Group 1: Company Overview - Aishide Co., Ltd. was established in June 1998 and listed on the Shenzhen Stock Exchange in May 2010 [2] - The company is a leading provider of digital smart distribution and retail services, focusing on mobile smart terminals, 3C digital products, communication and value-added services, and fast-moving consumer goods [2] - Aishide has established long-term strategic partnerships with numerous top brands and has developed its own brands in the 3C digital and fast-moving consumer goods sectors [2] Group 2: Investment Activities - Aishide's investment fund, Aishide Smart City Fund, has a scale of RMB 500 million, focusing on smart terminals, artificial intelligence, and low-altitude economy [3] - The fund's first investment project is in Hangzhou Yundong Technology Co., Ltd., which recently completed a financing round of nearly RMB 500 million [3] Group 3: Strategic Partnerships - Aishide serves as the online and offline retail service provider for the Honor brand and is an authorized service provider in multiple countries including Hong Kong, Thailand, and Vietnam [3] - The company invested RMB 660 million in a joint acquisition of Honor in 2020, with further details available in previous announcements [3] Group 4: AI and Digital Transformation - Aishide has established Shenzhen Aishide Smart Computing Technology Co., Ltd. in collaboration with Shanghai Xiaoyi Technology Co., Ltd. to advance its AI computing strategy [4] - The company has signed its first computing power project, marking a transition from planning to practice in its computing strategy [4] Group 5: Shareholder Returns - Since its listing, Aishide has distributed over RMB 1 billion in cash dividends, with more than RMB 600 million in dividends planned for the 2024 fiscal year [5] - The company has a shareholder return plan for the next three years (2023-2025) aimed at providing stable returns while ensuring sustainable operations [5]

Group 1: Company Overview and Business Model - Aishide Co., Ltd. is a leading digital smart distribution and retail service provider, focusing on mobile smart terminals, 3C digital products, communication and value-added services, and fast-moving consumer goods [2][3] - The company has established long-term strategic partnerships with numerous top brands both domestically and internationally [3] Group 2: Financial Performance - In 2024, the company's gross profit margin increased from 3.25% in 2023 to 4.40% due to optimization of low-margin businesses and enhancement of distribution capabilities [3] - The company has cumulatively distributed over 4 billion CNY in cash dividends since its listing, emphasizing shareholder returns [5] Group 3: Investment and Future Directions - Aishide has established a new industrial fund focused on smart terminals, artificial intelligence, and low-altitude economy, with the first phase of capital contributions completed [4] - The company has initiated a partnership with Shanghai Xiaoyi Technology Co., Ltd. to establish Aishide Intelligent Computing Technology Co., Ltd., marking a shift from planning to practical implementation of its computing power strategy [4][5] Group 4: Strategic Initiatives - The company is committed to long-term, stable, and high-quality development, maintaining strategic investments in marketing innovation and technology research [3][5] - Aishide is positioned to leverage its integrated services and ecosystem advantages to accelerate regional digital transformation and smart upgrades [4]