Core Viewpoint - The article discusses the rise of "bankruptcy" narratives in social media, particularly focusing on the experiences of individuals who have transitioned from wealth to financial struggle, highlighting the emotional and psychological aspects of their journeys rather than just material loss [4][7][30]. Group 1: The Rise of Bankruptcy Narratives - The story of "负家千金" (the "bankrupt heiress") exemplifies the trend of individuals sharing their bankruptcy experiences on social media, which has garnered significant attention and engagement [4][7]. - The concept of "bankruptcy" has evolved from being a narrative of true financial loss to a broader phenomenon where various demographics, including students and middle-class families, share their struggles, creating a new form of content that resonates with audiences [7][12]. - The article notes that the appeal of these narratives lies not in the material possessions lost but in the emotional resilience and personal growth exhibited by these individuals [18][21]. Group 2: Different Types of Bankruptcy Influencers - There are three main categories of bankruptcy influencers: true wealthy individuals who have fallen from grace, students facing financial difficulties, and middle-class families dealing with job losses [15][17]. - True wealthy influencers often share insights on luxury goods and their value retention, while student influencers focus on survival strategies and seeking advice from their audience [12][17]. - Middle-class influencers typically discuss family dynamics and coping strategies during financial hardships, emphasizing the emotional aspects of their experiences [17][24]. Group 3: Content Creation and Audience Engagement - The article highlights that successful bankruptcy influencers must engage their audience through relatable content that reflects their emotional journeys, rather than just focusing on material loss [18][23]. - The trend of "exposing" personal struggles, including financial and emotional challenges, has become a popular content strategy, attracting significant viewer interest [21][30]. - Influencers are encouraged to adopt a more interactive approach, allowing their audience to participate in their narratives, which enhances engagement and fosters a sense of community [23][24]. Group 4: Shift from Wealth Display to Bankruptcy Narratives - The shift from showcasing wealth to sharing bankruptcy stories reflects changing societal values, where audiences are increasingly drawn to authenticity and vulnerability [26][28]. - The article notes that as economic conditions change, the appeal of luxury lifestyles diminishes, leading to a rise in content that resonates with everyday struggles [26][30]. - The emergence of bankruptcy influencers is seen as a response to the challenges of maintaining a glamorous online persona in a more scrutinized and critical social media environment [28][29].

证券代码：300688 证券简称：创业黑马 公告编号：2025-050 创业黑马科技集团股份有限公司 关于涉及重大诉讼的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、案件所处的诉讼阶段：法院已受理，尚未正式开庭 2、上市公司所处的当事人地位：原告 3、涉案的金额：23,711,178.08 元（暂计算至 2025 年 8 月 29 日） 4、对上市公司损益产生的影响：因本案尚未正式开庭，目前暂无法预计本 案对公司本期及期后利润的具体影响。 创业黑马科技集团股份有限公司（以下简称"公司"）近日获悉青岛市崂山 区人民法院（以下简称"法院"）的受理立案情况（（2025）鲁 0212 民初 15542 号）。现将有关情况公告如下： 一、本次诉讼的基本情况 诉讼机构名称：青岛市崂山区人民法院 诉讼机构所在地：山东青岛 原告：创业黑马科技集团股份有限公司 被告：青岛市崂山区科技创新委员会 第三人：青岛黑马加速科技有限公司 案由：合同纠纷 证券代码：300688 证券简称：创业黑马 公告编号：2025-050 二、本次诉讼的案件事实与诉讼请求 （一） ...

Core Points - The company has filed a lawsuit against the Qingdao Laoshan District Science and Technology Innovation Committee for a contract dispute, with the amount in question being 23.71 million yuan, calculated until August 29, 2025 [1] - The lawsuit has been accepted by the Qingdao Laoshan District People's Court, but has not yet officially commenced [1] - The company claims that the defendant's actions have severely harmed its legitimate rights and caused significant economic losses [1]

Core Points - The company, Chuangye Heima Technology Group Co., Ltd., has announced that the Qingdao Laoshan District People's Court has accepted its lawsuit against the Laoshan District Science and Technology Innovation Committee regarding a contract dispute [1] - The lawsuit stems from a cooperation agreement signed in September 2019, where the defendant failed to make payments as agreed, except for partial fees [1] - The company is seeking a total of 23,711,178.08 yuan for annual operating expenses, completed operational target fees, and overdue payment occupation losses [1] - As of the announcement date, the company and its subsidiaries are involved in other undisclosed litigation and arbitration cases amounting to 6,271,450.81 yuan [1] - The company cannot currently assess the impact of this lawsuit on its profits and will closely monitor the situation, providing timely updates [1]

Core Insights - Amazon's report on global e-commerce trends highlights emerging consumer demands and market opportunities driven by technology, emotional needs, and lifestyle changes [1][2][39]. Group 1: AI and Emotional Engagement - The trend of "AI Quality Space" indicates that homes are evolving into emotionally interactive environments, with over 65% of consumers in Europe and the US willing to spend more on smart home products [3][4]. - The market for personalized customization, emotional interaction, and privacy is significant, focusing on how technology can meet emotional needs [7]. Group 2: Sleep Economy - The "Dream Cabin" trend addresses the growing issue of sleep quality, with 37% of American adults reporting a decline in sleep quality in 2023 [10]. - Consumers are increasingly willing to invest in products that enhance sleep quality, reflecting a shift towards valuing health and lifestyle quality [12]. Group 3: Workplace Happiness - The "Happy Office" trend emphasizes the importance of ergonomic designs in workspaces, with a focus on products that enhance comfort and productivity [13][14]. Group 4: Subtle Technology Integration - The trend of "Technology in Everyday Life" reflects a consumer preference for seamless technology integration that enhances quality of life without being intrusive [15]. Group 5: Pet Economy - The pet industry is projected to grow by 45% over the next six years, with 55% of pet owners in Europe and Japan willing to spend more on pet health insurance and wellness products [16][17]. - Pets are increasingly viewed as family members, creating demand for health-focused pet products and services that foster emotional connections [19]. Group 6: Outdoor Cooking - The trend of outdoor cooking is gaining popularity, driven by a desire for unique experiences and social interactions in natural settings [20][22]. Group 7: Mobile Living Spaces - Vehicles are transforming into multifunctional spaces, serving as homes, entertainment areas, and offices, with a focus on enhancing comfort and efficiency during travel [23][27]. Group 8: Generation Z Consumers - Generation Z, as digital natives, prioritize values-driven consumption, personalization, and unique experiences, emphasizing the need for brands to engage authentically [28][30]. Group 9: Health and Fitness - The "Fitness Pioneer" trend highlights a growing focus on scientific, efficient, and personalized approaches to health and fitness, supported by technology [31][34]. Group 10: Esports Market - The esports market is rapidly expanding, particularly in emerging markets, with consumers seeking high-performance equipment and immersive experiences [35][36]. Group 11: Key Drivers of Trends - The report identifies three main drivers of these trends: accelerated technology, emotional shifts, and evolving lifestyles, reflecting the complex needs of contemporary consumers [39][40].

Core Viewpoint - Investor Relations Management (IR) is a critical function in publicly listed companies that is often overlooked, serving as a litmus test for corporate governance during crises [1][3]. Group 1: Importance of Investor Relations - IR is defined as a strategic management behavior that aims to transparently present a company's operational status and future prospects to investors, facilitating two-way communication to maximize stakeholder value [1]. - Many companies treat IR as a regulatory requirement rather than a strategic pillar for long-term development, leading to governance deficiencies that become apparent during crises [1][3]. Group 2: Current Issues in Investor Relations - A report from the China Securities Investor Service Center highlights significant issues in IR management, including a lack of proactive communication from companies, with nearly 60% of individual investors stating that communication was not initiated by the companies [3]. - Over 25% of individual investors reported that companies are unwilling to engage with small investors, indicating a communication imbalance [3]. - A case involving Beijing Hanjian Heshan Pipeline Co., Ltd. revealed systemic violations in financial accounting and disclosure practices, with a 30% reduction in net profit for 2019 due to an erroneous early revenue recognition [3]. Group 3: Consequences of Poor Investor Relations - The collapse of market trust can directly impact a company's financing capabilities, and hidden risks will eventually surface, triggering a chain reaction [5]. - Internal governance issues can lead to a company's market value being underestimated, further exacerbating the situation [5]. - Companies that neglect investor communication will face severe consequences in the capital market during times of crisis, as highlighted by the analogy of a solid flood barrier that becomes a lifesaver during trust crises [13].

Core Viewpoint - The article emphasizes the importance of aligning with national policies for entrepreneurs, outlining a five-step ladder for small and medium-sized enterprises (SMEs) to climb towards innovation and growth in the current market environment [3][4][5][6]. Group 1: Five Steps for SMEs - Step 1: "Small Innovation" - Focus on innovative SMEs that excel in product, technology, management, and business model innovation, targeting niche markets with strong growth potential [3]. - Step 2: "Small Technology" - Refers to technology-driven SMEs that engage in scientific research and development, achieving sustainable growth through the transformation of intellectual property into high-tech products or services [4]. - Step 3: "Specialized and Innovative" - Describes SMEs that are specialized, refined, and distinctive, focusing on niche markets with unique professional technologies [5]. - Step 4: "Little Giants" - Represents the top performers among the "specialized and innovative" SMEs [6]. - Step 5: "IPO on Beijing Stock Exchange" - Highlights the importance of going public on the Beijing Stock Exchange, which is designed to support innovative SMEs, with government subsidies available at each step of the ladder [6]. Group 2: Investment Opportunities - The article notes that the recent AI boom has led global investors to recognize the undervaluation of Chinese assets, prompting a surge of new consumer companies to list in Hong Kong [7]. - Companies like Mixue Ice City have seen significant market capitalization growth, becoming leaders in the new consumer sector [8]. - Other brands that survived the pandemic, such as HuShang Ayi and Bawang Tea, are also exploring listings in Hong Kong or the US [9]. Group 3: Entrepreneurial Insights - Entrepreneurs are advised to secure funding before consensus peaks, continue fundraising during peak consensus, and focus on development when consensus wanes [11][12]. - The article stresses the importance of maintaining confidence during industry downturns, as opportunities often arise when others are pessimistic [13][14]. - The principle of "winners take all" is highlighted as a consistent theme in entrepreneurship and the development of China's economy and innovation over the past two decades [15]. Group 4: Upcoming Events - The article promotes a three-day immersive course on product innovation and brand expansion, featuring industry experts from Japan and China, aimed at helping entrepreneurs navigate the current market landscape [16][20][21].

证券代码：300688 证券简称：创业黑马 上市地：深圳证券交易所 创业黑马科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金 报告书（草案） （修订稿） | 项目 | 名称 | | --- | --- | | 购买资产交易对方 | 北京数字认证股份有限公司、北京云门信安科技有限公司、 李海明、宁波梅山保税港区怡海宏远企业管理合伙企业（有 | | | 限合伙）、潘勤异、熊笃、董宏、李飞伯 | | 募集配套资金认购方 | 不超过 名符合中国证监会规定的特定投资者 35 | 独立财务顾问 签署日期：二〇二五年九月 创业黑马科技集团股份有限公司发行股份及支付现金购买资产并募集配套资金报告书（草案） 声 明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及全体董事、高级管理人员保证本报告书及其摘要内容的真实、准确、完 整，对报告书及其摘要的虚假记载、误导性陈述或重大遗漏负相应的法律责任。 本公司控股股东以及全体董事、高级管理人员承诺：如本次交易所披露或提供的 信息涉嫌虚假记载、误导性陈述或者重大遗漏，被司法机关立案侦查或者被中国证监 会立案调查的，在形成调查结 ...

| 项目 | 名称 | | --- | --- | | 购买资产交易对方 | 北京数字认证股份有限公司、北京云门信安科技有限公司、 李海明、宁波梅山保税港区怡海宏远企业管理合伙企业（有 | | | 限合伙）、潘勤异、熊笃、董宏、李飞伯 | | 募集配套资金认购方 | 不超过 35 名符合中国证监会规定的特定投资者 | 独立财务顾问 证券代码：300688 证券简称：创业黑马 上市地：深圳证券交易所 创业黑马科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金 报告书（草案）（修订稿）摘要 签署日期：二〇二五年九月 创业黑马科技集团股份有限公司发行股份及支付现金购买资产并募集配套资金报告书（草案）摘要 声 明 本部分所述词语或简称与本报告书摘要"释义"所述词语或简称具有相同含 义。 一、上市公司声明 本公司及全体董事、高级管理人员保证重组报告书及其摘要内容的真实、准 确、完整，对报告书及其摘要的虚假记载、误导性陈述或重大遗漏负相应的法律 责任。 本公司控股股东以及全体董事、高级管理人员承诺：如本次交易所披露或提 供的信息涉嫌虚假记载、误导性陈述或者重大遗漏，被司法机关立案侦查或者被 中国证监会立案调查 ...

北京国枫律师事务所 发行股份及支付现金购买资产并募集配套资金的 关于创业黑马科技集团股份有限公司 补充法律意见书之三 国枫律证字[2025]AN077-10 号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 邮编: 100005 电话（Tel）: 010-88004488/66090088 传真（Fax）: 010-66090016 关于创业黑马科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金的 补充法律意见书之三 国枫律证字[2025]AN077-10号 致:创业黑马科技集团股份有限公司 根据本所与创业黑马签订的《律师服务协议书》,本所接受创业黑马的委托, 担任创业黑马本次重组的特聘专项法律顾问。本所律师已根据相关法律、法规、 规章和规范性文件的规定并按照律师行业公认的业务标准、道德规范和勤勉尽责 精神,就本次重组出具了《北京国枫律师事务所关于创业黑马科技集团股份有限 公司发行股份及支付现金购买资产并募集配套资金的法律意见书》(以下简称《法 律意见书》)、《北京国枫律师事务所关于创业黑马科技集团股份有 ...