Core Viewpoint - The company Aishide (002416) is actively pursuing investment opportunities in quality IPO candidates, focusing on its main business synergy, market environment, and investment returns [1] Group 1 - Aishide's subsidiary Youyou Internet and indirectly held Honor Terminal are currently in the IPO guidance period [1] - The company is also involved with the fund-backed Hangzhou Yunshen Technology, which is in a similar stage [1] - Aishide plans to continue monitoring and evaluating potential IPO investment opportunities [1]

本报讯 （记者丁蓉）12月26日，由《证券日报》社有限责任公司举办的"2025证券市场年会"在北京香 格里拉饭店圆满落幕。当晚，年会举办了"2025金骏马奖颁奖典礼"，对推动资本市场健康发展作出突出 贡献的机构与个人予以表彰。深圳市爱施德（002416）股份有限公司（以下简称"爱施德"）凭借扎实的 全球业务布局、领先的行业运营能力及突出的品牌影响力，斩获"金骏马最具全球影响力企业奖"，这是 对公司全球化战略落地成效与综合实力的高度认可。 金骏马奖评选始于2004年，迄今已至第十七届，已成为资本市场极具公信力的权威奖项。"最具全球影 响力企业奖"重点考量企业全球市场份额、本地化运营能力及品牌跨文化认可度等核心指标。爱施德凭 借稳健的全球业务表现与清晰的战略布局，从众多参评企业中脱颖而出。 这份荣誉的背后，是爱施德深耕行业20余载的坚守与深耕。作为国内领先的数字化智慧分销和零售服务 商，爱施德始终以"创造价值"为核心，构建了覆盖T1至T6市场、线上线下（300959）全渠道的全球化 销售服务网络，搭建多品牌海外落地与供应链服务平台，快速响应全球市场需求。2025年上半年，公司 海外销售收入同比增长30%，助力荣耀 ...

Core Viewpoint - Aishide's stock price has shown volatility, with a year-to-date decline of 21.12%, but a recent uptick in the last five trading days indicates potential recovery [1][2]. Group 1: Stock Performance - As of December 29, Aishide's stock price increased by 2.30% to 12.44 CNY per share, with a trading volume of 1.38 billion CNY and a market capitalization of 154.17 billion CNY [1]. - The stock has experienced a net inflow of 863.91 million CNY from major funds, with significant buying activity from large orders [1]. - Year-to-date, Aishide's stock has seen a decline of 21.12%, but it has gained 3.84% in the last five trading days and 6.69% over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Aishide reported a revenue of 393.25 billion CNY, a year-on-year decrease of 31.46%, and a net profit attributable to shareholders of 3.37 billion CNY, down 35.78% year-on-year [2]. - The company has distributed a total of 40.45 billion CNY in dividends since its A-share listing, with 17.35 billion CNY distributed in the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Aishide had 76,200 shareholders, a decrease of 11.10% from the previous period, with an average of 16,070 shares held per shareholder, an increase of 12.49% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 6.36 million shares, and several ETFs with varying changes in their holdings [3].

Market Overview - The professional chain sector experienced a decline of 0.77% on December 26, with Huazhi Wine leading the drop [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Individual Stock Performance - The closing prices and changes for key stocks in the professional chain sector are as follows: - Yanshida (002416): Closed at 12.16, up 0.33% with a trading volume of 184,100 shares and a turnover of 225 million yuan [1] - Haiziwang (301078): Closed at 10.52, down 0.47% with a trading volume of 506,700 shares and a turnover of 53.7 million yuan [1] - Doctor's Eye (300622): Closed at 30.36, down 0.59% with a trading volume of 115,600 shares and a turnover of 35 million yuan [1] - Jifeng Technology (300022): Closed at 7.77, down 1.15% with a trading volume of 77,400 shares and a turnover of 60.24 million yuan [1] - Tianyin Holdings (000829): Closed at 10.57, down 1.31% with a trading volume of 219,200 shares and a turnover of 233 million yuan [1] - Aiyingshi (603214): Closed at 17.16, down 1.61% with a trading volume of 56,300 shares and a turnover of 97.34 million yuan [1] - Huazhi Wine (300755): Closed at 18.25, down 2.25% with a trading volume of 56,200 shares and a turnover of 103 million yuan [1] Capital Flow Analysis - The professional chain sector saw a net outflow of 115 million yuan from institutional investors, while retail investors had a net inflow of 146 million yuan [1] - The capital flow for individual stocks is as follows: - Yanshida (002416): Net outflow of 14.14 million yuan from institutional investors, with a retail net inflow of 478,210 yuan [2] - Jifeng Technology (300022): Net outflow of 4.13 million yuan from institutional investors, with a retail net inflow of 156,200 yuan [2] - Huazhi Wine (300755): Net outflow of 8.01 million yuan from institutional investors, with a retail net inflow of 712,800 yuan [2] - Doctor's Eye (300622): Net outflow of 9.61 million yuan from institutional investors, with a retail net inflow of 2.67 million yuan [2] - Aiyingshi (603214): Net outflow of 15.54 million yuan from institutional investors, with a retail net inflow of 1.51 million yuan [2] - Haiziwang (301078): Net outflow of 38.17 million yuan from institutional investors, with a retail net inflow of 5.78 million yuan [2] - Tianyin Holdings (000829): Net outflow of 53.29 million yuan from institutional investors, with a retail net inflow of 44.22 million yuan [2]

关于深圳市爱施德股份有限公司 2025 年第三次临时股东会的 法律意见书 国枫律股字[2025]C0153 号 致：深圳市爱施德股份有限公司（贵公司） 深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 北京国枫（深圳）律师事务所 北京国枫（深圳）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2025 年第三次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称《公司法》）《中华人民共和 国证券法》（以下简称《证券法》）《上市公司股东会规则》（以下简称《股东会规则》） 《律师事务所从事证券法律业务管理办法》（以下简称《证券法律业务管理办法》）《律 师事务所证券法律业务执业规则（试行）》（以下简称《证券法律业务执业规则》）等 相关法律、行政法规、规章、规范性文件及《深圳市爱施德股份有限公司章程》（以下 简称《公司章程》）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人 员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所 ...

证券代码：002416 证券简称：爱施德 公告编号：2025-068 深圳市爱施德股份有限公司 2025年第三次临时股东会决议公告 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。 特别提示： 1、本次股东会没有出现否决提案的情形； 2、本次股东会没有涉及变更以往股东会已通过的决议； 3、本公告中占公司有表决权股份总数的百分比例均保留4位小数，若其各分项数值 之和与合计数值存在尾差，均为四舍五入原因造成。 一、会议召开情况 1、会议召开时间： （2）网络投票时间为：2025年12月24日，其中通过深圳证券交易所交易系统投票 的时间为：2025年12月24日上午9:15-9:25，9:30-11:30，下午13:00-15:00；通过深圳证 券交易所互联网投票系统投票的时间为：2025年12月24日上午09:15至下午15:00期间的 任意时间。 2、现场会议召开地点：深圳市南山区科发路 83 号南山金融大厦 18 层深圳市爱施 德股份有限公司 A 会议室。 3、表决方式：现场表决与网络投票相结合的方式 4、召集人：公司董事会 5、主持人：副董事长周友盟女士 6、 ...

Group 1: Allocation Demand in Low-Interest Rate Environment - The demand for dividend-related assets is expected to continue increasing, driven by the need for stable cash returns in a low-interest rate and asset scarcity environment [4][9]. - As of December 17, 2025, the tracking scale of dividend index ETFs approached 200 billion, while cash flow-related products reached 24.8 billion since their issuance in February of the same year [9]. Group 2: Comparison of Dividend and Free Cash Flow Indices - The report outlines the selection rules for the CSI Dividend Index and the National Index Free Cash Flow, emphasizing liquidity and consistent dividend payments over the past three years [12]. - The performance comparison shows that both dividend and cash flow indices outperformed the overall market during periods of market downturns, indicating their defensive characteristics [15]. Group 3: Relationship Between Dividend Capability and Willingness - There is a significant positive correlation between dividend yield and free cash flow, indicating that companies with high cash flow are more willing to distribute dividends [51]. - The analysis shows that companies with a history of consistent dividends and strong cash flow tend to have more stable and superior long-term stock price performance [59]. Group 4: "High-Yield Cash Cow" Strategy Construction - The "High-Yield Cash Cow" strategy involves selecting stocks based on high free cash flow rates and consistent dividend payments, excluding financial and real estate sectors [59]. - The strategy has shown strong performance, with the "Cash Cow 50 High Yield 30" combination achieving an annualized return of 25.9% since 2014, outperforming the CSI Dividend Index by 13.5% [62].

深圳市爱施德股份有限公司（以下简称"公司"）于 2025 年 12 月 19 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 | | 动人 | （股） | （%） | （%） | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 名称 深圳市神州通投 资集团有限公司 | 是否为控股股 东或第一大股 东及其一致行 是 | 本次解除 质押数量 5,600,000 | 占其所持 股份比例 1.14 | 占公司 总股本 比例 0.45 | 质押 起始日 2024 年 月 日 12 18 | 质押 解除日 2025 年 月 日 12 18 | 质权人 招商银行股份 有限公司深圳 分行 | 证券代码：002416 证券简称：爱施德 公告编号：2025-067 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。 二、股东股份累 ...

Core Viewpoint - Shenzhen Aishide Co., Ltd. announced the release of 5,600,000 shares from pledge by its shareholder, Shenzhen Shenzhoutong Investment Group Co., Ltd., which represents 1.14% of its holdings and 0.45% of the company's total share capital [1] Summary by Categories Share Pledge - Shenzhen Shenzhoutong Investment Group Co., Ltd. has released 5,600,000 shares from pledge, which is 1.14% of its total holdings [1] - After this release, the total number of pledged shares by Shenzhoutong Investment amounts to 88,920,000 shares, representing 18.17% of its holdings [1]

Core Viewpoint - The company is actively engaging in the AI sector by establishing partnerships and funds to enhance its capabilities and investment opportunities in artificial intelligence [1] Group 1: Company Initiatives - The company has formed a joint venture with Shanghai Xiaoyi Technology to establish Aishide Intelligent Computing Technology Company, focusing on intelligent computing clusters and AI solutions [1] - The company is leveraging both parties' channel and technological advantages to facilitate the implementation of AI [1] Group 2: Investment Strategies - The company has co-established the Aishide Smart City Fund with Deep Intelligence City Investment, targeting investments in the upstream and downstream of the artificial intelligence industry chain [1] - The company plans to steadily advance fund investment operations and project implementations according to its established plans [1] Group 3: Market Awareness - The company will closely monitor market and policy changes to actively explore development opportunities [1]