aisidi(SZ:002416)2022-12-04 09:32Group 1: Company Overview - Aishide is one of the largest smart terminal distributors in China, with a revenue of nearly 56 billion yuan in 2019 and a net profit of 344 million yuan, representing a 470% year-on-year increase [3] - The company maintains its leading position in the industry and has begun laying out new retail strategies [3] - During the pandemic, Aishide's Q1 revenue and net profit both increased, with a forecasted net profit growth of 68%-86% for the first half of the year [3] Group 2: Strategic Partnerships - Alibaba has become a strategic investor, acquiring over 5% of shares and forming a joint venture called Aibaba [3] - Aishide aims to build a new retail infrastructure platform in the 3C digital field, integrating online and offline networks [3] Group 3: Market Position and Customer Base - Aishide covers nearly 100,000 retail stores across all provinces in China, with a significant market capacity compared to online retail [4] - The company serves traditional downstream customers, including major retail chains and telecom operators, as well as regional distributors [4] Group 4: Future Growth and Market Trends - The smartphone market is experiencing a slight decline, but there remains a market size of approximately 500 billion yuan annually, with the overall 3C product market nearing 1 trillion yuan [4] - Aishide plans to expand its distribution and supply chain services in the 3C digital category, focusing on an integrated online and offline new retail platform [4] Group 5: Sales Strategy and Shareholder Structure - Offline sales still account for 70% of total sales, with strategies to integrate online and offline channels for enhanced customer experience [5] - The controlling shareholder's recent share reduction aims to optimize the equity structure and protect minority shareholders' interests, while still retaining over 49% of the company's shares [5]