aisidi(002416) 证券时报网·2025-01-01 13:40Company Overview - Honor introduced new investors in October 2024 including China Telecom, CICC Capital, Cornerstone Capital, and Shenzhen Special Zone Development Group [1] - Honor completed its shareholding reform on December 28 2024 changing its name to Honor Terminal Co Ltd [11] - Honor plans to initiate an IPO process after the shareholding reform to further its strategic development [5] Financial Performance - Aishida reported Q3 2024 revenue of 18611 billion yuan down 1901% YoY and net profit of 130 million yuan down 3450% YoY [9] - Aishida's total revenue for the first three quarters of 2024 was 57378 billion yuan down 1737% YoY with net profit of 525 million yuan up 157% YoY [9] Market Position - Honor became the third-largest smartphone brand in Hong Kong in H1 2024 with over 540 stores trailing only Samsung and Apple [2] - Honor's digital series products saw customer coverage increase by over 11% YoY in H1 2024 with overall sales showing steady growth [2] Business Operations - Aishida is a national first-tier distributor for Honor Apple Samsung and Meizu with a network covering over 100000 stores across T1-T6 channels [6] - Aishida serves as Honor's authorized service provider in Hong Kong Thailand Vietnam and other regions offering marketing sales logistics and after-sales services [7] - Aishida has branches in 32 provincial regions 5 distribution centers and over 30 regional warehouses with overseas operations in key markets [12] Strategic Investments - Aishida invested 660 million yuan in 2020 as part of a consortium to acquire Honor [10] - Honor's shareholding reform has led to significant stock price movements for related concept stocks including Aishida [3][8] Corporate Governance - Aishida confirmed no undisclosed major issues or changes in its operating environment during the stock price fluctuation period [4] - Honor emphasized its commitment to transparent development and diversified equity structure with the new round of investors [6]