Core Viewpoint - The company, Shanghai Alade Industrial Group Co., Ltd., is experiencing growth in revenue and profit, driven by its focus on 5G technology and humanoid robotics, while benefiting from the depreciation of the RMB [2][3][7]. Group 1: Company Performance - For the first half of 2025, the company achieved revenue of 204 million yuan, representing a year-on-year growth of 30.51% [7]. - The net profit attributable to the parent company was 33.49 million yuan, showing a significant year-on-year increase of 97.24% [7]. - The company has a total market capitalization of 4.123 billion yuan, with a trading volume of 147 million yuan and a turnover rate of 10.10% on September 1 [1]. Group 2: Business Segments - The main business revenue composition includes: RF and protective devices (48.65%), electronic thermal management devices (23.89%), EMI and IP protection devices (17.50%), and others (9.96%) [7]. - The company’s 5G phased array antenna cover has a high transmission rate exceeding 98% in high-frequency bands [2]. Group 3: Market Position and Strategy - The company has optimized its organizational structure in the automotive sector and is actively pursuing new projects with both domestic and international clients [2]. - The overseas revenue accounted for 52.41% of total revenue, benefiting from the depreciation of the RMB [3]. Group 4: Shareholder Information - As of June 30, the number of shareholders increased to 11,700, a rise of 2.30%, with an average of 3,623 circulating shares per person, up by 17.30% [7]. - The company has distributed a total of 150 million yuan in dividends since its A-share listing [8].

Financial Performance - The company reported a total revenue of 204 million yuan for the first half of 2025, representing a year-on-year increase of 30.51% [1] - The net profit attributable to shareholders reached 33.49 million yuan, up 97.24% year-on-year [1] - In Q2 2025, total revenue was 125 million yuan, with a year-on-year growth of 35.8%, and net profit was 23.17 million yuan, increasing by 84.24% [1] - The gross margin was 37.45%, a slight decrease of 0.47% compared to the previous year, while the net margin improved significantly to 16.16%, up 55.68% [1] - Total expenses (selling, administrative, and financial) amounted to 18.38 million yuan, accounting for 9.03% of revenue, a decrease of 34.77% year-on-year [1] Balance Sheet and Cash Flow - Accounts receivable increased by 39.33% year-on-year, reaching 142 million yuan [1] - The company reported a decrease in cash and cash equivalents, totaling 462 million yuan, down 1.17% [1] - The company’s debt levels decreased significantly, with interest-bearing liabilities at 1.65 million yuan, down 54.85% [1] - Earnings per share (EPS) increased to 0.28 yuan, a rise of 97.24% year-on-year, while operating cash flow per share decreased to 0.20 yuan, down 27.76% [1] Business Model and Market Position - The company’s return on invested capital (ROIC) was 3.15% last year, indicating a relatively weak capital return, but the net profit margin was 12.67%, suggesting high added value in products or services [3] - The company’s historical median ROIC since its listing is 16.03%, indicating good investment returns over time [3] - The company’s business model is primarily driven by research and development, which requires careful analysis of the underlying drivers [3] Industry Outlook and Strategic Focus - The company is closely monitoring developments in the artificial intelligence sector, recognizing its potential to transform productivity and create new business models [3] - The company’s thermal interface materials (TIM) and related solutions are applicable in the AI field, with high thermal conductivity (>12 W/mK) to effectively reduce the temperature of core heating components [3] - The company aims to adapt its product line in response to market changes and customer needs, leveraging its technological capabilities and R&D strength [3]

Group 1 - The company did not distribute cash dividends or issue bonus shares during the reporting period [2] - The company did not have any changes in its controlling shareholder or actual controller during the reporting period [3] - The company held meetings to approve changes to its name and articles of association, changing its name from "Shanghai Alade Industrial Co., Ltd." to "Shanghai Alade Industrial Group Co., Ltd." [3] Group 2 - The company approved a profit distribution plan for 2024, increasing its total share capital from 100 million shares to 120 million shares by issuing 2 new shares for every 10 shares held [4] - The registered capital increased from RMB 100 million to RMB 120 million following the capital increase [4]

Group 1 - The company announced the approval of multiple proposals during the 18th meeting of its third supervisory board, including the proposal to reappoint the auditing firm for the year 2025 [2]

Core Viewpoint - Aled announced the approval of multiple proposals during the 21st meeting of its third board of directors held on August 28 [2] Group 1 - The board meeting included the review of the proposal regarding the company and its summary [2]

Core Points - The company announced the convening of the 21st meeting of the 3rd Board of Directors and the 18th meeting of the 3rd Supervisory Board on August 27, 2025 [1] - The company approved the proposal to reappoint the auditing firm for the year 2025 [1] - The appointed auditing firm is Lixin Certified Public Accountants (Special General Partnership), with the term starting from the date of approval by the shareholders' meeting for one year [1]

Core Viewpoint - Alead (301419.SZ) reported a significant increase in both revenue and net profit for the first half of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue reached 204 million yuan, representing a year-on-year growth of 30.51% [1] - The net profit attributable to shareholders was 33.49 million yuan, showing a remarkable year-on-year increase of 97.24% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 33.48 million yuan, reflecting a year-on-year growth of 98.42% [1] - Basic earnings per share stood at 0.2791 yuan [1]

Core Insights - The company reported a revenue of 204 million yuan for the first half of 2025, representing a year-on-year growth of 30.51% [1] - The net profit attributable to shareholders reached 33.49 million yuan, showing a significant year-on-year increase of 97.24% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 33.48 million yuan, reflecting a year-on-year growth of 98.42% [1] - The basic earnings per share stood at 0.2791 yuan [1]

特别提示： 本次续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）的规定。 证券代码：301419 证券简称：阿莱德 公告编号：2025-030 上海阿莱德实业集团股份有限公司 关于续聘公司 2025 年审计机构的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 上海阿莱德实业集团股份有限公司（以下简称"公司"）于2025年8月27日召 开第三届董事会第二十一次会议和第三届监事会第十八次会议，审议通过了《关 于续聘公司2025年审计机构的议案》，同意聘任立信会计师事务所（特殊普通合 伙）（以下简称"立信"）担任公司2025年度财务报告及内部控制审计机构，聘期 自股东大会审议通过之日起一年。本事项需提交股东大会审议通过后方可实施， 现将相关事项公告如下： 一、拟聘任会计师事务所的基本信息 （一）机构信息 1、基本信息 机构名称：立信会计师事务所（特殊普通合伙）； 成立日期：2011年1月24日； 组织形式：特殊普通合伙企业； 注册地址：上海市黄浦区南京东路61号四楼； 首席合伙人 ...

上海阿莱德实业集团股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来 情况汇总表 单位：万元 法定代表人： 主管会计工作负责人： 会计机构负责人： | | | 占用方与上市 | 上市公司核 | 2025 年期初 | 2025 年半年度 | 2025 年半年 | 2025 年半年 | 2025年6月末 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用 | 公司的关联关 | 算的会计科 | 占用资金余 | 占用累计发生 | 度占用资金的 | 度偿还累计 | 占用资金余 | 占用形 | 占用性质 | | | 方名称 | 系 | 目 | 额 | 金额 | 利息 | 发生金额 | 额 | 成原因 | | | | | | | | （不含利息） | （如有） | | | | | | 控股股东、实际控制人 及其附属企业 | - | - | - | - | - | - | - | - | - | - | | 小计 | - | - | - | - | - | - | - | - | ...