Group 1: Company Overview - Aishide Co., Ltd. (stock code: 002416) was established in June 1998 and listed on the Shenzhen Stock Exchange in May 2010 [3] - 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 [3] Group 2: Strategic Partnerships and Investments - Aishide is a retail service provider for the Honor brand and holds a stake in Honor, having invested 660 million CNY in a joint acquisition in 2020 [3][4] - The company has established an industrial fund, Shenzhen Aishide Smart City Industrial Investment and M&A Partnership, focusing on smart terminals, artificial intelligence, and low-altitude economy sectors [4] Group 3: Financial Performance and Shareholder Returns - Since its listing, Aishide has distributed over 4 billion CNY in cash dividends, emphasizing long-term, stable, and high-quality development [4] - The company has a shareholder return plan for 2023-2025, aiming to create stable returns while ensuring ongoing operations [4] Group 4: Market Trends and Government Policies - In 2023, the Chinese government allocated 3 billion CNY in bonds to support the "two new" policies, promoting consumption upgrades through trade-in programs [4] - Aishide is adapting to market changes, including the cancellation of certain regional subsidies, while continuing to support consumer goods upgrades [4]