Group 1 - The stock of Youkeshu increased by 5.45%, reaching 6.00 CNY per share, with a trading volume of 44.58 million CNY and a turnover rate of 1.54%, resulting in a total market capitalization of 5.572 billion CNY [1] - Youkeshu Technology Co., Ltd. is located in Changsha, Hunan Province, and was established on May 25, 2000, with its listing date on April 26, 2011. The company primarily provides Internet of Vehicles IT services and supporting hardware and software, as well as cross-border e-commerce exports [1] - The revenue composition of Youkeshu includes 86.41% from other businesses and 13.89% from cross-border e-commerce [1] Group 2 - From the perspective of major fund holdings, one fund under Huiquan Fund has a significant position in Youkeshu. The Huiquan Qiyuan Future Mixed Initiation A (014827) held 12,200 shares in the third quarter, accounting for 0.57% of the fund's net value, ranking as the fourth-largest holding [2] - The Huiquan Qiyuan Future Mixed Initiation A (014827) was established on September 5, 2023, with a latest scale of 12.9989 million CNY. Year-to-date returns are 45.05%, ranking 1110 out of 8138 in its category, while the one-year return is 50.41%, ranking 813 out of 8055 [2] - The fund manager of Huiquan Qiyuan Future Mixed Initiation A (014827) is Shen Xin, who has been in the position for 1 year and 246 days, with total assets under management of 976 million CNY. The best fund return during his tenure is 49.32%, while the worst is 0.02% [2]

Core Viewpoint - The ongoing internal conflict within the company following the removal of its former chairman, Xiao Siqing, continues to escalate, leading to a significant lawsuit regarding the validity of a recent shareholder meeting resolution [1][9]. Group 1: Lawsuit Details - The company has received a lawsuit from former chairman Xiao Siqing, who claims that there were significant procedural flaws in the convening and resolution of the 2025 first extraordinary general meeting [2][5]. - Xiao Siqing's lawsuit requests the annulment of the resolutions made during the 2025 first extraordinary general meeting held on October 10, 2025, and seeks to have the defendant bear all litigation costs [6]. Group 2: Company’s Defense - The company asserts that the process of convening and resolving the 2025 first extraordinary general meeting was legal and compliant, countering claims of procedural flaws [7][8]. - The company argues that the judicial freeze on Wang Wei's shares does not affect his shareholder rights, and that the source of his investment funds has been verified as legitimate [7][8]. Group 3: Impact on Financial Reporting - The company has not yet released its third-quarter report for 2025, citing ongoing challenges in asset and business management transitions, which have delayed the completion of necessary audits [10]. - The company emphasizes that the lawsuit's impact on its profits remains uncertain, and it will actively respond to the legal proceedings while maintaining transparency with shareholders [9].

有棵树科技股份有限公司 关于变更办公地址及投资者联系方式的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 有棵树科技股份有限公司（以下简称"公司"）近期因经营发展需要，同时 也为进一步做好投资者关系管理工作，更好地服务广大投资者，现将公司办公地 址、投资者联系电话、传真、电子邮箱等变更情况公告如下： | 变更内容 | 变更前 | 变更后 | | --- | --- | --- | | 办公地址 | 湖南省长沙市开福区湘江中路 | 湖南省长沙市开福区中山路 176 | | | 一段 290 号万达广场 B 座 16 楼 | 号一楼 56 号 | | 投资者联系电话 | 0755-84826159 | 0731-88153358 | | 传真号码 | 0755-84826159 | 0731-88153358 | | 电子邮箱 | yks@yks-group.com.cn | yks@csyys.com | 除上述变更外，公司注册地址等保持不变，上述变更后的事项自公告披露之 日起正式启用。敬请广大投资者注意上述信息变更事项，由此给您带来不便，敬 请谅解。 特 ...

关于重大诉讼事项的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300209 证券简称：有棵树 公告编号：2025-090 有棵树科技股份有限公司 重要内容提示： 1、案件所处的诉讼阶段：原告提起诉讼请求，尚未开庭审理； 2、上市公司所处的当事人地位：被告； 3、涉案的金额：暂无 4、对上市公司损益产生的影响：本次诉讼尚未开庭审理，最终结果及对公 司本期或期后利润的影响尚存在不确定性。 有棵树科技股份有限公司（以下简称"公司"）于近日收到湖南省长沙市开 福区人民法院（以下简称"法院"）送达的《应诉通知书》和《传票》，法院受 理了原告肖四清诉公司 2025 年第一次临时股东大会决议撤销纠纷案（案号： （2025）湘 0105 民初 29730 号）。公司经征询相关股东后，现将有关事项公告 如下： 一、本次重大诉讼事项受理的基本情况 原告：肖四清 被告：有棵树科技股份有限公司 公司收到起诉状时间：2025 年 11 月 13 日 诉讼机构名称：湖南省长沙市开福区人民法院 诉讼机构所在地：湖南省长沙市 二、有关本案的基本情况 （一）案件背景 公司 ...

Core Viewpoint - The company has received a lawsuit regarding the cancellation of the resolutions from the 2025 first extraordinary general meeting, which may impact its profits in the current and future periods [2] Group 1 - The company has been served with a notice and summons from the Changsha Intermediate People's Court regarding a lawsuit filed by the plaintiff, Xiao Siqing [2] - The court has accepted the case concerning the dispute over the cancellation of the resolutions from the company's 2025 first extraordinary general meeting [2] - The company believes that the process of convening and the resolutions made during the meeting held on October 10, 2025, were legal and compliant, with no significant procedural flaws [2] Group 2 - The company plans to organize resources to actively respond to the lawsuit [2] - The final outcome of the case and its potential impact on the company's current and future profits remains uncertain [2]

Core Viewpoint - The stock of Youkeshu experienced a decline of 2.08% on November 17, with a trading price of 5.66 CNY per share and a total market capitalization of 5.256 billion CNY [1] Group 1: Stock Performance - Year-to-date, Youkeshu's stock price has increased by 4.62%, while it has decreased by 4.07% over the last five trading days and by 8.71% over the last 20 days [1] - The stock has shown a 9.69% increase over the last 60 days [1] Group 2: Financial Metrics - For the first half of 2025, Youkeshu reported a revenue of 42.5734 million CNY, representing a year-on-year decrease of 81.33% [2] - The net profit attributable to shareholders was 1.877 million CNY, reflecting a year-on-year increase of 106.08% [2] Group 3: Shareholder Information - As of September 30, Youkeshu had 26,600 shareholders, an increase of 6.86% from the previous period [2] - The average number of circulating shares per shareholder was 18,438, which is a decrease of 6.42% from the previous period [2] Group 4: Company Overview - Youkeshu Technology Co., Ltd. is located in Changsha, Hunan Province, and was established on May 25, 2000, with its stock listed on April 26, 2011 [1] - The company's main business includes providing IT services and supporting hardware and software for the Internet of Vehicles, as well as cross-border e-commerce exports [1] - The revenue composition of Youkeshu is 86.41% from other businesses and 13.89% from cross-border e-commerce [1] - The company belongs to the software development industry, specifically in vertical application software, and is associated with concepts such as ride-hailing, domestic software, automotive electronics, IoT, and e-commerce [1]

Core Viewpoint - The company announced that the former chairman, Mr. Xiao Siqing, holds 12 million shares that will be auctioned by the Shenzhen Intermediate People's Court to settle debts [1] Group 1 - The auction will take place on the Taobao judicial auction platform from December 11, 2025, at 10 AM to December 12, 2025, at 10 AM [1]

证券代码：300209 证券简称：有棵树 公告编号：2025-089 有棵树科技股份有限公司 关于股东所持部分股份将被拍卖的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 的起拍价按照第一次拍卖起拍价的 80%确定。 2、股东股份累计被拍卖情况 有棵树科技股份有限公司（以下简称"公司"）近日收到深圳市中级人民法 院（以下简称"深圳中院"）的《拍卖通知书》（[2025]粤 03 执 2046 号）（[2025] 粤 03 执 2046 号之一），深圳中院决定将在淘宝网司法拍卖网络平台拍卖公司前 董事长肖四清先生持有的公司股票合计 12,000,000 股，以清偿债务。现具体情况 公告如下： 一、股东股份被拍卖基本情况 | 股东名称 | 本次拍卖 股份数量 （股） | 占其所持 股份比例 | 占公司总 售股及限 股本比例 售类型 | 是否为限 | 拍卖时间 | 拍卖人 | 原因 | | --- | --- | --- | --- | --- | --- | --- | --- | | 肖四清 | 10,000,000 | 49.14% | 1.08%是 ...

Group 1 - The company is actively advancing the comprehensive takeover of its assets, business, finance, personnel, and locations as of November 6 [2] - As of October 30, the company has completed the transfer of the company seal at the parent company level, as well as the cancellation or reissuance of business licenses, legal person seals, board seals, supervisory board seals, and financial seals [2]

Core Viewpoint - The company "Kua Shu" has experienced a dramatic decline from being a prominent player in the cross-border e-commerce industry to facing significant financial losses and management upheaval, highlighting the volatility and risks inherent in the e-commerce sector [2][22]. Company Overview - Kua Shu Technology Co., Ltd. was founded in 2010 by Xiao Siqing in Shenzhen, initially capitalizing on the advantages of China's supply chain and overseas platforms [4]. - The company adopted a primitive inventory model, leveraging multiple accounts on platforms like Amazon and eBay to upload a vast number of SKUs, achieving revenue of 233 million yuan in 2014 [4][9]. Growth and Expansion - From September 2014 to January 2017, Kua Shu raised 1.69 billion yuan in several funding rounds, increasing its valuation from 500 million to 3.4 billion yuan [7]. - By 2018, the company had expanded its workforce from under 500 to 2,700 employees, with over 1 million SKUs and operations in more than 200 countries [9]. Peak Performance - In 2020, Kua Shu reported revenue of 5.027 billion yuan and a net profit of 416 million yuan, marking its peak performance [9][12]. - The company emphasized product development speed and a wide variety of offerings, relying on high-volume listings rather than brand strength [9]. Decline and Challenges - In 2021, Kua Shu faced significant setbacks as Amazon began cracking down on violations, resulting in the suspension of 284 stores and a loss of over 100 million yuan in frozen funds [12][14]. - The company's revenue plummeted to 1.764 billion yuan in 2021, a 64.91% decrease year-over-year, with a net loss of 2.676 billion yuan [12][14]. Financial Struggles - Kua Shu's financial situation worsened, with cumulative losses exceeding 4.519 billion yuan over four years, leading to a negative net asset position and a risk of delisting [14][22]. - The company reported revenues of 774 million yuan in 2022 and 464 million yuan in 2023, reflecting declines of 56.11% and 40.01%, respectively [14][22]. Management and Control Issues - In 2024, Kua Shu underwent bankruptcy restructuring, with significant changes in ownership and management, leading to the departure of the founding team [15][21]. - Internal conflicts escalated, resulting in legal disputes and challenges to the board's control, culminating in a new management team taking over in October 2024 [21][22]. Industry Context - The cross-border e-commerce landscape has shifted from a focus on inventory-heavy models to a more refined approach emphasizing quality and adaptability [22]. - The challenges faced by Kua Shu reflect broader industry trends, including increased platform regulations and rising operational costs, necessitating a shift in strategy for survival [22][23].