有棵树公告，公司拟将名称变更为行云科技股份有限公司，并将证券简称由"有棵树"变更为"行云科 技"，证券代码保持为300209。本次变更旨在更好地体现公司的产业布局和未来战略发展方向，突出主 要产业投资人深圳市天行云供应链有限公司的企业品牌。该议案已通过公司第七届董事会第七次会议审 议，尚需提交公司2026年第一次临时股东会审议通过。变更事项以市场监督管理部门最终登记为准。 ...

有棵树科技股份有限公司 2025 年第三季度报告 证券代码：300209 证券简称：有棵树 公告编号：2026-006 有棵树科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个 别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 ☑否 1 有棵树科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 16,383,283.24 | -83.59% | 58,956 ...

Group 1 - The stock of Youkeshu increased by 5.42%, reaching 5.84 CNY per share, with a trading volume of 98.41 million CNY and a turnover rate of 3.56%, resulting in a total market capitalization of 5.423 billion CNY [1] - Youkeshu Technology Co., Ltd. is located in Changsha, Hunan Province, and was established on May 25, 2000. It was listed on April 26, 2011. The company primarily provides 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 includes 86.41% from other businesses and 13.89% from cross-border e-commerce [1] Group 2 - From the perspective of top ten holdings in funds, one fund under Huiquan 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 return is 7.04%, ranking 2329 out of 8844 in its category; the one-year return is 48.49%, ranking 1978 out of 8091; and since inception, the return is 22.43% [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 309 days, with the total asset scale of 976 million CNY. The best fund return during his tenure is 59.75%, while the worst is -0.93% [2]

Core Viewpoint - The arbitration case involving Youkeshu Technology Co., Ltd. highlights the financial difficulties faced by the company and the broader challenges within the cross-border e-commerce industry [2][4]. Group 1: Arbitration and Financial Issues - Youkeshu's subsidiary is facing arbitration for overdue logistics fees amounting to 96.41 million yuan, with the Shenzhen International Arbitration Court officially accepting the case [2][4]. - The dispute traces back to a logistics service contract signed in October 2019, with a supplementary agreement in July 2020 that included a guarantee from Youkeshu Technology Co., Ltd. [3]. - Attempts to resolve the debt through a settlement agreement in September 2024 failed, leading to the current arbitration [3][4]. Group 2: Performance Decline and Management Issues - Youkeshu's financial crisis is closely linked to its deteriorating performance and internal management conflicts [5]. - In 2024, the company reported a net profit of 56.76 million yuan, but revenue fell by 16.73% to 387 million yuan; in the first half of 2025, total revenue plummeted by 81.33% to 42.57 million yuan [6]. - Despite a reported profit in the first half of 2025, the profit was largely due to non-operating income, with core business operations continuing to incur losses [6]. Group 3: Internal Conflicts and Compliance Issues - The internal power struggle between former chairman Xiao Siqing and new management led to operational chaos, impacting the company's financial reporting and overall management [7]. - The company faced regulatory penalties for failing to disclose litigation and arbitration amounts that exceeded 10% of its net assets, indicating compliance and management vulnerabilities [8]. - The 2021 Amazon account suspension incident marked a significant downturn for Youkeshu, resulting in substantial financial losses and a decline in business operations [8]. Group 4: Industry Implications - Youkeshu's situation serves as a warning for the cross-border e-commerce industry, emphasizing the need for compliance with regulations and prudent financial management [9]. - Companies in the industry should enhance credit evaluations of partners and monitor payment progress to mitigate risks associated with overdue payments [9]. - The ongoing arbitration case remains unresolved, and the company's ability to address internal management issues and improve core business profitability is crucial for its future [9].

Core Viewpoint - The arbitration case involving Youkeshu Technology Co., Ltd. highlights the financial difficulties faced by the company and the broader challenges within the cross-border e-commerce industry, stemming from a significant debt dispute with a logistics partner [1][2]. Group 1: Dispute Background - The dispute originated from a logistics service contract signed in October 2019 between Youkeshu's subsidiary and Qianhai Yuntu Logistics Co., Ltd., which later led to a debt accumulation due to delayed payments [2]. - A debt settlement agreement attempted in September 2024 confirmed a principal debt of 64.31 million yuan and late fees totaling 21.91 million yuan, but failed to resolve the ongoing payment issues [2][3]. Group 2: Arbitration Details - In January 2026, Qianhai Yuntu initiated arbitration, demanding payment of 64.31 million yuan in principal, 31.60 million yuan in late fees, and 500,000 yuan in legal fees, totaling 96.41 million yuan [3]. - The arbitration also involves a guarantee from Shenzhen Youkeshu Technology Co., Ltd. for the subsidiary's obligations, alongside shared arbitration costs [3]. Group 3: Financial Performance and Management Issues - Youkeshu's financial performance has deteriorated, with a 16.73% revenue decline to 387 million yuan in 2024, and a staggering 81.33% drop in revenue to 42.57 million yuan in the first half of 2025 [4]. - Despite a reported net profit of 56.76 million yuan in 2024, the company's core operations have been unprofitable, with a cumulative net loss of 4.52 billion yuan from 2020 to 2024 [4]. Group 4: Internal Conflicts - The internal conflict between former chairman Xiao Siqing and new management led by major shareholder Wang Wei has exacerbated operational chaos, impacting the company's management and financial stability [5][6]. - A court ruling in December 2025 confirmed the legality of a shareholder meeting decision, but the internal strife has already caused irreversible damage to the company's operations [6]. Group 5: Historical Context and Industry Implications - Youkeshu's current challenges are not isolated; past regulatory penalties for information disclosure violations and a significant loss of over 2.7 billion yuan in 2021 due to the Amazon account bans have contributed to its decline [7]. - The case serves as a cautionary tale for the cross-border e-commerce industry, emphasizing the need for compliance, risk management, and prudent financial planning to avoid similar pitfalls [8].

证券代码：300209 证券简称：有棵树 公告编号：2026-001 有棵树科技股份有限公司 关于子公司涉及仲裁事项的公告 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。 重要内容提示： 1、案件所处的诉讼阶段：申请人提起仲裁请求，尚未开庭审理； 2、上市公司所处的当事人地位：控股子公司有棵树（深圳）网络科技有限 公司、深圳市有棵树科技有限公司为被申请人； 3、涉案的金额：96,407,904.50 元 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"）于近日收到深圳国际仲裁院 （以下简称"仲裁院"）送达的《仲裁通知》【（2025）深国仲受 12213 号】，仲裁 院受理了深圳市前海云途物流有限公司（以下简称"前海云途"）与公司控股子 公司有棵树（深圳）网络科技有限公司（以下简称"有棵树科技"）、深圳市有棵 树科技有限公司（以下简称"深圳有棵树"）关于《国际物流服务合同》相关事 项的仲裁。现将有关事项公告如下： 一、本次仲裁事项受理的基本情况 5、请求裁决二被申 ...

Core Viewpoint - The company has received an arbitration notice from the Shenzhen International Arbitration Court regarding a dispute with Qianhai Yuntu and its subsidiary, involving an amount of 96.4079 million yuan related to an international logistics service contract [1] Group 1 - The arbitration involves claims for payment of logistics service fees, delay fees, and attorney fees, with Shenzhen Youkeshu bearing joint guarantee responsibility [1] - The arbitration has not yet been scheduled for a hearing, and the impact on the company's profits remains uncertain [1] - As of the announcement date, the company has other undisclosed litigation and arbitration matters totaling 3.5666 million yuan, which accounts for 0.39% of the most recent audited net assets [1]

Group 1 - The seventh meeting of the board of directors of Youkeshu Technology Co., Ltd. was held on December 30, 2025, with all seven directors present [2] - The meeting was convened and chaired by Chairman Liu Hailong, and it complied with relevant laws and regulations [2] - The board approved the proposal to appoint a new Chief Financial Officer [3][4] Group 2 - The board voted unanimously in favor of the appointment, with 7 votes for, 0 against, and 0 abstentions [4] - Mr. Cao Rui was appointed as the Chief Financial Officer, responsible for the company's financial work [4] - Relevant documents regarding the meeting and decisions will be disclosed on the company's official information platform [5][6]

Group 1 - The company announced the resignation of CFO Jin Xiaolong due to job adjustment, effective upon delivery of the resignation report to the board [1] - Jin Xiaolong will continue to hold other positions within the company, and his departure will not affect the orderly conduct of the company's daily operations [1] - The board approved the appointment of Cao Rui as the new CFO, who possesses relevant professional knowledge and experience, effective from the date of board approval until the end of the current board's term [1]

Group 1 - The company announced the resignation of Mr. Jin Xiaolong as the Chief Financial Officer due to job adjustment, with his term originally set to last until the end of the seventh board of directors' term [1] - Mr. Cao Rui has been appointed as the new Chief Financial Officer, following the proposal by General Manager Mr. Zhang Wen and approval by the sixth meeting of the seventh board of directors [1] - Mr. Cao Rui possesses relevant professional knowledge and work experience for the CFO position [1]