billion, compared to CNY 3.34 billion in the previous year, indicating a rise of around 44.2%[15]. - The total liabilities to equity ratio increased, indicating a higher leverage position for the company in Q3 2024 compared to the previous year[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,111[8]. - Shenzhen Shenzhou Tong Investment Group holds 39.50% of shares, amounting to 489,464,303 shares, with 156,620,000 shares pledged[8]. - The second-largest shareholder, Ganjian New District Global Star Investment Management, holds 4.36% of shares, totaling 54,000,000 shares, with 25,900,000 shares pledged[8]. - The third-largest shareholder, Xinyu Global Star Investment Management, holds 4.21% of shares, amounting to 52,128,000 shares, with 26,000,000 shares pledged[8]. - Huang Shaowu, a natural person, holds 1.16% of shares, totaling 14,362,431 shares, with 10,771,823 shares pledged[8]. - The report indicates that the top ten shareholders have undergone changes due to margin trading activities[9]. - The total number of preferred shareholders with restored voting rights is not specified, but the company is actively managing its shareholder structure[11]. - The company’s stock has seen significant participation in margin trading, with several major shareholders involved[10]. Investments and Subsidiaries - The company’s subsidiary, Youyou Interconnect, has been approved for listing on the New Third Board and is set to issue shares to unspecified qualified investors[12]. - The company has signed a guidance agreement with China Merchants Securities for the public issuance of shares and listing on the Beijing Stock Exchange[12]. Expenses - The company reported a total operating cost of ¥56,741,747,446.00, down 17.4% from ¥68,755,765,654.27 in the previous period[18]. - Research and development expenses decreased to ¥19,543,705.85 from ¥22,739,545.59, a reduction of 14.3%[18]. Earnings Per Share - The basic earnings per share for the period was ¥0.1045, down 34.52% year-on-year[2]. - The diluted earnings per share remained at ¥0.4236, consistent with the previous year[3]. - Basic earnings per share for the current period is ¥0.4236, slightly up from ¥0.4171 in the previous period[19]. Accounting and Auditing - The company has not undergone an audit for the third quarter report[23]. - The report indicates the implementation of new accounting standards starting from 2024[22].

Investment Rating and Core Views - The report assigns a "Buy" rating to Aishide (002416 SZ) with a target price of 10 76 RMB per share based on a 24-year PE multiple of 18x [2][4] - Aishide is a leading digital smart distribution and retail service provider in China, focusing on mobile smart terminals, 3C digital products, communication and value-added services, new energy vehicles, and fast-moving consumer goods [2] - The company benefits from the recovery in consumer electronics demand, the rise of high-end smartphones, and the potential of new product categories like foldable and AI-powered phones [2] Business Overview and Competitive Advantages - Aishide operates over 3,100 Apple-authorized stores and 186 self-operated APR stores, with a 25% YoY growth in self-operated APR stores and a 60% YoY increase in Coodoo online sales [2] - The company is the largest service provider for Apple in China and the largest shareholder among channel partners for Honor, with a 11% YoY growth in Honor's digital series product coverage [2] - Aishide has a stable and high-barrier-to-entry agent market, with a strong service capability that further consolidates its competitive advantage [2] Financial Performance and Projections - Revenue is projected to grow from 96 214 million RMB in 2024E to 110 466 million RMB in 2026E, with a CAGR of 4 4% to 6 8% [3] - Net profit attributable to shareholders is expected to increase from 741 million RMB in 2024E to 923 million RMB in 2026E, with a CAGR of 11 4% to 13 1% [3] - EPS is forecasted to rise from 0 60 RMB in 2024E to 0 75 RMB in 2026E, with a PE ratio decreasing from 17 33x in 2024E to 13 90x in 2026E [3] Industry Trends and Market Dynamics - The global smartphone market is recovering, with shipments expected to grow by 5% in 2024 and a CAGR of 2% from 2024 to 2028 [34][35] - The Chinese smartphone market is also rebounding, with a 9 6% YoY growth in Q2 2024, driven by the recovery in consumer demand and the rise of high-end smartphones [35][36] - The market is shifting towards a "funnel structure," with increasing demand for both high-end (>600 USD) and low-end (<200 USD) smartphones, while the mid-range segment (200-600 USD) is shrinking [41][42] Strategic Initiatives and Future Growth Drivers - Aishide is expanding its comprehensive operation services and incubating its own brands in 3C digital and FMCG sectors, extending into high-growth industries like new energy batteries, tea beverages, and smart health [2] - The company is well-positioned to benefit from the high-end smartphone trend, with Apple and Huawei dominating the >600 USD market segment, accounting for over 80% of the market share [57] - The rise of foldable and AI-powered smartphones is expected to drive a new wave of device upgrades, with Apple leading the AI smartphone market with a 51% global market share in Q2 2024 [63][64]

| 股东 | 是否为控 股股东或 | 本次解除 | 占其所持 | 占公司 总股本 | 质押 | 质押 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 第一大股 | 质押数量 | 股份比例 | | | | 质权人 | | 名称 | 东及其一 | （股） | （%） | 比例 | 起始日 | 解除日 | | | | | | | （%） | | | | | | 致行动人 | | | | | | | | 深圳市神州 | | | | | 年 月 | | 珠海华润 银行股份 | | 通投资集团 | 是 | 13,180,000 | 2.69 | 1.06 | 2024 4 | 2024年10月 | | | 有限公司 | | | | | 日 1 | 日 9 | 有限公司 | | | | | | | | | 深圳分行 | 二、股东股份质押基本情况 | | 是否为控 | 本次 | 占其所 | 占公 | | 是否 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Investment Rating - The report maintains a "Buy" rating for the company [1][2] Core Insights - The company achieved a revenue of 38.847 billion yuan in the first half of 2024, a year-on-year decrease of 16.54%. However, the net profit attributable to shareholders increased by 23.92% to 0.395 billion yuan, indicating improved profitability despite the revenue decline [1] - The digital smart retail business showed strong performance, contributing significantly to profit growth [1] - The company is expanding its global sales service network, with a presence in 32 provincial regions and branches in key countries such as Hong Kong, Thailand, and Vietnam [1] - The company is committed to innovation and is actively exploring new business areas, including the development of its own brands and new energy battery brands [1] Financial Summary - Revenue projections for 2024-2026 are 96.752 billion, 104.086 billion, and 111.196 billion yuan, respectively, with corresponding EPS of 0.59, 0.67, and 0.75 yuan [2] - The current price-to-earnings (PE) ratios are projected to be 16, 14, and 12 times for the years 2024, 2025, and 2026, respectively [2] - The company is expected to maintain a steady growth rate in revenue and net profit over the next few years, with net profit growth rates of 12.3%, 12.6%, and 11.9% for 2024, 2025, and 2026, respectively [4]

证券代码：002416 证券简称：爱施德 公告编号：2024-032 深圳市爱施德股份有限公司（以下简称"公司"）于 2024 年 9 月 6 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 部分股份进行了质押延期，具体事项如下： | 股东 | 是否为控 股股东或 | 本次 质押延期 | 占其所 持股份 | 占公司 总股本 | 是 否 为 | 是否 为补 | | | 原质押 | | 延期后质 | 质权 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 第一大股 | | | | | | 质押起始日 | | | | | | | | 名称 | | 数量 | 比例 | 比例 | 限 | 充质 | | 到期日 | | | 押到期日 | 人 | 用途 | | | 东及其一 致行动人 | （股） | （%） | （%） | 售 股 | 押 | | | | | | | | | 深圳 | | | | | | | | | | | | ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price indicating a potential upside of over 20% within the next six months [5]. Core Insights - The company reported a significant year-on-year increase in net profit for the first half of 2024, achieving a net profit of 395 million yuan, up 23.92% compared to the previous year, despite a decline in revenue [1][2]. - The company's digital distribution and retail businesses have shown improved profitability, attributed to enhanced operational efficiency and a focus on digital transformation [2]. - The company is expanding its self-owned brands and exploring overseas markets, which are expected to contribute to future growth [3]. Financial Performance Summary - For 2024H1, the company achieved operating revenue of 38.847 billion yuan, a decrease of 16.54% year-on-year, while the net profit attributable to shareholders was 395 million yuan, reflecting a 23.92% increase [1]. - The digital distribution segment generated revenue of 24.964 billion yuan, down 17.65% year-on-year, but with a gross margin improvement of 1.23 percentage points [2]. - The digital retail segment reported revenue of 13.724 billion yuan, a decline of 14.63% year-on-year, with a gross margin increase of 0.34 percentage points [2]. Future Projections - The company forecasts operating revenues of 99.456 billion yuan, 107.861 billion yuan, and 116.088 billion yuan for 2024, 2025, and 2026 respectively, with net profits projected at 709.90 million yuan, 821.10 million yuan, and 973.89 million yuan for the same years [3][4]. - The expected price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are 16.81x, 14.53x, and 12.25x respectively [3]. Operational Efficiency - The company has implemented a "streamlined operations" strategy, resulting in a significant reduction in asset impairment losses by 88.75% year-on-year, which has enhanced asset vitality [2]. - The number of authorized Apple retail outlets and self-operated stores has increased, contributing to a robust distribution network that supports future revenue growth [2]. Market Position - The company is positioned as a key strategic partner for the Honor brand, which is expected to benefit from the upcoming IPO, potentially enhancing dividend income and shareholder value [3]. - The company has established a comprehensive distribution network with over 100,000 stores across various channels, reinforcing its market presence [2].

深圳市爱施德股份有限公司 投资者关系活动记录表 编号：2024-006 | --- | --- | --- | |------------------|----------------------------------------------|--------------------------------------------------------------| | | √特定对象调研 □ | 分析师会议 | | 投资者关系 | □媒体采访 □ | 业绩说明会 | | 活动类别 | □新闻发布会 □□现场参观 □ | 路演活动其他（请文字说明其他活动内容） | | 上市公司 | 副总裁兼董事会秘书吴海南先生 | | | | 投资者关系经理陈菲菲女士 | | | 接待人员 | | | | | 申万宏源证券—赵令伊 | | | | 南方基金—王士聪 | 韩毓 | | 活动参与人员 | 宝盈基金—周佳莹摩根史丹利基金—隋思誉、李子扬 | | | （排名不分先后） | 大成基金—方向 | | | | 国联基金—陈方园 | | | | 德邦资管—甘华 | | | 时间 | 2024 年 8 月 27 日 | | ...