Market Overview - On August 28, the internet e-commerce sector fell by 0.69%, with Kuaijingtong leading the decline [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Notable gainers included: - Yumu Technology (301110) with a closing price of 67.70, up 6.48% on a trading volume of 77,000 shares and a turnover of 511 million [1] - Jihong Co. (002803) closed at 18.48, up 1.48% with a trading volume of 245,800 shares and a turnover of 442 million [1] - Major decliners included: - Kuaijingtong (002640) closed at 5.80, down 3.17% with a trading volume of 3.277 million shares and a turnover of 1.887 billion [2] - Shitou Co. (600539) closed at 11.24, down 3.10% with a trading volume of 187,500 shares and a turnover of 211 million [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 530 million from institutional investors, while retail investors saw a net inflow of 653 million [2] - Detailed capital flow for selected stocks showed: - Yumu Technology had a net outflow of 39.45 million from institutional investors [3] - New Xunda (300518) saw a net inflow of 8.08 million from institutional investors [3] - ST Tongpu (600365) had a net outflow of 3.51% from retail investors, despite a net inflow of 441.33 million [3]

Company Overview - Cross-Border E-commerce Co., Ltd. is located in Taiyuan, Shanxi Province, established on March 7, 2003, and listed on December 8, 2011. The company's main business involves cross-border export and import e-commerce, with 93.16% of revenue from maternal and infant products and 6.84% from apparel and home goods [1]. Stock Performance - As of August 28, the stock price of Cross-Border E-commerce fell by 2.00% to 5.87 CNY per share, with a trading volume of 263 million CNY and a turnover rate of 3.21%, resulting in a total market capitalization of 9.146 billion CNY [1]. - Year-to-date, the stock has increased by 52.86%, with a decline of 3.14% over the last five trading days, an increase of 11.17% over the last 20 days, and a rise of 26.24% over the last 60 days [1]. Capital Flow - The net outflow of main funds was 20.349 million CNY, with large orders buying 38.261 million CNY (14.54% of total) and selling 44.252 million CNY (16.81% of total). Special large orders bought 7.625 million CNY (2.90% of total) and sold 21.983 million CNY (8.35% of total) [1]. Shareholder Information - As of July 31, the number of shareholders for Cross-Border E-commerce was 247,400, a decrease of 6.61% from the previous period, with an average of 5,648 circulating shares per person, an increase of 7.07% [2]. Financial Performance - For the first quarter of 2025, Cross-Border E-commerce reported revenue of 1.254 billion CNY, a year-on-year decrease of 1.78%. The net profit attributable to the parent company was -3.887 million CNY, a year-on-year increase of 77.67% [2]. Dividend Information - Since its A-share listing, Cross-Border E-commerce has distributed a total of 291 million CNY in dividends, with no dividends paid in the last three years [3].

Market Overview - The market experienced a significant drop, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down by 1.76%, 1.43%, and 0.69% respectively, with over 4,700 stocks declining and only around 600 stocks rising [4] - Despite the indices showing a modest decline, the actual market impact was severe, indicating a split market where many stocks were falling while a few were driving index gains [5][6] Sector Performance - The computing power concept stocks saw a strong morning surge, with companies like Runjian Co., Meige Intelligent, and Dawang Technology hitting the daily limit, but faced significant sell-offs later [3] - The rare earth sector continued to perform well, with companies like Beikong Technology and Northern Rare Earth reaching their daily limit [3] - The CPO sector also experienced a notable rise, with Cambridge Technology achieving three consecutive limit-ups [3] Notable Stocks - Cambrian's stock price rose over 10% to exceed 1,460 yuan, surpassing Kweichow Moutai, which fell to 1,448 yuan, leading to discussions about Cambrian becoming the "new stock king" [11] - Alibaba-related computing power stocks initially surged but ultimately closed down by 1.81%, despite positive speculation about Alibaba's upcoming earnings report [14] - Zhouming Technology announced a partnership with Saudi Arabia's Al-Nassr Club, which initially boosted its stock price but ultimately closed down by 2% [16] Policy Impact - The Ministry of Commerce announced plans to introduce policies to promote service exports, which led to a temporary surge in Cross-Border Communication's stock price, although the connection to cross-border e-commerce remains tenuous [18]

Core Viewpoint - The stock price of KuaBiTong (002640) has been rising, reaching a new annual high, amidst significant shareholder share auctions and ongoing financial struggles [1][4]. Group 1: Stock Performance - On August 27, KuaBiTong's stock price rose by 3.52%, closing at 6.38 CNY per share, after hitting a peak of 6.48 CNY on August 25 [1]. - The company has seen a total of 93.92 million shares auctioned off, accounting for 76.76% of the shares held by major shareholder Yang Jianxin [1]. Group 2: Shareholder Actions - Yang Jianxin's shares are being auctioned, with 3 million shares set for auction on September 19-20, 2025, and 27.5471 million shares successfully auctioned at 4.58 CNY per share, totaling 126 million CNY [1][2]. - Following the recent auctions, Yang Jianxin has lost his position as the largest shareholder, with the new largest shareholder being the Guangzhou Development Zone Emerging Industry Investment Fund Management Co., holding 124 million shares [3]. Group 3: Financial Performance - KuaBiTong anticipates a net loss of 4 million to 7.5 million CNY for the first half of 2025, primarily due to decreased revenue from its export business [4].

Group 1 - As of August 26, 2025, the stock price of KuaBiTong is 5.97 yuan, down 0.22 yuan or 3.55% from the previous trading day [1] - The trading volume on that day was 3.05 million hands, with a total transaction amount of 1.821 billion yuan [1] - KuaBiTong's main business is cross-border e-commerce, focusing on import and export trade and electronic commerce [1] Group 2 - The company operates in the trade industry and is involved in cross-border e-commerce and domestic trade circulation [1] - Shareholder Yang Jianxin will have 3 million shares publicly auctioned on the Taobao judicial auction platform from September 19 to 20, 2025, due to personal debt disputes [1] - A total of 93.9212 million shares, accounting for 76.76% of Yang Jianxin's holdings and 6.03% of the company's total share capital, have been auctioned so far [1]

Group 1 - The company disclosed that a total of 27,547,058 shares held by shareholder Yang Jianxin will be auctioned by the Guizhou Provincial Intermediate People's Court on August 25, 2025, representing 1.77% of the company's total share capital and 23.07% of Yang Jianxin's holdings [1] - The auction results indicate that the shares were successfully sold for a total price of RMB 126,165,525.64, which translates to approximately 4.58 RMB per share [1] - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by regulations [2] Group 2 - The board of directors of the company confirmed the authenticity and completeness of the information disclosed regarding the auction [1][3] - The company emphasizes the importance of investors paying attention to investment risks associated with this event [2]

证券代码：002640 证券简称：跨境通 公告编号：2025-045 跨境通宝电子商务股份有限公司 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 跨境通宝电子商务股份有限公司（以下简称"公司"）近日通过网络查询获悉，公司股 东杨建新先生所持公司部分股份 300 万股将被山西省太原市中级人民法院于 2025 年 9 月 19 日 10 时至 2025 年 9 月 20 日 10 时止（延时除外）在淘宝司法拍卖网络平台上进行公开拍卖。 现将有关情况公告如下： 一、股东股份被司法拍卖的情况 | | 是否为控股 | | | | 占公 | 是否为 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 本次拍卖 | | 占其所 | | | | | | | | 股东名 | 股东或第一 | | | | 司总 | 限售股 | | | | | | | | 股份数量 | | 持股份 | | | 起始日 | | | 到 | | 期日 | 拍卖人 | 原因 | | | | | ...

跨境通宝电子商务股份有限公司 关于公司股东部分股份被司法拍卖的进展公告 证券代码：002640 证券简称：跨境通 公告编号：2025-044 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述和重大遗漏。 跨境通宝电子商务股份有限公司（以下简称"公司"）于 2025 年 7 月 29 日披露了《关 于公司股东部分股份将被司法拍卖的提示性公告》（公告编号：2025-042），公司股东杨建 新先生所持公司部分股份 27,547,058 股被贵州省贵阳市中级人民法院于 2025 年 8 月 25 日 10 时至 2025 年 8 月 26 日 10 时止（延时除外）在淘宝司法拍卖网络平台进行公开拍卖。经 公司查询获悉，此次拍卖股份 27,547,058 股已竞价成功，现将相关情况公告如下： 一、股东股份被司法拍卖基本情况 | 是否为控股 | 占剔除回 | 占公司 | 股东名 | 股东或第一 | 本次拍卖成 | 占其所持 | 购专用账 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

证券代码：002640 证券简称：跨境通 公告编号：2025-045 跨境通宝电子商务股份有限公司 关于公司股东部分股份将被司法拍卖的提示性公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 注：上述累计被拍卖数量不含本次拟被拍卖股份。 二、其他情况说明及相关风险提示 跨境通宝电子商务股份有限公司（以下简称"公司"）近日通过网络查询获悉，公司股 东杨建新先生所持公司部分股份 300 万股将被山西省太原市中级人民法院于 2025 年 9 月 19 日 10 时至 2025 年 9 月 20 日 10 时止（延时除外）在淘宝司法拍卖网络平台上进行公开拍卖。 现将有关情况公告如下： 一、股东股份被司法拍卖的情况 | 是否为控股 | 占公 | 是否为 | 本次拍卖 | 占其所 | 股东名 | 股东或第一 | 司总 | 限售股 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Market Overview - On August 25, the internet e-commerce sector rose by 0.58% compared to the previous trading day, with Lionhead Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Stock Performance - Lionhead Co., Ltd. (600539) closed at 11.97, with a significant increase of 10.02% and a trading volume of 263,700 shares, amounting to a transaction value of 314 million yuan [1] - Other notable performers included: - Cross-Border Communication (002640) at 6.19, up 4.38% with a trading volume of 5.103 million shares [1] - Jihong Co., Ltd. (002803) at 18.04, up 3.09% with a trading volume of 315,200 shares [1] - Yiwang Yichuang (300792) at 29.25, up 2.34% with a trading volume of 140,700 shares [1] Capital Flow - The internet e-commerce sector saw a net inflow of 34.7038 million yuan from institutional investors, while retail investors experienced a net inflow of 2.4196 million yuan [2] - However, speculative funds recorded a net outflow of 37.1234 million yuan [2] Individual Stock Capital Flow - Lionhead Co., Ltd. experienced a net outflow of 95.0128 million yuan from institutional investors, accounting for 30.30% of its trading volume [3] - Jihong Co., Ltd. had a net inflow of 72.3510 million yuan, representing 12.89% of its trading volume [3] - Yiwang Yichuang saw a net inflow of 31.7887 million yuan, which was 7.77% of its trading volume [3]