来源：新浪证券-红岸工作室 10月10日，阿莱德跌2.05%，成交额9380.90万元，换手率6.48%，总市值40.67亿元。 今日主力净流入-1133.66万，占比0.12%，行业排名44/89，连续3日被主力资金减仓；所属行业主力净流 入-58.55亿，连续3日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-1133.66万-3182.66万-5322.72万-6221.35万-8502.09万 主力持仓 异动分析 人形机器人+5G+机器人概念+人民币贬值受益 1、2024年半年报：报告期内，汽车事业部按照公司整体战略规划结合汽车行业的要求不断优化组织架 构，通过五家国内外客户的审核，获取客户新项目的定点意向，并向多家潜在国内外客户提供样品参与 测试。智能装备和人工智能作为公司重点开拓领域，在报告期内通过国内头部人形机器人公司的产品测 试，公司将持续开拓在智能装备和人工智能领域的市场，展开与头部客户的战略合作开发。 2、据招股说明书：公司的5G相控阵天线罩拥有优异的性能，在5G高频段透波率最高超过98%。 3、2025年1月10日互动易：公司产品主要应用于人形机器人驱动系统的热管理，具 ...

Core Viewpoint - The company, Shanghai Aled Group Co., Ltd., is focusing on expanding its market in humanoid robots and artificial intelligence, benefiting from the depreciation of the RMB and the growth in 5G technology [2][4]. Group 1: Company Performance - For the first half of 2025, the company achieved a revenue of 204 million yuan, representing a year-on-year growth of 30.51% [8]. - The net profit attributable to the parent company was 33.49 million yuan, showing a significant year-on-year increase of 97.24% [8]. - The company has a total market capitalization of 4.462 billion yuan, with a trading volume of 218 million yuan and a turnover rate of 13.81% on September 22 [1]. Group 2: Business Segments - The main business revenue composition includes: RF and透波防护器件 (55.38%), EMI and IP防护器件 (21.00%), and electronic thermal management devices (20.82%) [8]. - The company’s 5G phased array antenna cover has a high transmission rate exceeding 98% in high-frequency bands [3]. Group 3: Market Position and Strategy - The company is strategically optimizing its organizational structure in the automotive sector and has gained project intentions from five domestic and international clients [2]. - The overseas revenue accounted for 52.41% of total revenue, benefiting from the depreciation of the RMB [4]. Group 4: Shareholder Information - As of June 30, the number of shareholders increased to 11,700, up by 2.30%, with an average of 3,623 circulating shares per person, an increase of 17.30% [8]. Group 5: Technical Analysis - The average trading cost of the stock is 36.37 yuan, with the current stock price fluctuating between resistance at 39.48 yuan and support at 35.26 yuan, indicating potential for range trading [7].

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].

Core Viewpoint - The company, Shanghai Aled Group Co., Ltd., is experiencing a decline in stock price and trading volume, while also benefiting from its international revenue and advancements in technology related to 5G and humanoid robots [1][3]. Group 1: Company Performance - On August 21, Aled's stock fell by 3.76%, with a trading volume of 202 million yuan and a turnover rate of 13.91%, resulting in a total market capitalization of 4.088 billion yuan [1]. - For the first quarter of 2025, Aled reported a revenue of 78.3 million yuan, representing a year-on-year growth of 22.86%, and a net profit attributable to shareholders of 10.32 million yuan, which is a 134.32% increase compared to the previous year [7]. - The company has distributed a total of 150 million yuan in dividends since its A-share listing [8]. Group 2: Industry and Market Position - Aled's products are primarily used in the thermal management of humanoid robot drive systems, with ongoing strategic collaborations with leading clients in the intelligent equipment and AI sectors [2]. - The company’s 5G phased array antenna cover has a high transmission rate exceeding 98% in high-frequency bands, indicating strong technological capabilities [2]. - As of the 2024 annual report, overseas revenue accounted for 52.41% of total revenue, benefiting from the depreciation of the yuan [3]. Group 3: Technical Analysis - The average trading cost of Aled's shares is 33.26 yuan, with the stock price currently fluctuating between resistance at 35.84 yuan and support at 31.20 yuan, suggesting potential for range trading [6].

特别提示 根据中国证券监督委员会（以下简称"中国证监会"）《上市公司行业分类 指引》（2012 年修订），上海阿莱德实业股份有限公司（以下简称"阿莱德"、 "发行人"或"公司"）所属行业为"计算机、通信和其他电子设备制造业（C39）"。 2023年1月19日（T-3日），中证指数有限公司发布的计算机、通信和其他电子设 备制造业（C39）最近一个月平均静态市盈率为26.64倍。本次发行价格24.80元/ 股对应的2021年扣除非经常性损益后归属于母公司股东净利润的摊薄后市盈率 为35.44倍，高于同行业可比公司2021年扣除非经常性损益后归属于母公司股东 净利润的平均静态市盈率33.73倍，超出幅度为5.07%；高于中证指数有限公司发 布的截止2023年1月19日（T-3日）发行人所处行业最近一个月平均静态市盈率 26.64倍，超出幅度为33.03%。 发行人和兴业证券股份有限公司（以下简称"兴业证券"、"保荐机构（主 承销商）"或"主承销商"）提请投资者应当充分关注定价市场化蕴含的风险因 素，知晓股票上市后可能跌破发行价，切实提高风险意识，强化价值投资理念， 避免盲目炒作，审慎研判发行定价的合理性，理性做出投 ...