Group 1 - The core viewpoint of the news is that Huakai Yibai's stock price increased by 5.92% to 11.98 CNY per share, with a trading volume of 174 million CNY and a turnover rate of 4.26%, resulting in a total market capitalization of 4.844 billion CNY [1] - Huakai Yibai Technology Co., Ltd. is based in Changsha, Hunan Province, and was established on February 23, 2009, with its listing date on January 20, 2017 [1] - The company's main business focuses on spatial environment art design, providing comprehensive exhibition services for large exhibition halls, and cross-border export e-commerce [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Xinda Australia has a significant holding in Huakai Yibai, specifically the Xinao Industrial Preferred One-Year Holding Mixed A Fund (013495), which held 463,200 shares, accounting for 5.84% of the fund's net value, ranking as the sixth-largest heavy stock [2] - The Xinao Industrial Preferred One-Year Holding Mixed A Fund was established on March 11, 2022, with a latest scale of 82.739 million CNY, and has achieved a return of 19.78% this year, ranking 4248 out of 8174 in its category [2] - The fund's one-year return is 42.22%, ranking 3964 out of 7982, while it has experienced a loss of 43.81% since its inception [2] Group 3 - The fund manager of the Xinao Industrial Preferred One-Year Holding Mixed A Fund is Zeng Guofu, who has a cumulative tenure of 17 years and 53 days, with the fund's total asset scale at 481 million CNY, achieving a best return of 113.95% and a worst return of -57.43% during his tenure [3] - The co-manager, Dong Xuan, has a tenure of 1 year and 13 days, with a total asset scale of 89.296 million CNY, achieving a best return of 37.14% and a worst return of 36.01% during his tenure [3]

证券日报网讯 9月15日晚间，华凯易佰发布公告称，近日，公司收到全资子公司深圳市通拓科技有限公 司（简称"通拓科技"）的通知，通拓科技完成了住所的工商变更登记手续并取得了深圳市市场监督管理 局换发的《营业执照》。 （编辑 任世碧） ...

证券代码：300592 证券简称：华凯易佰 公告编号：2025-085 华凯易佰科技股份有限公司 关于公司全资子公司变更住所暨取得营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 1、名称：深圳市通拓科技有限公司 2、统一社会信用代码：914403007634628367 3、类型：有限责任公司（法人独资） 4、住所：深圳市龙岗区坂田街道南坑社区雅园路 3 号中南国际产业园 2 栋 2412 5、法定代表人：唐林 6、注册资本：人民币 4,786.8031 万元 近日，华凯易佰科技股份有限公司（以下简称"公司"）收到全资子公司深圳 市通拓科技有限公司（以下简称"通拓科技"）的通知，通拓科技完成了住所的工 商变更登记手续并取得了深圳市市场监督管理局换发的《营业执照》，现将变更 情况公告如下： 一、本次变更的情况 | 变更事项 | | 变更前 | 变更后 | | --- | --- | --- | --- | | 住所 | 深圳市龙岗区平湖街道华南大道一 | | 深圳市龙岗区坂田街道南坑社区雅 | | | 号华南国际皮革皮具原辅料物流区 | | | ...

每经AI快讯，华凯易佰（SZ 300592，收盘价：11.28元）9月12日晚间发布公告称，截至本公告日，周 新华累计质押股数约为1308万股，占其所持股份比例%36.59%。罗晔累计质押股数为870万股，占其所 持股份比例%67.43%。 截至发稿，华凯易佰市值为46亿元。 2025年1至6月份，华凯易佰的营业收入构成为：跨境出口电商占比92.16%，跨境电商综合服务业务占 比7.71%，其他业务占比0.18%，空间环境艺术设计占比-0.06%。 每经头条（nbdtoutiao）——一次自救，"奥特曼"竟埋下百亿元损失的"时间炸弹"，现在被引爆！有人 却在疯狂赚钱⋯⋯ （记者 曾健辉） ...

证券代码：300592 证券简称： 华凯易佰 公告编号：2025-083 华凯易佰科技股份有限公司 本次质押股份未被用作重大资产重组业绩补偿等事项的担保或其他保障用 途。 二、股东股份累计质押情况 截至本公告披露日，上述股东及其一致行动人质押股份情况如下： | 股东名称 | 持股数量 | 持股比例 | 本次质押前 | 本次质押后 | 占其所 | 占公司 | 已质押股份情况 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 已质押股份 | 占已质 | 未质押股份 | 占未质 | | | （股） | % | 质押股份数 量（股） | 质押股份数 量（股） | 持股份 比例% | 总股本 比例% | 限售和冻结 | 押股份 | 限售和冻结 | 押股份 | | | | | | | | | 数量（股） | 比例% | 数量（股） | 比例% | | 周新华 | 35,739,858 | 8.84 | 13,076,000 | 13,076,000 | 36.59 | 3. ...

关于参加 2025 年湖南辖区上市公司投资者网上集体接待日暨 半年度业绩说明会活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，华凯易佰科技股份有限公司（以下简称 "公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公 司联合举办的"资本聚三湘 楚光耀新程——2025 年湖南辖区上市公司投资者网 上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 证券代码：300592 证券简称： 华凯易佰 公告编号：2025-084 华凯易佰科技股份有限公司 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五） 14:00-17:00。届时 公司高管将通过网络文字交流形式就公司 2024 年至 2025 年半年度业绩、公司治 理、发展战略、经营状况等投资者关心的问题，与投资者进行沟通与交流，欢迎 广大投资者踊跃参与！ 特此公告。 华 ...

Core Viewpoint - The company, Huakai Yibai Technology Co., Ltd., is focusing on cross-border e-commerce and AIGC technology, with significant revenue growth but a decline in net profit. Group 1: Company Overview - Huakai Yibai was established on February 23, 2009, and listed on January 20, 2017, specializing in space environment art design and comprehensive exhibition services for large venues, with 92.16% of revenue from cross-border e-commerce [7] - As of June 30, 2025, the company reported a revenue of 4.538 billion yuan, a year-on-year increase of 28.97%, while net profit attributable to shareholders decreased by 72.69% to 36.74 million yuan [7] Group 2: Business Segments - The company's cross-border e-commerce business operates on a multi-platform, multi-region, and multi-category model, primarily targeting Europe and North America [2] - AIGC technology is utilized in self-developed systems to automate product copy generation, significantly reducing labor costs and enhancing operational efficiency [2] - The company is actively exploring VR technology for exhibition purposes, focusing on environmentally friendly design and the integration of VR content with interactive platforms [2][3] Group 3: Financial Performance - The total market capitalization of Huakai Yibai is 4.658 billion yuan, with a trading volume of 81.55 million yuan and a turnover rate of 2.00% [1] - The average trading cost of the stock is 11.58 yuan, with the current price approaching a resistance level of 11.64 yuan, indicating potential for upward movement if the resistance is broken [6] Group 4: Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 1.21% to 19,300, with an average of 18,214 circulating shares per person, an increase of 2.50% [7] - The company has distributed a total of 154 million yuan in dividends since its A-share listing, with 136 million yuan in the last three years [8]

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - In Q2 2025, the company's operating revenue reached 2.25 billion, representing a year-on-year growth of 23%, while the net profit attributable to the parent company was 52 million, showing a year-on-year decline of 1.4% [2][4]. - The company has actively implemented an inventory clearance plan to optimize inventory structure and improve turnover efficiency, resulting in a significant reduction in inventory pressure [9]. - The company’s subsidiary, Tongtuo Technology, achieved a revenue of 860 million in H1 2025, turning a profit with a net profit of 2.82 million, indicating improved operational conditions and profitability [9]. Summary by Sections Financial Performance - In H1 2025, the company’s revenue from Yibai Network was 3.676 billion, up 4.43% year-on-year, but the net profit dropped by 65% due to inventory optimization efforts [9]. - The inventory level was optimized to 1.27 billion, a decrease of 30% compared to the end of 2024 and a 15% decrease from Q1 2025, alleviating inventory pressure [9]. - The gross profit margin in Q2 2025 decreased by 1.4 percentage points year-on-year, while the sales expense ratio increased by 3.9 percentage points [9]. Future Outlook - The company is expected to benefit from inventory structure optimization and proactive new product replenishment, leading to improved operational efficiency [9]. - The anticipated net profits for the company are projected to be 280 million, 380 million, and 490 million for the years 2025, 2026, and 2027 respectively [9].

Core Viewpoint - The cross-border e-commerce industry in China has demonstrated strong resilience and vitality amid frequent fluctuations in the international environment, with a projected import and export volume of approximately 1.32 trillion yuan in the first half of 2025, representing a year-on-year growth of 5.7% [1] Group 1: Industry Performance - Six leading cross-border e-commerce companies have shown varied performance, with some achieving double-digit revenue and profit growth, while others experienced a dramatic 81% decline in net profit [2] - The industry is undergoing a dramatic dual-line development characterized by stark contrasts in performance [3] Group 2: Key Players and Growth - Companies like Anker Innovations, Yingshi Innovations, and Ugreen Technology are examples of "reverse growth," achieving both revenue and profit growth by focusing on brand and product strength [4] - Anker Innovations reported a revenue of 12.867 billion yuan in the first half of the year, a year-on-year increase of 33.36%, with a net profit of 1.167 billion yuan, up 33.8% [4] - Yingshi Innovations achieved a revenue of 3.671 billion yuan, a 51.17% increase, while Ugreen Technology reported a total revenue of 3.857 billion yuan, growing by 40.6% [4] Group 3: Market Trends - The U.S. remains a primary export destination, but growth in the U.S. e-commerce market has slowed due to inflation and reduced consumer demand, while markets in Europe, Southeast Asia, and Latin America are showing growth [5] - The compound annual growth rates for e-commerce markets in Europe, Southeast Asia, and Latin America are projected at 7.95%, 8.79%, and 9.43% respectively from 2025 to 2029 [5] Group 4: Channel Development - Amazon and third-party platforms dominate the market, but independent sites are growing rapidly, with Anker Innovations reporting a revenue growth of 42.64% from independent sites [6] - Anker Innovations is also expanding into offline markets, with a revenue growth of 43.6% from offline channels [6] Group 5: R&D and Innovation - Companies are increasingly investing in R&D, with Anker Innovations spending 1.195 billion yuan on R&D, a 49% increase, and Yingshi Innovations doubling its R&D expenses to 561 million yuan [7] - The application of AI in various operational aspects is becoming common among cross-border e-commerce companies, enhancing product development and operational efficiency [7] Group 6: Challenges for Traditional Models - Traditional "bulk selling" models are facing significant challenges, with companies like Huakai Yibai experiencing an 81.36% drop in net profit despite a 28.97% revenue increase [8] - Huakai Yibai is restructuring its inventory and focusing on premium business branding, while also facing rising logistics costs due to changing tariff policies [8] Group 7: Transition Strategies - Companies like San Tai Co. are shifting from traditional "bulk selling" to a "precision selling" model, enhancing product development efficiency through improved selection systems [9] - Both Huakai Yibai and San Tai Co. are exploring new service-oriented business models, although these initiatives are still in their early stages and have not yet contributed significantly to their performance [10][11]

Group 1 - The internet e-commerce sector rose by 2.15% on September 5, with 壹网壹创 leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] - Key stocks in the internet e-commerce sector showed significant price increases, with 壹网壹创 rising by 7.90% to a closing price of 30.33 [1] Group 2 - The internet e-commerce sector experienced a net outflow of 49.52 million yuan from institutional investors, while retail investors saw a net inflow of 51.45 million yuan [2] - The trading volume for key stocks included 国联股份 with a closing price of 28.70, up 5.05%, and a trading volume of 237,100 shares [2] - The stock 跨境通 had a closing price of 5.50, with a trading volume of 1,495,500 shares and a net inflow of 8.03 billion yuan [2][3] Group 3 - 主力资金流向 indicated that 国联股份 had a net inflow of 60.73 million yuan, while 壹网壹创 had a net outflow of 23.86 million yuan [3] - 散户资金流入 for 三态股份 was 1.01 million yuan, while the net outflow for ST易购 was 3.11 million yuan [3] - The overall market sentiment showed mixed results, with some stocks experiencing significant retail interest despite institutional outflows [3]