Core Viewpoint - The company Alade has a diverse portfolio in high polymer materials and communication equipment components, with significant growth in revenue and net profit in recent periods [9]. Group 1: Company Performance - For the period from January to September 2025, Alade achieved operating revenue of 316 million, representing a year-on-year growth of 25.11% [9]. - The net profit attributable to the parent company reached 52.24 million, showing a remarkable year-on-year increase of 89.00% [9]. - The company has distributed a total of 150 million in dividends since its A-share listing [10]. Group 2: Market Position and Products - Alade's main business revenue composition includes RF and透波防护器件 at 55.38%, EMI and IP防护器件 at 21.00%, and electronic thermal dissipation devices at 20.82% [9]. - The company has established a strong presence in the automotive sector, particularly in new energy vehicles, with applications in vehicle display systems, battery packs, and charging systems [2][3]. - Alade's 5G phased array antenna cover boasts excellent performance, with a maximum transmission rate exceeding 98% in high-frequency bands [4]. Group 3: Strategic Partnerships and Market Trends - Foxconn is identified as one of Alade's key partners, indicating collaboration in technology and product development [3]. - The company is actively expanding its market in intelligent equipment and artificial intelligence, focusing on strategic cooperation with leading clients in these fields [3]. - Alade benefits from a significant overseas revenue share of 52.41%, aided by the depreciation of the RMB [5].

Core Viewpoint - The company Alade has experienced a decline in stock price and trading volume, while its financial performance shows significant growth in revenue and net profit. Financial Performance - For the first half of 2025, Alade achieved revenue of 204 million yuan, representing a year-on-year increase of 30.51% [8] - The net profit attributable to shareholders reached 33.49 million yuan, with a remarkable year-on-year growth of 97.24% [8] - The company has distributed a total of 150 million yuan in dividends since its A-share listing [9] Market Position and Strategy - Alade's overseas revenue accounted for 52.41% of total revenue, benefiting from the depreciation of the RMB [4] - The company is focusing on the humanoid robot and artificial intelligence sectors, aiming to establish strategic partnerships with leading clients [2] Product and Technology - Alade's 5G phased array antenna cover has a high transmission rate exceeding 98% in the high-frequency band [3] - The company's products are primarily used in thermal management systems for humanoid robot drive systems [3] Stock Market Activity - On October 10, Alade's stock price fell by 2.05%, with a trading volume of 93.81 million yuan and a turnover rate of 6.48% [1] - The average trading cost of the stock is 36.33 yuan, with recent rapid outflows of shares [7] - The stock is approaching a resistance level of 34.36 yuan, indicating potential for a price correction if it does not break through this level [7]

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 ...