格隆汇1月14日丨青木科技(301110.SZ)公布，1.持股5%以上股东孙建龙先生持有青木科技股份有限公司 股份4,968,321股（占本公司总股本比例5.37%），其计划在本减持计划公告发布之日起15个交易日后的 3个月内以集中竞价减持持有的公司股份不超过925,353股（占公司总股本比例1.00%）。 2.董事刘旭晖先生直接持有公司股份2,520,000股（占本公司总股本比例2.72%），其计划在本减持计划 公告发布之日起15个交易日后的3个月内以集中竞价减持持有的公司股份不超过630,000股（占公司总股 本比例0.68%）。 ...

（记者 曾健辉） 每经AI快讯，青木科技1月14日晚间发布公告称，持股5%以上股东孙建龙先生持有青木科技股份有限公 司股份约497万股（占公司总股本比例为5.37%），其计划在本减持计划公告发布之日起15个交易日后 的3个月内以集中竞价减持持有的公司股份不超过约93万股（占公司总股本比例为1%）。董事刘旭晖先 生直接持有公司股份252万股（占公司总股本比例为2.72%），其计划在本减持计划公告发布之日起15 个交易日后的3个月内以集中竞价减持持有的公司股份不超过63万股（占公司总股本比例为0.68%）。 每经头条（nbdtoutiao）——海利生物增值9倍并购的企业，估值8个月"腰斩"，其第一大客户竟是尚未 成立的公司，离奇的事还不少…… ...

青木科技公告，持股5%以上股东孙建龙持有496.83万股，占5.37%，计划于2026年2月5日至2026年4月 30日通过集中竞价减持不超过92.54万股，占1.00%；董事刘旭晖持有252万股，占2.72%，同期拟通过集 中竞价减持不超过63万股，占0.68%。所减持股份均为公司首次公开发行前已发行或因权益分派转增股 份。 ...

证券代码：301110 证券简称：青木科技 公告编号：2026-003 持股5%以上的股东孙建龙先生、董事刘旭晖先生保证向本公司提供的信息内容真 实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 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. 持股 5%以上股东孙建龙先生持有青木科技股份有限公司（以下简称"青 木科技"或"公司"）股份 4,968,321 股（占本公司总股本比例 5.37%），其计 划在本减持计划公告发布之日起 15 个交易日后的 3 个月内以集中竞价减持持有 的公司股份不超过 925,353 股（占公司总股本比例 1.00%）。 截至本公告之日，上述股东持股情况如下： | 股东名称 | | 身份 | 持有股份的总数量 | 占公司总股本的比 | | --- | --- | --- | --- | --- | | | | | （股） | 例（%） | | 孙建龙 | 持股 | 5%以上股东 | 4,968,321 | 5.37 | | 刘旭晖 | | 董事 | 2,520,000 | 2.72 | 注：孙建龙先生原为公司非独 ...

Market Overview - The internet e-commerce sector experienced a decline of 1.46% on January 13, with Qingmu Technology leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable stock performances included: - Saiwei Times (301381) closed at 22.94, up 0.88% with a trading volume of 114,200 shares and a transaction value of 265 million [1] - ST Yigou (002024) closed at 1.66, up 0.61% with a trading volume of 350,700 shares and a transaction value of 57.89 million [1] - Qingmu Technology (301110) closed at 93.10, down 5.97% with a trading volume of 126,800 shares and a transaction value of 1.239 billion [2] Capital Flow - The internet e-commerce sector saw a net outflow of 506 million from main funds, while retail investors contributed a net inflow of 508 million [2] - Detailed capital flow for selected stocks showed: - Liren Lizhuang (605136) had a main fund net inflow of 14.37 million, while retail investors had a net inflow of 1.06 million [3] - ST Yigou (002024) had a main fund net inflow of 7.48 million, but a significant retail outflow of 1.40 million [3]

Core Viewpoint - The rise of Generative Engine Optimization (GEO) is reshaping digital marketing strategies as user information acquisition methods evolve, with nearly 500 million monthly active users in China and over 1.27 billion globally [1][2] Group 1: GEO Overview - GEO focuses on whether brand content can be understood and recommended by AI models, contrasting with traditional SEO which optimizes keywords and rankings [1][2] - The implementation of GEO is expected to significantly enhance customer acquisition conversion rates, with a reported increase of 2.8 times compared to traditional search methods, and a 40% reduction in user decision-making cycles [3] Group 2: Market Trends - The Chinese GEO market is experiencing rapid growth, with a year-on-year increase of 215% projected for Q2 2025, and over 78% of enterprise decision-makers prioritizing AI search optimization in their digital transformation strategies [3] - Gartner predicts a 25% decline in traffic from traditional search engines by 2026, as AI chatbots and other virtual AI optimization methods capture more market share [3] Group 3: Impact on Marketing Strategies - The transformation in marketing models is compelling brands to adjust their advertising strategies, particularly affecting small and medium-sized brands that may lack the necessary technology and content production capabilities for GEO [4] - E-commerce operators that prioritize GEO are expected to benefit, as they can quickly establish GEO content generation capabilities and provide comprehensive services from semantic analysis to performance tracking [4] Group 4: Investment Recommendations - E-commerce operators are positioned to capitalize on the shift from SEO to GEO, with specific recommendations including RuYueChen (003010.SZ), YiWanYiChuang (300792.SZ), and ShuiYang Co. (300740.SZ) [5] - Related companies include QingMu Technology (301110.SZ), LiRenLiZhuang (605136.SH), BaoZun E-commerce (BZUN.US), and KaiChun Co. (301001.SZ) [5]

中国经济网北京1月13日讯 青木科技(301110.SZ)昨日晚间发布关于控股股东、实际控制人及一致行 动人股份权益变动触及1%整数倍的公告。 公司收到公司控股股东、实际控制人吕斌、卢彬及其一致行动人宁波允宜投资合伙企业（有限合 伙）（以下简称"允宜合伙"）联合出具的《关于权益变动持股比例触及1%整数倍的告知函》。 2026年1月7日至2026年1月12日期间，吕斌、允宜合伙通过集中竞价及大宗交易方式累计减持公司 股份1,937,356股，占公司总股本的2.09%。本次权益变动后，信息披露义务人及其一致行动人合计持有 公司股份39,703,544股，占公司总股本42.91%，权益变动触及1%整数倍。本次权益变动不会导致公司控 股股东及实际控制人发生变化，不会影响公司的治理结构和持续经营。 2026年1月7日至2026年1月12日，青木科技的加权均价为61.469元。经计算，吕斌、允宜合伙减持 金额约为1.19亿元。 青木科技于2022年3月11日在深交所创业板上市，本次公开发行股票1666.67万股，发行价格为63.10 元/股，保荐机构为兴业证券股份有限公司，保荐代表人为林悦、王贤。 青木科技首次公开发行募 ...

Core Viewpoint - Several popular AI application companies have issued risk warnings regarding their AI-related revenues and business involvement [1] Group 1: Company-Specific Insights - BlueFocus: The revenue driven by AI remains a small proportion of overall operating income [1] - Qiming Technology: The controlling shareholder, Lv Bin, and associated parties sold company shares during stock fluctuations [1] - Hengwei Technology: The company does not engage in AI-related business [1] - Hand Information: The AI products and services business is still in its early stages [1] - Guangyun Technology: AI-related product revenue constitutes a small percentage of total income [1] - Zhuoyi Information: AI programming products are currently in the market introduction phase [1]

Macroeconomic Insights - The US unemployment rate fell to 4.4% in December, down from a revised 4.5% in November, indicating a temporary halt in concerns over job market deterioration[11] - The US manufacturing PMI declined while the services PMI increased, reflecting mixed economic signals[7] - Consumer confidence in the US continued to recover in January, with inflation expectations slightly rising[7] Market Trends - Risk assets generally rose in the week of January 2-9, 2026, with major economies' stock markets and commodity prices increasing[7] - The 10-year US Treasury yield rose by 5.7%, while domestic 10Y government bond futures prices fell by 0.1%[7] - The dollar index increased by 0.7%, with the USD/CNY exchange rate at 6.98, indicating a slight appreciation of the yuan[7] Sector Performance - The AI application sector is expected to see significant growth, with a projected compound annual growth rate (CAGR) of over 35% for the AI industry and over 63% for the large model market[23] - The consumer electronics sector, particularly smart glasses, is experiencing rapid growth, with a projected 110% year-on-year increase in global shipments in the first half of 2025[38] Investment Recommendations - It is advised to overweight A/H shares due to multiple factors supporting Chinese equity performance, including an expected expansion of the fiscal deficit and a more aggressive economic policy[18] - Gold is recommended for overweight allocation due to its strong resilience and safe-haven attributes amid rising geopolitical uncertainties[20] - The report suggests a cautious approach to oil investments, recommending a lower allocation due to expected price pressures from geopolitical events and US policy directions[20]

Investment Rating - The report assigns an "Outperform" rating to the company [4] Core Insights - The company is actively expanding its brand incubation business, which is expected to lead to the release of operational leverage and accelerate performance growth starting in 2026 [1][4] - Revenue and net profit are projected to grow significantly, driven by the rapid growth of the brand incubation business and stable growth in the e-commerce operation business [4][10] Financial Summary - Total revenue is forecasted to reach 15.4 billion, 24.7 billion, and 29.6 billion yuan for 2025, 2026, and 2027 respectively, with growth rates of 34%, 60%, and 20% [4][10] - Net profit attributable to the parent company is expected to be 1.33 billion, 2.47 billion, and 3.02 billion yuan for the same years, with growth rates of 47%, 86%, and 22% [4][12] - The company’s gross margin is projected to improve, reaching 57.4%, 64.8%, and 66.5% in 2025, 2026, and 2027 respectively [10][11] Business Overview - The company primarily provides e-commerce services and brand incubation and management services, collaborating with various well-known domestic and international consumer brands [16] - The brand incubation business focuses on health and pet food sectors, with significant contributions from brands like Keman Duo and Yikali [4][16][22] - The e-commerce operation business is expected to maintain steady growth, with major contributions from the apparel category and partnerships with brands like Skechers and ECCO [4][16][22] Revenue Breakdown - The brand incubation and management business is anticipated to grow rapidly, with projected revenues of 6.0 billion, 14.6 billion, and 18.8 billion yuan for 2025, 2026, and 2027, reflecting year-on-year growth rates of 96%, 143%, and 29% [4][10][12] - The e-commerce operation business is expected to generate revenues of 6.5 billion, 7.0 billion, and 7.3 billion yuan for the same years, with growth rates of 15%, 7%, and 5% [4][10][12] Valuation - The company is assigned a target price of 93.42 yuan based on a 35x PE ratio for 2026, reflecting a valuation discount compared to comparable companies [4][14]