Group 1 - The core viewpoint of the article is that Pleide's lithium battery tool 5G factory has been officially recognized by the Ministry of Industry and Information Technology, marking a significant achievement in digital transformation and a model for the manufacturing industry's upgrade in Zhejiang Province [1][2] - The 5G factory concept involves utilizing advanced information and communication technologies to create a new industrial internet infrastructure, enhancing production connectivity and data utilization [1] - Pleide's 5G factory aims to address the challenges of traditional production modes in the electric tool industry, focusing on advanced manufacturing, data-driven processes, and business collaboration [2] Group 2 - The factory integrates advanced manufacturing technologies such as CNC equipment, automation lines, industrial robots, and smart warehousing to achieve automated and less labor-intensive production [2] - It incorporates IoT and 5G communication technologies along with various management systems for comprehensive control and visualization of the entire business process [2] - Pleide plans to continue advancing its industrial internet system centered around 5G technology, expanding its application in electric tool manufacturing and promoting green production and smart manufacturing [2]

| （2）发表非同意意见所涉问题及结论意见 | 无 | | --- | --- | | 7.向本所报告情况（现场检查报告除外） | | | （1）向本所报告的次数 | 次 0 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8．关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 无 | | （2）关注事项的主要内容 | 不适用 | | （3）关注事项的进展或者整改情况 | 不适用 | | 9.保荐业务工作底稿记录、保管是否合规 | 是 | | 10.对上市公司培训情况 | | | （1）培训次数 | 次 0 | | （2）培训日期 | 不适用 | | （3）培训的主要内容 | 不适用 | | 11.上市公司特别表决权事项（如有） | 不适用 | | （1）持有特别表决权股份的股东是否持续符 | 不适用 | | 合《创业板股票上市规则》第4.4.3条的要求 | | | （2）特别表决权股份是否出现《创业板股票 | 不适用 | | 上市规则》第4.4.8条规定的情形并及时转换 | | | 为普通股份 | | | （3）特别表决权比例是否持续 ...

Core Viewpoint - The company, Zhejiang Pulaide Electric Co., Ltd., has shown positive growth in revenue and net profit, benefiting from its specialization in electric tools and cross-border e-commerce, while also being recognized as a "specialized and innovative" small giant enterprise [2][6]. Group 1: Company Performance - As of June 30, 2025, the company achieved a revenue of 461 million yuan, representing a year-on-year growth of 11.98% [6]. - The net profit attributable to shareholders for the same period was 45.65 million yuan, with a year-on-year increase of 14.23% [6]. - The company has a total market capitalization of 2.541 billion yuan, with a trading volume of 29.17 million yuan and a turnover rate of 3.56% [1]. Group 2: Market Position and Recognition - The company has been included in the Ministry of Industry and Information Technology's list of national-level specialized and innovative small giant enterprises, highlighting its strong innovation capabilities and market share [2]. - The company has established its own brand flagship stores on platforms like Amazon, eBay, Taobao, and Tmall, covering overseas markets in North America and Europe [2]. Group 3: Financial and Shareholder Information - The company has distributed a total of 59.27 million yuan in dividends since its A-share listing [7]. - As of June 30, 2025, the number of shareholders increased by 9.69% to 8,815, with an average of 3,616 circulating shares per person, up by 16.26% [6][8]. - Notable institutional shareholders include Noan Multi-Strategy Mixed A and Huaxia CSI 500 Index Enhanced A, with significant increases in their holdings [8].

Group 1 - The company adopts an "ODM+OBM" dual-driven business model, which contributes to continuous growth in business scale [2] - The company maintains reasonable inventory levels while producing based on sales demand [2]

Core Viewpoint - The company has experienced a significant increase in inventory, more than doubling since its listing in 2023, primarily driven by finished goods [1] Group 1: Inventory Management - The company responded to investor inquiries regarding the nature of its inventory, clarifying that it operates under an "ODM+OBM" dual-driven business model [1] - The company maintains reasonable inventory levels while adopting a sales-driven production approach [1]

Core Viewpoint - The company, Zhejiang Pulaide Electric Co., Ltd., has shown growth in revenue and profit, benefiting from its specialization in electric tools and the depreciation of the RMB, while also expanding its presence in cross-border e-commerce platforms [2][3][6]. Company Overview - Zhejiang Pulaide Electric Co., Ltd. was established on November 1, 2005, and went public on May 30, 2023. The company focuses on the research, design, production, and sales of electric tools, with 94.85% of its revenue coming from electric tool assemblies [6]. - As of June 30, 2025, the company reported a revenue of 461 million yuan, representing a year-on-year growth of 11.98%, and a net profit attributable to shareholders of 45.65 million yuan, up 14.23% year-on-year [6]. Market Position and Recognition - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title in China for small and medium enterprises that excel in niche markets and innovation [2]. - The company has a significant international presence, with 67.86% of its revenue coming from overseas markets, benefiting from the depreciation of the RMB [3]. Financial Performance - The company has distributed a total of 59.27 million yuan in dividends since its A-share listing [7]. - As of June 30, 2025, the number of shareholders increased by 9.69% to 8,815, with an average of 3,616 circulating shares per person, up 16.26% [6]. Institutional Holdings - As of June 30, 2025, notable institutional shareholders include Noan Multi-Strategy Mixed A and Huaxia CSI 500 Index Enhanced A, with the former increasing its holdings by 27.57% [8].

Core Insights - The company reported a total revenue of 461 million yuan for the first half of 2025, representing a year-on-year increase of 11.98% and a net profit of 45.65 million yuan, up 14.23% year-on-year [1] - The second quarter revenue was 233 million yuan, showing a 2.41% increase year-on-year, while the net profit for the same period was 27.89 million yuan, reflecting a 21.22% increase year-on-year [1] - The accounts receivable to net profit ratio reached 239.43%, indicating a significant amount of receivables relative to profit [2] Financial Performance - Total revenue for 2024 was 411 million yuan, which increased to 461 million yuan in 2025, marking an 11.98% growth [1] - The net profit rose from 39.97 million yuan in 2024 to 45.65 million yuan in 2025, a 14.23% increase [1] - The gross margin decreased to 28.17% from 30.29%, a decline of 7.00%, while the net margin improved to 9.68%, up 4.30% [1] - Total expenses (sales, management, and financial) amounted to 69.66 million yuan, accounting for 15.12% of revenue, down 5.78% year-on-year [1] - Earnings per share increased from 0.41 yuan to 0.47 yuan, a growth of 14.63%, while operating cash flow per share rose by 30.03% to 0.76 yuan [1] Business Model and Strategy - The company's performance is primarily driven by marketing efforts, necessitating a thorough examination of the underlying factors behind this drive [2] - The company has a historical median Return on Invested Capital (ROIC) of 16.45%, but the ROIC for the previous year was only 3.37%, indicating a decline in capital efficiency [1] Shareholder Information - The largest fund holding the company’s shares is the Hui'an Multi-Strategy Mixed A Fund, which holds 81,700 shares and has increased its position [3] - Other funds that have entered the top ten holdings include the ICBC Enjoy Mixed A Fund and the Minsheng Jianyin Specialized New Selection Mixed Fund [3]

Core Insights - The company reported a revenue of 461 million yuan for the first half of 2025, marking a year-on-year increase of 11.98%, and a net profit attributable to shareholders of 45.65 million yuan, up 14.23% [1] - Total assets reached 1.503 billion yuan, with net assets attributable to shareholders at 1.273 billion yuan, reflecting a growth of 0.77% compared to the end of the previous year [1] Group 1: Business Performance - The proprietary brand business showed significant growth, with revenue contribution exceeding 20% as the company expanded its presence on platforms like Tmall, Amazon, Walmart, Temu, and TikTok [1] - Research and development investment increased by 15.92% year-on-year, with a total of 561 patents obtained, including 53 invention patents, 239 utility model patents, and 269 design patents [1] Group 2: Global Market Expansion - The acquisition of Batavia B.V. in 2023 resulted in over 80% year-on-year revenue growth in the first half of 2025, becoming a strategic asset in the company's global layout [2] - The company is enhancing its manufacturing and supply capabilities in Thailand while deepening its sales efforts in Europe, responding quickly to overseas customer demands [2] Group 3: Production and Innovation - The company is advancing its smart production upgrade with a project aimed at producing 8 million DC lithium battery power tools annually, incorporating advanced production equipment and industrial internet platforms [2] - The company's hot air gun series has ranked first in sales among domestic peers for five consecutive years from 2019 to 2023, as certified by the China Electrical Equipment Industry Association [2] Group 4: Future Strategy - The company plans to continue its "ODM + OBM" dual-driven strategy, focusing on technological innovation and brand development to enhance competitiveness and influence in the global power tools market [2]

Core Viewpoint - The company, Pruide (301353.SZ), reported a stable growth in its mid-term performance for 2025, with total revenue reaching 461 million yuan, a year-on-year increase of 11.98%, and a net profit attributable to shareholders of 45.65 million yuan, up 14.23% from the previous year [1] Group 1: Financial Performance - Pruide achieved total revenue of 461 million yuan, reflecting a year-on-year growth of 11.98% [1] - The net profit attributable to shareholders was 45.65 million yuan, representing a year-on-year increase of 14.23% [1] - Key financial indicators showed stable growth compared to the same period last year [1] Group 2: Global Expansion Strategy - The electric tool industry has evolved into a necessity for improving productivity in households, leading to a global operational strategy for manufacturers [2] - Pruide has maintained good relationships with international electric tool brands and retailers, and has acquired the Dutch company BATAVIA B.V. to enhance its manufacturing and supply capabilities in Thailand [2] - The company is actively building online platforms and developing cross-border e-commerce to deepen its global strategy [2] Group 3: Brand Development and Innovation - Pruide is focusing on building its own brands and expanding its OBM business, establishing a dual-driven business model of "ODM + OBM" [4] - The company has developed a differentiated brand matrix, including brands like "恒动", "纽迈特(NEUMASTER)", and "BATAVIA", with self-owned brand revenue exceeding 20% [4] - Long-term investments in technology innovation and independent research and development are laying a solid foundation for brand building, despite short-term profit compression [4] Group 4: Research and Development - Pruide's R&D investment increased by 15.92% compared to the previous year, enhancing its capabilities in key components like motors and battery packs [5] - The company has obtained a total of 561 patents, including 53 invention patents, 239 utility model patents, and 269 design patents [5] - Pruide is actively developing lithium battery-powered products, which are expected to be a new growth point for the company [6]

Group 1 - The core viewpoint of the articles highlights that Pruide (301353.SZ) has successfully increased its self-owned brand revenue to over 20% and is enhancing its brand influence through platforms like Tmall, Amazon, and Walmart [1][2] - The company is recognized as a "little giant" enterprise under the national specialized and innovative category, leveraging its technical strength and manufacturing experience in the electric tools sector to advance its OBM strategy [1] - Pruide has established a differentiated brand authorization system with brands such as "Hengdong," "NEUMASTER," "PRULDE," "Bangta," and "BATAVIA," tailored to meet the market demands of various countries and regions [1] Group 2 - In the first half of 2025, the company's European subsidiary BATAVIA.BV reported over 80% year-on-year revenue growth, indicating strong momentum for its self-owned brands in international markets [2] - The company has strengthened its overseas supply chain response capabilities through its production base in Thailand and optimized logistics efficiency with an overseas warehouse model, creating a global marketing network covering key markets like the US, Europe, Australia, and India [2] - As the proportion of self-owned brand revenue continues to rise, Pruide is transitioning from manufacturing advantages to brand value, enhancing its brand influence and international competitiveness [2]