Core Viewpoint - The company anticipates a significant loss in 2025, with projected losses ranging from 250 million to 320 million yuan, and a non-recurring loss between 290 million and 360 million yuan [1] Financial Projections - Expected losses for 2025 are estimated at 250 million to 320 million yuan [1] - Non-recurring losses are projected to be between 290 million and 360 million yuan [1] Impairment and Strategic Adjustments - The company plans to recognize goodwill impairment of approximately 280 million to 326.34 million yuan due to strategic business adjustments and changes in market conditions [1] - The impairment is primarily attributed to the underperformance of its subsidiary, Beijing Time Internet Technology Co., Ltd., which has faced intensified industry competition and failed to meet profitability expectations [1] Brand Performance - The "Cartier Crocodile" brand has experienced a decline in revenue, influenced by significant default litigation, which poses additional risks to its associated goodwill [1]

Core Viewpoint - The company is expected to report a net loss attributable to shareholders for the fiscal year 2025, primarily due to goodwill impairment provisions, which are projected to be between 28 million to 32.634 million yuan [9]. Group 1: Company Performance - The company has achieved a dual-driven model with brand service and self-operated sales, leveraging its brand assets and supply chain resources to provide efficient industrial services [9]. - The self-operated sales model focuses on direct procurement and aims to deliver high-quality products to consumers through multiple online and offline channels [9]. - The company anticipates a significant goodwill impairment due to strategic business adjustments and market changes, particularly affecting its subsidiary, Beijing Internet Technology Co., Ltd., which has faced challenges in profitability [9]. Group 2: Financial Metrics - Historical net profit and non-recurring profit figures indicate a downward trend, with the company reporting a net profit of -11.88 million yuan in 2023, and projections for 2025 suggest continued losses [10]. - Year-on-year growth rates for net profit and non-recurring profit have shown significant declines, with a projected growth rate of -312.04% for 2025 [10]. - The company’s financial metrics, including price-to-earnings (P/E) and price-to-book (P/B) ratios, are affected by its current loss situation, making traditional valuation methods less applicable [13].

Group 1 - The company, Nanji E-commerce, announced an earnings forecast indicating a net loss attributable to shareholders of 250 million to 320 million yuan for 2025, with a basic earnings per share loss of 0.1054 to 0.1349 yuan [1] - In the same period last year, the company reported a net loss of approximately 237 million yuan, with a basic earnings per share loss of 0.1004 yuan [1] - The primary reason for the expected loss in 2025 is attributed to the provision for goodwill impairment; however, excluding this impairment, the company would achieve profitability [1] Group 2 - The investigation into the "Jie Wo Rui" redemption crisis on the Shuibei Gold platform revealed a 40-fold leverage bet, indicating that the platform incurs losses as gold prices rise [1] - Investors expressed dissatisfaction with the proposed redemption plan, which offers a principal repayment at a 20% discount, deeming it unacceptable [1]

Financial Performance Expectations - The company expects a net profit loss for 2025, estimated between ¥25,000 million and ¥32,000 million, compared to a loss of ¥23,659.11 million in the same period last year[3]. - The net profit loss after deducting non-recurring gains and losses is projected to be between ¥29,000 million and ¥36,000 million, compared to a loss of ¥28,638.19 million last year[3]. - The basic earnings per share is expected to be a loss between ¥0.1054 and ¥0.1349, compared to a loss of ¥0.1004 per share in the previous year[3]. Reasons for Expected Loss - The primary reason for the expected loss is the provision for goodwill impairment, estimated between ¥28,000 million and ¥32,634 million, due to strategic business adjustments and increased market competition[5]. - The company's brand "卡帝乐鳄鱼" has experienced a decline in revenue, which poses a risk of goodwill impairment[5]. Earnings Forecast and Disclosure - The data provided in the earnings forecast is preliminary and has not been audited, indicating potential adjustments in the final audited figures[6][7]. - The company emphasizes the importance of investor awareness regarding the risks associated with the preliminary earnings forecast[6][8]. - The final financial data will be disclosed in the 2025 annual report, adhering to relevant legal and regulatory requirements[8].

Core Viewpoint - The internet e-commerce sector experienced a slight increase of 0.47% on January 29, with 壹网壹创 leading the gains, while the overall market showed mixed results with the Shanghai Composite Index rising by 0.16% and the Shenzhen Component Index declining by 0.3% [1]. Group 1: Market Performance - The internet e-commerce sector's performance was highlighted by 壹网壹创, which closed at 42.68 with a rise of 5.88% and a trading volume of 310,300 shares [1]. - Other notable performers included ST通葡, which increased by 2.33% to close at 3.07, and 凯淳股份, which rose by 1.65% to 36.39 [1]. - The overall trading volume for the internet e-commerce sector was significant, with individual stocks like 华凯易佰 and 焦点科技 achieving trading volumes of 327,100 and 141,200 shares respectively [1]. Group 2: Capital Flow - The net inflow of main funds into the internet e-commerce sector was 134 million yuan, while retail funds saw a net inflow of 989,400 yuan [2]. - Conversely, speculative funds experienced a net outflow of 135 million yuan, indicating a shift in investment strategies among different types of investors [2]. - The capital flow data showed that 壹网壹创 had a main fund net inflow of 125 million yuan, despite a net outflow from speculative and retail investors [3]. Group 3: Individual Stock Analysis - 壹网壹创 led the sector with a main fund net inflow of 125 million yuan, representing 9.24% of its trading volume [3]. - 焦点科技 and 青木科技 also saw significant main fund inflows of 45.09 million yuan and 26.03 million yuan respectively, indicating strong investor interest [3]. - In contrast, ST通葡 experienced a negative main fund flow of 1.20 million yuan, reflecting weaker investor confidence [3].

Market Overview - On January 23, the internet e-commerce sector rose by 0.74% compared to the previous trading day, with Qingmu Technology leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - Notable gainers in the internet e-commerce sector included: - Yubuke Technology (301110) with a closing price of 79.22, up 4.11% [1] - Xinghui Co., Ltd. (300464) with a closing price of 6.80, up 3.82% [1] - Jihong Co., Ltd. (002803) with a closing price of 20.40, up 3.13% [1] - Other significant performers included: - New Xunda (300518) at 23.66, up 2.78% [1] - Kaichun Co., Ltd. (301001) at 34.22, up 2.00% [1] Capital Flow - The internet e-commerce sector saw a net inflow of 133 million yuan from institutional investors, while retail investors experienced a net outflow of 130 million yuan [2] - The main capital flow data indicated: - Focus Technology (002315) had a net outflow of 47.32 million yuan from main investors [3] - Huakai Yibai (300592) saw a net inflow of 24.34 million yuan from main investors [3] - Jihong Co., Ltd. (002803) had a net inflow of 17.27 million yuan from main investors [3]

Core Viewpoint - The company, Nanji E-commerce (002127.SZ), announced an internal share transfer involving its controlling shareholder and actual controller, Zhang Yuxiang, and a related party, Shanghai Fengnan Investment Center, which holds 43,851,900 shares, representing 1.79% of the total share capital [1] Group 1 - Shanghai Fengnan Investment plans to transfer up to 43,851,900 shares to Zhang Yun within three months through block trading, without affecting the overall shareholding structure of the company [1] - The share transfer does not involve market reduction, mandatory tender offers, or changes in the combined shareholding of the controlling shareholder and actual controller [1] - This internal transfer indicates a change in the composition of the related parties without altering the control of the company [1]

Core Viewpoint - The company announced an internal share transfer involving its controlling shareholder and actual controller, which will not affect the overall shareholding structure or control of the company [1] Group 1: Share Transfer Details - The company received a notice from Shanghai Fengnan Investment Center, a concerted action party of the controlling shareholder, regarding the internal transfer of shares [1] - Fengnan Investment holds 43,851,900 shares, representing 1.79% of the total share capital, and plans to transfer these shares to Ms. Zhang Yun within three months through a block trade [1] - This transfer does not involve a reduction in holdings in the market, does not trigger a mandatory bid, and will not change the total shareholding quantity or percentage of the controlling shareholder and actual controller [1]

证券代码：002127 证券简称：南极电商 公告编号：2026-002 特别提示： 南极电商股份有限公司（以下简称"公司"）近日收到控股股东、实际控制人张玉祥先生的 一致行动人上海丰南投资中心（有限合伙）（以下简称"丰南投资"）出具的《关于内部转 让股份的告知函》，丰南投资持有公司股份43,851,900股，占公司总股本的1.79%，计划在自 本公告披露之日起15个交易日后的3个月内以大宗交易方式将不超过43,851,900股股份转让至 张芸女士名下（占比不超过公司总股本的1.79%)。 本次权益变动系公司控股股东、实际控制人的一致行动人之间内部构成发生变化，不涉 及向市场减持，不触及要约收购，不会导致公司控股股东、实际控制人及其一致行动人的合 计持股数量和比例发生变化，亦不会导致公司控股股东及实际控制人发生变化。现将相关情 况公告如下： 一、股东的基本情况 张玉祥先生是公司实际控制人，张芸女士是张玉祥先生女儿，为张玉祥先生一致行动人。 丰南投资持有公司43,851,900股股份，占本公司总股份的1.79%，与张玉祥先生为一致行动关 系。 二、本次内部股份转让的主要内容 （1）转让原因：张芸女士因资产规划需要 ...

Core Viewpoint - The announcement details a planned transfer of shares by a significant shareholder, which will not affect the company's control structure or trigger a mandatory bid [1] Group 1: Shareholder Actions - The controlling shareholder and actual controller, Zhang Yuxiang, through a related party, Shanghai Fengnan Investment Center, holds 43.85 million shares, representing 1.79% of the company [1] - The shares are set to be transferred to Ms. Zhang Yun via a block trade, with the transfer period from February 9, 2026, to May 8, 2026 [1] - The transfer price will be determined based on the market price at the time of the transaction [1] Group 2: Commitment and Impact - Zhang Yun has committed not to reduce her holdings in the company for the next 12 months following the transfer [1] - This change in shareholding does not trigger a mandatory bid and does not affect the status of the controlling shareholder or actual controller [1]