Financial Performance - The company's revenue for Q1 2025 was ¥78,300,589.97, representing a 22.86% increase compared to ¥63,731,803.57 in the same period last year[4] - Net profit attributable to shareholders for Q1 2025 was ¥10,322,724.43, a significant increase of 134.32% from ¥4,405,352.91 in Q1 2024[4] - The net profit excluding non-recurring gains and losses was ¥10,318,105.67, up 147.19% from ¥4,174,131.33 in the previous year[4] - The basic earnings per share for Q1 2025 was ¥0.1032, reflecting a 134.01% increase from ¥0.0441 in Q1 2024[4] - The total operating revenue for the current period is CNY 78,300,589.97, an increase of 22.9% compared to CNY 63,731,803.57 in the previous period[19] - The total operating costs for the current period amount to CNY 67,071,746.17, up from CNY 58,053,728.60, reflecting a growth of 15.5%[19] - The gross profit margin for the current period is approximately 13.0%, compared to 8.8% in the previous period, indicating improved profitability[19] - The net profit for the current period is 10,009,752.11, compared to 4,043,729.23 in the previous period, representing an increase of approximately 147.5%[20] - Operating profit for the current period is 11,422,836.50, up from 5,685,123.26 in the previous period, indicating a growth of about 100.5%[20] - Total comprehensive income for the current period is 9,929,238.39, compared to 4,217,901.29 in the previous period, showing an increase of about 135%[20] Cash Flow and Assets - The net cash flow from operating activities decreased by 71.94% to ¥6,014,706.65, down from ¥21,432,170.33 in the same quarter last year[4] - Cash flow from operating activities for the current period is 6,014,706.65, a decrease from 21,432,170.33 in the previous period, reflecting a decline of approximately 72%[22] - The cash and cash equivalents at the end of the period stand at CNY 497,998,258.67, slightly up from CNY 497,916,012.23 at the beginning of the period[15] - The cash and cash equivalents at the end of the period amount to 497,998,258.67, down from 526,404,972.54 in the previous period, indicating a decrease of about 5.4%[23] - The company reported a net cash outflow from investing activities of -5,345,228.36, compared to -18,114,405.64 in the previous period, indicating an improvement of approximately 70.5%[22] - Total assets at the end of Q1 2025 were ¥1,040,332,611.68, a slight decrease of 0.02% from ¥1,040,548,761.43 at the end of the previous year[4] - The total assets as of March 31, 2025, are CNY 1,040,332,611.68, showing a minor decrease from CNY 1,040,548,761.43 at the start of the period[17] - The total liabilities decreased to CNY 83,537,818.63 from CNY 93,683,206.77, a reduction of 10.8%[17] Management and Strategic Changes - The company plans to change its name to "Shanghai Alade Industrial Group Co., Ltd." to better align with its integrated group management strategy[13] - The company has completed the registration and filing procedures for the name change, obtaining a new business license[13] - The company has a total of 4,500,000 restricted shares remaining after the release of 1,500,000 shares by an executive, indicating ongoing management retention strategies[12] Market Conditions and Expenses - The increase in revenue was attributed to improved market conditions in the 5G sector, which drove a 22.86% rise in sales compared to the previous year[8] - The company reported a significant reduction in management and financial expenses compared to the same period last year, contributing to the increase in net profit[8] - The company incurred credit impairment losses of 283,546.73 in the current period, compared to 1,135,645.27 in the previous period, reflecting a decrease of approximately 75%[20] - The company experienced foreign exchange losses of 80,514.44 in the current period, compared to a gain of 174,172.54 in the previous period[20]

Core Insights - In 2024, Alede's revenue decreased by 9.31% year-on-year to 351 million yuan, while net profit attributable to shareholders fell by 19.28% to 45.78 million yuan [2] - The company reported a basic earnings per share of 0.46 yuan [2] Business Segment Performance - Revenue from RF and wave-transmitting protective devices dropped by 24.67% to 171 million yuan, significantly impacting overall revenue [5] - Revenue from electronic thermal management devices increased by 12.96% to 83.91 million yuan [5] - Revenue from EMI and IP protective devices rose by 25.09% to 61.46 million yuan [5] - In Q4 2024, Alede achieved revenue of 98.25 million yuan, a year-on-year increase of 28.75% and a quarter-on-quarter increase of 1.28% [5] - Q4 net profit attributable to shareholders surged by 3339.16% to 18.14 million yuan, with a quarter-on-quarter increase of 70.16% [5] Profitability Metrics - In 2024, Alede's gross margin was 37.66%, down by 2.65 percentage points year-on-year [6] - The net profit margin was 12.67%, a decrease of 1.66 percentage points year-on-year [6] - Total operating expenses for 2024 were 73.21 million yuan, a reduction of 15.36 million yuan year-on-year [6] - The expense ratio was 20.84%, down by 2.03 percentage points year-on-year [6] Profit Distribution - Alede plans to distribute 5 yuan in cash for every 10 shares, totaling 50 million yuan, which accounts for 109.22% of net profit attributable to shareholders [6] - The company intends to increase its total share capital to 120 million shares by converting 2 shares for every 10 shares from capital reserves [6] Company Background - Alede was established on June 1, 2004, and went public on February 9, 2023, focusing on the R&D, production, and sales of polymer material communication equipment components [6]

Core Viewpoint - The company is a supplier of polymer materials and communication equipment components, focusing on providing customized solutions for communication device manufacturers and their supply chains [4][5]. Company Overview - The company specializes in radio frequency and wave protection devices, EMI and IP protection devices, and electronic thermal dissipation devices, primarily for mobile communication base station equipment [4][5]. - The company has a complete operational model that includes research and development, procurement, production, and sales, actively expanding both domestic and international markets [7]. Business Model - The company employs a direct sales approach, focusing on customized products for major communication equipment manufacturers and EMS manufacturers [10]. - The procurement strategy is designed to meet the diverse needs of clients, utilizing an ERP system for inventory management and cost control [11]. - The production model is based on "sales-driven production" with a focus on small batches and multiple varieties, ensuring quick response to customer needs [12][13]. Financial Information - The company has received a standard unqualified audit opinion from the new accounting firm, Lixin Certified Public Accountants [2]. - The profit distribution plan approved by the board includes a cash dividend of 5 yuan per 10 shares and a capital reserve transfer of 2 shares for every 10 shares held [3]. Important Events - The company established a joint venture, Lide Xincarbon (Shanghai) Technology Co., Ltd., with Wu Jing and Shanghai Lingxiang Enterprise Management Partnership [17]. - The company received CNAS laboratory accreditation, effective from October 9, 2024, to October 8, 2030, which is not expected to have a significant impact on performance [17]. - The company plans to change its name to "Shanghai Alade Industrial Group Co., Ltd." to better reflect its integrated group management capabilities [18].

上海阿莱德实业集团股份有限公司 审计报告及财务报表 二○二四年度 上海阿莱德实业集团股份有限公司 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-89 | 审计报告 信会师报字[2025]第 ZA11035 号 上海阿莱德实业集团股份有限公司全体股东： 一、 审计意见 我们审计了上海阿莱德实业集团股份有限公司（以下简称阿莱德 集团）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债 表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、 合并及母公司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企 ...

兴业证券股份有限公司 关于上海阿莱德实业集团股份有限公司 2024年度募集资金存放与使用情况的核查意见 公司募集资金具体使用情况如下表所示： | 项目 | 金额（人民币万元） | | --- | --- | | 一、公开发行募集资金总额 | 62,000.00 | | 减：发行费用 | 7,755.61 | | 二、公开发行募集资金净额 | 54,244.39 | | 减：截至本期对募投项目的累计投入金额 | 20,393.40 | | 其中：置换前期已投入的自有资金金额 | 5,914.57 | | 其中：2023年度累计直接投入募集资金项目的金额 | 11,936.97 | | 其中：2024年度累计直接投入募集资金项目的金额 | 2,541.86 | | 减：超募资金投入超募项目金额 | 2,722.21 | | 减：募集资金永久性补充流动资金金额 | 12,000.00 | | 减：闲置募集资金暂时补充流动资金金额 | 5,000.00 | | 减：暂时闲置募集资金投资未收回的金额 | 6,000.00 | | 减：其他支出（手续费、清户资金转出） | 17.16 | | 加：募集资金利息 | 756 ...

内部控制审计报告 信会师报字[2025]第 ZA11036 号 上海阿莱德实业集团股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了上海阿莱德实业集团股份有限公司（以下简称阿 莱德集团）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定，建立健全和有效实施内部控制，并评 价其有效性是阿莱德集团董事会的责任。 上海阿莱德实业集团股份 有限公司 内部控制审计报告 2024 年度 内部控制审计报告 第 1 页 四、 财务报告内部控制审计意见 我们认为，阿莱德集团于 2024 年 12 月 31 日按照《企业内部控 制基本规范》和相关规定在所有重大方面保持了有效的财务报告内部 控制。 立信会计师事务所 中国注册会计师： （特殊普通合伙） 中国注册会计师： 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的 有效性发表审计意见，并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、 内部控制的固有局限性 内部控 ...

Financial Performance - The company's basic earnings per share decreased by 22.64% to 0.4578 yuan in 2024 from 0.5918 yuan in 2023 [1] - The net profit for 2024 was 0.46 billion yuan, down 19.3% from 0.57 billion yuan in 2023 [1] - Operating revenue fell by 9.3% to 3.51 billion yuan in 2024 compared to 3.87 billion yuan in 2023 [1] - The return on equity decreased by 27.11% to 4.84% in 2024 from 6.64% in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 9.3439 million shares, accounting for 27.62% of the circulating shares, with a decrease of 90,500 shares from the previous period [1] - The largest shareholder, Pan Huanqing, holds 4.2 million shares, representing 12.41% of the total share capital, with no change [2] - New entrants to the top ten shareholders include Yi Qinglong and Hua Qi, holding 1.75 million shares (0.52%) and 1.663 million shares (0.49%) respectively [2] Dividend Distribution - The company announced a dividend distribution plan of 10 shares converted to 2 shares with a cash dividend of 5 yuan (including tax) [3]

上海阿莱德实业集团股份有限公司 反舞弊、反腐败、反商业贿赂合规制度 （2025年4月） 第一章 总 则 第一条 为进一步加强上海阿莱德实业集团股份有限公司（以下简称"公司"）的公司 治理和内部控制，维护公司合法权益，确保公司经营目标的实现，根据《中华人民共和 国刑法》《中华人民共和国反不正当竞争法》《国家工商行政管理局关于禁止商业贿赂行 为的暂行规定》《中华人民共和国公司法》《中华人民共和国证券法》，最高人民检察院 《关于依法惩治和预防民营企业内部人员侵害民营企业合法权益犯罪、为民营经济发展 营造良好法治环境的意见》《企业内部控制基本规范》《深圳证券交易所上市公司自律 监管指引第2号——创业板上市公司规范运作》及所有其他与反舞弊、反腐败、反贿赂、 企业内部控制相关的适用法律、法规、司法解释和规范性文件等有关规定，结合《公司章 程》和公司实际，制定本制度。 第二条本制度的宗旨是规范公司所有员工，特别是中高级管理人员及关键岗位工 作人员的职业行为，要求员工严格遵守相关法律法规、职业道德及公司内部管理制度， 树立正直、廉洁、勤勉、敬业的良好风气，杜绝任何欺诈、舞弊、腐败、贿赂行为，防止 发生损害公司及股东合法正当利 ...

（一）个人工作履历及专业背景情况 本人王锦山，1962 年 7 月出生，美国国籍。2008 年 5 月至 2010 年 10 月， 任 Eastman Kodak Co.资深研究员；2008 年 5 月至 2010 年 10 月，任 NanoMas Technologies 高级技术顾问；2010 年 11 月至 2018 年 4 月，任南京第壹有机光电 有限公司总经理；2014 年 4 月至今，任扬州帝优科技有限公司董事长；2016 年 3 月至今，任上海德沪涂膜设备有限公司董事长；2020 年 11 月至 2024 年 10 月， 任上海集成电路材料研究院首席技术顾问；2022 年 1 月至 2024 年 10 月，任上 海集材微电子材料技术有限公司执行董事及总经理；2022年9月至2024年4月， 任上海材装半导体科技有限公司执行董事；2023 年 5 月至今，任德沪涂膜设备 （苏州）有限公司执行董事；现任公司独立董事。 （二）独立性说明 本人严格遵守《上市公司治理准则》《上市公司独立董事管理办法》等法律 法规关于独立性的要求，不存在影响独立履职的情况。 二、 独立董事年度履职概况 上海阿莱德实业集团股 ...

（2025年4月） 第一章 总 则 第一条 为规范上海阿莱德实业集团股份有限公司（以下简称"公司"）及 控股子公司、分公司的规范运作和健康发展，合理有效地防范经营管理风险，保 护投资者合法权益，根据《中华人民共和国公司法》（以下简称"《公司法》"） 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第2号——创业板上市公司规范运作》等法律法规及《上海阿莱德实业集团股份 有限公司章程》（以下简称"《公司章程》"）的规定，结合公司的实际情况，制定 本制度。 上海阿莱德实业集团股份有限公司 控股子公司、分公司管理制度 第二条 本制度所称控股子公司是指公司直接或间接持有其50%以上股份，或 者虽然未超过50%，但能够决定其董事会半数以上成员当选，或者通过协议或其他 安排能够实际控制的公司。 分公司是指由公司或其子公司依法设立的，不具有独立法人资格的分支机构。 第三条 本制度旨在加强对控股子公司、分公司的管理，建立有效的控 制机制，对公司的组织、资源、资产、投资等和公司的运作进行风险控制， 提高公司整体运作效率和抗风险能力。 第四条 控股子公司、分公司应遵循本制度规定，结合公司其他内部控 制制度 ...